Bitcoin Forum

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

My best advice to anyone dealing with cryptocurrencies is ; Cold wallet/offline wallet on an airgapped device is the most secured way to protect you coins.

Whatever you do in crypto doing wallet related activities is best practiced offline as it's the most secured.

Additionally, having an airgapped device is more advisable to ensure your control of attacks, since the internet is not secured.

My best advice is to invest the amount that you can afford to lose and always do your research before investing in any cryptocurrency to be sure of what you are getting into.

Bitcoin is always the best option that every investor needs to consider first.

My best advice would be understanding exactly you want with Bitcoin. Meaning, we should understand if we want to be a trader, investor or a project developer and yeah of course we can be both but some people make mistake in trading and then calling it investment, while some invest and later on play around with it like they are trading. Sticking to one makes it a lot easier for us to achieve our goal.

Trading and Bitcoin are two different things, understand them and maintain consistency.

Advice is crucial for newbies, what one doesn't know is always a mystery. My sincere advice for newbies hopping into Bitcoin/cryptocurrency is not to FOMO, there is no time Bitcoin cannot be purchased but we do have the best time to stack up more Bitcoins, which is during the DIP. Newbies should learn to take advantage of DIP, and prioritize long term holding for their assets.

Also, newbies should know that Bitcoin is a very volatile asset, not to panic or sell once the market becomes bearish.

All stages of Bitcoin investment include: Buy (Strategies) (DIPs)> Hold (Knowledge) (Secure assets) (Don't panic when low) (Longevity) > Sell (During ATH).

Not your key not your coin they also follow for the type of advise way I they give newbie investors.

Another advise way I no they carry play anytime way I they tell am people nah say make them no ever see to invest for crypto as means of to carry make fast money, onces u see or you carry for mind say crypto nah money doubling something eh go easy for you to fall enter hand of scammers because nah the type of people way carry that type of idea they waka them they easily scam.

For the not your key not your coin advice; I also they extend am go reach where if you lose your key your coin also don lose and nobody go fit help you recover am, so make them protect that their key as if say nah their life, cuz once’s them lose am no coming back.

My best advice to anyone who is into cryptocurrency is to consider long term investment, long term investment has made a lot of people rich or wealthy, the money you get as a trader can be huge but it's can't be compared to those who are long term investors.
Take for example Bitcoin, there are people who has been accumulating and holding Bitcoin since it was just $1k till date you can imagine the kind of money they have now especially those who are so consistent, those who where trading Bitcoin may have made huge amount of money but don't forget in trading you lose sometimes and gain sometimes so if you have made huge amount of money in trading it simply means you have lost huge amount too in trading.
If you most trade do it using only 10 percent from your Discretionary income and then use a much more percentage for long term investment.

We all no that Bitcoin is volatile in nature and the only strategy that defeats it volatile nature from affecting us is long term holding.

I have series  of advice i give to newbies but my best advice is, now is the best time to get into the market yesterday was the overall best time and today is the best time to start accumulating those sats.

Because buying opportunities and time waits for no man, it's either you take advantage of it or loose the opportunity

 I think any newbies investing in cryptocurrency should have this mind set of making use of this methods
Diversification,Research,Security,  speaking of diversity this is mostly important to an newbies investor spreading his/her  investment across different assets to minimize risk.

Of course, you have given the right advice for beginners if they improve their security and strengthen their own access. My recommendation is for those new investors to complete their own access in several steps such as mail verification and fingerprint. It is important to activate your own strong access for the security of the wallet before choosing a cryptocurrency. Yes, your valuable recommendation can be an important guideline for beginners before choosing and storing coins.

My best advise is, Be ready for every and anything in the crypto space and don't forget to count your cost as an investor.

The market has proven that it can change at any point in time so, I've learned to be prepared for it all even at the time when the market is getting really bullish.

Another thing I've learned is never to allow greed come in when I'm dealing with altcoins. If it's bitcoin, then there's not so much problem about investing for the long term and refusing to sell even when you're at a profit region but when it has to deal with altcoins, it's best to opt out at the right time so as to stay safe and for all the potential uncertainties that might come along the way. What's applicable to bitcoin is never same with altcoins so know when to apply what.

My best advise to newbies in regards to cryptocurrency (Bitcoin) is they should not be in a haste to make decision in this space, although the first thing first newbies should do is what you've said which guilding and making sure there seed phase and keys are very much safe without anyone interfering, newbies should be very much concerned about privacy and it should be very intentional because it as bitcoiner that's the first step and that graduates anyone to the investment itself, although knowing much about wallet may not come to some newbies mind at the beginning because most of them wouldn't see it as a priority at fisrt but the but the seed, keys, passwords should be reason being that those are the coin itself, if anyone lose control of those that's to say the coins are gone and purpose for the said investment will be defeated too.

In conclusion newbies pls stick to the advise given by @1miau because that's the foundational advise that's must adhered to if you really want to happy and remain in this space without regrets, another thing is, newbies beware of pump and dump projects littered every where in the industry, for a start go in with bitcoin because it is trustworthy and was built ok trust which wtil exist till tomorrow but you guys must know that you will have to invest invest with what you can afford persistently without pressure and hodl for a long term.

Most importantly, newbies should know that there's no free money anywhere so once they are in this space they shouldn't expect quick money because I come to understand that this idea of cashing fast has been the problem most newbies, they have this misconception about the whole thing there getting stucked if it doesn't work there way once they are fully in investment, newbies should understand that every investment has a concept and those concept most be followed if they actually want to be part the future and the greatness of cryptocurrency (Bitcoin) investment, I will have to stop here, @1miau I commend you for this thread, I hope our individual comment here help newbies that needs it.

My best advice to newbies who are just getting started with cryptocurrency is to invest what they can afford to loose in cryptocurrency ( bitcoin specifically) bitcoin should be their priority, and that they should not borrow money to invest in cryptocurrency, because cryptocurrency is not a get rich quick scheme, it requires patient,time, endurance amd emotional control before you can profit from the crypto space.

My best advice to newbies like me who are just coming into crypto apace is to avoid trading first buying and holding should be their first approach to cryptocurrency for them  to get familiar with the crypto space first before going into trading, because if you don't familiar with the market and if you don't understand cryptocurrency nor have good knowledge about it and you go into trading and then end up loosing money you will start calling cryptocurrency a scam, all because you started the wrong way by trading.

My best cryptocurrency advice to newbies or anyone is that cryptocurrencies are not get rich quick schemes so if you are a trader, trade carefully and responsibly and if you are an investor, invest with a discretionary income because all cryptocurrency are risky and highly volatile so if you invest with the mindset of getting rich quick, you might loss and regret.

I concord on your advice because is like a summary of all the advice we might give to any newbies because after every advises it comes back to the person investment and definitely if someone investment is not controlled only by them, then all coin might not certainly be safe because it might be under the vulnerability of getting affected if there is any issues from the place they kept it. So actually you are right and this is one of the first advice I will give a newbie to properly safeguard there coin, I will also advice the newbies that investing in a coin today doesn't mean they have become rich, I actually say this to clear some  unrealistic believe a lot of newbies might have.

My advice will depend on which part of cryptocurrency the newbie wants to venture or dive into and if the newbie said he or she wants to go into trading, I will advise him not to go because of high possibility of making loss almost all the time but if he insisted, I will then advise him again to ensure to use a capital he can afford to let go and he should not borrow to trade. Moreover, if the newbie wants to go into investment which is the best part to follow, I will advise the newbie to also invest with what he can afford to lose and he should ensure to hold for at least 4-5 years and while holding he should also be consistent in accumulating... but he shouldn't try to outsmart the market because it can lead to problem.

My best advice about crypto would be to stay away from temptation and invest money that you can afford to lose. Sometimes even if you have your private key saved, you can be tempted to spend money on the wrong crypto (coin) and end up losing your entire money. Wallet access is always important, because it is like the key to your house. However, sometimes due to wrong decisions, that key may not be very valuable, because there are assets inside the house that have become worthless over time.

What I mean is, sometimes we see different campaigns about some crypto coins and the increase in the value of the coins is promoted. Investing in such campaigns without doing any research for profit will not be the right thing to do at all. In other words, the temptation to earn more profit in less time is a scam. You should always try to protect yourself from this scam.

What you can do is invest in Bitcoin or some trusted coins that will never give you or promise to give you more profit in the short term. Since the probability of losing in these cryptos is low, I consider them to be more valuable assets, the key to which will certainly be more important and valuable. In addition to these coins, you can invest in small amounts in some memecoins or oltcoins to bring alternatives to investment, which you can lose.

Bitcoin investment should be the first choice when thinking of going into the crypto market this is my first advise because among all cryptocurrency bitcoin has proven to be the best and the most reliable and trusted coin to accumulate, let also the mindset of thinking that bitcoin investment is a get rich quick scheme where you can invest today and expect huge amount of money the next day no bitcoin investment should be a long time investment where we shouldn't also invest with the money we won't be in need of for a very long time, it should also be what we can afford to loss and not money for family upkeep and other important needs.
Lastly never to sell out when their is decline in price due to fear of decreasing more in price for that's one of the characteristics of Bitcoin when it dip it will also rise again.

I think I've already read some of the advice I would give a newbie but there's another one which I think deserves to be put out here so it can help any newbie that will visit the topic to learn from it .

As a newbie, you need to be very open to constant learning new things about Bitcoin, if possible on daily basis. One of the most common misconceptions among new Bitcoiners is that they do think that Bitcoin is a finished product — a digital rock you can buy, hold and forget. But the truth is that Bitcoin is constantly evolving and for you to  truly benefit from it, you evolve with it by learning every new thing you encounter about Bitcoin.

Treat cryptocurrency like gold, particularly bitcoin because it is the future of global finance. So as many different types of assets you would want to hold and build as portfolio towards the future, wether Real world assets and digital assets make sure cryptocurrency is among them. The future is crypto and crypto is the future.

My best advice for newbies wey want to enter Bitcoin investment be say make dem get budget for dem income. Many newbies wey hear about how Bitcoin take de very profitable on di long term go want to use almost all dem money to accumulate Bitcoin. Na a very wrong financial management plan be dat, before you go invest inside Bitcoin you go first consider your primary needs first, as an income earners if you neglect di most important and unavailable expenses like food you go later sell your Bitcoin to survive. Bitcoin de more profitable if you hold am on di long term so anything wey make you sell prematurely fit to be loss for you because Bitcoin de volatile.

Comot money for primary needs first, di remaining na for secondary needs, from there you go comot small for emergency funds and some for Bitcoin accumulation. Person wey im income no de sufficient to take care of im primary or basic needs no suppose to de desperate to do Bitcoin investment. Such people need to first try to increase dem income, get anoda job or a second job, learn a skill or work extra hours to increase income first. Na dat time you ready for Bitcoin hodl, na money dem de take make profit for Bitcoin matter.

Not your keys not your coin remains the best.

But let me add some that I usually tell newbies.

- Before you start accumulating Bitcoin, ensure you have an emergency fund. This is because you might be forced to sell because of unforeseen problems.

- Don't give in to FUD. You can achieve that by getting information from reliable sources like Bitcointalk

- Safe wallets: if you can afford it use a good hardware wallet to store your coins.

You are right, Not Your Key - Not Your Coins is the best advice to give a crypto beginner, this advice is for those that normally store their coins in exchange. If they keep their coins on exchange, the people in charge have full control of the assets.
Actually the phrase "Not Your Key - Not Your Coins" simple means that if your coins is in an exchange you don't have control over it because you don't have the key to it, it is different from when one keeps his Bitcoin in the Electrum Wallet because he have the seed phrase.

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Actually, my best advice to share with a crypto beginner is that crypto Enthusiast should be cautious of scammers and phishing links on the Internet. because these days crypto Enthusiast are scammers target.

Here is my best advice "save your seed phrase offline and avoid any cloud storage medium "  

Some people feel they're smart or have discovered a more convenient way to save their seed phrase using a cloud storage like email but the truth is, they're only endangering their coins because hackers can easily brute force those passwords compared to offline storage medium and probably using a safe or vault.

My advice is base on the basic reasons so many people get into cryptocurrency which is for the view of chances and opportunity that the space brings and with that note so many people have flooded the crypto space with their target on newbies claiming to offer them mouth watering opportunities and chances either in the field of trading or particular coin investment and of which my advice is pretty simple..

if the offers seems too good to be true then it's obviously scam and don't doubt your guts. The crypto space isn't a get rich scheme that one can blow overnight without no hard work and sacrifice.

My advice to newbies joining the crypto space is to stay anonymous. Don't let other people know how much worth of crypto assets you have in your possession. Because those you open up to about your Bitcoin accumulation may not have good intentions for you. They might be thinking about how to steal your Bitcoin assets from you, whether by force or otherwise. Who knows what their plan is like? Is it to work with armed robbers to stage you at gunpoint for you to release your Bitcoin to them

Those who mostly panic sell their Bitcoin assets on a decline are those who must have with money that is not supposed to be use for Bitcoin investment and on seeing Bitcoin on a down turn they panic and sell and in most cases they sell at lost, another important advice to newbies is to never invest an amount that they can not afford to let go for a long period of time that way it will enables them to ride with the down turn market conditions whenever it occurs, many people who has fallen the victim of panic selling when the market is on down turn always regret because Bitcoin always comes back to break records.

There are varieties of advice to give to newbie who is new into cryptocurrency and no 1 has been answered by you already which is most importantly
1. not your key not your coin. Which implies that to be the legitimate owner of coin in their wallet, they should keep their seed phrase safe to avoid losing access to their wallet.

2. They should be careful when making transaction because any wrong transaction will result to permanent loss of asset which is irreversible since it's not like bank where complain can be made and fund can be possible reverse.

3. Newbie who want to invest should invest in a potential asset like Bitcoin and not some pump and dump shitcoin that turns rugpull with the test of time. Even if they decide to gamble some alt/shicoin, they should (DYOR) and invest with what they can afford to lose.

4. Newbie should avoid some cryptocurrency offer that appear too good to be true as they are mostly phishing site that comes with a malware which clicking on it may result to losing access to their asset. Most newbies often fall for this traps because they lack the prerequisites knowledge of phishing site.

Investing what you can afford to lose make cryptocurrency investment looks like Gamble, because it is only in gamble or possibly in cryptocurrency trading that such kind of phrase do occur. However in investing in a cryptocurrencies such as Bitcoin, it should rather be that, you should invest what comes out from your discretionary income, it is your discretionary income that determines the amount you can afford to reserve for investment, and the newbies should invest gradually and over time increases percentage of investment.. Given the volatility of other cryptocurrencies I'm not sure of their feasibility in the cryptocurrency market, I will advise newbie to reduce the research they would want to even do on any other cryptocurrency and focus more on Bitcoin, at least Bitcoin is tested and trusted.

Nope. Cryptocurrency is risky; you don't need to invest all your money or more than what you can afford because if you do so and you don't make plans for yourself, it can affect you, and if time is not taken, you may tamper with your investment, and it is very possible that you will be at a loss. The reason why it is advisable for investors to invest with what they can afford is because of:

1. To invest with ease.
2. You can't invest all the money you have; you also need other things to do with your money.
3. Just always consider the risk.😮‍💨

My advice will always be to know what you are getting into. The crypto market is very broad. Different terminologies here and there, so many things to be learnt. Don't just stay below average when you come in. Ask questions or seek answers on the internet. A newbie shouldn't be resistant to whatever principles that guides cryptocurrency in general. One thing is to understand how important your keys are, another thing is to understand that phishing scams and social engineering attacks exist, and can make a newbie look so unprofessional after keeping his/her keys properly.

The essence of knowing what exactly you are getting into is to back up the popular phrase, Don't trust, but verify.

My little advice on newbies concerning cryptocurrency is, no matter how little you many can found to invest in cryptocurrency always be contented what you can offer than borrowing money to invest.

My advice for beginners is very little. Since they are still beginners about cryptocurrency, they should focus on learning more about market conditions, correct understanding of crypto, past price graph analysis, market cap, and investment related else. A beginners keeps himself busy while learning crypto, he should develop a habit of small accumulation with long-term goals. During the learning period, he should buy and hold small amounts more than taking dubious investment risks. Keeping crypto accumulation and goals in line with their income will make them experienced investors and make them successful.

My advice is; "Learn Bitcoin"

I would like to say this especially to those newbies who initially consider Bitcoin as a short-term profit investment medium. There are many people who invest in Bitcoin greedily after seeing about others people's profits, at that time they only have thinking about the profit only, they think that it is possible to make good profits very easily and quickly through Bitcoin investment. Those who have such thoughts should first learn Bitcoin and try to understand the basics of Bitcoin.

Bitcoin is a long-term investment, the best method for Bitcoin investment is DCA, the nature of Bitcoin is very volatile, Bitcoin continues to be valuable in the long term even in the midst of volatility, you must choose the right wallet to deposit Bitcoin, do not use exchanges for holding, keep all information completely confidential. These are things an investor must know. Bitcoin is not just a coin, it is a powerful asset that will grow even bigger in the future, so it is definitely worth and very needed to learning about Bitcoin.

Well my best advice to newbies is don't invest in crypto currencies with borrowed funds. Investing in crypto is best done when you are investing with your own money. No matter how enticing it might be, never invest in crypto with borrowed funds. Invest only with money that's yours and even when the money is your, it shouldn't be the one you will be needing in the next few years.

And another advice I will have for newbies will be; if you don't hold, you won't be rich.

This have been the warnings we give to newbies in cryptocurrency (not your key, not your coins) I don't see that as an advice really it's more of a warnings as for where to store their Bitcoin and have full control over the wallet instead of leaving them in the hands of third parties.

For me the best cryptocurrency advice for a newbie, is to choose Bitcoin as they main portfolio and treat other altcoins as just gambling, with such mentality they approach to Bitcoin will be deliberate while the can gamble with altcoins with that in time to come the cryptocurrency portfolio will be made up of mainly Bitcoin and not shitcoins.

My advice to newbies is that they shouldn't look at Bitcoin's price today and feel that they're late to the party and would rather gamble on newly launched tokens than investing in Bitcoin. In most cases, these tokens do not see the light of day, and they disappear into the abyss, leaving investors with losses. However, if they invest such amount in Bitcoin, no matter how small, it will be worth more in the future.

My best cryptocurrency advice to newbies is:

They should not invest based on their emotions
Because cryptocurrency are long term goals not a get rich quick scheme as some people believe, so take your time to educate yourself about it and its potential, and try to make decisions based on your research rather than your emotions, because if you're being controlled by your emotions, it will affect your portfolios negatively and that can cause you to miss out potential gains, and can also lead to financial losses, overreacting to market fluctuation and regret. It's your money you need to be patient and understand your goals, and do your own research always to use your knowledge and make better investment choices for your assets.

Crypto currency is the future and it's filled with so much Opportunities but there are lots of people that are getting overambitious with it because they want to make quick money.. crypto currency are for those that can be disciplined and consistent..my advice for those into crypto is to always invest what they can afford to lose instead of going all In because they are just after making Profits everytime which is cool but impossible

First, Invest what you can afford to lose in cryptocurrencies which is my first advice to all newbies to embrace before joining cryptocurrencies investment, secondly cryptocurrencies is not to get rich quick, if you are in that category of people that want to get rich quick from cryptocurrencies, it may lead such people to failure, Thirdly, Always allow bitcoin to be your favorite cryptocurrency investment you can hold for long term before selling, because whenever the price of bitcoin is increasing other cryptocurrencies price follow.

I still do not consider myself a qualified person to give advice, because I have very little knowledge about crypto. From my little knowledge, I can say that there is no alternative to gaining knowledge to profit from crypto. Even for crypto investment, you should always use money that you can lose. Because the crypto market is very unstable, there is a high chance of losing here. That is, your money is at risk. In this case, if you have deep knowledge about crypto and knowledge about the coins, then you can make the right choice and make a profit. In this case, knowledge related to investment is also very important.

My advice,Always carryout proper research about Cryptocurrency particularly Bitcoin, equipped yourself with the basic knowledge about bitcoin and blockchain technology. It's all good to invest with amount we can afford to do way,meaning we should invest using our discretional income according to our financial strengths. Don't borrow huge funds to invest in Bitcoin and expect huge returns over night as the market can be very volatile and wouldn't favour a short time investment plan. It's better to approach the market with a  long term investments plan because of the volatile nature of Bitcoin.it also requires long time patient and investment tolerance to be able to Hold for the long term to make reasonable profits.

The crypto Blockchain is not like the centralized banking system which you may be denied of having access to the funds at your pleases.

Behold since the crypto currency was invented with the obligations of allowing users to have full authority over their funds and executes transactions without the need of a third party, it is also accorded that to have a full self custodian of your wallet such as privilege of privatizing your funds and keeping your identity untraceable with an intense of advanced securities with Privacies, it can be actualized when holding your assets in the self custodian wallets where only you holds your private keys and a zero KYC requirement in the process unlike holding your coins in the centralized exchanges where you don't hold your private keys and you are being conditional under regulatory policies either by the governments or the exchange authority.


Vital information: States... Your seed phrase and private keys are your assets security documents. So, to stay safe in your home and societies, "Don't trust anyone with your security keys" and don't let the public know you are holding assets on the crypto " reason because, you can be betrayed or be planned against physical attacks of stealing your funds.

Based on my 6 years experience in crypto space, I will advice a newbie to start with Bitcoin first during their early stage, they can extend hands to altcoins after they have gathered enough knowledge about crypto. When I first got into crypto & Bitcoin, the price of Bitcoin was at the range of $3k+ - $5k, $10k, if I had invested the money I wasted on some altcoins into Bitcoin and hold it till today, we all know the profit will be huge, but during those days, I was already considering that Bitcoin was too expensive and I needed just cheaper altcoins to buy thousands of it so that when the price go to the moon, I will become rich. 

But guess the coin that goes to the moon? It's Bitcoin. As of February 2019 Bitcoin was $3k+ and yet I said it's expensive, what would I say today that the price is now $111k? All I can do is advice newbies not to make the mistake I made. If you are new, start buying Bitcoin little by little.

My best advice to newbies or anyone who wants to start his crypto journey is not to take a loan or borrow money to invest in bitcoin if you don't have a means of income which you can use to pay back the loan gradually till the loan is cleared. This is because bitcoin is a long-term asset and it is only when you invest with your discretionary income that you will be able to hodli for long. Always set up an emergency funds as a long term bitcoin investor, to take care of your real life emergency in order for you not to sell your bitcoin before time.

Understanding the difference between Bitcoin, shitcoin and altcoin.
When it comes about investment, many people don't usually know the best coin to invest making them to go invest on shitcoin mostly a pump and dump coin, this is also very risky thing to do, as a newbie it's better to stick on bitcoin than jumping around altcoin that doesn't have a clear future. This is mostly for those who are roaming around for quick profits, Bitcoin is for long term investments, while altcoin is for short term investment but are highly volatile.

Of course, you are right knowing where to stor our seed phrase matters alot as most people who doesn't know how to secure their keys easily get scammed or again, not leaving their coin inside Central exchange it's also risky not to do that as not your key-- not your coin.

Their are so many beneficial advice I can give to a newbie regarding cryptocurrency, but the exact one I don't joke with is do not invest or trade with an amount you cannot afford to lose.
In as much as we wish to make more money in the crypto industry, let's not forget that our personal well-being is very much important, so ask yourself, if my investment in crypto today goes south, will I be able to bear the loss?
This is one question we as individual can answer for ourselves, but if you can't bear the loss if something like that happens, it's best to reduce it to a figure you can let go, now that it's not too late.

● You have mentioned the first important advice someone suppose to give to newbies, because securing your seed phrase is the most important thing both the newbies and experienced someone in crypto space will do..

● cryptocurrency newbies should not be in a hurry to invest in cryptocurrency without making some findings, most of the newbies that complain of losing for their cryptocurrency investment that loss is being experienced because they did not make research of the coin they invest before investing, so they should invest properly before they invest in any new coin

● Let a newbies know that risk management is everywhere, so before they buy a coin, let they consider the factors of losing and also gaining, because two things is involved in cryptocurrency investment either you lose or you gain

● Do not store your keys in your email or anything online, because it can be easily tempered when you loss your electronic gadgets that bear such documents, such as laptops and phones

● Saving your coins in exchange: I know many people is found of keeping their BTC and other cryptocurrency in an exchange, it's error by keeping your coins on exchange, an exchange maybe attacked anything, and on the process of attacking exchange, the exchange may crash, as a newbies it's not good to use exchange wallet as a storing wallet of your coins

Great to have so many insights which you have given here.
It is really important in my opinion to have a good knowledge which points are valuable to share for newbies to make educated decisions when it comes to teaching newbies basic topics about Bitcoin. It is always easy to make a beginners mistake but it is also easy to avoid it if you know about what is essential to know.

My advice for newbies who are about to join or just joined the space is to take things slow and and don't go all out at the beginning, do your own research, and never invest more than you can afford to lose and also don't be gready and be patient. Patience is one of the qualities of a successful investor. Don't get caught up in the hype, and focus on learning the basics before making any big moves. Be patient above all be very vigilant and learn how to secure your wallet and assets and you'll be off to a good start.
Cryptocurrency space is a very risky and dangerous place so it is also important to know about the dangers.

Patience is the crucial one for me though.

Well I have kind of come along way in crypto-currency generally even if I am not considering myself as amongst those who can be called early bird but so far I have gathered some experience but I would really love to advice people on this one.

People in Nigeria usually have some misconception about Bitcoin or Crypto-currency and even if you do your best some Nigerians are still prone to getting it wrong and hurting themselves.

This advice is for those who tell people about Crypto-currency, I will say that you guys should not fail to put a disclaimer, let them know that they have the final decision and and thing that goes wrong you aren't liable.

mine is:
Security is required before accumulating, stay informed

Online and physical security are so important in order not to be accumulating and for someone else to steal or take charge of your coins. Mine is broad, it cover every aspect of ]security: not your key, not your coin, phishing scam, social engineering, robbery, etc.

These are what many have suffered and many also will suffer ironically base on an ignorant or unfortunate decision, God help us. Continually staying informed is one way to prevent losing your coin, which is totally painful. Good security is the only way to live with your coin because the internet is a scary place and so as offline as well, if you fail to do the needful for yourself, loved ones and coin protection.

This is the first and foremost thing every crypto enthusiast should know about because this is what guarantees the safety of one's assets, as it tells more about the activities of the third-party exchange. 

Another thing that is very important for newbies to know is that they should avoid clicking on links they have no idea about. Avoid PMS with links from an unknown contact they know nothing about, ads these days are not worth it, as the majority of them are traps with malware that could steal personal information when clicked and downloaded.

Keep your portfolio a secret, and not everyone should know your asset value, otherwise, you would become a target for kidnappers or armed robbers, as seen in society lately, where crypto enthusiasts are attacked, kidnapped, and killed.

Bitcoin is the top project in cryptocurrency space, we know it's importance already because we're not newbies. I get acquainted with every possible sectors of the space. What we need long and short term in cryptocurrency? We're confident and always open for new opportunities, knowing the dangers and risks involved. Making crucial research in cryptocurrency before hopping on any crypto project. We should always take proper stands to ensure we're reaping gigantic profits for ourselves.

My little advice is: Give people the right knowledge about Bitcoin.

Bitcoin is a digital currency that we all know. But how much do those who are not involved in the forum know? Most people in the world still think of Bitcoin as a scam. In the society where I live, people think of Bitcoin as a scam. There was a time when Bitcoin could not be so popular. Then some people invested in it and within a short time the price of BTC dropped, so they got scared and sold their holdings and suffered losses, due to which they started thinking of BTC as a scam from then on. I want us all to break their misconceptions and reach the right information about Bitcoin.

My little advice to everyone is to wait a long time without being afraid of Bitcoin's volatility, you will reach your goal. And help those who are afraid of Bitcoin overcome their fear with correct and true information.

Why do newbies invest in cryptocurrency? They need to understand where they are actually ready to put their plans carefully. How does it work? How is it different from real investment? Newbies are confused about their investment if it is lost or they buy the wrong coins. There is a huge difference in their intuition about investing. In this, I have some suggestions and some solutions.

Newbie investors should avoid volatility because cryptocurrency is actually volatile in terms of value so you should stay calm. Try to immerse yourself in realistic thinking. The desire to get high profits in a short time should be forgotten forever. If you want to get high profits you should make through hard work. Market review should be the best choice (Bitcoin) for choosing the right coins. Before you start, you must verify it and decide before accepting the advice given by others. Do not close your eyes.

Learn to take responsibility for your assets and have confidence in yourself before making final decisions. Withdraw from trading, it will eat away at your capital and can deplete it. Learn to be a long-term investor, your capital will reward you.

Not your keys, not your coins has been echoing in my ears since i came to know about bitcoin and get to join this forum. When you don’t know about this ‘not your keys, not your coins’ phrase, you’re at a very high risk of losing your money to scammers or those you make it openly to.

Another advice newbies needs to know is that one should invest in bitcoin what they can afford to spare to invest. I will not say what they can afford to lose because bitcoin investment will give you good return on your investment and that has been checked to be true since the inception of it.

There is no free Bitcoin on the internet There is this unending trend of people displaying all sort of cash, brand new cars to convince people that doesn't know much about Bitcoin and ask them to invest in them as they are some kind of Bitcoin investor or help them double their Bitcoin investment, this has been rebranded to many fraud in crypto space. You even see people give 300% on their Bitcoin investment when it's literally no free Bitcoin on the internet.

Another delusional practice is Bitcoin mining that some website makes people does all kind of things telling them to mine Bitcoin and do all sort of task by giving them sats in return. By the time you have make them share and like 200 posts and even do some engagement, you will wouldn't be allow to withdraw because there is no free Bitcoin on the internet, nobody is given you free Bitcoin for doing any kind mining or joining website from connect your phone, you battery will die immediately.

My best advice to newbies coming to the space is,

Be sure to have many streams of income before considering long term investment in crypto, failure to do so will result in the investor selling off his asset repeatedly until he missed out the profit yet to come.

Your advice is a pretty interesting one because having ownership to your keys is what makes them yours else someone else will temper with your assets. I have read almost all the advise here and they are all good advices too.

The advise I have for newbies is to try and follow the advises shared by others because these advise are based on  their experience. So I advise all newbies to not neglect the advise of others.

When you're new to something listen to people with experience. They've learned from their mistakes and can guide you. Following their advice helps you to avoid mistakes and learn faster.

The "Not your keys, Not your coin" is a very important advice for any newbie that comes into the cryptocurrency world, especially for those who undermines the importance of safety and security in the cryptocurrency world, which happens to be one of the most important aspects of everyone's journey in the crypto world. Inasmuch as there are also other essential aspects of the crypto world, the security and safety of your assets should be paramount to every other thing.

Another important advice ioo also give to newbies is to avoid any coin that isn't Bitcoin. Yeah because most of the tokens that have currently flooded the market are nothing but over hyped nonsense, and newbies often end up falling into these quicksands and finally, they end up seeing themselves holding the bag.

My advice always anchored of life generally as a risk and too risky not to take a risk, not withstanding one should not wait until becoming Mr  late happens to you before one step in and doing what one might done before always brings in rush which don't always go well. Another one is the danger of not making a research and only depends on what you hear from friends can bring blames, one should know what he wants and what is going into because many believes more on quantities rather than quality.

My best cryptocurrency advice is still the same as the one I gave on this same thread (https://bitcointalk.org/index.php?topic=5544756.0) in the beginners and help board

Here:
- Know what is important and what is not and focus on what is important.
- Knowledge applied is power but you have to get the right knowledge first.
- Stay as anonymous as much as you can. Your safety depends on your privacy, guard it.
- You can learn about cryptocurrency from anywhere. Do not let anyone ask you to pay them to teach you about it when it can be acquired for free.

Your advice is indeed a nice one, but this aspect of investing with what you can afford to lose is not that important in bitcoin investment because in bitcoin investment you don't invest with your pocket money but from your discretionary income so the word investing with what you can afford to lose is mostly use in terms of shitcoin investment, trading, and gambling but not in bitcoin investment. And yes, is very important to make research before investing so as to avoid choosing the wrong coin. However, My best advice regarding cryptocurrencies  is to ensure that we have the basic knowledge about crypto currency before investing.

This advice is not complete to me. If you don't add the security part to the advice you issue out to newbies, you need to also make them understand that buying and selling bitcoin or buying and holding bitcoin is not the only thing for them to do; they need to learn about how to protect their wallet when they buy their bitcoin. They need to know the danger of exposing their wallet phrase to others and how they can carefully protect themselves from scammers and hackers who are all over the internet looking for victims to steal from.

The security part is integral and essential for new investors. Before starting cryptocurrency a guys should know how to protect the invested cryptocurrency and after proper consideration, choose the best crypto. In every aspect of choosing an online wallet and storing crypto there, it should be recommended to seek the help of experienced investors. Neglecting to write down the wallet seed phrase and keep it in multiple places can be a big mistake for those investors. Due to the lack of a personal security layer, countless wallets have been lost from them in the past. My friend had crypto investment left in his cell phone wallet but due to carelessness, the phone was stolen and he could not recover his wallet. If he had the wallet seed phrase he have been able to get it back. I think many such investors have lost huge amounts of cryptocurrency due to carelessness and inexperience.

Learning, always act like you don’t know learn everyday, and do not be greedy in this crypto world greed has made a lot of lost their coins.

Sell when it is right, but when it is good

It's very unfortunate for newbies to think of investing in cryptocurrencies without knowing the risks and obstacles behind it, it's also very advisable for a newbies to focus on studying and a self researches about cryptocurrencies, cryptocurrency is not a quick earn money because the market can fluctuate at any moment, so when you hear someone said, he bought his Bitcoin at rate of $20k and it's now pump to $100k or more than! That shouldn't make you happy to put all your hard earned money into cryptocurrencies, my advices are:, know your worth before investing in cryptocurrencies, invest what you can afford to lose, never follow any advices from a strangers, get a reliable source of information and do well to go for your own research..... Dont be deceive by anyone, cryptocurrency is some you don't rush or jump into any investment calm yourself and focus on basic aspects of cryptocurrencies.
In addition, to see an HOLDs today, it's not a day job; patience, resilience and intentions are the scene. Learn from experienced superiors.

My best advice for any cryptocurrency is to avoid trading because of its high risk involved and don't involve yourself in the cryptocurrency you don't understand, instead learn and understand it before going into it, instead of trading, invest in Bitcoin for it is safe and less risky.
Know the difference between Bitcoin from other cryptocurrencies for all cryptocurrencies are not Bitcoin.

Very solid advice and one that we have encountered numerous times but yet we keep deaf ear to, keeping our crypto in centralized platform is a no because of the so many cons of centralized platform. Exchanges are one of the platforms that newbies use in storing their crypto and that's a wrong move by thm but they won't learn their lesson until they lose accessibility to their crypto. My best advice is " if it seems unrealistic then it is, when it looks like a scam, it usually is a scam. I have used this advice to avoid several scams that I would have fallen victim too if I hadn't known to be watchful of the projects that I get introduced too.

Although, we no fit totally avoid exchange as far as cryptocurrency is concerned because we go need am to do one or two things but na very big mistake for person to use exchange as their primary storage for their digital asset. Presently, I dey experience the same thing with Bitget as dem denied me access to log in to my account after I changed device. My account is already KYCed but they are requesting for a new KYC documents whenever I try to retrieve my account as if it is a new and fresh account I want to register. The good thing here be say I no get reasonable asset inside that worth much if not my own Don finish be that. Tru tru, we joke too much with this "Not your Keys, not your coins" until we fall victim before our eyes dey open.

My best advice is for newbies to always invest money that is left over or money that is in reserves because don't use money that is ment for solving problems or money that is supposed to be used for running the home to invest thinking that it will bring profit to you in a fast way that is wrong so people should always use Dollar cost Average (DCA ) or systematic investment which involves using a fixed amount of money to be used for the purpose of investing over a time interval which to me is cost and even economy friendly so newcomers to the crypto space should learn this because it will be helpful to them

My advice as regards crypto is that one should learn properly before investing in any project. The reason for this is that the market is very volatile and due to this volatility a once wealthy investor can loose all of his assets overnight and become a pauper if he lacks the right knowledge,patience andstrategy. This advice goes to everyone both the newbies as well as even the professionals in the crypto space, lets always ensure that before you put in any dollar or naira in a project, take your time to understand what you are investing in, make extensive researches if possible. Don't assume that you have known it all. For me I believe that no one is a master in the cryptocurrency market, everyone is still under the process of becoming.

And also security is very pivotal in the crypto space. Let's always be very intentional about how we store our seedphrase and also where we store our assets. Our seedphrase should always be stored offline and not digitally, cos I have seen situations whereby people's phone get hacked and all of the informations therein are being stolen.  And also if one wants to store his assets for a long-term he or she should consider doing so in a non custodian wallet. This is because exchanges are more easier to get hacked, no matter how big and popular it is.

Finally, one should always have or a plan/goal, and this goal should clearly be defined.

The advice I fit give a newbie nah be say to avoid to store him funds for centralized exchanges as any small wahala, him funds don go be that.
Also, when you don pick interest to invest, go for those currencies wey get value and not those shit coins wey look like them get promise but no get assurance of longevity because if e suddenly crash, nah you go go run loss.

Another important advice I go drop na to make sure to do your research as that one nah the basic thing a newbie suppose know before him begin him journey as nah who know road wey fit avoid some certain accidents.
     
         

 
       
                     
                                             
           
                                                                                                                                                                                                           

My best advice is to do your research before investing and lower your expectations and invest with discretionary money. For example,

If you do your research before investing, you will know where you are investing and what method you will adopt for your investment.

If you can lower your expectations after investing, it will be much better for you. When you have expectations after investing. For example, if you expect that your investment will make a profit with your investment or that your investment will make a profit of $5 or $10 with your investment. In that case, if you see a decline in the market, you will get scared and you can sell your investment. Try to reduce your expectations as much as possible.

You should never invest with your urgent or necessary money. Because if you invest with the necessary money, you will get scared when you see small declines in the market. When you invest with the necessary money, if you need that money and your investment goes down, you will have to sell your investment at a low price. So you should invest with discretionary money.

 Yes regarding cryptocurrency before investing as a newbie the best and foremost thing you should do is having a basic knowledge about the whole space.
 Having basic understanding is very crucial for newbies before they start any investment because having basic knowledge about crypto will help you know how to make right decisions at the right time and it will help you overcome your fears and know the proper risks taking strategies.
 
 After having basil knowledge about crypto I’d advice you to gradually continue to research and know more about it so that you should also become a pro and so you should achieve success.

This is a nice advice ngl , Not your keys - not your coins . Is very painful that after all your hard work you endup losing your funds due to improper storing of your coins , we should know the role of an exchange and that of a wallet . You purchase with exchanges and store with wallet (noncustodial).

The advice i have for folks is “to take things slow , And enjoy the process “ . We can use this advice in this space and other aspect of life. Always know that there’s no short cut , take your time to build a better foundation by learning , researching , asking questions and stuff. Because the learning phase is the journey and the result is the Destination ( being successful and stuff) . If you try to play smart by trying to skip some important stuff you will only delay your self , take your time build yourself add to your worth because value attract value , when you are well packaged you be ready to grasp any opportunity that comes your way .

What do you mean by investment education? It is very important to have knowledge about where you are investing. You should do research before investing whether you are investing your valuable money in the right place or in the wrong place.

What do you mean by Dhoni, is investment only for Dhoni people? Investment is long-term like 8 to 10 years. You do not trade, that you will lose your money. You are buying Bitcoin with your valuable money. If the price decreases from the place where you are buying Bitcoin, then your investment will continue to lose, but you will have the Bitcoin you purchased, when the price of Bitcoin increases from the price you purchased, then your investment will continue to profit again. The risk in long-term investment is much less than in short-term investment.

Before planning to diversify your portfolio into something huge,you should not divert your attention from a digital asset like Bitcoins,though there are other different type of digital assets but crypto is the one that i can guarantee you of,it is a swift and smooth kind of investment one can ever think of to indulge because irrespective of the ups and downs or market manipulations,you will definitely leave the market with profits if you adopt a good investment strategy.

It is an asset that cannot pushes both old and new investors into panicking and it will certainly assure them of huge returns in future.
Bitcoin does not assure any investors of quick returns in a short period of time, as such patient,consistency and perseverance is the watchword.
Don’t be deceive, bitcoins does not promise any profitable potential investors of any huge profits in a short time,unless you’re thinking of something else but not bitcoin.

I believe say this life no too hard if as an investor or individual you can be doing the right thing at the right time, that's why if I wan advice anybody about investment in cryptocurrencies generally, wetin I go tell the said person is to think security first before investing, how will you protects your asset, where it will be stored etc because nothing bad pass say the small coin you don try gather some where, person go just steal am, so a new investor in cryptocurrencies must think security first before anything else.

I am glad to hear that you want to think about security. But we did not like your advisory behavior. You are still a new member, but your behavior seems to be experienced. I would like to give you a little advice: first learn about cryptocurrency, keep it to yourself, and then advise others.

Yes, that is exactly what you mean. There are many different tokens and coins in cryptocurrency. If you or any of us invest in shitcoin without knowing it, we will face losses. On the other hand, if you invest in Bitcoin in the long term, you will definitely benefit.

But if you want to be a trader, then I have no words to tell you about investing. I hope you can make the right decision with the right information about Bitcoin and cryptocurrency.

Thinking that a newbie knows nothing is one big mistake most of you guys usually makes, or do you think that you know everything in this crypto industry that you don't need to hear the opinion of a jnr member?
Make I clear you guys man, I dey new for this forum no mean say I be novice when it comes to cryptocurrency, I don dy trade the forex market since 2022 so I know say this digital space na one area wey if you lose guard on your security, scammers go use you shine, true true say you fit no need the advice but another person fit need am, because we as individual no know everything.
Thank you and may God bless you.

You are right, we need to be careful from our point of view to not appear as lecturing towards Newbies, wo still can have huge knowledge about cryptocurrency. Not every Bitcointalk Newbie is a newcomer to crypto. We need always to be welcome and friendy to Newbies here in Bitcointalk.

In addition,

We mostly appear being anonymous here, since no one knows who is who, but its something right that we only try to maintain a high level of pedigree to earn regard and also give it back to others, contribute well base on what we have information about and provide with every necessary suggestions needed, this forum is such a large community we can discover many potentials and opportunities in cryptocurrency.

Thanks for being so clear about your experience. Yes, I made a mistake here, I thought you were new. But when you made your post, anyone would have thought you were a new member. Because you didn't mention your experience then. I hope you understand what I mean.

I try to be very careful about security, because I have been cheated by scammers several times before. I have been a victim of hackers in various ways. So I know very well how important security is in the digital world.

I have repeatedly requested everyone to be careful about security and will continue to do so in the future.
And thank you very much for pointing out my mistake.

My best piece to anybody that wants to invest in crypto is,
First understand that it is not a get rich scheme as some individuals might have projected it over time which means you should do a proper research on the project you are about to invest in, let the decision be yours after the research and make sure the money you have invested wouldn't be the reason you end up in the hospital if things doesn't go your way (invest only what you can afford to lose).

Most times members of this forum should be rated based on the content they present because most of the time we tend to misunderstood the rank to judge newbies whereas some newbies to Bitcointalk are already pro in Bitcoin knowledge most of them being successful traders who have exhibit deep understanding of Bitcoin and the ecosystem of the entire cryptocurrency space and for such could give out such related advice that not even a legendary Bitcointalk members can offers.

As a newbie what I personally want to care about is how to protect my newly bought bitcoin in my wallet. Security of my bitcoin should be my first priority because if I have to lose them to scammers or due to my ignorance I will be very discouraged to buy more as a starter. With this reasoning as a newbie I am convinced that every newbie should be made to know about security of their bitcoin wallet, how to secure it after purchasing their bitcoin . Because that's another responsibility after owning some cryptocurrency.

Before investing in cryptocurrency, beginners should definitely know what cryptocurrency is and how it works.
Cryptocurrency: In one word, we can say that Cryptocurrency is a digital or virtual currency that is secured by using Cryptocurrency or Crypto graphics encryption. Cryptocurrency cannot be controlled by any country's government or central bank. Cryptocurrency is decentralized and operated through blockchain technology.

Before investing, a new person should take all these steps, which will reduce the investment risk and can lead to success. need to know well what Cryptocurrency is and how it works, a little bit about that has been described above. gain good knowledge about wallets or exchanges. get information about Bitcoin from the official website. It is better for a new person to start investing with a small amount of money. It is better to invest with a long-term plan, this reduces the investment risk and can lead to success. to achieve success by investing in Bitcoin, you must be patient because patience is the key to success. Remember one thing, investment is a risk, but it is possible to reduce the risk with the right knowledge and strategy. success can be achieved by investing patiently and with time.

True matas, the koko be say, make sure say you dey in control of your security, and also learn as e dey go, because information is power, and the power of information is in the person that carry it not the position or status of the carrier, so make we no dey think say person new for forum no new for cryptocurrency some of us don tey for this game, as far back as 2015 na him we enter forex too before cryptocurrency and now, we no fit stop learning thos forum na just discussion space and anyone fit run the information were go legit take help another person.

Btw the best way to learn is to read more than you write here in the forum and dont rush to judge other forum members regardless of they ranks.

You right it's important that we always diversify our investment by spreading it throughout different assets that can be of high market value which can bring you return this is important because it's not always advisable for anyone to dismissal all his investments in one place because when there is an emergency it may affect the investor in a great way

Doing a proper research is one thing that is will be of help again to newbies because their understanding of crypto is tired down to the amount of information that they expose them self with so they should always read about crypto related news and always ask questions as it will be helpful to them

From my personal experience, I say never do anything you have no knowledge about, first know and learn about it and then start. Never invest your hard-earned money or assets that you will be in danger of losing in crypto. Of course, use a trust wallet or hardware wallet to store your crypto and passwords or seeds properly. Be patient because the chances of profiting in the long run are high. It is best to buy and hold Bitcoin for the long term for the future according to DCA. These small investments will turn into very big assets after a while.

I would be bold to say, you can lecture me!

It doesn’t mean I don’t know a thing or two about Bitcoin or cryptocurrencies but, you might have an interesting way to put it which might be entirely new to me or even better than the way I have always known it or would put it. At least, what I feel I know, I would share and if it results to what I need to pose some contradicting arguments on, I would as well and not because I want to argue and be difficult but, because I want to learn from it.

Even newbies have got something to teach you know. The ignorance of those who are learning can bring the spark that question which would lead to intelligent discussions and discoveries.

You are right to consider this your best advice. It's fundamental in the crypto world, and it's precautionary as well. I couldn't imagine how daft some people are "crying foul" online with exchanges seizing their $300k, $500k, $1m, and even more. What were they thinking to have entrusted such huge amounts to a custodial arrangement?

I guess we are learning, and we should continue to learn this way, which makes me add the "DYOR" (Do Your Own Research) advice.

Best advice way I fit give anybody including my self "never give up on bitcoin because his a life changer".

Secondly, always have a goal or target while investing in bitcoin and the sky will be your start point thank you.

My best advice to newbies is to avoid shitcoins, do your research always, be informed, take Bitcoin serious and The DCA, if you want to be in the crypto currency space I suggest you do your findings properly before you start because this space isn't for the fainthearted, always double up your security game as there are scammers everywhere so you have to be on the look out. Always double check everything and be smart and vigilant. 

True talk, because time wait for nobody and the earlier people understand that, the better for them, because even if they grab the opportunity yesterday, today or tomorrow, anything wey for happen for still happen and they go start to dey blame themselves if the opportunity no dey there again.
And e go make sense if people understand say nothing in this world wey no dey risk taking, as far say na better or legit benefit dey come out from am, na risks follow am and if person really won make am for life, na for them to face their fears and enjoy themselves later on or loose the opportunity and regret it for the rest of their lives.

You're right there are people who confuse the two trading and investing are two different things many people are scared of going into Bitcoin investment simply because they see someone who has closed money from trading in crypto or even forex so getting a good understanding of what you are going into is key as it will help you to know exactly what crypto currency is all about

While your advice counts and is seen as important, my best advice would rather be: make sure to do your own findings (research) before investing.

Please don't depend on hype or what someone else say online, know the project, understand it, the risks and how the system functions, this will help you to make wiser, more reliable decisions and overcome being victims to scams or unproductive or unprofitable investments
Having a great knowledge of the storage or rather savings pattern could aso be of help too.

The best possible advice to give a newbie in cryptocurrency is investing what you think you can afford to lose and never buy any coin out of popularity or without fundamentals.

Don't think the crypto space is a "get rich quick scheme" and expecting immediate returns on assured profits but rather consider it as investments that could either profit or lose with the right entry and information.

When you say the right entry what do you mean? The I think as a newbie all your focus should be in Bitcoin investment, don't be a money monger, start your investment, just know that you are into an investment thats long term type, so once you are into Bitcoin investment, your focus should be how to build your portfolio to the level of your satisfaction, don't divide your attention with the news of those o we hyped shitty things out there called memecoin, you'll hear or see something like diversification into other shitty things, another thing you will hear is don't put all your egg in one basket but I advise you and other newbies to avoid such statements, don't even fall for them, people that are talking about diversification might have gotten enough Bitcoin in their portfolio as such they may decide to try other stuff with a small amount but don't giving in for such, that's my advise.

As a newbie that is new in the game all you be craving for is to know more about what you are about to put (invest) in your money and how can you do that is by making your own research online, linking up with experience bitcoin expert to learn more from them. Secondly,

Have it in mind that bitcoin is not a get rich scheme or a fast money making machine that you can just jump in and get wealthy over night,  due process must be observed step by step, you must know the basic format and techniques when investing in bitcoin.

Most importantly, always invest with your discretionary funds (cash left after all bills been settled) so that you wouldn't be fasle to temper with your investment when financial issues arises.

Yeah you are correct, as a newbie you need to know what you are about investing your money into very well, and yes just like you said making your own research online and also linking up with those who have more knowledge about cryptocurrency, doing an online research for yourself is very important some newbies get into cryptocurrency without doing a proper research about cryptocurrency investment and that made them have some issues that lead to losing a lot of money some even got angry at some point and stopped investing.

Yeah you are also correct Bitcoin investment is not a Ponzi scheme where they tell you to invest today and get your huge amount of profit in two weeks time, in Bitcoin investment you have to buy and then hold for some years except you are a Bitcoin trader which is very risky, I will advise every newbie to focus on accumulating Bitcoin and holding for long term than engaging in Bitcoin trading.

Yeah when you are investing in Bitcoin you need to use only your Discretionary income, if you go beyond that then you will get into a financial problem, because if you use your money meant for paying your bills to buy Bitcoin what will you then use to pay your bills so use only your Discretionary income to accumulate or invest in Bitcoin.

My humble advice to the new beginners is that cryptocurrency is not a place to make money overnight, it normally required time and patience. And they should only invest the amount that they can easily afford to lose because cryptocurrency is highly volatile, and also having the basic knowledge first before thinking of venturing into anything investment is always the best way for newbie to explore the market without panicking.

My best advise I can give to a newbie is;
Invest with what you can afford to lose (when it comes to altcoins), while with all you have when it comes to Bitcoin.
Never take loan to invest in cryptocurrency (Bitcoin or altcoins).
Always invest for the long run (Bitcoin).
When you have succeeded to invest in any crypto asset (Bitcoin mostly) take off your attention from it, to avoid wanting to withdraw when the market is down or take profit when it is not due.

My best advice about cryptocurrencies is to keep learning and experimenting because it is largely true that cryptocurrency is very broad, it is necessary to first determine who will be involved in which part. In the case of trading, it can be said that it is better to first learn to analyze the market, then it is better to choose the right coins and it is better to abandon shit coins. However when it comes to investing, everyone is advised to start with as much as you can afford and strengthen the security of the wallet where you intend to build a portfolio. Moreover it is possible to move forward with prudent income in Bitcoin investment, my idea perhaps all of this depends on the best way to explore the market and how curious they are about cryptocurrencies.

My best advice to both newbies and experience investors, because even while some investors are experience, they also makes some mistakes that newbies normally do. So this word of advice can also help them too.

They should first get the basic knowledge and understanding of cryptocurrency and how it operates, through the means of researching and asking questions on the areas they don't understand.

They should always start with a small the amount, to avoid much losses just incase the market volatiles or fluctuates and also try to invest for long-term, for it will beneficial to them when the time is right for them to use it.

They should always stay informed about cryptocurrency, in order to be able to differentiate real from fake, so that they won't fall a victim in the hands of scammers or they can ask questions to any experienced investors if they are told to invest into crypto they don't know or understand about it. For it will also prevent or help them from being scam.

Abiding to these instructions will help through the journey of cryptocurrencies, both the benefits and the risks involved.

In bitcoin accumulation, there is no "right entry". The goal is to have as much bitcoin as you can acquire and go for a long-term holding plan, so with the right mindset, every entry point is a good one in bitcoin accumulation and you should plan to follow up your buying periodically as long as you've discretionary income present.

It is also good that you apply accurate cashflow management practices in bitcoin accumulation in order not to use money meant for your expenses to buy bitcoin, nor neglect building out your backup funds like emergency funds in order to protect your investment from being tampered at a time that is not of your own choice.

As someone who is new to cryptocurrency and the person knows nothing about cryptocurrency, and for the person not to make a mistake in using a centralised exchange to save his cryptocurrency, believing it is safe there, I will advise the person never to use a centralised exchange to save his cryptocurrency because he is not in total control of his assets, and he can lose his assets if the centralised exchange he used to save his assets is hacked or if the centralised exchange decides to run away with its customers assets.

That a good idea " not your keys, not your coins"  This is very important for anyone that is coming into crypto investment to know more especially newbies. So as for me the best advice I would give to anyone that wants to invest in crypto is not to invest more than what they can afford to lose. There are risk associated with crypto currency morespecially due to it's volatile nature so it can't really be speculated correctly. Also it will be unwise to allow our decision as regards our investment to be based on emotions and impulses. Before reach to any decisions we should make proper research to avoid making unnecessary mistakes that make affect or expose our investment to a great danger

Most of us in today don’t really use cryptocurrency for what it is but rather, focus on having your use it for a store of value which is actually one means to use it but then, in all means that we might employ to its utility, I’ll advise we ensure to stick with its core values which centers on decentralization and anonymity. You just have to understand that Bitcoin would always remain Bitcoin but, how you choose to use it makes a lot of difference too.

Make sure to have a reliable source of income if possible make it more than one source. Don't rely solely on cryptocurrency for a means of making money because it's a volatile asset we are dealing with. A lot of persons make the mistake of abandoning their initial source of income probably due to as they got into crypto they were lucky to enter in a bullish season and made some profit not knowing that the bearish season will be here after the bulls.

Good advice. Don't also forget to always tell them the importance of security and how they can also lose the little they invested if they are reckless with how they protect their seed phrase, and they should also be very careful about which exchange to choose and which one not to trust. Even when someone invests a little amount, they still feel the pain if they lose it without a means of recovery.

You are giving the right advice and I agree with you. You should have a planned investment concept and tolerance for risk to use  valuable capital properly. New investors want to see one side of a coin such as its positive or profitable but they do not want to face the reality about the back of the coin. For them, it should be made suitable for investment by conveying the basic idea of ​​a thorough analysis of each aspect of investment so that they can accumulate and profit from the right coin in the future.

Long term investment and tolerance should be combined with discretionary income flow. Regularly buying the right crypto and expecting to get extra profit should not make oneself greedy. Long-term investment is valuable for a sustainable financial system rather than short-term trading. Gaining the ability to estimate the price of crypto for investment is valuable for an investor, so one should continue to buy regularly and stay connected to the market and gain experience in finding multiple sources of income.

My best advice about cryptocurrency is to take your time and choose the right coin wisely before investing. Many newbies, either without understanding or driven by the hope of excessive profits, have chosen to invest in Shitcoin, only to find within a few days that the price of Shitcoin has slowly started to decline and is not expected to increase in the future. It is a coin created by fraudsters. Fraudsters bring different coins to the market and their prices vary. Many new investors start investing without checking the coins and think that it is possible to get rich quickly by investing a small amount in Shitcoin.

I think their decision or plan is completely wrong because cryptocurrency is not a get rich quick scheme. You should make a very careful decision before investing in cryptocurrency, one wrong decision can cost you all your money, so it is wise not to invest in shit coins. It is true that we do not know anything about the future, so start investing in crypto with some coins that have the potential to make a profit in the future. To be profitable by investing in cryptocurrency, it is wise to have specific knowledge, market analysis, strategy, long-term investment plan, and wait patiently for the right time.

Most people see cryptocurrency primarily as an investment vehicle or a means of profit. However, its real power lies in its fundamental principles, such as decentralization of currency, complete privacy, and the freedom to transact without any reliance on third parties. This vision works in favor of individual freedom, financial sovereignty, and digital technology. Rather than just holding or trading, we need to use it for real transactions, protect our assets at our own risk, learn security, and uphold its ethical foundations.

Any newbie that will embrace dis advice of invest what you can afford to lose in cryptocurrency investment will do well in d nearest future, and it will make such newbies not to be foolish by investing what dey can't afford to lose. Don't invest all your money in bitcoin no matter what u hear from outside dis forum because is not advisable for newbies to invest what dey can't afford to lose in bitcoin, don't ignore bitcoin to invest in altcoin no matter d speed altcoin is in d market, many newbies have made that mistake in d past before dey realized that bitcoin is d best coin among other coins in d market that is more profitable, and wen u buy bitcoin and hold for long term, it will create opportunity that will make u earn what u have not earn before from altcoin.

When it comes to cryptocurrency as a newbie there are allot of things we have to consider that a newbie needs to know about, so my best advise that i can give to any newbie when it comes to cryptocurrency is that any newbie should always invest with the amount he/she can afford to lose and never borrow money or take a loan from any where all in the name of investing, because there too much risk that is associated with crypto since it is fluctuation in nature, it will not be pleased taken unnecessary decisions without knowing all this as a newbie.

My best advice is: Always leave a moon bag.

Yeah, even though I nor see myself as qualified to give anybodi any financial advice, I sey make I throw dis wan in. Na something wey I learned from experience. If u dey sell off any of ur crypto investments, dey try leave something behind. No sell off every every, especially if na utility based project. Dat small thing na im we dey call, "Moon bag".

Of course! Every investor should not sell the entire portion of their valuable investment if they are in dire need. I think I understand your point. We should try to keep the crypto we are going to accumulate for the long term and if our accumulated holdings reach a decent level then do not sell unless absolutely necessary but if we absolutely need to sell then do not decide to sell more than necessary.

This means that more urgent needs than the current emergency we are selling crypto may come back to our lives. For that we should accumulation continuously and take care of the holdings while there is a source of discretionary income. Or we should continue to invest for the long term until retirement if we do not need to sell for urgent needs. And this can be the "Moon bag" for tiny investors like us.

A lot has been said already, and looking to say a different thing to what others have already said is a bit difficult actually, but the only advice I can give to anyone that just want to start accumulating Bitcoin is waiting for the dip before buying is not the best way to accumulate Bitcoin because by waiting, you may miss a whole lot of buying opportunities, and we all know that Bitcoin investment is still very early and it is no where near it peak price, so their is a higher probability that Bitcoin can go as high as a million dollar, so any price you can get it now is very good because those that bought at $69k during the previous all time high was thinking that they bought at the top, but fast forward till today, that price is a bargain price now, and that is how this current price will be in a few years time from now, so stop wasting time and buy once your discretionary income is available.
Lastly, try to accumulate as much stash as possible, because the stash of Bitcoin you have is what's going to determine how successful you might be in the future.

Based on my experience with cryptocurrency so far, I can say that we should all give Bitcoin our first and foremost priority as cryptocurrency. In addition, you should gain a sufficient understanding of all these topics, including the Bitcoin protocol and transaction process, from the very beginning. And if someone wants to invest in Bitcoin, then he must have a sufficient understanding of the security of Bitcoin. he must invest in Bitcoin in the right way through very careful fund management. I would like to share one more thing that if someone wants to invest, then he must go ahead with a long-term plan. If anyone invest in Bitcoin slowly and for a long time by following the DCA method instead of investing a large amount of money in Bitcoin at once, he will get good profits in the future and there is less chance of risks. The longer you can invest in Bitcoin, the more profit you can get.

My advice to anyone will simply, avoid or do not buy dreams.

If dreams of cryptocurrency of any kind is sold to you do not buy to it.

My best advice to anyone;
Understand What You're Getting Into, Prioritize Security, Do Your Own Research (DYOR), Most people lose money in crypto due to user error or scams, not price crashes.

Due to personal experience, I go say make you understand the basics first for crypto wey you won invest in. Groom your mind say you fit see lose but nor let am deter you, on a normal your determination matters sha, try do your personal studies on that same crypto project you get insight to invest on and put money wey you know say if you lose am e nor go carry you go back village.

Starting today is the best decision. Hold on patiently, trust in knowledge, not rumors. The market doesn't always wait for the perfect moment. Hold the keys in your own hands.
Cryptocurrencies, especially Bitcoin, are an asset that cannot be beaten by time.

If beginners prioritize knowledge they will get to understand what bitcoin and cryptocurrency is all about, but most beginners are so impatient and all they are so interested about is to make money quick from it.

One of the problem with beginners is they see learning very boring which they don't even have the time to learn the basic things. Most beginners go into cryptocurrency and they don't even know much about the coin they are investing on, if it is reliable and because of how beginners go into cryptocurrency blindly they lose their money massively in investing the wrong coin.

Yes, this impatient of a thing is actually the cause of why most new beginners are regretting till now, without realizing that Bitcoin investment is not a get rich quick scheme. Normally as a newbie having the basic knowledge first before thinking of venturing into anything investment is exactly the best way to make a good investment plan, than putting yourself into more denger just because you want to become rich overnight.

When you mean (Cryptocurrencies) is Bitcoin excluded? Cause I had a discussion here with someone who said that it shouldn't be categorised as part of cryptocurrency but just a digital currency or just Bitcoin.
https://bitcointalk.org/index.php?topic=5546384.msg65648672#msg65648672
 Anyways I still do believe that Bitcoin is a cryptocurrency and my advice to newbies is that if they want to invest on cryptocurrency they should go for the best which is Bitcoin, the rest are very risky and shitty.

It is not that Bitcoin is not part of cryptocurrency but for clarity sake being specific to which of the cryptocurrency that we are making references to is what we should always do to avoid misleading since majority of the newbies in to the crypto world can generalize their potential or assume that they are all the same when they are not, of course Bitcoin is best and has shown beyond doubt to be the best of all, with a more solid foundation where every other coins is like a time bomb waiting for the perfect time to explode.

My best cryptocurrency advise is don't disclose your crypto invest in the public domain because we don't know who is who. Your friend might be your enemy probably because of what you told him. And he might arrange bad guys to come and attack you.
And don't keep you long term investment coins in any exchange unless the coins are for immediate sell out. Always keep your investment coins in non custodial wallets.

Agreed, It is very important to ensure the security of Bitcoin for long-term storage, Bitcoin is a long-term asset, so keeping this long-term asset on an exchange is never the right decision, it must be kept in a safe wallet, exchanges are never for long-term storage of any asset, they are only for short-term buying and selling, so you must be aware of this.

Long-term holding means you have to keep everything private and keep it as safe as possible, and for this, keeping it in a personal non-custodial wallet rather than on an exchange is the right decision.

My advice is to never stop learning, no one is perfect, sometimes we do things that we think he is right but for others it is the not the right thing, when it comes to cryptocurrency, it doesn’t mean you are newbie or you are high rank member and you can come across new things, we can never know 100% about cryptocurrencies, there are a lot of things that you can’t just decide by yourself(some decisions), you need advice or learn how to succeed, we see new things every day that we haven’t heard before or know anything about them, we should always have the mind of learning every day most especially when it comes to investing, learning from those who have experience and knowledge about investing is very important, it gives a lot of confidence to decide what we are going to do and how we are going to do it, we should never be afraid of asking for anything we don’t understand.

The main point here is this if you don’t have the private key, no coin or token truly has any value. A few days ago, one of my friends had about $4K in his wallet. He thought it was safe. It would have been safe, if he hadn’t used it to interact with various sites. Somehow, a scammer got access to his private key. He didn’t even know it, nor did he realize what had happened. Within minutes of depositing the funds, a hacker drained his wallet.

From this, I learned how crucial it is to keep your private key safe. He couldn’t recover it no matter how hard he tried. That’s why I believe securing your wallet’s private key is absolutely essential otherwise, your funds could vanish just like my friend’s.
At last i said, Not your Keys - not your Coins.

Investing what you can afford to lose is a smart step but it's capable of keeping you limited. In gambling the same sentence is being used but crypto is gambling, with the right information it's possible to be in profit and you are only going to benefit more based on the amount of money you invest with. It's okay to use an amount you can afford to lose but for me I prefer to use a substantial amount especially when it comes to Bitcon investment. A lot of people just want to be on the safe side even when they are knowledgeable. Sometimes for you to achieve what you want risks must be taken, you'd remain static if you are afraid to take bold steps

Invest what you can afford to lose, that's a very good piece of advice that people take for granted, it doesn't really  matter your research about the project, new projects are being launched everyday however if you decide to be greedy to get more profit from a single project by investing an incredibly highe amout on that project, you may end up losing big time, if that project rugs before you pull out your money. Which is why we must learn not to be greedy and invest little by little, until the little  becomes too small that we might consider increasing it a little bit.

Using Dollar-Cost Averaging (DCA) is a smart strategy. DCA involves investing a decided amount of money in Bitcoin on a regular basis, not minding its price. DCA helps reduce the impact of Bitcoin’s volatility by spreading out purchases over time. Instead of trying to time the market, DCA allows you to buy Bitcoin always. It's a disciplined, long-term investment approach which helps beginners handle risk and pressure while gaining opportunity to Bitcoin’s future growth.
Also, discretionary fund to support DCA can be part of the magic formula to bypass emotional pressure that comes with trading

The first sentence of the paragraph is more important because if an investor follows the recommendation you have given, it will be a smart decision for him. Some folk take such recommendations gently because they want to own a lot of wealth in a short time and are more interested in short-term trading because they are greedy to get more profit instead of getting a basic understanding of the investment market. I think you should make an investment decision after researching the project in which you have planned to invest. Unplanned investments can often end in failure.

With the advice you have given, invest little by little strategy, an investor can determine a accumulation strategy through discretionary income as long term. This is not a greedy strategy, it will only tempt you to buy regardless of the market price which will tempt you to buying until the specified cycle.

I rather say investors should invest what they can actually afford not what they can actually afford to lose, Bitcoin investment is not gambling here you can say the gamblers should gamble with what they can afford to lose, although I will agree that newbies and some other investors don't stick to this advise because of their mindset, mate if you listen to some person that knows nothing about Bitcoin, you'll understand that it is about mindset, most of them thought that they can come and just boom, they fail to think that it's is all about patience with a good aproch, the greed you mentioned is the reason why most investors fail along the line, the DCA is the master of individual investor achieving a bulky and desired Bitcoin portfolio overtime.

Bitcoin investment is a gradually process we can't force our self to invest fast, or try to force someone to invest on it. Surely you right, the best thing is always invest what you can afford to lose because bitcoin investment is not like other investment that can help you achieve your goal easily. We need to calm down when investing and set our target and wait for the long term. And we should always make some research about what you are investing because we need to know everything about it first before you can probably achieve our goals.

I usually give advice about bitcoin, if you won't be patient to invest for long term and won't advice you to invest because you won't get huge profits in bitcoin in short term, you need to invest for long before you can probably get double of your funds or get some few profit that you can be appreciated with it. Many people that are into crypto for long term have understood how bitcoin investment goes. is just the newbies that just comes new to the market will always find it difficul. But by making research and study more they will always find it easy and do the right thing.

For me I think the phrase " amount that can be afford to lose" is being useful for beginners and not investors who already understand bitcoin.  Now it us important for a beginner to invest with the amount that can be afford to lose because beginners are unpredicted,  you never can tell what decisions they may take or you never can tell what will happen that they can lose their bitcoin due to Scam. Some beginners might even decide to sell out their bitcoin when the price falling and they end up selling their Bitcoin, this will leaf to selling at lose.

And this phrase is also used for traders, because trading is very risky and unpredicted and anything can happen. It is a phrase that is been used for beginners who wants to invest in bitcoin.

Anybody who is going into cryptocurrency should choose bitcoin and then focus on a long time investment plan because there is every chance of making profit in the future even though profit is not guaranteed, invest with the amount you can afford to loss.

Not your keys, not your crypto is a very important part about you staying in control and securing of your funds or assets, which is what differentiates crypto and the traditional fiat monetary system of control. Aside this another important aspect I would advice newbies regarding cryptocurrencies is to do a thorough research on an crypto project before taking any investment decisions. With this you can be able to make informed decisions.

Just like you said, profit is not guaranteed and most people come into bitcoin investment with the knowledge that they will make high profits from it then they invest little amount and hope that the price will skyrocket to the moon so that they will make enough profits. People needs to focus more on investing more from time to time and increase their portfolio instead of thinking about the profits they can get. Let us even remove the profits that can come along while investing in bitcoin, only the security of your assets is even enough.

And especially in the case of Bitcoin investment, you must maintain a long-term perspective. Whether the price of Bitcoin decreases or increases slightly due to short-term volatility during the investment, you cannot panic if it decreases, and you cannot be greedy for small profits. You cannot delay long-term goals for anything in any way, because you will never achieve great success from such short-term profits, and the risks in such activities are very high, as a result of these, your losses will be greater than your profits, so it is necessary to maintain a long-term perspective if you want to achieve great success.

Making a profit from Bitcoin is not a constant issue where you cannot be sure even though your chances are very high because the decentralized volatile price market depends only on supply and demand. If you decide to invest in Bitcoin, you need to keep the profit motive away from greed because most newbies buy short-term to get high profits.

In investing in Bitcoin for the long term, you should continue to save for holding than for profit. I do not agree with the fact that there is no guarantee of getting profit. I think that by continuing to accumulate Bitcoin in the DCA method, you can get high profit from the amount of holding you get. The demand for Bitcoin will be infinite in the future but the supply amount is fixed so it's worth should be increase.

In cryptocurrency,chose a well trusted and value able coin like Bitcoin, not all coins you should go for, coin like Bitcoin should always come first and should be invested in without thinking twice because it has a brighter future and always invest with what you can afford to lose. Read and broaden your knowledge in bitcoin,
 Investing in Bitcoin should your priority , starting with whatever little amount you have using the DCA strategy to accumulate and hold it for a long-term without reasoning to sell at any point in time until you reach your overaccumulation stage.

Beware of scammers and avoid being scammed.

Long term investment is guarantee for huge income earning than short term investment that is only bring out small income to short term investors. As long you have the resources that will fue your financial status to endure for long holding, you will experience good income that will increase your income because long term investors always like to release their bitcoin during bullish season. Any newbies that is not financial strong, shouldn't approach long term investment because it will make them not to exercise patient for long term if fund is needed in their family or at home to solve other things that need urgent solution. As a newbie, start with Short term investment before you can upgrade to long term investment  with much experience from the short term that will make you comfortable with the long term investment to grow financially.

My best advise to anyone who is into cryptocurrency,is that you should not borrow money from anywhere just because you want to be among the participants,use your own money no matter how little amount you May have,so that you can be able to bear whatsoever that comes out of it, whether trading, investment,..

Again whether it's your money please always invest or trade with the amount you can be able to bear incase if there's any loss,.

And please always be contented with the little you where able to achieve while you are on trading or investing..

This is a great idea — Not your keys, not your coins is obviously the best rule any beginner in crypto has to learn first.

My best advice in concise words would be "Invest only that which you know you can bear to lose"

Crypto has great privileges, though it is very volatile. Most people get swayed by the hype as a result they invest what they can't afford to lose, and thi may lead to  panic selling, stress, or maybe financial ruin. Take any and every investment as one calculated risk not something with guaranteed win.

Making research before engaging any project is the right thing to do. Alot of investors are moved hypes rather than self knowledge about a particular  project, and ghat is why they don't  possibly know when to get in and when to get out before the project fails or get rugged. There's  no harm in learning, besides it's the only way we can achieve something close to excellence. Again one of the problems  with some newbies is that they take crypto as gamble where they can make a whole lot of win that can change their lives in just one trade and that is the bedrock of greed instead  options out they'll want to make millions before they sell off and they may not get to their destination before the project start retracing.

My advice to beginners is to consider your own financial situation and not what others think. Most beginners enter investment just by looking at popularity and profit. Before investing, beginners must keep this in mind, there is not only profit but also loss. So invest the amount of money that you think will not disrupt your normal life if you lose it. So it is wise to take a decision considering your own financial situation.

My best advise to newbies like me is to write down your seeds phrase and keep secrets where no one else can have access to,so that you won't forget it and lose access to your assets.and also consider long term investment while chosen.

My best advice regarding cryptocurrencies is multifaceted,but I'll highlight a few key points.One crucial aspect is discretion:many crypto enthusiasts unwittingly put themselves at risk by publicly boasting about their holdings.There have been cases where individuals have been kidnapped and coerced into revealing their private keys.In such cases,the victims often contributed to their own vulnerability by not keeping their investments private.
Secondly,be cautious when evaluating crypto projects not all are worth investing in.Some projects operate like Ponzi schemes,using funds from current investors to pay earlier ones.Remember, all that glitters is not gold;stay vigilant and do your research.