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Author Topic: Things needed for people getting started with crypto  (Read 300 times)
Findingnemo
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January 18, 2020, 07:28:23 PM
 #21

^ the topic blockchain technology is too wide and its really not necessary for someone to start enters into cryptos,all they should know it is not under control of anyone and the transactions happening on blockchain will get verified on different nodes which ensure there is no possibility of hack or anything related to that.

But they should learn about why we need decentralized money to get convinced we should start using bitcoin or other cryptos.

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Magkirap
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January 19, 2020, 02:37:23 PM
 #22

When we started crypto we are looking for things we need for crypto to get started
for me here are only things you need.

  • Small amount of bitcoin to get started
  • Crypto wallet
I would shorten this list to this.
Its because when they see how and how easy is to "send transfer" of btc, they will want to know more after.
They will want it on their own which is invaluable. Its hard to "force" someone to learn bitcoin.
Indeed, you dont need much in order to start doing things in crypto, you can start by those two things, having a wallet with cryptocurrency in it but it is much better to have bitcoin and then you can explore everything about crypto as you go through your journey here, experience is an important thing in crypto for it will make you better and also starting isn't the only thing that needs to happen you also should know how to maintain it.



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dvmmayowa
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January 20, 2020, 09:00:19 PM
 #23

It is also important to note that wallet private keys security is also paramount, the same thing with exchange accounts, always make sure you keep your password well, any bridge in your accounts or wallet securiry may cause a great havoc to you, thank you!!
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January 24, 2020, 01:55:51 PM
 #24

Well, it is important to remember that it is totally easy to get scammed in the cryptocurrency world. So, every beginner need to have some knowledge about security, how to keep their coins and money safely. I recommend you for example to listen what Grant Blaisdell (Coinfirm Co Founder) say about safety in cryptocurrency market:https://www.youtube.com/watch?v=83JnxuUUJ5o.
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