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Author Topic: How do I start investing in cryptocurrency?  (Read 4746 times)
kipikipi
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July 11, 2017, 06:14:55 PM
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Hello guys. Im pretty new to cryptocurrency. So I have read  for about 1 month news and articles about altcoins and bitcoin, mining vs buying crypto, trading and investing, checking each day price of top 10 coins. I do understand that I can not make billions since I should started few years ago. But I really like the idea of crypto and I would like to support / help it by buying / investing some money into altcoins. I dont have enough money to buy bitcoin. Here come questions :

1) Im interested in benefit / result in long term. So I want to make my portfolio low risk. I have read here on forum different opinions like “litecoin is total ***” and that “all altcoins dont have future” and “bubble of altcoins will be destroyed”. As Im pretty newbie on which factors should I first look at? Capitalisation? Creator of coin? Technologie or protocol?
2) Would you suggest to divide my start capital in 10 parts?
3) Is it OK to buy part of bitcoin and not whole coin?
4) Is it good time to buy now coins since almost every coin is dropping in price? Should I wait now or buy after SegWit?
5) Can you please link other forums or websites with helpful info for exploring and learning?
6) And some reliable websites for buying crypto from Europe and online wallets?
7) If I also want to try mining should I start then with coins like litecoin and ripple?
Cool Which alternative is good to programm Coinigy (trading programm) ?

Thanks for reading and good luck all.
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July 11, 2017, 06:51:33 PM
 #2

I would recommend reading more and more and then even more before you start investing. There are so many silly things that can go wrong when trading coins and be converting cash into coins. Just remember to walk slow and when in doubt, read more. There is an uber ton of information online, use it! Cheers! Best of luck!
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July 12, 2017, 03:45:39 AM
 #3

You can definitely buy part of a bitcoin and not a whole coin. There is no benefit to buying a whole coin.

It is difficult to say if now is a good time to invest or not. We'll have to see what happens with Segwit, but long term it is probably still a good investment.
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July 12, 2017, 03:57:45 AM
 #4

There really is nothing holding you back. If I were you I would do a ton of research first but you really can buy as much money's worth as you have!

Start with a simple service like BitStamp or Bittrex for trading altcoins. Start slow and go low!
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July 12, 2017, 04:39:43 AM
 #5

The all you need is more and more knowledge. I dont think you have enough knowledge to start trading. Trading requires a good patience, a good research and also you have to wait for long time for big profits. Trading can also lead you to loss sometimes with a lack of knowledge. I also had many loss. Recently i purchased LDOGE coin at some 13 satoahi and now its price is 3 satoshi. I have to wait a long time to gain my profit now. If you have enough money, you can invest in some good miners. Mining Altcoins like LTC, ETH will also give you good profits.

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Flyyyy
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July 12, 2017, 06:42:59 PM
 #6

There really is nothing holding you back. If I were you I would do a ton of research first but you really can buy as much money's worth as you have!

Start with a simple service like BitStamp or Bittrex for trading altcoins. Start slow and go low!

Investing in crypto currency is a very profitable business. But you always need to read the news and understand the situation on the market. The main thing is to be able to fix profits and get out on time with the profit. Then buy again when the price goes down

omonuyak
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July 12, 2017, 08:37:08 PM
 #7

Op accept the simplicity of trading strategy and buying any coins when the price is low and sell when the price high and you will see alot of coins in your wallet. Many people are looking for high secret of successful traders but conventional trading teach us alot of secret about coins trading. You can also buying small units of bitcoin is not when you have one bitcoin before you can trade.


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prehisto
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July 12, 2017, 09:53:49 PM
 #8

Hi!
I am fairly new to this myself, about a year ago I bought my first Bitcoins and have been interested in cryto currencies  considerably longer than that.

Although I agree that reading as much as you can is the base of every new endeavour one wants to start because information is like material for brain to process and generate ideas and views of particular subject , there is only so much that you can read. I would suggest to go ahead and buy bitcoins or other crypto currencies in small amounts in various websites.

Why?
Because in this way you will be ready for when you want to make a bigger order, will know about the security features and costs of buying and selling.
Also the time it takes for you to buy/ sell the coins.

In other words- get experience buying and selling with small amounts.

Bitsbytes
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July 13, 2017, 01:29:34 AM
 #9

I recommend watching Youtube videos and learn that way and ask a lot of questions in the forums. One Youtuber who I like and he knows his stuff is High Altitude Investing. He's got a lot of interesting and informative videos on investing. 
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July 13, 2017, 07:19:24 AM
 #10

Hello guys. Im pretty new to cryptocurrency. So I have read  for about 1 month news and articles about altcoins and bitcoin, mining vs buying crypto, trading and investing, checking each day price of top 10 coins. I do understand that I can not make billions since I should started few years ago. But I really like the idea of crypto and I would like to support / help it by buying / investing some money into altcoins. I dont have enough money to buy bitcoin. Here come questions :

1) Im interested in benefit / result in long term. So I want to make my portfolio low risk. I have read here on forum different opinions like “litecoin is total ***” and that “all altcoins dont have future” and “bubble of altcoins will be destroyed”. As Im pretty newbie on which factors should I first look at? Capitalisation? Creator of coin? Technologie or protocol?
2) Would you suggest to divide my start capital in 10 parts?
3) Is it OK to buy part of bitcoin and not whole coin?
4) Is it good time to buy now coins since almost every coin is dropping in price? Should I wait now or buy after SegWit?
5) Can you please link other forums or websites with helpful info for exploring and learning?
6) And some reliable websites for buying crypto from Europe and online wallets?
7) If I also want to try mining should I start then with coins like litecoin and ripple?
Cool Which alternative is good to programm Coinigy (trading programm) ?

Thanks for reading and good luck all.


i suggest you visit coinmarketcap site, kindly google it
you can know more o about the altcoin by reading and clicking links provided on the site
yes i agree you should not put all your investment in one basket
yeah its good to buy when its bloody alts value is rapidly dumping so its wise to bid more lower than buying directly
consider coins with big community and continious progress on projects  and those who have trading volume always
goodluck with your trading

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Illiana
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July 13, 2017, 06:03:51 PM
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I suggest reading more on these types of forums and be careful of hackers, store your keys in safe place! Good luck with investing!
TheKingofBubble
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July 13, 2017, 06:25:14 PM
 #12

Buy some bitcoin. I bought my first from localbitcoins and downloaded to my wallet.

Minexcoin — A new era of payments  || ICO || DISCUSSION[
prehisto
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July 13, 2017, 09:54:57 PM
 #13

Hello guys. Im pretty new to cryptocurrency. So I have read  for about 1 month news and articles about altcoins and bitcoin, mining vs buying crypto, trading and investing, checking each day price of top 10 coins. I do understand that I can not make billions since I should started few years ago. But I really like the idea of crypto and I would like to support / help it by buying / investing some money into altcoins. I dont have enough money to buy bitcoin. Here come questions :

1) Im interested in benefit / result in long term. So I want to make my portfolio low risk. I have read here on forum different opinions like “litecoin is total ***” and that “all altcoins dont have future” and “bubble of altcoins will be destroyed”. As Im pretty newbie on which factors should I first look at? Capitalisation? Creator of coin? Technologie or protocol?
2) Would you suggest to divide my start capital in 10 parts?
3) Is it OK to buy part of bitcoin and not whole coin?
4) Is it good time to buy now coins since almost every coin is dropping in price? Should I wait now or buy after SegWit?
5) Can you please link other forums or websites with helpful info for exploring and learning?
6) And some reliable websites for buying crypto from Europe and online wallets?
7) If I also want to try mining should I start then with coins like litecoin and ripple?
Cool Which alternative is good to programm Coinigy (trading programm) ?

Thanks for reading and good luck all.


i suggest you visit coinmarketcap site, kindly google it
you can know more o about the altcoin by reading and clicking links provided on the site
yes i agree you should not put all your investment in one basket
yeah its good to buy when its bloody alts value is rapidly dumping so its wise to bid more lower than buying directly
consider coins with big community and continious progress on projects  and those who have trading volume always
goodluck with your trading

What do you mean by " so its wise to bid more lower than buying directly" ?
Do you mean put on order for lower value than it is in specific moment ?

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July 13, 2017, 11:30:25 PM
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Hello guys. Im pretty new to cryptocurrency. So I have read  for about 1 month news and articles about altcoins and bitcoin, mining vs buying crypto, trading and investing, checking each day price of top 10 coins. I do understand that I can not make billions since I should started few years ago. But I really like the idea of crypto and I would like to support / help it by buying / investing some money into altcoins. I dont have enough money to buy bitcoin. Here come questions :

1) Im interested in benefit / result in long term. So I want to make my portfolio low risk. I have read here on forum different opinions like “litecoin is total ***” and that “all altcoins dont have future” and “bubble of altcoins will be destroyed”. As Im pretty newbie on which factors should I first look at? Capitalisation? Creator of coin? Technologie or protocol?
2) Would you suggest to divide my start capital in 10 parts?
3) Is it OK to buy part of bitcoin and not whole coin?
4) Is it good time to buy now coins since almost every coin is dropping in price? Should I wait now or buy after SegWit?
5) Can you please link other forums or websites with helpful info for exploring and learning?
6) And some reliable websites for buying crypto from Europe and online wallets?
7) If I also want to try mining should I start then with coins like litecoin and ripple?
Cool Which alternative is good to programm Coinigy (trading programm) ?

Thanks for reading and good luck all.

Buy amd or nvidia gpu's, start to mine scrypt coins, you will make a fortune  Shocked
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July 14, 2017, 10:42:50 AM
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What do you mean by " so its wise to bid more lower than buying directly" ?
Do you mean put on order for lower value than it is in specific moment ?

Yes, on exchanges specify a BUY order price rather than just acquiring at the level the platform gives you.

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July 14, 2017, 12:20:32 PM
 #16

Your first objective should be to arm yourself against the scammers and potential pitfalls via education, information.

Just buying cryptocurrency and holding onto them might earn you some nice returns within a few years

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July 14, 2017, 01:28:23 PM
 #17

Your first objective should be to arm yourself against the scammers and potential pitfalls via education, information.

Just buying cryptocurrency and holding onto them might earn you some nice returns within a few years

Holding is ok, you might make a lot of profit by smart trading if you got the time and the skill to do so.
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July 15, 2017, 07:13:42 AM
 #18

I am in the same boat as the op. I can remember talking about bitcoin years ago and not doing anything about it. Then a couple of years ago started going on faucets to start off. I should of just started buying then as the hours wasted on faucets didn't equal what I could of bought with an hours pay. As for alt coins all that needs to happen is for a coin to become more mainstream than bitcoin. We are already seeing this with eth and people who missed the original bitcoin voyage are on that one

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July 15, 2017, 08:16:24 AM
 #19

You know that a huge people are doing investment in cyrpto currencies, then it mean people have earned from it. Now i give you my example that i have earned bitcoin from different ways, then of course i will suggest you to do this way and start to earn bitcoin, like only altcoin trading. It is best for all of users of bitcoin, who want to earn cyrpto currencies. 

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July 16, 2017, 09:53:15 AM
 #20

first of all I want to thank everyone who is participating in discussion and giving helpful answers! thanks again!

Wal.Bob12,

thanks mate. I have found some resources!

kolloh,
thanks for your answer. if I do I will try to buy first small part of bitcoin then.

JRonal12,
is there any big difference between bittrex, poloniex and others trade platforms? I will make today a test account today. still think that Im not ready for trading yet.

Flyyyy,
does that mean that I should be 24/7 online to monitor prices of coins? which android/ PC programms you could recommend for monitoring or alarm notifications?

omonuyak,
thank you. I will start with small steps. ye, it sounds very easy but in practice (me myself too) people are sometimes greedy. but it take time to understand.

prehisto, thank you for your help.

Bitsbytes, thanks. watching him right now. do you know also ryanblue7s blogger? any other good channels to recommend?

dioanna, thanks for website. I was using coingecko before. and thanks for tips how to choose altcoin!

Mindin, thanks. im also interested in mining but in cloud mining. because I dont know how to setup mining farm, then tune it and dont have space for it.

BitcoinPC, thanks for your idea. im still browsing forum. first what comes in mind is mining and buying. are there any other opportunities? i have seen some games and etc... did you mean that? could you please name other ways to earn bitcoin?

big thanks all again!

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