Exactly Good To Start For Newbie?

[bbymi]

If u have some investment buy bitcoin and hold it. For small trades to learn about crypto, trade only 10% to 20% of your bitcoin in altcoins on different trading exchanges like bittrex, cryptopia, poloniex etc and earn more bitcoin but making mistakes can result in losses. So invest only small portion of your monry in alts and keep most in btc.

I definitely agree. If you had bitcoins last january, it would have already increased 600% in just 10 months
And with forecests of it reaching $10k by end of 2017 or early 2018,  buy and hodl btc for sure

[1715110592]

1715110592

[jrrigs]

1. Invest in buying my own hardware for mining bitcoin.
-too many things to consider. ROI may be forever
2. Invest in buying some contract for cloud mining online
-ROI is close to none.
3. Invest in HYIP website
-NEVER!!
4. Invest in Trading Platform
-definitely but you need to do a ton of research. When to buy, when to sell. Profitable once you know the do's and don'ts.
5. Buy bitcoin and hold it till price goes to $8000 or more. LOL

[sanyinchen]

Invent btc is simple , because what your aim is clear , it’s BTC . Not like invent others ， you should analyze if this coin has big promising and it’s always hard to judge. In my viewpoint , invent to exchange platform is the best way for newbei . Because of that:

1)Invest in hardware you should have a channel to buy hardware and you need to find a location to put them , if you are lucky to buy a ant S9 , maybe you can get profit after several month. It’s real not worth for personal.

2)Invest in cloud mining online， as my experience. It’s hard to get profit from this way.

[PIGLOTION]

As of the moment, don't do anything from the list that you provided. Those will just make you lose money. What's important in this time (because you are a newbie) is to learn the ins and outs of BTC. Give yourself some time to learn all things about BTC and cryptocurrency. With this, you'll be equipped with the knowledge in dealing with cryptoassets. After that, you can buy some BTC as a starter. Just make sure that you know the basic things about it and you'll get by easily.

Hello all, I am an "old dog" looking to learn more about "Bitcoin". Is there anywhere I can go for a comprehensive "glossary" of the terms used ie: airdrop, mining, storage software, free coins, hyip, invent to exchange platform trading, selling ect? I really want to know the "language" before I attempt to speak it, lol. Thanks in advance.

[KomrelliManikanta]

Buy some contract for cloud mining.It is better than own mining.Don't do HYIP.They are all scams.

[PIGLOTION]

Well, I appreciate the response, but as I said, I  do not even understand what you just suggested for me to do. I need to do a lot of studying it appears. Tks........

[EtherATM]

5. Buy bitcoin and hold it till price goes to $8000 or more. LOL

but you just do this if you have a lo of money to buy bitcoin and hold

[Asmus003]

Mining isn`t good idea. It becomes harder than 2-3 years ago. That`s why cloud mining began. People don`t want to buy expensive equipment. And after fork will be harder to gain BTC from mining. Look at trading and bounty...

[sadirmrida]

it's  right.  you can choice  anyone

[casascius4thewin]

Hi, all friends...I'm just newbies to bitcoin and after I have study for a while then i found so many different reason about working with bitcoin and other cryptocurrency but I can divided it into these main categories
1. Invest in buying my own hardware for mining bitcoin
2. Invest in buying some contract for cloud mining online
3. Invest in HYIP website
4. Invest in Trading Platform
5. Etc.
Anyone please give me some idea about this that what is actually the better way that beginner should start working on it with bitcoin for making some profit?
Or any others way that I have missing found on this?

Mining BTC with Mining rigs? Please don't. Nobody can assure you for the ROI. Look at the ETH miners now..
Cloud mining and HYIP website has high possibility for being scam. Dont give your precious BTC those strangers..
Trading Platform? nah.. if they are really good at it, why wouldn't they just double up their own BTC? makes no sense.

Sum up -> Buy the dips, Sell at the peak! * REPEAT * -> You will gain more and more BTC by successful buy & hold strategy


Good luck!

[PIGLOTION]

Well, I thank you all for the replies, but apparently, nobody read my post. I thank you for the replies, but without knowing what the "terminology" actually means, the answers are quite useless to me, but thanks again........ 

[CryptoGazm]

Well, I thank you all for the replies, but apparently, nobody read my post. I thank you for the replies, but without knowing what the "terminology" actually means, the answers are quite useless to me, but thanks again........ 

Check my channel if you like I have plenty of beginner stuff there.
If you have suggestions I'd be glad to hear them.

https://www.youtube.com/channel/UC9j45E7C8NA-nRSiWno7-ig

[Lovetospoch]

Hi, all friends...I'm just newbies to bitcoin and after I have study for a while then i found so many different reason about working with bitcoin and other cryptocurrency but I can divided it into these main categories
1. Invest in buying my own hardware for mining bitcoin
2. Invest in buying some contract for cloud mining online
3. Invest in HYIP website
4. Invest in Trading Platform
5. Etc.
Anyone please give me some idea about this that what is actually the better way that beginner should start working on it with bitcoin for making some profit?
Or any others way that I have missing found on this?

To your points:
1. Do proper investigation first (profitability vs expenses, heat&noise management ...)
2. DEFINITELY NOT (99.9% CLOUDMININGS ARE SCAMS - PONZI)
3. DEFINITELY NOT please don't support these crappy schemes (but if you like to just give away your hard earned BTC the go ahead).
4. You can lend BTC using few platforms. Is that what mean? Then yes it's quite good idea.
5. Do you have skills which you can rent? (coding, writing, transaltion...). Ofer them on this forum ( but you have to had some previous experience (portfolio, customer fedback .. etc.)
6. Bounty campaigns. You can get some small rewards for follows, retweets etc. (see altcoin section for more details)

To sum up. There are no easy money in crypto (without putting some effort or risk you won't get profit). Just go, buy BTC and HODL them (maybe invest part of them in casino bankrolls like I do (it's effortless but of course risky investment).

what do you think about https://www.genesis-mining.com  they look legit and also have good reviews online. tell me

[Bitfort]

Hi, all friends...I'm just newbies to bitcoin and after I have study for a while then i found so many different reason about working with bitcoin and other cryptocurrency but I can divided it into these main categories
1. Invest in buying my own hardware for mining bitcoin
2. Invest in buying some contract for cloud mining online
3. Invest in HYIP website
4. Invest in Trading Platform
5. Etc.
Anyone please give me some idea about this that what is actually the better way that beginner should start working on it with bitcoin for making some profit?
Or any others way that I have missing found on this?

To your points:
1. Do proper investigation first (profitability vs expenses, heat&noise management ...)
2. DEFINITELY NOT (99.9% CLOUDMININGS ARE SCAMS - PONZI)
3. DEFINITELY NOT please don't support these crappy schemes (but if you like to just give away your hard earned BTC the go ahead).
4. You can lend BTC using few platforms. Is that what mean? Then yes it's quite good idea.
5. Do you have skills which you can rent? (coding, writing, transaltion...). Ofer them on this forum ( but you have to had some previous experience (portfolio, customer fedback .. etc.)
6. Bounty campaigns. You can get some small rewards for follows, retweets etc. (see altcoin section for more details)

To sum up. There are no easy money in crypto (without putting some effort or risk you won't get profit). Just go, buy BTC and HODL them (maybe invest part of them in casino bankrolls like I do (it's effortless but of course risky investment).

what do you think about https://www.genesis-mining.com  they look legit and also have good reviews online. tell me

I wrote about them multiple times, heres one of my replies:

....
genesis is legit company that will take your money and distribute part of them back to you in future.

Your revenues are calculated in USD.
If you bought hashrate using BTC, you will never get back the same BTC amount. Though on dashboard you will see amazing USD values (given by raising BTC price) you are acctually in loss (compared to possible profits when you would keep holding BTCs).

If you bought hashrate using USD, you will never receive equivalent amount of BTC (compared to when you would buy them directly). ... actually there is option the BTC price goes really down (but in this case your contrant will be cancelled as non profitable )

In other words: it's lose/lose for customers. win/win for genesis  (briliant business model they made ... hat down)

Your only chance to profit is to get referrals. But ask yourself, do you feel happy promoting such scheme? If so, shame on you.

[SlimShadyMmp]

buy ico tokens
be a bounty hunter (twitter, signature, facebook, telegram campaigns)
faucets if you like 90% slavery
cloud mining 90% scam
exchange- if you have some cash
airdrops
be alerted and be willing to put little effort

[CryptoGazm]

I have just put a new video up on Cold wallets in time for the next fork.
It is in the beginner playlist. https://www.youtube.com/watch?v=2mmoNNMgT2Q

[Gargo]

buy ico tokens
be a bounty hunter (twitter, signature, facebook, telegram campaigns)
faucets if you like 90% slavery
cloud mining 90% scam
exchange- if you have some cash
airdrops
be alerted and be willing to put little effort

Beginners recommend to buy some coins and keep them. Take a look at the market a bit. With your current state of affairs, your profits will multiply and you will be satisfied. Remember just about the good security of your wallet.

[UnderUP]

I just listened.
continue the topic.  

[thedarksun]

I just listened.
continue the topic.  

Why not trading, it is the fastest and the best way to just earn something by investing not much in some coin.

[machinek20]

I think your list is not a good way to start as a newbie, become a miner seems like the most reasonable, but you need to know how much you can earn and how much you need to prepare to start minung, the best to start is to know what is bitcoin and other coins, after that try faucet and the basic trading, after you familiar you can search for ICO, HYIP and cloudmining is not legit, so stop wasting your money