Any advice for a newbie?

[martin1221]

That kind of investment is not for newbie actually that is good that you have more investments,try to add some of it like altcoins that you think its better to invest in them but beware of investing, try to know thier history, background and plans if its good to invest in them

[bitfools]

1. Do your own research, even if someone is telling you to buy something, do your own research on the project make sure you believe in it and are not just buying it during a massive hype

2. only invest what you can afford to loose, what i mean by this is only invest what you are willing to loose, dont invest something that will finanacially hurt you

3. never ever ever put you private key anywere..... thats how you will easily loose all your crypto

4. Do lots of research, try not to buy on FOMO (fear of missing out).

5. remember you only loose you investment if you sell for a loss, i have seen so many new comers come into this market and buy then freak out when something dips 10% and sell at a loss only to look at that crypto a week later and its 50% up from what they sold at.

huge dips are almost garenteed so dont freak out.

now one other rule, well not really a rule just something i did when i first started, dont check your portfolio every 5 mins.... alot of people come into crypto expecting 10x in a day, its not it does take time.

also its very smart to take profit if something double or even does 50%, my rule of thumb is i take my initial investment out the second something does 50% or more then balances out.

hope this helps. and good luck

Really good advice, but with +2,000 alt shit-coins, to choose and the next 10k% gainer in a day to be a random event, one needs to BUY into 100's to be covered to get the gainers.

There appears to be no rhyme or reason of the top-gainers day 2 day, shit just happens, thus the only rational is to buy all, and perhaps ramp up on winners

Your advice is familar  stock-market logic, but there is no logic to this tulip mania ponzi, some of these caps are so thin a guy could rise his coin astro with $100 USD, U didn't mention CAPS, it would be interesting to see your strategy of separating wheat from chaff.

IMHO that don't work either here, some of the biggest SHIT around is in the top 20 CAP, so that doesn't really help filter, I see a lot of the real good stuff as low as 50 in cap sorting ( capitalization in millions ).

Then there are coins & tokens, and there are minable and non-minable; surely the stuff that isn't minable isn't even a real cryto, its just a synthetic IPO.

So given your old-skool strategy how do we apply it to new skook insanity??

[subG]

Always make your own decisions when it involves money.  All the information you'll ever need is on this forum.  You need to do your own research to see which projects are good enough for you to throw your money at.  Asking for advice in here will only get you bias information.  People will always tell you to buy what they are holding.  

[barlo357]

It is good to know that as a newbie you already have 0.13 BTC and altcoins. Ask for an expert's advice so that person can guide you. And also, keep doing research so you will gain more knowledge.

[inyakizuryel]

Greetings and welcome to this world, to the world of cryptocurrency all of the people here was a newbie and all of the people here know the struggle of being a newbie, my advice for you is be patient, just do your job as a bitcoiner make your rank go up by simplu answering questions properly and in a serious manner and from there when you have your rank up you can now join to many kinds of campaign like twitter, facebook, and signature campaigns and etc., once you are in a campaign all you have to do is follow the given instructions and at the end of the campaign you will be rewarded a bitcoin and you can exchange or convert it into cash

[Getcoinsite]

Hi guys,

Newbie here trying to set up a crypto profile. 1 month ago I had heard the name Bitcoin but didn't know what it was other than a digital currency and had not heard of any alt coins so bear with me 

I don't have a huge amount to invest, thus far i have 0.13 BTC and 2 ETH, 2.6k XRP AND 50 OMG. I want to keep adding to this and keep it for as long as needed, i  am not really interested in trading as i don't understand this space enough to do that.

Any ideas or thoughts? Should i move any of these around? Concentrate on adding to bitcoin? Add to XRP/OMG etc etc???

Also i have a ledger nano s en route to keep my coins.

cheers

sounds like lots of knowledge for just 1 month here in crypto.and still a NEWBIE account?nice one.well you should lewrn and try the trading coz thats the only way you can gain more than you wanted if you made a roght choice of coins to invest.so better do the right move to last long hewr in crypto community

[ethereumhunter]

1. Do your own research, even if someone is telling you to buy something, do your own research on the project make sure you believe in it and are not just buying it during a massive hype

2. only invest what you can afford to loose, what i mean by this is only invest what you are willing to loose, dont invest something that will finanacially hurt you

3. never ever ever put you private key anywere..... thats how you will easily loose all your crypto

4. Do lots of research, try not to buy on FOMO (fear of missing out).

5. remember you only loose you investment if you sell for a loss, i have seen so many new comers come into this market and buy then freak out when something dips 10% and sell at a loss only to look at that crypto a week later and its 50% up from what they sold at.

huge dips are almost garenteed so dont freak out.

now one other rule, well not really a rule just something i did when i first started, dont check your portfolio every 5 mins.... alot of people come into crypto expecting 10x in a day, its not it does take time.

also its very smart to take profit if something double or even does 50%, my rule of thumb is i take my initial investment out the second something does 50% or more then balances out.

hope this helps. and good luck

Really good advice, but with +2,000 alt shit-coins, to choose and the next 10k% gainer in a day to be a random event, one needs to BUY into 100's to be covered to get the gainers.

There appears to be no rhyme or reason of the top-gainers day 2 day, shit just happens, thus the only rational is to buy all, and perhaps ramp up on winners

Your advice is familar  stock-market logic, but there is no logic to this tulip mania ponzi, some of these caps are so thin a guy could rise his coin astro with $100 USD, U didn't mention CAPS, it would be interesting to see your strategy of separating wheat from chaff.

IMHO that don't work either here, some of the biggest SHIT around is in the top 20 CAP, so that doesn't really help filter, I see a lot of the real good stuff as low as 50 in cap sorting ( capitalization in millions ).

Then there are coins & tokens, and there are minable and non-minable; surely the stuff that isn't minable isn't even a real cryto, its just a synthetic IPO.

So given your old-skool strategy how do we apply it to new skook insanity??

i think from +2000 altcoins, he only need to take a look in top twenty altcoin in the coinmarketcap to research and analyze and i am sure that he can found the profitable coins. i think if he continued to analyze, he might be found more than 3 profitable coins becaus fromtop twenty, i am sure that there is many coins that will increase so he only need to be focus with top twenty. if he wants for more larger, then he can research with top hundreds and i guess he can found more altcoins that could he buy to make profit.

[Faruque312]

Keep researching,  Learn about cryptocurrency's.  And Try to discover something.
even though everything is not possible together, So you have to learn slow & Cold head.
Focus on your target & go step by step.

[noictib]

Hi guys,

Newbie here trying to set up a crypto profile. 1 month ago I had heard the name Bitcoin but didn't know what it was other than a digital currency and had not heard of any alt coins so bear with me 

I don't have a huge amount to invest, thus far i have 0.13 BTC and 2 ETH, 2.6k XRP AND 50 OMG. I want to keep adding to this and keep it for as long as needed, i  am not really interested in trading as i don't understand this space enough to do that.

Any ideas or thoughts? Should i move any of these around? Concentrate on adding to bitcoin? Add to XRP/OMG etc etc???

Also i have a ledger nano s en route to keep my coins.

cheers

Here you have investment in 4+ coins , so you are going better way and also you have better amount of investment in the starting Because this is not a small amount that you want to say indirectly .
Trading is nothing but to have different different coins for small/ long term until the price get high and then sell them to get profit .
If you will do these things continuously for 2-3 months then you will become experienced and you will comes to know that at what price you should buy the coins and at what you should sell .
Now here you have time to wait and go investment in multiple coin investment ( more than 10 to 20+ coins ) , and don't sell any coin at low price because to sell at low price is not a better way to make profit that will be only loss for you.

[The Crypto Peasant]

1. Do your own research, even if someone is telling you to buy something, do your own research on the project make sure you believe in it and are not just buying it during a massive hype

2. only invest what you can afford to loose, what i mean by this is only invest what you are willing to loose, dont invest something that will finanacially hurt you

3. never ever ever put you private key anywere..... thats how you will easily loose all your crypto

4. Do lots of research, try not to buy on FOMO (fear of missing out).

5. remember you only loose you investment if you sell for a loss, i have seen so many new comers come into this market and buy then freak out when something dips 10% and sell at a loss only to look at that crypto a week later and its 50% up from what they sold at.

huge dips are almost garenteed so dont freak out.

now one other rule, well not really a rule just something i did when i first started, dont check your portfolio every 5 mins.... alot of people come into crypto expecting 10x in a day, its not it does take time.

also its very smart to take profit if something double or even does 50%, my rule of thumb is i take my initial investment out the second something does 50% or more then balances out.

hope this helps. and good luck

Really good advice, but with +2,000 alt shit-coins, to choose and the next 10k% gainer in a day to be a random event, one needs to BUY into 100's to be covered to get the gainers.

There appears to be no rhyme or reason of the top-gainers day 2 day, shit just happens, thus the only rational is to buy all, and perhaps ramp up on winners

Your advice is familar  stock-market logic, but there is no logic to this tulip mania ponzi, some of these caps are so thin a guy could rise his coin astro with $100 USD, U didn't mention CAPS, it would be interesting to see your strategy of separating wheat from chaff.

IMHO that don't work either here, some of the biggest SHIT around is in the top 20 CAP, so that doesn't really help filter, I see a lot of the real good stuff as low as 50 in cap sorting ( capitalization in millions ).

Then there are coins & tokens, and there are minable and non-minable; surely the stuff that isn't minable isn't even a real cryto, its just a synthetic IPO.

So given your old-skool strategy how do we apply it to new skook insanity??

Couldnt agree with what you have said more, there was a few things i left out to not over stimulate hahaha, and i also agree with some of the biggest shit being in the top 20,

I do not day trade, i find tokens/coins i belive in the project, eg like you said there are 2000 altcoins out there and around 90% of them are complete shit. i research teams, what they hope to achieve, upcoming releases from them and also research alot of market news, there is alot to take on board with crypto, and like you said, nothing here is predicatable things go up and down for no reason at all.

[Bitcoin2theEnd]

Make sure you keep your private keys safe. Never show anyone and never ever send them to anyone online no matter what they say. Always do your own research. Use bitcointalk, twitter, news sites and any other platform to hear about new coins and new projects but always do your own research. Read whitepapers

[Gears]

Hi guys,

Newbie here trying to set up a crypto profile. 1 month ago I had heard the name Bitcoin but didn't know what it was other than a digital currency and had not heard of any alt coins so bear with me  

I don't have a huge amount to invest, thus far i have 0.13 BTC and 2 ETH, 2.6k XRP AND 50 OMG. I want to keep adding to this and keep it for as long as needed, i  am not really interested in trading as i don't understand this space enough to do that.

Any ideas or thoughts? Should i move any of these around? Concentrate on adding to bitcoin? Add to XRP/OMG etc etc???

Also i have a ledger nano s en route to keep my coins.

cheers

Congrats, very good choice for beginner. Try to keep your investment at least 60/40 in Bitcoin/Alts, or 70/30 Alts are profitable don't get me wrong but bitcoin proved much time that is better invest and safer in BTC rather than risk with other crypto.

[Dr0idGuru]

The altcoins are not as safe as equity or bitcoin, but the returns are much better.
If you want to go for a safer altcoin, choose one with an existent company behind.
My favourite is https://AppCoins.io with 200 million users behind: appcoins.io
But do your own due diligence.

[carlisle1]

Hi guys,

Newbie here trying to set up a crypto profile. 1 month ago I had heard the name Bitcoin but didn't know what it was other than a digital currency and had not heard of any alt coins so bear with me  

I don't have a huge amount to invest, thus far i have 0.13 BTC and 2 ETH, 2.6k XRP AND 50 OMG. I want to keep adding to this and keep it for as long as needed, i  am not really interested in trading as i don't understand this space enough to do that.

Any ideas or thoughts? Should i move any of these around? Concentrate on adding to bitcoin? Add to XRP/OMG etc etc???

Also i have a ledger nano s en route to keep my coins.

cheers

this is not a post from a real newbie,but still i will just close my eyes and believe that you are a newbie in crypto..well what i can say is your doing good.actually much better than more than how many that im seeing here in forum.

Continue what you have started,always be updated for its flow.check every coins that comes to your way.validate thier capability and stability.if they can adapt in your taste to invest so grab the opportunity

[Navigo]

Firstly, welcome to wonderland. If you stick around long enough, this will becoma an addicton and probably change your life and economic understanding. My first advice to you is that you should read as much as possible. Consume as much information as you can and this is the right place to do it. Often, you will never need another source as everything is available on this platform.

[Dile91]

It not small amount hahaa , do some researches about alt coins , bit coins , how the market flow , dont invest without researching BTC ,ETH and OMG is good for hold
 and if you working with trading platforms (bittrex , polo ) make sure to be alert on security , this filed security is most important , dont share your private keys with others , always enable 2FA so many spams out there
Good luck and welcome to the crypto world !

[misterj]

My advice would be simple since we both are considered as newbies still. So the advice would be learn as much as you can here, as you reply to question, study what will you answer, read others opinion, search for terms you are not familiar, and be wise as you use your time as an investment here. As time passes and you tried and still doing all my advice, you see how much you grow by realizing that you almost do not depend on google anymore because you could explain things to yourself. But do not stop growing because learning never stops. Then prepare for investment such as in bitcoin but I prefer altcoin since it is in early stage means that you could buy some in lesser price and has a possibility to be sold at much higher price.

[mercer007]

Most of he newbie"s buy at all time high and sell them at all time low so if you avoide doing it than you'll just do fine.
Good Luck!

[ibrahim97]

very good ad for the newbie

[mondobitcoin]

The first advice is to learn more about this world
And the better thing is to hold bitcoin, you can buy other crypto currencies , but they have a more unstable price than bitcoin
If you want to start this, learn more about how this market is going