Any advice for a newbie?

[Nat77777]

Welcome to crypto world. Sounds like you are off to a good start. I would continue to gradually increase your holdings while focusing on research. Get a good grasp of Blockchain and the history of bitcoin. I’m glad to hear you have a hardware wallet on the way - that shows you have thought about security. My main tip would use common sense when getting advice from others - especially about what coins to buy. Remember that nobody can predict the future no matter how many years they have been in this space. I’d say be patient and as smart as you can with you money, find a balance of diversification that works for you, think about your plan for “taking profits” during the next bull run. I think you are on the right track for success. Cheers.

[Cacaparg]

first of all I want to advice you to believe that it is not so late to start this activity, also please be sure there are a lot of information here (on the forum) and in internet to stady this interesting subject. wish you good luck in your beginning.

[Yorkshire]

You are even familiar with so much than some of us. I think you should be coaching us already with the exhibited knowledge that you have. I just graduated from my previous rank and still studying to understand everything in the forum. So far I have learnt about airdrops and the altcoin. i also learnt that yes one can get altcoin and convert or exchange it to get bitcoin or ethereum and save it away in similar wallet like meta-mask which I have also added to my wallet. Rome they say was not built in a day. I believe for you and myself and many others who are in our ranks that soon we will all be familiar with all it takes to trade, invest and do much more.

[kolinasnum]

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

In my opinion, fast trading can be so risky for a newbie. I think long term investments and having more information are good for the new investors. The prices are very cheap now, and you might find good opportunities on the market for starting a long term investment.

[sergey1301]

Learn as much as possible about cryptocurrency, participate in bounty companies, learn to trade, do not panic if you lose money.

[mcconah]

for a newbie, if you want to join in the bounty, could seek the bounty which indeed allows a newbie taking part. No need to think of the results, which is essential to the practice of first course. While waiting for your account rank will go up. Because I used to also apply it that way.

[yujli]

For beginners, I think you should know more about the cryptocurrency field at least, and by reading a lot of content on this forum to learn more, I suggest that you focus on learning before, then you can try to trade or join the bounty Earn some money

[bitok_1979]

I think you need to analyze the market and choose the optimal currency for investment, but what you hold in the hands of ETH is the right direction

[Joriecoinbit]

There are so many good advices already, so I am going to add only one more thing. Never investe in ICO before full analysis, especially without reading white paper. It is better to miss risky opportunity than risk without a reason.
Yes, it is ok to start communication with team on the early phase when WP is still in progress, but WP must be ready before the ICO. If it is not, I always skip such projects regardless how promising they are.

I do agree with you. My friend also advised me to read the whitepaper and analyze it before joining in a bounty campaign or investing in ICO. He was once a victim of a bounty scammer. And that he realized that you really have to read their whitepaper so you'll know what their project is about  and if it has a possibility to success or not.

[hakertajniak]

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

As a newbie, you need to observe the market situation before buying some cryptocurrency, either it is bitcoin or altcoin.
If you already expert in cryptocurrency, you will know what coin will be profitable to buy now.
Your portfolio is good enough to hold. If you can, adding more amount of coins will be good because the price is still cheap.

[jhon pantau]

The advice that I can give to beginners, with the decline in market prices does not make you rush to make sales. First, analyze each coin you want to sell. Withstand it for those who have good prospects in the future. And take advantage of this opportunity to hunt for the best coins to make it an investment asset in the future. That way, your assets will be saved and you will benefit from various baskets when the price has increased.

[xysheeh03]

I am not a newbie anymore in rank but i consider myself as a newbie since i am also new to this forum and bitcoin industry, all we should do is to have research and read more about cryptocurrency to learn about more also to ask some advice from the experienced one. But be careful also in some of what you enter, there are also scammersbthat victims a newbie, we should be aware of that.

[xenomorphe1]

I would say that you are going to learn by making mistakes. Also don't trust anyone. When you make a move, do it carefully and be patient. Don't rush in your decisions. We still sometimes make mistakes, newbie or not.

[Banger42]

Crypto market is not an easy one to join in. So I think you should have to understand very details about each coin in it. Besides, you must be the person who have many ideas and brilliant techniques which can help you in the future. Let's read and research before investing

[heyou80]

Learn more about encryption and reading before investing. Go and see positive and negative comments. Don't invest easily in the current situation unless you find enough information.

[apyong]

It looks you have more than enough assets than anewbie. Im nit a newbie but you have more than my bitcoin and etc. But my advise is to atudy the flow of the market, learn how to trade to gain more knowledge.

[sanasara]

If you just have started so I think you are taking a little bit risk because the condition of market is far away from satisfaction but purchasing from this point will be good decision this is a right time to purchase altcoins but don't think about sell it otherwise you have to face a huge loss so research properly from websites and learn then come to any conclusion. Best of luck

[Kuchiyose]

I would say that you are going to learn by making mistakes. Also don't trust anyone. When you make a move, do it carefully and be patient. Don't rush in your decisions. We still sometimes make mistakes, newbie or not.

Agree, You will experience a period of disappointment in making decisions, so you must learn more about it to minimize the losses that you will get. Learn more.

[DavidY]

First, read more relevant materials, learn as much as possible, and consult industry professionals. Don't invest blindly. To be diversified, always be cautious.

[rockybar]

my advice for as a newbie better you must study and learn everything about crypto and blockchain. what should be the nature of cryptocurrency and everything. you must also learn the techniques on how to be a good trader since you have BTC and ETH thats a good start for you to find some good trade of your token. and lastly learn how to do bounty mate, you can earned tokens here as a payment of your job.