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Author Topic: Tips for a newcomer?  (Read 120 times)
jwidgeon
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December 25, 2017, 04:52:05 PM
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Hello all! I'm fairly new to the crypto game, after a few weeks of researching and learning the ins and outs (mostly, still a lot to learn!), I finally made the move to buy a small amount of BTC and LTC with Coinbase last night but definitely looking to expand on my knowledge a bit more. As of yet, I purchases a small about just to get familiar with trading and to understand which areas are worth investing.

One thing I am curious to hear is which areas are you investing in outside of the big hitters like BTC, LTC, and ETH?

So, with that being said, what are some tips you would give to someone who's new to the game? Interested to see what each other's opinion is and to have a good discussion!
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LORD money
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December 25, 2017, 05:08:49 PM
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Hello all! I'm fairly new to the crypto game, after a few weeks of researching and learning the ins and outs (mostly, still a lot to learn!), I finally made the move to buy a small amount of BTC and LTC with Coinbase last night but definitely looking to expand on my knowledge a bit more. As of yet, I purchases a small about just to get familiar with trading and to understand which areas are worth investing.

One thing I am curious to hear is which areas are you investing in outside of the big hitters like BTC, LTC, and ETH?

So, with that being said, what are some tips you would give to someone who's new to the game? Interested to see what each other's opinion is and to have a good discussion!

don’t think to earn, think about avoiding losses. this is my advice.
avoid Coinbase, high fees. too high. buy an idea and not a coin. second advice!
poor-yorik
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December 25, 2017, 06:14:12 PM
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Hello all! I'm fairly new to the crypto game, after a few weeks of researching and learning the ins and outs (mostly, still a lot to learn!), I finally made the move to buy a small amount of BTC and LTC with Coinbase last night but definitely looking to expand on my knowledge a bit more. As of yet, I purchases a small about just to get familiar with trading and to understand which areas are worth investing.

One thing I am curious to hear is which areas are you investing in outside of the big hitters like BTC, LTC, and ETH?

If you have some extra money, you should definitely look into major stocks, but you probably already know that. If you are really risk averse, and you don't want to put all your eggs in one basket, and you are serious about it, physical gold will probably be your best option. Gold is trusted and time-tested, so it is a sure bet.
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December 25, 2017, 07:57:57 PM
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Hello all! I'm fairly new to the crypto game, after a few weeks of researching and learning the ins and outs (mostly, still a lot to learn!), I finally made the move to buy a small amount of BTC and LTC with Coinbase last night but definitely looking to expand on my knowledge a bit more. As of yet, I purchases a small about just to get familiar with trading and to understand which areas are worth investing.

One thing I am curious to hear is which areas are you investing in outside of the big hitters like BTC, LTC, and ETH?

So, with that being said, what are some tips you would give to someone who's new to the game? Interested to see what each other's opinion is and to have a good discussion!

1) Simply holding your coins of choice instead of trying to increase your holdings by daytrading will save you both money and time.

2) Be highly critical of alts, there's a lot of marketing fluff. Especially the minor ones are mostly a pure gamble.

3) Stay clear of ICOs, most are scams, those that are not are severely overvalued.

4) Do your own research and form your own opinions.

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December 25, 2017, 08:08:21 PM
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The best thing you can do is avoid day trading. A few people can make money like that. And the second thing is don't listen to what coin you should invest. Do an extensive research and decide yourself
jwidgeon
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December 25, 2017, 11:28:38 PM
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Hello all! I'm fairly new to the crypto game, after a few weeks of researching and learning the ins and outs (mostly, still a lot to learn!), I finally made the move to buy a small amount of BTC and LTC with Coinbase last night but definitely looking to expand on my knowledge a bit more. As of yet, I purchases a small about just to get familiar with trading and to understand which areas are worth investing.

One thing I am curious to hear is which areas are you investing in outside of the big hitters like BTC, LTC, and ETH?

So, with that being said, what are some tips you would give to someone who's new to the game? Interested to see what each other's opinion is and to have a good discussion!

1) Simply holding your coins of choice instead of trying to increase your holdings by daytrading will save you both money and time.

2) Be highly critical of alts, there's a lot of marketing fluff. Especially the minor ones are mostly a pure gamble.

3) Stay clear of ICOs, most are scams, those that are not are severely overvalued.

4) Do your own research and form your own opinions.


Thank you all for the tips! Certainly helpful- I’ll be doing more research and see what I’d like to invest in. What are ICO’s, might i ask?
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December 26, 2017, 02:33:53 AM
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what are some tips you would give to someone who's new to the game?

Do your own research on coins and don't ask people about what coins they're invested in. Of course they're going to shill their coins, demand on a certain coin increases it's price. High demand =/= good tech, but hype = high demand = increase in price. Do your own research.

Thank you all for the tips! Certainly helpful- I’ll be doing more research and see what I’d like to invest in. What are ICO’s, might i ask?
ICOs are sort of like crowdfunding. Whereas you give a project a number of BTC/ETH, and in return they give you a certain amount of a token.

HeRetiK
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December 26, 2017, 05:44:37 AM
 #8

Thank you all for the tips! Certainly helpful- I’ll be doing more research and see what I’d like to invest in. What are ICO’s, might i ask?
ICOs are sort of like crowdfunding. Whereas you give a project a number of BTC/ETH, and in return they give you a certain amount of a token.

...whereas in most cases the tokens either act like shares in a company or as utility tokens that can be used to pay for services as provided by these projects once the software gets done.

Problem being, that (1) in most cases, these ICOs explicitely deny any liability and shareholder rights and that (2) most of these startups are likely to either fail or vastly underdeliver.

Think of it as investing in a company that does not yet exist, for rights you will not have on profits that likely will never materialize.

ubersnuggy
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December 26, 2017, 01:59:36 PM
 #9

Never just blindly follow what people tell you to buy without proper research
dlaniger31
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August 31, 2018, 02:10:45 PM
 #10

As a new in crypto world, you must watch videos about cryptotrading because it is to risky to invest without much knowledge in trading. Also must research the coin you are investing if it has a good potential to rise up. Join also telegram groups and channel to learn more about crypto. Engaging in crypto is too addicting, you must spend a lot of time with it.
Andrew1337
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August 31, 2018, 02:41:52 PM
 #11

Just stay a while on coinmarketcap and see how's the volatile is the price and after that you can put your money there. Otherwise you can earn tokens from bounties and sell them for btc/eth

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