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Author Topic: Can a kind person please answer a few of my questions (completely new at this)  (Read 130 times)
Anthonyr475 (OP)
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January 04, 2018, 03:14:30 PM
 #1

Hi, I've just recently become interested in bitcoin and everything surrounding it. I apologise in advance if any of my questions are silly or answers are easily found.

What is the safest and most secure wallet to use to start buying bitcoin/altcoin?

I have heard the words bounty and ICO come up a lot from reading this forum. What do they actually mean and how do you make money from them?

Is there any good guides that you guys can link me to get me started?

Am I too late to the party or is there still money to be made?
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January 04, 2018, 03:21:46 PM
 #2

What is the safest and most secure wallet to use to start buying bitcoin/altcoin?
Read: [General] Bitcoin Wallets - Which, what, why?; Also, the best place to buy bitcoin depends on what country you're on. So it's best if you tell us.

I have heard the words bounty and ICO come up a lot from reading this forum. What do they actually mean and how do you make money from them?
wikipedia: https://en.wikipedia.org/wiki/Initial_coin_offering
investopedia: https://www.investopedia.com/terms/i/initial-coin-offering-ico.asp

Is there any good guides that you guys can link me to get me started?
A Beginner's Guide to Blockchain Technology: https://www.coindesk.com/information/


Am I too late to the party or is there still money to be made?

It depends. That's a very broad question; how are you planning on making money off it?

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dothebeats
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January 05, 2018, 12:00:13 AM
 #3

Hi, I've just recently become interested in bitcoin and everything surrounding it. I apologise in advance if any of my questions are silly or answers are easily found.

What is the safest and most secure wallet to use to start buying bitcoin/altcoin?

I have heard the words bounty and ICO come up a lot from reading this forum. What do they actually mean and how do you make money from them?

Is there any good guides that you guys can link me to get me started?

Am I too late to the party or is there still money to be made?

Safest and most secure wallet IMO are any wallets that you have total control with, be it the core wallet or HD wallets like Electrum up to mobile wallets. Great beginner tips and guides are already stickied or pinned on this very child board, and they are the top topics that you can see upon clicking this board. Last but not the least, one's never too late to the party. If you still have the money to invest or trade, do it now. The crypto market is a fast-paced environment, but that doesn't mean that you'll be left behind if you started trading late.

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BTCforJoe
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January 05, 2018, 08:19:07 AM
 #4

Judging on your introduction and questions, it sounds like money is the main motivator behind your wanting to get involved with Bitcoin. I will say that if wanting to make money is the only factor that you're looking at, don't even bother getting into Bitcoin, as there could be major disappointments if things don't go your way. I'd be lying if I said that realizing profits isn't a motivator for me, but I genuinely am interested to see the future of cryptocurrency, and Bitcoin has paved the way for the future of money. If Bitcoin fails (unlikely, I know), I'll be okay with it knowing that I had a good run learning about everything surrounding the coin.

The only question that hasn't been answered by anyone is what a bounty is. Bounties are ways for the developer or marketer of a coin to pay you in exchange for providing services for them, such as posting on twitter, offering translations of their announcement threads, designing something, etc.

Best advice for you is to check out the forums and take part of conversations that excite you. Ask questions. Don't be afraid to ask 'stupid' questions. And most importantly, learn to use the "Ignore" button under shitposters' avatars. It will make your forum experience much much better.

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