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Author Topic: To all newbies in the world of Bitcoin/Crypto  (Read 176 times)
rohanshinde (OP)
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January 09, 2018, 04:29:04 PM
 #1

I have been reading up many threads and posts across the internet reagarding investment/trading advice in Bitcoin/cryptocurrencies.
I am investing in cryptocurrencies since some time now. I will suggest the following,

  • First and foremost, BITCOIN is not the only crypto currency available, there are many of them with fully functional and solid use case currently running in Production.
  • Never follow the crowd, this creates FOMO, panic selling and loss.
  • Always DYOR before entering into any coin. Its better to research a coin, study its usecase, try to understand what problem it is trying to solve.
  • Stay updated, read a lot of news, posts and threads.
  • Don't be here for quick profits, it will only cause mental trouble.
  • Investment is always better than trading (Unless you have lot of time to continuously monitor a position).
  • Always keep your coins in wallets instead of exchanges. Keep only those coins on exchanges that you want to trade/sell off.
  • Open account on Twitter and follow influential people and subscribe them, read their tweets, try to understand what they want to say.
  • Try learning charts and couple it with the news/latest update for the coin.
  • NEVER EVER I repeat NEVER EVER GIVE YOUR PRIVATE KEYS TO ANYONE/ANYWHERE!!

⚡ DeepOnion ⚡ Anonymous & Untraceable Cryptocurrency
⚡ Join DeepOnion Airdrop NOW! ⚡[/url (https://deeponion.org/apply.php?ref=1553108)
Chaki
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January 09, 2018, 04:32:04 PM
 #2

The last line was the never ever a no no!!!!!
Never ever share your passwords...to anyone
And if your opening your accounts to public computers be sure to clear history....

█▄█▄█  ⚷ ROCATI ⚷ █▄█▄█
First Cryptocurrency Linked to a Tangible Asset: Real Estate Properties
https://www.rocati.net/
rohanshinde (OP)
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January 09, 2018, 04:51:50 PM
 #3

Yepp, clearing history matters even on a private computer... Wink
It will save you from unwanted access...

⚡ DeepOnion ⚡ Anonymous & Untraceable Cryptocurrency
⚡ Join DeepOnion Airdrop NOW! ⚡[/url (https://deeponion.org/apply.php?ref=1553108)
SayNumo
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January 09, 2018, 08:04:51 PM
 #4

How can anyone justify giving their private key away? I get it that people are gullible, but... still...

Good summary, OP. That's what every newbie should absorb from the first few days on the forum.
rohanshinde (OP)
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January 09, 2018, 09:20:07 PM
 #5

There are many phishing sites which steal away your creds. Take for example Jelurida, they had a online wallet. Hackers made phishing website out of it and stole many coins. Jelurida stopped their online wallets and have a client now.
Always download wallet from official websites only. Newbies don't know all this stuff and login their private key anywhere, hence as a word of caution, Never give your private keys anywhere or to anyone no matter whomsoever they are.

⚡ DeepOnion ⚡ Anonymous & Untraceable Cryptocurrency
⚡ Join DeepOnion Airdrop NOW! ⚡[/url (https://deeponion.org/apply.php?ref=1553108)
SayNumo
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January 09, 2018, 10:48:43 PM
 #6

There are many phishing sites which steal away your creds. Take for example Jelurida, they had a online wallet. Hackers made phishing website out of it and stole many coins. Jelurida stopped their online wallets and have a client now.
Good point.

Quote
Always download wallet from official websites only. Newbies don't know all this stuff and login their private key anywhere, hence as a word of caution, Never give your private keys anywhere or to anyone no matter whomsoever they are.
Always worth repeating for newbies' sake, that's true!
manuraj.m
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January 10, 2018, 02:04:13 AM
 #7

Thank you! As a beginner, it's very useful information
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