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Author Topic: Knowledge for Newbie  (Read 4197 times)
arief89
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August 06, 2018, 02:50:48 AM
 #601

As a newbie, which is the best to do; To invest(earn) or to Learn(for how long)?
in my opinion before investing you must study first, because investing without knowledge is only useless and you will get losses.
studying in crypto doesn't take long, because we can learn while investing, the most important thing is that you are not so blind to investment and crypto.

It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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August 06, 2018, 02:51:45 AM
 #602

As a newbie, which is the best to do; To invest(earn) or to Learn(for how long)?
Enable to know how to trade right is you need to try it by yourself, we have saying that experience is the best teacher.
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August 06, 2018, 03:01:08 AM
 #603

I think you should learn to do free projects to have money to invest, do not invest right when do not learn thoroughly about this market.
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August 06, 2018, 03:02:25 AM
 #604

As a newbie, which is the best to do; To invest(earn) or to Learn(for how long)?
Im looking forward for this topic, I want to learn more about this crypto thing.
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August 06, 2018, 03:15:26 AM
 #605

Don't take too long to learn, so you can get the knowledge quickly, you also have to be able to compensate by applying it. For example, by starting to follow small risk programs, such as a bounty campaign. By practicing it, you will be able to understand crypto faster. If you feel capable, you are venturing into other programs with higher levels, such as investing, trading, mining, and others.

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August 06, 2018, 04:36:19 AM
 #606

in doing something that needs to process and in the process also requires knowledge of what will be done and to have knowledge also need to learn, so as a beginner you should learn about investing first and then start investing, because in the investment a little greeting can later get a loss.
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August 06, 2018, 07:42:47 AM
 #607

I think as a beginner its better to invest small amount while learning about things. Because practical knowledge is better than theoretical.
I think if you are a newbie here in forum. Better to read and research here in forum and post good suggestions or ideas that may help other people in this forum, for you to gain activities and merits that may help you to participant in different bounty campaigns.

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August 11, 2018, 11:33:43 AM
 #608

For starters, I advise you to buff your knowledge as well as experience for yourself, have not rushed into this market, Because this market is quite difficult for those who lack the knowledge . THESE THESE comments, people can add more !!!
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August 11, 2018, 11:42:51 AM
 #609

As a newbie, which is the best to do; To invest(earn) or to Learn(for how long)?

Best thing to do, well, I guess try to explore this forum and some aspect of cryptocurrency till you get familiar enough. It is not enough that you know, you must need to know how to do it as well, you know the result of what you will do, the negatives, the positives, the pros and cons, what could be the impact to you and so on. It doesn't matter if you want to learn for a long period time what matters here is the familiarity on the things you will do. Then knowledge will just come along the way.



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August 11, 2018, 12:04:15 PM
 #610

As long time you pass time in gathering knowledge, it will be more useful. Before investing gather info about different coins and their status in market. Then decide in which place you have to play. Be patient which is the main rule here.
Karina 3340
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August 11, 2018, 12:07:33 PM
 #611

Knowledge in the crypto currency for beginners. I must necessarily think. I always advise you not to hurry. It's better to start investing in the crypto currency. First it's good to be informed. It will never be superfluous.
Ramset39
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August 11, 2018, 12:14:23 PM
 #612

Whatever you do, finding out about it is always the first thing to do. I give you one of my favorite quotes. "Give me six hours to chop down a tree and I will spend the first four sharpening the ax." Let's spend a lot of time to get to know clearly and get started on the investment.
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August 11, 2018, 12:20:00 PM
 #613

I advise you to explore carefully before investing in Crypto. If you are sure that the future of Crypto that you trust will thrive, you should long-tern trading. If k trust, you should day trading.
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August 11, 2018, 12:26:13 PM
 #614

Knowledge in the crypto currency for beginners. I must necessarily think. I always advise you not to hurry. It's better to start investing in the crypto currency. First it's good to be informed. It will never be superfluous.
and also what are some of the best that you may have to do with is that you are always have to know , what is this crypto is alll about you have to be aware on everything that on here not all the time there is some of the thing that we may  ever have to consider done to be lucky so be patient for.
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August 11, 2018, 12:29:26 PM
 #615

I think learn is the first thing for a newbie he or she have to gain knowledge or study from whitepaper or this forum it will help them alot
Sandeep24
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August 11, 2018, 12:29:53 PM
 #616

As per my personal experience we you a newbie then you can study about altcoin in briefly because it is must for every person and you explore your knowledge from forum also. Where you can study/ write on discussion portal also. These are some basic steps for the newbie.
Priestly131
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August 11, 2018, 12:42:33 PM
 #617

I'd say some basic understanding would be quite important.

There are many sites that offer information, and also these forums offer a wealth of information.

You may want to look into things like how to set up 2FA, how to apply to exchanges, how to convert fiat into your first crypto (i.e. ETH or BTC), how to buy other currencies.

And followed by project research, project history, project roadmap, team, future, potential etc.

You may make mistakes, make sure that they aren't too costly Smiley.

You have hit the nail on the head. He needs to learn the basics before thinking of earning. He might also need to learn how to set up different wallets and know that certain wallets do not support some coins, how to participate in airdrops and bounty programs. Learn then earn


Of course, totally forgot the wallet, perhaps the single most important part Smiley. Read into MEW and ledgers for this Smiley. And if you start with stuff like airdrops and bounty programs, make sure you use a seperate (eth) wallet for this.....like a junk wallet Smiley

Thanks a lot for this information. I believe it will go a long way to help newbies to get a deeper understanding on crypto currencies; mode of operation, how to invest in it, how to earn and some basic things they need to know.
HitMarshall67
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August 11, 2018, 01:01:55 PM
 #618

Gather as much knowledge you can regarding crypto and the market. Sincerely observe the market stat and try to find out which one is better for you. If you are able to be patient, then invest. So my suggestion is, learn to be patient first, then invest.
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August 11, 2018, 01:05:36 PM
 #619

Why is there even a choice here. You earn and learn together, as most everyone in cryptos are doing. Experience is the best teacher and slowly you will understand your investments and strategies involved therein.
I'm afraid you're wrong. If both are done simultaneously, you might not be able to focus and the worst possibility is loss. We recommend that you study first, find a senior or teacher and then after truly understanding, then invest
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August 11, 2018, 01:09:47 PM
 #620

Make 2 parts of your money. Hold one part for future and go for trade with the other one. Then the chance of getting loss will be low. Choose carefully on which coin you will take risk.
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