Impulseboy (OP)
Jr. Member
Offline
Activity: 196
Merit: 4
|
|
July 18, 2018, 10:28:20 AM |
|
Is there anything any newbie should avoid doing when it comes to investing in bitcoin or the digital currency in general? Especially for those who dont know much about cryptocurrency yet, what advice can you give that a newbie must avoid at all cost?
|
|
|
|
opg777
Member
Offline
Activity: 170
Merit: 12
|
|
July 18, 2018, 10:41:59 AM |
|
First of all, visit this forum, study all factors, risks. Understand that it is necessary for him. As well advice to you, sometimes in the section of beginners to go further than the first page, such and similar questions have already been asked many times.
|
|
|
|
RAMSHIVDEEPAK
Member
Offline
Activity: 224
Merit: 18
|
|
July 18, 2018, 10:48:20 AM |
|
Is there anything any newbie should avoid doing when it comes to investing in bitcoin or the digital currency in general? Especially for those who dont know much about cryptocurrency yet, what advice can you give that a newbie must avoid at all cost?
Avoid such type of thread in meta section....
|
|
|
|
mk4
Legendary
Offline
Activity: 2814
Merit: 3865
Paldo.io 🤖
|
|
July 18, 2018, 02:19:06 PM Last edit: July 18, 2018, 02:30:16 PM by mjglqw |
|
In general: Don't go balls-deep in to something that you don't understand. Interested in investing in cryptocurrencies but have no idea on how to have a secure wallet? Then read first. Looking for a good coin/token to invest in? Do your own research; don't just invest in coin X just because some dude on a forum thread or a reddit post told you so. First time investing? Don't want to be drowned in debts? Don't invest a big percentage of your money in to crypto. Always take risk in to consideration.
|
|
|
|
shashikamal
Member
Offline
Activity: 197
Merit: 10
dApps Development Automation Platform
|
|
July 18, 2018, 02:45:11 PM |
|
First Avoid making final decisions especially when buying coins. No one can say one fact as most important since this is a big industry & you should know surrounding very well before investing in this field. I believe that this is fair for any industry for a beginner. In fact if you are not a fast learner opportunists can be missed. In that case first you should LEARN then leave L & start to EARN. Use this forum, Youtube & crypto space very well. Once you are packed with some theories stick in to your method. Don't be "emotional" & break the method. That is one you should importantly avoid. Many more to mention but you need to put your effort to LEARN. Be the one to learn.
|
|
|
|
cryptosfr
Jr. Member
Offline
Activity: 89
Merit: 7
|
|
July 18, 2018, 04:36:11 PM |
|
Avoid day trading ^^ better invest on a long term period when you began , its safer and better for your mind ^^
|
|
|
|
madnessteat
Legendary
Offline
Activity: 2296
Merit: 2059
|
|
July 18, 2018, 06:49:34 PM |
|
Is there anything any newbie should avoid doing when it comes to investing in bitcoin or the digital currency in general? Especially for those who dont know much about cryptocurrency yet, what advice can you give that a newbie must avoid at all cost?
Do not invest money you are afraid of losing! The first few times you can lose all your investment so do not invest in only one cryptocurrency. Divide your investment into several promising cryptocurrencies.
|
| . .Duelbits. | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
|
|
|
Lakai01
Legendary
Offline
Activity: 2352
Merit: 2835
Top Crypto Casino
|
|
July 18, 2018, 06:51:14 PM |
|
Just invest as much money as you are willing to lose. If you are going to trade you will lose a lot of money at the beginning, so don't invest money you can't afford to use!
|
|
|
|
odolvlobo
Legendary
Offline
Activity: 4368
Merit: 3282
|
|
July 18, 2018, 08:00:43 PM |
|
One? Here are six. - Don't invest in anything that you don't understand well.
- Don't invest in something just because somebody says to.
- Invest for the long term.
- 90% of ICOs are outright scams and a legitimate ICO has no more than a 10% chance of succeeding.
- Assess risk appropriately. A concept is a long way from a working demo, which in turn is a long way from a finished product.
- Technical analysis is financial astrology.
|
Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
|
|
|
soniklli
Newbie
Offline
Activity: 66
Merit: 0
|
|
July 19, 2018, 07:20:37 AM |
|
The most important advice is to invest only free funds. There were a lot of cases when people lost huge sums due to lack of knowledge!
|
|
|
|
OgNasty
Donator
Legendary
Offline
Activity: 4788
Merit: 4431
Leading Crypto Sports Betting & Casino Platform
|
|
July 19, 2018, 08:41:08 AM |
|
Don’t invest in anything that doesn’t exist.
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
boyptc
|
|
July 19, 2018, 08:54:01 AM |
|
For those who don't much about bitcoin the best thing that you can do is just buy bitcoin and hold it, only with an amount that you can afford to lose.
If you have basic knowledge about bitcoin and you have vision that one day it will be big then that's all you have to do. Like what they said, avoid ICOs.
|
|
|
|
Tronx
Member
Offline
Activity: 61
Merit: 12
|
|
July 19, 2018, 08:58:02 AM |
|
Is there anything any newbie should avoid doing when it comes to investing in bitcoin or the digital currency in general? Especially for those who dont know much about cryptocurrency yet, what advice can you give that a newbie must avoid at all cost?
I think Get knowledge is the basic thing which most newbies ignore.
|
|
|
|
Impulseboy (OP)
Jr. Member
Offline
Activity: 196
Merit: 4
|
|
July 19, 2018, 09:01:15 AM |
|
Avoid such type of thread in meta section....
Sorry, but what "type of thread" are you talking about? Do you mean the one I just asked, seeking advice about digital currency for crypto first timers?
|
|
|
|
Impulseboy (OP)
Jr. Member
Offline
Activity: 196
Merit: 4
|
|
July 19, 2018, 09:05:32 AM |
|
Do not invest money you are afraid of losing! The first few times you can lose all your investment so do not invest in only one cryptocurrency. Divide your investment into several promising cryptocurrencies.
Thanks! I agree on being careful about investing money I'm not ready to lose. Any tips on those promising cryptocurrencies that a newbie can invest in?
|
|
|
|
Davil
Member
Offline
Activity: 238
Merit: 14
|
|
July 19, 2018, 09:06:11 AM |
|
- Technical analysis is financial astrology.
LOL, it's so true. But don't forget that when a lie is constantly repeated by several people it can become true in the mind of many others. Markets move out of fear and greed, and technical analysis is a perfect tool to create such feelings...
|
|
|
|
pealr12
|
|
July 19, 2018, 09:11:02 AM |
|
Is there anything any newbie should avoid doing when it comes to investing in bitcoin or the digital currency in general? Especially for those who dont know much about cryptocurrency yet, what advice can you give that a newbie must avoid at all cost?
Avoid those people who are inviting you to invest ion thier project. Read more about bitcoin to increase your knowledge so that nobody will try to scam you.
|
|
|
|
matthew1981
Newbie
Offline
Activity: 70
Merit: 0
|
|
July 19, 2018, 02:39:48 PM |
|
Is there anything any newbie should avoid doing when it comes to investing in bitcoin or the digital currency in general? Especially for those who dont know much about cryptocurrency yet, what advice can you give that a newbie must avoid at all cost?
The thing a newbie should avoid is to not invest anything that you dont have any knowledge or you dont understand well. As a newbie you must invest only for free funds
|
|
|
|
Discoperi
Jr. Member
Offline
Activity: 80
Merit: 1
|
|
July 19, 2018, 04:39:06 PM |
|
Good point! I'd invest 'on paper' for a year or so. Select a thing and record a reasonable amount of money you'd have to invest, and then see how your investments would grow (or not).
For example, select an ICO now and record the amount of token you would be able to buy now on your real money, and set an alarm on a day some 9 months from now to recheck if your investment gave you any profit or not.
|
|
|
|
r1s2g3
Sr. Member
Offline
Activity: 742
Merit: 395
I am alive but in hibernation.
|
|
July 20, 2018, 12:00:32 AM |
|
Is there anything any newbie should avoid doing when it comes to investing in bitcoin or the digital currency in general? Especially for those who dont know much about cryptocurrency yet, what advice can you give that a newbie must avoid at all cost?
I think you can go through the below topic. It will give you the basic idea of all the scam involved relating bitcoin and crypto currencies. https://bitcointalk.org/index.php?topic=2970157.msg30515162#msg30515162
|
I am alive
|
|
|
|