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Author Topic: New to CRYPTO ?  (Read 152 times)
Princemachiavelli
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January 15, 2019, 11:51:06 AM
 #1

Hello Everyone.

New to crypto and don’t know where to start. This thread might be able to help you.

First you have to decide what you are planning on doing with your crypto. Either long term or short term.

If you decided long term, it would be a wise choice to start with looking for a Hardware wallet that will fit your preferrence. Some examples of hardware wallets are Ledger Nano S, Trezor, KeepKey. — Certain wallets hold certain amount of coins please research carefully.

Here is a link to the top 5 hardware wallets — https://www.bitpremier.com/bitcoin-hardware-wallets

Once the decision is made between placing the order and the wallet arriving it would also be wise to research the different coins you would like to invest into. — Coin market cap gives decent information about coins that have good value in the community.

Once you figure out which coins to invest into and have your hardware wallet it is time to look into where to buy the coins. Now you have to make an online wallet and this wallet you can use to temporary store your crypto before moving it to your hardware wallet.

The way I did it here. I created a wallet on Blockchain wallet app on the IPHONE 7+ and used this as my temporary wallet. Next I bought either bitcoin, ethereum, or litecoin using the Bitcoin ATM in my area. I put the coin on my temporary wallet and transferred it to my hardware wallet. BUT if you want other coins ALT coins -a here is the link I use to convert my crypto. —https://coinswitch.co

Here you would send the crypto for your temporary wallet and convert it and send the ALT coins to your hardware wallet but like mentioned above certain hardware wallets hold certain types of coins. But if you are not using the ATM machiene or not able to get to one then there is no point for creating a temporary wallet  but it is good to have one just in case.

Coinbase is good for United States and other places but can only sell crypto if the user stays in US. —
Here is a link to help you more in depth about buying crypto - https://www.[Suspicious link removed]s/cointelegraph.com/news/how-and-where-to-buy-cryptocurrency-overview/amp

Once you have crypto in your hardware wallet CONGRATS you apart of the community.

Now let’s talk about the Short term. Here most users are looking to make money out of day trading. This can be tricky if users are first getting involved in crypto.

First I would suggest users to research the different types of exchanges that are available. Due to the unregulated market many volumes have been mnipulated. So please be careful. From what I have heard binance and kukoin exchanges are good for day trading. Furthermore on YouTube there are multiple videos explaining the indications and chart readings for Binance.

In day trading risk is high but there are also telegram signals that will help you with pumps some are paid others are free. Here as well the user need to be careful and do their research.

I am not an expert but I am looking forward to more information from others.
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CryptopreneurBrainboss
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January 15, 2019, 03:39:43 PM
Merited by DdmrDdmr (1), Harkorede (1)
 #2

In day trading risk is high but there are also telegram signals that will help you with pumps some are paid others are free.

Firstly prince, if you're giving an advice which am sure you're not qualified to give,  never advertise pump and dump telegram group before you mislead newbies like yourself. 99.9% of them are scam therefore it's advicible to stay away from them.  If you want to succeed in daily trading go learn the skills instead of depending on paid signals.

New to crypto and don’t know where to start. This thread might be able to help you.

Nope this thread will help you. It has topics like;
Which Bitcoin wallet to use
Which hardware wallet to use
How to sign a message? Etc

You can also visit Index to popular bitcointalk threads and search through to find informative thread especially the scam section it'll safe you a lot.  If you need any other help not mention in any of those thread, use the search button or start a topic and you'll get responds within minutes

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January 15, 2019, 03:58:26 PM
 #3

When new to cryptocurrency, one would have to start from the very basic in order to get a full idea of how it works.
There are many helpful guides on the forum which are designed for newbies.
The proper orientation is necessary for people new ro cryptocurrency.
mikkelkasper
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January 15, 2019, 07:00:44 PM
 #4

Am fairly new to CRYPTO..the 2nd post here seems to have more information and better directions to take before
making the 1st step..l got into somewhat a pyramid scheme last year and lost about 7k dollars..pure scammer.
do not want to be in the same situation anytime soon.
Princemachiavelli
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January 16, 2019, 12:27:46 AM
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In day trading risk is high but there are also telegram signals that will help you with pumps some are paid others are free.

Firstly prince, if you're giving an advice which am sure you're not qualified to give,  never advertise pump and dump telegram group before you mislead newbies like yourself. 99.9% of them are scam therefore it's advicible to stay away from them.  If you want to succeed in daily trading go learn the skills instead of depending on paid signals.

New to crypto and don’t know where to start. This thread might be able to help you.

Nope this thread will help you. It has topics like;
Which Bitcoin wallet to use
Which hardware wallet to use
How to sign a message? Etc

You can also visit Index to popular bitcointalk threads and search through to find informative thread especially the scam section it'll safe you a lot.  If you need any other help not mention in any of those thread, use the search button or start a topic and you'll get responds within minutes

I understand that the telegram issue for pump and dumps are sketched out by a lot of people. But I’ve had a lot of success wih regards to trading using telegram for help. BUT YES IT IS PAID SIGNALS  It’s just a suggestion because I have also mentioned learning trading tools of YouTube.
CryptopreneurBrainboss
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January 16, 2019, 03:48:41 AM
Last edit: January 16, 2019, 04:53:20 AM by CryptopreneurBrainboss
 #6

<•••>

Your were successful doesn't mean someone else will be.  It could be you were online at the right times to pick those signals, you're the smart type to know when to sell or maybe luck was just on your side. This is how those groups works the admin buys that particular coin/token most times before he send the signals to pump then group members all rush to buy pumping the price and note every pumps comes with a dumps (almost immediate correction) unlike natural growth. Also must pump and dump encourages the buying of worthless tokens which I'm 100% against

Princemachiavelli
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January 16, 2019, 04:40:25 AM
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<•••>

Your were successful doesn't mean someone else will be.  It could be you were online at the right times to pick those signals, you're the start type and maybe luck was on your side. This is how those groups works the admin buys that particular coin/token most times before he send the signals to pump then group members all rush to buy pumping the price and note every pumps comes with a dumps (almost immediate correction) unlike natural growth. Also must pump and dump encourages the buying of worthless tokens which I'm 100% against

I agree with you that it is doesn’t mean others will have the same luck. But this is a suggested method like others I have also mentioned in that same paragraph that it is a risk and needs research time into it.

With that being said agree or don’t agree with that method. It is what a lot of people are making money out of especially because this is a unregulated market like I mentioned above as well.

So for new crypto users studying the crypto signals and following it would be a good decision before putting money in.

BUT DO RESEARCH AND CONTINUE DOING IT.
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January 16, 2019, 06:35:43 AM
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So for new crypto users studying the crypto signals
It'll be very herculean task for newbies to correctly study trading signals,when you also consider the fact that trading signals are most usually wrong,at least 90%,encouraging them on that part would not be a step in the right direction.
And this is the beginners and help board,when giving advice to noobs you'll have to make sure your advice is at least 99% helpful and wouldn't put anyone in harms way,and if it will,there are a whole lot of stickies especially in the section to get them started.
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January 16, 2019, 10:48:30 AM
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The only advice I would give to newbies is investing maximum time before investing a penny. One should spend his maximum time reading as much as he can and learn what crypto is all about in its core. I have seen people rushing to invest their money and eventually they suffer huge losses just because they didn't have any research to back their investment decision and ultimately it resulted in a loss. Fortunately, there are many experienced members willing to share their knowledge on this platform, newbies just have to be ready to take it.
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January 16, 2019, 10:07:28 PM
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I also bought my first ethereum last week.  But I know the following!  Storing coins or tokens on a stock exchange is a risky business as many major exchanges have already been attacked.  The best way to store crypto assets is in offline wallets, such as a hardware wallet or a paper wallet.  This is the best you can do

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