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Author Topic: Imagine that you're new to crypto now  (Read 2425 times)
Sirait
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August 03, 2019, 02:42:34 PM
 #121

If I were new to cryptocurrency now, I would have  researched very well about the different types of cryptocurrencies on the market before investing than to follow the hyped crypto coin. That would have saved me from making investment in shitcoins.
DYOR (Do Your Own Research) & Learning from other people's experiences is the best and most effective way to learn and understand something. so we don't go into the wrong place like shitcoins  Cheesy

Good, I can say that I also made some research, I discover this forum because I was interested to learn and honestly I was not wrong, I'm very thankful I find the forum as I learn a lot of techniques here on how to make money and it broaden my knowledge in crypto, it introduces me also to altcoins market which I made a decent money in the past.
I am also very grateful to this forum. This forum is very educational and very good for us to be able to increase knowledge about crypto currencies and which cryptocurrencies are best for investment  Grin

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August 03, 2019, 04:17:27 PM
 #122

Imagine that you are a new player in the crypto world and have no idea about this topic.
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment? Smiley

Many of those options are puzzling me even now that I am not new to the market.
I think that I would still try to find a great altcoin and invest some money on it. I know that you can hardly find a good alt to invest but I think that if you are lucky enough you can make good profits.

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August 03, 2019, 05:45:39 PM
 #123

Imagine that you are a new player in the crypto world and have no idea about this topic.
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment? Smiley
the state of the crypto world now is not the same as before. if you means in here is invest by trading, maybe the standard concept is still the same as before, buy when lower price and sell when price increase. but if you want to invest with other coins (altcoins), i think you must learn carefully that altcoins so that you don't lose your money in the next time

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August 03, 2019, 06:04:00 PM
 #124

In a way it's easier now for Bitcoin users and in a way it's harder.
It's easier because Bitcoin is now lot more popular and accepted than 5 or 6 years ago, there are lot more available informations, different tools, a lot of exchanges and everything. But before it was easier because there were not so much scams and frauds, not so much fake news about Bitcoin, transaction were almost anonimous.
Anyway, I wouldn't like to be a beginner now.

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August 04, 2019, 09:08:42 AM
 #125

If I were to be new to crypto, I will invest in a coin that many people a making a fuss about..that's Bitcoin. I will read more about crypto currencies and trading so I can venture into it with a little percentage of my salary.

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August 04, 2019, 09:27:28 AM
 #126

I think I will still be doing the same.

I am not 100% focused on my investments and my tradings, I am still working so I think I will be doing the same, work and cryptocurrencies. You see, all of my colleagues know what crypto is, so if I don't know what it is, there will be a lot of people that will tell me and push me to invest in this. I will still take the path I'm in right now.

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August 04, 2019, 09:44:16 AM
 #127

Don't really need to imagine, I can quite clearly remember the first time (that I remember well anyway, if there were an earlier time, forgotten with sands of time) I heard about it. This was in early 2013.

I was actually interested, but I'd always been interested in digital money and my circumstance was that of having been burnt truly badly in the past by e-gold (you can look it up) -- and I was not ready to throw in more years and wasted effort only to have big brother take it all away from me.

That blinded me from really looking into it. I heard about its cryptography, I heard about its scarcity etc... those were what the media pointed out -- I also heard about rapists/silk road/guns/drugs but those also affected e-gold or any other predecessor so that was normal -- but I did not understand what truly distinguished Bitcoin: that it was trustless and that it was not controlled by any entity.

The second proper time I was introduced to it was in 2015, after ending a long professional career and recovering from a serious illness. When you suddenly don't have employment for this first time in your adult life, laying in hospital bed, you look online:)

I discovered Bitcoin again, found out it had become way more popular than it had ever been... there were even altcoins now and merchants and exchanges.

Oh and there were all kinds of schemes too. Easy money with Bitcoin. Mine and earn and whatever. So I was new to that. But I took my time, learnt and got familiar. Used a wallet, signed a tx, etc. I'm a regular guy. Took me a while. I think any regular person should be able to do this =)

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August 04, 2019, 04:11:54 PM
 #128

Imagine that you are a new player in the crypto world and have no idea about this topic.
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment? Smiley
Lot's of question gathered here .However i never wanna go to the back where i was blind at crypto .If i were new i would buy much and more btc and save it securely until i sell it on high as it is now .I think we still have the chance to full our bag and study more on crypto as well.

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August 07, 2019, 07:02:50 AM
 #129

Maybe I will read a lot of topics here in this forum to gain knowledge on what is cryptocurrency and blockchain is. It is important that i will know the basics and how it works so that I can have a full understanding on it before doing some action.

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August 07, 2019, 07:53:59 AM
 #130

I think new players need a lot of experience to be able to draw a lot of valuable lessons. Besides, we should practice more than study theory. You should stay in this forum longer, read many other people's topics and have a better overview of the market. Opportunities always appear if you know how to capture it. Stay calm when you lose something and find a way to get it back

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Mr. Ar_Mongi
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August 07, 2019, 08:06:09 AM
 #131

Perhaps I would read would be a huge number of topics on this forum to gain some experience.

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August 07, 2019, 08:13:17 AM
 #132

There are some good rules for this.
If you want to invest in this, then invest in Bitcoin. Never invest in more than 2 alt coins.

Do not invest more than 0.5% of your earnings. Better, if you are new, do not invest your hard earned money in something that you do not know. It is risky, it is like gambling lottery or roulette.

If you have decided to do this, read some books (stock market, forex, etc).  Then try to trade for 15 years on virtual money not on real money. Read everything you can on this, read everything you find on the internet, etc.

After 15 years doing this (on virtual money) you will learn that you can earn good money.
  



 
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August 07, 2019, 10:23:57 AM
 #133

It always starts with doing some good research about the topic. So It would be wise to read the Bitcoin whitepaper first. Also I would recommend to get to know what a distributed Blockchain network is all about.

If you are about to invest into crypto but also a little bit overwhelmed by all the possible exchanges don't worry too much about that. Just pick the biggest ones in trading volume. This could be Coinbase , Binance or Bitfinex.

I wrote an interesting article about starting investing in cryptocurrency.Hope this could be helpful!

 
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August 07, 2019, 10:26:41 AM
 #134

Perhaps I would read would be a huge number of topics on this forum to gain some experience.
Much better to start from reading and understanding those important information to form a good system if you have some plan investing or joining the crypto industry, the market always have different outcome choosing the right path and collecting right knowledge to be used will give a good edge getting to be more successful from your journey towards to this investment venue.

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August 07, 2019, 10:33:00 AM
 #135

My initial step was watching YouTube video on crypto currency! Reading book is not my preferable way of learning in 2019!

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August 07, 2019, 01:54:27 PM
 #136

Imagine that you are a new player in the crypto world and have no idea about this topic.
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment? Smiley

i wont imagine , ill just go back to the memory i have once i was introduced to bitcoin back year 2015
I got to know bitcoin just by scrolling the net, next thing i know is i was so eager to know about it.
i linked up to people with the same interest and started a group in facebook so we can backed up each other with informations.
i learnt first about faucets then hyips then dice games then trading lastly i learnt being a bounty hunter.

if i was a newbie now i will learn to get altcoins or bitcoin that you can acquire for free i guess. Just like what i did when i started.
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August 08, 2019, 06:30:58 AM
 #137

I’d start with getting a basic knowledge of the crypto world by reading blogs, following crypto news channels and more. Along with this, I’d seek advice from someone who has been investing in cryptocurrencies for a while. Also, the bitcoin forums might be of good help where we clear our queries.
Before investing, I’ll make sure to do in-depth research about the coin. One thing I’ll keep in mind is not to invest all of my saving as cryptocurrencies are just a gamble.
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August 08, 2019, 06:45:12 AM
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 #138

I will refer to the information on the internet, people who evaluate and advise new people on social networks, when I understand a little bit of experience, how will I experience Altcoin, trading and buying? How do I send them for safety to buy and sell at the right time I feel a little worth increasing, spending a little money to experience my experience, when I am proficient I will invest a lot slightly.

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August 08, 2019, 07:26:40 AM
 #139

Imagine that you are a new player in the crypto world and have no idea about this topic.
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment? Smiley
I think, I would definitely read some articles or, better even, find the person who had a hands-on experience in blockchain, it`s always better to learn from somebody`s experience.
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August 08, 2019, 10:04:04 AM
 #140

when we are interested in something, of course we study it. whether it's from books, youtube, articles, or other news. we will look for information related to that. a few years ago I was new to the world of crypto, but now, I am quite used to this. continued learning is the thing that needs to be done.

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