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Author Topic: My personal point of view as a beginner ....  (Read 1543 times)
Lauren Smith
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August 03, 2019, 09:36:11 PM
Merited by micgoossens (2)
 #81

I don't understand how stupid people can be. What do they expect when they invest in altcoins when they have an understanding of what they are doing. Then they call the coin shit. It is their own fault for pissing their own money away. Clearly, their money has little value to them or they would have held on to it for longer. As long as stupid people keep buying and doing bounty for terrible projects and altcoins the longer they will be around.
The feeding scams nice and fat and then doing it some more.

Then you get people who seem to be having their wallets hacked every second week? How??? For god sakes how?? It is easy to understand. You have a wallet and a key to the wallet. Like a key to a safe. IT is literally that easy. All you need to do is backup a small amount of numbers and make a few backups and keep them in your safe or other places as well. I say the more backups the better. DO people not think when they visit funny sites asking for weird permissions?? I understand when people who are careful might get hacked but some people are just plain thick.

People work so hard for their money then they lose it in seconds....

 
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August 06, 2019, 09:51:34 AM
Last edit: August 06, 2019, 11:18:43 AM by OcTradism
Merited by micgoossens (2)
 #82

Form your stories, I thought you all already been rich, because you invested in Bitcoin so early, before 2015. Everyone has different chances, but taking chances or not, it will make different destinations. I just knew about Bitcoin recent months. I heard about Bitcoin when it hits it's ATH nearly $20,000, but hesitated to start to invest when Bitcoin dumped to below $3200. Now, I thought I eventually bravely enough to enter at price $9500 days ago. Hope that it will help me to exponentially increase my balance next 6 years.
By now, my balance increased considerably with Bitcoin runs last few days, and I am very happy with the King's performance. Today I saw an article on history of Bitcoin halving, that is interesting. I will upload that image in the post next hours.

Source of image: https://ihodl.com/infographics/2018-04-09/chart-day-bitcoin-reward-halving-and-price-history/

OcTradism. I am Oc.
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August 16, 2019, 08:31:04 PM
Merited by micgoossens (2)
 #83

My friend Mr. Goose asked me to post here to help out beginners. Here is the comment he was interested in  https://bitcointalk.org/index.php?topic=178336.msg52175836#msg52175836

Newbs here is my simple advice. Invest in King Bitcoin and nothing else except your own skills and or education. Make sure your income can sustain your lifestyle so you never have need to sell your investments in till you are good and ready.

The time to diversify into stocks, bonds, land, etc will come, but for now King Bitcoin will be crushing them all in the coming years.

Shitcoins are to be shunned like an STD.

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August 17, 2019, 02:38:01 AM
 #84

As a newbie, they should learn how to use Stop loss: One of the Best Weapons in Trading
Before making buy orders, people always should identify prices at which they will take profits and cut-loss. After their buy orders filled, set cut-loss orders to control emotions, just in worse cases.


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micgoossens
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August 23, 2019, 10:10:11 AM
 #85

I stop here. These legadary users have again forgotten their netiquette.

I am no idiot. I am doctor of emergency medicine have studied 6 years at german university and 10 years in job having saved hundrets of lives.

The only reason to use this forum is to check the altcoins ann thread. Thats not possible at discord.

I am so sorry I forget that again. Apologise me   Grin

Again best advice stay away from the Altcoins, Focus on BTC or on saving those lives.... But Altcoins probably will destroy yours ....

XhomerX10 designed my nice avatar HATs!!!!!  Thanks Bro
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August 23, 2019, 05:05:23 PM
Merited by micgoossens (2)
 #86

Thank you for giving us this kind vision for us novices. So many problems at first Hatta understood everything We can say that this forum has become a reference or key to all things and knowledge related to Bitcoin and cryptocurrencies in general Because I was a designer I gained everything I needed about Bitcoin within months by reading the topics and discussing them with others. All beginners can earn whatever knowledge they want in a short loft if they are determined to do so

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How much alt coin diversification is needed? 0%?


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August 23, 2019, 06:08:55 PM
 #87

My friend Mr. Goose asked me to post here to help out beginners. Here is the comment he was interested in  https://bitcointalk.org/index.php?topic=178336.msg52175836#msg52175836

Newbs here is my simple advice. Invest in King Bitcoin and nothing else except your own skills and or education. Make sure your income can sustain your lifestyle so you never have need to sell your investments in till you are good and ready.

The time to diversify into stocks, bonds, land, etc will come, but for now King Bitcoin will be crushing them all in the coming years.

Shitcoins are to be shunned like an STD.

I had read Lambie's post earlier, and I had not responded to it because I consider some of what he says to be over the top, in some ways.

Personally, I don't mind a newbie strategy that might begin investing by focusing on one investment and then later branching out as the investment matures.

In other words, I don't believe that it is good to keep your eggs in one basket, and so Lambie's assertion that he only owns bitcoin and has no other assets, seems a bit extreme to me.

Don't get me wrong, I think that diversification should be attempted in other asset classes, but I don't really that diversification is necessary in crypto.. meaning that almost every single other crypto is already hinged upon the performance of bitcoin, so diversification into other cryptos is not likely necessary, but diversification into other asset classes could be a prudent move, once you build a bit of a decent stake into bitcoin... whether that is 10% of your net worth or some other number that you believe to be reasonable.  Again, some people will take fairly aggressive strategies towards bitcoin, and it seems to me that 70% or higher is way too fucking high... but of course, that is a personal choice regarding how much you believe that gambling is a prudent strategy.

On the other hand, if you invest 10% or 20% or 30% of your investment funds into bitcoin, but those funds become 70% or 90% in bitcoin due to BTC appreciation, then I don't feel so compelled that any kind of reallocation back down to your original amounts is actually necessary, so long as the rest of your bases of diversification is covered.

Regarding Lambie's other assertion regarding making sure that you have your expenses covered for a decent number of months (including a decently-sized enough emergency fund), I think that remains important, especially in bitcoin when bear markets might drag on for a few years before you are really able to see a profit, depending on when you begin to invest and the uncertainties of the actual price movement.  So the higher that your investment into bitcoin, in terms of percentage that you decide to allocate to it, then likely the longer your time horizon needs to cover for your regular expected expenses plus emergency fund.  The reason for maintaining such a fund is that you really don't want to be having to dip into your BTC fund at a time that is not convenient for you including BTC price tanking (which sometimes happens), and the best time to dip into your BTC fund would be when it has appreciated considerably... but having the expenses covered and the  emergency fund is to be able to get you through the worst of BTC price performance periods without you having to desperately dip into your BTC funds... at a time when you should be buying BTC rather than selling BTC.

Put BTC here: 35EVP8EePt8dyvKHaB7bXaRmKLm22YgRCA

How much alt coin diversification is necessary? if you are investing in Bitcoin, then perhaps 0%?
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August 27, 2019, 09:22:19 AM
 #88

My friend Mr. Goose asked me to post here to help out beginners. Here is the comment he was interested in  https://bitcointalk.org/index.php?topic=178336.msg52175836#msg52175836

Newbs here is my simple advice. Invest in King Bitcoin and nothing else except your own skills and or education. Make sure your income can sustain your lifestyle so you never have need to sell your investments in till you are good and ready.

The time to diversify into stocks, bonds, land, etc will come, but for now King Bitcoin will be crushing them all in the coming years.

Shitcoins are to be shunned like an STD.

I had read Lambie's post earlier, and I had not responded to it because I consider some of what he says to be over the top, in some ways.

Personally, I don't mind a newbie strategy that might begin investing by focusing on one investment and then later branching out as the investment matures.

In other words, I don't believe that it is good to keep your eggs in one basket, and so Lambie's assertion that he only owns bitcoin and has no other assets, seems a bit extreme to me.

Don't get me wrong, I think that diversification should be attempted in other asset classes, but I don't really that diversification is necessary in crypto.. meaning that almost every single other crypto is already hinged upon the performance of bitcoin, so diversification into other cryptos is not likely necessary, but diversification into other asset classes could be a prudent move, once you build a bit of a decent stake into bitcoin... whether that is 10% of your net worth or some other number that you believe to be reasonable.  Again, some people will take fairly aggressive strategies towards bitcoin, and it seems to me that 70% or higher is way too fucking high... but of course, that is a personal choice regarding how much you believe that gambling is a prudent strategy.

On the other hand, if you invest 10% or 20% or 30% of your investment funds into bitcoin, but those funds become 70% or 90% in bitcoin due to BTC appreciation, then I don't feel so compelled that any kind of reallocation back down to your original amounts is actually necessary, so long as the rest of your bases of diversification is covered.

Regarding Lambie's other assertion regarding making sure that you have your expenses covered for a decent number of months (including a decently-sized enough emergency fund), I think that remains important, especially in bitcoin when bear markets might drag on for a few years before you are really able to see a profit, depending on when you begin to invest and the uncertainties of the actual price movement.  So the higher that your investment into bitcoin, in terms of percentage that you decide to allocate to it, then likely the longer your time horizon needs to cover for your regular expected expenses plus emergency fund.  The reason for maintaining such a fund is that you really don't want to be having to dip into your BTC fund at a time that is not convenient for you including BTC price tanking (which sometimes happens), and the best time to dip into your BTC fund would be when it has appreciated considerably... but having the expenses covered and the  emergency fund is to be able to get you through the worst of BTC price performance periods without you having to desperately dip into your BTC funds... at a time when you should be buying BTC rather than selling BTC.


I don't completely feel the same way, I can understand that when you believe and did ton's of research you prefer to have your wealth in Bitcoin and no where else.... for me I believe it isn't to bad to have some property or land etc together with BTC and some spare cash or cash flow to cover bearmarket times.... but I wouldn't say its to aggressive if you are very aware of the bearmarket periods and risks, so if there is some cash flow or spare cash to live from, then I wouldn't think its the worst to be all in on BTC

XhomerX10 designed my nice avatar HATs!!!!!  Thanks Bro
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August 27, 2019, 09:24:12 AM
 #89

As a newbie, they should learn how to use Stop loss: One of the Best Weapons in Trading
Before making buy orders, people always should identify prices at which they will take profits and cut-loss. After their buy orders filled, set cut-loss orders to control emotions, just in worse cases.

As newbie they shouldn't be trading, probably they never should Smiley

Respect to btc that you HODL and keep stacking them by buying Tongue

XhomerX10 designed my nice avatar HATs!!!!!  Thanks Bro
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August 27, 2019, 09:29:31 AM
Merited by micgoossens (2), vapourminer (1)
 #90

I have a valuable lesson for beginners in crypto, that I unfortunately learned it myself from my losses.

In 2017, when crypto market exploded, especially altcoins, I traded profitable with altcoins, and with margin tradings, of course.
But the lesson is in uptrend market, your can get terrible losses if you do margin tradings, and you don't have enough skills and eperience to manage your orders. Don't cut-loss at the right time, don't set cut-loss orders.

As a result of my bad margin orders, I lost my fund along the way. Not only lost my profits, but also my capital too.

In a word, I would like to advice crypto newbies: "Don't use margin tradings, if you don't have enough skills and experience * in crypto market"

* Enough exprerience means at least two or three years in crypto market.

You can ignore that lesson, but you will learn your own lesson if you ignore it.

How to use cut-loss orders, please read: One of the Best Weapons in Trading

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|ROULETTE
MINES
TOWERS
DICE
CRASH
──── ─── ─
ONEnergy
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August 28, 2019, 11:52:13 AM
 #91

The main point of many that you are trying to introduce crypto is that you need to be some kind of IT guy to know how to deal with crypto. You proved and i am trying to prove others and introduce crypto as easy as it is possible. There is no need you know everything. The only important thing is not to get in rush and catch yourself into FOMO effect.

Crypto sphere is in early stage still so enter now even if there is another 50% drop it will fade away and you will sure not notice that drop in a few years.

I love that many serious crypto project out there are also doing some video presentation of crypto basics. Crypto seems to me like internet at early stage or online banking/online shopping  in a way. Majority was afraid of using it just few years ago and now it is spread world wide and i believe 70 of those that has access using both online banking and online shopping.

I believe crypto will develop same way.

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micgoossens
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August 30, 2019, 10:47:55 PM
 #92

^
You absolutely don’t need to be an IT guy..... its always easy to have Some computer skills or knowledge (which I didn’t ..... absolutely didn’t had.... people can vouch for that i’m sure of)

The main point is to understand the fundamentals of BTC and what its for in the world we are living in.....

Understand this and just be able to buy and hold Will already get you on the main road of the BTC story.

Further I would suggest to buy Some BTC with a use to experiment in the real world by using it to pay for things and usecasses etc

The most important is the first step of knowledge and understand why you are buying and believing in BTC, the rest Will follow true learning cause I bet when you get the virus.... you can’t stop learning more and more

XhomerX10 designed my nice avatar HATs!!!!!  Thanks Bro
micgoossens
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October 01, 2019, 09:46:06 AM
 #93

https://bitcointalk.org/index.php?topic=5160304.msg52609289#msg52609289
^
Q3 has finished, the winner been rewarded on to the next one ....


https://bitcointalk.org/index.php?topic=5188987.msg52609651#msg52609651
^
Q4= life for those who wanna join (please read the OP)


Congrats to the winner in here as well Cheesy



XhomerX10 designed my nice avatar HATs!!!!!  Thanks Bro
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