Invest for beginners

[cryptoinvestorrr]

Heyy guys,

I just started to invest money in crypto last month. What I invested is only famous cryptocurrencies such as bitcoin, etherum and ripple. Could someone recommand me about the websites or videos which can teach beginners how to invest in crypto? Thanks!




Best wishes

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[Upgrade00]

As an enthusiast, you would want to learn more about the assets you are interested in;
Check out this articles for information on basics of Bitcoin as well as best security practices;
- https://www.coindesk.com/learn/
- https://cryptosec.info/wallets/

As an investor you would need;
• A tool with which to monitor the changes in the market. For this you could check out https://tradingview.com/ or regular cryptocurrency market trackers like, coingecko or CMC

• Optimum security practice; this begins with a secure wallet to store your assets in. I recommend a hardware wallet like ledger or trezor, ensure you get it from the official website. You should begin to practice safe browsing and be more alert when using the internet, if you chose to be your own bank, you also have to take responsibility.
Recommendation from a forum member;

Stop using Google to find the website of exchanges, services, or wallet.

Stop following random links without checking the URL.

Start using uBlock Origin.

Never type your seed in anywhere.
...

• You would also need an investment plan, to avoid panic selling or bag holding. Check out this thread - (SSS) - A Sane and Simple bitcoin Savings plan
.
Note: Your plan should be customized to you, take ideas of other as just suggestions.

• It would help to stay ahead of the market, explore changes and updates and decide what should and should not be in your portfolio, this forum can be a very useful tool for that. Good luck!

[Charles-Tim]

In addition, you need to know that scammers are everywhere on the internet, and they are ready to steal your bitcoin and/or other cryptocurrencies. To avoid them is not hard, only what you have to do is to avoid unsafe use of your device used as crypto wallet. Or, better use hardware wallet which are the safest, but still very important to avoid malware, as malware can also still change your recipient address into scammer address.

[The Cryptovator]

It's quite complicated to find such as the website from where you will find how to invest. Most of them will lead to investing in scam projects. You have to do your own diligence before invest, trusting blindly will not be a good idea. You should have historical knowledge about any coin where you are going to invest and how they are potential, what is their concept. More importantly, you should know how strong their team and community. Just spend more time with the crypto community like this forum, so you will be able to learn practically.

[hd49728]

To invest, you have to start with a quiet place, to stay inactive (it is best if you can mediate) to rescan all things you did so far in your life. This process is done to help you figure it out that how your emotion is (flexible, changes quickly, unstable) and how you control your emotion.

That is the important thing in investment and in trading. I know investment and trading are different but emotion and control emotion are important for both.

If you feel you have bad emotional reaction and lack of ability to control it, try to practice more and control it before you start your journey in crypto. The journey will take such disadvantage of yours to steal your money.

[mk4]

A quick genuine question: I'm not going to make complete assumptions, but  do you actually know what you're investing in? Namely, "bitcoin, etherum and ripple"? I'm asking this because one or two of those assets in your list is a really really bad investment in my opinion.

I genuinely wish you the best of luck though.

[minairia3]

A quick genuine question: I'm not going to make complete assumptions, but  do you actually know what you're investing in? Namely, "bitcoin, etherum and ripple"? I'm asking this because one or two of those assets in your list is a really really bad investment in my opinion.

I genuinely wish you the best of luck though.

For me his just being a playsafe investors. Even without much knowledge on those he mentioned simple analogy of being on a top spot on cryptocurrency can be please to invest on those regardless of the cons some of the coin have. Even me, I will invest on those compared to new shitcoins coming out from defi hype. Im curious which one should invest on your opinion aside from bitcoin?

The market is so volatile so we can learn from an expert regarding which one can at least save us from being rekt. Thanks for your response.

[rhomelmabini]

Isn't is a mistake on your side which you invested already yet you still learning the space? Somehow it's good thing you invested on bitcoin but on the education side not just you but for other future investors on the crypto space it's literally the best if you learn it first rather hopping in just because of hype or other FOMOs. Crypto is very volatile.

I think I'd recommend it here more than any other platforms.

[Assface16678]

There is a lot of information right there and if you are trying to learn why not start here on our forum but if you have a budget for learning there are a lot of courses right there which is one of the examples is the

Udemy
Edx
Shaw academy

Those are the common platform for learning but if you don't want is you can visit on YouTube because most of the time there are some channels giving some free lessons which are a whole playlist on their videos that you can try too.

You can try too the binance for buying coin if this supported on your country

[sujonali1819]

Investment for a beginners is really a big challenge. So when a beginner decide to invest in crypto must need to learn about it. Yes, you can do it without learn but most of the cases you will be failed. So you have to learn must.
What coolcryptovator has said that, it’s indeed risky to suggest any site which will show you a good way without their interest. That means they will suggest you to invest in where they have invested/can earn some passive income. So I will only suggest you to gain knowledge about cryptocurrency by using youtube and google so that you only can take a good decision without any help from others. Good Luck man.

[mk4]

For me his just being a playsafe investors. Even without much knowledge on those he mentioned simple analogy of being on a top spot on cryptocurrency can be please to invest on those regardless of the cons some of the coin have. Even me, I will invest on those compared to new shitcoins coming out from defi hype.

I'd say picking the top assets would be a safe play when talking about stocks, but crypto? Knowing that XRP is in the #3 spot? Definitely not.

Im curious which one should invest on your opinion aside from bitcoin?

Personally, bitcoin only. The rest? I'd rather invest in personal businesses, or on the stock market.

[NVZNtoken]

The best place to start is the Bitcoin Whitepaper. Many people completely neglect it, but it is a quick read and even people with no technical knowledge can understand the basics of blockchain technology with it. Since the Bitcoin and the Bitcoin Whitepaper specifically is where the entire crypto rush started, so reading and understanding it will be a great starting point and give you a good grasp of the crypto ecosystem as a whole.

[Yamifoud]

There are a lot of videos in regards to investing crypto and teaching you how to invest, choosing the best coins, and many others but you don't be surprised that it leads you into one exchanger.  Could be just misleading, that is why I'd never watch videos especially when it looks like they promoting something.

As a newbie, we better not to interact easily with those videos that we usually see online or anything we read about crypto. Because most of them are not true and not worthy of trust. This also not a thing that helps you, they are only catching your attention and might bring you there to suffer. It could be nice if we spend time to observe and so we have time to assess their legitimacy.

[masulum]

I'd say picking the top assets would be a safe play when talking about stocks, but crypto? Knowing that XRP is in the #3 spot? Definitely not.

In addition, if the CMC ranking is used as an indicator for choosing altcoins by beginner investors, then I strongly agree with you if that a big mistake. Because the CMC ranking cannot be used as an indicator for investing in crypto. It's will be useless if even the coin has high CMC rankings but in the end they become a scam. Beginner should also check historical data of CMC ^{(example snapshot link)} there a lot of top altcoins in the past, currently doesn't have any volume or doesn't have a market.

[tranthidung]

A quick genuine question: I'm not going to make complete assumptions, but  do you actually know what you're investing in? Namely, "bitcoin, etherum and ripple"? I'm asking this because one or two of those assets in your list is a really really bad investment in my opinion.

Ripple is the bad one and Ethereum is not good as many people thought of. It is not completely wrong to say Ethereum is used by scammers as their very favorite tool to create their scam projects, then steal funds from investors. Such abuse brings adverse effects back to Ethereum price, keep it at low for a long time (high fee, abuse from scammers).

ICO, IEO, then DeFi this year. I also see a shooting star that tries to replace or at least repeat what Ethereum has, and has been used more popularly by scammers, TRON. Who can forget the lunch of Justin Sun?  

I know what scammers can abuse on anything they can use as their tools. Bitcoin, Ethereum, TRON, and any other cryptocurrencies. Investors can not blame on Ethereum's core team responsibility for their own bad investment choices. It is how market works (bad entry, bad exit, loss) and how winners and losers on the market earn or lose money.

As said, 'it is not completely wrong' but it is unfair to say Ethereum is a scam and is created for scammers. Bad or good depends on how each person uses it.

Alfred Nobel’s life and work (invention of Nobel has two sides and we can not blame on him on how bad guys abuse his invetion)

[mk4]

Ripple is the bad one and Ethereum is not good as many people thought of. It is not completely wrong to say Ethereum is used by scammers as their very favorite tool to create their scam projects, then steal funds from investors. Such abuse brings adverse effects back to Ethereum price, keep it at low for a long time (high fee, abuse from scammers).

ICO, IEO, then DeFi this year. I also see a shooting star that tries to replace or at least repeat what Ethereum has, and has been used more popularly by scammers, TRON. Who can forget the lunch of Justin Sun?  

ETH being a good or bad "investment" is still heavily debatable imo, even though I personally don't hold any. It still sucks in it's current state but it could change(though I'm not betting that it will).

As for Ethereum being used for scams, I don't think it's a good argument to be against Ethereum; as people would always abuse the fact that anyone could build stuff on Ethereum, just like how people abuse the pseudo-anonymity of Bitcoin.

As for XRP though..

[somethingwicked]

There are a lot of videos in regards to investing crypto and teaching you how to invest, choosing the best coins, and many others but you don't be surprised that it leads you into one exchanger.  Could be just misleading, that is why I'd never watch videos especially when it looks like they promoting something.

As a newbie, we better not to interact easily with those videos that we usually see online or anything we read about crypto. Because most of them are not true and not worthy of trust. This also not a thing that helps you, they are only catching your attention and might bring you there to suffer. It could be nice if we spend time to observe and so we have time to assess their legitimacy.

Thanks for the warning, wish I wasn't so naive when I just started.
Gladly it wasn't a big sum.
Well, lesson learned.

It might sound pretty obvious to some, but that's a good reminder, Yamifoud.

[pooya87]

I'd say picking the top assets would be a safe play when talking about stocks, but crypto? Knowing that XRP is in the #3 spot? Definitely not.

that is the main reason why shitcoins such as ripple (100% premine) and ethereum (72 million premine) inflated their market cap with fake (out of circulation) supply. to remain on top of the list that is sorted using the arbitrary and very wrong value known as market capitalization.

that means newcomers see it on "top" and think it is "famous" and a "good investment" so they start buying it up. so far it seems to have worked for them nicely but i don't think things would continue this way for long. after all the "top 10" altcoin list has changed significantly over the course of the market existence multiple times already.

[Kamilaz]

A quick genuine question: I'm not going to make complete assumptions, but  do you actually know what you're investing in? Namely, "bitcoin, etherum and ripple"? I'm asking this because one or two of those assets in your list is a really really bad investment in my opinion.

I genuinely wish you the best of luck though.

BTC and Ethereum is pretty good. Ripple, on the other hand.... let's not even start.

[SomeJasonGuy]

As a beginner, bitcoin and ethereum are standard and good investments. All altcoins, in my opinion, are only good as trades. You eventually want to trade them for a profit in bitcoin and therefore accumulate more bitcoin. Very, very few projects other than say NEO and Cardano stand the test of time and even if you look at those projects, they don't really have strong charts compared to bitcoin.