Some quick advices for crypto newbies

[Bravehash]

Quick advices for crypto new comers


1. The best time to build a portfolio will always be in bear market

2. Hold top altcoins with good potential for long term purpose only

3. Never get tired of holding top altcoins cos they will surely pay off, there are many holders that sold too quick before 2021 gets here and look, here we are and btc is more than 40k

4. Don't bother building mining rigs when ethereum  mining have become profitable for months already and difficultly have rise up so much, meaning you will be buying a 250$ gpu for 600$, yes it's happening with rx580 8gb right now, care more about making your ROI back fast before bear market gets here.

Honestly some are still rushing to buy GPUS at high price, are you even thinking?

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[Yogee]

I bet you were able to build volume on altcoins from 2018 to 2020. Newbies of today won't be thinking about those things right now when almost every cryptocurrencies [old and new] are pumping up. What's probably more appropriate to say now is to invest what you can afford to lose and take profits so you can prepare for the coming bear market which could start next year. They won't be newbies anymore by the time bull market is over.

[sheenshane]

1. The best time to build a portfolio will always be in bear market

It's good advice, but how did you know when the bear market will exactly happen?  When the exact time to build a portfolio?

These are the most common question of the newbies that I always noticed since we don't when the market becomes bear and when it becomes a bull trend.
 It's always unpredictable regarding that matter.  IMO, anytime is a perfect time to enter the market either bull market or in a bear market, but the question is how long you're willing to wait and to see that your profit was there.  Crypto investment isn't a matter of weeks or months, it should be better if we talk about years of holding your portfolio.

4. Don't bother building mining rigs when ethereum  mining have become profitable for months already and difficultly have rise up so much, meaning you will be buying a 250$ gpu for 600$, yes it's happening with rx580 8gb right now, care more about making your ROI back fast before bear market gets here.

It's a good idea too, but it might depend on which country you are in, mining isn't the most profitable if you are in a country that has very expensive electric bills.  Otherwise, it might you will save from electricity costs if you're in a cold place country.  Like Russia or China.

There are too many things to consider before making an investment in crypto.

[MRKLYE]

Pro-tip:

Do your own research and don't chase projects that have already set sail.

[CrossroadBTC]

1. The best time to build a portfolio will always be in bear market

It's good advice, but how did you know when the bear market will exactly happen?  When the exact time to build a portfolio?

These are the most common question of the newbies that I always noticed since we don't when the market becomes bear and when it becomes a bull trend.
 It's always unpredictable regarding that matter.  IMO, anytime is a perfect time to enter the market either bull market or in a bear market, but the question is how long you're willing to wait and to see that your profit was there.  Crypto investment isn't a matter of weeks or months, it should be better if we talk about years of holding your portfolio.

4. Don't bother building mining rigs when ethereum  mining have become profitable for months already and difficultly have rise up so much, meaning you will be buying a 250$ gpu for 600$, yes it's happening with rx580 8gb right now, care more about making your ROI back fast before bear market gets here.

It's a good idea too, but it might depend on which country you are in, mining isn't the most profitable if you are in a country that has very expensive electric bills.  Otherwise, it might you will save from electricity costs if you're in a cold place country.  Like Russia or China.

There are too many things to consider before making an investment in crypto.

Good question, I believe the exact time to build portfolios is when crypto values are in huge loss around 95% of their ATH, this is the perfect time to move and accumulate your coins and tokens and patiently wait for another bull cycle, so what do you think?

[BIT-BENDER]

Quick advices for crypto new comers


1. The best time to build a portfolio will always be in bear market

The examples 2021 crypto-currency profits made by holders is energetic, -Newbies- are not compulsory too low in capital type, although for a new it's adviceable to start with low risk, ADVICEABLE but not compulsory, with bitcoin, but compulsory for me with alt-coins, if a -Newbies- can establish a Bitcoin investment now why not, the gain may not be now, but repeatition happens in crypto-currency, example  2017 and now 2021.

[JeromeTash]

1. The best time to build a portfolio will always be in bear market

Always buy the dips
Basically Newbies should never buy when the price is already at all time highs due to FOMO

You forgot another very important Tip.
- One should invest what they can afford to lose so that they are not forced to sell off assets at low prices to spend on other expenses

It's good advice, but how did you know when the bear market will exactly happen?  When the exact time to build a portfolio?

These are the most common question of the newbies that I always noticed since we don't when the market becomes bear and when it becomes a bull trend.
 It's always unpredictable regarding that matter.  IMO, anytime is a perfect time to enter the market either bull market or in a bear market, but the question is how long you're willing to wait and to see that your profit was there.  Crypto investment isn't a matter of weeks or months, it should be better if we talk about years of holding your portfolio.

Bear market is the easiest to spot and catch, but the problem is people are usually to terrified to buy during those times. Let's take an example of the previous bear market bitcoin was worth $3K, $4k, $5k, $6k, $7k, $8K for several months. Anybody who bought during those times could have easily enjoyed profits during this bull run.

[kawetsriyanto]

Imagine if we are newbies, we commonly know about Bitcoin and also crypto when the market is bullish. Crypto News is everywhere, status, updated, and all information of the crypto. Thye will commonly come into the crypto world because they're interested in crypto-based on the bullish news. And what happens is that they want something instant. They think that putting certain money into crypto is better because they can get profits from the exchange as well.

[Rengga Jati]

1. The best time to build a portfolio will always be in bear market

A newbie may not know where is the time of bearish. And most newbies come to the crypto world when the crypto is very booming, hype, and also influenced by popular people or friends with their high profits at that time. And mostly, it happens in the bullish era. But, it is only general, if a newbie enters the crypto world when bearish, it is good enough, but of course, should know how to hold for the long term.

2. Hold top altcoins with good potential for long term purpose only

That is right if we are willing to long-term hold, top coins are the best choices. However, they are actually also promising for daily trading if they can. Or short-term. Just never panic if the coins are even dropped or experiencing a market correction. Most newbies are panic so much when the coins that they are holding are dropped significantly in one day.

[GreatArkansas]

Pro-tip:
Do your own research and don't chase projects that have already set sail.

True. But most of the time this is difficult. Difficult to identify the bottom of it is already 'sailing'.
And also, how can we define if a project already on the top or sailing already?

There are some projects that are creating multiple highs after breaking previous highs, so let's say if you entered on the first breakout of the all-time-high, you may still get profits along the way. But this is still risky.

[akirasendo17]

I think you can also build a portfolio even when it bull run, it's just a matter of what projects you will jump in, sometimes since there is hype in the market, every token or coin has the possibility to go up, having said that if you will just put money without knowing if it will profit you or not is a big mistake, another thing to build your portfolio is to get profit in some investment and buy tokens that are solid projects, repeat this steps and you will be on your way up.

[libert19]

4th point, if you believe in long term potential of coin you are mining then short term roi shouldn't matter. I read story on Reddit, two friends were planning to mine BTC in 2012 but it wasn't profitable at that time so they let go of the idea.

[HashingTower]

4th point, if you believe in long term potential of coin you are mining then short term roi shouldn't matter. I read story on Reddit, two friends were planning to mine BTC in 2012 but it wasn't profitable at that time so they let go of the idea.

So true, mining should be considered for the long term run, right now ethereum mining is still profitable but after few more weeks it won't anymore and I'm sure many will panic sell their gpu but bull run will always be back anyways

[Peanutswar]

I think you can build a portfolio even though its not already the bear market because it depends on your capabilities and wants if you just want for a long time investment why not hold already some of your funds to those stable coins and wait for the right time to make an investment, there is no specific time or date I think to build your own investment. I think the best is to make an investment in those coins who you think becomes more profitable sooner or later, stop listening to the rumours that came from not reliable sources some of them just want to manipulate other newbies to fail and make some changes to those coins so they can trade like sell their coins.

[Lucius]

1. The best time to build a portfolio will always be in bear market

Well that should be quite logical, we all like to buy when there are discounts, and it is a well-known fact that cryptocurrencies have their discount periods, some call it crypto winter. From the perspective of those who invest in the long run, timing may not be crucial - because even if someone buys 1 BTC now, in 5 years it would be realistic to expect that his investment will be worth maybe even x5. The risk of course exists - but turning $50k into $250k doing nothing from the current perspective seems like an offer worth the risk.

2. Hold top altcoins with good potential for long term purpose only

The problem is that people are looking for super cheap altcoins that they buy in large quantities, yet most of them fail before they achieve any success, if we can call the pump a success at all. It’s true that those who have bought some already well-positioned altcoins over the last 2 years today have reason to say they have succeeded - but it’s a game where few win and most still lose.

4. Don't bother building mining rigs when ethereum  mining have become profitable for months already and difficultly have rise up so much, meaning you will be buying a 250$ gpu for 600$, yes it's happening with rx580 8gb right now, care more about making your ROI back fast before bear market gets here.

Crypto mining is for professionals who know math, not for amateurs who buy 2 GPUs and think they will achieve something like that, even if they steal electricity from neighbors