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Author Topic: How does one start on crypto?  (Read 2557 times)
Okereke
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October 19, 2022, 09:38:34 AM
 #161

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.
The first thing you need to do is learn about crypto. What concepts does crypto bring for people and how can people make money from crypto. After that, you can search for what ways will match with you and try many ways before you can get the right way that can work for you. Many people suggest you start trading but that will not be easy as you need to learn more details about trading because trading is not just to buy low and sell high. Well, that is the basic thing in trading, but there are more than that before you can make money from trading.

I will try to put this advice into use because I really need some side income to help sort out my financial needs as a student.
"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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October 21, 2022, 06:27:24 AM
 #162

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.
I think crypto is not an alternative to meet the needs of the economy in everyday life. because crypto has volatile price fluctuations. so in my opinion the thing that must be done to meet the needs of the economy in life is to work in real terms with a predetermined income.
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October 28, 2022, 11:59:05 PM
 #163

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.
Need to understand that crypto is not a quick get rich scheme when you will have to buy some coin now and in the next few weeks or days, you will now be in profits. Crypto is not like that. Get it to yourself that crypto has a lots of risks attached and those that do not know how it works are in big loses currently because they try to listen to everybody or nobody. We learn crypto so that we will be able to apply the knowledge in a long term use and better our lives. We all need to be very patient when we want to trade or invest in cryptocurrency because the market is going to test us a lots.

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November 11, 2022, 02:35:54 AM
 #164

At the beginning, it is in the initial stage. Profits and losses are the norm. These are the challenges you will encounter in the industry. First of all, you should study hard and understand the market to avoid many unnecessary mistakes.
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November 11, 2022, 02:49:26 AM
 #165

If you want to make short-term profits, it is not suitable to hold Bitcoin. Bitcoin is suitable for long-term holding. Your purpose is to make profits every month. You can buy a few mainstream coins, but the fluctuation will not be very large, because after all is a small amount.
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November 11, 2022, 02:59:33 AM
 #166

I think this may not meet your day-to-day needs or even lose money. It won't get you rich quick or make you profitable. You may make a little profit in the early stage, and you may lose money in the later stage. For example, when I first entered the market, I was hooked.
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December 16, 2022, 12:13:11 PM
 #167

Before starting crypto one must know the market well and then invest. To exchange any coin, it is best to know about the exchange first. Cryptocurrency exchanges are subject to various rules and regulations before making deposits. And to acquire a complete understanding of the market's skills. Then start investing with little money then slowly you must acquire good skills. And investing from small to large amount of money in exchange will surely earn good profit in future.
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December 17, 2022, 11:06:13 AM
 #168

I'd suggest using small amounts to start with. Make it a kind of hobby to gradually immerse yourself in all the intricacies of the process.
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December 21, 2022, 05:59:49 PM
 #169

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.
When you talked about starting on crypto, I felt as though you meant it in the sense of actually learning what it is about. I've got no pro knowledge or anything about that but, I'll sat, you shouldn't try to over load yourself or push yourself beyond limits just to grasps all that is at a go. It won't sink.

With you at OP, talking about monthly earnings from crypto investments, I dont think that's the way it works. The market is divided into sessions and the most dominant of these are the bears and bull markets.
At the moment, we still are in the bear market which means a time to do more of buys than selling and with that, it means less profit. How then do you hope to gain.
Perhaps you wish to go into trading but, that too is high staked. You could lose as easily as you hope to gain and that is a reality hence, its highly professionalised.

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December 22, 2022, 02:04:27 AM
 #170

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

Indeed, crypto is very interesting space and there are huge opportunities of earning in many sectors of crypto industry. It is better to start gaining knowledge about crypto through social media before you make any investment in crypto currencies. Invest in Bitcoin which is most decentralized and secure currency and potentially its price can go up many folds due to its limited supply. The current price of Bitcoin is very attractive for accumulation.









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December 22, 2022, 06:43:46 AM
 #171

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.
Dependent on cryptocurrency has become very difficult to define life nowadays. Because cryptocurrency is currently in a very bad moment. So we have to find some other means to sustain life. You can learn to work in crypto currencies as well as gain knowledge about trading on trading platforms.If you can gain experience from the trading platform, you can earn something from cryptocurrency.  Also, there are some additional tasks that you can learn and keep that will help you in the future.
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December 23, 2022, 10:41:40 AM
 #172

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.
Dependent on cryptocurrency has become very difficult to define life nowadays. Because cryptocurrency is currently in a very bad moment. So we have to find some other means to sustain life. You can learn to work in crypto currencies as well as gain knowledge about trading on trading platforms.If you can gain experience from the trading platform, you can earn something from cryptocurrency.  Also, there are some additional tasks that you can learn and keep that will help you in the future.
in a situation like this it is indeed very difficult to get a monthly profit that can cover monthly needs.
because the current situation is bearish and if you are not careful, even the losses you get are not profits.
but if you have expertise in day trading, it will be better to make profit from crypto to get monthly income without having to invest long term

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December 25, 2022, 07:14:03 AM
 #173

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.
Dependent on cryptocurrency has become very difficult to define life nowadays. Because cryptocurrency is currently in a very bad moment. So we have to find some other means to sustain life. You can learn to work in crypto currencies as well as gain knowledge about trading on trading platforms.If you can gain experience from the trading platform, you can earn something from cryptocurrency.  Also, there are some additional tasks that you can learn and keep that will help you in the future.
in a situation like this it is indeed very difficult to get a monthly profit that can cover monthly needs.
because the current situation is bearish and if you are not careful, even the losses you get are not profits.
but if you have expertise in day trading, it will be better to make profit from crypto to get monthly income without having to invest long term
With the current bearish season we are experiencing in the market price day trading is just the best option to fall on for someone with the intention of monthly stipends from cryptocurrency but this would actually be needing a person with good expertise in crypto trading in doing so else one might even lose their capital from first start. I would have said you buy and hodl but for someone that intend meeting monthly expenses that won't work out.
Give yourself to learning basics of daily trading and get yourself acquainted, if you can be making even a $5 profit per day accumulating it for 30 days, you can do the maths. Just keep away from greed.


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December 25, 2022, 04:33:46 PM
 #174

please do your own research before investing. remember that the cryptocurrency market is very risky and has a lot of volatility. especially in low satoshi coins, 5%-10% drops can be very common. your losses can be big. so be careful about stop-losses.

and most importantly, trust yourself no matter what. never act on emotion. to be confident, you have to know what you're doing, so you have to have a strategy that you follow no matter what the conditions are.
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January 07, 2023, 02:31:17 PM
 #175

Crypto is the real deal. So many people and families are surviving these prevailing hailing economies with the help of their involvement in crypto. You too can start earning passive income through crypto investigation. Make you do thoroughly do your own research before you delve into it.
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January 07, 2023, 03:12:54 PM
Last edit: February 28, 2023, 01:34:37 AM by Fara Chan
 #176

Crypto is the real deal. So many people and families are surviving these prevailing hailing economies with the help of their involvement in crypto. You too can start earning passive income through crypto investigation. Make you do thoroughly do your own research before you delve into it.
Many changes that occur to someone when they are familiar with crypto and learn technical methods, strategies and management (management), this is really needed. when someone has mastered it, good positive changes will change it both in terms of the economy or otherwise, we will get a lot of income and profit with Crypto, passive income and others.

However, Crypto is not spared from the market, this market determines the direction of continuation, in a Bearish (down) market, it is a little difficult to define life, as well as in reverse (Bullish) market conditions. In order to overcome this, learn in advance about good management, this will be used when market conditions decline, and it is arranged as optimally as possible so that there are no losses, and you always get profits.

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January 11, 2023, 09:50:11 AM
 #177

Here are several ways to make a profit, the most important of which are:

 - Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
 - Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
 - Gambling: I don't recommend it at all.

There are ways to acquire bitcoin, the most important of which is either buying it or providing services in exchange for it, such as programming services, marketing, and others.

So in short, you need to get a job and additional income to buy bitcoin, and then it is better to invest (do nothing and buy more when the price drops) and after several years you will make a good income.
Here are some of the ways to profit from cryptocurrency. Here you are talking about trading platform, if you want to profit from trading platform, you must know some strategies of trading platform. No one can make money from trading platforms very easily. So no one should take the trading platform lightly as trading here requires a lot of knowledge practice. But investment is a good medium to gain. You can easily earn money from investments. And if you want to invest, definitely investing in Bitcoin is very safe. Especially now is a good time to invest. Only those who have enough money to invest will invest. No one will invest in this cryptocurrency by borrowing.

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January 12, 2023, 04:23:17 PM
 #178

I think in the beginning we should learn from people who have many years of experience in this field, learn from them then practice based on your experience, if it is wrong, start learning. From there, you have to upgrade your knowledge because every year in the electricity bill itself is a completely new thing, try to Smiley Smiley
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January 17, 2023, 01:58:48 AM
 #179

I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.
I will give you as much idea as possible if you think you can make monthly income by trading crypto then you must have good knowledge about the market. At first you invest with a small amount so that you don't break even if you face losses and gradually you increase the amount of money invested. And later you will get your monthly income as a good amount by investing.

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January 21, 2023, 05:42:35 PM
 #180

I would tell you to avoid investing in crypto currency until you get a full understanding of crypto currency. You may have heard the good things about crypto currency through many but along with its good qualities there are some bad qualities that you may not know.  Every investor needs to have a complete understanding of the market before investing. Only when you have a complete understanding of a subject can you achieve something good from it.  First of all you should spend regular time on the forum and follow the posts of senior people in the forum. There are many investment related posts in this forum, hope you can get some idea by reading them. And nowadays there are a lot of good advice videos on social media which you might get a better idea about. Many times it is seen that many people invest in crypto currency without understanding, as a result of which it is seen that due to the lack of complete understanding and experience, they often face huge losses. So definitely know the investment related information before investing and then invest.
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