Newbie Come to Crypto What they should do first?

[Cling18]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I am not sure for now because I'm entering cryptocurrency 3 years ago. Too many coins right now that make me confusing

The first thing to do is to do a series of research about how cryptocurrency works as a currency and as an investment. A beginner should also know the risks of crypto investment. Next is having enough knowledge about the potential of the coin of their choice so they would know what to expect in the future. If a newbie is well knowledgable about crypto, he would also be able to handle his emotions towards it.

[1715054411]

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[1715054411]

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[Captain Corporate]

 I do not even think that top 10 is the key here. Its just about coins and tokens that have a future prospect. Like for example pancakeswap is not in anywhere near the top and yet I still would list that higher than a few of top 10s, think of the difference. The reality is that top 100 is cool, but you could find like 30 or so good projects in the top 100, the other 70 looks like they could be out of top 10 in 10 years. Why would I end up coins that are out of top 100 in 10 years? But I believe there are a good amount of them that will be in top 100 even after 10 years and those are the onest that you should invest.

[jc12345]

Here is my advice:

• There is a saying in crypto, "don't invest money that you are not willing to lose". This is the most important rule. Consider any money you put into crypto as already lost and that it went up in smoke.
• The second most important rule is to remove all emotion from your decisions. A lot of what happens in crypto is based on hype and fomo and if you get caught in that you will lose your money with 90% certainty
• In the end a lot of coins and tokens are musical chairs - it is fun to take part while the music plays, just make sure you are not the one without the chair when the music stops. This is called holding a bag
• Read this forum a lot - there are many gems of threads that will teach you stuff
• Read this forum a lot - but don't believe everything you read
• If you don't want to invest time to learn stuff of how crypto works and rather want to take short cuts, then play it safe and buy Bitcoin. Even in this sentence though "safe" is a relative word

 

[bitbollo]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

the best solution is read learn and study as much as you can about what is a crypto coin and why bitcoin has some monopole on that market. There are several explanations and reasons because bitcoin has this position on the market.
 I would not focus too much in other coins (altcoins) because if you have an extraordinary event probably you cant sell for the value you want.
as I have pointed out several times if you take in count coins from ICO mania it was not easy making money because (summarily):

At the end, after 3 years, a total of 67% of coins suggested realized 0 or negative profit!

[DoublerHunter]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

^ You are in 3 years in crypto but yet you still confused?
Altcoins are always separated from BTC which is BTC should be your main investment like putting allocation of 70% while altcoins are 30%. There are too many altcoins that are very risky to invest in, you should be careful on this and only invest of what you can afford. Try to focus on BTC and I think this is a lower risk than the altcoins investment.

[24Kt]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

^ You are in 3 years in crypto but yet you still confused?
Altcoins are always separated from BTC which is BTC should be your main investment like putting allocation of 70% while altcoins are 30%. There are too many altcoins that are very risky to invest in, you should be careful on this and only invest of what you can afford. Try to focus on BTC and I think this is a lower risk than the altcoins investment.

Maybe in those 3 years, she's not really allotting more time to crypto. Some really knows bitcoin a long time ago and yet, they are still in grasp how to transact crypto. Because in those years, they haven't find time to learn more about the market. Maybe they just know that bitcoin and other alts exist but no serious investments were made. In this forum, the Beginners & Help board - https://bitcointalk.org/index.php?board=39.0 is a very good one to start with if you want to educate yourself with basics in crypto.

[nelson4lov]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

There's no standard guide or pathways for newcomers in crypto to follow but I do think that at the fundamental level, the first step would be to learn about Bitcoin and blockchain. It doesn't necessarily need to be about how they both work in the technical level. The basics are good to go before starting to learn about where and how they wanted to actively participate in the space either as a trader, investor, or someone who provides services or possibly, Something else.

[Yogee]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

I would probably start with how blockchain basically works, non-custodial wallet and about wallet safety or security. You can tell everything about the market and how to choose crypto. It's important that they know how to secure their investment first.

[Natalim]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

I don't know what you are doing with that 3 years in crypto coz I think for that long in the crypto world someone will expect you to better and a knowledgeable person. I suggest telling your friend not to rely on you if you have difficulties in telling which coins are good for investment, you'd rather tell him to do the research personally as well.

What makes you confused is that you are not sure about yourself as well. I might be wrong but to assume that you are not doing well in your previous investment and you are in doubts now if your friend will fail he will turn you back and blame you.

[Sarah Azhari]

I think I suggest he buy BTC and eth, are those coins are good?

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

^ You are in 3 years in crypto but yet you still confused?

Because I'm vacuum between, I stopped and didn't know any news at that time.

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

I would probably start with how blockchain basically works, non-chstodial wallet and about wallet safety or security. You can fell everything about the market and how to choose crypto. It's jmportant that they know how to secure their investment

I have already created a wallet metamask and electrum, are those wallets are good? I just keep the secret word in my encrypted phone.

[DanWalker]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

Tell your friends, buy some bitcoin and hold, then start learning about the crypto market. You have been in the market for 3 years, also have some experience. show him crypto-related websites. and teach him how to find, research a project. Keep him away from shitcoins before he has enough knowledge to approach them.

[Pelana vreo]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

You don't need to be confused, Bitcoin and Ethereum are good projects, Vitalik buterin was on this forum too and he conveyed the idea, I bought some new coins from the profit I got, namely from Bitcoin and ethereum, then held the new coins for long term

[Frengki_cisco]

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

First I got to know crypto, for sure I will first learn exchange sites, how to buy and sell and about crypto developments, I don't jump into coins right away.

After all I understand then I am looking for information about coins that are worth investing in, for sure I will judge the coin from the maximum supply and circulation, if there is a little supply and circulation of the coin, then make a decision and don't forget the CEO and team.

[noorman0]

If your friend is confused about the choice, you should not recommend him to buy anything in advance. I had this experience with a friend, investing without knowledge will not make your friend enjoy the process and he will tend to bother you on his own which in the end he gets bored and leaves space.

Explaining the crypto market is more complicated than the ordinary stock market because 90% of the projects do not have a physical entity. You have to remember the important knowledge when you are starting out until you are able to make it this far, and teach it to your friends.

[Strongkored]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

Simple, if you feel you are not knowledgeable enough to suggest about crypto to your colleagues better do not do because it is very possible for you give wrong information, if he asks about crypto that is worth buying it is better to tell to use idle money and only buy coins that are already listed on CMC and also listed on major exchanges,  it is very risky to buy coins from new projects that have not been listed on any exchange.

[Gayong88]

Everything is new and changing and coins/tokens are being born all the time and up-to-date information is very much needed here, especially as you said above if someone wants to invest in the crypto world which is very volatile and changing all the time. basically, the goal is to invest and earn extra profit for the planned coins/tokens.

[rozak]

when I was still early to know crypto, what I did was take action right away. try trading, try investing, try airdrops, and more. however, it gave me a lot of knowledge naturally. yes, but I also often get scam places, and failure in trading. however, it's really fun when I think back on it.
Normally, when someone wants to try something new, he has to look for a lot of information, whether it's from reading, watching videos, courses, or other things. lots of places to study today. after that, he determines the coins he will choose, and determines the price. maybe some places have demos that you can try to trade, or invest. when he is ready, then he can start to try it directly.

You gain knowledge from your own experience. and that is very valuable knowledge. because it also hones our skills in trading and investing.
not many want to learn first because their knowledge of investment always brings profits. they don't understand the real risk.
what I understand is that we have to know crypto and how the crypto industry and market works. determining assets I think it depends on our understanding when studying successful projects.
most importantly never try at coin memes for beginners. sometimes it will trap anyone who does not have a good investment and trading skills.

[ledu_ico]

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[Ararbermas]

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

Can i ask you what did you do since you entered in crypto space?  

Because to be honest even months is enough time to study crypto, for example how to check good projects in the market and what's the important thing to remember and etc..

And it's too hard to believe that you're still lack of knowledge since all the information are already existing in the internet.
wherein it so very easy to learn about crypto especially nowadays because even you use a simple keyword about crypto you can easily get information.

So I'm confused what you doing since you entered crypto.  

[Adbitco]

I don't know which others, when i come first I look at coinmarket cap and learning a detil the coin I want to buy.

My friend ask me, what coin he should buy , but I not really sure for now because I'm entering cryptocurrency 3 years ago. Too many coin right now that make me confusing

It all depends on that you wanna do as an individual and you said is being 3 years now so i understand you might have learnt about most of the popular coin like BTC, ETH, BNB, Polygon, TRC20 and many more this will able you to decide whether to buy those popular coin. As you already know them to be most trusted and reliable so buy and hold.