Newbie Come to Crypto What they should do first?

[uneng]

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

Doesn't matter how many currencies there are disponible on this market, you should always go for bitcoin first. The highest percentage of a crypto portfolio should be concetrated in bitcoin and only a small percentage like 5% or 10% should be invested in altcoins. As a newbie, your friend must know how to create an account in a legit and safe platform where he can buy or invest his purchased coins. Then he can create his BTC wallet address and start managing his funds. It's also a must to set security configurations on his account properly, to prevent being hacked and losing funds.

As the time goes on, your friend becomes more experienced and profit is made, he can invest in a cold/paper wallet to store his cryptocurrencies offline, what is safer than storing coins at an online platform, although it won't generate any passive income over his money.

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[TelolettOm]

Indeed, most newbies come to the crypto market because they are interested in getting rich quickly. even they know crypto and decided to enter the crypto market because of the hype published in the media.

That's the mindset that a newbie should take off of them because that's the thing that would lead them to losses.

I agree. This kind of mindset is often owned by newbies. They don't even care how. What they have in mind is that they can be successful and rich like everyone else. So they tend to be more interested in the lure of very large profits in the short term. In fact, sometimes they don't listen to our advice to them because their desire to quickly get an instant profit is greater. And what happens is that they are faced with scams or Ponzi schemes that actually cause them losses or lose money.
And of course what happened next?
They blame cryptocurrencies.

[Sarah Azhari]

Here is CRD Token Coinmarketcap - https://coinmarketcap.com/currencies/crdnetwork/. The CRD Network (CRD) is a blockchain ecosystem managing on Hyperledger Besu, an industry blockchain on Ethereum, which links digital assets & the Decentralized finance ecosystem with standard finance by acting as an API hub. It gives a suite of microservices, from banking functionality that services both on-chain & off-chain currencies to a KYC-as-a-service platform for directing blockchains.

yes i know that token, you was explain before. but, why you very enthusiastic to explain to me?, you told me to buy coin with high volume in marketcap while CRD didn't have.

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

for a beginner, I think what you do is study the market movements and also learn the coins you want to invest. I think for a beginner should follow what you are doing.

I don't do anything, what they can follow me?

Real estate investments are more stable than investments in cryptocurrency.

but invest in real real estate are more stable that real estate on cryptocurrency. because in crypto we don't know how to live it

With every year people pollute nature more and more. And it is necessary to stop this pollution.
It is good that blockchain technology helps to protect nature and unite the people.

The problem is not many people know that Blockchain technology can protect nature because it is not the main concept of Blockchain technology and most people only know Blockchain technology as a technology that is very smart in accommodating coins and tokens not nature

this concept has to know from newbie also because this is the future where they can live in. Like metaverse, i belive this is the future of cryptocurrency, but from now very few people know how it's work.

[newdevices]

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

for a beginner, I think what you do is study the market movements and also learn the coins you want to invest. I think for a beginner should follow what you are doing.

It is very important indeed before buying coins for investment a beginner needs to do research,
and not just for beginners but for all who want to buy because then at least we know what the coin looks like,
it takes time for them to understand the market movement

[ardydyon]

Currently more and more new coins are appearing in Cryto.
a lot of good coins by having a good project too so that this coin has a good future.
let's see that currently coins like binance, solana, atom are coins that have good projects and have the same concept as etherum which has its own network
in NFT we also see where it is, sandbox, ethereum and also in web3 development there is also a link
maybe your friends can take good coins from some of these superior sectors.

[cryptolukey2000]

Buy a Ledger and as much Bitcoin as possible, then play some Play2Earn games to earn tokens, this involves less risk than trading stocks or NFT's. If you're looking for good games that can make you money when gaming and when you're sleeping, NFTshootout would be my recommendation. You can sign up for free on their scholarship programme and don't need to invest anything in order to earn!

[mumang siat]

The first thing to do is the introduction of cryptocurrencies because many newcomers enter because of the high Hype of Crypto so they hope to get a quick profit without doing a long process so knowledge of crypto is needed to see what risks we will get later when we start entering to trading in Crypto.

If I may suggest newbies they should before deciding to enter the world of crypto they need to prepare everything both knowledge, skills, and mentality,
it's not that easy to make a profit in crypto so all it takes a process,
if we don't have any preparation it's really very risky because we can lose money easily

Actually nothing is instant in this life, if you think crypto can provide sudden profits, then this needs to be straightened out, because thinking like this will give birth to disappointment in the future, crypto has a way of running, if there is no adequate knowledge and methods analyze potential coins, then there will be no return from the investment made, this is very dangerous if it continues, because the potential loss is very large

Indeed, the potential loss should also be sighted beforehand.

This venue is not an easy path to richness, it's a good venue to learn and have a decent amount of benefits only if you know well
on how to take advantage of every market situation.

Without proper knowledge, your chance to grow is slim, but with proper practices, the chance is high to be compensated.

You need to work things out the right way, else you will lose in a short period.

knowledge and timing must be right in making investments, crypto is not an easy place to make profits, because investments here will continue to be affected by corrections and other problems that exist, if knowledge and ways to identify potential coins do not exist, then the investment is certain will not come to fruition, not to mention the chaos that came when our investment started

[someone703]

The electronic turning market is becoming more and more popular in many different fields. I think it will not be difficult to find knowledge-sharing materials related to the market, but it is really too big and it is difficult for newbies who do not have a basic knowledge of finance and technology. And what will make you better in this market is to experience it for yourself with my own ability. I personally do not have the basic knowledge, self-knowledge, or embarking. Trading or investing will give you experience. Even if it's financial failures, it will give you experience in the markets.

[lornadane]

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

for a beginner, I think what you do is study the market movements and also learn the coins you want to invest. I think for a beginner should follow what you are doing.

It is very important indeed before buying coins for investment a beginner needs to do research,
and not just for beginners but for all who want to buy because then at least we know what the coin looks like,
it takes time for them to understand the market movement

the crypto market is different from other markets (foreign currency, stock and etc), there are some people who are very confident to inside the crypto market with that knowledge ends in failure. they think both are the same, they begin with high capital and thought it would be like as what they did before. and now they blame the market.

Yes it's true that many of the big entrepreneurs sometimes blame the crypto market when losses overwhelm them.
Without them seeing the difference between the stock and the crypto market is very much different.
Especially when it comes to buying and selling as well as working hours.
Meanwhile, the crypto market has absolutely no buying and selling limits.
Even though sometimes people think it is easy to enter the crypto market, in reality it is not that easy.

[Pamadar]

The electronic turning market is becoming more and more popular in many different fields. I think it will not be difficult to find knowledge-sharing materials related to the market, but it is really too big and it is difficult for newbies who do not have a basic knowledge of finance and technology. And what will make you better in this market is to experience it for yourself with my own ability. I personally do not have the basic knowledge, self-knowledge, or embarking. Trading or investing will give you experience. Even if it's financial failures, it will give you experience in the markets.

And you can turn that experienced to develop good strategy to have a better chance of success.

People who are new into this business mostly failed at the start, not knowing what the proper mindsets and attitude they are victims
of sways and fluctuations.

Crypto is too wide to learn in the short term. You needed to spare time to understand and acknowledge all those that influence the movement
from there, you'll learn how to anticipate and position your trades.

[Predict_Vision]

That's the mindset that a newbie should take off of them because that's the thing that would lead them to losses. Answering the question of the OP of being a newbie to crypto what they should do first, of course, keep reading, build a good foundation on yourselves about technical analysis and the topmost thing is to be patient because earning here in crypto does not come into easy. Yes, we may experience sometimes an instant profit but not all the time so learned the process properly.

There are a lot of cryptocurrency projects but not all of them will survive during the fall of the market.
It is very important to check how the project will be useful for people in the future.
Thanks blockchain it is possible to invest money in different assets including real estate like this - https://twitter.com/Z1financial_/status/1500779615622610945
Real estate investments are more stable than investments in cryptocurrency.

Real estate investments give a stable profit but they do dot give so big profit like investments in cryptocurrency when market rise.
Now many people thing that the price of cryptocurrency will continue to rise because of unstable situation in the world.

[Wildwest]

If you are still hesitant in investing let alone the current state of the market then just choose a potential altcoin that does have a good future, and the coin we can choose such as BNB, ethereum, polkadot and one of the kings of coins that is bitcoin which is currently at the point that is very suitable for us to hold, but you must know all the coins we hold there must be risks because not everything we expect can get results maximum, and you can also choose some metaverse coins that are currently very much in demand by investors.

[FerHAT701]

You should always have most of your portfolio in BTC,ETH and other big cryptos, you just know they aren't scams and that you cant lose everything. The rest you can play around with and go into some altcoins, but you definitely need to do research, and you need to know what you think is going to work. Those are mostly projects that have usability, like GameFi projects or something like Sports betting with crypto (They have existing real world markets, so logically they will work with crypto too). For example I recently got into BORA and ENGN  in GameFi, and atm im looking around for some betting platforms so i can start to have fun xD. For now the ones that look good to me are Roobets and Lunabets. You just look around for projects and look at their white papers, ask around the forum about them (People here can be really helpful). You could also consider some staking in some DeFi projects, im staking half my portfolio.

[retreat]

If you are still hesitant in investing let alone the current state of the market then just choose a potential altcoin that does have a good future, and the coin we can choose such as BNB, ethereum, polkadot and one of the kings of coins that is bitcoin which is currently at the point that is very suitable for us to hold, but you must know all the coins we hold there must be risks because not everything we expect can get results maximum, and you can also choose some metaverse coins that are currently very much in demand by investors.

it takes a lot of patience to be able to profit from investing in metaverse tokens, look what happened to metaverse and defi tokens, most of the tokens have dropped in price. it's better to just propose to friends who want to invest, tokens that are in the top 20 such as bitcoin, bnb or eth then your friend's investment will be safe.

[mumang siat]

Before purchasing any coin, remember that you may experience loss of your whole capital instead of take benefit from it. So decide the amount of your capital again. Apart from that, keep avoid yourself from buying any meme coins or so call shitcoins. Don't try to do trades, i doubt you can't manage. Last one is, if you pick cypto from eth, bnb, sol, ada, matic, dot,, then it'll be good in my options. now do your individual investigations

Yes, when deciding to choose crypto investment, the first thing to pay attention to is potential coins, where coins like this are safer to invest, compared to memecoins or shitcoins, maybe to find potential coins can be seen in the top 10 coinmarketcap, relying on hype will not produce the maximum, because such coins are very speculative to invest in

[gamer4156]

These coin are the support of cryptographic money and as such the individuals who are coming to the market ought to have a piece of Bitcoin and Ethereum. That idea won't ever be off-base. It's generally the need cryptographic money to contribute uniquely to the novices. Picking coins in view of marketcap worth could works yet is ought not be your very first explanation, you really want to check the genuine use of the coin out.

[jossiel]

Before purchasing any coin, remember that you may experience loss of your whole capital instead of take benefit from it. So decide the amount of your capital again. Apart from that, keep avoid yourself from buying any meme coins or so call shitcoins. Don't try to do trades, i doubt you can't manage. Last one is, if you pick cypto from eth, bnb, sol, ada, matic, dot,, then it'll be good in my options. now do your individual investigations

Sadly, there are still investors that hooked with meme coins.

There's no more hype on it as bitcoin becomes stagnant these days aside from the pump that it made a few days ago. Before suggesting to anyone, always explain to them that the market is volatile.

Whatever you choose to suggest to them is based from what you think and at least provide some detailed information why you've suggested those altcoins to them.

[budz0425]

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

That is very risky, personally, I don't give advice to my friends especially when they are new to crypto.
teach your friend to study the team behind the project make his own investigation. let your friend understand the risk factor of cryptocurrency before diving into this journey.

[Rengga Jati]

Sadly, there are still investors that hooked with meme coins.

Mainly, it is because of hype that is spreading by many influencers or other participants of the meme coin programs. We can find so much trash like this in the telegram. And many newbies are triggered to invest because they are really desired with the high-profit promises from the team. On the contrary, the newbies don't know exactly what the project is. They only focus on the promises of getting very high profits instantly. This is what actually often hapen.
And the exact people who really know about meme coins will not use this as an investment, but only short trading that utilizes pump and dump, and the victims once more will be newbies. 

Sometimes, we are too difficult to make newbies aware of this danger and shit coins, but they are sometimes mroe interested in the high promises than the advice from us

[fullhdpixel]

Mainly, it is because of hype that is spreading by many influencers or other participants of the meme coin programs. We can find so much trash like this in the telegram. And many newbies are triggered to invest because they are really desired with the high-profit promises from the team. On the contrary, the newbies don't know exactly what the project is. They only focus on the promises of getting very high profits instantly. This is what actually often hapen.
And the exact people who really know about meme coins will not use this as an investment, but only short trading that utilizes pump and dump, and the victims once more will be newbies. 

Sometimes, we are too difficult to make newbies aware of this danger and shit coins, but they are sometimes mroe interested in the high promises than the advice from us

What's funny is the newbies didn't doubt anything if someone says or promised a good return for their money. I think if I'm a newbie I will think twice if this is true or not but I will mostly refuse that kind of offer because I believe that money is not easy to earn and someone won't just give away a huge chunk of money just like that.

If there are experienced people that know the true intention of meme coins, I don't think they will still invest in it because it is still very risky and they can instead use what they learn on a more better coins. Just let them if a newbie won't follow your advice, let them suffer first and realize their mistake. they will learn on it soon.