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Author Topic: Your best advice/recommendations for a crypto beginner  (Read 228 times)
boyptc
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January 16, 2023, 02:56:52 PM
 #21

What is your recommendation for a beginner?
A continual DYOR (do your own research).

That will save you from the tricksters that has an hidden agenda upon teaching you some things that you may seem to be enticed and not aware that you're being misled to.

Because the market is full of many good and bad things for which a beginner will be totally optimistic of the information that he/she may come to realize how vast it is.

Like those opportunities that will be shared and discovered by DYORing.



.
.BIG WINNER!.
[15.00000000 BTC]


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January 16, 2023, 04:23:40 PM
 #22

As pathetically said, it is a Herculean task. If you have money that, judging by the question, you want to invest, choose Bitcoin. But first, take the time to understand that all your investments can go to waste and that by investing, you are ready to lose everything. I think you understand the value of your money, and for this, you also need to understand where and how much you want to invest. Time is your best teacher; no one will give the right advice here; your teacher is experienced; we are all just outsiders who have different opinions; and the choice will always be yours.

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January 16, 2023, 09:13:38 PM
Merited by nutildah (4), Davidvictorson (2), Ndabagi01 (2), DdmrDdmr (1), imamusma (1), Cookdata (1)
 #23

If you're a beginner, I'd advise you to avoid social media influencers who help to shill a project or predict which coins will do well in the market; most of them are paid to shill the project. If a beginner decides to be lazy and listens to whatever they say, they may fall victim to the "pump and dump" scam.
And, above all, invest in BITCOIN.
The best advice to beginners "avoid shilling projects".

I remember my days as a newbie in crypto, then I was easily carried away by shilling projects. I do take their words seriously on social media(telegram), making me believe that I have my future secured by investing in their projects to which I fall victim. But thank goodness am able to stay clear from shill projects because of the exposure I have gained from this forum to only invest in bitcoin and have a rested mind(secured future)investment.

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kamvreto
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January 16, 2023, 11:54:36 PM
 #24

As pathetically said, it is a Herculean task. If you have money that, judging by the question, you want to invest, choose Bitcoin. But first, take the time to understand that all your investments can go to waste and that by investing, you are ready to lose everything. I think you understand the value of your money, and for this, you also need to understand where and how much you want to invest. Time is your best teacher; no one will give the right advice here; your teacher is experienced; we are all just outsiders who have different opinions; and the choice will always be yours.

the choice is your own responsibility. some of the advice you gave is just an illustration of what beginners should really do should think about it. Investing in bitcoin is a good recommendation, and don't ask about whether the current price is cheap or not, because that's only price specific. Investing in crypto has risks and can even lose it all. Understanding the value of money as you say, of course there will be good planning before making an investment, research is very important so that the money invested is not in vain.


The best advice to beginners "avoid shilling projects".

the shilling project is only a project developed by scammers and aims to get a lot of profit at the beginning and then leave it.

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puloweh555
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January 19, 2023, 08:33:30 AM
 #25

What is your recommendation for a beginner?
Most investment mistakes and losses occur when investing without proper guidance and analysis about investment risk and return percentage, my advice is for beginners before investing, research yourself after that you ask the right people. Investing in Ico is too risky if you are still a beginner, my advice is not to invest in Ico first.

now that there are lots of cryptocurrencies spread globally, I will recommend the best Crypto Coins that you can choose to become investment assets that are in the top 10 coinmarketcap.
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January 19, 2023, 09:20:31 AM
 #26

Learning is a must for crypto beginners. If you want to get started investing before digesting all the information you need to know, start with bitcoin first. Before putting money, learn the fundamentals and technicals of trading if you want to trade. Mining is technical, but it is worth it if you live in an area where electricity costs are low. ICO should not be attempted by a novice unless you already have sufficient knowledge of crypto. In the past, thousands of ICO have failed and have not even been listed on exchanges. It is an extremely risky investment strategy.

MEGA

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January 19, 2023, 10:51:38 AM
 #27

What is your recommendation for a beginner?

the best recommendations for beginners in long-term investing in Bitcoin. may run into trouble when market prices start to fluctuate. but when you understand more about how the crypto market works, it won't be a problem.
trading is also too risky for beginners. maybe spot trading within 1-2 weeks will be enough training knowledge and experience in the market. don't start with futures trading. it could make beginners fall in their first steps in getting to know the crypto market.

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January 19, 2023, 10:57:23 AM
 #28

For starters, It will be more safe to invest only to Bitcoin before you will touch other altcoins for more profit opportunity. Make sure that you understand well all the basic principles of Bitcoin and Blockchain because it will help you once you explore other blockchain project.

Stay away on ICO or other startup during bear season like now since most project that starts at this market conditions will surely fail because there’s no profit on crypto right now due to the decreasing value of the marketcap. There’s a current rally but tahat doesn’t mean we are already on the bullrun because we are still on the initial phase of the current cycle.

Keep reading here in the forum from post of reputable user. You can use trust score rating to measure how reliable the user opinion here.

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 MΞTAWIN  THE FIRST WEB3 CASINO   
.
.. PLAY NOW ..
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