My Bitcoin Advice for newbies

[Ojima-ojo]

I have been seeing many advise for newbies and I have to know who are the newbies we had been talking or writing about. Well I know that learning a particular thing that we don't have idea about makes us a newbie and with time we can grow from being a newbies to an intermediate in that particular thing. Bitcoin is not some we lead in a day or in a month. It is a continuous practice and learning adventure., Even the pro investors and traders are also learning about the market everyday so we don't have to bother yourselves too much of been bais about the time and stress it can take us to learn a particular thing.

You are right because every form of learning makes one a newbie and since cryptocurrency is a relatively new industry we all consider anyone registering newly here as a newbie.

Even though we may have newbies to the forum but already a good cryptocurrency knowledge outside, but then we try as much as possible to make such statements relatively close to the nearest minimum.

[Sanitough]

1: First newbies, please don't be deceived, bitcoin is not a
    get rice scheme

No matter how long this advice is sounded in the ears of the new commerce they will also have the mindset of getting rich quick through Bitcoin.
There are some mistakes that are inevitable for newcomers and they would not rest unless they make the mistakes themselves. Learning from other people's mistake is something that doesn't happen often with new commers.

Most of the people that leaves cryptocurrency space disappointed are people that were supposed to get rich quick within the few months of getting into Bitcoin.
I always tell the newcomers that those who became super rich through bitcoin are few of them that adopted bitcoin when it was worth nothing.
For now you cannot make big fortune through bitcoin unless you are ready to invest a huge amount of money and wait for the minimum of five years

It’s never undeniable that most of the newbies still invest for bitcoin in pursuit for quick and huge profits. We can’t blame them because almost all the ads about bitcoin and cryptocurrencies in the internet deal with huge amount of money. So they always have the mindset that if they enter bitcoin investment most especially with huge amount of capital, they will make good returns that will pave way to achieve their wealth and become financially free in the future.

[Peanutswar]

Most ideal advice for newbies is to make a trading plan and learn how to do with basic charging or technical analysis this serves you as a guide when it comes to your investment journey. You can commit basic executions when ideal to enter or not. If you have knowledge now you don't need to get carried away with those gurus pretending to know all and get FOMO.

Congrats with your rank up too long way for the next rank

[Sandra_hakeem]

All the tips are cool, but I'm sorry it hasn't attracted any merits yet..
I'm not tryna say you're merit-hunting or something, but for every stressful and technically written answers, questions or tips like this deserves some accolades -- no effort was acknowledged here dude.... This are simply fragments of ideas from an already written thread....lol, Jesus Christ...
On the other hand, it's gonna be very helpful for them rookies that are still in search of tips like this to foster ahead

Sandra 🧑‍🦰

[Seinlocko]

very helpful advice, I happen to be studying bitcoin, and I found this forum and found your post, and congratulations on your progress, you have penetrated the senior rank.

[Iroh]

I particularly liked your first point about bitcoin not being a get rich quick scheme as there is a staggering number of people that do believe bitcoin is a get rich quick scheme and then when their expectations aren’t met, they would then tag bitcoin as a “scam” and go on to ignorantly tell anyone who cares to listen on how they lost money through bitcoin. It’s crazy on how many people continue to think like this.

I would partially disagree over your 3rd point. Personally, I try to stay away from alt coins and I don’t bother myself with them. But I know people that, having profited from alt coins would disagree with you. I do think they have their uses as well.

In my opinion, a newbie or anyone else wouldn’t be easily deceived or manipulated if only they take out some time to do some research for themselves. And that’s the first advice I would give anyone; Do your own research and not having to rely on some vague information that you heard someplace. People can be misleading and mischievous. Doing one’s own research would help steer you away from most of these mischief makers.

[Dimitri94]

If you are preparing to invest in crypto then this is the right time to invest in Bitcoin. Invest for the long term instead of waiting for the dip. There is no alternative to investing in Bitcoin if you are an investor can afford to invest enough in buying Bitcoin. Another important thing is to be patient. Only those who can persevere will succeed in the crypto world.

[StormHawk]

Bitcoin is the most reliable but altcoin is the most life-changing investment for small time investors, I know altcoins are too risky and your money can go to zero but that's why diversity is a must as an altcoin investors, if all you have to spare for long term is 1000$ your best bet is to diversify the money onto altcoins, you will make more money than investing all that into Bitcoin.

[Cyber_warrior]

1: First newbies, please don't be deceived, bitcoin is not a
    get rice scheme and at that the real riches of Bitcoin is
    I'm your knowledge and not the amount you are aiming
    to accumulate over time, so you may have the capital to
    buy Bitcoin but if you don't have the right knowledge you
    can still lose everything, you can see that from the
    experience of those who stored their Bitcoin on
    exchanges such as FTX and the rest of the other crashed
    exchanges.

Beginning nowadays have wrong mentality about bitcoin, the have very poor orientation, they believe if the invest in bitcoin they are already rich which is not like that, if you are not ready to take risk by holding, then you are not ready to make money from bitcoin, nobody that’s into cryptocurrency will ask you to deposit bitcoin and he will be giving your some percentage on a daily basis or weekly basis. Have seen people investing in  Ponzi scheme but they still claim they invested in bitcoin.

2:  Be ready to wait for God know how long, Bitcoin
     shouldn't be taken as an ASAP investment allow time to
     pass give your Bitcoin a long period of time, take your
     lesson from those who bought Bitcoin in the early days
     when Bitcoin price was in the range of cent and $1 and
     locked the Bitcoin away for long and now they call
    whales so they patience paid off give your Bitcoin a long
   time-spacee to mature.

Anyone investing in bitcoin should be ready to hold, if you are looking for fast money, then bitcoin is not for you, we are expecting bull run to start very soon but nobody knows when it will start so we just make up our mind and hold, the current market conditions we are is for buying, and not selling, make sure you use the medium to bag more bitcoin and you will smile in the future whenever you look at your wallet.

3:  Dont hold alternative cryptocurrencies for the long term
     and if you must own them just know you are just
     gambling with your money, because they can go
     from100 to 0, so altcoin is worthless for the long term.

If you are investing in Altcoins, you are taking big risk, we all saw the way lots of people that invested in altcoin lose money in 2022, when you invest in altcoin, the chances of you winning and losing is 50/50, you can easily make good profit and the same way you can easily lose money, so I don’t really encourage people to invest in altcoins, Bitcoin is the safest investment which I believe everyone can make, if you invest in bitcoin, your mind should just be at rest because your investments is save.

[Cat1]

Thank you for sharing your valuable advice on Bitcoin investment for newbies. Your points on the importance of knowledge are very relevant and helpful for anyone looking to invest in Bitcoin. It great to see experienced members like you contributing to this forum and helping others navigte the world of cryptocurrency. i am also newbie and will follow Keep up the good work

[Arenga pinnata]

Actually, I read an article about this before I got into bitcoin investment, and I understood that investing in bitcoin requires skill, thoroughness, patience, and knowledge.
but what you are doing is a positive thing so continue sharing this positive thing.

[Bitcoin_people]

Thank you very much for such a nice discussion about investing. We who are new to the forum don't know much about trading. But I got some idea by reading this valuable post of yours. And got to know various processes and plans to get profit from investment. This is the biggest advice for us from you so having an experienced guy like you in this forum is a great asset. And we hope you go further and help our newcomers.

[Ojima-ojo]

Thank you very much for such a nice discussion about investing. We who are new to the forum don't know much about trading. But I got some ideas by reading this valuable post of yours. And got to know various processes and plans to get profit from the investment. This is the biggest advice for us from you so having an experienced guy like you in this forum is a great asset. And we hope you go further and help our newcomers.

Thank you for your words of encouragement and appreciation of my efforts and I will like you to know that I will constantly continue to increase my knowledge on investment and financial analyses and I will share my thoughts here in the forum from time to time.

Believe that we all are assets and tools for further studies for each other in this forum, and once again keep moving and learning never stop.

[Apraun Seupot]

First, I agree with you about alternative cryptocurrencies. I mean, it can be very volatile and generally not worth keeping for the long term.

So, my advice to beginners not to trade with what they don't understand is also very important. After all, trading requires knowledge and skills, and it is important to invest in your own knowledge and skills to be successful.

Also, the point about being patient with Bitcoin is a good one. It's not a short-term investment, and those who have success with it often hold onto their investment for years.

[Ojima-ojo]

All the tips are cool, but I'm sorry it hasn't attracted any merits yet..
I'm not tryna say you're merit-hunting or something, but for every stressful and technically written answers, questions or tips like this deserves some accolades -- no effort was acknowledged here dude.... This is simply fragments of ideas from an already written thread....lol, Jesus Christ...
On the other hand, it's gonna be very helpful for them rookies that are still in search of tips like this to foster ahead

Sandra 🧑‍🦰

Hey mate and instead of commenting just to get your signature pay, you should have at least overlooked the thread and move on even though you have a prejudiced mindset to this thread and the information it tries to pass.

Well you are entitled to your thought but sometimes our statements are a reflection of who we are, some can't undertake selfless tasks without aiming at achieving something which is why you are overly concerned about merit awards on the thread.

I will like you to note that not every post is merited that doesn't mean it is low quality or effortless.

[Mr.corol]

You have given very good advice. Thank you very much. Few steps given, all good advice. This advice will be very helpful for newbies like us. Thank you again, for sharing such nice advice with us.

[wahyuagung26]

Most ideal advice for newbies is to make a trading plan and learn how to do with basic charging or technical analysis this serves you as a guide when it comes to your investment journey.

Yes, we agree with you, because here everything needs targets to be achieved, the first thing is to make your initial plan for either investing or trading and this is really needed by beginners who want to get involved in the world of cryptocurrency, a little extra maybe here you also need to learn regarding the technical work strategy for achieving the initial target objectives that have been planned, and requires perfect analysis

And they can take all of this as a first step to get started, by having a guide I think your journey to achieving the target will be made easier, and maybe we say for beginners they would be better off trying to contribute and discuss with other seniors, maybe in the forum they will get all of these things, for a beginner to keep making the guide the main basic guide for their journey, both trading and investing.

[Ojima-ojo]

You have given very good advice. Thank you very much. Few steps given, and all good advice. This advice will be very helpful for newbies like us. Thank you again, for sharing such nice advice with us.

Thank you very min for the world of encouragement and well this piece of advice is just a little among several other tactical Bitcoin investment guides that could help beginners make the best choice and work through it, Bitcoin accumulation and its parent have become a tough choice for many newbies while some have made grave mistakes that cost them. Fortune by investing in altcoin thinking is the same as Bitcoin.

Others have out rightly neglected the tutorial for bitcoin accumulation and adoption, thereby following their olansplanspatterns which have always been faced with loads of difficulties instead of success in the long run.

[Strauss001]

Hey there! Just read your post and I've gotta say, you shared some really great advice for newbies in the Bitcointalk community. I've been around the crypto scene for a while too, and I can definitely back up what you're saying. 

1: You're so right! Bitcoin isn't some sort of instant wealth generator. It's important to be smart and learn all about it before diving in. It's more about gaining knowledge than just hoarding coins.

2: Absolutely! Being patient is super important. Those early adopters who held on tight are the big winners now. So, to all the newbies, be prepared to be in it for the long haul.

3: You nailed it. Altcoins can be a risky bet, so don't rely on them for long-term gains. It's better to stick with the big guns like Bitcoin.

4: Yeah, trading isn't a walk in the park. It's essential to learn the details and develop those skills to actually make a decent profit.

In summary, I couldn't agree more with your post. Newbies, pay attention to this advice and take the forum seriously. Learn the rules and be cautious about who you trust online. Bitcointalk is a treasure trove of knowledge, and all it takes is reading, researching, and learning from fellow members.

Let's keep making waves in the crypto world, everyone! 🌊

[Frankolala]

Dont hold alternative cryptocurrencies for the long term
     and if you must own them just know you are just
     gambling with your money, because they can go
     from100 to 0, so altcoin is worthless for the long term.

So many newbies are confused with Bitcoin and think that it is the same as other cryptocurrency because they don't have the knowledge. Bitcoin is king and every other crptocurrency is a duplicate of it. If you want to invest in altcoin as a newbie, you shouldn't do that because you will end up regretting if you don't trade it after a high pump because it will definitely go back to zero. Most altcoins are scam projects.

So haven said that I will like to add to your advice for Newbies.
1. Never you store the seed phrase to your wallet carelessly because that's the key to your fund.

Your seedphrase is as important as your bitcoin, and if you don't have proper back up,if you lose your phone or flash your PC ,you will end up not having access to your coin. Another risky aspect of not keeping your seedphrase safe is that someone can see it and take it as an advantage to steal your coins fr your wallet.