Newbie Crypto Advice

[Dr.Bitcoin_Strange]

A simple piece of advice from me is that the best crypto you can safely invest that amount in should be just Bitcoin. Since this is your first time wanting to invest in crypto, I believe you are not really experienced, which is why you must not just invest in the sort of Altcoins that people would ask you to invest in. If you have $20k as you claim, then you can buy Bitcoin on DCA, so that even if the price of Bitcoin goes down below what it is now, you'll still be accumulating gradually, and if you are able to hold the Bitcoin you Accumulate for like five or ten years, then you will make profit. Depending on how long you intend to hold it, it will also determine the profit you will get (although, no body know the future).

@OP, Just as the first piece of advice you got on this topic said, beware of the kind of DM you will get because, as I can say, almost 80% of the DM you will get may be absolute scam shitcoin projects, so I would suggest you should just be concerned about accumulating Bitcoin.


Cheers 🥂, Dr.Bitcoin_Strange 👺👺

[1715109422]

1715109422

[aylabadia05]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.

Bitcoin (BTC). That's the best advice from me for you to invest.
What you want is to escape inflation and Bitcoin is a pretty good hedge.
By choosing Bitcoin, you just need to be patient in the long run and I think it's worth it if you don't have time to learn the ins and outs of crypto for fear that there won't be enough time given your current age if you are true about what you say.

You can contact me through the forum or via email I appreciate the help

Just go through the forum, you will find what you want, no need to send emails because most of them are busy with work.

[Sanitough]

Sorry to put it out but this isn’t the right way to go about investment. You can ask people to just send DM and you trust the suggestion of a total stranger which may turn out to be a scammer. I am sure that anyone that would be sending you PM would mostly be someone that would want to promote there shitcoins.

If seriously you’re actually in for investing and then you would need to go through everything yourself and the only cryptocurrency that fits your criteria for retirement investment is bitcoin. But even that needs some knowledge on Its security and the rest. If you are truly interested in investing in them which I doubt from your post then read through the pin charts on the forum or other articles. If you need help ask it by creating a thread and stop asking for people to PM you to avoid something that I am sure would lead to you been scammed

I have to agree with you mate. Learning crypto investing is not just as easy as that like sending an email and point out which coin to invest. You have to learn it all by yourself because you can’t be a good investor in the first place if you simply rely from others for your decision. And the fact that crypto particularly bitcoin is highly volatile and you can’t expect a fixed but a roller coaster price, then the more that you have to do your own diligence to study how bitcoin works and how it will be profitable as an investment. After all, all your efforts and hard work will eventually paid off in the end and will give you life changing profits that you can never imagine.

[serjent05]

Echoing other's advice, Bitcoin is the best investment among cryptocurrency because of its liquidity and community.  So I would say if you @OP is intersted in cryptocurrecny investment put the majority of your fund into Bitcoin and the amount that you can afford to lose to altcoin that can moon or simply can be labeled as hidden gem for it can give you profit way more than BTC can give but the risk is really high.  HIgh enough that you can consider your investment lost.  It is also important that you will make an effort to know what about your possible investment.

[Minhxx]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

In my opinion you should invest in bitcoin, its rate of return is many times higher than that of stocks. You should create a poll topic, there are quite a few scammers around us, they may ask you to send some money to them to invest. be careful

[Hyphen(-)]

In all your 4 posts in the forum, you've asked that people email you, why do you want anyone to help you invest your money, do you trust who's going to email you, or should they even trust you because it is suspicious that you keep asking forum members' to send you an email. Some few days ago you said you'll no longer be using the forum:

I asked for help on reddit and someone is helping me in the chat please someone email me at stevenjohnstone@mail.com I will no longer be using the forum

But you're still here, i don't think it is wise or safe for anyone to PM op, if they want to learn about BTC, they should stay active on the forum. Op is wasting everyone's time and may not even be in need of any help.

Maybe the OP thinks he can trick some of the forum users to get mail addresses, which he might likely want to use in either getting their forum account compromised or using their mails for something else likely to compromise the mails and get rid of anything important he finds there.

I was of the opinion in his first thread that

all the necessary tips you will need will be provided for you here in the forum

, but the OP keeps dropping mail for people to PM him. I think he is likely here to scam people because the forum made room for all necessary discussions publicly, which is very good because others do come in here and get some tips that do help their Bitcoin Carriers.

[Rupok]

It is entirely at your risk to invest the said money on the advice of others. If you have no experience with cryptocurrency then the amount of money you want to invest will be entirely at your own risk.Why you choose to invest at this age you have no idea, because there are so many scammers in cryptocurrency.  Before investing you must first gain good knowledge about cryptocurrency.Cryptocurrency can be the best platform for you if you invest in the right way.  Although if you invest Bitcoin, you can't earn good profit from any coin other than Bitcoin.

[Litzki1990]

I don't think there is any need to personal message or gmail someone to give advice about something. You have created a topic where everyone can share their opinions but there is no privacy about giving advice. So why are you asking to mail for this advice. If you really want to invest, $20,000 is a very large amount to invest at first. And then you mention your age is 60 plus ie you are a senior citizen. Hopefully there are other members of your family who may have different opinions about investing your money in Bitcoin or other currencies. Before investing such a huge amount of money discuss with the family members if they give you consent then you can decide about it.

[ancafe]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.

If you don't want and don't have time to learn then my advice is don't try to invest in crypto, you can't completely leave your investment to someone else because your own involvement is required and it is wrong decision. It's best to find another job that's easier for you to run and don't force yourself to invest when you don't want to learn to understand it yourself.

But when you are serious about making an investment, I suggest that you study bitcoin because other cryptos are much riskier to invest in than bitcoin which has been proven to be one of the best at the moment.

You can contact me through the forum or via email I appreciate the help

It takes its own analysis before getting involved in investing and fully expecting it from other people is a wrong decision. Decisions must be based on our own knowledge and other people have nothing to do with it.

[Husires]

Go for a low-risk investment and settle for 5% annually instead of trying to risk a high-risk investment without technical knowledge and without willingness to learn, and then you may achieve a return or not, but in the end the psychological damage of losing your money will remain greater, especially when you are at this age.Do not believe ads that tell you a quick return on investment, and if you intend to take risks, investing 10% of this amount in Bitcoin is sufficient.

[Outhue]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

Telling people to contact you through the forum or email is wrong, I can assure you that scammers will come knocking at your door, pretending to have something good to offer but their target is your 20,000$.

This could also be that you are the one trying to play the victims here, maybe when people start sending those PM you will look for your victims and you will probably promise to give them some shares if they can do one thing for you.

I am sharing this because I have seen it happen more than once, there are scammers on this forum as well and it could take time before the moderator figure them out and deal with them.

[Mr. Magkaisa]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

       -    You know 20k$ is a big amount here in our country. As far as I can see, you should not be angry with me, although I know that you may be interested in investing in Bitcoin because it is the best long-term investment here that can be said to be proven and tested.

I think that instead of asking here on the forum platform where you will use your retirement fee, it is better that if you have relatives or close friends, you should ask them first. Because if you ask here, maybe many people will send you a pm pretending to be a good person but will just take advantage of your ignorance about crypto or bitcoin. There are still many scammers here on the forum platform, we don't know, do we? who knows? It is better to be careful first, because you have worked hard for your retirement fee for several years. Then you shouldn't say to contact you via pm or your email, so be careful, especially since you're new here.

[Jawhead999]

According to your post, it seems you want to say if you're already old person and don't want to learn about Bitcoin, but you're looking a way from someone to invest for you. I'd say it's better for you to not invest in Bitcoin because you will scared due to high volatility and might scared you will lose all of your coins due to FUDs spreading of quantum computing can hack your wallet, government will ban Bitcoin etc.

[Games.Bitcoin]

There is a wide variety of guidance for beginners in the cryptocurrency world. Be sure to educate yourself on the basics of block chain technology. Take a long time to understand the risks and volatility associated with investing in cryptocurrencies, regulatory uncertainties, etc. Start small and invest as much as you can afford to lose. Don't invest wealth in crypto that you can't survive in the real world if you lose it. Patience, a learning mindset and a cautious approach every step of the way will be useful in your crypto journey.

[mk4]

I don't know how busy you are to not have any time to learn about something like Bitcoin. You don't even need to grasp everything in a single week — you could simply just read for an hour a day, and you'd still be ahead than the herd. Unless you know, you simply aren't that interested to actually exert in effort.

But if you want to learn:

* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

[Issa56]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

You are planning to invest all your retirement money in bitcoin and you are not ready to learn about what you are investing in, its kind of funny to me. After working for years then you are planning to invest your retirement money blindly? You are 64 years, you are already at your old age, i don't think you are having any work left that you are doing, so i think learning about bitcoin should be very easy, you can just be reading about bitcoin and cryptocurrency for relaxation.

Also you have to be very careful or you might be scammed, most people that will be sending you personal messages claiming they want to help just want to scam you so you have to be very careful. also their is a rules in crypto investment, always invest any amount you can afford to lose, don't invest what's going to affect you incase if anything happens to your investment. make sure you split the money which you are planning to invest, don't invest all in bitcoin, and make sure you take your time to learn about bitcoin investment before investing in bitcoin, Bitcoin investment is not for lazy person, if you are planning to invest and you are lazy, you can make research often, don't be surprise if you investment end up being compromise.

[nakamura12]

<.....>

You are planning to invest all your retirement money in bitcoin and you are not ready to learn about what you are investing in, its kind of funny to me. After working for years then you are planning to invest your retirement money blindly? You are 64 years, you are already at your old age, i don't think you are having any work left that you are doing, so i think learning about bitcoin should be very easy, you can just be reading about bitcoin and cryptocurrency for relaxation.

It's his decision to invest in crypto blindly and there's nothing we can do about it but if he did change his mind then it would be good for him. At least we tried our best to give OP an advice to never invest in crypto without knowing what it is and if he plan to invest then he should learn a few things about crypto like Bitcoin, wallets and more. Not learning anything could also result in losing the money since increasing your security is important to keep the BTC safe and secured.

[Viscore]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

If you don’t have time to learn prior to investing, then I don’t see any chances that you’ll be successful in your investment since even investing alone requires knowledge and experience in the market. Otherwise, investing will likely fall into gambling knowing you are not even knowledgeable on what coin you are going to invest in the first place. Asking suggestions what coins to invest is not enough, you should also do your part and take time to DYOR since it’s always basic to know what you are investing for.

[The Cryptovator]

I appreciate your interest in crypto investment, but it's unfortunate that you're currently unable to dedicate enough time to learn about it. It's crucial to prioritize your understanding before diving into such endeavors. Instead of pursuing Bitcoin investment, it might be more beneficial for you to explore other opportunities in the real world. While this suggestion may not initially sound appealing, it is ultimately in your best interest. Learning the basics of Bitcoin doesn't have to be a lengthy process; a simple online search and watching a few tutorials can provide you with enough knowledge to grasp the fundamentals.

[knowngunman]

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

Despite that you're likely to be a scammer, I would like to know how you raised the $20k because no single organization will pay you such amount as a retirement package. Whatever you did to accumulate that huge amount seems to be working for you and I would definitely recommend you to keep doing it since you don't have time to learn about crypto.

Why do you need someone to contact you by the way? You need a tutor? Or someone to invest the money for you? You must be joking. Not only crypto but whatever you intend to invest in, do diligent study by sacrificing your time to avoid regret later. At this your acclaimed age, stay away from Crypto if you don't have single knowledge of it before and you're not willing to learn. It is dangerous to your mental health