What should new cryptocurrency users do first?🙏🙏🙏

[qwertyup23]

I want to know to all you big cryptocurrency users if someone who is new to cryptocurrency wants to learn about cryptocurrency then what should he know first, the reason for saying this is because many new crypto currency users come to cryptocurrency and don't know anything.  By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

Learn the basics/fundamentals and the reason on why you invested.

Did you invest because of the hype? Is it because of FOMO from your peers; or is it because you just heard it from a random stranger on the internet saying that it is a good investment? From these questions, know on what you invested and on why you invested.

After knowing cryptocurrencies and its uses, then comes the difficult part- which is investing and forecasting its price in the future. Due to its high volatility, its price may increase/decrease every second depending on various circumstances and factors.

At the end of the day, just enjoy the journey and the ride. Expect heartbreaks and celebrations as these are all part of investing in cryptocurrencies.

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[ZAINmalik75]

I want to know to all you big cryptocurrency users if someone who is new to cryptocurrency wants to learn about cryptocurrency then what should he know first, the reason for saying this is because many new crypto currency users come to cryptocurrency and don't know anything.  By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

I will say first get educated and that's the only key because with education you will be able to know what cryptocurrencies are and how they work and what tokens you should choose to make trade to make a good profit. You want to do speculating or hedging. I learnt these terms recently but they meant a lot. Let me teach you what they are. Speculating means you do not perform any type of analysis or in other words, you are totally uneducated and making trades maybe based on luck you will be able to get some profit.
Second is hedging where you do proper analysis and you are called an educated one and you make consistent profit not based on luck only. I prefer you to become a hedger first then you will be a better trader. And if you will ask how to become a hedger? my answer will remain the same.

Getting an education first means trying to learn the basics of trading investing and how can you achieve your goal. By getting an education first you will be totally independent of other shit sellers who will try to lure you to buy their vip groups and will ask you to join them and by following them you will become totally dependent on them.

[SOKO-DEKE]

I want to know to all you big cryptocurrency users if someone who is new to cryptocurrency wants to learn about cryptocurrency then what should he know first, the reason for saying this is because many new crypto currency users come to cryptocurrency and don't know anything.  By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

In order to achieve success in the bitcoin sector, one needs to set out on a path of constant education and slow information development. Success in this industry doesn't happen overnight; rather, it develops gradually as one explores different facets of cryptocurrencies.

For beginners entering the world of cryptocurrencies, it's crucial to understand the associated risks. Imagine it as stepping into a new adventure you wouldn't rush without understanding the terrain. Starting with this awareness, one can then venture into different realms of cryptocurrency education.

Acquiring financial security is similar to realizing how important it is to safeguard valuables. Understanding ideas like private keys the coded secrets used to open and safeguard digital assets is necessary for this. Examining the distinctions between centralized and decentralized exchanges is similar to traveling via several routes, each with unique benefits and difficulties.

It is crucial to understand the difference between legitimate projects and scams in the cryptocurrency space in order to steer clear of any hazards. Consider it as learning to distinguish between genuine treasures and false wealth. This information protects against possible losses, which are a common mistake made by people who only follow the advise of others.

Personal research is the key to success in the cryptocurrency space. See it as a thrilling adventure where you learn things and come to wise judgments. Even subject matter specialists agree that everyone makes mistakes and that perfection is an impossible goal. Consequently, taking on the role of independent researcher guarantees a strong basis for success in the constantly changing bitcoin market.

[Queentoshi]

I want to know to all you big cryptocurrency users if someone who is new to cryptocurrency wants to learn about cryptocurrency then what should he know first, the reason for saying this is because many new crypto currency users come to cryptocurrency and don't know anything.  By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

First thing that should interest a new person who invest in bitcoin is a way to keep their investment safe, because as newbies they are target to criminals who do not want to buy bitcoins by themselves but are looking for the people's own to steal. A newbie is to be concerned with security first, they should find out the best place to buy and then the best wallet to store the bitcoins when they get it. There are many fake places online where they pose to be vendors of bitcoins but are not real, but only there to collect people's money, and there are also wallets that should not be used.

[Jegileman]

There are a lot of things to learn as a newbie when you come new into the crypto space but when you don’t ask any questions or guide, you’ll always be lost. One important things is to know how the crypto space works, know the advantages and disadvantages. What I see most important to first learn as a new comer is the part of security and privacy of your money, they can them learn more about coins that are worthy of investment into, not all of them are valuable or worth spending a penny on. If you made a very wrong step, it can affect all of your investments and love for crypto.

[Velemir Sava]

There are a lot of things to learn as a newbie when you come new into the crypto space but when you don’t ask any questions or guide, you’ll always be lost. One important things is to know how the crypto space works, know the advantages and disadvantages. What I see most important to first learn as a new comer is the part of security and privacy of your money, they can them learn more about coins that are worthy of investment into, not all of them are valuable or worth spending a penny on. If you made a very wrong step, it can affect all of your investments and love for crypto.

and immediately practice it otherwise it's just theory. If there are new problems, look for posts that discuss your problem and if you can't find them, create and ask your question here. I'm sure there will be lots of constructive and helpful suggestions and opinions so that you can reach a common ground.

[CageMabok]

I want to know to all you big cryptocurrency users if someone who is new to cryptocurrency wants to learn about cryptocurrency then what should he know first, the reason for saying this is because many new crypto currency users come to cryptocurrency and don't know anything.  By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

Because cryptocurrency now has many kinds and among the many cryptocurrency at this time there is certainly a good cryptocurrency for everyone including for beginners who have just wanted to start their investment. Beginners only need to use a little time to read about Bitcoin and also must have the intention to get bitcoin with the ability that exists in itself in order to be used as an investment in the future.

Because in general Bitcoin is no doubt by many people so that beginners will not be wrong if they immediately put their desire to Bitcoin even though with the condition that they have to learn it first because investment does not have to have more expertise like traders in the market that must always apply many things to benefit.

[Wakate]

There are a lot of things to learn as a newbie when you come new into the crypto space but when you don’t ask any questions or guide, you’ll always be lost. One important things is to know how the crypto space works, know the advantages and disadvantages. What I see most important to first learn as a new comer is the part of security and privacy of your money, they can them learn more about coins that are worthy of investment into, not all of them are valuable or worth spending a penny on. If you made a very wrong step, it can affect all of your investments and love for crypto.

and immediately practice it otherwise it's just theory. If there are new problems, look for posts that discuss your problem and if you can't find them, create and ask your question here. I'm sure there will be lots of constructive and helpful suggestions and opinions so that you can reach a common ground.

Learning is paramount so we must try and adhere to it. For us to be in the crypto space, there should be a reason for that so we must go for what we want and how we want to go about it to have a better lifestyle. Cryptocurrency has a lot of things we can learn and become a better investors and trader and we can achieve that when we learn go for what we really want to Learn and benefits from. We can learn how to stake, trade the market, invest in cryptocurrency etc. All these could help us to be strong and become a better person that is ready to understand the market.

[cryptoaddictchie]

By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

Yes definitely. All people have a lot of chance to earn from crypto by investing and nevertheless youll find somw frustrations along the way. Its not that easy but with your perfect timing and deep knowledge research skills youll gain a lot. Of course you must also give something to security of your assets. Not just keep grinding and grinding.

[Asiska02]

I want to know to all you big cryptocurrency users if someone who is new to cryptocurrency wants to learn about cryptocurrency then what should he know first, the reason for saying this is because many new crypto currency users come to cryptocurrency and don't know anything.  By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

- They should learn the basics of cryptocurrency technology in general. Without the basic understanding of what the cryptocurrency market entails, they will get lost easily while finding a way to join the market. The market is full of tribulations which if not noticed can lead to regrets.
- A newcomer should also learn about their privacy in the crypto space, how to secure their funds and know which or where to keep their money to avoid been expose to scam or public domains that can infiltrate the wallet.
- It will also be nice if they don’t stop learning more about the crypto space, scammers are always on the watch out to scam their victims, so you’ve to be updated with latest scams in order to avoid them when you see one.
- As a newbie, you should not take trading as your first priority in the crypto space, learn about your privacy, security, investment after research and other things before you can delve into trading.

[Dunamisx]

Every newbie should learn to unde this first, if you're interested in something and they never talked to you about the risk aspect of it, instead all you've been told was the advantage and benefits on doing such thing, then it's a call to be more careful beca there's likely a deceptive intention behind all you've been told by them, this life is full of risk, there's nothing that we do which doesn't have its own risk, so we shouldn't let some decieved us of no risk.

[terizla]

As the new user in cryptocurrency, i never spend my money to invest in any coins. I'm just learn about cryptocurrency and my first do is create crypto wallet. I'm not buy and just earn in faucet, airdrop and others what i want to earn free coins.

[Rimueng]

I want to know to all you big cryptocurrency users if someone who is new to cryptocurrency wants to learn about cryptocurrency then what should he know first, the reason for saying this is because many new crypto currency users come to cryptocurrency and don't know anything.  By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

first focus on popular cryptocurrencies such as bitcoin, ethereum and now maybe xrp. Start with a small amount money and learn step to understand market. so, if a loss occurs, it is unlikely to be significant also understand basics of trading, such as reading charts, using technical analysis, and managing risk. Don't put all money into one cryptocurrency and get used to splitting other altcoins.

[icalical]

They should learn the most basic thing about crypto, like how crypto wallet works, how the transaction works, and how to safe their funds securely. I would recommend anyone who new to crypto to create their own non-custodial wallet, I know a lot of people who already have hundreds of dollars worth of crypto and all they use is exchange wallet, I don't think thats very secure. I didn't mean that using exchange is completely prohibited, but if they want to build up their portfolio and it's gonna have huge fund, getting non-custodial wallet instead of exchange wallet is essential.

[Huppercase]

I want to know to all you big cryptocurrency users if someone who is new to cryptocurrency wants to learn about cryptocurrency then what should he know first, the reason for saying this is because many new crypto currency users come to cryptocurrency and don't know anything.  By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

I'm interested in that part of losing your coins. If you are new to a new place, you need to first understand how the place work and how to avoid problems, crypto is not different from that as well. Security is paramount in crypto because the transactions are not reversible once they are sent, so how do you avoid security threat and possible hack of your crypto is all upto you and the first thing you need to do is to make sure that your coins are kept in a hardware wallet.

A wallet is where you store your crypto because it helps you manage your coins and also help you sign transactions and also protect your private keys. The best and recommended wallet is the hardware wallet, they are pretty safe to some degree and they are vulnerable like the software wallet. Anytime you want to buy a coin, make sure that you store your coin in the hardware wallet.

Secondly, please make sure your coins are not kept in a centralized exchanges, there has been theft of coins and tokens by centralized exchanges and to date, they have not recover from that loss, its better to avoid this kind of exchange and if you must use them, always withdraw your coins from the exchange once you are done buying or selling your crypto,

[MegameSama]

I suggest fellow newbies like me read more and ask questions. Read on this forum, and ask people you know who are familiar with the crypto world. Read a lot about what is your first interest here, maybe you like altcoins, then read more and ask questions about altcoins. interested in airdrops and bounties, look at the thread, mining, trading, gambling, there are lots of subs on bitcointalk that hone reasoning and information for you. I probably won't read it all in a year lol, cheers.

[Distinctin]

I want to know to all you big cryptocurrency users if someone who is new to cryptocurrency wants to learn about cryptocurrency then what should he know first, the reason for saying this is because many new crypto currency users come to cryptocurrency and don't know anything.  By investing in cryptocurrency without understanding, they are losing all their property, so if you who are experts would say that before investing in cryptocurrency, you should know what things you should invest ?  Then the new crypto currency users would have benefited a lot, they would not have faced any losses as newcomers

Before you jump into investing, have your own initiative first to study what you are investing, its pros and cons, its benefits whether its for long term or short term investment. And since you are in the forum, feel free to ask the reputable members what are those coins that are highly profitable to invest. Their experiences will tell it all. Two heads are better than one, so always be open for their suggestions and explanations, but at the end of the day, it's only you who can decide what coin to invest and how to maximize your investment.

However, using cryptocurrency without knowing its risk, will add more to its risk of losing. This is why DYOR is always encouraged, so that one will not end up losing and regretting.

[Z390]

Do not invest in something you don't know much about, and if you want to invest always be ready to lose the money, because it's possible to lose money in crypto, here are advises that can help.

1. Do not rush to make money in crypto.

2. Have a good source of income before you start risking some money on crypto.

3. Always do strong research on projects, I prefer projects with audited team members, the chance of rugpulling is lower than projects with anonymous team member.

4. If you can afford two hundred dollars on a single project you can afford to buy a hardware wallet.

The best advice is to always take your time learning about what you want to invest money on, make sure you understand it in and out before investing a penny and do not risk more than you can afford to lose.

[lovesmayfamilis]

People are subject to the information they receive. Even now, I see videos on YouTube where incorrect information is being spread about how to make quick money in cryptocurrency. This creates a rush for beginners when a person with no experience invests their money in coins that are of no value. How many similar stories have we seen?
But haste has always been the enemy of making the right choice. In order not to make mistakes, it is necessary to carefully check any information, and of course, the first step is to gain knowledge of the first steps of owning crypto. Otherwise, you can very quickly lose not only interest in cryptocurrencies but also all your hard-earned money.

[sunsilk]

That's actually right @OP. Before investing and venturing into cryptocurrencies, you have to know what you are up to. You need to know the answer to yourself, why are you buying and why you are investing or holding.

Because if you're just like buying because your friend, your mom, your brother or whoever inspires you to do so without explanation, you're not understanding what you're buying. You're going to lose money easily my friend.

That's why the basic in all investing techniques and tips that you're hear not just from the forum members but also in other platforms is to start with basic understanding of what you're investing like in Bitcoin. Even it's known to be the best cryptocurrency, you have to understand why it has become one.