Understanding cryptocurrency

[Filippo Spina]

This is good advice, thanks for posting that.

You always want to stress to people that

bitcoin =/= crypto and it never will.

bitcoin/crypto in a sentence is proper grammar in English at this point. Saying the crypto space instead of the bitcoin/crypto space is like disrespecting bitcoin itself.

[Uhwuchukwu53]

I way always keep say that most newbie into crypto and BTC never know the purpose that is why falling victim of scam where they me see BTC as not real is as result of not knowing the purpose of BTC or crypto currency because when a purpose of a thing is not known abuse is inevitable.

There is no need to rush into trading just because you hard there is money in trading or one can make it or change it financial life in crypto and you begin to think or engage without seeking knowledge first and conceive the mindset that BTC or crypto is quick to get Rich system people with such mindset can't be free of victim of scam and they are the regrettable people who later condemn BTC or crypto as scam because they don't seek attention to detail but jump into the system because what they conceive in heart.

[moneystery]

understanding cryptocurrency is by learning what it is and how it works, not by following signals, because if all you do is follow signals then what you are doing is not understanding cryptocurrency, but you are just following someone's footsteps to be able to make a profit. therefore it is very risky for a beginner to follow signals when they do not understand what the crypto market is and the potential of the token they are following. it would be best for them to first learn about cryptocurrencies and try trading on their own to see whether they can understand the crypto market or not.

[Churchillvv]

edit; after going through your post history, you should visit threads after making them and join the conversations and do more reading than creating low quality threads.

- Jay -

Honestly is the best policy, this the only honest response I have seen here. Obviously op isn't making any much sense in his posts but we ignore that and head straight to making a response without trying to put the person in order but I see your have sane zeal with me I guess I will maintain my stand because I'm not allowed here.

Btw, to you OP you must have to take at least the advise above to increase your post quality.

For every beginner or newbie as you and I because I'm also a beginner but with a difference of forum rank but by knowledge a beginner it's most important to keep in touch with people who are grounded with the basic knowledge which is required for your success in any area one chose to go. Here in the crypto space one must at all times be willing to learn from every one and contribute their own part of experience in order to show learning.

Learning or acquisition of knowledge is the fundamental in the crypto space that one must acquire before venturing into investment of any kind or in the process of learning you can be investing or doing that which you profits from (trading).

[Viscore]

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

In trading, you need to experience losing before you gain and win a trade. It's not as fancy as people hear about from the stories of success in trading. Do not assume that just it had worked for them, it will work to you asap. It doesn't have to be like that because it takes time for one to learn trading. And if you're that type of following signals and completely reliant on it, you're trading the wrong way. Many of these signals have been proven and made to just take and milk your money.

There’s always losses prior to success, not only in trading alone but even in different endeavors. Most especially if you rush into trading without taking your time even learning the basics, you will end up with consistent losses at first so you will learn some lessons and improve your trading performance.

While trading can hit huge rewards if you are doing it correctly, but it will also make you lose your funds instantly in just a blink of an eye. This is why we should always trade with caution, most especially for those who are still starting to learn the process. Trading signals are not reliable, so learn not to depend on it.

[reagansimms]

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

In the life cycle there is always a learning process that can increase knowledge from previously knowing nothing (beginner) to being skilled in various fields. It takes strong effort and going through a learning process that takes a lot of time to become proficient in the field that has been studied. People who start investing/trading in Crypto assets without being equipped with knowledge have made big mistakes and the risks they face are very large. If beginners are able to think more broadly by comparing their own failures with other people's successes, they will understand how important it is to fully understand ways of investing that can minimize risk.

[Andrija Branislav]

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

Of course. Previously, we weren't big and could run straight away and we experienced moments like babies and didn't have any at all.

There are all ongoing processes that make us trained and become the best in the market in trading. It's better if you start with small capital, don't gas it all up straight away.

Over time, you will definitely get good at it.

[AVE5]

Most times, in the crypto space alot of beginners rush into trading without fully understanding anything about how to go about it. I won't be surprised that this person telling his friends not to go into crypto just heard about it and decided to rush his luck of which failed. Though trading is risky and takes a lot of practices, there are still experts out there who understands how to go around the market. They make loses alot, but this isn't a reason for them to start pointing fingers for their failures.

It's true, out of speculations that crypto currency is an lucrative industry beginner rushes to invest their funds on trading while ignoring to scope around in understanding what it requires to trade in the crypto markets.
As much as that, traders can't avoid it all lost free because even the experts do count losses but not as the unknowledge of beginners because they can always hold up to the emotions of their losts to rise again.

[Winterfrost]

Most times, in the crypto space alot of beginners rush into trading without fully understanding anything about how to go about it. I won't be surprised that this person telling his friends not to go into crypto just heard about it and decided to rush his luck of which failed. Though trading is risky and takes a lot of practices, there are still experts out there who understands how to go around the market. They make loses alot, but this isn't a reason for them to start pointing fingers for their failures.

It's true, out of speculations that crypto currency is an lucrative industry beginner rushes to invest their funds on trading while ignoring to scope around in understanding what it requires to trade in the crypto markets.
As much as that, traders can't avoid it all lost free because even the experts do count losses but not as the unknowledge of beginners because they can always hold up to the emotions of their losts to rise again.

This is why most beginners always looses a lot of their money most especially on crypto shitcoins, they fail to learn and understand the basics surrounding investing into Cryptocurrencies and some even get to go into trading currencies which they are not supposed to as beginners. Everything takes proper guide, from learning, practice and to perfection, even at perfection people still trade and loss compared to a beginner who decides to skip the learning process, he will take more loses than he should.

[Ever-young]

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

Of course, you are right, that is the most important thing a beginner must do before joining crypto, they must have the knowledge, the understanding, what it takes for someone to be a trader or an investor. So that when they are into crypto and find themselves in some situation, it won't be a new thing to them and they will know what to do anytime they want to fall a victim but for them to actualized this, they must have the knowledge of it, by asking questions, doing research etc, by so doing they can have the ideas of how it works and what it requires etc. that can really help them to understand crypto more.

[Issa56]

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

It’s just really funny some people will just jump into crypto without understanding what it’s really all about, definitely you are going to lose. Most people want to be making money, but they won’t want to learn. Crypto is not a easy thing which you think you can just start doing without have knowledge about it, don’t be deceived by what people tell you, things you see on social media about trading, or what crypto signal providers tell you, they will make you think that trading is so easy, but if we will be honest with each other, trading is just kind of difficult, and you need constant learning and practicing.

[EL MOHA]

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

OP bitcoin signals ate just scans most especially those paid ones, this doesn’t mean you wouldn’t see a signal that actually yields profit, yes there is but when calculating this things and looking at the number of losses too following this signals you will be lucky to not have lose much but the case is overall the whole thing is a failure. Following signals is one mistake desperate newbies make, the signals to me is just an information that is given those without knowledge will probably enter at a time where they are not supposed to and exit when not to.

Anything that has to do with trading you will have to gain the knowledge properly yourself because the whole thing is just not about having Technical knowledge and drawing chats alone there are other things which are fundamentals in trading that you need to learn to take even signals, example is risk management

[Kristiyana]

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

It’s just really funny some people will just jump into crypto without understanding what it’s really all about, definitely you are going to lose. Most people want to be making money, but they won’t want to learn. Crypto is not a easy thing which you think you can just start doing without have knowledge about it, don’t be deceived by what people tell you, things you see on social media about trading, or what crypto signal providers tell you, they will make you think that trading is so easy, but if we will be honest with each other, trading is just kind of difficult, and you need constant learning and practicing.

Of course trading requires a lot of acknowledge, and before you can acquire this knowledge is going to take a lot of time, that is why most people don't always look at trading considering the risk that is involved in trading, that is why I always advice people not to go into trading. Moreover trading is just like gambling you can't really predict what the outcome will be sometimes you can get profit if luck is on your side, sometimes you also experience lose that's just how trading works. However as a newbie is very good to understand how crypto investment works before looking out to invest you shouldn't be carried away by what people are saying out there always take your time to understand everything that has to do with crypto investment before making any move so as to avoid losing your money.

[Fara Chan]

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

This kind of influence should not exist in society so that most people do not immediately judge the crypto market badly unless their own knowledge of crypto is still quite poor. Such a beginner should be able to grow his self-confidence when he dares to try directly into the market with the end result being defeat. Because from this, he can actually learn more things and try to gain knowledge about where the mistakes he made himself are so that he can lose when he jumps directly into the market.

[Sonia_123]

That guy in question started with crypto in the wrong way. How can someone without any knowledge on cryptocurrency dive into trading immediately, it shows that he was decieved by those influencers on social media who lie to people how much they have made from people and flaunt their wealth on social media to lure people into subscribing for signals and the rest. You should not see bitcoin as a get rich quick scheme by trading, because you will run at big loss and start saying that bitcoin is a scam. Whereas, you were the one that wanted fast money and got scammed. The best way to invest in bitcoin is to see it as a long-term investment and hodli for long to avoid loss.

Is just like you started schooling for the first time and you wrote exam immediately, what do you know to write or how are you going to read without being taught. You need to read , make research and findings about cryptocurrency , what is it and how it works before going into it ,most especially the investment and trading aspect of it . In trading ,you need to know how much you can afford,and the risk involved ,how you can trade your cryptocurrency and it's fundamentals,the truth about cryptocurrency is that you need to read and be patience,so that you not be scammed.

[adultcrypto]

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.

Trading is not supposed to be the first point of call for anyone going into cryptocurrency. It usually leaves the user with bad experience because the risk is very high. Unfortunately, a lot of us started with trading, hence the reason many have very terrible experiences of losses. Any newbie that started cryptocurrency from the premise of investment and long term hold is truly lucky because his pain will be less especially if the focus is bitcoin alone.

So I agree with you OP that understanding is highly needed for anyone trying to trade and get involved with cryptocurrency. Such knowledge is also needed for the investor to be able to protect his asset from theft and other ways assets can be lost. 

[Essential10]

understanding cryptocurrency is by learning what it is and how it works, not by following signals, because if all you do is follow signals then what you are doing is not understanding cryptocurrency, but you are just following someone's footsteps to be able to make a profit. therefore it is very risky for a beginner to follow signals when they do not understand what the crypto market is and the potential of the token they are following. it would be best for them to first learn about cryptocurrencies and try trading on their own to see whether they can understand the crypto market or not.

Understanding or investing in cryptocurrencies is not about investing based on someone's word. Why should you invest your money like someone else because he will not take responsibility for your money if you lose money. Before investing in crypto currency you need to research yourself whether you should invest in it or not. Before doing any trade or investment, one must proceed with analysis about the coin. In the beginning you can quickly invest in a coin such as Bitcoin. But when you go to trade here you need to practice a lot, analyze the market movement and give a lot of time to become proficient.

[Kelward]

It's said that if you fail to plan then you plan to fail, it's that simple, so whatever anybody plans to achieve positive results, they need to first understand how it works, otherwise they have planned their failure.

Crypto trading is hard and risky, a newbie needs to learn about fundamentals and technical analysis before they can understand how trading works, even at that loses still occurs, so people should stop thinking that crypto trading is a get rich quick scheme. I've heard of people who will hear about a hyped project on social media, and without knowing how to carry out research or getting information from experienced crypto investors, they go ahead and invest in a scam project.

[Zigabel]

understanding cryptocurrency is by learning what it is and how it works, not by following signals, because if all you do is follow signals then what you are doing is not understanding cryptocurrency, but you are just following someone's footsteps to be able to make a profit. therefore it is very risky for a beginner to follow signals when they do not understand what the crypto market is and the potential of the token they are following. it would be best for them to first learn about cryptocurrencies and try trading on their own to see whether they can understand the crypto market or not.

Learning has always been the best way to getting any knowledge about cryptocurrencies, generally about anything, learning is the first and best approach else you will not be able to maximize the potentials that are within that sphere or space of opportunity, for beginners in cryptocurrency, following signals alone will not really get to do much for such individual because they are not going to have a first hand information and knowledge about it and that will not help them learn and get better at it, they will be just making profits only when their mentor or the one they are following are making profits as well and in some cases they will be suffering some kind of losses that they will not understand.

Understanding the dynamics of cryptocurrency is one very important factor that beginners must understand for them to be able to trade and not just venture into trading just like that so they don't just loose their funds to the market without knowing how well to be able to probably utilize opportunities in the future to be able to make up for the loss they have made trading when they didn't know, but if they are able to trade by their selves and understand the market well enough then they are goin to do better trading than they, its always best to learn first before earning.

[Belarge]

understanding cryptocurrency is by learning what it is and how it works, not by following signals, because if all you do is follow signals then what you are doing is not understanding cryptocurrency, but you are just following someone's footsteps to be able to make a profit. therefore it is very risky for a beginner to follow signals when they do not understand what the crypto market is and the potential of the token they are following. it would be best for them to first learn about cryptocurrencies and try trading on their own to see whether they can understand the crypto market or not.

The crypto market is for the main traders and investors, making crucial plans to grow their portfolio and also staying foot for the bull and bear season. The market is complex and it will take only those category of traders that knows how comprehend information to survive. The space is all about striving for enormous profits and growth, but there are lay down principles to abide by. Understand cryptocurrency is simple and plain for everyone of us. We take our time to ensure we're holding ground on solidable projects.