Your best advice regarding Cryptocurrencies

[Oshio-man]

First, Invest what you can afford to lose in cryptocurrencies which is my first advice to all newbies to embrace before joining cryptocurrencies investment, secondly cryptocurrencies is not to get rich quick, if you are in that category of people that want to get rich quick from cryptocurrencies, it may lead such people to failure, Thirdly, Always allow bitcoin to be your favorite cryptocurrency investment you can hold for long term before selling, because whenever the price of bitcoin is increasing other cryptocurrencies price follow.

[Creeper0]

I still do not consider myself a qualified person to give advice, because I have very little knowledge about crypto. From my little knowledge, I can say that there is no alternative to gaining knowledge to profit from crypto. Even for crypto investment, you should always use money that you can lose. Because the crypto market is very unstable, there is a high chance of losing here. That is, your money is at risk. In this case, if you have deep knowledge about crypto and knowledge about the coins, then you can make the right choice and make a profit. In this case, knowledge related to investment is also very important.

[Cossyblack]

My advice,Always carryout proper research about Cryptocurrency particularly Bitcoin, equipped yourself with the basic knowledge about bitcoin and blockchain technology. It's all good to invest with amount we can afford to do way,meaning we should invest using our discretional income according to our financial strengths. Don't borrow huge funds to invest in Bitcoin and expect huge returns over night as the market can be very volatile and wouldn't favour a short time investment plan. It's better to approach the market with a  long term investments plan because of the volatile nature of Bitcoin.it also requires long time patient and investment tolerance to be able to Hold for the long term to make reasonable profits.

[EluguHcman]

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.

So feel free to let us know what your best cryptocurrency advice is.

The crypto Blockchain is not like the centralized banking system which you may be denied of having access to the funds at your pleases.

Behold since the crypto currency was invented with the obligations of allowing users to have full authority over their funds and executes transactions without the need of a third party, it is also accorded that to have a full self custodian of your wallet such as privilege of privatizing your funds and keeping your identity untraceable with an intense of advanced securities with Privacies, it can be actualized when holding your assets in the self custodian wallets where only you holds your private keys and a zero KYC requirement in the process unlike holding your coins in the centralized exchanges where you don't hold your private keys and you are being conditional under regulatory policies either by the governments or the exchange authority.


Vital information: States... Your seed phrase and private keys are your assets security documents. So, to stay safe in your home and societies, "Don't trust anyone with your security keys" and don't let the public know you are holding assets on the crypto " reason because, you can be betrayed or be planned against physical attacks of stealing your funds.

[Dr.Bitcoin_Strange]

Based on my 6 years experience in crypto space, I will advice a newbie to start with Bitcoin first during their early stage, they can extend hands to altcoins after they have gathered enough knowledge about crypto. When I first got into crypto & Bitcoin, the price of Bitcoin was at the range of $3k+ - $5k, $10k, if I had invested the money I wasted on some altcoins into Bitcoin and hold it till today, we all know the profit will be huge, but during those days, I was already considering that Bitcoin was too expensive and I needed just cheaper altcoins to buy thousands of it so that when the price go to the moon, I will become rich. 

But guess the coin that goes to the moon? It's Bitcoin. As of February 2019 Bitcoin was $3k+ and yet I said it's expensive, what would I say today that the price is now $111k? All I can do is advice newbies not to make the mistake I made. If you are new, start buying Bitcoin little by little.

[Sim_card]

My best advice to newbies or anyone who wants to start his crypto journey is not to take a loan or borrow money to invest in bitcoin if you don't have a means of income which you can use to pay back the loan gradually till the loan is cleared. This is because bitcoin is a long-term asset and it is only when you invest with your discretionary income that you will be able to hodli for long. Always set up an emergency funds as a long term bitcoin investor, to take care of your real life emergency in order for you not to sell your bitcoin before time.

[SmartGold01]

So feel free to let us know what your best cryptocurrency advice is.

Understanding the difference between Bitcoin, shitcoin and altcoin.
When it comes about investment, many people don't usually know the best coin to invest making them to go invest on shitcoin mostly a pump and dump coin, this is also very risky thing to do, as a newbie it's better to stick on bitcoin than jumping around altcoin that doesn't have a clear future. This is mostly for those who are roaming around for quick profits, Bitcoin is for long term investments, while altcoin is for short term investment but are highly volatile.

Of course, you are right knowing where to stor our seed phrase matters alot as most people who doesn't know how to secure their keys easily get scammed or again, not leaving their coin inside Central exchange it's also risky not to do that as not your key-- not your coin.

[Futurexxx]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

Their are so many beneficial advice I can give to a newbie regarding cryptocurrency, but the exact one I don't joke with is do not invest or trade with an amount you cannot afford to lose.
In as much as we wish to make more money in the crypto industry, let's not forget that our personal well-being is very much important, so ask yourself, if my investment in crypto today goes south, will I be able to bear the loss?
This is one question we as individual can answer for ourselves, but if you can't bear the loss if something like that happens, it's best to reduce it to a figure you can let go, now that it's not too late.

[Onyeeze]

So feel free to let us know what your best cryptocurrency advice is.

● You have mentioned the first important advice someone suppose to give to newbies, because securing your seed phrase is the most important thing both the newbies and experienced someone in crypto space will do..

● cryptocurrency newbies should not be in a hurry to invest in cryptocurrency without making some findings, most of the newbies that complain of losing for their cryptocurrency investment that loss is being experienced because they did not make research of the coin they invest before investing, so they should invest properly before they invest in any new coin

● Let a newbies know that risk management is everywhere, so before they buy a coin, let they consider the factors of losing and also gaining, because two things is involved in cryptocurrency investment either you lose or you gain

● Do not store your keys in your email or anything online, because it can be easily tempered when you loss your electronic gadgets that bear such documents, such as laptops and phones

● Saving your coins in exchange: I know many people is found of keeping their BTC and other cryptocurrency in an exchange, it's error by keeping your coins on exchange, an exchange maybe attacked anything, and on the process of attacking exchange, the exchange may crash, as a newbies it's not good to use exchange wallet as a storing wallet of your coins

[1miau]

Great to have so many insights which you have given here.
It is really important in my opinion to have a good knowledge which points are valuable to share for newbies to make educated decisions when it comes to teaching newbies basic topics about Bitcoin. It is always easy to make a beginners mistake but it is also easy to avoid it if you know about what is essential to know.

[Nheer]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

My advice for newbies who are about to join or just joined the space is to take things slow and and don't go all out at the beginning, do your own research, and never invest more than you can afford to lose and also don't be gready and be patient. Patience is one of the qualities of a successful investor. Don't get caught up in the hype, and focus on learning the basics before making any big moves. Be patient above all be very vigilant and learn how to secure your wallet and assets and you'll be off to a good start.
Cryptocurrency space is a very risky and dangerous place so it is also important to know about the dangers.

Patience is the crucial one for me though.

[BIT-BENDER]

Well I have kind of come along way in crypto-currency generally even if I am not considering myself as amongst those who can be called early bird but so far I have gathered some experience but I would really love to advice people on this one.

People in Nigeria usually have some misconception about Bitcoin or Crypto-currency and even if you do your best some Nigerians are still prone to getting it wrong and hurting themselves.

This advice is for those who tell people about Crypto-currency, I will say that you guys should not fail to put a disclaimer, let them know that they have the final decision and and thing that goes wrong you aren't liable.

[Amphenomenon]

mine is:
Security is required before accumulating, stay informed

Online and physical security are so important in order not to be accumulating and for someone else to steal or take charge of your coins. Mine is broad, it cover every aspect of ]security: not your key, not your coin, phishing scam, social engineering, robbery, etc.

These are what many have suffered and many also will suffer ironically base on an ignorant or unfortunate decision, God help us. Continually staying informed is one way to prevent losing your coin, which is totally painful. Good security is the only way to live with your coin because the internet is a scary place and so as offline as well, if you fail to do the needful for yourself, loved ones and coin protection.

[Ronsbit]

My best advice is:

Not your Keys - not your Coins

This is the first and foremost thing every crypto enthusiast should know about because this is what guarantees the safety of one's assets, as it tells more about the activities of the third-party exchange. 

Another thing that is very important for newbies to know is that they should avoid clicking on links they have no idea about. Avoid PMS with links from an unknown contact they know nothing about, ads these days are not worth it, as the majority of them are traps with malware that could steal personal information when clicked and downloaded.

Keep your portfolio a secret, and not everyone should know your asset value, otherwise, you would become a target for kidnappers or armed robbers, as seen in society lately, where crypto enthusiasts are attacked, kidnapped, and killed.

[Africolo]

First, Invest what you can afford to lose in cryptocurrencies which is my first advice to all newbies to embrace before joining cryptocurrencies investment, secondly cryptocurrencies is not to get rich quick, if you are in that category of people that want to get rich quick from cryptocurrencies, it may lead such people to failure, Thirdly, Always allow bitcoin to be your favorite cryptocurrency investment you can hold for long term before selling, because whenever the price of bitcoin is increasing other cryptocurrencies price follow.

Bitcoin is the top project in cryptocurrency space, we know it's importance already because we're not newbies. I get acquainted with every possible sectors of the space. What we need long and short term in cryptocurrency? We're confident and always open for new opportunities, knowing the dangers and risks involved. Making crucial research in cryptocurrency before hopping on any crypto project. We should always take proper stands to ensure we're reaping gigantic profits for ourselves.

[Mehmet69]

My little advice is: Give people the right knowledge about Bitcoin.

Bitcoin is a digital currency that we all know. But how much do those who are not involved in the forum know? Most people in the world still think of Bitcoin as a scam. In the society where I live, people think of Bitcoin as a scam. There was a time when Bitcoin could not be so popular. Then some people invested in it and within a short time the price of BTC dropped, so they got scared and sold their holdings and suffered losses, due to which they started thinking of BTC as a scam from then on. I want us all to break their misconceptions and reach the right information about Bitcoin.

My little advice to everyone is to wait a long time without being afraid of Bitcoin's volatility, you will reach your goal. And help those who are afraid of Bitcoin overcome their fear with correct and true information.

[cxtreenal]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

Why do newbies invest in cryptocurrency? They need to understand where they are actually ready to put their plans carefully. How does it work? How is it different from real investment? Newbies are confused about their investment if it is lost or they buy the wrong coins. There is a huge difference in their intuition about investing. In this, I have some suggestions and some solutions.

Newbie investors should avoid volatility because cryptocurrency is actually volatile in terms of value so you should stay calm. Try to immerse yourself in realistic thinking. The desire to get high profits in a short time should be forgotten forever. If you want to get high profits you should make through hard work. Market review should be the best choice (Bitcoin) for choosing the right coins. Before you start, you must verify it and decide before accepting the advice given by others. Do not close your eyes.

Learn to take responsibility for your assets and have confidence in yourself before making final decisions. Withdraw from trading, it will eat away at your capital and can deplete it. Learn to be a long-term investor, your capital will reward you.

[Jegileman]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.

Not your keys, not your coins has been echoing in my ears since i came to know about bitcoin and get to join this forum. When you don’t know about this ‘not your keys, not your coins’ phrase, you’re at a very high risk of losing your money to scammers or those you make it openly to.

Another advice newbies needs to know is that one should invest in bitcoin what they can afford to spare to invest. I will not say what they can afford to lose because bitcoin investment will give you good return on your investment and that has been checked to be true since the inception of it.

[Antotena]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

There is no free Bitcoin on the internet There is this unending trend of people displaying all sort of cash, brand new cars to convince people that doesn't know much about Bitcoin and ask them to invest in them as they are some kind of Bitcoin investor or help them double their Bitcoin investment, this has been rebranded to many fraud in crypto space. You even see people give 300% on their Bitcoin investment when it's literally no free Bitcoin on the internet.

Another delusional practice is Bitcoin mining that some website makes people does all kind of things telling them to mine Bitcoin and do all sort of task by giving them sats in return. By the time you have make them share and like 200 posts and even do some engagement, you will wouldn't be allow to withdraw because there is no free Bitcoin on the internet, nobody is given you free Bitcoin for doing any kind mining or joining website from connect your phone, you battery will die immediately.

[Odogwu-Blockchain]

My best advice to newbies coming to the space is,

Be sure to have many streams of income before considering long term investment in crypto, failure to do so will result in the investor selling off his asset repeatedly until he missed out the profit yet to come.