Topic: A beginner's guide for investing in Bitcoin & Altcoins (Read 709 times)
As the tech literacy of the population increases, acceptance of crypto as a legitimate store of value follows, and it boomed. Titles along the lines of ‘Bitcoin price hits new all-time high’ and ‘Ethereum price surges’ are starting to perforate the general public’s news feed. What we know for sure is that people who were once skeptical of Bitcoin and the technology behind it are slowly understanding and getting increasingly involved with crypto. Check out coinmarketcap for the tabulation of various coins’ market cap and price. Check out cryptowat for the prices of popular coins across different exchanges. Check out the respective coins’ subreddits for available news and market sentiments.
there are different means to learn about it and you don't have to borrow any one times and by disturbing anyone. i think you have to search online now there are different cryptonews / cryptoguide websites and even more blogs and you can watch different youtube videos on it and last but the not least on this forum you can find enough stuff on this topic.
Hi Ladies and Gents,
I have build a new site on investing in cryptocurrencies:
https://kryptogeld24.de/
I write about exchanges, wallets, mining etc as well.
Take a look and see if it's useful for you.
Critic is more than welcome!
Ciao,
Flo
Great website, i already take a look of that site and i can say that your site is a good one and it discuss all the basic topics that every newbie or even bitcoin user should read. I hope that you will add some tips or tutorial on how to do trading because it might be a huge help for anyone who want to start trading. It can also make your site popular since your site is soon to be all in one information. I have build a new site on investing in cryptocurrencies:
https://kryptogeld24.de/
I write about exchanges, wallets, mining etc as well.
Take a look and see if it's useful for you.
Critic is more than welcome!
Ciao,
Flo
When investing in altcoins and crypto in general, you want to make sure that you buy when the price is low and sell when it is high.
It might seem like common sense, but many people do not follow this simple rule.
That is correct and I've made that mistake.It might seem like common sense, but many people do not follow this simple rule.
I bought ETH at it's high.
But I've learned from my mistake and bought BTC when it was low and right now it's up over 50%.
see here:
https://www.cryptocompare.com/portfolio-public/?id=35294
When investing in altcoins and crypto in general, you want to make sure that you buy when the price is low and sell when it is high.
It might seem like common sense, but many people do not follow this simple rule.
Second, you need patience. Without patience you will panic buy/sell and say goodbye to your money if this is the case.
It might seem like common sense, but many people do not follow this simple rule.
Second, you need patience. Without patience you will panic buy/sell and say goodbye to your money if this is the case.
It seems to me that there is no difference in what to invest. You can make good money on bitcoins and altcoins. The most important thing is your ability to trade. I do believe the most profitable investment in education.
Nice for sharing your story and insight. I think it's a good idea if you put some general reference links too since information is limited to your experience. For example, put something like "if you want to know more about other wallets: check https://bitcoin.org/en/choose-your-wallet"
Good luck!
Pretty good point from pinkflower. Why top 20, not more or less, top 10 or 30 maybe? I mean, the rank is constantly changing, even the market cap and there's always a risk on every investment. I honestly don't check the rank of the coins, doesn't matter to me really as long as the project looks good & has a potential, that's okay.
Good luck!
Pretty good point from pinkflower. Why top 20, not more or less, top 10 or 30 maybe? I mean, the rank is constantly changing, even the market cap and there's always a risk on every investment. I honestly don't check the rank of the coins, doesn't matter to me really as long as the project looks good & has a potential, that's okay.
I have a comment about your strategy page.
https://kryptogeld24.de/strategy/
This is what you wrote,
This forum or any other forum are not good starting points. In fact, beginners should avoid reading the recommendations made in all forums. People today are not as generous in giving the right tips anymore. You should warn them.
You also said to stick to the top 20. It may be safer, but you are missing out on the more undervalued cryptocurrencies. There are good coins with good potential outside of the top 20.
https://kryptogeld24.de/strategy/
This is what you wrote,
Quote
Don’t rely on the statements of just one source, always check the information. There are false recommendations everywhere that might damage you and profit others. A good starting point are forums such as bitcointalk.org und CoinForum.
This forum or any other forum are not good starting points. In fact, beginners should avoid reading the recommendations made in all forums. People today are not as generous in giving the right tips anymore. You should warn them.
You also said to stick to the top 20. It may be safer, but you are missing out on the more undervalued cryptocurrencies. There are good coins with good potential outside of the top 20.
absolutely true! it is as always: greater risk usually equals greater rewards (and also loses)!!
How do you minimize risk?
Get as much information on the risk as you can! equals reduction of your risk because you now have the information to make a qualified decision (eg. scam? use? Team? etc)
Also for example there are quite a few of Coins who use betting and lotteriesystems. If you look at the charts of online betting sites you can see that they on average grow 20% per year which means Blockchainlotterie will also profit over the years!
This forum or any other forum are not good starting points. In fact, beginners should avoid reading the recommendations made in all forums. People today are not as generous in giving the right tips anymore. You should warn them.
You also said to stick to the top 20. It may be safer, but you are missing out on the more undervalued cryptocurrencies. There are good coins with good potential outside of the top 20.
Thanks! I will update the page accordingly.
I have a comment about your strategy page.
https://kryptogeld24.de/strategy/
This is what you wrote,
This forum or any other forum are not good starting points. In fact, beginners should avoid reading the recommendations made in all forums. People today are not as generous in giving the right tips anymore. You should warn them.
You also said to stick to the top 20. It may be safer, but you are missing out on the more undervalued cryptocurrencies. There are good coins with good potential outside of the top 20.
https://kryptogeld24.de/strategy/
This is what you wrote,
Quote
Don’t rely on the statements of just one source, always check the information. There are false recommendations everywhere that might damage you and profit others. A good starting point are forums such as bitcointalk.org und CoinForum.
This forum or any other forum are not good starting points. In fact, beginners should avoid reading the recommendations made in all forums. People today are not as generous in giving the right tips anymore. You should warn them.
You also said to stick to the top 20. It may be safer, but you are missing out on the more undervalued cryptocurrencies. There are good coins with good potential outside of the top 20.
There is already a lot of cryptonews / cryptoguide websites and even more blogs, twitter accounts ect. There is a bit of interesting information on your blog but I think that it could be a good idea if you put some of it (at least some headlines) to the thread so people could the the difference between you and the other blogs.
There is only one thing that is true when it comes to trading - BUY LOW, SELL HIGH!
If you follow this rule, you will always be successful.
Too many traders get scared and then they panic sell/buy without careful analysis and they lose money.
If you follow this rule, you will always be successful.
Too many traders get scared and then they panic sell/buy without careful analysis and they lose money.
This is a very interesting topic, I think a lot of people are successful in the field of trading, certainly many are very experienced, I myself have not had experience in trading, but I can learn from people more experienced, I think trading in bitcoin is Very appropriate for now, very high bitcoin price, this can be a bright future for us all. I think indeed for beginners need guidance from the more experienced in trading in bitcoin.
Please excuse me for the words I say, are you sure you made this site? its quite good anyway, it has lot of information we could get.
Just add more interesting thing or unique style that could get more attention others to check it by the community.
I made a screenshot of your post and uploaded it to my site:
https://kryptogeld24.de/wp-content/uploads/2017/07/2017-07-31-18_00_18-A-beginners-guide-for-investing-in-Bitcoin-Altcoins.png
Does that convince you of my authenticity?
Thanks for the suggestion, I have a few ideas to add to the site.
While I do trust you, I have unfortunately learned the hard way that clicking on random Bitcoin-related websites is usually a bad idea. I have lost thousands from scammers with Bitcoin, and not prepared to lose more. Sorry.
With that said, I wish you all the best with your site and trading. In my opinion, trading is the best & fastest way to make BTC.
That's totally fine. As I say one my site, don't trust one source only and verify all sources. With that said, I wish you all the best with your site and trading. In my opinion, trading is the best & fastest way to make BTC.
Hi Ladies and Gents,
I have build a new site on investing in cryptocurrencies:
https://kryptogeld24.de/
I write about exchanges, wallets, mining etc as well.
Take a look and see if it's useful for you.
Critic is more than welcome!
Ciao,
Flo
I have build a new site on investing in cryptocurrencies:
https://kryptogeld24.de/
I write about exchanges, wallets, mining etc as well.
Take a look and see if it's useful for you.
Critic is more than welcome!
Ciao,
Flo
While I do trust you, I have unfortunately learned the hard way that clicking on random Bitcoin-related websites is usually a bad idea. I have lost thousands from scammers with Bitcoin, and not prepared to lose more. Sorry.
With that said, I wish you all the best with your site and trading. In my opinion, trading is the best & fastest way to make BTC.
Hi Ladies and Gents,
I have build a new site on investing in cryptocurrencies:
https://kryptogeld24.de/
I write about exchanges, wallets, mining etc as well.
Take a look and see if it's useful for you.
Critic is more than welcome!
Ciao,
Flo
I have build a new site on investing in cryptocurrencies:
https://kryptogeld24.de/
I write about exchanges, wallets, mining etc as well.
Take a look and see if it's useful for you.
Critic is more than welcome!
Ciao,
Flo
Please excuse me for the words I say, are you sure you made this site? its quite good anyway, it has lot of information we could get.
Just add more interesting thing or unique style that could get more attention others to check it by the community.
Looks pretty interesting, for the size of this blog is very interesting, we can see a lot of information about the world of crypto, add a few tips and tricks to attract more visitors
It will attract visitor by itself why you are saying here because as you know that bitcoin is more powerful and people are now a days attention to bitcoin that it will be the most best and better currency in there world everywhere. Bitcoin doesn't attention them but bitcoin market has shown to people what it can do for people in the future if they invest in bitcoin.Looks pretty interesting, for the size of this blog is very interesting, we can see a lot of information about the world of crypto, add a few tips and tricks to attract more visitors
Thank you!
I have added more information on what to look out for at the starting page: https://kryptogeld24.de/
Looks pretty interesting, for the size of this blog is very interesting, we can see a lot of information about the world of crypto, add a few tips and tricks to attract more visitors
Hi Ladies and Gents,
I have build a new site on investing in cryptocurrencies:
https://kryptogeld24.de/
I write about exchanges, wallets, mining etc as well.
Take a look and see if it's useful for you.
Critic is more than welcome!
Ciao,
Flo
I have build a new site on investing in cryptocurrencies:
https://kryptogeld24.de/
I write about exchanges, wallets, mining etc as well.
Take a look and see if it's useful for you.
Critic is more than welcome!
Ciao,
Flo
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