Any advice for a newbie? | Bitcointalksearch.org

adamreb

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Activity: 434

Merit: 10

The main rule for me is always to learn more about a specific field of activity. Therefore, at the beginning of work on the crypto market, I spent a lot of time on this forum, read the opinions and reports of analysts, successful investors. Now you can invest profitably, but you need to choose the right coins.

Dolarin

full member

Activity: 294

Merit: 100

I think you need to learn how to trade first. Trading in crypto is the most profitable job, if you learn to do it of course. Good luck!

lorapalmer

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https://bvo.trybravo.com/

Quote from: cluelessaboutcrypto on November 10, 2017, 08:38:25 AM

Hi guys,

Newbie here trying to set up a crypto profile. 1 month ago I had heard the name Bitcoin but didn't know what it was other than a digital currency and had not heard of any alt coins so bear with me Undecided

I don't have a huge amount to invest, thus far i have 0.13 BTC and 2 ETH, 2.6k XRP AND 50 OMG. I want to keep adding to this and keep it for as long as needed, i am not really interested in trading as i don't understand this space enough to do that.

Any ideas or thoughts? Should i move any of these around? Concentrate on adding to bitcoin? Add to XRP/OMG etc etc???

Also i have a ledger nano s en route to keep my coins.

cheers

I would advise to get a deep knowledge about the cryptocurrency and how it works prior to making any investments. Another thing, start your investments with small amounts to be on a safe side. Better to learn with a less mistakes and losses.

dimb

sr. member

Activity: 630

Merit: 261

If you are starting a new business, it is very important to get useful tips. I would recommend not to panic when working with cryptocurrency and to devote more time to training in this industry.

MrKasperOne

jr. member

Activity: 316

Merit: 3

quarkchain.io

The main advice, buy a hardware wallet. Take the $ 100.
Then look at the market, study the projects. And buy yourself a token market.
I would advise you to pay attention to the project IOTEX !!!!

Subchanallah

member

Activity: 406

Merit: 10

1. Don’t take advice from people who don’t understand the technology behind the cryptocurrencies. Most of people with finance background give you advice even when they don’t understand the technology behind the cryptocurrencies. Do your own study.
2. Buy during the blood bath and sell during the high Grin

3. Be aware of the Cryptocurrencies fork. For first timer, fork will be difficult to understand but you will get it if you do your homework properly.

JohnMacZeppelin

full member

Activity: 602

Merit: 101

For completely new market participants, I think that all the most important thing is not to rush into investing your money in cryptocurrency, because if you invest money in a project that does not hope, which will very quickly become a scam project, there is a high probability of losing all the money.

Mystogan915

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Activity: 320

Merit: 10

Quote from: cluelessaboutcrypto on November 10, 2017, 08:38:25 AM

Hi guys,

Newbie here trying to set up a crypto profile. 1 month ago I had heard the name Bitcoin but didn't know what it was other than a digital currency and had not heard of any alt coins so bear with me Undecided

I don't have a huge amount to invest, thus far i have 0.13 BTC and 2 ETH, 2.6k XRP AND 50 OMG. I want to keep adding to this and keep it for as long as needed, i am not really interested in trading as i don't understand this space enough to do that.

Any ideas or thoughts? Should i move any of these around? Concentrate on adding to bitcoin? Add to XRP/OMG etc etc???

Also i have a ledger nano s en route to keep my coins.

cheers

That's good, you have a ledger nano because your coins are safe and will not be stolen by the hackers. My suggestion to you is to focus on two investments only. Like for example BTC and ETH. I will focus on that two coins and wait for the right time to sell it, or maybe choose a long term investment, and a short term investment.

MortonAlden

newbie

Activity: 192

Merit: 0

Quote from: cluelessaboutcrypto on November 10, 2017, 08:38:25 AM

Hi guys,

Newbie here trying to set up a crypto profile. 1 month ago I had heard the name Bitcoin but didn't know what it was other than a digital currency and had not heard of any alt coins so bear with me Undecided

I don't have a huge amount to invest, thus far i have 0.13 BTC and 2 ETH, 2.6k XRP AND 50 OMG. I want to keep adding to this and keep it for as long as needed, i am not really interested in trading as i don't understand this space enough to do that.

Any ideas or thoughts? Should i move any of these around? Concentrate on adding to bitcoin? Add to XRP/OMG etc etc???

Also i have a ledger nano s en route to keep my coins.

cheers

Well of course as a newbie you must look for excellent coins in the market. Do not go for coins that are not stable. Paragon, Cardano and Stellar are too good for you.

GavenJack

member

Activity: 210

Merit: 10

Quote from: r_delossa on October 30, 2018, 06:59:19 AM

Your deposit is great to start. A little bit more than 1,2k USD is an awesome start. Try to learn how to trade and do not forget to pay your attention to the margin trading. If you are good in trading, than you can start earning good money.

I fully agree with this statement! The amount you have is enough to invest in projects that start! I wish you accuracy in trading and good luck in making investments!

heleng05

member

Activity: 322

Merit: 10

I think the best advise that I follow before when I was new here is to follow their rules and regulations and keeping myself updated on what's going on in the market and the community. And I think it really helps me that can also help you about that strategy.

Tope559

jr. member

Activity: 199

Merit: 1

My advise for newbie is to take it cool and do not rush into any investment that you don't know much about and don't ever joke with your private key.

r_delossa

member

Activity: 490

Merit: 10

Your deposit is great to start. A little bit more than 1,2k USD is an awesome start. Try to learn how to trade and do not forget to pay your attention to the margin trading. If you are good in trading, than you can start earning good money.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

Do not participate in airdrop, do not take part in all the bounty in a row without analysis, do not be lazy. Perhaps this is the main thing you need for a good start.

Komandor8957

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Activity: 420

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The World’s First Blockchain Core

I think you should add some new altcoins like PundyX or Dropil. They have every reason to increase in value several more times.

Lwtelencio

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Activity: 253

Merit: 10

Quote from: ?? on ??

Quote from: cluelessaboutcrypto on November 10, 2017, 08:38:25 AM

Hi guys,

Newbie here trying to set up a crypto profile. 1 month ago I had heard the name Bitcoin but didn't know what it was other than a digital currency and had not heard of any alt coins so bear with me Undecided

I don't have a huge amount to invest, thus far i have 0.13 BTC and 2 ETH, 2.6k XRP AND 50 OMG. I want to keep adding to this and keep it for as long as needed, i am not really interested in trading as i don't understand this space enough to do that.

Any ideas or thoughts? Should i move any of these around? Concentrate on adding to bitcoin? Add to XRP/OMG etc etc???

Also i have a ledger nano s en route to keep my coins.

cheers

Before risking, read as much as you can.Also for newbies like you I suggest try not to trade

The only advice that I can share to you is that you must know the cryptocurrency do research about digital currency, understand and know the rules behind the crypto so that once other people will say something negative you will not easily believe on those criticization about bitcoin.

chokomenia

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Activity: 364

Merit: 10

take & Vote or Become a IoTeX Delegate!

Quote from: Swinging Phallus on November 10, 2017, 08:49:33 AM

I see you are far ahead seeing that you already have alt coins, and a nano ledger. A lot of people ask questions on even how to purchase altcoins and how to trade it. If you are just starting I think you are taking a nice route with alt coins as well those are solid coins with a decent fluctuation. Just don't be too greedy when you make gains if you are going for the short term, set your goals (which are hopefully realistic) with your sell orders and leave it be. If you are going for long term, as long as you did your THOROUGH research, just be patient!

Welcome to the club. Wink

Exactly my thought , if you already have some good asset and a nano ledger then you are no longer a newbie in the space, most people that have been here for years don't even own a nano ledger, what you need to do now is to protect your investment and learn how to increase your protofolio

Mr Batman

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Activity: 378

Merit: 10

EndChain - Complete Logistical Solution

Quote from: cluelessaboutcrypto on November 10, 2017, 08:38:25 AM

Hi guys,

Newbie here trying to set up a crypto profile. 1 month ago I had heard the name Bitcoin but didn't know what it was other than a digital currency and had not heard of any alt coins so bear with me Undecided

I don't have a huge amount to invest, thus far i have 0.13 BTC and 2 ETH, 2.6k XRP AND 50 OMG. I want to keep adding to this and keep it for as long as needed, i am not really interested in trading as i don't understand this space enough to do that.

Any ideas or thoughts? Should i move any of these around? Concentrate on adding to bitcoin? Add to XRP/OMG etc etc???

Also i have a ledger nano s en route to keep my coins.

cheers

if my advice is better you move all your portfolios to bitcoin, because in my opinion investing in bitcoin is safer and definitely more profitable because the price will increase every time and when the price goes down you just need to buy more and hold (don't let you do panic sell because it will definitely make you lose).

ligerti

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Activity: 406

Merit: 10

Quote from: cluelessaboutcrypto on November 10, 2017, 08:38:25 AM

Hi guys,

Newbie here trying to set up a crypto profile. 1 month ago I had heard the name Bitcoin but didn't know what it was other than a digital currency and had not heard of any alt coins so bear with me Undecided

I don't have a huge amount to invest, thus far i have 0.13 BTC and 2 ETH, 2.6k XRP AND 50 OMG. I want to keep adding to this and keep it for as long as needed, i am not really interested in trading as i don't understand this space enough to do that.

Any ideas or thoughts? Should i move any of these around? Concentrate on adding to bitcoin? Add to XRP/OMG etc etc???

Also i have a ledger nano s en route to keep my coins.

cheers

I am very happy to see new participants in the crypto market. This means that more and more people are beginning to understand all the features and benefits of cryptography. But to start a successful business you need to work a lot, especially at first. Do not rush to investment, pay attention to the beginning of the study of cryptography and participation in the bounty.

andor.gellenhidi

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Activity: 602

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Learn to analyze the information received, the most important thing is not to believe the information immediately, because you need to develop critical thinking that can definitely improve the situation that is now in your head.

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