Topic: best crypto venture for beginers - page 2. (Read 315 times)
First understand that bitcoin is not a pyramid scheme neither is it a get rich quick scheme. Don't be greedy, the crypto space is harsh to newcomers scammers are on every platform looking for targets any way they can with cloud mining scams, btc doubling e.t.c. Learn about bitcoin before you think of investing. You have learn the art of trading before trying to open a live account. Although I think the best thing to do for a newbie is buy bitcoin and hodl but what do I know. Lastly only invest what you can afford to lose
The best and most profitable among them all is mining, cryptocurrency mining is the most rewarding because you get paid per second and how much harsh you can provide to confirm each transaction, but it requires high skills in computer programming and also needs a huge capital to set up a mining farm. The less risky and time-consuming one is holding just by buying and storing in your wallet, waiting for the price to rise to cash in on your profits.
Thats not true , and you forgot the Electricity consumption for mining , its only profitable when you dont have to pay much for your Electricity or nothing.And you dont get paid per second , you get paid per accepted shares that your miner making and this depends on how much Hasrate you have and what kind of Algo you are mining.
You should be looking more into mining and how it works before you write something about.
Sometimes Staking is better as mining , and for investing in a mining rig you can buy just the coins and hold them.
The advice I gave is more conservative.
1.I think you buy every time it drops, don't think about selling, most of the sells will not be able to buy back in the end,Because you will feel that you can buy a lower price, in fact, you don't know where the bottom is.
2. I think that some DeFi mining with a relatively large audience can participate, such as SUSHI or CAKE, but CAKE is not completely decentralized, and there is a certain suspicion of being controlled. In my heart, there is an aversion to all centralized things.
3.There is also a lot of learning in the forum. Many altcoins have potential, but you need to have a pair of bright eyes and discover potential projects, but you must be careful not to be deceived.
1.I think you buy every time it drops, don't think about selling, most of the sells will not be able to buy back in the end,Because you will feel that you can buy a lower price, in fact, you don't know where the bottom is.
2. I think that some DeFi mining with a relatively large audience can participate, such as SUSHI or CAKE, but CAKE is not completely decentralized, and there is a certain suspicion of being controlled. In my heart, there is an aversion to all centralized things.
3.There is also a lot of learning in the forum. Many altcoins have potential, but you need to have a pair of bright eyes and discover potential projects, but you must be careful not to be deceived.
The best and most profitable among them all is mining, cryptocurrency mining is the most rewarding because you get paid per second and how much harsh you can provide to confirm each transaction, but it requires high skills in computer programming and also needs a huge capital to set up a mining farm. The less risky and time-consuming one is holding just by buying and storing in your wallet, waiting for the price to rise to cash in on your profits.
Hello, this is not advertising. I just wanted to share a good source https://gemvotes.com/ from where I follow all new crypto coins updates. There are also votes, you can see most voted coins. 
The website you posted is too difficult for a newbies. First of all, it is the defi project, which is very difficult for novices to operate; secondly, the recommended project is not necessarily a good project, meme coins. The risk is too high.
A lot of those coins look quite low cap too which likely means they're low liquidity.
I can't imagine why something like that wouldn't get spammed too if it's possible to vote on it and the most votes received are around 3000, surely you could make your own coin and pay for it to be bumped up the list (by 4000 people)...
Hello, this is not advertising. I just wanted to share a good source https://gemvotes.com/ from where I follow all new crypto coins updates. There are also votes, you can see most voted coins.
The website you posted is too difficult for a newbies. First of all, it is the defi project, which is very difficult for novices to operate; secondly, the recommended project is not necessarily a good project, meme coins. The risk is too high.
Hello, this is not advertising. I just wanted to share a good source https://gemvotes.com/ from where I follow all new crypto coins updates. There are also votes, you can see most voted coins.
As for trading I will suggest to -Newbies- to be use money/time for learning how to trade crypto-currency, like I am doing, am finding it very exciting, from what I have learnt it doesn't mean I won't lose or I would make so much out when I finally trade, but I have always been curious about having knowledge as my background,
I think that goes too for mining and more activity about crypto-currency, my biggest suggestion is have the knowledge.
I think that goes too for mining and more activity about crypto-currency, my biggest suggestion is have the knowledge.
I've never done defi farming, I find it too risky because of those hacks that has happened to those defi farms/pools.
I'd suggest holding most of your balance ~90+% imo.
I reckon this suggestion, this is what I do. Holding everything that I can and if I don't have any important goods to buy, I'll just hold it until I can. As newbies, they don't really have to do that much and they're good to start with holding. 
It's very simple. Buy Bitcoin for an amount you can afford to lose. Send it to a non-custodial and open source wallet that is properly backed up and leave it there.
- Forget about trading if you are a newbie and you don't have trading experience. You need to know how to read the charts, recognize the trends, and be able to predict what will happen next.
- Bitcoin mining requires investing in expensive hardware and unless you join a mining pool, you aren't going to generate profits solo mining. It's an expensive venture unless you have some capital to begin with.
- I have nothing against staking, but it involves transferring the ownership of your coins to someone else. Those sites or platforms could experience hacks, exit scams, or have serious bugs which could cause you to lose your coins. All of these scenarios have happened many times.
- DeFi platforms have had various exit scams and vulnerabilities as well. It's also quite expensive communicating and moving your tokens across various smart contracts.
Start with the basics. Buy and hold.
- Forget about trading if you are a newbie and you don't have trading experience. You need to know how to read the charts, recognize the trends, and be able to predict what will happen next.
- Bitcoin mining requires investing in expensive hardware and unless you join a mining pool, you aren't going to generate profits solo mining. It's an expensive venture unless you have some capital to begin with.
- I have nothing against staking, but it involves transferring the ownership of your coins to someone else. Those sites or platforms could experience hacks, exit scams, or have serious bugs which could cause you to lose your coins. All of these scenarios have happened many times.
- DeFi platforms have had various exit scams and vulnerabilities as well. It's also quite expensive communicating and moving your tokens across various smart contracts.
Start with the basics. Buy and hold.
I'd suggest holding most of your balance ~90+% imo.
You can invest whatever you are prepared to lose in other stuff and you might find it easier to learn that way but you might get away with doing some research on stuff and finding ways to make more money - eg exchanges and defi platforms paying a few % on crypto (0.1-8% has been reasonable but for now interest rates are around 0.1-3%).
You can invest whatever you are prepared to lose in other stuff and you might find it easier to learn that way but you might get away with doing some research on stuff and finding ways to make more money - eg exchanges and defi platforms paying a few % on crypto (0.1-8% has been reasonable but for now interest rates are around 0.1-3%).
I created this thread for discussion and suggestions.
Haven’t experience over the years the challenges faced by newcomers in understanding what it entails in cryptocurrency ventures such as trading, mining, staking and defi farming, with so many newcomers not really understanding of what it takes to venture into this different cryptocurrency aspect that maximize it full potentials. many newbies end up losing their resources in the curse of these activities because of lack of knowledge because of greed and quest to get rich quick through cryptocurrency without knowing the risk involved.
what are your suggestion and guides for new investors in our midst?
Haven’t experience over the years the challenges faced by newcomers in understanding what it entails in cryptocurrency ventures such as trading, mining, staking and defi farming, with so many newcomers not really understanding of what it takes to venture into this different cryptocurrency aspect that maximize it full potentials. many newbies end up losing their resources in the curse of these activities because of lack of knowledge because of greed and quest to get rich quick through cryptocurrency without knowing the risk involved.
what are your suggestion and guides for new investors in our midst?
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