best way to start - page 2. | Bitcointalksearch.org

BALIK

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Quote from: wiss19 on December 11, 2023, 09:15:26 PM

Best way to start is to gain knowledge, start with the basics and keep moving up the ladder of knowledge until you learn each and everything about the market and trading practices and techniques. You should know everything including risks, risk management techniques, trading types like spot, futures, options, and indicators, strategies, types of analysis and how they are done, and everything else that I have missed because you are going to need them all if you get into trading so that you don't lose your money.

A lot of people make the mistake of underestimating the importance of knowledge when they are getting into cryptocurrency trading because they think it's very easy and they can trade and earn a lot of profit without any problems but that's not true because knowledge is the most important thing in a financial market.

Not only in the financial market but in any field or job, knowledge is always the most important thing. Without knowledge, we don't expect anything, and investing without knowledge is like gambling.

There is no field or job in this world where you can easily make money without effort or knowledge. If we want to earn more money, we need to sacrifice and trade-off more. In the financial market in general and bitcoin in particular, the higher the profit, the higher the risk and if we do not have the knowledge and are not ready to trade off, we should not participate.

wiss19

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Best way to start is to gain knowledge, start with the basics and keep moving up the ladder of knowledge until you learn each and everything about the market and trading practices and techniques. You should know everything including risks, risk management techniques, trading types like spot, futures, options, and indicators, strategies, types of analysis and how they are done, and everything else that I have missed because you are going to need them all if you get into trading so that you don't lose your money.

A lot of people make the mistake of underestimating the importance of knowledge when they are getting into cryptocurrency trading because they think it's very easy and they can trade and earn a lot of profit without any problems but that's not true because knowledge is the most important thing in a financial market.

red4slash

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Quote from: hollowdoor on December 07, 2023, 10:43:42 AM

recently i get help from some good people to open wallet for bitcoin.

I think this is quite important to discuss if in the end the help of some friends who are considered good according to you is selfless in doing help, i mean is that even if it is a favour you still have to be vigilant and don't let the seed you have be known by your friend who did help make your wallet.

Because if they do know the seeds you have I think it could have a hidden intention and what you think is good could have something in it. Its okay to ask questions and to ask for help but what needs to be underlined in this case is that you also have to be able to make yourself as well hidden as possible, especially for the seeds you have when making wallets because if someone else knows and can open your wallet, the contents of your wallet may disappear.

Mauser

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Quote from: hollowdoor on December 07, 2023, 10:43:42 AM

recently i get help from some good people to open wallet for bitcoin.
im a kid for this world but my age is not.
May 25, 2018, 04:54:25 PM my account activation date.
now i curious to know more about this world, how its work, how to start here.
how can i help someone.

It's nice to help others and the first step should always be to teach newcomers about the risks and benefits of crypto currencies. Helping people to understand the goal of crypto currencies is going to make them see the long term benefits and why everybody should atleast hold some coins. Which would also be the next step to help others with doing their first purchases. Right now crypto prices seem quite high, but if you don't own any coins at all you are not going to profit of future price rises. A small purchase to start the crypto journey is fine and will teach a lot about the process of crypto trading. Which would lead to the third step we should teach others, the safe long term storage of our coins. It's important to choose the right wallets and store the keys properly.

barisbilgili

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Quote from: samuraijin on December 10, 2023, 05:48:08 AM

Looking for reliable information is not just looking for Google or other social media but something you can trust and already know how to get to know Bitcoin and other things related to Bitcoin, especially how to store it, which must be known first and how to use it, one Another thing is, don't use money for your household needs, because if you use this money it will disrupt your investment in the future, that Bitcoin is bought from money that is at least dead money and not used for living needs.

Of course, the very important thing to start with is learning about Bitcoin well and we have to be able to understand how to collect it and store it well and it would be even better to have someone accompany us to learn about Bitcoin because we can ask those who already have experience with it. Of course, they will tell us well because if we only learn from Google, maybe we will have difficulty if we encounter problems that we have never studied on Google and if we go directly to those who are experienced in this field, of course we will find it easier to understand.

Yes, you are right, we cannot invest using the funds we need because this will affect the investment we make while it is running and we need the funds, it would be better for us to use funds that we have saved and not used for any needs so we don't will disrupt the investments we make.

Mpamaegbu

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Quote from: Ojima-ojo on December 08, 2023, 12:15:08 AM

But if actually, someone did help you to create a bitcoin wallet, then I advice you never to use that wallet, learn how to create one yourself, and only use wallets you created yourself, never trust your wallet keys or seed phrase with any third party, be it your brother or sister.

I beg to differ on this. While I know you're generic in that comment, I also have read others toe that line of thought, but that doesn't apply in all cases. We should know that there are people who don't give a hoot about the seedphrase of others. I've created several wallets for people without even having a peep into what they've there. Some I activated physically in their presence while others I did online for, several distance apart, and I never bothered to ask. I only made sure they knew what to copy and from where. I've bought Bitcoin and other cryptos for people without owing or having access to their wallets after creating those wallets for them. Doing that and making sure they don't reveal their seedphrases to me is my own way of instilling in them that thought process of Not Ever Revealing their seedphrase to anyone, no matter who. "If as a mentor I didn't allow you reveal to me, what else will make you reveal to anyone else?" That's the way I put it to them.

lizarder

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Quote from: hollowdoor on December 07, 2023, 10:43:42 AM

recently i get help from some good people to open wallet for bitcoin.
im a kid for this world but my age is not.
May 25, 2018, 04:54:25 PM my account activation date.
now i curious to know more about this world, how its work, how to start here.
how can i help someone.

This will be quite risky for some people who know how because getting help opening a bitcoin wallet from someone else has the potential for them knowing your private key so that when a lot of bitcoins are collected, security is very worrying. My suggestion is to change to another wallet if you intend to invest it and leave the one made by someone else as a lesson for opening a wallet. Your account was created a long time ago and it shouldn't be difficult to create a bitcoin wallet because there are lots of discussions on forums about bitcoin wallets that are safe to use.

How can you possibly help other people when you yourself don't understand how to create a bitcoin wallet even though you have been actively registered on the forum for quite a long time. Read a lot so that you have broader knowledge because teaching other people to knowledge like yours will not provide comparable knowledge to other people.

batang_bitcoin

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You have already started and has got a lot of post. All you have to do is to sit and keep learning all of those suggestions that has been said to you. There is so much for you to learn and just keep going on with all of the curiosity that you might feel and think because after asking, there are the answers and you are not applying any of them then it is useless for you to take most of the suggestions given to you.

samuraijin

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Looking for reliable information is not just looking for Google or other social media but something you can trust and already know how to get to know Bitcoin and other things related to Bitcoin, especially how to store it, which must be known first and how to use it, one Another thing is, don't use money for your household needs, because if you use this money it will disrupt your investment in the future, that Bitcoin is bought from money that is at least dead money and not used for living needs.

lombok

sr. member

Activity: 882

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Quote from: Captain Corporate on December 10, 2023, 03:58:56 AM

The best way to start is googling. Because if you do end up googling then you are going to end up with something that would benefit you, and could do a lot better on the long run. I think it should be something that would benefit everyone if we could end up with something that would be a greater result. If you google and learn more about bitcoin then slowly you will get to a better point. A person could spend a month learning about bitcoin and go from "I have no idea how to buy any bitcoin" to "ema seems low enough to buy based on this chart", that would take just a month if you spend good enough time learning about it. So that is what you should aim to do as well.

Being independent is the best. I'm sure as you said, Google has provided a lot of information and it's up to us to access it there.

OP, in the crypto space it is very risky to involve other people when creating a Bitcoin/cryptocurrency wallet, especially if the other person keeps a copy of the wallet's private key. The main rule of crypto is that your asset is the private key.

Captain Corporate

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The best way to start is googling. Because if you do end up googling then you are going to end up with something that would benefit you, and could do a lot better on the long run. I think it should be something that would benefit everyone if we could end up with something that would be a greater result. If you google and learn more about bitcoin then slowly you will get to a better point. A person could spend a month learning about bitcoin and go from "I have no idea how to buy any bitcoin" to "ema seems low enough to buy based on this chart", that would take just a month if you spend good enough time learning about it. So that is what you should aim to do as well.

Nrcewker

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Quote from: hollowdoor on December 07, 2023, 10:43:42 AM

recently i get help from some good people to open wallet for bitcoin.
im a kid for this world but my age is not.
May 25, 2018, 04:54:25 PM my account activation date.
now i curious to know more about this world, how its work, how to start here.
how can i help someone.

Don’t give access to your wallet to the good people. It won’t take longer to turn from good to bad. It would have been great if you could avoid using online wallets at first. If you have a PC then download Electrum wallet. It’s the best wallet with best security. Next step is to buy Bitcoins and hold it for long term if you are into investing. Right now it’s the perfect time to buy the coins. Buy it and hold for a year. Definitely you will see great profits.

wallet4bitcoin

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Quote from: hollowdoor on December 07, 2023, 10:43:42 AM

recently i get help from some good people to open wallet for bitcoin.
im a kid for this world but my age is not.
May 25, 2018, 04:54:25 PM my account activation date.
now i curious to know more about this world, how its work, how to start here.
how can i help someone.

As a newbie on the block, my advice is, first seek sufficient information about the space from reputable institutions and individuals. You might need to read the Bitcoin whitepaper if possible. Then go to google and search for people who have contributed to the blockchain space apart from Satoshi Nakamoto. People Like Anthronopolous and co. and get their lectures.

The reason for this is because the space is fast evolving and loads of controversies exists. If you have no idea about the foundation then you might have problems.

Also read journals from platforms like Cointelegraph, Bitcoinists and co. Watch enough youtbe videos about the space about how to get started.

knowngunman

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Quote from: Ojima-ojo on December 08, 2023, 12:15:08 AM

And lastly, please learn to use the quote function properly, easy way is, since you are not yet familiar with how to properly quote, I will advice you don't try to snip out text from other user's comment you are quoting, you seem to end up sniping out important attributes when doing that, and it affects the entire quote.
What to do is, just click the quote function from the thread, and type your comment underneath it, and click the post button, this I believe should solve the problem of broken quotes.

Thought I was the only one who noticed his wrong quotation. On the English aspect, you can understand the direction of Op if you pay attention and read with utmost care. Sadly, op has made some few comments after this your comment but perhaps he failed to understand your point to take correction because he still makes same mistakes over and over again. That's the problem with some people. They read to respond instead of read to understand.

Quote from: hollowdoor on December 10, 2023, 03:09:39 AM

if you are newbie in crypto so don't believe to anyone in about your wallet,

Quote

thanks for your reply, they just show me the path to open wallet but i make it my own. and im newbie in bitcointalk.

I'm quoting this to call your attention to the comment I qoute above in my first qoute. Please click on the qoute link, it will direct you to that comment, read it with enough concentration so you can understand how to make proper qoute. You need to improve in your qoute because you are making others comments as yours.

Adbitco

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Quote from: hollowdoor on December 07, 2023, 10:43:42 AM

how can i help someone.

You must not help someone right now because you need to gain experience before talking of how to assist someone here, we always know that we learn things and educate ourselves the more before we can pass same knowledge to people that are coming newly. People always want to teach newcomers but before that could take place we need to show how educative, how serious we have learned things around this platform maybe after checking ourselves then if you feels that your knowledge is sufficient enough then you may also starts to educate others but at the main time I think you should developed yourself to this forum to read all necessary material that will help foster/enhancing your knowledge toward your desire to impact people around here.

Marvelman

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hollowdoor, I wanted to gently suggest taking a look at the forum guidelines: Unofficial list of (official) Bitcointalk.org rules, guidelines, FAQ. It's easy to miss some of the posting rules when you're new.

For instance, try spacing out posts instead of several back-to-back and and when quoting others, be extra careful to get it just right, because you made multiple mistakes.

hollowdoor

newbie

Activity: 44

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if you are newbie in crypto so don't believe to anyone in about your wallet,

[/quote] thanks for your reply, they just show me the path to open wallet but i make it my own. and im newbie in bitcointalk.

hollowdoor

newbie

Activity: 44

Merit: 0

was anyone with you when you created the bitcoin wallet or does anyone know about it
[/quote] thanks for everything. no they just show me the path with sending some links via bitcoin forum.
when i created wallet no body was with me

hollowdoor

newbie

Activity: 44

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Learn the basics by researching and then keep them remember and then try to engage here with as many discussions as you can and make sure to be of some help, because useless posts will be counted as spam.

[/quote] thanks for your suggestion

hollowdoor

newbie

Activity: 44

Merit: 0

your way of saying that is unique and I liked that.

[/quote] thanks for everything. good people like you exist thats why unskilled people like me survive many ways

Topic: best way to start - page 2. (Read 618 times)