Crypto question! | Bitcointalksearch.org

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Quote from: mari65 on July 15, 2022, 01:36:24 AM

it's so I just opened up a coin base account (turned 18 a while ago) and I have been looking at the market Best Private Lenders for High Risk Personal Loans South Africa and shit is down bad, Has anyone got any advice on this? what coin should I buy and has anyone got any discord/telegram chats to join for these topics?

First of all, are you aware Bitcoin is risky, Bitcoin is volatile and Bitcoin is best for long term investment? Because if you didn't, here is a reminder, and for a start, knowing the basic crypto knowledge will be the best way to start from, because I always tell people, having the needed basic information about an investment plan you are intending to venture into is always a good idea. Because Bitcoin is not an investment get rich quick scheme, of which if that's what you had in mind, i'm sorry to disappoint you. So if you are looking for a coin to buy, I highly recommend Bitcoin for you..
But there are some advice I will love to give as someone who has been into this for long

1. Don't you ever borrow money to invest in Bitcoin, having the mindset that in few days it might double in price, you sell and payback your loan, because bitcoin is volatile and nobody can accurately predict it's future price.

2. Don't you ever invest in a coin without thorough research

3. Don't you ever invest in a coin because of social media hype.
So I hope these few are good enough for now

shynar_data40

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If you want to keep moving in bitcoin, BitcoinTalk is probably the most suitable forum for that. What about other social networks and forums - there are a lot of them, I advise you to choose carefully and on your own, because many may be created to advertise something.

savetheFORUM

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Quote from: The Cryptovator on July 18, 2022, 05:03:55 PM

If you intend to hold for a long time or mid-time and get a good profit, then I will prefer to buy Bitcoin. Buying altcoins means you want to make quick money from trading or short-time holding which is quite risky. Altcoin sometimes becomes useless like the Luna scam. So learn first before taking the risk. Hold some Bitcoin and learn. Then you will realize what you need to do.

There’s actually no better coin to invest in currently other than Bitcoin since it is currently experiencing some fluctuations in the market in terms of its price movement, so for anyone who is looking to go into cryptocurrency this moment, the best investment there is the Bitcoin – any other thing is not promising. Since, the price is fluctuating constantly, just look for a favorable price, buy and just hold till we get in a bullish season.

Jo_Liu

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Quote from: Rikafip on July 15, 2022, 01:42:30 AM

Buy Bitcoin and ignore everything else, as simple as that. And after you buy Bitcoin, don't keep it on Coinbase but instead send it to your own non-custodial wallet like Electrum or if you can afford it, get hardware wallet which is even safer way to store your crypto.
Regarding Discord and Telegram groups, be very careful when joining those as they are plagued with scammers and shillers.

Couldn't agree more. Bitcoin has the longest history in cryptocurrency market, and it is tested by time for quiet a long time. It is always your first trust entering cryptocurrency market. It is not just we had a good run, but we are about to get a good run! But not ignore the saftey of beholding it. I mean, you don't want to say I counld have it all Cheesy

blockman

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If I understand it correctly, you're going to take a loan for you to purchase the suggested cryptocurrencies that you're about to invest in? First things first, you're doing it wrong if you're going to have that loan for the sake of investing in the crypto market. It's never been a good idea but if I understood it wrong and you're just choosing something to buy, everybody will tell you that the best crypto to buy will be bitcoin. After that, Ethereum is the next best choice and as a newbie that's really something that you need to remember.

The Cryptovator

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If you intend to hold for a long time or mid-time and get a good profit, then I will prefer to buy Bitcoin. Buying altcoins means you want to make quick money from trading or short-time holding which is quite risky. Altcoin sometimes becomes useless like the Luna scam. So learn first before taking the risk. Hold some Bitcoin and learn. Then you will realize what you need to do.

AmoreJaz

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Quote from: Nrcewker on July 18, 2022, 02:07:08 AM

Majority of us will recommend we to buy Bitcoins as you are in a Bitcointalk forum and we all have seen what it is capable of.
Right now many people will suggest you many coins by seeing the chart of Bitcoins in red, but believe me, soon the table will change. It’s better to buy Bitcoins now and hold for some time. You will definitely get good profit.
And also a small tip, after buying the Bitcoins at coinbase or from anywhere, move it to a hardware wallet, as online wallets have many risks and you don’t have complete access to your funds.
Moreover I would also advice you to stay away from telegram groups, as these are the hub of scammers.
Rest is up to you OP to decide.

i don't know how long the OP is in this market, but to make sure he won't be screwed by these new projects, i would also suggest to buy some bitcoins also rather than those unfamiliar coins that you can find in coinbase. and yes, by the way, he doesn't need those telegram groups or discord channels to learn more about promising coins to invest with. if he will invest his time on this forum going to the trading discussion board, altcoins and other related boards, he will gain more insights about valuable crypto projects. because with these social media channels, the chance of getting screwed is very high as some of these individuals will try to lure you on coins you never-heard of.

CryptSafe

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Quote from: mari65 on July 15, 2022, 01:36:24 AM

it's so I just opened up a coin base account (turned 18 a while ago) and I have been looking at the market Best Private Lenders for High Risk Personal Loans South Africa and shit is down bad, Has anyone got any advice on this? what coin should I buy and has anyone got any discord/telegram chats to join for these topics?

There are lots of coin and tokens out there but Bitcoin is always the best because of it originality. If you are buying coin from your preferred exchange that's nice because you signed up with them but it would be on a safer side for you to transfer your coin immediately after purchase so as to avoid hearing stories that touches the heart because these days it is just funny how we sleep and wake to hear about sad incidence of hack and crack. OP I believe you must know how to set up a wallet so it would better you do that on your own so as to keep safe your passphrase because that's he key to your wallet rather allowing someone to install and activate your wallet for which gives them access to your assets. You gat to be smart.

Nrcewker

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Quote from: mari65 on July 15, 2022, 01:36:24 AM

it's so I just opened up a coin base account (turned 18 a while ago) and I have been looking at the market Best Private Lenders for High Risk Personal Loans South Africa and shit is down bad, Has anyone got any advice on this? what coin should I buy and has anyone got any discord/telegram chats to join for these topics?

Majority of us will recommend we to buy Bitcoins as you are in a Bitcointalk forum and we all have seen what it is capable of.
Right now many people will suggest you many coins by seeing the chart of Bitcoins in red, but believe me, soon the table will change. It’s better to buy Bitcoins now and hold for some time. You will definitely get good profit.
And also a small tip, after buying the Bitcoins at coinbase or from anywhere, move it to a hardware wallet, as online wallets have many risks and you don’t have complete access to your funds.
Moreover I would also advice you to stay away from telegram groups, as these are the hub of scammers.
Rest is up to you OP to decide.

lienfaye

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Quote from: mari65 on July 15, 2022, 01:36:24 AM

what coin should I buy and has anyone got any discord/telegram chats to join for these topics?

Bitcoin is the most reliable coin to buy this time. Less risky compared to investing in altcoins. But if you want to diversify and not contented in just one coin, you can look for other alts that are already establish, just be careful.

Anyway, you dont need to look for other crypto related groups for similar topic. This forum is already full of information that you need about crypto. Just use the search button to get the answers of what you're looking for.

davis196

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Quote from: mari65 on July 15, 2022, 01:36:24 AM

it's so I just opened up a coin base account (turned 18 a while ago) and I have been looking at the market Best Private Lenders for High Risk Personal Loans South Africa and shit is down bad, Has anyone got any advice on this? what coin should I buy and has anyone got any discord/telegram chats to join for these topics?

Why do you even care about private lenders for high risk personal loans? Do you want to borrow money from such lender? I advise you to stay away from lenders and loan companies. Other members already gave you a decent advise. Just buy BTC and HODL for the long term(and don't trust Coinbase). If you want to do day trading with leverage that's a completely different topic. Day trading doesn't seem like a good idea for a young person like you.
If you want to discuss crypto on Discord just search for cryptocurrency related Discord servers on Disboard. AFAIK, Disboard is the biggest directory for Discord servers. Watch out for scam servers, Discord is full of scammers and scam servers.

edgycorner

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Hurrah for Karamazov!

ETH and stake it.

But if you are taking out a loan to do it, then STOP! Buying crypto on loans always ends in tragedy.
Investing in crypto is always a gamble!

You will regret it later on. Pay heed to my advice and save yourself from inevitable destruction if you follow this path.
instead, take out a loan for college and study CS. Given your age, this is the only good investment for you and nothing else. Trust me. Good luck!

re-start

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My friend, buy bitcoins.
Buy Bitcoin when everyone is selling. Look at the recent market.
When everyone says this market is shit and they just want to sell, you buy and wait. that's all.

Alisha-k

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Everyone is hammering on the importance and the need for you to invest on Bitcoin i too will advice you same and will also love you heed to it because the crypto market is full of scam projects and the Bitcointalk community will not like to see a newbie fall into the arms of this scam projects littered everywhere around the crypto market. When you buy always remember to have full custody of your coin never leave them in exchanges because as long as your coin remains there they are not your even when you bought them.

kryptqnick

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Op, you're young and likely very new to investments, so going over the basics is important.
1. Invest ONLY what you can afford to lose. If you rely on some funds for something, don't invest them into anything. Breaking this rule can result in big problems.
2. Crypto investments are risky, but Bitcoin is probably the safest. So you can buy BTC, wait for a year (sometimes more, sometimes less) and you are likely to get good returns on the investment (but of course there's no guarantee).
3. Remember that if you keep your crypto on a centralized exchange, the coins aren't technically yours. So you can buy whatever you decide to invest in on Coinbase, but you should then withdraw the funds to an Electrum wallet or something. Make sure you save the pass phrase, though, or you can lock you out of access to your own coins, and nobody will be able to help.

OcTradism

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Quote from: ForMeritt on July 17, 2022, 01:43:00 AM

Bitcoin is the right choice to buy, and ignore the others

Buy is easy and you can complete a purchase in a few seconds. Very easy and very fast. But before and after buying, you must have reasons to buy it, reasons to hold it and why you sell it in future.

Quote

but behind Bitcoin there are two other Altcoins that are highly recommended I recommend BNB and Ethereum, and others are better to ignore

Ethereum, BNB are good and BNB can help you has higher increase in portfolio.

Quote

I recommend regarding Telegram groups and Discord avoid and be careful Be careful with Scammers who roam on such platforms, lest you become one of the victims of their scams and it is a pity if this will happen to you, these "Shillers and Scammers" are very roaming on Platforms such as Discord and Telegram.

You can join groups of projects on Telegram or Discord. You must protect yourself from scammers who usually send you a lot of PM. They impersonate moderators just want to steal your key, your coin. If they ask you key or coin, report them.

ForMeritt

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Bitcoin is the right choice to buy, and ignore the others, but behind Bitcoin there are two other Altcoins that are highly recommended I recommend BNB and Ethereum, and others are better to ignore, and I recommend regarding Telegram groups and Discord avoid and be careful Be careful with Scammers who roam on such platforms, lest you become one of the victims of their scams and it is a pity if this will happen to you, these "Shillers and Scammers" are very roaming on Platforms such as Discord and Telegram.

Not that I forbid but be careful and stay alert with them.

bitbollo

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it's always the same story. everyone faces this world with the hope of "getting rich"... and are screwed.
no one who manages to "grasp" the novelty of bitcoin/blockchain and the advantages that such an invention can bring to their personal finances or even simply to lifestyle.
BTW, as already reported above, unfortunately OP does not need any "real" advice Sad

.... but I hope that some suggestions will please other readers...

passwordnow

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You're already good that you've posted here, you don't need more of those channels, discords, or telegrams because it's going to be more complicated for you since many of the people there are looking for newbies to scam.
Just go first with bitcoin and that's the best choice of all. If you're buying bulk on any exchange, don't leave it there and just make a wallet where you're the one who's holding the private keys.

Agbe

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Quote from: mari65 on July 15, 2022, 01:36:24 AM

it's so I just opened up a coin base account (turned 18 a while ago) and I have been looking at the market Best Private Lenders for High Risk Personal Loans South Africa and shit is down bad, Has anyone got any advice on this? what coin should I buy and has anyone got any discord/telegram chats to join for these topics?

If I were you I would not borrow loan to buy coin, because it might affect or disappoint you in you plan. Remember the bear market now. but if must buy, go for bitcoin and I preferably you used your personal money to buy it so that even you lose it will not affect you much. I have seen and heard of persons did what you are planning and later broke down in tears. Crypto currency investment has a calculated risk, once you miss out, yours is gone. Therefore, invest what you can lose when it happened.

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