Early members, give us an insight - page 2.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: jonathan6655321 on September 06, 2020, 05:42:49 AM

Hi there

I would like to ask the people who joined this community in its first years. What tip you could give new members who just got into crypto

Better to look around and explore this community first, read and take down notes. There will be a lot of information overload, but that's good though, at least you will learn how to filter all this information to your advantage.

Others have mentioned a lot already, but it will be a continuous journey, specially if you chooses to become a full time trader. So it might take years for you to learn but there are no shortcuts, you have to work really hard to reach your goals.

Jawhead999

legendary

Activity: 1834

Merit: 1208

- There's no such things about instant money (e.g. ponzi scheme, bitcoin doubler, cloud mining, deposit to earn reward etc).
- Avoid as much as possible any third parties asking to submit KYC to prevent from crime nor $5 wrench attack.
- Avoid airdrop, bounties, faucet, referral, or any kind micro earnings because they're wasting your time.
- Double or triple check your address before send or receive coins.
- Always bookmark the right url to prevent get phished.
- Use https everywhere and install adblock.
- Use reputable and trusted wallet, do your own research in this forum nor google search.
- Don't hold your coins trough third parties (e.g. exchanges) because it's not safe. Not your keys not your coins.
- Avoid installing unsafe softwares.
- Don't believe any kind speculation from any analysis, most of them only shilling his service

And the most important thing is Don't invest a coin/token if you didn't know what you invest for

coolcoinz

legendary

Activity: 2814

Merit: 1192

The best way to approach it would be to lose all hope, think of the worst thing that could happen. If you're ready to spend $1k today, think of it like it's gone. Don't start dreaming what you'll buy when it goes 10x and you have 10k to spend or you'll get nervous avery time the price goes down and start spending time observing the charts like an addict.
Also, learn some basic rules like not your keys-not your coins. Get a hardware wallet, learn to keep your computer clean, don't use online wallets and don't hold on exchanges.

bunglor

full member

Activity: 648

Merit: 114

not part of an early people who joined this community but i think some of my tips could help a little:

- don't invest to projects you don't fully understand or don't fully explain how their project works
- invest what only you can afford to lose
- most of the newly projects really don't guarantee good profit and most of them are just after your money
- invest to bitcoins and altcoins with good volume in the market and stay away from the lower ones
- stay away to some easy or fixed profit investment most likely they are scam. there is no such thing as easy money
- theres's a lot of frauds and scammers be careful, do research and always ask first there's nothing wrong with asking
- don't stop learning knowing basic knowledge about cryptocurrency might not be enough
- appreciate the beauty of the cryptocurrency and blockchain technology and others

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Never fall for Pump and Dump coins as it is not the right way to earn profits and most probably you will end up losing all your money.
Don't borrow money or take a loan to invest money in cryptocurrency. Consider it as a hobby and only invest the extra money you have and you think won't stress you even if you lose it.
Practice trading with dummy accounts or with the least capital until you think you are ready to for professional trading.
Dont panic sell when the market is down because the market will recover sooner or later. Be patient and change your strategy as per the trend

acroman08

legendary

Activity: 2520

Merit: 1113

other than what the others have said reading through this forum would give tons of Idea, tips, knowledge about bitcoin.

piebeyb

legendary

Activity: 2464

Merit: 1039

Bitcoin Trader

- often read before investing in a project, because reading will save you from fraud
- Don't hesitate to ask anyone here, at least to avoid fraud
- avoid big gifts from airdrop, as most of them are scams

UserU

hero member

Activity: 2128

Merit: 532

FREE passive income eBook @ tinyurl.com/PIA10

Avoid bounties and airdrops. Waste of time and effort for chump change, if they ever materialize.

AB de Royse777

legendary

Activity: 2464

Merit: 3878

Hire Bitcointalk Camp. Manager @ r7promotions.com

You seem to have a lot of knowledge about trading. It's been some long years I am with Bitcoin and never took trading very seriously. It's scary for me, so I always keep myself away from it and hold my coins.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: AB de Royse777 on September 06, 2020, 05:46:44 AM

- Buy bitcoin with your extra money very often and hold.
- Do not go into trading game until you are master in it.
- Don't listen to all those gurus, they are here to sell their signal which are useless.

- Don't make any loan to invest, you will be in a race with loan repayment that can make your decision worse than it should be.
- Don't use leverages on exchanges. Trading is not bad but leverage trading while don't know how to manage it is terrible.
- Try to learn and make your own opinion on market, don't listen to other opinion and be directed by them.
- Don't join signal groups that will make you more lazy and rely on signals (opinion, analysis) of group owners.

One of the Best Weapons in Trading
[Guide] - How to use different order types.
[GUIDE]: How To Setup Stop-Loss order and other types of orders
Binance: What is a stop limit order and What is an OCO order

AB de Royse777

legendary

Activity: 2464

Merit: 3878

Hire Bitcointalk Camp. Manager @ r7promotions.com

- Buy bitcoin with your extra money very often and hold.
- Do not go into trading game until you are master in it.
- Don't listen to all those gurus, they are here to sell their signal which are useless.

jonathan6655321

member

Activity: 286

Merit: 23

GuerrillaBuzz: Top Web3 PR & Marketing Agency

Hi there

I would like to ask the people who joined this community in its first years. What tip you could give new members who just got into crypto

Topic: Early members, give us an insight - page 2. (Read 187 times)