I have better idea for newbies.
Go to local bitcoins, find seller and buy bitcoins from him. Then use mixer to move bitcoins so seller can't track you.
Then go to exchange without KYC bullshit and start trading.
Be anonymous.
Topic: For Newbies, to get you started quickly! (Read 135 times)
https://bitcoin.org/bitcoin.pdf
The most important thing is that it is self-study and reading. It is necessary to keep alertness and ingenuity.
The most important thing is that it is self-study and reading. It is necessary to keep alertness and ingenuity.
The longest post I've read on this forum. As a matter of fact, I invest in ICOs and less known projects, but you have a point, so top 50 and BTC is my next aim. At least they are liquid and when bigger money come in crypto they will buy top 50-100
Your post is really good for every newbies but in my opinion you should write it in suitable for this thread. More people will benefit from it
There will be a lot of hacking in the cryptocurrency space. So it is essential that when you purchase any cryptocurrency you do not exchange it directly on trading platforms but rather store your investments in hardware wallet so they are safe from any attempt of hacking in the future this one security guard investment from any fraudulent activities.
yes it is true, it seems like online what are easily to hack so do you suggest that hardware wallet are more essential for us to use.
is the transaction speed the same as online speed.
There will be a lot of hacking in the cryptocurrency space. So it is essential that when you purchase any cryptocurrency you do not exchange it directly on trading platforms but rather store your investments in hardware wallet so they are safe from any attempt of hacking in the future this one security guard investment from any fraudulent activities.
To begin with, you should understand how you want to earn. You can invest money for the future and wait for profit for a couple of years. And you can make money on daily changes in the price on the market. Of course read the literature and watch the videos.
Why the novice fry, fry money likes to play short line? Because they also want their investments to be quick, short-term and rewarding.
Nice article, have you written it yourself or copied from anyother resource, if you have taken it from some other resource you should give proper link and refernce at the end, anyhow it is quite informative and helpful for many readers here.
Thanks for such a good information, it's really useful. I wish I had some Merit to give you some.
Excellent recommendation!I think it's all on the shelves! You can take a pencil and write down all the steps! Thanks. Useful article!
Being a short-term investor, you always have to be in check with the candlestick charts of the specific coins , because the fluctuation might cause the price value to go to extreme values in seconds of interval and that is our chance at making good profits, this consumes a good portion of the overall day but is a basic requirement in our profession.
Everything you need to get started;
So i guess you have decided to join the big family of Crypto and you are thinking about investing...
When I started with Crypto, there was so much information (Specifically the famous...do your own research, which is correct by the wway...
) it becomes really easy to get lost and invest badly, really badly which is what happened to me, so this are few tips to help you started quickly and help you.
This is a first part of hopefully 3 parts of How to/How not to for newbiues
1) The tools!
You need to buy coins, and resell them or hold them and wait for their value to increase....so you need an acocunt to be ale to convert your real money into coins
Step1 Buy the coins that allow to purchase other coins
A) Register with Coinbase (https://www.coinbase.com/)
( Here you will be able to buy BTC, LTC and ETH) usually I just buy ETH, when you have ETH you can virtually buy any coin you want.
There are so many exchange sites, it is crazy, you don't need to be on all of them for a start, do not waste your time asking about the best exchange and so one just use binance see B
B) Now that you are able to buy ETH you need to register with an exchange, this open the door for many many coins that you can trade.
Registerwith Binance ( Binance dot com)
That is it...Now you are set to become the next big thing! Now let explain in details how you can start trading.
In my opinion , by investing few dollars you will learn a lot more and reallyquickly about the trade business than by reading only...
There is a way to obtain free coin here on the forum, but i don't border with that...for now I want you to understand how it works , once you know how it works the rest will slowly unlock itself.
These are my rules, and remember the most imoportant...
1) Only one coin really Matter no matter what people say ---> the King Bitcoin aka BTC
no matter what you do this is your final aim, This is the most beautiful woman in the world, the one you dream of, this is the King of coins, this is what yoiu want and this is what ultimately will make you rich!
Now the above is my strategy, somepople are into alcoins of all sort, but again don't ever remove your eyes from the Ball, you follow Bitcoin, bitcoin will still bebig in few years!!for now...you want bitcoin...only bitcoin, it can take you weeks, months years to get there but you want BITCOIN..you want the queen.Keep your eye on the ball
C) For a start I won't speak about wallets, I think you can for a start keep your coins @ Binance to avoir paying fees, plus you don't invest a lot anyway, why use a wallet? you want to keep your coins and spend as less as possible.
* Newbie mistake, when I started i was using myether which is a wallet, buy and transferring to it, I was not investing a lot but it was pointless in the end...forget about wallets for now, this is a crash course to get you started asap!
---
Now that you are ready...let go chase our king...be ready to invest ...let say 5 dollars
Bitcoin is superexpensive, if you are reading this, I doubt you can fork 7k-10k dollars to buy 1 bitcoin!
to chase our queen you need soldiers, and soldiers are alternative coins (Altcoin) we will invest in some of them , get our Army and go get our queen...you follow me still I hope...
There are 1000s of alcoins, and on paper they are all great, and this is the hard part...which one to chose with your poor 6 Dollars
and this is the step that killed me...I will explain later why.
2- To be safe, really you need to invest in one of the top 50 coins for a start. you know they have a market cap, you have to be able to read through the coin 's history, see how it increase or decrease and you must be lucky to be honest go with your feelings sometimes.
Pick 3 coins and put 6 dollars on them....
If i was you I would pick
Ripple - Cardano- Tron - Status.....remember top 50
you can check the top 50 at coinranking dot com
Now keep an eye on the coins...we want to be able resell when there is an increase; the aim is to make 10 dollars for a start...not bad eh!?...
* Do not panic if the price decreases...keep your head strong...when there is a good increase, sell...
Now that you have your 10 dollars with a bit of luck
- put 2 dollars on bitcoin, your queen and invest 7 dollars in altcoins and start again, same strategy, always try to have more than one coin just in case some crash.
That is lesson 1 if course you are free to trade as you wish.
* It takes time to sit and write all this guys, if it is helfull please give some merit, There is no point keeping merit, they are there t be used, if you think this post is useful please don't hesitate and will then come back with a guide for newbies about ICO's and why I thing newbies should stay well away from any ICO, I will tell you why as newbie you should stay away from them and how I lost quite a lot with ICOs.
Thanks
So i guess you have decided to join the big family of Crypto and you are thinking about investing...
When I started with Crypto, there was so much information (Specifically the famous...do your own research, which is correct by the wway...
) it becomes really easy to get lost and invest badly, really badly which is what happened to me, so this are few tips to help you started quickly and help you.This is a first part of hopefully 3 parts of How to/How not to for newbiues
1) The tools!
You need to buy coins, and resell them or hold them and wait for their value to increase....so you need an acocunt to be ale to convert your real money into coins
Step1 Buy the coins that allow to purchase other coins
A) Register with Coinbase (https://www.coinbase.com/)
( Here you will be able to buy BTC, LTC and ETH) usually I just buy ETH, when you have ETH you can virtually buy any coin you want.
There are so many exchange sites, it is crazy, you don't need to be on all of them for a start, do not waste your time asking about the best exchange and so one just use binance see B
B) Now that you are able to buy ETH you need to register with an exchange, this open the door for many many coins that you can trade.
Registerwith Binance ( Binance dot com)
That is it...Now you are set to become the next big thing! Now let explain in details how you can start trading.
In my opinion , by investing few dollars you will learn a lot more and reallyquickly about the trade business than by reading only...
There is a way to obtain free coin here on the forum, but i don't border with that...for now I want you to understand how it works , once you know how it works the rest will slowly unlock itself.
These are my rules, and remember the most imoportant...
1) Only one coin really Matter no matter what people say ---> the King Bitcoin aka BTC
no matter what you do this is your final aim, This is the most beautiful woman in the world, the one you dream of, this is the King of coins, this is what yoiu want and this is what ultimately will make you rich!
Now the above is my strategy, somepople are into alcoins of all sort, but again don't ever remove your eyes from the Ball, you follow Bitcoin, bitcoin will still bebig in few years!!for now...you want bitcoin...only bitcoin, it can take you weeks, months years to get there but you want BITCOIN..you want the queen.Keep your eye on the ball
C) For a start I won't speak about wallets, I think you can for a start keep your coins @ Binance to avoir paying fees, plus you don't invest a lot anyway, why use a wallet? you want to keep your coins and spend as less as possible.
* Newbie mistake, when I started i was using myether which is a wallet, buy and transferring to it, I was not investing a lot but it was pointless in the end...forget about wallets for now, this is a crash course to get you started asap!
---
Now that you are ready...let go chase our king...be ready to invest ...let say 5 dollars
Bitcoin is superexpensive, if you are reading this, I doubt you can fork 7k-10k dollars to buy 1 bitcoin!
to chase our queen you need soldiers, and soldiers are alternative coins (Altcoin) we will invest in some of them , get our Army and go get our queen...you follow me still I hope...
There are 1000s of alcoins, and on paper they are all great, and this is the hard part...which one to chose with your poor 6 Dollars
and this is the step that killed me...I will explain later why.
2- To be safe, really you need to invest in one of the top 50 coins for a start. you know they have a market cap, you have to be able to read through the coin 's history, see how it increase or decrease and you must be lucky to be honest go with your feelings sometimes.
Pick 3 coins and put 6 dollars on them....
If i was you I would pick
Ripple - Cardano- Tron - Status.....remember top 50
you can check the top 50 at coinranking dot com
Now keep an eye on the coins...we want to be able resell when there is an increase; the aim is to make 10 dollars for a start...not bad eh!?...
* Do not panic if the price decreases...keep your head strong...when there is a good increase, sell...
Now that you have your 10 dollars with a bit of luck
- put 2 dollars on bitcoin, your queen and invest 7 dollars in altcoins and start again, same strategy, always try to have more than one coin just in case some crash.
That is lesson 1 if course you are free to trade as you wish.
* It takes time to sit and write all this guys, if it is helfull please give some merit, There is no point keeping merit, they are there t be used, if you think this post is useful please don't hesitate and will then come back with a guide for newbies about ICO's and why I thing newbies should stay well away from any ICO, I will tell you why as newbie you should stay away from them and how I lost quite a lot with ICOs.
Thanks
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