Topic: How do I start investing in cryptocurrency? - page 2. (Read 12784 times)

you can check this out, https://medium.com/@smallcapcrypto/investing-in-cryptocurrency-fundamental-analysis-guide-9e196d23bbdb.
it's a good read.

Mainly create some account on main crypto exchanges such are Binance, Bitfinex, Poloniex etc. Then try familiar with their trading platforms. Always stay tune with News. News will help to get more profit with market variations. Buy some small amount of bitcoin for trading. I think it is better to put small amount than huge amount as beginner level

Hi, I'm fairly new to crypto too, and I find www.cotrader.com really easy to understand, they have some you tube videos, but I prefer to chat to Gary the CEO via telegram, which you should find via the link provided. I shall be watching this space because you asked some great questions which cover what I need to know also...Lurker alert!!  

Also you can learn what is airdrop and bounty and do the bounty tasks.

Most companies that conduct ICO are doing a bounty campaign. Thus, both sides win, the participants get for their work tokens, which after the successful termination of ICO can be sold on the exchange, and the company receives the spread of its product.

My tip is don't do it all simultaneously, focus on something you want, you earn at the same time you enjoy yourself. If you want to know trading, there are many communities in telegram who share their knowledge among their selves. Try to connect and discuss with them.

That’s an excellent question. The first step in starting is choosing a good exchange to cooperate with. You will want to choose an exchange that runs fast and cares about its customers.

Most big exchanges have been involved in a scandal or two, including poorly handling recovery from hacks (and imposing unfair recovery programs), unresponsive or slow customer service, shutting down accounts without adequate notice, insider trading and market manipulation, flash crashes, scalability issues and website malfunction when market prices are at their highest - the list goes on.

The platform you should use also depends on your needs. There are exchanges that serve different purposes:

Entry-level exchanges
Alternative coin exchanges
Over the counter (OTC) marketplaces
Entry-level exchanges

Depends where you are located and what currency you’re operating in. In Thailand it’s BX, in Canada it’s Quadrigacx, in Europe the trusted and reliable exchange is Bitstamp which is also one of the first large exchanges that adopted the Segregated Witness (SegWit)

If you’re wondering why SegWit is important, this soft fork of Bitcoin increases the block size which would significantly reduce transaction fees and also make the network a lot faster. Coinbase and Binance are the only big exchanges left that are not ready to deploy SegWit which has been ready since end of August, although Coinbase has said they have plans to do so.

Question is, how come Bitstamp was able to get on the wagon quite quickly with other exchanges following in suit. Rumors on the web posit Coinbase doesn’t want lower fees as Bitcoin’s high fees form a significant part of its revenue (there is no information from Binance).

We have experienced slow transactions and high fees during the last month and it makes you wonder how much better things could have been handled on Coinbase, an exchange that is one of the few gateways to Bitcoin for Americans, if the exchange had deployed the soft fork and speed up the jump to SegWit.

OTC Marketplace

OTC marketplaces are a valued gateway to buying Bitcoins. LocalBitcoins, one of the oldest Bitcoin marketplaces in the industry, operates globally. Coinbase supports only 32 countries to date.

LocalBitcoins uses Escrow to securely release the buyer’s money to the seller once the Bitcoins have been delivered to the buyer’s Bitcoin wallet. Transactions are relatively quick, depending on the payment method used of course - of which there are also many, ranging from bank transfer to face to face cash payment.

Disclaimer: a full inventory of scandals major cryptocurrency exchanges have been involved in is out of the scope of this answer and there have been many. I brought attention to some of these that I consider important and relevant to 2017. I encourage everyone to do more research on the exchanges that you plan to use or use already - the information and user experiences are well documented around the web.

Exchanges that have problematic reputation : Coinbase, GDAX, Binance, Bitfinex, Bittrex, Kraken, Poloniex

Exchanges that have a good reputation : Bitstamp, KuCoin, LocalBitcoins

Thank you for your time.

Thank you for made this thread, it's very helpful. I'm newbie in this, haha. Thanks!!

Start with amount you can afford to lose and a coin you understand its working. The best coin to start with are the first top five coins on coinmarketcap: Bitcoin,Ether, LItecoin, XRP or NEO. Just buy and hold, while you keep learning and adding knowledge to yourself.

1. You can invest money in coins.

Bitcoin, Ether, Litecoin, Monero, Ripple, Dogecoin, Dash, MaidSafeCoin, Lisk or Storjcoin X.

You need a wallet that support some of this coin and money - fiat or crypto.

All this coins you can find on any exchanges:

Binance – Offers mobile app and probably the fastest growing exchange. If you need to pick only one, this is the best and #1 in 2018.

Bitmex: One of the whales of Cryptocurrency exchange. You can do margin trading, if that’s your thing.

Bitfinex: Offers mobile app and a popular exchange. You can also lend crypto here to earn interest.

KuCoin: One of the strongest exchange that also offers a mobile app. They have been constantly updating their mobile app to make it one of the best in the industry.

Gate.io: Many new cryptos can be found here. Unique approach and something you should signup for in 2018. Also offers mobile app just like KuCoin and Binance. However, volume is not great.

Changelly: Perfect for quick crypto exchange. Easy to use and great for beginners.

Bittrex: Another high-quality exchange with a lot of coins.

Cryptopia.

2. You can find good project that have ICO stage now and buy their tokens.

After successful ending you can sell tokens on the exchanges or buy a product of this company.

What do you think is the best source of information before starting to invest/trade.

So I would def. not store it online, get a cold wallet. You can def. buy fragments of BTC you don't have to buy one entire coin to get it. I started on Coinbase personally but am looking forward to and believe in this upcoming ICO because they are aiming to make crypto easier to enter with their novice friendly UI and the first ever arbitrage exchange that will allow for less market volatility which keeps so many inexperienced and afraid people on the sidelines.

https://bitcointalksearch.org/topic/m.31823480

Here I do not suggest to invest any cryptocurrency but I can tell you How can you find the best cryptocurrency to invest here I recommend to Follow some websites daily basis those websites updated daily with Cryptocurrency News price and suggestion after following those some websites I hope you'll be able to find the best currency to invest in.

#1. Coindesk.com
#2. CoinSutra.com
#3. CoinKir.com

You are definitely not too late to the cryptocurrency game.
Anyone tell you that are missing a few important pieces to the puzzle.

You can still buy bitcoins or even satoshis and make money next week or into the future.

There are cryptos such as NEO, XRP, PURA, BTS, STRATIS and many many many more that you can buy and quickly flip or HODL.

So don't let anyone tell you that you are late to the cryptocurrency party!

You are right on time.

You are too late to the game, about 4 years too late.

This is good sound advice that I think everyone should follow. You should starting out small yourself and learning along the way. You definitely have short term, as well as long term goals, and plan to reach your goals step by step.

Before investing money, I would strongly recommend you to invest your time in learning the stuff and the market behaviour. Crypto market is a wild in terms of price volatility so you can always find the good opportunity in a period of short-term but if you are investing any amount without any research then you are likely to lose your capital (I have lost my 100% capital when I used to invest based on other's opinion in my initial days of trading/investing). Learn and understand the behaviour of the market, see what aspects affect the price and study about the long-term scope of any particular idea. The first thing you should invest is your time.

How to invest? Just make a coinbase account, link your bank account/credit card, buy. You can allow yourself to worry over the charts, but DONT YOU DARE SELL THAT BITCOIN. Only a useless emotional trader would do such a thing.

I advise you to be careful to buy coin, because all is not easy. Find as much information as possible before buying, ask the forum whether you are doing it right or wrong. If you are wrong, your Bitcoin and altcoin are very volatile

If you are looking at the long term value and prefer something relatively "stable" compared to how altcoins can be, you should put your money in either BTC, or ETH. These two are the base, and while risk still exists it would be safer than putting on alts (unless you want to gamble or trust it, the later takes time for research though). All the factors you cited are importants things to look into if you get into let's say an ICO, but don't foul yourself most people are just willing to speculate and some won't even look at the tech as long as it looks promising. Try to see what others are saying but keep in mind that they can also use FOMO or FUD (terms you should be familiar with), always stay alert.

As for the division you intent to make, that's solely depending on the risk you want to take, and I probably can't make that decision for you.


Of course, otherwise plenty of people could not afford it, before the fees and delays were that high, you could buy stuff easily at simple shops in Europe. At that time, I would not have payed 300$ a coffee


Although a bit disconcerting at first, seeing a coin crash might be a good thing if you intent to buy and you think it still has potential. Remember that bitcoin had a 3 year of sleep period, and look at where it's at now.


https://www.ethnews.com is one, obviously centered around eth
https://coinmarketcap.com to look into numbers, graphs and markets for each coin
https://www.coindesk.com more general around cryptos


Kraken is pretty good for Europe with SEPA deposits and is pretty reputable.


I would not recommend it for a beginner, costs are pretty high and the reward not so much unless you have a lot of initial capital.


I personally don't have a specific program and I don't think it's necessary, especially if you are not looking into day-trading but more like passing and long-terms investments.

---

Hope it helped, or maybe for someone else

Hi kipikipi,

1) For a steady and profitable long term investment with lower risk, diversification is your best bet. The price of individual coins can go up and down but the market cap of cryptocurrency is generally going up, so buying a basket of stable coins like Bitcoin, Ethereum, Litecoin, and so forth can average out the daily fluctuations and potential risks of individual coins, while providing a positive return. 

2) Why are you dividing them into 10 parts? A simple strategy would be Dollar cost averaging where you investing the same but small amount everyday no matter the price goes up or down to again, average out the the daily fluctuations. This is simple and useful if you only want to invest in one coin.

3) Sure. Bitcoin is divisible up to 8 decimal places, but most exchanges has a minimum trade amount, say 0.0005 Bitcoin

4) It depends on your investment horizon. If you plan to hold for at least few years than the price now is low of course. If you want to do swing trades in the short term than a lot of analyses have to be taken into consideration and it also requires skills.

5) Coindesk is a solid website for both guides and news. Meanwhile, you can also check out our website or blog to learn more about index investing.

6) Not sure about this and correct me if I am wrong, but for Europe I believe Bitstamp is the largest and most reliable exchange to trade. I will not recommend using an online wallet, though. A better choice would be desktop wallets or hardware wallets. In one of our blog post we also explained the difference between hot wallets and cold wallets.

7) Sorry I am not familiar with mining, but not all coins are minable, like Ripple and XEM. You'll need to check that.

8 ) What do you mean? I would rather trade on the exchange, than exporting the trading account to a third party though.

Please free feel to ask me if you still have more questions