How does one start on crypto? - page 11.

Taskford

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Quote from: sunsilk on August 23, 2021, 06:10:35 PM

Quote from: ReiMomo on August 23, 2021, 03:40:58 PM

Quote from: sunsilk on August 22, 2021, 06:31:55 PM

Quote from: ?? on ??

I believe that the main thing is not to buy "blindly". This really threatens with losses, and not small ones!

Yes, that's right and I agree.

And that's why we urge people that are new to crypto to do their research. You'll get to see everyone telling that most of the time when a newbie asks about how to start or how to invest in crypto.

It is a fact that there are those that are doing it on their own and investing blindly because they don't have someone to ask. In the long run, they learn from their own experiences and they later on learn how to research.

Exactly. I invested around $500 in trading on few coins without proper analysis which later taught me a huge lesson. Now after 5 years, yes I am sure of where to invest and when to take profit. Patience is the key to succeed in crypto trading. Number of opportunities are here in this forum to earn. So look for what best fits you. That can be day trading, investment on long term trading, signature campaigns, bounty campaign and etc

And that $500 you've invested wrongly did yourself gained with experience and that can be said as another investment.

Because you've learned from that mistake and experience and now you're raking the idea of what lesson you've learned from that mistake and it is also because of you, you didn't give up that easy.

Its hard to lose some money and learn from that mistake since we can avoid it if we do a research before we put our money in, for sure there's a lot of information where we can gather came from the past scam victims and we should learn from it so that we can avoid any possible scams also we may have enough money to used on other legitimate or maybe we can say low risk type of investment.

sunsilk

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Quote from: ReiMomo on August 23, 2021, 03:40:58 PM

Quote from: sunsilk on August 22, 2021, 06:31:55 PM

Quote from: ?? on ??

I believe that the main thing is not to buy "blindly". This really threatens with losses, and not small ones!

Yes, that's right and I agree.

And that's why we urge people that are new to crypto to do their research. You'll get to see everyone telling that most of the time when a newbie asks about how to start or how to invest in crypto.

It is a fact that there are those that are doing it on their own and investing blindly because they don't have someone to ask. In the long run, they learn from their own experiences and they later on learn how to research.

Exactly. I invested around $500 in trading on few coins without proper analysis which later taught me a huge lesson. Now after 5 years, yes I am sure of where to invest and when to take profit. Patience is the key to succeed in crypto trading. Number of opportunities are here in this forum to earn. So look for what best fits you. That can be day trading, investment on long term trading, signature campaigns, bounty campaign and etc

And that $500 you've invested wrongly did yourself gained with experience and that can be said as another investment.

Because you've learned from that mistake and experience and now you're raking the idea of what lesson you've learned from that mistake and it is also because of you, you didn't give up that easy.

ReiMomo

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Quote from: sunsilk on August 22, 2021, 06:31:55 PM

Quote from: ?? on ??

I believe that the main thing is not to buy "blindly". This really threatens with losses, and not small ones!

Yes, that's right and I agree.

And that's why we urge people that are new to crypto to do their research. You'll get to see everyone telling that most of the time when a newbie asks about how to start or how to invest in crypto.

It is a fact that there are those that are doing it on their own and investing blindly because they don't have someone to ask. In the long run, they learn from their own experiences and they later on learn how to research.

Exactly. I invested around $500 in trading on few coins without proper analysis which later taught me a huge lesson. Now after 5 years, yes I am sure of where to invest and when to take profit. Patience is the key to succeed in crypto trading. Number of opportunities are here in this forum to earn. So look for what best fits you. That can be day trading, investment on long term trading, signature campaigns, bounty campaign and etc

sunsilk

hero member

Activity: 3038

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Quote from: ?? on ??

I believe that the main thing is not to buy "blindly". This really threatens with losses, and not small ones!

Yes, that's right and I agree.

And that's why we urge people that are new to crypto to do their research. You'll get to see everyone telling that most of the time when a newbie asks about how to start or how to invest in crypto.

It is a fact that there are those that are doing it on their own and investing blindly because they don't have someone to ask. In the long run, they learn from their own experiences and they later on learn how to research.

ivankoh

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Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

After you've found out what's in this space and really understood where they came from. Don't be greedy and don't need to worry about your fund being 3 or 4 numbers, now in my opinion, the cumulative buying strategy is applied extremely effectively, you can buy it weekly or monthly when sufficient number of acceptable references. It should be understood, investing is making a profit but it is not necessarily earned in a month. On the contrary, choose to learn how to trade.

GranitXhaka98

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To start on crypto you need a very good knowledge of what crypto currencies are all about. Know how they work and the risks involved
After that make sure you sign up with a verified exchange and register on their platform ensuring you enable your 2FA(two factor authentication) for maximum security.

BruceLee98

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First of all,Pick an exchange to trade on. Just like fiat finance, to invest in cryptocurrencies you need a place where these coins are traded.This helps you study what the interface and market looks like.Chose a cryptocurrency wallet that supports the coin you want to invest in. Find sources of information which always assists you in doing your own research.
Use technology to enhance productivity and mitigate risks.

arwin100

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Quote from: isaac_clarke22 on August 18, 2021, 11:15:36 AM

Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

~

Pretty sure you're looking for some businesses mentioned above. Adding up what was mentioned above, it won't be easy start since pretty much you have a lot of competitors here in the forum. Though I would ask, why focus here in the forum to solely earn? I understand there are businesses running in here, but pretty much you have plenty of opportunities off-forum as well.

Because majority goes here to find reliable information or daily basis but I agree with you business owners should not focus here only since there are possible clients outside so marketing it outside on the forum add the success to the business. If many people will come to avail the service provided the business then for sure the success will follow and the owners should work for stability and others so that they can continue to build or remain there business strong.

isaac_clarke22

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Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

~

Pretty sure you're looking for some businesses mentioned above. Adding up what was mentioned above, it won't be easy start since pretty much you have a lot of competitors here in the forum. Though I would ask, why focus here in the forum to solely earn? I understand there are businesses running in here, but pretty much you have plenty of opportunities off-forum as well.

ipanks

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Quote from: ralle14 on August 17, 2021, 02:43:59 AM

Lending is one way to increase your source of profit, it takes a lot of capital before you'd start earning a decent amount. You can check the forum's lending section to get an idea of the situation. It's not the best option but it's better to have alternatives than sticking to one or two options.

If you want to step in the gambling world and at the same time take the smallest risk possible then i'd suggest investing in a casino's bankroll and join with the casino owners. Similar to lending you also need a lot of budget if you want a bigger profit since the distribution is based on the amount you're investing.

If that is about lending, I suggest that he lend his bitcoin in the exchange because I have had a good return in the past. Many exchanges right now offer a lending section to their members, which can be additional income to them. Although the interest is not too high because that will depend on the market situation, that is still an income without the trade.

But if he wants to use gambling to make money, we will not recommend gambling because gambling can make us lose money before making money. But if he can accept the risk of losing the money, we can not say anything because that is his money.

ralle14

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Lending is one way to increase your source of profit, it takes a lot of capital before you'd start earning a decent amount. You can check the forum's lending section to get an idea of the situation. It's not the best option but it's better to have alternatives than sticking to one or two options.

If you want to step in the gambling world and at the same time take the smallest risk possible then i'd suggest investing in a casino's bankroll and join with the casino owners. Similar to lending you also need a lot of budget if you want a bigger profit since the distribution is based on the amount you're investing.

uneng

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Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

If you go through the safe path (passive income investment), expect legit rates from 4% to 5,5% annualy over your investment. Since you are going with 4 figure range you will invest up to 9999$, right? In an average platform you would earn a little more than 550$ in one year period with such amount. Not too much and not enough to supply someone's monthly expenses though.

Furthermore crypto volatility can make your initial investment less or more valuable, being impossible to rely on this income for daily expenses. In some months it works fine, but in others you have to just hold until the market recovers itself again.

Other people try trading due to potential returns being superior with a relatively low investment, but in my opinion it's not a good idea, because you are most likely going to lose your investment as in a gambling game since the market is unpredictable.

Anyway if you just buy bitcoin and hold you are already doing the right thing. Profit won't come in a monthly fixed basis, but at some point you will see it coming and then you will have more flexibility with your money and investment possibilities.

BitcoinAccepted

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There's a lot of things you can do, you can earn without investing but you need to offer service/work or probably open a business, you can participate to bounty hunting, you can also invest and trade, stake and many more actually cryptocurrency is just a something like fiat money but it's all digital so just think of something to earn using Fiat and you can earn it in cryptocurrency.

But you can start probably with trading but with small amount first but if you want to learn more try to browse different threads here in the forum, this forum is a good start.

michellee

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Quote from: ultrloa on August 14, 2021, 07:13:19 AM

Quote from: michellee on August 13, 2021, 02:12:40 AM

Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

The first thing you need to do is learn about crypto. What concepts does crypto bring for people and how can people make money from crypto. After that, you can search for what ways will match with you and try many ways before you can get the right way that can work for you.

Maybe he need to learn the basic principle of crypto since once he learn the basic things on it the earnings will follow, also we should hang out with other crypto enthusiast persons since and create a group chat since from there our learning process is not so boring also we can learn from them together with we can be updated on the latest possible income generating platforms which can give us profits.

I am sure about that. If he can learn the other basic principle of crypto, he will understand how to make a crypto investment and how much money he should have. He will avoid using too big money that he can not afford because that will give him a big risk in investing in crypto.

Knowing other people who have the same passion for crypto can open our minds about something new and different and improve our knowledge. We will have a way to analyze the project before we invest or doing something.

Kemarit

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Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

Then you are looking to do trading. However, it's not that easy, you really need to train yourself about the art of trading. Just sharing my experience, when I was starting, I just invest a couple of sats into bitcoin, never trade, but buy every month. And then I also joined signature campaigns, (just like what I'm still doing), to really save more bitcoin.

And then I start to do trading years ago (currently I'm not, I'm just a holder now), but it was really difficult, but as I go along, I learn some tricks and then listen to some tips from this community. So it will be a long process and it will not be very easy for beginners. But if you have the patience and motivated to really learn crypto trading then you should start with small budget first.

andeluna

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Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

There's a lot of way to start on crypto and how to earn on it but the first thing you need to do is to make more knowledge when it comes to this kind of platform because as I see in your question you probably dont know what crypto currency is. As a newbie I prefer you to study more about crypto by reading some thread here in forum, there's a lot of crypto enthusiast here that can totaly help you for you to understand how it works and how to gain profit by starting in crypto currency.

ultrloa

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Quote from: michellee on August 13, 2021, 02:12:40 AM

Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

The first thing you need to do is learn about crypto. What concepts does crypto bring for people and how can people make money from crypto. After that, you can search for what ways will match with you and try many ways before you can get the right way that can work for you.

Maybe he need to learn the basic principle of crypto since once he learn the basic things on it the earnings will follow, also we should hang out with other crypto enthusiast persons since and create a group chat since from there our learning process is not so boring also we can learn from them together with we can be updated on the latest possible income generating platforms which can give us profits.

michellee

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Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called. The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

The first thing you need to do is learn about crypto. What concepts does crypto bring for people and how can people make money from crypto. After that, you can search for what ways will match with you and try many ways before you can get the right way that can work for you. Many people suggest you start trading but that will not be easy as you need to learn more details about trading because trading is not just to buy low and sell high. Well, that is the basic thing in trading, but there are more than that before you can make money from trading.

harizen

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Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

That would be tough. Earnings from crypto are not on regular basis so don't depend on it to cover your monthly expenses.

Basically, you will profit here from "buying low and selling it to high price". Sounds easy right? But that was hard to execute since crypto is volatile. What is volatile mean? For us not to explain the basics, then you should refer to some articles around the web or Youtube videos with the keyword "What is bitcoin" as your first video then "Bitcoin trading" as your next video. Then just come back here for other questions.

Of course, it's just a start. You can profit from doing trades not just by bitcoin. You will eventually gain knowledge soon as long as you are serious. Again, it's not meant to cover your monthly spendings.

TheUltraElite

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So anyway, I applied as a merit source :)

Not sure why you are making similar threads asking similar questions in more than one section of the forum. One thread is sufficient.

Quote from: ongsy89 on August 11, 2021, 02:50:59 AM

Hi everyone, I would like to ask a very simple question on how to start on crypto if that is what it is called.

Firstly learn the forum rules, like the one I highlighted above. Second get a bitcoin wallet, there are several available but go with a desktop/smartphone wallet and not a website based wallet. In future do get yourself a hardware wallet.

Quote

The idea for me is in hopes I can just earn here and there mainly to help with monthly expenses. Not looking to invest like 5 figures but more of like 3 to 4 figure ranges to create that monthly recurring for my expenses.

You should work on your posting and quality of posts and earn merits in order to rank up. You can get a decent monthly income from participating in signature campaigns but I am not sure if that will cover your costs. It can be a side earning if you are studying and/or already working somewhere.

But even then please read the forum rules. Breaking them will mean severe blows on your already new account.

Topic: How does one start on crypto? - page 11. (Read 2616 times)