How does one start on crypto? - page 12.

leea-1334

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Temporary forum vacation

Quote from: sunsilk on August 11, 2021, 06:56:29 PM

There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

In this case I would even recommend trying out a "cheaper" crypto that is just like Bitcoin, works the same way and familiarizes you with it,,, this is Litecoin. I swear I even learnt a lot about wallets and seed phrases and sending and stuff from using DOGEcoin but I think better to get a small amount of LTC, use it on a site (I recommend a casino) and then you learn a lot about it before trying it out for real. $15 LTC is still 0.1 LTC whereas you cannot even buy $10 BTC easily now.

sunsilk

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Don't invest yet until you're able to understand the whole concept of cryptocurrencies and how volatile this market is.

If someone just introduced you to it and didn't mentioned about the volatility of it. You need to study it first because mostly when someone just hears out that a person earns through crypto.

He'll jump into the bandwagon without knowing that how huge the risk that was taken by that person before he ended up earning. And with your goal to add some monthly profit then you're wanting to learn about trading.

There is a process before you can do that, however, you can start by buying bitcoin with around the smallest amount that you can test to see how it feels like owning it but you won't feel the fluctuations since it's just a small amount.

hugeblack

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Here are several ways to make a profit, the most important of which are:

- Trading: It is called a way to get more money by trading cryptos, either by transferring between them or by providing exchange services.
- Investment: There are many cryptocurrencies with a good future, but I only recommend Bitcoin and Ethereum.
- Gambling: I don't recommend it at all.

There are ways to acquire bitcoin, the most important of which is either buying it or providing services in exchange for it, such as programming services, marketing, and others.

So in short, you need to get a job and additional income to buy bitcoin, and then it is better to invest (do nothing and buy more when the price drops) and after several years you will make a good income.

Taskford

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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.

Its possible to earn and support your monthly expenses on crypto but you cannot expect more on it especially when you are in starting phase, you possibly face so many challenges and to many scams that possibly will lure you so before going on something you better learn the basics and don't do any shortcuts on the valuable information you can get maybe you can start to learn on how to trade since this one could help you figure out how difficult to earn and you can also discover things which can help you to successfully earn on crypto.

ongsy89

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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.

Topic: How does one start on crypto? - page 12. (Read 2616 times)