how to choose an currency for beginner? - page 2.

mk4

legendary

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Quote from: Hougest on December 22, 2017, 07:01:13 AM

I'm a newcomer, I listen to a friend and I bought Bitcoin for $ 16500. And Bitcoin is now $ 14200. What can I do ?

If you think the price is going to continue to go down: sell, and re-buy at a lower price
If you think the price is going to go up: hold on and wait

fachant

sr. member

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Quote from: SWONG on December 21, 2017, 09:03:36 PM

How to choose the currency we buy as a beginner?
who can give me some advice?
Thank you

For a newbie, you can buy currency with a good reputation like ethereum, for example. First, do some research about cryptocurrencies, look for useful information. Learn more so you don't lose money.

tudor_simion

member

Activity: 349

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Quote from: SWONG on December 21, 2017, 09:03:36 PM

How to choose the currency we buy as a beginner?
who can give me some advice?
Thank you

As a newbie like you i sugest you to make some research about Cryptocurrency first .

Quote from: Hougest on December 22, 2017, 07:01:13 AM

I'm a newcomer, I listen to a friend and I bought Bitcoin for $ 16500. And Bitcoin is now $ 14200. What can I do ?

Why did you listen to your friend? Why did you buy Bitcoin? What are your interests in Bitcoin? What are the reasons that made you buy Bicoin?
I think you're a little panicked because of the Bitcoin drop. Keep it. He expects he to grow up again. "It will grow again". You should think and you can lose to not only to win..

Hougest

newbie

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I'm a newcomer, I listen to a friend and I bought Bitcoin for $ 16500. And Bitcoin is now $ 14200. What can I do ?

FinStar34900

newbie

Activity: 39

Merit: 0

There is no particular cryptocurrency for a beginner, you need to do your adequate research on a particular cryptocurrency, its trends, its purpose etc. Also before investing in anything be sure to invest only the amount that you can afford to lose.

defc0de

full member

Activity: 270

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You need to pick the niche you want to be in and learn the available coins for it. You can start with BTC of course as it's used to buy almost all alts, only a few are directly traded in USD. Then you can start picking the proper niche as I have mentioned. For me I'm mostly all in to privacy coins. I picked DeepOnion for it as it's one of the remaining undervalued coins in the privacy sector. It uses the TOR network to make transactions anonymous, and will implement a ring signature address obfuscation in the future as well.

You also don't need to invest a lot as they are offering the coins via an airdrop here at BCT. You can check out their community forum to see some more ways to earn i.e. bounties, giveaways, contests and the DeepPoints airdrop they are doing each Sunday. It's really a very good coin to start with for beginners.

mr.bitcoin2k17

newbie

Activity: 84

Merit: 0

I think you should choose depending on what you believe in. I believe that our future is IoT, so I'd go for IOTA. Find a coin that seems interesting to you, and good luck!

andrewburnett

newbie

Activity: 13

Merit: 0

Like others have said, in other threads too, don't invest more than you can afford to lose. Only invest in coins you think are going to go up, that generally means reading and researching.

I don't know that there are currencies for beginners as much as strategies for beginners - start small and read a lot.

papahmauriel

newbie

Activity: 34

Merit: 0

many much currency for begginer,you can looking for in google

judgememes

jr. member

Activity: 56

Merit: 1

Quote from: SWONG on December 21, 2017, 09:03:36 PM

How to choose the currency we buy as a beginner?
who can give me some advice?
Thank you

At the start I turned to Doge because it was a cheap coin, but now , I hold only ETH and make smart investments in reasonable ICOs.

ZCoinTalk

member

Activity: 154

Merit: 10

I would recommend looking at the top 20 or top 100 of CoinMarketCap.

There are a lot of great coins. Find a project that you like, with a good community and people that you trust with your investment. After that you can have a look at which exchanges the coin is active on. Buy a partial Bitcoin using Coinbase or one of the other sites and go for it!

Blockfolio is a nice iOS app that you can use to track your coins.
I hear that CoinMarketCap also is launching an app soon.

curv1991

jr. member

Activity: 50

Merit: 10

Ethereum, good price and not that much volatility

uberproteam

copper member

Activity: 60

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Decentralized Freelancer Community

Most coins with high volume of trades are good for beginners.

ZeroDrifting

newbie

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Invest on the highest one Bitcoin, then use Paxful.com to get rich.

mk4

legendary

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Why are you planning on buying cryptocurrencies? What are your intentions? What certain characteristics are you looking for on a certain coin?

NEEDS. MORE. INFORMATION.

If you're planning on buying for the sake of investing; and instead of doing research you instead ask other people what coin to buy...
then investing in general, whatever asset that is, is definitely not for you.

Sall-Mo

newbie

Activity: 155

Merit: 0

First of all, you need to have a certain understanding of the virtual currency and have some knowledge of economics.Second, have a certain understanding of the virtual currency you are interested in and know its development plan.Finally, you can look at people's chat at BBS, look for useful information, and carefully select a good virtual currency.

SWONG

jr. member

Activity: 60

Merit: 1

How to choose the currency we buy as a beginner?
who can give me some advice?
Thank you

Topic: how to choose an currency for beginner? - page 2. (Read 278 times)