Hi, everybody. I would like to tell you my story and tell you my mistakes so that you do not repeat them to choose the best trading strategy.
I went to crypto world in November 2017 and I knew nothing. I watched a lot of videos on YouTube very much read it took about 1.5 months before I bought my first Bitcoin.
The most important rule I knew right away was not to trust anyone. If you think all the time so it will be difficult to deceive you. Many people on YouTube bloggers advertise projects in order for people to follow his link and the project paid him money for it. You need to think with your head and study altcoin or a project in which you want to participate.
And so if you're a beginner don't rush to spend your money. To open the eyes of beginners will tell you how to buy altcoins where to buy and where to store. The first thing you need to buy altcoins you can buy on these sites:
1- https://localbitcoins.net
This is a good site for exchanging traditional money for cryptocurrencies. There you can buy bitcoin, if you need other cryptocurrencies you buy there and transfer to the exchange and there you make an exchange. I'll tell you about the exchanges later.I have used this site 4 times and have not had problems not once. How to use? You're starting a deal . You choose the best price, send money to escrow (the site itself is the guarantor of the transaction). The partner sends you bitcoin and the transaction is completed. The partner will not receive the money until he transfers the bitcoin to you, and you receive the bitcoin until you transfer the money.
2- https://localethereum.com
This is exactly the same site as the first. But now you can buy Ethereum instead of bitcoin. Sometimes it's good when the internal transaction of the bitcoin network is worth $ 20 and Ethereum has $ 2. Also with him there were no problems not once
3- http://www.bestchange.com
This method is also good I did not use it because there was a high Commission. But a lot of people said they were working with this site. The method is simple Choose exchanger register and change your money. Be careful to choose a good site to share and watch people's reviews.On this portal you can buy almost any cryptocurrency.
How to choose a good exchange? There are three good exchanges this:
1- https://www.binance.com
2- https://www.poloniex.com
3- https://www.bitfinex.com
There are many more good exchanges. These three best exchanges are reliable and there were no problems with them. If they do not have the altcoin that you need then look for others.
After you've dealt with the exchanges. You need to choose how to store your altcoins.There are so many ways to store it. The most convenient is on the exchange. The most secure is on a cold wallet. Cold wallet is a flash drive or a piece of paper on which your codes are written from any program or website. For example, the best site for Ethereum is https://www.myetherwallet.com . For NEO cold wallet which can be downloaded from their website. For some altcoins there are no wallets and have to be stored on the exchange.Each altcoin is different and each need to learn where to buy how to store and how to sell. There is a very good wallet Ledger Nano S. But it is not cheap but if you trade big money you need it.
And so I want to tell you how to trade. For a beginner, it is best to choose an investment rather than trading strategy. If you trade you will lose your money over time. The best option for you will be to invest in the medium term and long term. You will never guess how the market will go up or down. You can buy altcoins for 4 6 8 months or one year. The best way to divide your money into 3 5 7 altcoins. to reduce the risk would be safer, when one allcoin will fall and another will rise.
Okay is a long story. Good luck everyone. Write here answer your questions as I can)))))
