Topic: Imagine that you're new to crypto now - page 2. (Read 7462 times)

everyone will definitely learn it first before starting, as well as I did when I first learned about bitcoin, because of my interest in learning the world of cyrpto either by reading or asking friends who understand. when you already know something then you can only decide including when to buy coins and when to sell them, because the risk you will receive must be there. all things that will benefit, of course there will be risks.
And, fortunately those who have known and learned about crypto for a long time.

If you are referring to your rank here, that does not signifies on your contribution or knowledge about crypto.
The level of comprehension for everyone is very different, some already in crypto for so long but they are still newbie when it comes to making judgement, experience is important but the most important thing is on how to develop yourself and become smart in making good decision.

Here in crypto it's not only about reading or learning in theory, the most crucial part which is needed is to implement what we read and understand in real action, and every decision is very important as it could cost money to us since we are here to earn by risking our own money.

If ever I am now a newbie, for what am I gonna do is I will invest some of my savings in bitcoin and make some research too
to some other potential coins in the market that are on top listed at the coinmarketcap, then while doing it I feed myself to learn thru
reading books that talking about trading.

Everyone at some point are new to cryptocurrency, no matter how late you a learn or hear about it, there is always time to become an active member of this great space. Because sooner or later a crypto newbie will become a Legend.

Having no idea on any investment is both risky and will put you in big trouble, not because people are shouting they made millions on Bitcoin it will always apply and you can also do this, you need to first educate yourself, start with the question what and why.

You can proceed with these two questions on Youtube and Google, find out what is Bitcoin and why we need to use it, you need to spend ample time to get to know everything about Cryptocurrency, Bitcoin, and blockchain, from then you can proceed from learning how to secure your investment or coins, this is important, because there will be a time that you are going to invest in a lot of coins.

Do not invest even if you think there is a coin worth buying, you need to first learn how to check if the project is legit and differentiate the good and the bad coins in the market.

It's very tempting to invest when the market is moving up, but there is always a trap along the way and by educating yourself, you avoid those traps.

What will I do is I will try to find the local crypto community first (on social media like telegram or facebook) then after I got it, I will start to ask and learn about crypto on this community...
Maybe if you are newbie, you will be bullied by some of the members in this community. But is ok, if you’re ashamed of asking, you’ll get lost.

when we are interested in something, of course we study it. whether it's from books, youtube, articles, or other news. we will look for information related to that. a few years ago I was new to the world of crypto, but now, I am quite used to this. continued learning is the thing that needs to be done.

I think, I would definitely read some articles or, better even, find the person who had a hands-on experience in blockchain, it`s always better to learn from somebody`s experience.

I’d start with getting a basic knowledge of the crypto world by reading blogs, following crypto news channels and more. Along with this, I’d seek advice from someone who has been investing in cryptocurrencies for a while. Also, the bitcoin forums might be of good help where we clear our queries.
Before investing, I’ll make sure to do in-depth research about the coin. One thing I’ll keep in mind is not to invest all of my saving as cryptocurrencies are just a gamble.

i wont imagine , ill just go back to the memory i have once i was introduced to bitcoin back year 2015
I got to know bitcoin just by scrolling the net, next thing i know is i was so eager to know about it.
i linked up to people with the same interest and started a group in facebook so we can backed up each other with informations.
i learnt first about faucets then hyips then dice games then trading lastly i learnt being a bounty hunter.

if i was a newbie now i will learn to get altcoins or bitcoin that you can acquire for free i guess. Just like what i did when i started.

My initial step was watching YouTube video on crypto currency! Reading book is not my preferable way of learning in 2019!

It always starts with doing some good research about the topic. So It would be wise to read the Bitcoin whitepaper first. Also I would recommend to get to know what a distributed Blockchain network is all about.

If you are about to invest into crypto but also a little bit overwhelmed by all the possible exchanges don't worry too much about that. Just pick the biggest ones in trading volume. This could be Coinbase , Binance or Bitfinex.

I wrote an interesting article about starting investing in cryptocurrency.Hope this could be helpful!

 

There are some good rules for this.
If you want to invest in this, then invest in Bitcoin. Never invest in more than 2 alt coins.

Do not invest more than 0.5% of your earnings. Better, if you are new, do not invest your hard earned money in something that you do not know. It is risky, it is like gambling lottery or roulette.

If you have decided to do this, read some books (stock market, forex, etc).  Then try to trade for 15 years on virtual money not on real money. Read everything you can on this, read everything you find on the internet, etc.

After 15 years doing this (on virtual money) you will learn that you can earn good money.
  



 

I think new players need a lot of experience to be able to draw a lot of valuable lessons. Besides, we should practice more than study theory. You should stay in this forum longer, read many other people's topics and have a better overview of the market. Opportunities always appear if you know how to capture it. Stay calm when you lose something and find a way to get it back

Maybe I will read a lot of topics here in this forum to gain knowledge on what is cryptocurrency and blockchain is. It is important that i will know the basics and how it works so that I can have a full understanding on it before doing some action.

Lot's of question gathered here .However i never wanna go to the back where i was blind at crypto .If i were new i would buy much and more btc and save it securely until i sell it on high as it is now .I think we still have the chance to full our bag and study more on crypto as well.

Don't really need to imagine, I can quite clearly remember the first time (that I remember well anyway, if there were an earlier time, forgotten with sands of time) I heard about it. This was in early 2013.

I was actually interested, but I'd always been interested in digital money and my circumstance was that of having been burnt truly badly in the past by e-gold (you can look it up) -- and I was not ready to throw in more years and wasted effort only to have big brother take it all away from me.

That blinded me from really looking into it. I heard about its cryptography, I heard about its scarcity etc... those were what the media pointed out -- I also heard about rapists/silk road/guns/drugs but those also affected e-gold or any other predecessor so that was normal -- but I did not understand what truly distinguished Bitcoin: that it was trustless and that it was not controlled by any entity.

The second proper time I was introduced to it was in 2015, after ending a long professional career and recovering from a serious illness. When you suddenly don't have employment for this first time in your adult life, laying in hospital bed, you look online:)

I discovered Bitcoin again, found out it had become way more popular than it had ever been... there were even altcoins now and merchants and exchanges.

Oh and there were all kinds of schemes too. Easy money with Bitcoin. Mine and earn and whatever. So I was new to that. But I took my time, learnt and got familiar. Used a wallet, signed a tx, etc. I'm a regular guy. Took me a while. I think any regular person should be able to do this =)

I think I will still be doing the same.

I am not 100% focused on my investments and my tradings, I am still working so I think I will be doing the same, work and cryptocurrencies. You see, all of my colleagues know what crypto is, so if I don't know what it is, there will be a lot of people that will tell me and push me to invest in this. I will still take the path I'm in right now.

If I were to be new to crypto, I will invest in a coin that many people a making a fuss about..that's Bitcoin. I will read more about crypto currencies and trading so I can venture into it with a little percentage of my salary.

In a way it's easier now for Bitcoin users and in a way it's harder.
It's easier because Bitcoin is now lot more popular and accepted than 5 or 6 years ago, there are lot more available informations, different tools, a lot of exchanges and everything. But before it was easier because there were not so much scams and frauds, not so much fake news about Bitcoin, transaction were almost anonimous.
Anyway, I wouldn't like to be a beginner now.