Topic: Imagine that you're new to crypto now - page 4. (Read 7457 times)

In this scenario, I won't rush to invest in some random coins rather I read all of the necessary resources to improve my knowledge about cryptocurrency, mostly I go for Do's and Don'ts. in this why I will minimize my risk to fall on ponzi scam and I will have a higher percentage to land on a good project to invest my money with.

Well of course I'll start looking on how to earn from cryptocurrency and probably would end up in blogs and youtube and would rather end in faucet and not in the forum but I think since i like reading a lot i might visit some blogs which will bring up this forum as one of the sites which will let user earn cryptocurrecny.

Well we might not really know what happen.

As a newcomer, of course, you must be diligent in finding information about crypto, which is what crypto is, how to have it and how to trade profitably so that you don't get the wrong perception, because many think that crypto trading is gambling or fraud.
After knowing the ins and outs of crypto just starting with small capital to learn while trading directly, there is no need to buy bitcoin but can buy altcoins that have lower prices. Must be diligent in looking for information in order to gain profits in trading.

I don't have to imagine. i was once new to crypto. However, i am still learning.  What i did first, when i started with crypto,  was to gain good knowledge from an experienced crypto enthusuast. While i was learning from this crypto enthusiast, i was reading some other books that relates to blockchian and trading, and also acquainting myself with online contents. Right now, i am more into buying low and selling high, and get tips on how to do all this through my analysis and the person who introduced into crypto. It is all working out well, and i keep learning.

If I were new to BTC I would study and research more and more, as I did at the beginning
I never put money in something I can't understand
In this moment I'll probably be waiting for a rally

I would like to instantly learn about the technology that involves Cryptocurrency. I would gladly learn about Blockchain Technology and its applications. I would join different campaigns and watch the values of Alternate Cryptos fluctuate. I would also correct my past mistakes by trusting on what my instincts tell me. The Cryptocurrency Industry opened a lot of opportunities that I can take to earn and learn more. It taught me how to invest properly and spread those investments to lessen the risk of losing everything.

Very wise words smajler.  I would add to that learn all you can about trading in stocks and forex so you can buy Bitcoin at the right times.  Forex is a good one because it is also manipulated by governments so you can learn how to deal with that. 

I would recommend you read Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas.  I thought it was a book about trading techniques but it was not.  It was a book of psychologically why we make decisions we do when buying, selling and trading stocks or anything else like Bitcoin.  It was tremendous in setting me free from a lot not just in trading but in life.

If I am new and have found this forum then I will read all the things needed as a beginner through the appropriate board to begin my journey in this crypto world. In addition, I will explore the internet to find things related to cryptos.

I'm thinking that when I'm a newbie, what I did is to find some information in the internet. How to invest or how to earn crypto etc. I think gaining some information is the best thing for a newbie to do because it can help in the long run. If I'm a newbie at this moment, researching is the first thing that I will do before investing my money because it is hard to just throw your money without proper knowledge on the thing you want to invest your money with.

I'm not fun of reading books but rather watch YouTube tutorials and even a group conversation where in someone is teaching us the basic of trading... If I am new to crypto, I'd rather do my own research about cryptocurrency... Because it is better to have a full knowledge of something you want to get involve with...

I am not really a fun of reading so in my case I would rather watch youtube videos, I was able to see a lot of videos explaining what bitcoin is and I find it very easy to understand in videos rather that reading. I think the information in books and videos are the same the only difference is that in videos they tend to make it as easy as possible for newbies to easily understand.

Hmm... that's a good question.
I can say that if I didn’t know anything about the crypto sphere, first I would start studying the crypto market, start exploring and analyze the history of Bitcoin creation, I would try to understand why some currencies had such a rapid increase in their price.
But in fact, this is not the most important thing. The most important thing is the analytical thinking and understanding of the foundations of any markets and basic processes in society. Of course, the crypto market and the blockchain are different from all that was before. But there are laws that work absolutely in all walks of life.
The most trivial example: no matter how you treat this, from time immemorial to nowadays there is such a way of life that 80% of people don't understand and don't want to understand anything, 19% of people understand much more and use it, and only 1% of people fully understand what is happening around and can control it themselves. Based on the understanding of this structure in society, it is possible to draw many conclusions and more accurately predict the further development of the crypto sphere and not only that.
And we must strive for precisely this analytical thinking and understanding of what is happening around. And some separate details of the crypto will not give you much. Therefore, first of all, I would try to understand what is happening around and how you can use it.

If you try to look new investment like never before, crypto make be your option.

Why ?
Because you can earn profit more than you invest on ordinary invesment.
Of course the risk also greater but for me it's worth to invest.

It is not a good investment idea to start investing into an asset that you are not well inform in and that is the mistake many of us do and at the end when the whales and professionals play their game we would start calling them manipulators.
Many new cryptocurrency investors has lose heavily by greedly invest because of testimony they read online. Don't invest because of stories of others but invest because you can analyze any of the coins you have in mind and you can invest accordingly.

As a newcomers i think doesn't take risk of my money to invest in bitcoin because it is very crucial to know the strategy on how to make profit on cryptocurrency.A wise investor must know the movement of the coins inorder not to end up nothing and not to jump easily into conclusion that in investing there is profit but there is losses of course.

Coming to crypto at my first time looks like am lost but seeing people giving testimony about their gain cos crypto was sweet then and you can gain 100% or even over in a day I started investing in little and also do most of my time reading articles and following chart videos to know what and how the crypto works.

And today I am also a little bold of what I can decide in the market and have assurance of getting it done so I advice every new member to read and be patient in other to gain it all when the time comes again, I also will advice that you should not use what you can loss as capital to invest or better still stick to big coins and hold for long cos they will always boom one day .

and if only to imagine, especially for beginners. as is your opinion
it is very risky, with blind investment you will get a definite loss. impatience and experience.
of course it becomes part of everything that concerns crypto. think about it

if i am new to bitcoin. i will observe every thing in crypto world because i am going to take a risk in investing. i was a new one in past and i have observed many things before invest. therefor i could be able to invest safer in good place. first i observe what is crypto and what is the technology of that. then i found many details and i follow some trusted details.

I think I will still invest right now if I were a newbie. Why should I do that? The reason why I will still invest is that Bitcoin proves that it can rise up like it used to be in 2017 then it is still possible that it will happen again. I don't want to miss the chance to be profitable.  The time we have started, no one believes in Bitcoin and no one was aware that it can do wonderful things until 2017 Boom! Then what are the things I should be afraid of when I almost experienced all the hardships and battles on Cryptocurrency? To all the newbies, never lose hope. Get all the knowledge that you can get by research and talking to all reliable people that will really unselfishly share all that you need as a newbie.

Upon hearing what crypto is, i would delve deeper and try to do some research before tackling and investing some of my money on bitcoin or on altcoins. By reading the basics i would further understand what is its pros and cons. If i have arrived to the conclusion that bitcoin would benefit me then i would definitely try to invest on bitcoins. I would wait for the price to decrease before buying one, and then like most of the members here in this forum, I would hold onto it until the day comes when it exceeds its previous peak.