Topic: Imagine that you're new to crypto now - page 7. (Read 7457 times)
I will read as much technical information about bitcoin as possible. To understand it. I will read about the history of bitcoin. And I will experiment with buying and selling to understand how exchanges work
when I just heard about crypto now I will look for a lot of information, because in my country many people talk about Blockchain and cryptocurrency technology, this is about the future that everyone should know, and when people have got Bitcoin and other digital coins I will try to get it, even though it's high risk..
Watch Youtube and learn, learn and learn again. I wouldn't rush with buying something.
I'd search for videos on youtube and read articles on medium about btc.
Imagine that you are a new player in the crypto world and have no idea about this topic.
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
If I am in this situation, I will spend at least two to three weeks, reading and watching all about how Cryptocurrency works and all the risk involves in investing in Cryptocurrency, and create an account here and interact to all kinds of investors so I can learn before I can start investing in cryptocurrency.
In my newbie time, what I did is only read and familiarize first what is crypto and what is happening in the forum. There are plenty of terms and words that I didn't understand first but as the time passes by, I started to familiarize them and use them in my advantage.
The best option that we can do if we are still new especially in crypto industry is to familiarize it first before doing anything. It will be better that you will stock first all the resources that you need in order to earn some decent profit in crypto industry.
The best option that we can do if we are still new especially in crypto industry is to familiarize it first before doing anything. It will be better that you will stock first all the resources that you need in order to earn some decent profit in crypto industry.
Probably investment would be the last thing that would be put into my mind, as I know I'll just starve to death in keeping my portfolio in good level in here. I probably won't be here in forum and I might spend 40% of my time in Youtube. Why 40%? It would simply because if I don't know about something, I don't really expect that it would be beneficial for me to get a knowledge that I don't even know where to end up. My ground knowledge would probably "this is just an alternative coin to pay online".
Imagine that you are a new player in the crypto world and have no idea about this topic.
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
I am not sure about any specific books that explains everything about bitcoin and you cannot find a legit financial adviser for the market and hence it is very difficult for a newbie to understand the market and the different coins in the beginning, it takes time and effort to learn about the basic infrastructure, the main pitfall for newbies is that they tend to search for new projects to get profit quicker and end up being a bag holder, if they understand that only bitcoin can be trusted in the long run and then their job to learn is easy and stick to legit top alt coins rather than investing in shit coins with lot of advertisement and fake promises. What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
I would definitely not waste time on books and would invest only in bitcoin
Imagine if i'm new to crypto but according to my experience several years ago when i was brand new to joining then i would not suddently invest on bitcoin or altcoins because newbie lack of knowledge and too risky for me invest and involved to crypto world but step by step i had learn how to invest or trading on crypto but the most important when the current time still newbie is i missed glory year from bitcoin on 2017 which is it cannot repeated yet again until now
I was new to the crypto world few months ago. Started by reading some articles and watched alot of podcasts. it goes fast. I think I already understand alot. Didnt make an investment yet
What are you doing now?
I read the news related to bitcoin, and you should see what certain guys do when the price drops:
Bitcoin Price Below $9.5K Could Spark 80% Parabolic Advance Correction, Trader Warns
are analyzes that do not bring good news. we are walking towards the precipice
You invest your savings in bitcoin
No, and no one should do this
maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
investing now in altcoins can be risky, waiting for the price of bitcoin to fall to buy may be the best option
for a beginner in bitcoin the most important thing to do is to avoid random recourses on the internet that are mostly opinion based and are being spread by other newbies who have little understanding of bitcoin. Youtube for example has turned into the worst place to start from because it is filled with bad videos and lots of "price guessers" that are misleading others.
I would always suggest starting from bitcoin.org and reading some of the pages on coindesk.com since their educational articles are simplified and easy to understand for a beginner.
also I would advise staying away from price speculation and only stick to studying bitcoin as it is, which is a decentralized currency.
I would always suggest starting from bitcoin.org and reading some of the pages on coindesk.com since their educational articles are simplified and easy to understand for a beginner.
also I would advise staying away from price speculation and only stick to studying bitcoin as it is, which is a decentralized currency.
As a new comer in the crypto space, first thing you thought of is how to earn free without putting money, try to make sense out of it by visiting forums like this or other crypto related sites where you can read and understand a bit what it is all about and how you can earn from it, i remember knowing btc and other alts through faucet, at the time i thought if i could earn free why putting money in it but i later realize there is a big difference
there are lots of info about crypto, how to use wallet and exchange of your crypto that would be beneficial to newbie, this are the basic part necessary for every new comer.
there are lots of info about crypto, how to use wallet and exchange of your crypto that would be beneficial to newbie, this are the basic part necessary for every new comer.
I wouldnt do anything i did.everytihng i did was wrong.then i tried to learn how to trade, pshycology, some formations etc.and im still losing money eheh.
Imagine that you are a new player in the crypto world and have no idea about this topic.
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
We have been came from a newbie before. And before doing a thing like buying and selling, i did not read any books but I spent most of my time in three websites;
- Bitcointalk forum
- Youtube
After that, when there is still vague terms that i hardly understand like blokchain, miner fees, cryptocurrency, then INFOGRAPHIC helps me to understand it.
Next step is on how to do a buy and sell stuffs or crypto tradings. There is adifferent reviews and feedbacks with a certain exchanges. I DYOR before choosing one.
But as a newbie before, the most important thing is the trial and error. You won't learn all about crypto if you wouldn't try to buy and sell. And if you wouldn't win or lose in crypto tradings. That's how I have been through as a newbie before.
Imagine that you are a new player in the crypto world and have no idea about this topic.
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
What are you doing now? Read the book? You invest your savings in bitcoin, maybe you look at other coins (alts) or maybe you see that the price is falling and you're waiting to buy even lower. If so, do you know when to buy? What's your plan for this moment?
I would educate myself first and foremost. I will not get involved in something I have totally no idea at all. I would do the necessary diligence to know every cons and pros there is on bitcoin.
The market is in a pickle right now. The price is dropping and US President making negative comments on bitcoin greatly impacted its bull run. Newbies should be wary making investments right now.
everyone will learn and understand something before joining in that matter. whatever, whether crypto or other.
and I will be like that too. certainly will learn more before joining,
after understanding more about whether to invest in bitcoin or altcoin it will be a separate consideration later. I personally will of course choose bitcoin to invest.
and I'm currently doing it even though it's still a little, investing in bitcoin.
and I will be like that too. certainly will learn more before joining,
after understanding more about whether to invest in bitcoin or altcoin it will be a separate consideration later. I personally will of course choose bitcoin to invest.
and I'm currently doing it even though it's still a little, investing in bitcoin.
Id treat crypto as a normal new topic in real life.
It happens many times in my job that a customer ask me for something i'm not really into or have small knowledge, i start to study to get my feet into it, research around the internet, friends, ex colleagues which might have more experience than me on the topic.
BTC has a value and when we're talking about money, i would do what i just write x3 before doing anything.
It happens many times in my job that a customer ask me for something i'm not really into or have small knowledge, i start to study to get my feet into it, research around the internet, friends, ex colleagues which might have more experience than me on the topic.
BTC has a value and when we're talking about money, i would do what i just write x3 before doing anything.
If I am new to crypto today, I would try to get to know Bitcoin thoroughly. I would like to know what it is, why is it made in the first place, who are the people behind it, why does it have a value so huge nowadays, and how probably will it fare in the future. I would not think of buying very early. When I first heard of Bitcoin, I was doubtful as to its legitimacy, I was not eager to buy. But when I came to familiarize it and the possibility that it will further rise, it was then that I decided I have to buy.
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