Imagine that you're new to crypto now - page 8.

davis196

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Quote from: smajler on July 16, 2019, 03:36:47 PM

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?

If I was new to bitcoin I would read this forum for about 4 weeks.I would watch Youtube videos about bitcoin everyday and maybe I would buy some Andreas Antonopolus books about blockchain,cryptography,etc.
If I was new,I'm 100% sure that I wouldn't buy any bitcoins right now. Grin

abderrazak belkhir

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I think you must ask some other people about crypto but you must not ask the one who lose his money in crypto (Emotional answers)
If you can get the help from a good trader you will surly be safe

Kakmakr

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Research is key in any investment or technology, so I would advise you to do some research first and then to decide how much you are going to risk on an investment in Bitcoin. Just remember that it is not an investment opportunity but a great payment method with a lot more advantages than simply being an investment tool. Wink

People know where the last ATH price of this technology was, so they know more or less where it could go again, so they can make a calculated guess of what their potential return on their investment can be. Wink

jossiel

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Putting myself in the shoe of the beginners, I'll study more about it and probably won't gamble all of my life savings into it. After getting a job and became a victim of scam, I became wiser now with my money.

And that's why if ever I'm new to crypto I won't be confident of investing all of my money and there's no way for me to know when to buy and when to sell. Unlike the rough road of successful people, I'll learn it the easy way through reading the experience of others.

samputin

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Well, I would do my own research, of course because it's kinda hard to enter something without even the slightest knowledge about it. And then, I would ask my friends if they are familiar about such and then ask for their advice as well. Just the basic things a new comer would do.

pooya87

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i don't have to imagine, i just have to remember!
when i got in bitcoin it was 2014 and the price was around $500 and was falling down. it went as low as $150, and although this current trend we have these days has nothing to do with that and has no similarity but as someone who got in during one of the biggest drops in bitcoin history i have to say i never minded it and i still don't. i continue to buy bitcoin whenever i have the extra money to accumulate more.
as for altcoins they have always been the tool to increase the amount of bitcoin i have so i will continue trying to trade the pumping coins.

swiftbits

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Money attracts, If I were new in Bitcoin I would probably search for earning opportunities, many people in the community suggest new members in taking some research before investing in anything, seeing new members losing interests affects this growing community.

But still, how can you know if you didn't try? If we want to trade as a newbie, just use the amount we can afford to lose or just invest in Bitcoin for a healthier option.

avikz

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Quote from: smajler on July 16, 2019, 03:36:47 PM

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?

We usually see an incoming influx of new players in the market whenever the price goes higher, but not at the time when it goes lower! Same thing happened during late 2017 as well and I am sure there were newcomers who had joined the market during recent gold rush and already accounting their losses!

If greed de8ves their decision then you are bound to make mistakes! But if the newcomer is tracking the market from some time, he/she will be able to identify the trend and make money out of it! That's true for every market!

Ridwan Fauzi

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Investment is not gambling that you could spend your money and never know what happened after that, just rely on lucky and you will be happy if you win and you will regret it when you lose. But in an investment you have to realize your money will grow depend on your knowledge and your money will go down even will run out if you didn't know the investment place, what is the risk that will be face after that and choosing time when you have to buy and when to sell.

Those things must be know by newcomers in investment field. They are free to choose both choices guessed investment is gambling or investment is a place to make your money grow with a knowledge first. Those are depend on them, but I'll believe that all newcomers will read first before they spend their money to start with. But most of them only find out the profit which will get later only have a lack knowledge the ins and out about bitcoin.

djadmika

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Never put your money in something you don't know. A cryptocurrency (Bitcoin / Altcoin) can be studied easily if you want to spend a little effort to find valid data related to the cryptocurrency that we will buy. Google provides all the data that you might need. You can start from there. The point is always to do in-depth research first before investing so you don't regret it later.

samcrypto

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As usual if you're newbie you need to know everything, you need to know if the market is suitable for you or not. I will read the books usually and attend many seminars because I know on that way, I can learn more about cryptocurrency. Investing is a hard job for me, because you need to study everything and you need to know where to put your money. Crypto now is so cheap, start buying again and continue to hold.

muratsink

sr. member

Activity: 1330

Merit: 256

I will look for information about the risks of the crypto world. what is crypto trading? what is crypto investment? how is the risk of each volatility? what are the advantages and disadvantages of trade and investment? What strategies can be used to avoid losses and get high profits? I will ask a lot of the crypto community and read some articles about the crypto world before investing and trading.

Dreamchaser21

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I will read everything about cryptocurrency and about this forum, I will also ask for some help every time I feel doubt about the information that I get. In terms of investing, I will study it also so my money will be safe and know how to deal with cryptocurrency. Honestly at first, its hard to deal with the market because of high volatile but if you know it already it will be more easy for you to buy and sell.

michellee

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Quote from: smajler on July 16, 2019, 03:36:47 PM

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 will search for information about bitcoin from watch video on Youtube. I will learn about how to know the time to buy coins. The important thing here is how I can understand how to buy and sell at a low price. I don't want to use my savings money to buy bitcoin because I know that it will be too expensive for me, but I will buy altcoin, and I will try to buy in local exchange.

btc_angela

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Quote from: smajler on July 16, 2019, 03:36:47 PM

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 wouldn't read books but I will scouring the internet with everything I can find specially bitcoin. I don't think that as a newbie, you will get yourself with altcoins, it may come a bit later when you understand how crypto market works specially bitcoin. So obviously, bitcoin is the go to crypto and that is where most newbies are going to invest I reckon.

GreatArkansas

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If I will base that before I started my journey on crypto, maybe I'm into some HYIP schemes or trading some altcoins because I really admitted that I really did that before, like jumping into some new things without even doing some research or asking some people, even not in crypto.

I really admire those people especially those newbies in crypto that are carefully asking about crypto things and doing some of their research before putting their hard-earned money in Bitcoin or any other cryptocurrencies.

Chrystora123

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I will read, hear & find out very much if I am new to the crypto. Blockchain technology and cryptocurrency are very new things and currently, only some people really understand what this is.. even based on the news I read, surveys prove that around 70% of companies in the Asia Pacific don't understand what blockchain and cryptocurrencies are. Cheesy

mikelsmith2020

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Probably searching how to earn bitcoin and probably wanted to have instant bitcoin so I'll end up maybe to scams or to faucet shts and maybe reading different sections here in the forum and make experimental acts like mining using my not so new computer, etc.

harizen

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Quote from: smajler on July 16, 2019, 03:36:47 PM

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?

So you mean a new player just put money on crypto without understanding what on earth they are doing? Since they don't know the topic in the first place.

A plan will come up later on after understanding the risks. Can't put myself in the scenario you have given because back when I'm new to the crypto world, I never put a single cents on that without understanding the basics even how good and bright the future of crypto to the look of the others. I want to see how good it is by doing my self-homework first before engaging and putting the actual money. Even how positive people back then, it's difficult to just follow someone saying that you will become rich in bitcoin someday. Some of them can't even explain what's this stuff all about.

And since I did my homework, then I see that it's making sense to test the waters in crypto and worth to put a shot compare to others risky "investments" that can be found around. No such thing as latecomers even for let's say I just realized it now as we speak.

romero121

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Whenever we keep legs into something new it is good to get suggestions from the people who have been into the same for a much longer time period. Whether I'm gonna experience loss or profit doesn't matter, I'll invest on the cryptocurrency that's been suggested by him. Further I'll start exploring to know more about cryptocurrencies and I begin to move on my own plans.

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