Topic: Journey of a newbie. (Read 317 times)

According to i ask yourself why you want to come here and make up your mind to achieve certain goals here and try slowly because it will require a lot of patience.Knowledge is a person's own wealth. In this forum, there is a place to put your knowledge to good use The purpose for which you have come will be completely successful, and your new journey will be very diverse. There are many people that will help you to move forward with creative work.Since misinformation did not stop you from coming this far, it will not be able to mislead you in the future. Thank you for coming this far because you have the power to get out of the confusion.As newbie, be able to convey your experience with your creative work and follow the forum rules properly If you try then your purpose of coming will be successful after overcoming many obstacles.

Welcome onboard mate. It is nice you are here for good. As a new beginner, you will have to be patient enough to understand how this platform works. As learning is very important, you will have to make out time to read post and articles on this platform to knowing the principles governing the activities here.. As they say knowledge is power, so it is here that when you learn, you will have knowledge about the platform and how things are done here. Your coming here is never a mistake and I am believe you will utilise the opportunity to grapse the knowledge you desire to have about Bitcoin and crypto currency as a whole.
I hope you enjoy your smooth ride here.

Cheers for joining this forum, OP!

Your journey starts here- as you slowly learn about cryptocurrencies, it is safe to assume that they can be a good store-for-value investment due to its price constantly increasing on the market. Even if your local currency devalues due to inflation, cryptocurrencies are relatively better as an investment mechanism for long-term growth.

Enjoy the ride and let cryptocurrencies change on how you would view investments for the future, OP.

There are many benefits you can achieve here, as long as you constantly learn about crypto, you can become an investor/trader who can support your income. Your interest in joining here is because you have heard about Bitcoin and other Cryptocurrency assets outside the forum, such as reading articles or information you get on social media.
Prioritize the knowledge that is more important for you to learn, as a newcomer here you also have to comply with all the rules that apply on the forum and avoid anything that is prohibited. Start gradually, you will be directed to a thread that contains important information that you need to learn before going any further.

I know we in hard time whereby economy is very hard and fiat currency is going down everyday , you are in the right place where you can get good knowledge to manage your finances even with the tough economic crisis. Bitcoin is a good alternative for you savings in the recent economic crisis, the saving in the bank is adding to more problems, it is making the financial situation worse. Saving in bitcoin it will add value to the money with time if only you can have patience to wait for the market to increase in price, their is no point leaving money in the bank when it keeps losing value.

The working system of crypto currency and fiat currency may be different. To know where the differences are, you need to study them. Sometimes both currency systems have to be used in everyday life, even if you learn that the cryptocurrency system works better than the state currency system.
If you want to learn how the best cryptocurrency works, learn how bitcoin works.

Welcome to the forum. Here we can find the best discussion space for every problem that occurs openly. As they say, it takes time to learn everything related to bitcoin and crypto.
At first it will be confusing, but on the way you will find it easier.

a beginner will definitely feel confused when first learning something and of course that is normal, but of course you can learn here about crypto and here there are lots of people with extensive knowledge about crypto who will explain it to you if you ask, so welcome to join. in this forum op and enjoy the process.

You don't have to be confused any longer since you have found yourself in bitcointalk community, as newbie who started the journey of cryptocurrency and especially bitcoin newly in the forum, it will be easier for you to comprehend about bitcoin easily with your serious and you also knows your target as well, what I really want you to understand concerning the journey of bitcoin is that, the journey of bitcoin have to do with your inquisitiveness by advocating time to make necessary investigations of bitcoin properly, their is something I want us to understand concerning bitcoin as well, bitcoin is a digital and decentralized currency which can be seen but can not be touched base on it's technology, so if you are venturing into bitcoin investment you have to be aware of the negative impact of bitcoin as a coin and positive impact of it as well,  because some people doesn't been informed properly before venturing into bitcoin investment and sometimes when the price of bitcoin devalued and those newbie invest becomes inquisitive and curious to sell out what they have invested on, and secondly what I want us to understand is that we are not supposed to panic when we invest in bitcoin, that is while it's advisable to invest in any cryptocurrency and mostly bitcoin with your spare finance.

Bitcoin is a currency which is also an asset, the price of bitcoin can go up and down depending on market demand, the more market needs bitcoin, the more expensive the price becomes. Bitcoin is decentralized and no one can control or freeze your bitcoins, unlike centralized banks which can freeze your money easily

However, if you plan to save your money in bitcoin, you should first study bitcoin price movements because they are very volatile. On the one hand you can make a profit and on the other hand you can also lose because of it. So you must have an analysis of what you do with bitcoin, so that you don't take the wrong steps in managing your finances.

No need to be confused about that, mate, because now you can find more explanations from people on this forum as well as from people around you who may have already known about all these things in the past. Apart from that, you can also read it on several websites which have been written and explained in detail about cryptocurrencies and how they work so that it makes it easier for you to read them quite carefully. You just need more reading to increase your knowledge about cryptocurrencies and how they work and you can get that here or on the two websites that I will recommend below.

• https://www.coursera.org/articles/how-does-cryptocurrency-work
• https://www.forbes.com/advisor/in/investing/cryptocurrency/what-is-cryptocurrency-and-how-does-it-work/

Welcome to the forum and crypto space. Inflation is really telling on the price of everything, and the case is even worse in some countries with the devaluation of Fiat, which is also worse. It's quit telling on us because by the time one goes shopping, you discover that the purchasing power of the money you had has just reduced and you could not purchase much. This is usually the reason why some people are looking for a safe heaven. This time around, most people are not keeping a huge amount of money in the bank; they are rather looking for a safe asset that can yield more profit than the little profit the bank offers to give, which can still be worthless after inflation has taken its toll.

What exactly is confusing about it, you just need a time to learn about it, have you tried out something on your own, have you created time to learning cryptocurrency.


Cryptocurrencies are volatile, which means they are not stable, bitcoin is not centralized, it's a decentralized digital currency and is not regulated by central authorities, it works strictly by it protocols on the blockchain technology and cannot be altered or changed by anyone.

You are in the right place to know how bitcoin works and to have the proper knowledge on how to invest in bitcoin. It is very sad to see how inflation devalue our hard earn money, base on the country that one is from. Bitcoin is a store of value and is used as an hedge to inflation. You can save your funds in bitcoin so that the value wouldn't depreciate.

You should take your time to naviaget round the forum to see boards of your interest and also use the search engine to find topics of your interest. Only invest in what you can afford to lose because bitcoin is volatile in nature so that you don't panic when bitcoin price foes below you entry point. Use a noncustodial wallet like electrum wallet or blue wallet for your mobile wallet, and don't expose your seedphrase to anyone. Back up your seedphrase by writing it on a pieces of paper and keep them in three different location very from each other.

When a newbie first joins cryptocurrency he has no idea how Bitcoin works. When I first joined this forum I had no experience with Bitcoin and no idea how it worked and how it was regulated. But gradually when I got to know about everything then I gained some experience about Bitcoin. However, we still don't know much about Bitcoin, there are unknowns, but if we try to know everything well, we can know safely. But if you want to gain good experience, you must know and understand all the subjects to be successful. Moreover, if you want to earn profit, you have to be skilled in various things, then everything will be easy for you, if you keep trying, you will surely succeed. Good luck on your Bitcoin journey and welcome.

Yes, you are right. Your concern about banking system problems and currency devaluation is a problem that cannot be avoided by everyone. And you are absolutely right, if we want to survive in these uncertain economic conditions we must be able to follow and study existing developments to maintain and improve the value of the assets we own and to establish financial freedom for ourselves.
If you want to learn and deepen your knowledge about cryptocurrency you are in the right place. In this forum you will get lots of threads or discussions that are very useful and of course will add reading reference material to help you understand cryptocurrency more broadly.
Congratulations on starting your journey OP and most importantly make a clear goal for what you are learning about crypto to increase your enthusiasm in continuing to learn and increase your knowledge about cryptocurrency.

Welcome to the forum. As you already know, adding bitcoin to your portfolio can be a good way to hedge against inflation. My country also suffer from the same problems you speak of, the value of our currency keeps falling down against the US dollar, and this makes the cost of living to go high because we import most of what we consume. Bitcoin is the cheapest way to beat the current system, people living in poor countries understand this the most, that is why Bitcoin is more popular in developing countries than developed nations.

I understand your confusion related to your banking system and it is a good option for you to invest it in cryptocurrencies. I see you are interested in cryptocurrency and there is a valid reason behind it. In your country, the devaluation of your local currency occurs and for that, you want to minimize your loss and you are willing to invest it in cryptocurrencies. But bro it's not that simple, Cryptocurrency is highly volatile and can fluctuate at every movement, and you could lose your money. If you are serious about cryptocurrency then I recommend you start more research on it and learn more about it. Once you know about it completely then you will minimize your loss and maybe you will succeed in it. Knowledge is everywhere about cryptocurrency like a library or YouTube etc. which can easily help you.

Forget the banking system, switch to a decentralized system that cannot be regulated by the government or any authority. Bitcoin can help you get caught up in the inflation that is happening in various countries, switch to an independent system that cannot be regulated or tampered with by the government which keeps society in uncertainty.
Start learning little by little the system that can bring changes to you in managing your finances, there are many things you need to master that are still new to Cryptocurrency technology. Don't hesitate to ask more senior members in the forum, they will immediately answer your questions and direct you to your desired destination.

Good luck and enjoy every bit of the learning process. The whole learning process might seems bulky and it's like there is so much to learn as a newbie. But I know we will figure things out with time

 
You take a good step to take another direction different from your local currency due to constant devaluation and the boring banking system that is not beneficial to you but beneficial to the owners of the bank since they use your money to do business and give out loans with high interest, while bitcoin investment will give you profit and it will not lose value like fiat, and if you invest in a non-custodial wallet, you will be in control of your money, unlike banks that you need to follow due process to get your money back.

You also need to understand that coming around bitcoin won't add to the value of your money to make you rich very quick. Bitcoin is good for a long term investment if you want better profit from it.  It will be too bad for you to leave your money in the bank for a longtime as savings  because it will keep on losing value but if you can hodl Bitcoin for a longtime it will be profitable for you in the future, you can only achieve this benefit in profit from bitcoin if only you are ready and have good patience.

Gutting value from bitcoin can be challenging for some beginners because they just inquisitive to make money so fast, but if you take your time to understand how bitcoin works you will be very glad for making the right choice embracing bitcoin as a financial option.

Thank you so much for your kindness and words of encouragement. It's not everyday someone meets a kind person. I appreciate you.

No need to be confused, you still have plenty of time to learn it if this is your initial journey in crypto. High volatility makes crypto prices unstable and some of the bad conditions that are regulated are only part of it, no one really regulates the crypto market is decentralized. No economic platform is perfect and you also said that continuous devaluation of your country's currency would have a very bad effect. You just need to learn more deeply, a beginner's journey is not easy, it depends on whether the beginner wants to learn seriously or not.

Welcome mate to Bitcoin discussion forum and you can start your journey as beginner for learning with bitcoin and cryptocurrency, but not fault if you try watching Youtube channel with cryptocurrency discussing and check related on some article describe what is bitcoin or cryptocurrency. You can learn here after having basic of Bitcoin or altcoin knowledge and ask about any thing difficult understanding in article who explain about cryptocurrency.

But its not difficult for understanding with cryptocurrency and I believe you will easy how to accept Bitcoin as worth investment in the future after few days active in this forum and not bad to try trading or investing in bitcoin later.

Congratulations you did the right thing, we all wish that there will be more people who would realize the value of Bitcoin as a store of value in times of constant devaluation of their local currency and inflation, but people prefer to have second thoughts because of the bad news they are receiving from mainstream media.

Merited you for your new journey I'm sure it will be a fruitful journey because you have chosen the right path to financial freedom and accepting this new innovation in online payment.

Yes cheers to a new journey and a new beginning for you. Just like you a lot of us have our reasons for being here. To make your journey in Bitcoin and even on this forum worthwhile you would have to read more than you post. The first goal for you should be to acquire as much knowledge as possible so that you can make great progress on your journey.

Do read and abide by the rules of the forum. The most important for me is never to plagiarized. Do not pass off someone's knowledge as yours. Give them some credits. It is their intellectual property.

inflation in your country's currency has made to see the reason to believe in Bitcoin through other people who are living well because they believe and embrace Bitcoin on time.  Op, you are welcome to this great forum, where you can learn Bitcoin's fundamentals, you can also do your research on Bitcoin.

The link below will help you with some Bitcoin-related books
https://bitcointalksearch.org/topic/some-books-we-need-to-read-5350541

Have it in mind never to store your Bitcoin on a centralized exchanqge like Binance, Gate.io, or Kucoin because you don't have access to the private key where you store your Bitcoin. You can store your Bitcoin in a wallet where you fully have 100% control of your Bitcoin, such as a non-custodial wallet like "Electrum wallet".

What exactly do you want to achieve? Want to learn about crypto? or want to invest or trade crypto to earn profits?
I'm sure this isn't the first time you've heard of crypto or Bitcoin that attracted you to the forum. If you want to learn everything, start gradually. Don't rush, you can get much information on the forum. But first, determine your goals in the forum and you can filter out some of the more important information.

welcome to the forum, maybe you will need more time to search and read. but that's the process. I hope you enjoy it.

Welcome to Bitcointalk forum mate, one of the best ever Bitcoin related discussions forum you will ever find, I am sure you will be happy to be here because you will get almost all the basic guide and knowledge you need about Bitcoin and cryptocurrency here.

 Learnmeabitcoin.com will elaborate and explain almost all the basic information about how Bitcoin works and some knowledge you will need to get started, because knowledge is very important, and considering Bitcoin is a digital currency, you need to have the basic knowledge to avoid some mistakes that might cause you to lose money.

The first question that comes to mind is: are you here to learn about Bitcoin so you will be able to making money through it? If yes, do you plan to buy and hold it for a profit or you have figured out other ways of making money from Bitcoin? If your plan is to learn to be able to buy, I will suggest you learn about the DCA method of accumulating Bitcoin
In conclusion, If you have the answers to these key questions, then your stay in this forum will be fruitful and you will cherish your the abundant information avialbel here free of charge. So, define your priorities well and have a plan on how to go about it.

Bitcoin and many other crypto like the stable coins are helping people in countries with inflation like Turkey, Venezuela and many countries in Africa and Asia. If you know that your government are devaluing your local currency, bitcoin and many other cryptocurrencies is what you can go for. Some people see it easy to buy stable coins as they buy some bitcoin but the best against inflation is bitcoin.

The advice that I have for you is to not leave your coins on those centralized exchanges and to protect your noncustodial wallet not to be hacked. If you want a well protected wallet, wallet on airgapped device would be good or buy a hardware wallet.

Hey! Welcome!

Good luck on your journey! The more you stay active the more good people you meet!

Cheers.

Tetaeridanus. ✨

I have always been confused about crypto currencies and how they work... how they are stabilised and regulated but with the present plight and constant devaluation of my country's currency, it's safe to say I need to learn, practice and own a safer landing, the banking systems are not helping with constant maintenance levies and network issues. I'm aware that there is no perfect place but anywhere with a more better solution is more preferable. Cheers to the beginning of a new journey.