Topic: New to BTC, and overwhelmed - page 2. (Read 927 times)

Thanks for the replies everyone.  I have been reading and watching some videos on YouTube.  Trying to take in as much as I can.

First of all, welcome to the world of crypto bro!

Since you are a beginner, perhaps you can browse and read threads and specific posts here https://bitcointalk.org/index.php?board=39.0. This is Beginners & Help, just under Other section.

This thread is specially made for beginners like you. It is of great help. I also spent a lot of time there when I was starting here.

A good place to start is on Youtube, you'll find a lot of video's explaining Bitcoin and all other crypto currencies.
One specific channel that I follow is called 'The cryptoverse', he talks about Bitcoin and altcoins and whatever is in the news regarding crypto.

Check it out here:
https://www.youtube.com/channel/UCLnQ34ZBSjy2JQjeRudFEDw

You are on the right track. Buying and holding is hands down the best safe way to make big profit with Bitcoin/crypto.

As for your other questions, I will do my best to give a brief, simple explanation for you.

All of the brands you mentioned offer a different "spin" on Bitcoin technology. They have their own unique features, but none of them are as popular as Bitcoin.

ICOs are not currencies. ICO stands for "Initial Coin Offering" which means a  company is selling their own cryptocoin. Sometimes you can make good money buying ICOs and other times they are complete scams. As you are  abeginner, I would not recommend it.

By the way, ICOs are generally hosted on the Ethereum network. What is it? Ethereum is made by Microsoft. They are highly reputable and their platform allows anyone to make their own "token", similar to a cryptocurrency. You can sell this token to provide a service, which is what ICOs are for.

Going forward, I would not suggest buying BTC from ATMs. They have higher fees. You can get it from Coinbase or exchanges for cheaper, or purse.io.

Finally, in the past week there has been tons of drama which I will not get into. Long story short - the US gov. is cracking down on crypto now, so be very weary where you deposit your Bitcoins... make sure only you control your private keys.

Noone knows how long the volatility will last. I think the rest of 2017 will be highly volatile due to all these changes, the hardfork/segwit/then 2x . Some do jump right in, it all depends on your risk tolerance. Personally I when  i go in, I go in gradually and not at one go. That helps in understanding some of these platforms before you have put in a lot of money.

Delicate time to join bitcoin world. the chain just split and even some people with a bit of experience in crypto are getting confused, much more for a newbie. There are great reads in the beginners section of the forum, I advise you read even if you are not too much into reading. It is the best way to learn crypto.

Awesome links.  Thanks everyone! 

Start with this
https://www.youtube.com/watch?v=bBC-nXj3Ng4

also this thread about creating great passwords.

https://bitcointalksearch.org/topic/m.18152557

Thanks for the links!

thoughts on how long volatility might last?
or what kind of things might suggest less volatility on the horizon?

Hi, you can find many good tips and help as beginner in bitcoin world and about other cryptocurrencies. Here https://bitcointalk.org/index.php?board=39.0
As newbie this section could be very interesting for you, just to get a common insight of bitcointalk, functions, rules and all you need to get a good start.

Thank you.  I'm going to kick back and keep an eye on things for a couple of weeks.  Then I will wait for a good time to jump in a a couple of currencies when/if they drop in price some. 

Welcome to the world of crypocurrency. If I were you, I wouldnt be making any purchases this week. There's a possibility of a lot of volatility. Take this time to watch as many YouTube videos and read as many white papers(I know it sucks) as you can. Cryptos are here to stay, there is no rush. Go to Coin Market Cap and look into the top 10 initially, then top 20. Go to their websites.

Didn't see an introduction section here.  

Bought some bitcoin at an ATM a few days ago.  Currently keeping it in breadwallet.  I have also signed up for bitstamp so maybe I can purchase alt coins online now.  

There is so much to learn, and I'm not really sure where to start.  I'm seeing Ripple, Waves, Ethereum, ICO's, etc.  Is there anywhere a newb can go to learn about all of these currencies?  Videos?  (reading sucks lol)

Any good places to watch prices?  I'd like to buy at least $200 of coins per month.

I'm in this to invest over a long period of time.  A friend at work turned me on to all of this.  He is using Exodus on his pc for a wallet.  I used breadwallet because working from my iPhone is easier sometimes.  

Anyways, glad to be here and to join this awesome community!