New to Crypto, Any Advice? - page 12.

matanglawin

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The Organic Growth Token

Quote from: grey_golf on March 04, 2018, 10:50:55 AM

Hello, Im new to the Crypto world and wanted to hear some advice from the pro's on where to start. i havnt purchased any coins yet, but i have been using coinpot and various faucets. I was wondering if i should keep going with this or is it a waste of my time. Also they say theres no fee for converting coins, but i dont get the same conversion rate as i do on the coinmarketcap calculator. Basically id like to hear from the professionals maybe a strategy for really small trades, or that this is a waste of time and buy some coins with my hard earned money and go from there lol. and if thats the case, where to go. im in Canada by the way, if that helps.

Thanks for any help you can offer me. I hope to get more active in the forums and meet great/smart people along the way

Matt

Investing would be a good start. Choose a cryptocurrency that you think will be worth holding for a long period of time such as Bitcoin. Also, be awared of the risks involved with cryptos particularly wiyh the natural volatility in the market which sometimes result into loss of profit. Also consider being payient with things becauze profit won't come in an instant in cryptos.

Pearls Before Swine

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Activity: 1190

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You've probably got a little more used to crypto in the month since you posted here, OP but I am going to suggest you retain a healthy sense of apprehension, especially on bitcointalk. There are scammers and otherwise dishonest people lurking in every corner here and it can be very easy to lose your money if you're not paying attention or if you take people at face value.

Stay away from the ICO's in the altcoin section is another thing. Most of the projects are going to go nowhere and are being run by some extremely shady people.

Faucets can be fun when you're starting out, but you should know that they're a huge waste of time. The amount of bitcoin you can earn by doing them is extremely small and you would be better off joining a bounty or buying bitcoin with your real life earnings.

pletnevihor

newbie

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Bitcoin's protocol and software are publicly available, and any developer from anywhere in the world can familiarize themselves with the text of the program or make their personal modified version of Bitcoin software.

kpcian

hero member

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if you are a new comer in this platform then you have to take every step very carefully otherwise you may face a lot of problem. So you must read writing regarding this platform. Not only that but also you will find a lot of papers related to this block chain system. At first, you have to choose your way in a specific way then you could find a profitable platform.
I think saving is the best policy at a initial stage like Bitcoin or Ethereum saving. if you can then certainly you will get a lot of profit in the future.

grey_golf

newbie

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Merit: 0

Quote from: btcprospecter on March 04, 2018, 05:06:43 PM

Everyone has to start somewhere.
Faucets in my opinion are a waste of time and effort, you do get small amounts but compared to the amount you may of earned a couple of years ago. Saying that tho small amounts you get now could increase in years to come.

It could be a good idea to maybe look into buying btc from the likes of coinbase and signing up to bittrex cryptopia or other exchanges.

Really it all depends on how much you are willing to invest it's not like you have to buy a full btc. Have you thought of mining and trading what you mine?

you mean GPU mining or cloud mining? i dont want to waste electricity so GPU mining is prob out of the question. I have looking into buying 5 year and 24 hour contracts Cloud SHA-256 4.0 on eobot.com, but it doesnt look profitable. any thoughts?

jseverson

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Quote from: liseff3 on March 04, 2018, 12:45:33 PM

John McAfee is better than FUD. So far McAfee's predictions have a lot of truth although sometimes his post is slightly less logical but at least he was able to lead a more positive opinion for the growth of crypto.

He does bring good publicity, but the more people trust him, the more sway he will have on the market. The people he brings in, he can also bring out. He's only saying good things about crypto until he doesn't. Take his crypto recommendations, for example. They only received relevance because of him, and the moment he withdraws his recommendation, he removes the only reason why people invested in the first place. You're at his mercy if you follow him to the letter, basically.

Quote from: Zackgeno96 on March 04, 2018, 02:10:01 PM

Don't follow McAfee, many people have already lost their money on many occasions.

https://motherboard.vice.com/en_us/article/9knnpz/john-mcafee-twitter-coin-of-the-day-cryptocurrency-markets

Its better to have your own research before investing into any coins.

Yup, I was just saying that there is a pattern between his recommendations and price rises, and a newbie could take advantage of this by making a quick buck. I wouldn't recommend HODLing; it's likely best to dump as soon as you get some profit.

sirenmoon

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Activity: 121

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Quote from: Nakakapagpabagabag on March 04, 2018, 05:24:49 PM

I'm not pro when it comes to trading, My advice to you is to start at the beginning. Here in the forum there are many opportunities, you can use your hidden talents. If you know how to make a signature you can apply it here. If you are an expert in translating English into your language you can apply here. By that you can earn altcoins you can use as a starting point in trading.

Well said! If you have certain skills in the field of programming you could earn very well by offering your skill on the market. The signature campaigns are way much better in comparison to the faucets which are waste of the time. Best thing would be if the money is earned through your own investing in the market. This way you can gain a nice amount of the profit if you have collected required knowledge about the cryptos. There are many ways of obtaining the crypto to your wallets you should just find the best way that suits your skills and time.

djselery

legendary

Activity: 1386

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Working with faucets is useless nowadays, they give out very small amounts and require hard work and waste a lot of time. Firstly you have to learn more about crypto currencies, and this forum can help you really to get this needed knowledge. Stay active and try to rank up your account in this forum and you will find many opportunities to earn BTC and altcoins with small work here (compared to faucets).

Nakakapagpabagabag

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Activity: 350

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BITDEPOSITARY - Make ICO's , More Secure

I'm not pro when it comes to trading, My advice to you is to start at the beginning. Here in the forum there are many opportunities, you can use your hidden talents. If you know how to make a signature you can apply it here. If you are an expert in translating English into your language you can apply here. By that you can earn altcoins you can use as a starting point in trading.

Lieldoryn

sr. member

Activity: 630

Merit: 272

You may not waste time on faucets. It's no use. I recommend that you thoroughly study the topic of bitcoins. You can use information from Google, chat here on the forum. You can earn a small amount on the forum, but it is only a bonus for you. You will need to buy coins and trade on the stock exchange. When you have experience it is not difficult. The most important thing in crypto-Economics is knowledge and desire to work.

btcprospecter

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★777Coin.com★ Fun BTC Casino!

Everyone has to start somewhere.
Faucets in my opinion are a waste of time and effort, you do get small amounts but compared to the amount you may of earned a couple of years ago. Saying that tho small amounts you get now could increase in years to come.

It could be a good idea to maybe look into buying btc from the likes of coinbase and signing up to bittrex cryptopia or other exchanges.

Really it all depends on how much you are willing to invest it's not like you have to buy a full btc. Have you thought of mining and trading what you mine?

Karavadinos

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Activity: 74

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IOS - The secure, scalable blockchain

Quote from: grey_golf on March 04, 2018, 10:50:55 AM

Hello, Im new to the Crypto world and wanted to hear some advice from the pro's on where to start. i havnt purchased any coins yet, but i have been using coinpot and various faucets. I was wondering if i should keep going with this or is it a waste of my time. Also they say theres no fee for converting coins, but i dont get the same conversion rate as i do on the coinmarketcap calculator. Basically id like to hear from the professionals maybe a strategy for really small trades, or that this is a waste of time and buy some coins with my hard earned money and go from there lol. and if thats the case, where to go. im in Canada by the way, if that helps.

Thanks for any help you can offer me. I hope to get more active in the forums and meet great/smart people along the way

Matt

Faucets are not profitable at all and they are just a waste of time, they give a small amount of money comparing to what they earn from you opening their sites, the best ways to earn cryptos especially bitcoin is to simple use your skills if you have ones such as designing or writing to get hired and paid with bitcoin, or buy and hold which i don't recommend it because it is a way risky, otherwise you can work in signature campaign then you will be able to gain bitcoin and knowledge as well.

longwintershere

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Activity: 224

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“Revolutionizing Brokerage of Personal Data”

Quote from: grey_golf on March 04, 2018, 10:50:55 AM

Hello, Im new to the Crypto world and wanted to hear some advice from the pro's on where to start. i havnt purchased any coins yet, but i have been using coinpot and various faucets. I was wondering if i should keep going with this or is it a waste of my time. Also they say theres no fee for converting coins, but i dont get the same conversion rate as i do on the coinmarketcap calculator. Basically id like to hear from the professionals maybe a strategy for really small trades, or that this is a waste of time and buy some coins with my hard earned money and go from there lol. and if thats the case, where to go. im in Canada by the way, if that helps.

Thanks for any help you can offer me. I hope to get more active in the forums and meet great/smart people along the way

Matt

airdrops are mostly waste of time. Investments in the projects you consider to have the most of the potential makes sense to me. But then make sure to brace yoruself for a good ride

MakeMoneyBtc

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Activity: 1092

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First of all I want to say that ,from my opinion, faucets are just a waist of time because you spend a few hours everyday for just a few bucks wich is horrible and I think you can do other useful things in that time. Personally I dont know very much about trading but I know that a lot of people make great profit from it, but in the same time it is pretty risky if you do the wrong things.

I would say it is a good thing for the beginning to just buy some coins from your money and learn more about bitcoin. Keep in mind that there are fees when you exchange bitcoin into cash or vice versa when you buy bitcoin with cash because nothing is free. You could fins persons that sell you bitcoins with no fee but you still have to pay fees for bitcoin transactions.

boltz

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Don't be rushy to buy cryptos that's the first thing you must learn here and always trust your researchies. Another advice would be to never invest what you cannot afford to loose.

koincik

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★Bitvest.io★ Play Plinko or Invest!

Unfortunately, no one in crypto money market can give any serious advice to anyone. Because the market really is not very stable. My recommendation is not to rush as you make your decision and remember that while the price of Bitcoin rises both as it goes down, almost all of the altcoin lose value. You should not forget that you can always fall to the bottom, and you can go on top. Crypto money can always lose more value. If you do not have an idea on this topic, you can look at the charts of altcoin between March of this year and March of this year.

Rodon

newbie

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Well, my main advise would be: don't do anything without learning a lot about Bitcoin before. And also, never forget to invest only money that you can afford to lose.

lillyann

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Some say that trade is a form of gambling. While these two things have something in common, at the same time, they are very different. While gambling, there is a certain likelihood of both winning and failing. However, when you trade assets, it becomes much more complicated. That's why this point will help you understand how to earn Bitcoins through trading.

The simplest method in this case is arbitration, the concept of which is very simple. We buy on a given exchange rate on one stock exchange and immediately sell on the other at a higher price. However, you should make sure that we can sell the asset immediately at a certain price. If it fails, then talk about speculation. In this case, you can buy a cryptocurrency and then wait until its price increases so that you can earn Bitcoins.

Rana590

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I think you should avoid the faucet. It is waste of time. You can purchase some good potential coin. Don't buy dead or inactive coin. Try to know about coinmarketcap as you are new on it.

Games.Bitcoin

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Tontogether | Save Smart & Win Big

There are a few method's for buying crypto, the one I advocate is buying a set amount monthly, use only what you can spare from your personal budget and buy that much monthly for the most part you should be able to make decent savings and ROI.

Topic: New to Crypto, Any Advice? - page 12. (Read 2386 times)