Topic: Newbie Crypto Advice (Read 673 times)

I'm strongly suspicious about you OP cause in all your post on this forum you have been looking for someone to chat you up on your email even tho I assume that you should try to be security alert that some scammers could reply you and your reply here just would so ridiculous, a while ago you were looking for tips and now your saying that your happy you invested when you did and that was when before or after making this thread, I guess whatever purpose you aimed for been here did not work so a quick exit was your best choice, you didn't even say something reasonable to all the advice except I agree.

This is why it would really be always best that we should really be making our own methods and ways for us to deal up with the market rather than making yourself that being a fan on following someone.
In speaking about personal progress or development as a trader then you wont really be making out such movement just because you are really that too reliant into those people on which you shouldnt have done this thing
because you woudl really be able to experience those loses and you wont really be making yourself that a better trader. As a noob then learning would really be something a never ending.
Dont stop even if you are really that able to experience tons of loses because those are stepping stones on making yourself that way more better as a trader.

This is why it would really be always best on having that kind of adjustments and versatility on such condition because this is where people do really have those kind of mistakes on the time
that they would really be having that kind of challenges and they cant be able to bare up with the risks.

It is true that everyone has different investment plans and to be able to imitate other people's ways of making profits is not something that will probably work for us because what other people do will not necessarily be suitable for us to imitate and it would be very good for us to have knowledge about investment. and if other people give advice, we can still combine it with the knowledge we have so that it doesn't make the wrong decision in investing.

I agree with what you say, asking for advice from strangers is not the right choice for the investments we make and this concerns finances, it is possible that the people we invite will take advantage of this opportunity for their own benefit.

Most times it is not even good to seek for advice concerning investment from the general public because everyone has something to say about it even if they have no idea about what they are saying.  I think as one who have something in mind to invest, if you don't know much  about what you want to go into, it is important to try your best to make research to know more about it because inviting strange people to seek advice from them is dangerous,  some can even what they scam you.

I can't judge you for real, but your first appearance looks really suspicious, and anyone who read the op would probably think that you are just an altcoin or someone trying to catch some fun, because this is what most users post when it's an alt account. And I don't think at that age range learning about crypto would be very difficult, beside you could just stick to Bitcoin as it's a reputable coin and try keeping your identity and some useful personal information anonymous, because you never know who's watching you. Ensure to keep your seed phrase safe and written in paper our you could buy a hardware wallet.

We don't give financial advise here but all you have to do is to give you opinions on how you could make money from the crypto market but that should not be seen as financial advise. You would have to give yourself that financial advice after you have read several opinions here that suit your interest in how you could make money from the crypto market.

There are people who had taken a bold step before now seeing the price of Bitcoin at $61k now, deciding to buy Bitcoin when the price was still below $40k plus. We can see that the price of Bitcoin has gone with a huge momentum and that should not make you to invest in Bitcoin. You need to take that decision on your own and remember that the crypto market is very volatile and you could lose money if you invested in the wrong place.

But if you want to learn cryptocurrency at your age, you can still achieve the knowledge and it will make it easy for you to know quality wallet to download to store the coins of your choice because, there are some wallet you will use to store your BTC that will attract scammers to have way to your BTC and it will make you to feel bad about BTC investment and you will never allow people around you to invest in BTC again.

 That amount you want to use to invest in BTC is a big amount and, I will advise you to wait for bear season to come before you can invest the money because the bull season is on ground, which is the best season to accumulate profits.

Glad I invested when I did thank you guys for the help.

I agree

My first advice is for you to do enough research on the crypto space in general. After that make sure you choose a good exchange that will be beneficial to you as a newbie for example Bitget exchange introduces copy trading just to help newbies make profit. Make sure you know when to buy and when to sell, then you learn more as you move forward.

At that age, I don't think it's necessary to PM you privately. The advice you can read here in this section that you think is for the betterment of the money you get, the most correct and best for me, so you don't have to worry about trading, is to hold it for a few years or long-term, and all you buy is Bitcoin.

So that you don't have a headache, that's all you buy. No matter what others say, you should not try another cryptocurrency just in case you just focus on long-term Bitcoin investment.

Congratulations on your retirement, anyways I would advice you to be very careful with what you’re doing regarding crypto currency in particular. It’s good that you invest in crypto but you have to do a well grounded research before opting in for any crypto to invest in. Make sure you choose a good CEX for any investment you want to make.

It's great that you're considering cryptocurrency as a potential investment for your retirement. Given your age and the desire for simplicity, I'd recommend a conservative approach.

Firstly, it's important to understand that cryptocurrencies are highly volatile, so it's essential to prioritize stability over high returns. Bitcoin (BTC) and Ethereum (ETH) are considered relatively safer choices among cryptocurrencies.

For convenience and simplicity, you might consider a reputable crypto payment gateway like Coinremitter. https://coinremitter.com/?utm_source=rep&utm_medium=bitcointalks allows you to securely store and transact with your chosen cryptocurrencies. While I can't provide specific investment advice, you can use Coinremitter to manage your crypto assets easily, which can be a convenient way to navigate the crypto space without diving into its complexities.

However, it's crucial to diversify your investments. You might consider a mix of traditional assets like bonds and stocks alongside a small allocation to cryptocurrencies. A financial advisor can help tailor this to your specific needs and risk tolerance.

Lastly, be wary of potential scams and only use trusted services. Research thoroughly, and if you decide to contact Coinremitter, ensure that it's through official channels to avoid any fraudulent schemes.

Good luck with your investment journey, and I hope this advice helps you make informed decisions for your retirement.

In all things, safety must come first. The loss might be devastating if your private keys or seed phrases were leaked. This is the equivalent of putting your house keys under the doormat and expecting nothing to happen.

Here's where I might disagree with you though: while Bitcoin is undeniably a robust alternative, I feel we should be careful about adopting a one-coin strategy. Although it could pay off, putting all your eggs in one basket is risky business. Because of the sheer size and fluidity of the crypto space, firm conclusions cannot be made. Any discussion of relying exclusively on Bitcoin causes mental dissonance in me. Although Bitcoin has a track record of providing favourable returns, the cryptocurrency industry is dynamic and several altcoins hold substantial promise. The ability to think critically while remaining open to new ideas is essential. The crypto path includes this tango with ambiguity.

We have to be careful how we exposed ourselves on the internet, we have different kind of individuals who're scammers looking for their next victims and if we don't protect ourselves we'll become the victims. We have to stop bragging online and when we want to ask questions, we don't have to be direct with how much we want to invest. This same question could have been asked in a different manner without having to expose how much we want to invest.

At this point the act has already be done, you have to protect yourself because scammers will be coming for your money in your DM and if you posted other ways to contact you on the forum like your email, social media, ignore investment advice coming in from there.

Since you are Newbie you don't have much knowledge about crypto. And the way you seek help can put you in danger at any time. Because your amount of money is definitely high, many scammers can advise you to invest in different ways. I think you should first gather basic knowledge about cryptocurrency and then you can prepare for investment. But even if you are more motivated to invest then you can decide to invest in Bitcoin. I would never recommend to take risk investing in any other coin.

I would recommend you to invest half of your money into Bitcoin but before investing into it you should learn more about Bitcoin investment and how one can securely buy and hold his/her coins without any problems. I have seen many people who invested in Bitcoin without any proper knowledge about Bitcoin wallets or I must say cold wallets, and in the process those people had to face huge losses because of their own inpatient nature.

If you truly want to have a better investment for your future then you should go with Bitcoin only, and never ever invest in a alternative coin if you want to be on the safe side. As a simple rule, you must first get yourself educated about Bitcoin investment so that you may never face any hard times like those people who invested in it without properly getting educated about it.

I recommend you to learn about Bitcoin wallets, and also about private keys, seed phrases, and finally about the steps to secure your wallet from any known vulnerabilities of operating system software or human error. In order to do that you must have to begin with a very low amount of investment just for learning the wallets and all those other things.

I recommend you to begin with just $10 investment for the sake of learning and mastering those software based wallets, and other functions of a Bitcoin wallet like privacy of your private key and seed phrase so that no malicious person can ever be able to transfer the funds from your wallet to their own wallets.

Knowledge about Bitcoin investment is a necessary thing and that's why you must learn about it properly and once you are sure that you have enough knowledge about Bitcoin and the wallets then and only then you should invest your money in Bitcoin and secure your asset in a cold wallet. A cold wallet is simply a software wallet that isn't connected to internet. You should learn those things first, and I hope that your investment will give you better rewards in future. Best of luck.

It would be completely wrong for you to do so. Because you are looking to invest based on the advice of a stranger. Now what do you do if that person is a scammer and you lost your money by investing in the wrong place as he said? It's time for you to retire, and have you ever thought how difficult your situation would be if your hard-earned money is lost due to misplaced investments before retirement? But one suggestion I can give you is to invest in Bitcoin, which is the best choice of every investor. You can invest in Bitcoin. It can benefit you a lot. Because the price of Bitcoin will start to increase in a few days. And it will become the new ATH. But don't invest in Bitcoin just based on my words. Because all investments have risky. Do yourself some research about investing in Bitcoin and then invest. This will reduce the risk of your investment.

When we are specifying about our investments and ask others for their advice be careful we are also summoning hackers and scammers your dm or email with those fake investment plans giving you best deals which you may find attractive but in the end you will loose money that you plan to save for your retirement.You should invest based on your wisdom not asking directly where to invest as this is risky market so you need to be extra careful.

To make profit from crypto we always need to look in the right direction. If we don't look in the right direction then it will be very difficult for us to make profit in crypto. But I think to trade or invest we need to know and understand this direction well.  Yes. But I don't know if one can ever make a profit if he trades with a wrong decision. But I think wrong decision will bring great danger for us.