Topic: SIMPLE INFO FOR NEWBIE BEFORE TRADING IN THE WORLD CRYPTOCURRENCY (Read 319 times)
I think you forgot to mention about hardware wallets which is the most secured option for keeping your cryptos safe. MEW is only for ALTcoins so, there are limitations and there has been news of coins disappearing on MEW in recent times. So, I think it's better to spend some money and get a hardware wallet to keep your hard earned coins safe. Otherwise, it's a very good read for the newbies. Thanks for helping the community.
August 11, 2018, 03:19:25 PM
I think newbies will find these information very useful as most of them get confused about how to start with cryptocurrencies. However, I would like to add something along with your post, which is the safety of hardware wallet. New users should always try to secure their wallets so that their hard earned money doesn't get stolen. Some hardware wallets are Trezor, Ledger Nano etc.
July 31, 2018, 01:37:36 PM
Anyone new and still getting to know this platform will find great help from the information provided here. Safety of hardware wallets should also be taken into consideration here, as most of the newbies get confused and hence are mislead with the wrong choices of investment.
July 31, 2018, 07:54:13 AM
There are certain rules and guidelines that every member needs to read before they join any forums or blogs. This will save them from getting banned and they will be able to know what is expected from them in the forums.
July 31, 2018, 05:40:06 AM
I would also add that it is important to know the technical details of many cryptocurrencies. they quickly allow you to distinguish many false ideas from good ones
July 31, 2018, 04:29:04 AM
Very good piece of information and steps to follow for newbies and this can really help them in the crypto community but myetherewallet is not a bitcoin wallet, it is meant for altcoin. Before you send your funds into any wallet or exchange take time to be sure that it is the appropriate one for the token so you won't lose your funds.
July 31, 2018, 04:04:57 AM
If you do well in crypto, there is no alternative to complying with your information. I think if someone compromises your information, then he will definitely do well. As new as he is, his future will be good.
July 30, 2018, 03:33:24 PM
I suggest you, before invest on this market you can research about this industry. Because you need to know which project is suitable for you. But in recent time everyone wants to invest on bitcoin, ethereum and ripple also.
July 30, 2018, 02:19:02 PM
You have given some really useful tips and what I would like to add is gather knowledge about crypto as much as you can before investing. This will help you in choosing the potential coins. And you should not panic at small thing and will have to really patient while dealing.
July 30, 2018, 01:49:46 PM
This is so useful and informative post I have to say. I totally agree that crypto currency market is volatile so people should consider mitigating risks, hedging, and should not go long with all their investable funds.
July 30, 2018, 12:59:15 PM
A very beneficial post it is indeed. It helps me learning so many things so thanks a lot. Yes I think a beginner should start by choosing a company with a good reputation that offers an exchange and wallet.
July 30, 2018, 12:52:26 PM
skills in analyzing very many theories that need to be learned and this needs enough information in the future price and for newbie better not directly jump in investment degan way trading or join the ICO because this is very vulnerable better learn first in a few months and start with a capital that is not too much and last prepare mentally
July 30, 2018, 12:32:37 PM
Your information for beginners is very helpful. I think the newcomers should follow these information. Although Bitcoin is potential and profitable, it requires enough knowledge and skills. Skills and knowledge will separate you from others.
July 30, 2018, 12:24:36 PM
thanks for the information, as a beginner we do have to be careful and more observant to see all aspects that exist about bitcoin
July 30, 2018, 12:12:45 PM
Great that should be effective for newbie if the information are reliable. There are many newbie entered crypto world daily. So if they get support they will gain more interest about crypto world.
July 30, 2018, 10:02:12 AM
In modern times to Melineal like nowadays a lot of newcomers who want to try to look for accountability in the world of Bitcoin (Cryptocurrency). This is because the price of bitcoin yag increasingly soared so high that it can be used as future investment. So it would be nice as a beginner we pay attention to some things before starting Trading in Cryptocurrency world.
1. After creating an account at https://bitcointalk.org and creating an onlie wallet at https://www.myetherwallet.com (often used) then do not forget to note the important things that are in account and wallet like Paswod, Privat key , email and more.
2. We should use more personal money. Do not use money for daily needs, this is because many unexpected risks in Cryptocurrency World, or can also find capital in advance by following Project Bounty, Airdrop etc.
3. Recognize the art and style of Bitcoin trading. Use technical analysis and fundamental techniques such as emotional control, the right decision to buy and sell assets owned. Do not be a trader who just speculate just because Cryptocurrency world has no clear market share rules.
4. Note the difference in price on each market to avoid excessive costs in order to take profit.
5. Recognize, understand and find out data data with whom you will transact. Remember, don't let us become victims!
6. Do research in detail before participating in any projeck.
hopefully useful for us all. greetings newbie.
1. After creating an account at https://bitcointalk.org and creating an onlie wallet at https://www.myetherwallet.com (often used) then do not forget to note the important things that are in account and wallet like Paswod, Privat key , email and more.
2. We should use more personal money. Do not use money for daily needs, this is because many unexpected risks in Cryptocurrency World, or can also find capital in advance by following Project Bounty, Airdrop etc.
3. Recognize the art and style of Bitcoin trading. Use technical analysis and fundamental techniques such as emotional control, the right decision to buy and sell assets owned. Do not be a trader who just speculate just because Cryptocurrency world has no clear market share rules.
4. Note the difference in price on each market to avoid excessive costs in order to take profit.
5. Recognize, understand and find out data data with whom you will transact. Remember, don't let us become victims!
6. Do research in detail before participating in any projeck.
hopefully useful for us all. greetings newbie.
For a newbie it's not recommended for spending money for trading because it just can make your money gone.
Trading need experience and a lot of technical analysis for safety.
So, if you're a newbie.. just learn much things in this forum and other websites
July 30, 2018, 10:00:04 AM
Newbie’s feel’s very confused sometimes about some topics like these. This kind of post always helps the newbie’s by information . But if information are wrong that’s definitely felt some bad effects.
I suggest that dont depends on just one information, search for many reliable source, for you to know and understand it carefully. But they will really know it when they try it, if they succeed then they'll be happy, and if they fail they'll be wise. Because failure will not just give you bad outcome, it may help you to really understand the things you fail, and it will make you wise on that thing, and i'm sure that someday you'll be successful because of that. July 30, 2018, 09:52:42 AM
Thank you for the support and advice, I appreciate it, a newbie like need more information about crypto and how it works, sometimes we are making a decision without any information.
July 30, 2018, 09:36:56 AM
In addition to what the posted said,we should remember that the price of bitcoin does not necessarily follow technical analysis. So be extremely cautious when trading. I would advice you open a demo account t with one if the numerous forex traders who trade crypto and demo trade for at least three months before venturing with real money. I speak from experience after having lost huge sums of money to inexperience,impatience and indiscipline.
Why do you say Bitcoin doesn't follow technical analysis , then that shows you have not really understand the Bitcoin market , it can only be manipulate but will definitely follow technical analysis, because if it doesn't then we should not see the down trend we have now or we should have gone back to the ATH but if you study the trend then you will see that technically those need to happen and it does even now we might spend some years before we see new ATH base on technical analysis . July 30, 2018, 08:57:01 AM
For all the newbies in cryopto world this article is truly very useful. I too think before going for any future investment in crypto market people have to research pros and cons about their project.
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