Topic: Some tips for newbies in cryptocurrency (Read 956 times)
thank you for good advice.
thats a good idea , do you have a list of alt coin ?
There is a list of most / all cryptocurrencies over here:
https://bitcointalksearch.org/topic/list-of-all-cryptocoins-134179
Skelephtna
There is a list of most / all cryptocurrencies over here:
https://bitcointalksearch.org/topic/list-of-all-cryptocoins-134179
Skelephtna
Some tips after two years of bitcoin study, and working in financial services:
- speculate: in everything you do in cryptocurrency, do it for speculating. If you won't do other will do for you. There is no ethic in Crypto curr. who says different is liar
-mining: mining has absolutely no sense if you don't do professionally. Many persons I knew started to do it with small hw, at the end they never reached the minimum threshold for withdrawing (eg: on coinnotron)
-time: spend a lot of time on it. the trends are terribly fast and you risk to lose a big gain because you haven't followed the wave
-risks: remember there will be two risks always on cryptocurrency:
1) bug in algorithm (not async key but in the implementation inside the ctyptocurrency solution)
2) fed, cia, fbi.. became angry and destroy the network with 50%+1 methods (as sees it's enough much less).
until now fed seems to approve crypto currency
these, if they happened, will destroy in short time your investment. So again spend time to follow the news
- new crypto: try to follow new crypto currency, when they start should be cheap. probably you will lose 80% of investment, but remaining 20% will repay richly
- invest only what you can lose
- and ... never trust enough , finance has no soul
Stefano
- speculate: in everything you do in cryptocurrency, do it for speculating. If you won't do other will do for you. There is no ethic in Crypto curr. who says different is liar
-mining: mining has absolutely no sense if you don't do professionally. Many persons I knew started to do it with small hw, at the end they never reached the minimum threshold for withdrawing (eg: on coinnotron)
-time: spend a lot of time on it. the trends are terribly fast and you risk to lose a big gain because you haven't followed the wave
-risks: remember there will be two risks always on cryptocurrency:
1) bug in algorithm (not async key but in the implementation inside the ctyptocurrency solution)
2) fed, cia, fbi.. became angry and destroy the network with 50%+1 methods (as sees it's enough much less).
until now fed seems to approve crypto currency
these, if they happened, will destroy in short time your investment. So again spend time to follow the news
- new crypto: try to follow new crypto currency, when they start should be cheap. probably you will lose 80% of investment, but remaining 20% will repay richly
- invest only what you can lose
- and ... never trust enough , finance has no soul
Stefano
i am keeping 100 coin of each alt coin and just leave them there
Am wondering the same thing as the poster above me. Also, for example, is novacoin wallet just as safe as bitcoin wallet?
How safe ist dowloading the official programms for altcoins (bitcoins, megacoins, litecoins and the like?? Could anyone, for instance, access my bank activity through them?
Some tips after two years of bitcoin study, and working in financial services:
- speculate: in everything you do in cryptocurrency, do it for speculating. If you won't do other will do for you. There is no ethic in Crypto curr. who says different is liar
-mining: mining has absolutely no sense if you don't do professionally. Many persons I knew started to do it with small hw, at the end they never reached the minimum threshold for withdrawing (eg: on coinnotron)
-time: spend a lot of time on it. the trends are terribly fast and you risk to lose a big gain because you haven't followed the wave
-risks: remember there will be two risks always on cryptocurrency:
1) bug in algorithm (not async key but in the implementation inside the ctyptocurrency solution)
2) fed, cia, fbi.. became angry and destroy the network with 50%+1 methods (as sees it's enough much less).
until now fed seems to approve crypto currency
these, if they happened, will destroy in short time your investment. So again spend time to follow the news
- new crypto: try to follow new crypto currency, when they start should be cheap. probably you will lose 80% of investment, but remaining 20% will repay richly
- invest only what you can lose
- and ... never trust enough , finance has no soul
Stefano
- speculate: in everything you do in cryptocurrency, do it for speculating. If you won't do other will do for you. There is no ethic in Crypto curr. who says different is liar
-mining: mining has absolutely no sense if you don't do professionally. Many persons I knew started to do it with small hw, at the end they never reached the minimum threshold for withdrawing (eg: on coinnotron)
-time: spend a lot of time on it. the trends are terribly fast and you risk to lose a big gain because you haven't followed the wave
-risks: remember there will be two risks always on cryptocurrency:
1) bug in algorithm (not async key but in the implementation inside the ctyptocurrency solution)
2) fed, cia, fbi.. became angry and destroy the network with 50%+1 methods (as sees it's enough much less).
until now fed seems to approve crypto currency
these, if they happened, will destroy in short time your investment. So again spend time to follow the news
- new crypto: try to follow new crypto currency, when they start should be cheap. probably you will lose 80% of investment, but remaining 20% will repay richly
- invest only what you can lose
- and ... never trust enough , finance has no soul
Stefano
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