Cryptocurrency is a digital asset that is used as a medium of exchange that is used to send or receive internationally without a third party influence Bitcoin is a peer to peer network and is the first cryptocurrency .We should be careful in investing in Bitcoin we must not invest all that we have since there is a chance for losing .The depreciation may increase with a great rebound for long run investment is a good idea .
When we have Bitcoin, we must be prepared to accept the risk. price decline is indeed an issue that can cause us to suffer losses, besides that we also have to be able to save Bitcoin security access very well. Things like that can cause us to lose the Bitcoin we have. 
Topic: Something newbies should know about Bitcoin - page 4. (Read 1175 times)
Indeed, beginners in 2017/2018 think they will get rich quick because the media at that time reported that bitcoin has increased many times. But I think now they have understood how crypto works, and they are beginning to understand to be more interested in investing.
What media described by the days of 2017 is getting repeated. I haven't seen media describing that there will be growth with bitcoin continously. I have come across media stating bitcoin and other cryptocurrencies as a source for illegal activities and media always portrayed the negative part of bitcoin. Beginners should not get to it, they need to analyze well and further get into it. hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
The most important thing that every trader (not only newbies) should have is knowledge or information related to the market. By learning more lesson or read about the analysis, they can be able to trade bitcoin or the other coin. When they can get much information from many sources, they can prevent from making a mistake, and of course, they can be able to make a profit. But somehow, although they are already learning many lessons, some of them still get panic especially if the market get dump in the next hour and cannot think about hold the coin and they prefer to sell instant because they don't want to get a lose.
Not only newbies, every user at the beginning could have two forms of understanding about bitcoin. One is that bitcoin is a get rich scheme. Next thing is that bitcoin is a asset used for all form of illegal needs. Very few understand it in the right way and make use of it. Newbies need to go through the forum before making an investment, because scammers with more and more attractive scam multiplier schemes roam targeting newbies.
..i am once a newbie..new in crypto since 2017..base on experience..I also aim to become rich quickly..i have witness the rapidly quick of Bitcoin price value that reach its peak in the end of 2017..but as a newbie,i did not invested too much in buying Bitcoin which I am regreting that time,,thoughts come into my mind that "if I buy and invested in Bitcoin when its price is low,then probably I am rich now",,but as days passed by,,there is a continous downfall of Bitcoin price which made me think again that if I invested and buy Bitcoin when the price is high,i might have regret again because i lost half of my money..
..this is an important message not for newbie but for all of us that we should have to learn the very basic why does bitcoin created and how does this will work in the duture and how it will going ti help us..
..this is an important message not for newbie but for all of us that we should have to learn the very basic why does bitcoin created and how does this will work in the duture and how it will going ti help us..
Well this is a nice post, I myself didn't even read about what happen and why was this system invented. It is very much fortunate of us that such people had in their minds, the system that brought bitcoin because it did help so many lives. I think it is much better to see the whole event in a documentary.
There is an important reason from the invented of the blockchain and bitcoin itself. freedom in finance is fought so that the government does not exercise control that removes freedom from its owners. so for holders you don't need to hesitate. this is the technology of the future, the price will definitely rise
Well this is a nice post, I myself didn't even read about what happen and why was this system invented. It is very much fortunate of us that such people had in their minds, the system that brought bitcoin because it did help so many lives. I think it is much better to see the whole event in a documentary.
There is an important reason from the invented of the blockchain and bitcoin itself. freedom in finance is fought so that the government does not exercise control that removes freedom from its owners. so for holders you don't need to hesitate. this is the technology of the future, the price will definitely rise
The problem with this is that most people walk around like donkeys with flaps at the side of their face. The government put the flaps there with Fiat currencies, for them not to see the financial "freedom" that we have come to see with the introduction of Bitcoin. It is our responsibility to share Bitcoin with those stubborn donkeys and to steer them into a new direction. 
You do not know what financial freedom means, until it is taken away. 
You do not know what financial freedom means, until it is taken away.
Indeed, it's kind of ironic when we see most of the cryptocurrencies user doesn't care about their own privacy and anonymity. I mean they didn't get the point about cryptocurrency, and still dependent on centralized entities. A lot of people are giving away their identity only to participate in ICO or bounty.
This is something that cannot be avoided. For mass adoption to be a reality there will be some degree of centralization in order to make people lazy about learning be able to use Bitcoin easily with no more risks than fiat currencies have.
I do care until a certain point. The rest, from my point of view is being realistic about the future of Bitcoin and the elements that will make mass adoption possible.
In my perspective, I do care about privacy and somewhere else privacy. And telling/educating them the truth is worthy. I urge them to know how privacy important to themselves, and why we should not give away our identity for any centralized entities.
I found this on Twitter, and thought it might be good to share. Every newbie on 2017 - 2018 who came to Bitcoin to invest, who are now holding with a loss, should know that you are here, unknowingly, to be in a revolution.
Yes, because most beginners are more likely to focus solely on the benefits, so they forget where they are standing and don't know where they are?.
Along with the development of technology, I think this revolution will continue to develop and be sustainable and bitcoin will most likely find its new golden age, where massive adoption takes place so that the government will not be able to control it.
Do not sell, buy the dip, and HOLD.
Only this's the best strategy for now and at the same time can be used as capital for success for the future.
No one shares a detailed analysis for free on social media. I have seen these publications which mainly serve to the pocket of the guy who talks loudly on twitter and facebook. Having own method and working for yourself can be better choice than asking from others on social media.
The better way to put it is; no one who's legit a skilled trader making enough profit wastes his time on social media posting all day and charging money for signals and courses.
Self awareness is what people are lacking here. If you suck at trading, aren't really interested in investing time into understanding technical analysis, then don't trade. Paying someone for shitty signals every clown here can come up with is the worst thing you can do. Flipping a coin at least provides fair 50/50 chances of winning, which signals can't provide.
If you thought this was bad, then wait for the next wave of adoption, these people will be way worse than the baboons we're dealing with right now.
Indeed, it's kind of ironic when we see most of the cryptocurrencies user doesn't care about their own privacy and anonymity. I mean they didn't get the point about cryptocurrency, and still dependent on centralized entities. A lot of people are giving away their identity only to participate in ICO or bounty.
This is something that cannot be avoided. For mass adoption to be a reality there will be some degree of centralization in order to make people lazy about learning be able to use Bitcoin easily with no more risks than fiat currencies have.
I do care until a certain point. The rest, from my point of view is being realistic about the future of Bitcoin and the elements that will make mass adoption possible.
Cryptocurrency is a great way to earn profit with trading but it has more risk than ordinary stock trading.
When I knew crypto, I'm less interest on it until I found the way how to earn bitcoin with free.
From that time, I know that crypto may become potential investment in the future and yes , it's proven !
I'm glad that I'm hold some of them until now !
When I knew crypto, I'm less interest on it until I found the way how to earn bitcoin with free.
From that time, I know that crypto may become potential investment in the future and yes , it's proven !
I'm glad that I'm hold some of them until now !
Yes, though let's admit that not all would be proud to be a part of the said 'revolution' as those newbies who came in late are probably just in for the money, nothing more. I know a guy who bought in @ $15000 and still is yapping about it, blaming bitcoin for his not-so-smart decision to buy on an already inflated price. I tried to tell him that this will not hold long yet he still bought in saying there's more room for growth and bitcoin could easily go to $30000 because one prediction says so. They wouldn't appreciate the revolutionary part of bitcoin but just loves the fact that it could get them money quickly and easily without toiling so hard.
Cryptocurrency investment is the same as when we make a business, without us knowing the competition, the market, and how it works is the same as we are trying to make a hole that can make us fall inside. And all businesses in my opinion have their own knowledge, and without us learning it is impossible to succeed
in my opinion people who have bought bitcoin should already know that. otherwise they shouldn't have bought bitcoin in first place! unfortunately that is not true about most of the newcomers that started in 2017, they started because they thought they could make a lot of money over night. many of them don't even know what bitcoin is, why it was created, what it offers,... they just know that its price could shoot up which is why they bought it.
luckily the drop made them exit and now the market is clean of them and those that are left are already know the potential of bitcoin or are slowly learning about it. which is why they have stuck around.
luckily the drop made them exit and now the market is clean of them and those that are left are already know the potential of bitcoin or are slowly learning about it. which is why they have stuck around.
Indeed, it's kind of ironic when we see most of the cryptocurrencies user doesn't care about their own privacy and anonymity. I mean they didn't get the point about cryptocurrency, and still dependent on centralized entities. A lot of people are giving away their identity only to participate in ICO or bounty.
At the beginning of 2018, people jumped into crypto market without thinking as soon as they heard about the peak on crypto prices. It is not possible to gain easy money in any market likewise crypto market is a good example. People have learned that by a hard way. But it doesn't mean crypto market is a market that people stay away. It only means that you must be patient to buy from right price.
When Bitcoin exploded many people were surprised at the rapid growth and spread. Some people invest in the idea of getting rich quick with bitcoin, but it is actually a live burial pit in late 2017 and early 2018. But new people know about bitcoin, now see this as an opportunity. And I think everything might change in many directions.
Many newbies invested in the moment of Bitcoin bubble and is disappointed now. The problem is that they were driven mainly by greed and they didn't know in what they invest. Now they have time to find out what they have invested in and that this is just the beginning for Bitcoin.
I'd be very interested to know what proportion of newbies went straight to ICO shit that'll never recover vs buying Bitcoin. It's quite possible many of them never gave BTC a second's thought.
Today's beginners, you should indeed need more learning about BTC, so that they use BTC not carelessly. because every thing we do in this forum will certainly influence the development of BTC in the future.
Jump to: