Topic: Starting my crypto journey, hope I'm in the right place - page 2. (Read 308 times)

First of all let me welcome you to the forum. Yes, this is the right board to ask questions. To start your cryptocurrency journey any amount is good if you have the ability to bear loss if in case your principal amount goes down. To discuss other cryptocurrency other than Bitcoin you can follow this Altcoin discussion board . Always remember that before investing in any project you need to do your own research.

LOL. I laugh to keep from crying.

Let's hope we got there in time and the OP doesn't fall for it.r that. He wants to invest 75% of what he earns in DASH, a shitcoin that has all the look of a pump and dump scheme:



On top of that it is a shitcoin that was forked from the Bitcoin protocol.

OP, do your own research especially on the difference between Bitcoin and altcoins, which we call shitcoins. If you go to the altcoin forum section you will find many tips for investing in shitcoins like that, but I and many believe that there is nothing in the crypto world better to invest in than Bitcoin. Maybe it's not going to give you as much return as a fancy shitcoin in the unlikely event you get it right by choosing the shitcoin, but it's safer and has intrinsic properties that are much better than any shitcoin.

You're better off doing a lot of reading rather than asking specifically about individual investments.

* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://cryptosec.info
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters
* https://github.com/ethereumbook/ethereumbook#chapters

As for DASH, well.. I don't even know that the project was still alive.

That is why most new comers ends up lossing their money all the way is because most of you only wants investing and get profit.

If you have social medias you'll find this kind of groups where they are shilling some crypto claiming it will "go to the moon", "exceed bitcoin in price" and etc. These called signals, some paid some are not, but mostly they just shills it telling their followers to invest this and that. It's the same here, if you keep following what you just read on social media or any forums, you'll end up broke.
The thing is you don't need to follow anyone because it's their opinion which says this and that.

What you need to do is to learn it by yourself, How? To educate yourself, learn how crypto works, read the news, check existing projects that came to success after a year or two, and also new projects where opportunity and unfortunate comes, also on how projects solve existing problems and etc.
From this, you will find your answer on what crypto or projects to choose and to invest,

Some important threads and websites:

Good luck.

If all of your other questions are related to Crypto there are lots of sources to start to learn about them there are some free books out there for Crypto and Bitcoin.

I suggest you check these two links below

- https://github.com/cmahon/awesome-cryptocurrency
- https://github.com/yjjnls/awesome-blockchain

Then read the books from that links and the history of Cryptocurrency.

You are welcome, you said you safe 300$ per month? You are the only one that can answer your question perfectly, let me ask you this, how much are you willing to lose per month from that 300$? 10? 20? 50? That should be the amount you need to invest in crypto because we can't deny the fact that crypto investment is risky, Do you want to have a good sleep at night? Invest only what you can afford to lose.

Of course, this is the correct section for newcomers to air their inquiries.
Now the term "crypto project" is very broad, i am guessing you know there are quite a lot of "crypto projects", some of which would be successful only in the short term due to hype, others are pump and dump projects/shitcoins/scamcoins, etc, there is absolutely no way to wrap your head around it and know the one that is going to be successful. But if you narrow down your choices, i can suggest Bitcoin to you, it is nothing like most of those coins i mentioned above, it is a long term project with an actual utility, it is neither a get rich quick scheme as well, so as an investor you will have to be patient. As a beginner, you can read this thread for a start, there are many links that will be of help to you there:
https://bitcointalksearch.org/topic/5-resources-to-teach-average-joe-about-bitcoin-5156874
If you make a decision to invest in Bitcoin, then i would tell you that there is no fixed amount that is good for investment since we all earn differently, but since you make around $400 monthly, then the DCA (Dollar cost averaging) technique would prolly be best for you to start up your portfolio, what is DCA? Read it here:
https://www.investopedia.com/terms/d/dollarcostaveraging.asp
I personally do not know anything about this project, and i do not trust it as it falls under the mass of "crypto projects" i explained to you above, if you want to find out more about that project, ask in the altcoin discussion section, here is the link:
https://bitcointalk.org/index.php?board=67.0
Like i told you, "crypto" is too broad a term, so many crypto projects would not survive that long cause they are short term projects, but Bitcoin definitely will, read about Bitcoin in the link i sent above to understand.

It is very difficult to answer your questions because we are all different, we have different circumstances, levels of knowledge and experience, and different goals in life.
I advise you to research and analyze the crypto industry well before any investment and never invest the money you need for personal life. Only invest money that you can afford to lose.
I personally think that crypto is here to stay and will not disappear, only trends in the crypto industry will change during time.
It is important that you set specific goals and have a clear exit strategy before any investment and stick to it.

yes,  you are in the right place bitcointalk forum especially the beginners and help is the right spot for questions and answers.

You don't need anyone to tell you how much you need to invest on, it's a decision you Take by yourself but remember always invest on what you can afford to lose.

I believe crypto especially Bitcoin can survive more than  5 years and even more.

Always feel free to ask your questions you are in the right platform. A home full of knowledgeable people.

Is this section the right place for a newcomer to ask questions because I don't know, but it says beginners and help, hope I'm right?

Is there anyway to increase my IQ about which crypto project to invest money on?
I make 400$ every month and I can save up to 300$ per month what exact amount is good for crypto project investment?

Can I ask a question about a crypto project on here? For example DASH?

Do you think that crypto will survive 5 years to come?

There is a lot of questions on my mind but I want to take a step at a time, so guide me and correct me in any way possible.