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Topic: Whats the first thing to begin crypto with As A Newbie? - page 2. (Read 324 times)

member
Activity: 238
Merit: 46
 While those things might be worth looking into, it would be advisable to start on a smaller scale.
You can start with a user friendly interface such as Coinbase, buy some of the main coins and watch how their markets move. Educate yourself on trading vs. holding, and see which is best for you. We have a "getting started" guide you can check out here:

Bit.ly/Bitcoin101Guide

Stay informed on scams so you can avoid being a victim. Start off smart and keep up with his forum to avoid mistakes that can cause you to lose money.

Good luck  Smiley
jr. member
Activity: 49
Merit: 1
Patience is first step  Smiley .
We all want big money over night,but that not easy.

unfortunately, for most people, In crypto a lot of people tend to rush things and make mistakes. Taking time and doing careful study of the industry is key to succeeding in this space
sr. member
Activity: 1232
Merit: 266
> CAMPAIGN MANAGER < https://t.me/TheAndy500
As a newbie the best thing will be a lot of reading and learning about crypto, after that you need some knowledge by investing in some coins which can allow you to get some experience about investing and getting profit from it, if it won't be enought for you that mean you need to learn how to trade and again get some experience or just participate in some campaigns or drops.
hero member
Activity: 1190
Merit: 534
As a newbie, the first thing that he should do is to invest his time in learning what crypto world is all about and how it works. It is not a get quick rich scheme or anything like that. Bitcoin is a payment system and another form of money which has some more benefits as compared to that of the traditional payment system. Do not waste your time in looking for free Bitcoins, gain as much knowledge as you can by investing your time in reading valuable topics.
legendary
Activity: 1372
Merit: 1123
As everyone else has said HCP gave you a solid starting point for sure. Everytime someone asks me how they should get their start in cryptocurrency, the first suggestion I give to them is to read the original Bitcoin whitepaper. You can go here to read it - https://bitcoin.org/bitcoin.pdf . Now something else that I always suggest to people is to go back and read through the original email threads that Satoshi went back and forth with developers and interested parties; they've asked just about every question you can think of and it will save you a lot of time in understanding Bitcoin. https://satoshi.nakamotoinstitute.org/emails/cryptography/ That website in general is a wealth of information to get some fundamentals down. I can't stress enough how important it is to understand the original intentions, principals and plans.
BQ
member
Activity: 616
Merit: 53
CoinMetro - the future of exchanges
I think doing bounty would be the best option. Most of the airdrops are trashcoins, plus it'll just waste your time, or possibly get your info in exchange for a trashcoin. ICO would be a great option if you can and want to put out some cash, but most newbies don't really want to since they're new. They still need proof if crypto is legit or not. Bounty would be the best option if you don't really want to put out some cash. Besides, while you're doing bounty, you'll be reading posts, threads, and topics from here. Not only you'll gain profit, you'll also gain knowledge.

Is everyone specifically talking about bounty here because we are on this forum, or why? I mean, OP didn't say he didn't have money or could invest.
To start earning in crypto is hardly done by relying on bounties? (It's a question!)
jr. member
Activity: 84
Merit: 5
I think doing bounty would be the best option. Most of the airdrops are trashcoins, plus it'll just waste your time, or possibly get your info in exchange for a trashcoin. ICO would be a great option if you can and want to put out some cash, but most newbies don't really want to since they're new. They still need proof if crypto is legit or not. Bounty would be the best option if you don't really want to put out some cash. Besides, while you're doing bounty, you'll be reading posts, threads, and topics from here. Not only you'll gain profit, you'll also gain knowledge.
Very well said! It feels like you're not a newbie at all. I think i have given you merit before for the GOT reference post? Not sure why it's deleted. But keep it up, and you'll receive more. i'll be watching you! Best of luck!
Thank you for your kind words! I'm a newbie, it's just that i've read some posts here before and got an idea and answer to tell. Oh?! the "you know nothing jon snow" lol, thank you for the merit sir! till next time  Wink
member
Activity: 350
Merit: 47
I think doing bounty would be the best option. Most of the airdrops are trashcoins, plus it'll just waste your time, or possibly get your info in exchange for a trashcoin. ICO would be a great option if you can and want to put out some cash, but most newbies don't really want to since they're new. They still need proof if crypto is legit or not. Bounty would be the best option if you don't really want to put out some cash. Besides, while you're doing bounty, you'll be reading posts, threads, and topics from here. Not only you'll gain profit, you'll also gain knowledge.
Very well said! It feels like you're not a newbie at all. I think i have given you merit before for the GOT reference post? Not sure why it's deleted. But keep it up, and you'll receive more. i'll be watching you! Best of luck!
jr. member
Activity: 84
Merit: 5
I think doing bounty would be the best option. Most of the airdrops are trashcoins, plus it'll just waste your time, or possibly get your info in exchange for a trashcoin. ICO would be a great option if you can and want to put out some cash, but most newbies don't really want to since they're new. They still need proof if crypto is legit or not. Bounty would be the best option if you don't really want to put out some cash. Besides, while you're doing bounty, you'll be reading posts, threads, and topics from here. Not only you'll gain profit, you'll also gain knowledge.
newbie
Activity: 48
Merit: 0
Patience is first step  Smiley .
We all want big money over night,but that not easy.
jr. member
Activity: 49
Merit: 1
None of the above. The first thing you should do is read... a LOT.

I'd recommend starting here: https://bitcointalksearch.org/topic/newbies-read-before-posting-1689727 and follow the various links.

General recommendations:
- Make sure you have a good understanding of the forum rules and basic etiquette before you attempt to participate in any "bounties" (I really hate that term Undecided) It'll help you avoid troubles with "negative trust".
- Make sure you understand how wallets work, the difference between BTC and ETH networks and how ERC20 tokens work. It'll help you avoid troubles with "lost" tokens and/or coins when participating in ICOs or getting payouts from campaigns.
- Make sure you do your due diligence when considering which ICOs to invest in. It might save you from getting scammed.


Much appreciated HCP.. I believed reading is a step we newbies miss and suffer from it later. Most newbies are guilty of it..newbies just want to earn as fast as possible
BQ
member
Activity: 616
Merit: 53
CoinMetro - the future of exchanges
I think what HCP said is good! Make sure you understand what crypto is about, don't just see it as some investment.
Crypto is the next big thing! First we had computers, then the internet, and then came crypto(decentralization, trustless, no single entity).
Investing time into learning and understanding it, will give you a head start for the future.


And finally, "Airdrop, ICO and Bounty" are the three least important things!
Airdrops are just a generally small amount of tokens tied to a newly started project, which means it's not worth much, might be in the future - however, an airdrop likely won't mean much anyway.
ICOs are like investing in a company startup, and in return, you get tokens. This is a gamble, because 90% of startups fail, and that surely applies in crypto aswell. (get the odds on your side by doing your research)
Bounties is the same idea as airdrops, but you have to do stuff to get the tokens. I hear people can earn a fair share of money on that.

ICOs also logically will take a good while to take off, since they're in their startup phase when you invest.
Either way, it's your research that matters - if you trust what a random person says about an ICO/coin/an investment in general, then you are bound to lose sooner or later.
Research everything, the project, the team, is the team legit? is the project good? is there a reason for it to exist (as a coin/token)?
What's the coin economy like, how many coins are created, how many are held by the team, when are new coins put in circulation,
where does the value come from, etc etc - the more you research, the better you can trust your investment.
(this applies to all investments, not only ICOs)

If you have a small amount of money to invest, ICO's could be a good way to go about it,
or find an already launched, but early stage project, and invest in it.

Whatever you do, be certain you are 100% trusting your investment, otherwise you will likely end up panic selling or making a bad decision in general related to your investment.
If you are just holding, you need to be able to hold through the bad times.
You can try trading, but it's easy to lose.

If you have a good amount of money, you could put it in to one of the larger and more established crypto's, for a smaller risk.

Either way, there's literally thousands of various coins/tokens/blockchain-related projects out there.
(a bit like the IT bubble), sooner or later, the large majority of those projects will be gone.
Who'll be the next (crypto equivalent of) Google, Microsoft, Amazon, etc? do your research and you might find out!

Ultimately, it's up to you -
assume that when a stranger on the internet tells you about a project, he is in some way gaining from it, otherwise, why would he take his time/why would he want to give the knowledge away, instead of accumulating himself?
Referring to people saying buy this ICO, buy this superlow market cap coin, and such
Sure, people saying "buy btc" won't gain anything from a couple of hundred/thousand bucks going in, so those you could trust.
Still, make sure you know why you invest in bitcoin, don't just do it because someone told you it's cool and good.


You are in charge of your crypto(if you hold it in a wallet), therefore, you are the only point of failure(99,9%).
No bank can help you if you lose your funds. It's up to you how much time you put into ensuring you understand what you're doing.

You are in charge of your investment, if you give away your money to a bad investment, it's gone.
If you lose access to your crypto, send it to someone wrongly, give away your private key, get hacked etc - it's gone.
(I have some tips for security in my link at the bottom)

That's the beauty of crypto in my opinion!

and really, do look up crypto in general - don't just put some money in Coinbase and buy ETH and go afk -
read about it, understand why it exists, what it enables - it's very fascinating.

I also made a guide explaining some wallet/safety stuff, but you probably don't understand much if you read it right now, you need to learn the basics (wallets, blockchains etc as HCP said)
https://bitcointalksearch.org/topic/general-crypto-safety-wallet-guide-3576100
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
What HCP said.

If you went here to bitcointalk solely for the money, then you might as well quit now. You won't be making much without knowledge. If your plan is just to pretty much sell your personal information to bounty programs, then go ahead. But if you want to go to the correct route, study.

https://www.coindesk.com/information/

Also, don't forget to read the pinned topics.
HCP
legendary
Activity: 2086
Merit: 4361
None of the above. The first thing you should do is read... a LOT.

I'd recommend starting here: https://bitcointalksearch.org/topic/newbies-read-before-posting-1689727 and follow the various links.

General recommendations:
- Make sure you have a good understanding of the forum rules and basic etiquette before you attempt to participate in any "bounties" (I really hate that term Undecided) It'll help you avoid troubles with "negative trust".
- Make sure you understand how wallets work, the difference between BTC and ETH networks and how ERC20 tokens work. It'll help you avoid troubles with "lost" tokens and/or coins when participating in ICOs or getting payouts from campaigns.
- Make sure you do your due diligence when considering which ICOs to invest in. It might save you from getting scammed.
jr. member
Activity: 49
Merit: 1
Airdrop? Bounty? ICO?
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