What and what to avoid in this crypto world so as not to fucked myself up in every way possible? I need some advice as a beginner and I don't want to mess up pls guide me right, hope I came to the right place
Get the right knowledge about crypto currency and stay real to what ever aspect of crypto currency investment you choose to explore. Crypto currency comes with lots of opportunities and all comes with its own risk. A well knowledged investor could atleast save themselves from most of those risks. Lastly keep your investment real and affordable never work with a borrowed capital and never invest beyond your source of income. Deal only with what you an afford to lose 
Topic: Your guidance is needed - page 3. (Read 518 times)
~
What not to do? Good question.
But the answer isn't that simple. It depends on what your interests are, and what you hope to gain from the crypto world. Generally speaking, the first thing you should do is secure your crypto assets. The majority of all crypto-related theft happens because a user unwittingly sends their private keys to a person, program, or device, or lets a hacker into their computer. There are many ways to secure your crypto assets, but the best approach for most people is to use a hardware wallet. Hardware wallets are physical devices that use secure, tamper-proof electronics to store your private keys.
- 5 Resources to teach Average Joe about Bitcoin
- [GUIDES] on Bitcointalk. Index thread (until there is a dedicated subforum?). Many topics to read & learn which are given in LoyceV's Guide topic. Check it in Guides - Bitcoin section
- Youtube of Andreas Antonopoulos - Bitcoin for Beginners. You can watch other videos outside that playlist
All newbies don't know what they are doing they only have clues that aren't confirmed yet so they always think they can do experiments themselves which always turn to getting scammed along the way..
As a newbie accept the fact that you know nothing, the next thing is learn and learn and learn over and over again, ask questions and do some research on your own, this is the way, in time you get better
As a newbie accept the fact that you know nothing, the next thing is learn and learn and learn over and over again, ask questions and do some research on your own, this is the way, in time you get better
What and what to avoid in this crypto world so as not to fucked myself up in every way possible? I need some advice as a beginner and I don't want to mess up pls guide me right, hope I came to the right place
Actually in cryptocurrencies we don't have a specific guidelines that wil protect the interest of the user in any form and any condition, from my observation it's what you encounter during the process will obviously and automatically be your personal guidelines and i stand to follow my step because the steps other people might not be favourable to me....at i will encourage you to follow this process Incase it be favourable for you because bitcoin is dynamic and it depends on the root you follow.* Dont invest when you are not supposed to invest.
* Don't trade with all the capital.
* Watch the chat of bitcoin before you adventure into buying.
* Ensure you have good foundation of knowledge before you enroll into trading.
* Know very well that most times the disadvantages of bitcoin via trading is higher than the advantages.
* Buying altcoins for long term investment, ensure you peruse into the project to know the potentiality of the coin.
* Abstain from ponzi scheme investment.
* Use your spell money for trading as a beginner.
While some members provided helpful advice, it should be enough to give you a good idea of what to look for. Dig deep and READ a lot of information about them, soak up knowledge by searching concepts and ideas in and out of the forum whenever you come across them.
Trust me, there is a fuckton of useful advice in each and every aspect of crypto, and giving it all at once will not be practical advice. It has to be a process of asking a specific question about a specific scenario and it happens along the process of your journey.
Trust me, there is a fuckton of useful advice in each and every aspect of crypto, and giving it all at once will not be practical advice. It has to be a process of asking a specific question about a specific scenario and it happens along the process of your journey.
What to avoid in crypto? There are probably more than a handful of those. You're not making it specific. Basically, though, you need to avoid getting deep into crypto without first knowing what Bitcoin is. I guess that's the very basic. It's always a good start. After all, crypto is 99% Bitcoin and 1% miscellaneous.
Eventually, you will have your first Bitcoin. Avoid going all-in. Bitcoin has risks and you need to manage it. And then you also avoid keeping your Bitcoin in custodial, centralized, and close-source wallets, especially exchanges. You will only keep it where you are the sole controller of your private keys.
Moving into the financial side of things, avoid letting your emotion get the better of you. Hodl yours. There's a reason why hodling gained respect. But avoid expecting a smooth ride. The road will be bumpy and scary. Don't break and sell with a loss.
Finally, avoid trusting so easily. It applies to many things, whether it is an email, direct message on this forum and elsewhere, social media posts, news, ads, links, and so on and so forth. They may be phishing attempts, scams, malwares, and so on.
Eventually, you will have your first Bitcoin. Avoid going all-in. Bitcoin has risks and you need to manage it. And then you also avoid keeping your Bitcoin in custodial, centralized, and close-source wallets, especially exchanges. You will only keep it where you are the sole controller of your private keys.
Moving into the financial side of things, avoid letting your emotion get the better of you. Hodl yours. There's a reason why hodling gained respect. But avoid expecting a smooth ride. The road will be bumpy and scary. Don't break and sell with a loss.
Finally, avoid trusting so easily. It applies to many things, whether it is an email, direct message on this forum and elsewhere, social media posts, news, ads, links, and so on and so forth. They may be phishing attempts, scams, malwares, and so on.
hope I came to the right place
Of course you did, Bitcointalk houses so much crypto knowledge in it, and all you need do is request for such knowledge and you would get it, even without making this thread you can use the search button and search for security protocols in the Bitcoin network and you'll be offered a lot of threads on the issue to enlighten you. As you can see, quite a lot of users have already given you valuable tips, but that just goes to show that there are many of them, and it's somewhat impossible to master all as soon as possible, just start with that which concerns the direct protection of your assets, choose a safe, non-custodial wallet, do not share your seed phrase to anyone and don't invest more than you can afford to lose. 
Avoid Ponzi schemes. Always be doubtful when someone or some platform offers a huge return as it's a 101% scam. Learn from your mistakes, start small, and don't get too aggressive, slowly but surely, that's the way you should do.
Lastly, DYOR ( Do your own research), that's the due diligence when investing, and don't only focus on one source, you can use the forum to ask for suggestions and other popular platforms that are not biased or solely controlled by the owner.
Lastly, DYOR ( Do your own research), that's the due diligence when investing, and don't only focus on one source, you can use the forum to ask for suggestions and other popular platforms that are not biased or solely controlled by the owner.
What and what to avoid in this crypto world so as not to fucked myself up in every way possible? I need some advice as a beginner and I don't want to mess up pls guide me right, hope I came to the right place
Don't:- Don't trade or invest if you are not ready with the risks
- Don't trade or invest if you don't have enough money
- Don't trade or invest with money that you will use for certain necessities in your life, only use free money
- Don't force yourself to trade or invest with money that you cannot afford to loose
- Don't follow hype tokens
- Don't trust anyone that offer you helps to multiple your money in investment
- Don't trust other people hype advertisement without any further analysis by your own self, always do your own research (DYOR)
- Don't think that trading or investing in crypto will make you rich soon or overnight
- Don't only focus on earning money, but also learning knowledge, making good strategies and also considering the risks.
You took quite a long time to create your first post on the forum considering you registered mid last year. Most people think that (having a gap after registering to read up) to be the best approach for new users as it affords them ample time to read and get aquatinted with the forum and Bitcoin, and that's the advice I will give you now. Read!
There are so many different ways you could get undone in crypto, from wrong investments, carelessness, scams etc and you cannot be prepared for all of them by reading through one thread, but if you form the habit of perusing through any piece of information given before taking action, then you would more than likely be able to protect yourself.
Also, treat everything as a scam until proven otherwise.
There are so many different ways you could get undone in crypto, from wrong investments, carelessness, scams etc and you cannot be prepared for all of them by reading through one thread, but if you form the habit of perusing through any piece of information given before taking action, then you would more than likely be able to protect yourself.
Also, treat everything as a scam until proven otherwise.
Avoid investing in the majority of the meme coins. Dogecoin and Shiba Inu are the most known of them all and there are going to be shillers that might come your way and tell that the project they're investing in is going to be the same as Dogecoin or Shiba Inu. But the thing is that they're only shilling you that project because you're a newbie and you're going to be gullible and believing them that they're telling the truth. It's best to start buying bitcoin if you don't want to get rekt as easy as the others.
Crypto space is a wild west the only way to survive and push forward is learning after learning, it's not something you can get through in a day and you don't have to rush things out, take your time and learn one after the other Rome isn't built in a day remember? Here are other important advices
1. Don't trust anyone in this space some bad people are looking for innocent people to take advantage of
2. Every crypto users have telegram but this social media source is the most risky of all, too many people lost fortunes to scammers on telegram do not reply PMs cos they are scams
3. Use mycelium or other open source wallet they are more reliable than other , if you don't know what open source and closed source is do research on your own using Google all answers are available
4. You must have heard about uniswap and other Dexs like it, do not leave your wallet connected to one after finishing a transaction, always disconnect
5. Ask for advice like this, don't ever get tired of it that's why we are all here, to share good experiences among us
1. Don't trust anyone in this space some bad people are looking for innocent people to take advantage of
2. Every crypto users have telegram but this social media source is the most risky of all, too many people lost fortunes to scammers on telegram do not reply PMs cos they are scams
3. Use mycelium or other open source wallet they are more reliable than other , if you don't know what open source and closed source is do research on your own using Google all answers are available
4. You must have heard about uniswap and other Dexs like it, do not leave your wallet connected to one after finishing a transaction, always disconnect
5. Ask for advice like this, don't ever get tired of it that's why we are all here, to share good experiences among us
Start by learning what's Bitcoin. This will definitely clear up some things in your head.
As for advices, we'll need more context. What do you want? To trade? to get involved into the cryptocurrency industry? To buy/sell?
As for advices, we'll need more context. What do you want? To trade? to get involved into the cryptocurrency industry? To buy/sell?
What and what to avoid in this crypto world so as not to fucked myself up in every way possible? I need some advice as a beginner and I don't want to mess up pls guide me right, hope I came to the right place
You are welcome to the forum but you haven't told us what missteps you have made in the past.
Is it:
- Trading
- Where you hack?
- Do you intend to buy bitcoin
- Did you bought a shitcoins
Ask any specific questions and you shall be guided but learn to read Newbies-Read before posting
One thing I can advice is if you want to be in the crypto world, atleast learn about it. Don't invest money if you do not know how it works because it's a really big risks. There are a lot of newbie friendly thread here where you can start to read on so you can catch on the basics.
What and what to avoid in this crypto world so as not to fucked myself up in every way possible? I need some advice as a beginner and I don't want to mess up pls guide me right, hope I came to the right place
Jump to: