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For a newbie...

  • Thread starter Thread starter Aaron
  • Start date Start date

Aaron

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For a newbie like me into Crypto what is the best one to start with and how does it all work? :)
 
It is difficult to explain how everything works as a whole, but I would recommend you start with something simple if you want to imbue yourself in cryptography, in my case I started through receiving payments in cryptography partly received for my online earnings, I think that can be a good starting point, create a wallet, receive your first payment, and start investigating each coin and what its purposes are, its team behind, its tokenomics, its roadmap, etc, little by little you will understand everything better.
 
Cryptocurrency, such as Bitcoin, operates on a decentralized technology called blockchain. Understanding how crypto works can be a bit complex, so you can start by understanding it by googling how the crypto coins and the market operates to have a basic understanding first before taking the next step.
 
The Hulk said:
For a newbie like me into Crypto what is the best one to start with and how does it all work? :)
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It is going to be very difficult for someone to sit down here and give you all the details you need about the best cryptocurrency for you to start with as a beginner but I believe that there are so many content on YouTube where you can watch and learn so much more before you make your decision on which one to start out with.


 
First and foremost decide on what you want to do. Do you want to invest for the long term? Do you want to trade? Do you want to make short term investment? Do you want to use it as a payment form? Once you know your priorities, you can do accordingly. As for long term investing Bitcoin and Ethereum are the bets options.
 
Cryptocurrency trading is not something for a newbie to jump into because there is no knowledge for him or her to be able to know exactly how to successfully trade cryptocurrency. This is why I believe that the best way for a newbie to start is by investing in a long term with the amount of money one can be able to afford.
 
Heatman said:
Cryptocurrency trading is not something for a newbie to jump into because there is no knowledge for him or her to be able to know exactly how to successfully trade cryptocurrency. This is why I believe that the best way for a newbie to start is by investing in a long term with the amount of money one can be able to afford.
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Exactly, and that is the main mistake of many newbies, who start in the crypto world by trading without having any knowledge of it instead of investing in the long term or doing DCA, they end up with empty pockets and leaving the market with excuses such as "this market is very volatile or is it a scam", trading is designed so that a few with enough knowledge ear money, since the crypto market, whether we like it or not, is highly manipulated.
 
riberet19 said:
Exactly, and that is the main mistake of many newbies, who start in the crypto world by trading without having any knowledge of it instead of investing in the long term or doing DCA, they end up with empty pockets and leaving the market with excuses such as "this market is very volatile or is it a scam", trading is designed so that a few with enough knowledge ear money, since the crypto market, whether we like it or not, is highly manipulated.
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Most of them always conclude that it is a scam when it comes to cryptocurrency trading but will never admit that they had limited knowledge on how to successfully trade. I believe that most of them are living in denial and for the fact they don't know exactly what they are doing will always put them in a very difficult situation when it comes to trading successfully.
 
Without trading yourself, how would you learn trading? Even if you are a newbie, you need to start trading. However, to be on safer side, you need to build your knowledge on how trading actually works and try with small amount. Trading is more than buying the dip and selling when tides are high.
 
Nomad said:
Without trading yourself, how would you learn trading? Even if you are a newbie, you need to start trading. However, to be on safer side, you need to build your knowledge on how trading actually works and try with small amount. Trading is more than buying the dip and selling when tides are high.
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Most online tutors don't teach you anything just some basis of the cryptocurrency world and then move on to another thing then you need to learn by yourself and not wait for a teacher.
 
Monster Masterpiece said:
Most online tutors don't teach you anything just some basis of the cryptocurrency world and then move on to another thing then you need to learn by yourself and not wait for a teacher.
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Why should you depend on traders to learn when you can learn through online platforms, blogs and volgs.There are a lot of free learning platforms. You can easily self learn to trade crypto. Try with small amount and gradually increase your amount as you build skills
 
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