What a newbie should know about Crypto currencies.

[ahmedo24]

If you are just been introduced into Crypto currencies. Here are few things you should know :

Crypto currencies are digital coins that are decentralized that is they are not regulated by any institutions or government, they are not stable in value.

They rise and fall in a very short time depending on the market forces.

They are stored in wallets that are either online wallet like coinbase, blockchain, trust wallet , luno etc or hard ware or offline wallet like nano.

Their transactions and records are stored on a public ledger that can't be edited, it is called blockchain network.

The most common Crypto currencies is Bitcoin though their other coins popular refer to as altcoins, like Ethereum, ripple, bitcoin cash , ethereum and other thousands of them.
Please add more basis that a newbie should know about Crypto currencies.

 

[Kassy]

It fluctuates and the price is not stable, so invest wisely.

 

[giddy]

Let’s begin with buying Bitcoin . That’s the easiest part. Some people want to invest in Bitcoin without having the trouble of storing them.
They can use investment vehicles like the XBT tracker (available on Swedish and German exchanges), the Bitcoin investment trust on Second Markets (USA), the Bitcoin ETI (Gibraltar and Germany) and some more. As Bitcoin rises, more and more brokers and exchanges try to set up a Bitcoin-based financial product.

 

[WhiteHouse]

The best way to learn about the market is to combine various resources that will give you a better picture of how the price of a particular cryptocurrency is behaving, how it behaved in the past and the influences that cause that behavior. This is why you need a reliable charting platform where you can analyze the price performance. The platform can be a crypto exchange such as Binance or Coinbase but you can also look at comprehensive charts and trading tools through a platform such as TrailingCrypto. You also need to have access to regular updates regarding the cryptocurrency market. You can search for crypto news on your browser and determine which websites or YouTube channels can provide information that is relevant to you. That is why research is important when you start the journey of crypto trading. If you apply the market information the right way, you will no doubt manage to make profits.

 

[btaliat]

Newbies should also know that investors do not invest in only one coins. The rise in one coin can automatically lead to the fall of other coin. Also, the risk management involve in it include cashing out when the coins seem dripping.

 

[Nurudeen]

This is a good tips for you for newbies who ways to delve into crypto currency exchange Business. The most important thing to learn as a newbie in crypto currency exchange Business is risky management. If you know how to manage risk in any coin you buy you can't run at loss at all. Know your entry point and exit point.

 

[Damismiling]

This post is really insightful for newbies and educative, with this you under stand and have a little knowledge of crypto, however I will suggest that before you delve into crypto business more research is needed so as to understand how to properly trade on it to minimize loss, because trading with crypto is associated with risk and only experience and knowledgeable individual can properly deduce

 

[Ojonuyo]

All you have made mentioned of are the fundamental for every newbie who just came into the world of crypto currency.

I just want to talk more about the risk involved in such business. Like you rightly mentioned it is a decentralized currency without the supervision of any government agency, therefore their prices are not stable. Today it is high, tomorrow it is low.

Therefore, all newbies should shield their hearts and minds that it is not all going to be Rosy all through the way. There will be times where you would be at a lost due to drop in price. While other time you will be lucky due to increase in price.

 

[Doradorwa]

Like I'm really finding this thread useful as I want to learn how to trade in cryptocurrencies.... The world is evoluting and why not evolute with it....Social media and the internet has given us so many good opportunity.

 

[BrolySSJ]

If you are just been introduced into Crypto currencies. Here are few things you should know :

Crypto currencies are digital coins that are decentralized that is they are not regulated by any institutions or government, they are not stable in value.

They rise and fall in a very short time depending on the market forces.

They are stored in wallets that are either online wallet like coinbase, blockchain, trust wallet , luno etc or hard ware or offline wallet like nano.

Their transactions and records are stored on a public ledger that can't be edited, it is called blockchain network.

The most common Crypto currencies is Bitcoin though their other coins popular refer to as altcoins, like Ethereum, ripple, bitcoin cash , ethereum and other thousands of them.
Please add more basis that a newbie should know about Crypto currencies.

This is a very good at highlighting the most important points. In my opinion, the most important is the volatility of the coin, as there is no way to tell which way a crypto will go in the future, and therefore this is what is leading to the inherently high risk of this currency. Therefore it is important that the rule of thumb states that for beginners that are entering this field, that they should only invest an amount they are willing to lose.

 

[Bilal0087]

Everyone who is expert now in cryptocurrency, was a newbie at the initial stage.
So I think a new person in cryptocurrency must learn each and every expect of Crypto, its value its, fluctuating rate, its future and how it works, all these a person can do this by using internet.

 

[Ralphjoe]

Cryptocurrencies are very safe and almost an unhackable asset due to the encryption that it comes with, investing in cryptocurrencies can be very profitable due to it's volatile nature i.e it rises and falls almost at the same time.

We are experiencing the greatest rise so far of cryptocurrencies in this pandemic period due to lots of institutional investors moving their funds into the cryptocurrencies asset.

 

[gammarays]

My advice to a newbie on crypto currency will be these:
1. Crypto is a digital type of currency that is volatile in nature so it can rise and fall in time.
2. If you would love to invest in any,just focus on Bitcoin and Ethereum for now.
3. Try to join faucet or gpt platforms to earn some little coins. It's a waste of time but will give you a foundation.
4. Join crypto forums to educate yourself and learn new stuffs.
5. Avoid hyip schemes like a plague

 

[Tienda]

The newbies should first learn about cryptocurrency and anything related to it, trading and investing. Then they should choose a such coin for trading, will be better to start with top coin like Bitcoin, Ethereum...etc and is very important starting with small amount.

 

[Daga]

If you are just been introduced into Crypto currencies. Here are few things you should know :

Crypto currencies are digital coins that are decentralized that is they are not regulated by any institutions or government, they are not stable in value.

They rise and fall in a very short time depending on the market forces.

They are stored in wallets that are either online wallet like coinbase, blockchain, trust wallet , luno etc or hard ware or offline wallet like nano.

Their transactions and records are stored on a public ledger that can't be edited, it is called blockchain network.

The most common Crypto currencies is Bitcoin though their other coins popular refer to as altcoins, like Ethereum, ripple, bitcoin cash , ethereum and other thousands of them.
Please add more basis that a newbie should know about Crypto currencies.

This is something I really needed. As a newbie in this, I sure needed some tips. Been considering investing in a coin or two and see how it goes from there. Hopefully I’d be making a profit with the knowledge and resources I’ve been tapping into. I know I would get there. Bitcoin currently at a very high point, Definitely making people that have it happy

 

[Erik4150]

Another important thing a beginner must know is that the cryptocurrency market is volatile and the price of various coins will rise and fall from time to time.
It is important to buy when the price falls and sell when the price is high. That way you can make profit trading cryptocurrency.

 

[Sotherefore]

As a new person coming into the world of cryptocurrency you must understand that cryptocurrency can go up anytime and can come down anytime so sometime expert advice that before you invest in cryptocurrency you should only invest what you can afford to lose because the price can seriously turn against you anytime. Download of things that has to do with cryptocurrency that you will know when you really come into it,

 

[Mujahid12]

If you are just been introduced into Crypto currencies. Here are few things you should know :

Crypto currencies are digital coins that are decentralized that is they are not regulated by any institutions or government, they are not stable in value.

They rise and fall in a very short time depending on the market forces.

They are stored in wallets that are either online wallet like coinbase, blockchain, trust wallet , luno etc or hard ware or offline wallet like nano.

Their transactions and records are stored on a public ledger that can't be edited, it is called blockchain network.

The most common Crypto currencies is Bitcoin though their other coins popular refer to as altcoins, like Ethereum, ripple, bitcoin cash , ethereum and other thousands of them.
Please add more basis that a newbie should know about Crypto currencies.

Absolutely these very powerful tips for newbie when he joins it, will be very helpful for all the points and I appreciate you on this great write up And I would like to add another lesson here. Why should not all the tokens be read once before Investing and Trading.

 

[alberello75]

I would add one important thing, especially talking about the best known cryptocurrency Bitcoin.
Don't underestimate the halving factor!
Therefore, Bitcoin was created in 2008, with the criterion that in the world, there can be up to a maximum of 21 million units. Once this number is reached, this halving process takes place!
This happens approximately, once every four years.

 

[Lagazine]

To be sincere, you have offer the greatest tips to help the newbie on crypto currency. Everyone who want to invest on cryptocurrency or any business need to learn extensively about the platform and the dos and donts of the trading platform. Crypto is more than what you do because your friends are doing it, you need serious monitoring and lectures to start, so that you wont regret your action in future.