What a newbie should know about Crypto currencies.

[Setho]

It is also important for a newbie to know that cryptocurrency is not a get-rich-quick scam. You can make money through it but you have to think slow and steady and for a long time.

 

[Elfinito]

Every beginner should understand that crypto currency Market is very volatile, it is not always a win win, like every other market, sometimes you win and sometimes you lose

 

[joy101]

The newbie should know that going into cryptocurrency investment that the price is not stable, that sometimes the price can rise or fall and them should understand it well, before invested on it is very important.

 

[Dagm1]

Invester don't invest in one coin only not one coin will rise i see a lot of coin rise at the same time and drop the same

 

[Good-Person]

We know that crypto coins are volatile and people may face loss if they trade coins for short period of time. However, crypto coins may gain value in the long time and this is what I have noticed. Having said that, it is always better to avoid coins that are not famous because they are most likely to lose value in the future.

 

[greenie]

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.

 

[Dagm1]

Investors do not invest in just one currency, as newcomers should be aware. When one coin rises, it might cause the value of another currency to plummet. Cashing out when the coins appear to be dripping is also part of the risk management.

 

[Laurentta]

All the things you mentioned above are the basic things a newbie should know before investing in crypto. A newbie should just rush into crypto investment. He or she should think properly about it before investing into ir.

 

[HayKay]

A newbie to cryptocurrency should also know what terms such as rug pulling is and how to decipher if a coin has good utility that can make it sustainable in the long term.

 

[Blessedsam60]

Thanks for this wonderful opportunity shared with us. I think a newbie in crytocurrency trading or business should firstly have the desire to learn crytocurrency features and coins market cap system.

 

[Sincerem]

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.

Observation is important when you are just a newbie in the market, so can know when the market is high and when the prices are low so you don't buy or sell at the wrong time.

 

[Chibson]

if you are a newbie in cryptocurrency there are a lot of things you have to know in order to make profit. I will also advise you to use little amount of money to start because if you start with a lot of money you might lose everything before you could learn.

 

[tyrim88]

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.

There are lots of things that person that is new to the cryptocurency world should understan,the market is verry volatile and one can actually loss his investment from the fluctuations in the market.

 

[Shigobad2020]

The newbie should know that going into cryptocurrency investment that the price is not stable, that sometimes the price can rise or fall and them should understand it well, before invested on it is very important.

A newbie should be taught that the volatility of the market when trading is very important aspect of crypto currency and the newbie should master the different types of crypto currency we have .