What a newbie should know about Crypto currencies.

[ahmedo24]

The Halving is critical factor in bitcoin , it is the more reason I believe that bitcoin will continue to go higher in price if people continue to hold and trade it. Four years from now mining capacity will be halved per block so obviously the increase in bitcoin supply will be less.

 

[Tariq Shehzad]

A newbie should take some tutorials about the bitcoin cryptocureency as there are numbers of videos tutorials on you tube channels. You may also discuss with your friends, who already know about bitcoin currency.

 

[Sincerem]

That is well stated information about how Cryptocurrency for works, for one that is using for the first time. He or she should determine the changes made in the prices of each coins, study the marketcap of all the coins. Know when to buy or not. Know the legit wallet to buy, store,receive, and send coins.

 

[Abibatabosede]

There are lots a newly introduced investor needs to know about the crypto currency, like when I was newly introduced to the business my mentor told me not to invest in the already known currency and go for the newly introduced one

 

[Kamon c4]

This is a good write up and I think the factors that influences the prices of cryptocurrency should Be inclusive. There’re factors that determines the volatility of cryptocurrency prices. One of them is the demand and supply. When the demand is high the the value increases and vice versa. Also when the supply is high the value decreases making its demand to be low and vice versa

 

[ahmedo24]

This is a good write up and I think the factors that influences the prices of cryptocurrency should Be inclusive. There’re factors that determines the volatility of cryptocurrency prices. One of them is the demand and supply. When the demand is high the the value increases and vice versa. Also when the supply is high the value decreases making its demand to be low and vice versa

You are right, it is one of the major factor behind the price of Crypto currencies, the buying pressure is currently higher so there are few sellers with more buyers making it difficult to access Bitcoin so the price is now higher than normal.

 

[Ojonuyo]

A newbie in cryptocurrency should have this at the back of his mind, which is, crypto currency is a high risk investment, you can lose your money within a blink of an eye and at the same time you can make huge profit within few months.

 

[Sake]

Also newbies should not start panicking when you see that the Coin you bought is losing value because that's normal. Panic selling will only result in your loss. Learn how to wait and be patient. Don't just invest on new or unknown coins do some research and ask other people first

 

[Alexandoy]

Thank you for the short lesson. I am a green horn in crypto currency that is why I am in this board because I am now trying to learn the ins and outs of crypto currency particularly the Bitcoins. I have a clear idea that Bitcoin is a commodity which is intangible and the value is dictated by the law of supply and demand. But I have doubts that there are other factors that affect the valuation of the crypto currency. This is what I am researching for before I can give my trust to Bitcoin and other crypto currency.

 

[giddy]

The main point of cryptocurrency is to fix the problems of traditional currencies by putting the power and responsibility in the currencyholders' hands. All of the cryptocurrencies adhere to the 5 properties and 3 functions of money. They each also attempt to solve one or more real-world problems

 

[chicnthin]

I find this thread extremely helpful and for that thank you. I'm a beginner myself, I'm learning so much and I know there are a lot more to learn. I realized that I lost so many opportunities to earn bitcoin just because I refused to learn about it before.

 

[Josemendez]

Cryptocurrency is characterized by volatility ,and this is what makes it tradeable . I could remember when I was new to cryptocurrency , I was confused by how many coins rises and increases .it was through comments like these that I learnt about it.
Newbies should know that their private key is of outmost importance for the safety of their wallets.

 

[Dowenship]

The first crypto currency is bitcoin, which was introduced in yea 2009 virtually more than a decade now, followed by ether I um and co. Bitcoin was giving freely during this time to centralize it before it grows into being a transactional means.

 

[Henrywrites]

Never under any circumstances forget your wallet password should be top on the list of what anyone that is planning to join crypto currencies trading or investment should note.

I have always found a way to ensure that I have the passwords to BTC wallet written somewhere. That way, I won't forget it when I need it.

 

[Ehizzy1]

I think a newbie should know how to trade and also the list of crypto cuurency , so that the newbie won't make big mistake in investing at the wrong time and make huge loss at the end lf the day , so its best to learn about crypto cutrency very well before investing any dime in it i think

 

[tuna89]

I think you said the major points, one should as well keep himself updated with the various forecasts from experts, you also need to study some other cryptos in the exchange, the market forces and trading should be studied as well, this will enable one understand the dwindling value of the crypto and understand which to buy and hold.

 

[Highflyer]

Keep these seven things in mind before buying cryptos:

• Cryptos are risky.
• The uses for cryptos vary.
• Cryptocurrency investors use many strategies.
• The IRS doesn't consider cryptos to be currency.
• Cryptos may fail.
• Cryptos can vanish.
• Cryptocurrency prices can be driven by emotion.A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.

 

[Nicklas22]

You Should Know
You'll need to exchange real currency for the cryptocurrency to access the good or service. Cryptocurrencies work using a technology called blockchain. Blockchain is a decentralized technology spread across many computers that manages and records transactions. Part of the appeal of this technology is its security.

 

[ahmedo24]

Keep these seven things in mind before buying cryptos:

• Cryptos are risky.
• The uses for cryptos vary.
• Cryptocurrency investors use many strategies.
• The IRS doesn't consider cryptos to be currency.
• Cryptos may fail.
• Cryptos can vanish.
• Cryptocurrency prices can be driven by emotion.A cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services, but uses an online ledger with strong cryptography to secure online transactions. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward.

Fact filled opinion , though with the level of investment into Crypto currencies with over $1trillion market capitalization one could say it might very difficult for Crypto currencies to vanish, other factors remain valid

 

[Damscooguns73]

Concerning what a newbie should know about cryptocurrency coin. Well, the individual or newbie that the cryptocurrency world is a volatile world, it rises and falls which is why the market it open for people to invest in. You should be patient in be informed about how trading is been carried out