What a newbie should know about Crypto currencies.

[Kinglegend01]

I think Newbies should 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. 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.

 

[Mrallison]

I'll advise a newbie to join a reliable charting platform in other to get updated or info on how different crypto currency rise or fall and also to bare in mind that there's certain percent risk of falling not just thinking it'll rise alone.
Also try and invest in different currency and not just one

 

[Nomad]

If you are new to crypto currency, you should remember two important things about crypto: one, crypto currencies are digital asset that you can buy,sell, trade r invest; two, crypto currencies are just like fiat currencies that you can use as payment form.

 

[kayode10]

The thing that sadden my heart is that most newbies thing cryptocurency is a get rich quick scheme. They often believe that once they put in money, the next thing is to cash out big. More often than not, they loose the hard earn money. Some even for the victim of mining scam and entrust their money to someone to mine cryptocurency for them only for the person to abscond with their money.

 

[Goldentaby]

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.

Newbies should know when you use an exchange to buy cryptocurrencies, you own the cryptocurrencies yourself. In order to open a position, you must open an account, pay the full value of the underlying asset and hold the crypto coins (tokens) in your wallet until you are ready to sell them.

You need the requisite experience and expertise to get a grasp on the technology to trade in these types of exchanges.

 

[GoldenLady]

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.

This is really true when it comes to investing in cryptocurrency. You can't put all your eggs in one basket.

Diversifying will help you to balance the losses you are sure to experience with some coins, even popular ones like Bitcoin.

 

[Shivay]

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.

Brother all you have said is correct. But the most important thing while trading crypto is to invest wisely. Crypto is something , that a wrong step can even make you lose all your money. so just but and sell your coins after analysing the Current marlet scenario and price fluctuation.

 

[Gilead]

Well newbies in cryptocurrency should know some particular facts about cryptocurrency platform they should understand that it is not a thing that you can go in and out anyhow they should know when to buy or sell their coin. They should know when to not buy or sell.

 

[Sammyesx]

For a newbie I would advice you stick to buying and selling of bitcoin, that is like the easiest part, register on any bitcoin exchanger like luno or binance , buy any amount of bitcoin you can afford, and wait until value has increase to more that what you bought it, then sell if you want to. A few video on YouTube will give you an insight

 

[Richmond funke abosede]

Investment should be done if only you have the experience and money to go into it

 

[Janita]

Yes newbies should definitely knows about the crypto currency because if they had know the knowledge and idea related to crypto currency and Bitcoin so they will easily solve the problem about currencies when it arise.many people like newbies Don't have an idea about single currencies so they are facing problems related this.

 

[Adeyoola7]

introduction as it has been ruling the crypto market for months.

This exchange is good for beginners and advanced users alike. They also have an inbuilt option in their UI to switch between the two modes, a feature that makes their UI very user-friendly.

 

[singlej007]

You have said it all on what new bie should know about cryptocurrency. You listed out all the basic, and I just want to add a few that look advanced but not really advanced.

A newbie may want to know or should know that cryptocurrency can be mind, Cryptocurrency can also be gotten free through Airdrop, and be traded in various exchange site like binance bittrex okex, etc...

 

[Peppul]

As a newbie it is best to always research on what you don't know, check online and read reviews about crypto currencies and how to start, or get a mentor to put you through the basics of crypto currencies because it's not something you can just start guessing on like many other things, to invest in crypto currencies you need to have basic knowledge of how it works and how the market structure also works. Many people have gone into crypt trading without having an idea of what they are doing just by guessing and they end up loosing their money and you see them coming online to come and nag. So be sure to read about crypto currencies before you go into it.

 

[Kennysplash]

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 certainly provides a great insight for newbies planning to invest in cryptocurrency. But this is just scratching the surface. You need to delve deeper and understand more about it before you put in all your money.

 

[Donolatunji]

A cryptocurrency is a medium of exchange like normal currencies such as USD, but designed for the purpose of exchanging digital information. Cryptocurrency is defined by Investopedia.com as a decentralized “digital or virtual currency that uses cryptography for security” making it difficult to counterfeit.

 

[Shivay]

Well newbies in cryptocurrency should know some particular facts about cryptocurrency platform they should understand that it is not a thing that you can go in and out anyhow they should know when to buy or sell their coin. They should know when to not buy or sell.

yeah, they should know that they have to do the proper analysis of the cryptocurrencies in buying and selling. It is not a fun to invest 20 or 30$ dollars that its seem cool but they should completely learn and be a trader.

 

[Heatman]

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.

The information on the volatility of all Cryptocurrencies should be hammered hard to all newbies who want to invest in cryptocurrency because most won't understand how it works and feel like they have been scammed when the price starts to take a down slop movement, they should learn to hold their coin and not sell off.

 

[Afrinish]

The best way of the learn of the market of the crypto curreny of the knowledge of the purpose of the things of the knowledge of the advanced profit and the benefit of the currency and the dos and dont of the trading platform. Crypto is more than what you do because your friends and relative .

 

[Adetayo100]

Cryptocurrency is digital money. That means there's no physical coin or bill — it's all online. ... You can buy cryptocurrencywith a credit card or, in some cases, get it through a process called “mining.” Cryptocurrency is stored in a digital wallet, either online, on your computer, or on other hardware.