What a newbie should know about Crypto currencies.

[Abigael]

Those are very good points you have made for the newbies in the cryptocurrency world. They should know that the feature of instability among the cryptocurrencies is what makes them so good for investment. If you study the prices well, you can buy them at a low price then sell when the prices go high.

 

[Aaron625]

Newbie should know it is possible to make profit from crypto trading by buying crypto at low and selling at high. He/she should know the best wallets to hold crypto during trading. He/she should understand crypto is decentralized in nature and no government has control on it.

 

[Heatman]

Cryptocurrency is something that you can actually get some profit immediately when you invest in the right cryptocurrencies, but when you invest in the wrong ones, you will lose your money.

 

[Setho]

As a newbie into Tue world of crypto you should know that it is not a get rich quick scheme and you have to work a lot for your money. The coin you buy matters a lot.

 

[Good-Person]

A newbie must always understand and know about the risks of losing money when it comes to crypto trading. I am planning to get into crypto trading but I always have a natural fear of losing money. Right now, I have been using some apps, which I downloaded from playstore, that help me to predict the price of Bitcoins.

 

[Sincerem]

Majority of this newbies aren't just interested in learning the basics of trading, all they just cared at the moment us getting money fast, cos money around trading isn't easy the way they think.

 

[Heatman]

They advise that I'm going to give new people that are yet to invest in cryptocurrency or that have just recently invested in cryptocurrency is that they should not make any any decision when it comes to their cryptocurrency.

 

[eLdavis]

These are good tips one should know before going into Crypto currency. Another thing a person going into crypto should also know, which many fail to find out before they rush into it is the risk involved. Many do not know about the risks involved in crypto they just go into it thinking its always rosey

 

[Haveit]

Anyone new to crypto currency should know that we have volatile and non volatile coins, this means that some coins fluctuate while some don't.

 

[Justin]

Before you invest make sure to check your country law regarding crypto currency. If it is banned never try you hands on crypto currency. This is the most important thing you should know about crypto currency

 

[McIrx]

What a newbie should know is that buying, hodling for a particular period and selling a coin is not the only way to make money in the cryptocurrency market. Learn extensively and choose your area to specialize in.

 

[Kelly5]

Most newbies rushing into the cryptocurrency arena for the first time have this misguided notion that they will just begin to make money when they invest into any cryptocurrency. That's very wrong

 

[Yusuf]

Crypto currency exchange Business Is a Digital asset that allows Investors to store their money In a Digital wallet after buying a coin. One thing you need to know again Is that the market comes with volatility

 

[Destinyfejiro]

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.

Also there are scam coins . These coins can be bought but can never be sold. Only the owner can sell it . You shouldn't be scared of not buying a coin because it's rising . There are a lot of coin so if you can't get one you go for the other.

 

[ahmedo24]

When a coin doesn't have use case and it rising you may be tempted to invest, this is normal just do that with little amount and don't hold for long

 

[Heatman]

Cryptocurrencies is not something that you will just jump into if you don't really understand how it works and as someone who is new into it you should know that you have to be very patient in order to make money from it.

 

[Ceeny007]

The first thing a newbie in crypto should know for me is the project a crypto currency is based on, know the difference between the bull and bearish period

 

[Heatman]

The first thing a newbie in crypto should know for me is the project a crypto currency is based on, know the difference between the bull and bearish period

Yes exactly, it's definitely something that they should be well educated about because it's one of the biggest challenges in knowing when to invest or sell.

 

[Kubiat-Abasi]

You should get a trusted coach that will guide you. You should also know that if you're investing in crypto, you're a risk taker and should be ready for any losses.

 

[Heatman]

When most people who don't know much about cryptocurrency lack is the will to be patient in the market especially when there is a dip in the market prices of cryptocurrencies.