Published weekly , this series is dedicated towards new people entering into crypto space . I have been involved in blockchain space for little over 1.5 year . When i started , i had no idea what blockchain or bitcoin or crypto was . Just started out of curiosity .
Fast forward now (2018) i can only say " What a journey it had been !" I am blessed being able to learn so many important technologies and beyond. So i intend to write a weekly cover on my journey(mostly i will cover the mistakes i did) .
Note that i dont have a tech background , passion is only drive force . So anybody who thinks you need to be a tech expert is untrue in my opinion. Blockchain is more of a philosophy than technology.
WEEK 01 : How to get started with cryptos ? (5 Steps guide to newbie)
Open up a secured wallet : A secured wallet means you got your own private key , have 2 steps authenticated access for both email and user ID. ( for bitcoins and ethereum i think blockchain.info is the best ) . Popular mistake is to open account in an exchanger first(bittrex, binance etc ).
Buy Bitcoins and Ethereum : This step is tricky as everyone is so much focused on financial gains . Please never buy more than 100 USD first time . You cant earn without learning first and for that 100 USD is enough . If you buy more , your focus will be distracted and learning wont happen . Another mistake commonly seen if buying low priced tokens first . Please avoid these and start with BTC and ETH first .
Fear of missing out : By now you know about how a pizza could cost millions. And stories about self made millionaires in the crypto space . All these hype is real and it just attacks the newbie in a very bad way . Yes , crypto is fast money but it isnt available to indisciplined . So please avoid any sort of rush/urgency to buy a particular token . Remember " there are couple more years ahead for the whole world to be aware of cryptos"
Do not start trading : Never jump into trading until you master the art of HODLING or investing . Trading much more riskier than investing into cryptos . Till you know the blockchains , tokens , icos , platforms , DEX and abcs of derivatives its more likely not suitable for you. Spend time in learning not in wasting energy.
Learn from authentic resources : Never trust social media posts , specially facebook posts on cryptos . Use reddits , good youtube videos , official websites , slack channels , discord , twitter ( in some cases) for your orientation and learning about a project.
Leave comments if you have questions for me .
Disclaimer : These are my opinions and not a financial advice.
Boss you are really boss...
You are right bro!
well done
thanks
Nice information and dedication for newbie like me...
Share your experience on steemit to help us ...it will be great
Appreciate it brother. Thanks
A Beginners how to start Trading?
A beginner should not start trading in my opinion . Even if you need to start , do it with 100 USD . Right now binance would be a good place to start. Thanks
Thanks for the info bro
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Really Helpful content
thanks bro
these post is really helpful for me...thanks for nice informative post..
thanks . i appreciate it
good advice bro..newbie can learn a lot for this post. keep posting :)
happy to be able to contribute. Appreciate that.
actually when I am reading this article I did not give attention the publisher. After reading when i gonna to follow the publisher then became surprise bcz that was our big bro and no need to say that was a great opinion besides this eagerly waiting ur next valuable post..
keep connected bro . I will try my best to keep the series going.
I ought to read this post before starting investment in crypto! Yes, I have already understood the first 3 points' merit. I thoughttt, should I move with such little amt of BTC? Surely not! So my learning got hampered for frequent checking of fund & price as well! Another one is opening wallet @ binance exchanger!! Last one is starting trading very early!!!
Whatever, still now I am gainer for cordial help of my dudes. Tnx for "post for cypto novices ".