Christmas Advent Calendar is annual contest to spread holiday mood and encourage engagement with fellow friends. You can participate daily and win rewards until Christmas!
It is Day 15 everyone!
Day 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 participation is now CLOSED! Winners will be selected soon and prize will be sent out right after payout! Go ahead and vote your favorite comments on yesterday's challenge to give them more chance of winning.
Winners
Day #1 winners: @forykw, @jizzyjoe and @elizacheng
Day #2 winners: @qwerrie, @wongbraling and @lydon.sipe
Day #3 winners: @gingbabida, @faith65 and @rhinoceros
Day #4 winners: @jlufer, @skylinebuds and @almi
Day #5 winners: @rosauradels, @erikklok and @nolyoi
Day #6 winners: @crrdlx, @jlufer and @talentclub
Day #7 winners: @shaidon, @minimining and @faith65
Congrats, happy holidays to you and your loved ones! π π€
Moving on to today's challenge...
Challenge #15
What advices would you give to those who are starting our on cryptocurrencies?
Leave your answers in the comments section below and 3 best comments will get 100% of this post reward (50%, 30%, 20% respectively) and extra 500, 300, 200 Ecency Points.
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Hivesigner: Vote for Proposal
Cryptocurrencies being a volatile market is really hard to understand and for someone who is just a newbie. Yes risks are there but don't take that much risk which you can't afford to loose.
Investment is not only about money, you can also invest only your time like using Hive.blog, writing good posts and earning handsome amount of money.
So always start from little, do your research and when you know that you now have some knowledge of cryptos then you can go with it.
Wise advice!
!ENGAGE 25
Thanks :)
ENGAGEtokens.Like everything else in life, it always pays to be well prepared when it comes to exploring entirely new ventures. If cryptocurrency is involved, then itβs advisable to always start with the basics of financial intelligence and the fundamentals of digital currencies. Some ways to achieve these results are to collect and learn all educational materials for this niche, ask the help of an experienced financial advisor with specializations in cryptocurrency, and if possible, work and be exposed to the actual day to day processes of this field. Most importantly, take small yet effective steps and calculated risks when dealing with your digital assets as a beginner.
Being knowledgeable is important!
!ENGAGE 25
Exactly! Cheers! π
ENGAGEtokens.I would tell them to explore how the blockchains behind work, so that they can have an idea why the crypto have value.
I would tell them to aim for the long term, and if they want to do trading, try and rationalize in advance, be aware of how emotions can lead your decisions.
Posted using Dapplr
Great advice!
!ENGAGE 25
ENGAGEtokens.Cryptocurrency is for everyone. We don't have to be a rocket scientist to learn about crypto and to earn crypto. Just do it. And most important of all, find and join a group/community that you can get along with and learn together. Hive is a good place to start with! We get to learn and earn at the same time!πππ
For me, I would advice anyone who's starting to;
Welcome to space!
Good advice!
!ENGAGE 25
Thank you
ENGAGEtokens.If you want to go slow, don't invest, if you want to go fast, invest everything you can.
Do what you like the most, without pressure and without obligation, let what you do be natural.
I would say not to invest more than you are willing to lose also do your own research before just throwing a lot of money at some coin or company :D
Hello dear friend @ cwow2 good day Excellent the advice you have chosen to transmit, I think the same thing to wish you a splendid day
hello dear friend good morning
My advice for those who start in the world of cryptography, is to create your account in hive, there is no better way to earn #critomonedas
For those who want to operate in token exchanges, do a good study before investing, especially those who back the tokkens.
Do not invest money that you can not afford to lose, being a volatile business can generate many profits as losses
do not be guided by advice from the web, do your own analysis
Agree! πͺ
Explore the Blockchain world, Do proper research and be willing to invest and analyse whatever advice is given to you. Also get close to those who have done it and still doing it to get more information, join a community of like minded people, take slow steps and calculated risks. Good day
My advice would be to set aside an amount that you wouldn't mind missing every week. Maybe $10-$50. Use that money every week or two to buy BTC and ETH. You can set this up easily with Coinbase.
During the time they're building up that little bit of crypto wealth, I would encourage them to keep learning more about cryptos. Mainly BTC and ETH. And if they had the time, I'd encourage them to join HIVE and begin reading and posting as well.
Once they have a solid understanding of those 2, I would say it's safe for them to venture into learning about altcoins. Of course a primary one I'd recommend is HIVE. Especially because it's a community and a lot could be learned from it.
I would share the resources I use most like TradingView, CoinGecko, Coinbase, Binance, etc.
I think that would give them a solid foundation. Of course I'd also let them know that I would answer any questions should they have them.