Your best advice regarding Cryptocurrencies

[1miau]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

[Churchillvv]

My best advice to anyone dealing with cryptocurrencies is ; Cold wallet/offline wallet on an airgapped device is the most secured way to protect you coins.

Whatever you do in crypto doing wallet related activities is best practiced offline as it's the most secured.

Additionally, having an airgapped device is more advisable to ensure your control of attacks, since the internet is not secured.

[Y3shot]

My best advice is to invest the amount that you can afford to lose and always do your research before investing in any cryptocurrency to be sure of what you are getting into.

Bitcoin is always the best option that every investor needs to consider first.

[Agbamoni]

My best advice would be understanding exactly you want with Bitcoin. Meaning, we should understand if we want to be a trader, investor or a project developer and yeah of course we can be both but some people make mistake in trading and then calling it investment, while some invest and later on play around with it like they are trading. Sticking to one makes it a lot easier for us to achieve our goal.

Trading and Bitcoin are two different things, understand them and maintain consistency.

[Obim34]

Advice is crucial for newbies, what one doesn't know is always a mystery. My sincere advice for newbies hopping into Bitcoin/cryptocurrency is not to FOMO, there is no time Bitcoin cannot be purchased but we do have the best time to stack up more Bitcoins, which is during the DIP. Newbies should learn to take advantage of DIP, and prioritize long term holding for their assets.

Also, newbies should know that Bitcoin is a very volatile asset, not to panic or sell once the market becomes bearish.

All stages of Bitcoin investment include: Buy (Strategies) (DIPs)> Hold (Knowledge) (Secure assets) (Don't panic when low) (Longevity) > Sell (During ATH).

[Orpichukwu]

Not your key not your coin they also follow for the type of advise way I they give newbie investors.

Another advise way I no they carry play anytime way I they tell am people nah say make them no ever see to invest for crypto as means of to carry make fast money, onces u see or you carry for mind say crypto nah money doubling something eh go easy for you to fall enter hand of scammers because nah the type of people way carry that type of idea they waka them they easily scam.

For the not your key not your coin advice; I also they extend am go reach where if you lose your key your coin also don lose and nobody go fit help you recover am, so make them protect that their key as if say nah their life, cuz once’s them lose am no coming back.

[SuperBitMan]

My best advice to anyone who is into cryptocurrency is to consider long term investment, long term investment has made a lot of people rich or wealthy, the money you get as a trader can be huge but it's can't be compared to those who are long term investors.
Take for example Bitcoin, there are people who has been accumulating and holding Bitcoin since it was just $1k till date you can imagine the kind of money they have now especially those who are so consistent, those who where trading Bitcoin may have made huge amount of money but don't forget in trading you lose sometimes and gain sometimes so if you have made huge amount of money in trading it simply means you have lost huge amount too in trading.
If you most trade do it using only 10 percent from your Discretionary income and then use a much more percentage for long term investment.

We all no that Bitcoin is volatile in nature and the only strategy that defeats it volatile nature from affecting us is long term holding.

[Makus]

I have series  of advice i give to newbies but my best advice is, now is the best time to get into the market yesterday was the overall best time and today is the best time to start accumulating those sats.

Because buying opportunities and time waits for no man, it's either you take advantage of it or loose the opportunity

[Mr Reporter]

 I think any newbies investing in cryptocurrency should have this mind set of making use of this methods
Diversification,Research,Security,  speaking of diversity this is mostly important to an newbies investor spreading his/her  investment across different assets to minimize risk.

[laijsica]

Of course, you have given the right advice for beginners if they improve their security and strengthen their own access. My recommendation is for those new investors to complete their own access in several steps such as mail verification and fingerprint. It is important to activate your own strong access for the security of the wallet before choosing a cryptocurrency. Yes, your valuable recommendation can be an important guideline for beginners before choosing and storing coins.

[Hewlet]

So feel free to let us know what your best cryptocurrency advice is.

My best advise is, Be ready for every and anything in the crypto space and don't forget to count your cost as an investor.

The market has proven that it can change at any point in time so, I've learned to be prepared for it all even at the time when the market is getting really bullish.

Another thing I've learned is never to allow greed come in when I'm dealing with altcoins. If it's bitcoin, then there's not so much problem about investing for the long term and refusing to sell even when you're at a profit region but when it has to deal with altcoins, it's best to opt out at the right time so as to stay safe and for all the potential uncertainties that might come along the way. What's applicable to bitcoin is never same with altcoins so know when to apply what.

[Promocodeudo]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

My best advise to newbies in regards to cryptocurrency (Bitcoin) is they should not be in a haste to make decision in this space, although the first thing first newbies should do is what you've said which guilding and making sure there seed phase and keys are very much safe without anyone interfering, newbies should be very much concerned about privacy and it should be very intentional because it as bitcoiner that's the first step and that graduates anyone to the investment itself, although knowing much about wallet may not come to some newbies mind at the beginning because most of them wouldn't see it as a priority at fisrt but the but the seed, keys, passwords should be reason being that those are the coin itself, if anyone lose control of those that's to say the coins are gone and purpose for the said investment will be defeated too.

In conclusion newbies pls stick to the advise given by @1miau because that's the foundational advise that's must adhered to if you really want to happy and remain in this space without regrets, another thing is, newbies beware of pump and dump projects littered every where in the industry, for a start go in with bitcoin because it is trustworthy and was built ok trust which wtil exist till tomorrow but you guys must know that you will have to invest invest with what you can afford persistently without pressure and hodl for a long term.

Most importantly, newbies should know that there's no free money anywhere so once they are in this space they shouldn't expect quick money because I come to understand that this idea of cashing fast has been the problem most newbies, they have this misconception about the whole thing there getting stucked if it doesn't work there way once they are fully in investment, newbies should understand that every investment has a concept and those concept most be followed if they actually want to be part the future and the greatness of cryptocurrency (Bitcoin) investment, I will have to stop here, @1miau I commend you for this thread, I hope our individual comment here help newbies that needs it.

[Joy- maker]

My best advice to newbies who are just getting started with cryptocurrency is to invest what they can afford to loose in cryptocurrency ( bitcoin specifically) bitcoin should be their priority, and that they should not borrow money to invest in cryptocurrency, because cryptocurrency is not a get rich quick scheme, it requires patient,time, endurance amd emotional control before you can profit from the crypto space.

[BitcoinTimi]

My best advice to newbies like me who are just coming into crypto apace is to avoid trading first buying and holding should be their first approach to cryptocurrency for them  to get familiar with the crypto space first before going into trading, because if you don't familiar with the market and if you don't understand cryptocurrency nor have good knowledge about it and you go into trading and then end up loosing money you will start calling cryptocurrency a scam, all because you started the wrong way by trading.

[Btcdeybodi]

~~snip~~
So feel free to let us know what your best cryptocurrency advice is.

My best cryptocurrency advice to newbies or anyone is that cryptocurrencies are not get rich quick schemes so if you are a trader, trade carefully and responsibly and if you are an investor, invest with a discretionary income because all cryptocurrency are risky and highly volatile so if you invest with the mindset of getting rich quick, you might loss and regret.

[Roseline492]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:

Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

I concord on your advice because is like a summary of all the advice we might give to any newbies because after every advises it comes back to the person investment and definitely if someone investment is not controlled only by them, then all coin might not certainly be safe because it might be under the vulnerability of getting affected if there is any issues from the place they kept it. So actually you are right and this is one of the first advice I will give a newbie to properly safeguard there coin, I will also advice the newbies that investing in a coin today doesn't mean they have become rich, I actually say this to clear some  unrealistic believe a lot of newbies might have.

[sotelorene]

We have always a lot to consider when it comes to cryptocurrencies, and sometimes you don't even know where to start to give newbies important advice. So: what is your best advice for cryptocurrencies?

My best advice is:



Not your Keys - not your Coins

Because storing your coins when you have your own access is always very important if you want to keep control of your coins.



So feel free to let us know what your best cryptocurrency advice is.

My advice will depend on which part of cryptocurrency the newbie wants to venture or dive into and if the newbie said he or she wants to go into trading, I will advise him not to go because of high possibility of making loss almost all the time but if he insisted, I will then advise him again to ensure to use a capital he can afford to let go and he should not borrow to trade. Moreover, if the newbie wants to go into investment which is the best part to follow, I will advise the newbie to also invest with what he can afford to lose and he should ensure to hold for at least 4-5 years and while holding he should also be consistent in accumulating... but he shouldn't try to outsmart the market because it can lead to problem.

[Shadiq]

My best advice about crypto would be to stay away from temptation and invest money that you can afford to lose. Sometimes even if you have your private key saved, you can be tempted to spend money on the wrong crypto (coin) and end up losing your entire money. Wallet access is always important, because it is like the key to your house. However, sometimes due to wrong decisions, that key may not be very valuable, because there are assets inside the house that have become worthless over time.

What I mean is, sometimes we see different campaigns about some crypto coins and the increase in the value of the coins is promoted. Investing in such campaigns without doing any research for profit will not be the right thing to do at all. In other words, the temptation to earn more profit in less time is a scam. You should always try to protect yourself from this scam.

What you can do is invest in Bitcoin or some trusted coins that will never give you or promise to give you more profit in the short term. Since the probability of losing in these cryptos is low, I consider them to be more valuable assets, the key to which will certainly be more important and valuable. In addition to these coins, you can invest in small amounts in some memecoins or oltcoins to bring alternatives to investment, which you can lose.

[Zackz5000]

Bitcoin investment should be the first choice when thinking of going into the crypto market this is my first advise because among all cryptocurrency bitcoin has proven to be the best and the most reliable and trusted coin to accumulate, let also the mindset of thinking that bitcoin investment is a get rich quick scheme where you can invest today and expect huge amount of money the next day no bitcoin investment should be a long time investment where we shouldn't also invest with the money we won't be in need of for a very long time, it should also be what we can afford to loss and not money for family upkeep and other important needs.
Lastly never to sell out when their is decline in price due to fear of decreasing more in price for that's one of the characteristics of Bitcoin when it dip it will also rise again.

[Donneski]

I think I've already read some of the advice I would give a newbie but there's another one which I think deserves to be put out here so it can help any newbie that will visit the topic to learn from it .

As a newbie, you need to be very open to constant learning new things about Bitcoin, if possible on daily basis. One of the most common misconceptions among new Bitcoiners is that they do think that Bitcoin is a finished product — a digital rock you can buy, hold and forget. But the truth is that Bitcoin is constantly evolving and for you to  truly benefit from it, you evolve with it by learning every new thing you encounter about Bitcoin.