Keep this in mind before you start investing in cryptocurrencies.

[ShadowCrypto]

Keep this in mind before you start investing in cryptocurrencies.

If you are starting out today then these tips are very valuable.

- Do not sell something to buy something else. If you need to do that, you have no money right now.

- Do not put money from children's milk, put money from beers;

- There is no guaranteed return. If so, it violates the basic risk-return rule and possibly you are dealing with some level of scam;

- It is impossible to extract fixed income from variable assets. If something is telling you that it is possible, that something is wanting to reach into your pocket;

- There is no quick way to get rich, what there is is the perception of an opportunity that if perceived late, can make you lose or gain less than expected, costing a security guarantee.

- Bitcoin is a protocol that enables the existence of a distributed registry and its validation in a decentralized manner, representing an alternative to the traditional financial system that uses intermediaries. It means that there is no need for banks to carry out transactions.

- If you do not understand what the absence of intermediaries means, I suggest you go back two houses before investing.

- Of course, there is a lot of things to learn, but, this is the first steps you should lnow.


*** A cryptocurrency is a decentralized medium of exchange that uses blockchain technology and encryption to ensure the validity of transactions and the creation of new currency units. Bitcoin, the first decentralized cryptocurrency, was created in 2009 by a user who used the pseudonym Satoshi Nakamoto.

[Kevin7788]

Good info! I'm sure, it will be useful for every person who is going to start using cryptocurrencies. I want to add that it is important to improve your skills and knowledge. Here I can recommend to check a list of great resources for beginners https://cryptolinks.com/cryptocurrency-beginners [nofollow] . I hope, they will help someone.

[ShadowCrypto]

Good info! I'm sure, it will be useful for every person who is going to start using cryptocurrencies. I want to add that it is important to improve your skills and knowledge. Here I can recommend to check a list of great resources for beginners https://cryptolinks.com/cryptocurrency-beginners . I hope, they will help someone.

Sure nice info, I't will be really helpful, my post is only the first steps, there is a lot of things to learn.

[Adoragamand]

Very good pack of information here for someone who is really that new anyway with everything possible you may already have. What do you want to do now ? I am kinda lost totally and completely for example. How we can go on here ?

[mlawson71]

That's good to know, I will keep it in mind, thank you.

[Aulore]

Main thing is that you need to invest in them only when it gave you something like 1000% in return and costed a lot less than it really is. Otherwise it's simply doesn't worth it at all for example. Too many risks involved with that matter anyway.

[Pififop]

Before you start buying and investing in cryptocurrency, you need to decide for yourself how much you are willing to invest and calculate all the possible risks, because the cryptocurrency market is not predictable.

[mlawson71]

I agree. Learn as much as you can about the currency you want to invest in before you make any moves.