Hi! I am a new to cryptocurrencies but I am very excited and want to start investing. I really want to understand as much as I can before I invest, so can you tell me which ones I should consider and why?
Give me some great reasons and when I get in, if I make some money I will share it with the people who gave me the best advice. Please give me some real things to think about other than what I have probably already read. Thanks in advance. Let's have some fun with it and make some money!
First, you need to download a wallet that acceplt your local currency. In the U.S. coinbase is the most popular. Google search should point you in the right direction. After setting up your wallet, you'll be able to contribute funds. After contributing funds, you can use other wallets to diversify your coin/token holdings. These are general instructions and I've helped a couple of my friends begin. They're both really pleased. Reply is you need any more help.
Thank. This is helpful. Question for you. There are many different types of wallets. Some are virtual some are actual. Which ones do you recommend and are all of the virtual ones the same. Which ones do you recommend? Also I am outside of the US (American but I live in Thailand and may be moving to Singapore in February). I am researching how I can purchase from here. Have a meeting with someone here tomorrow and I will update. Thanks in advance.
I too am fairly new to this, I've been trading for less than a year so I can't give you financial advice. However, yes there are virtual and hard wallets. I use a few virtual wallets and haven't yet seen the need for a digital one. I watch David Hay crypto riot on you tube, I also follow the dollar vigilante Jeff Burwuck. They have videos about hard and paper wallets. I think you first must start with a virtual wallet to purchase the coins then transfer to hard wallet. There are ATMs that sell Bitcoin but I've not yet seen or used them. Keep researching for yourself that way you can become better educated in your decisions.
https://blockgeeks.com/guides/cryptocurrency-wallet-guide/
I hope this stears you in finding answers.
Thanks a million. Taking your great advice!
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Waves, LTC... BTC has too high an entry point for most now, unless you have an insane appetite for risk...
Orymcoin @orym (on the waves platform) is plentiful and cheap...
Thanks. I like what I am reading about the Waves platform. Did a little research on on Orymcoin. What do you love about Orymcoin? Where is it listed? Thanks.
Orymcoin is a WAVES token, so is traded on the waves platform DEX.
Unlike most other tokens, #orymcoin does not claim to have any utility or function, it is simply a token to tip, trade, and have fun with. Like Dogecoin, but without the crime (their words).
Waves is really beginning to blow up- price is starting to go up nicely, it hit £16 today, some are calling $1000 next year...
They are very professional, very focused on making the WAVES platform a world leader...
@davidallenjones,
I'm not a financial advisor and never risk more than you're willing to lose.
That said, there are so many options to choose from you'd get a headache visiting them all. The suggestion I was given was to find the sectors I like, i.e. tech, meds, money, etc. and choose one to start.
Then every time it dips way down buy some. When it goes way up, sell a little. But always hold some in reserve just in case it goes higher.
Longer holds do not mean bigger profits as some cryptos may not come back to life however, that's the nature of investing.
If I dare mention a coin I'd probably say LTC only because I like it. But I love anything thats tech related or has something to do with the blockchain and the coins themselves because that's the future. I also enjoy a nice smoke now and then so there's the marijuana sector.
Hell man... They all make me grin in the morning so do what ya love and the money might follow.
@fredacker, I love this post man. Yes I agree about the approach. Chase what you love because even if you don't catch it, you will have a lot of fun. I like LTC too. And the buying on dips is my strategy for sure. Smart approach and solid people behind it. I am going to look into some coins focusing on what I love. Let me look into that. Thanks and keep the thoughts coming please.