To start this article we at Cryptoherbs would like to thank all of the people that have followed , voted and commented so far and hope to grow so that we can distribute more knowledge and ideas ! We truly appreciate it. Also we would like to mention that we would like to know your opinions on the topics we discuss so that we can learn from each other.
There are a lot of different opinions and guides on how to exactly get into the world of cryptocurrency. But here is our version. This will not be an extended explanation of what cryptocurrency is but just how to get started. Most of you already know a lot about it and have been working with it for some time now. For those of you , this could be a refresher of the fundamentals of the CRYPTO-WORLD.
Firstly you want to check out : What is cryptocurrency , What does it mean and what is the use.
Here are some videos that help to explain :
By SciShow
By Good Mythical Morning
Secondly , one must understand what the "Blockchain" is because this is one of the most important components of cryptocurrency . Here is an article explaining exactly how and what , although this is a quite long article , the fundamentals are clear.
https://blockgeeks.com/guides/what-is-blockchain-technology/
Thirdly , Read up on coins/tokens/ICO etc you want to invest in so that you are 101% sure of what it is that they exactly carry out for functions and what their goals and achievements are. One important aspect can be considered as well. Which is who exactly is behind a project , is this person(s) reliable or has this person(s) had any experiences (Successes/Losses) in the Crypto-world. So a background check is advised. Also , BELIEVE in your investment. this is very important because if you don't stand behind an idea and randomly invest in something on someone else's advice it could affect your sell/buy attitude. (may result in Panic sale)
Quarterly, Never invest more then you can afford. ONLY INVEST DISPOSABLE INCOME. If you choose to invest more then you can afford then you might end up with large losses or even debt. Therefore , a simple tip is to start with a small amount and to build up from there. Having smaller investments in multiple places is most of the time better then having it all in one place. This of course varies on the opinion from person to person.
After you have done that, Get settled by creating a wallet such as JAXX where you can store your cryptocurrencies. This is one of many wallets out there. Here is a list of the top 10 wallets available today.
https://disruptordaily.com/top-10-best-cryptocurrency-wallets-for-2017/
Buying cryptocurrencies can be done with multiple websites. Coinbase , Anycoin etc. Just check that the prices are correct and that the source is reliable.
When you are all set with your investments. Remember to not constantly check the prices changes because this will not increase your profits but could cause you to panic and sell your coins/tokens. Basically to let's you make bad decisions. Sometimes your profits are bigger when you hold on to them long term then trading in the short term. In conclusion remember to have FUN in the beautiful world of cryptocurrency and all there is to come.
Steem on friends ! Make sure Follow, Vote , Resteem and comment to let us know what you think.
Keep it STEEMIN'
