Heya, I got into cryptocurrency investing/trading recently.
The best way to start would be to read up on some beginner resources regarding blockchain and the underlying technology.
Once you understand that then check out reddit.com/r/cryptocurrency for eg or some blogs or guides to get the gist of trading and what sort of exchanges are around.
Once you have an exchange (binance for eg) and a way to turn your $$$ into some sort of starting value (bitcoin or ether is most common from $$$) (coinbase for eg) then you'll want to go ahead and turn your dollars into crypto. Now if you're happy just holding bitcoins or ether or whatever then you're finished. I'd recommend getting an offline wallet to hold your dosh in since that's safer for long term holding than having it online. If you want to take this a step further though then we can now look at some smaller and newer coins to invest in.
Have a look around at what's on the market, read some whitepapers and see what you think has a legitimate case for use in the future and what solves a problem. If you're feeling something, then go ahead and buy some. Don't fret over looking at the charts and wishing you had bought a week earlier when it was 25% cheaper, just jump in now. If you've picked something that will grow in the future then you have nothing to worry about, growth will come and you'll look back at the entry point you picked and wish you'd bought more.
Now either move that offline and store it (or don't if you trust the exchange I guess) or you can try day trading and shit like that. If you're just making a start though I'd say grab a bit of TRX, VEN, and maybe XRP and just watch the prices go up.
And as always remember, don't invest more than you're happy losing. This is essentially gambling. You can try all the technical analysis you want but at the end of the day this is a fledgling industry fueled by a LOT of emotion, speculation, rumor, etc. Everyone here is pretty much just a money throwing darts. But I'm confident that what we're seeing here is/will be on the same level of a new internet/dotcom boom. Sure bitcoin has been around for years now but even if you're just investing now you're very much an early adopter still.
Heya, I got into cryptocurrency investing/trading recently.
The best way to start would be to read up on some beginner resources regarding blockchain and the underlying technology.
Once you understand that then check out reddit.com/r/cryptocurrency for eg or some blogs or guides to get the gist of trading and what sort of exchanges are around.
Once you have an exchange (binance for eg) and a way to turn your $$$ into some sort of starting value (bitcoin or ether is most common from $$$) (coinbase for eg) then you'll want to go ahead and turn your dollars into crypto. Now if you're happy just holding bitcoins or ether or whatever then you're finished. I'd recommend getting an offline wallet to hold your dosh in since that's safer for long term holding than having it online. If you want to take this a step further though then we can now look at some smaller and newer coins to invest in.
Have a look around at what's on the market, read some whitepapers and see what you think has a legitimate case for use in the future and what solves a problem. If you're feeling something, then go ahead and buy some. Don't fret over looking at the charts and wishing you had bought a week earlier when it was 25% cheaper, just jump in now. If you've picked something that will grow in the future then you have nothing to worry about, growth will come and you'll look back at the entry point you picked and wish you'd bought more.
Now either move that offline and store it (or don't if you trust the exchange I guess) or you can try day trading and shit like that. If you're just making a start though I'd say grab a bit of TRX, VEN, and maybe XRP and just watch the prices go up.
And as always remember, don't invest more than you're happy losing. This is essentially gambling. You can try all the technical analysis you want but at the end of the day this is a fledgling industry fueled by a LOT of emotion, speculation, rumor, etc. Everyone here is pretty much just a money throwing darts. But I'm confident that what we're seeing here is/will be on the same level of a new internet/dotcom boom. Sure bitcoin has been around for years now but even if you're just investing now you're very much an early adopter still.
First of all, thanks for the a+ reply. I did as you advised and for the last 4 or 5 hours I've deeply researched blockchain and feel as though I understand it pretty well. Currently on reddit and browsing around. What do you mean by "move it offline and store it"?? And what particular advantage does this give.. if any? Also, do graph trends have any kind of importance via cryptocurrency trading? Do you feel as though Ven is going to keep going up? and also what are you comparing to the internet/dotcom boom
Again, thank you everyone for the replys. I understand I could have just gone to google and searched it... but I figured if anyone here knew about it why not start a discussion and share the knowledge.