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Nairaland Forum / Nairaland / General / Investment / What Advice Would You Give To Crypto Beginner And Why? (479 Views)
A University Student Believes There Is More To Crypto Than Making Profits / Learn Blockchain Technology And How To Crypto Trade (event) / Newbie to Crypto trading (2) (3) (4)
What Advice Would You Give To Crypto Beginner And Why? by jamin006: 8:39am On Aug 23, 2022 |
On advice to a crypto beginner, a sound first move is typically to find out: why they are interested in crypto. Because, in order to truly understand, crypto has been portrayed in various ways, such as get-rich-quick schemes. Some people have even formed some binomials on Twitter where they send you messages to buy a coin, but the first thing to always do is to understand their rationale for entering and ensure that they have the correct understanding of what crypto is. It is not a get-rich-quick scheme. So, my advice would be to look at cryptocurrency as a store of value, which brings us to one of the reasons why cryptocurrency exists. Another piece of advice is to study and consider crypto projects, as a long-term investment, with the understanding that it is a high-risk asset class. 2 Likes
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Re: What Advice Would You Give To Crypto Beginner And Why? by CryptoGuide: 2:27pm On Aug 23, 2022 |
In my opinion, the best advise to give to a newbie in crypto who is interested only in making money off it is... Find yourself someone very experienced to guide you on your investment journey. It takes years to have a full understanding of how the market actually works. I spend several hours daily doing crypto researches and yet I made my first millions (naira) in crypto after 4 years of actively being involved with crypto. If I had someone to guide me in the right direction then, I could have made the millions after only 4 months I joined the crypto space. Bottom line is... It takes years to understand how the market works, and if you're only interested in the money that can be made off crypto, why not just find someone experienced that'd show you the way and let's you avoid all the mistakes beginner investors makes that prevents them from making money. If you ever need a professional crypto guide from me (with about 6 years of experience in the crypto market), message the Crypto Guide Academy via 0 8 1 3 0 2 9 7 4 8 7 jamin006: 1 Like |
Re: What Advice Would You Give To Crypto Beginner And Why? by Qre1: 4:03pm On Aug 23, 2022 |
The best advice is to hodl for now Earn daily using binary options automated trading bots for deriv to trade
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Re: What Advice Would You Give To Crypto Beginner And Why? by Larynxhedon: 12:31pm On Aug 30, 2022 |
CryptoGuide: Why contacting a guide that will charge when you can learn it for free and even get certificate - https://blog.quidax.com/quidax-academy-beginner-crypto-course/ |
Re: What Advice Would You Give To Crypto Beginner And Why? by CryptoGuide: 4:44pm On Aug 30, 2022 |
Quidax, is a crypto exchange only teach you "how to perform certain actions/tasks such as buy, sell, deposit, withdraw, stake, lend e.t.c. That knowledge is only one part of the learning process. You and I both know you need more than that actually make money in the crypto space. They can show you how to place trades, but they can never show you how to make money. E.g. Consider the traditional school system, they will teach you how to perform tasks and operations relating to your course of study, but do they teach you how to make money off the knowledge? NO. It's left for you to figure it out. Of course, who doesn't know there are free crypto resources on the Internet, but when it comes to making money, allow pesin wey know road show you wetin dey bring in money. Larynxhedon: 1 Like |
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