RE: Getting lost in the crypto currency jungle

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RE: Getting lost in the crypto currency jungle

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simoneb (47)in #cryptocurrency • 7 years ago (edited)

Thanks for sharing!
I want to ask, to a newbie that has just approached this world what would be your best advise/suggestion?
If, for the first time ever, I would like to invest on cryptocurrency what do you suggest?
And last but not least, in your opinion what is the most valuable website to learn from?

7 years ago in #cryptocurrency by simoneb (47)

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blocklab (59) 7 years ago

I cannot really give advice. What I personally learned and wish I would have done from the start:

Only register fully to level 3 with one exchange (Kraken) so that you can exchange fiat <>cc any other exchange accepts BTC afterwards
check out a cc that have a "real life usage" like Steem
try not to store any cc on an exchange use wallets. not all wallets are trust worthy either -.-
diversify, diversify, diversfy - in case one coin, wallet, exchange crashes or even disappears the loss can be mitigated, partially at least
personally I just invested some more into Lumen (XLM) = very good developer community, Dogecoin (DOGE) same as before, fun and big multiplier chance if it would ever hit 1$, Bitcoin & Ethereum are the must top#2 for me
good luck 🍀 always make up your own mind