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Are you new to investing in crypto? Are you new to investing? Here are my Top 5 Tips for you successful beginnings.

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Every Weekday at 7 am I go live on Facebook to speak to friends and family about Blockchain, Bitcoin, and especially STEEM. We are starting out slow and basic so if you are new, you have found the right place. Everyone is welcome to join us live. Everyone is invited to watch these videos. Your upvotes and resteems help other people who are looking for this basic information. I welcome all you questions and comments as we all continue learning and taking care of each other with blockchain, steem, and in real life.

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My Top Five Tips for New Investors in Fiat or Crypto

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1) Breathe and Be Aware of How You Feel

It is important with anything new to breathe, take a moment and take action from a calm place. It is important to know how you feel about your investments because if you do not, then others or the situation will try to use your emotions against you. Many people fail in trading because they are not in touch with their emotions. They believe they have to remove emotions from their decisions. That shuts you off from from healthy skepticism and healthy confidence. It is important not to make decisions out of fear, but one must be aware if one is afraid in the first place. Equally as important is not to make any financial decisions out of anger or regret. One needs to be calm, happy and healthy. Well + Healthy = Wealthy. So be well, be calm, breathe.

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2) Only invest what you can afford to let go of.

Do not take out another mortgage. Do not take out a pay day loan. Do not sell the house and car. Do not risk it all. Only invest in what you can afford to let go of for the next 6-12 months at a time. Yes, you can save up for 10-20 years down the road. That is a wonderful goal. But you need to pay bills, put gas in the car, eat, and it is important to spend time with family. So ask yourself, Do I need this money for bills this week, this month? How much can you let go of? It's ok if it is a small amount. If it is only $5-$10 a week at this time, then I highly suggest starting to micro invest in Acorns. But if you can put away even $20-$50 you can start putting a little each week into Coinbase. Remember, you do not need to "own" a whole bitcoin. And side note, you can get started making STEEM for free. But only invest as much as you can let go of for the next 6-12 months at a time.

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3) Buy Low. Sell High

Buy Low. Sell High. When the price is up, even when everyone is getting excited, one does not buy. When price is going down, and everyone is getting scared, one does not sell. When price is going up to the moon, when it starts to stall up in the heavens, and everyone is bragging about lambos, one can sell. When price is down and everyone is crying about blood in the streets, that is the best time to buy. (Side note, at this time, Bitcoin and Cryptos are falling, be patient, soon they will be very cheap.) And at the end of the day, HODL is best policy overall. But if you are going to put money into something for the first time, wait til it is going down. And if you need to withdraw some funds to pay bills or want to cash in profits 6-12-24 months from now, wait til price is up. Plan accordingly. Buy Low, Sell High. But once you have invested, HODL. Hold On for Dear Life. Don't even bother looking at it for 6-12 months remember. Trust yourself, invest, and Hold, HODL.

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4) Bitcoin, Litecoin, Ethereum, STEEM. Coinbase, Gdax, Bittrex, Steemit.com

Tip Number Four is ~ Four Cryptocurrencies for Beginning Investors to invest in. ~ and Four essential Websites to set up in order to manage their investments.

Bitcoin

The face of the franchise and is currently being traded by legacy traders from London, to Wall Street, and Chicago. As much as many people within crypto have lost their love affair with Bitcoin, every other altcoin is ultimately pegged to the almighty Emperor Bitcoin in the same way that most other currencies and good are pegged to the almighty King Dollar. It also still has it's Maximalists the same way that Gold has it's Maximalists. There will always be support for Bitcoin within our lifetime. Your goal is to own one bitcoin by the end of 2018.

Litecoin

The testnet of Bitcoin. It has been around a long time. It is the Silver to Bitcoin's Gold. It's founder, Charlie Lee is very active in the public eye and is hands on involved with the Litecoin protocol. They are currently faster in transfers and cheaper in fees. But more info on that another time.

Ethereum

The wonderchild shapeshifter. Ethereum is more than a store of value. Most ico's only accept ethereum as payment and many new projects with their own token are built on the Ethereum protocol. I am surely not getting all my jargon correct. But Ethereum's Founder sure knows what he is doing, Vitalik. I just call him Vitalik. He is a wonderchild from Canada with Russian heritage who was encouraged by the same Bilderberg Venture Capitalist behind Facebook and Paypal, Peter Thiel. Disclaimer, I am an administrator for the largest Ethereum Group on Facebook and it has a devoted and confident community.

STEEM

My personal favorite. Just want to be open about that. Steem is more than a transfer of value, it is also a transfer of information. It's CEO Ned Scott continues to introduce innovation and creativity onto the blockchain. It currently is one of the most widely used, fastest, and cheapest crypto currencies. One does not simply use Steem to pay for goods and services. One can share information in the form of blogs, video, photos, and life stories. The conversation of steem is at this time just beginning. But this too will be around a long time.

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All four of these are based on a forecast of longevity, scalability, and value. They have shown a record of resilience through criticism. They continue to grow in function and usability. Therefore I suggest the beginning investor look into them.

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Coinbase

For beginners, this is where you are able to first put money towards investing in bitcoin, litecoin, and ethereum. One must take one's time, breathe, and be patient with the application process. It is FDIC insured and very similar to a bank, they're gonna want to verify your ID. The nice thing about having some Bitcoin on Coinbase, is that if you buy a VISA Shiftcard via shiftpayments.com you can pay bills down the road with a card.

GDAX

After you set up your Coinbase account you should set up your Gdax.com account. Gdax is an exchange connected to Coinbase. From Gdax, you can manage your funds in coinbase by depositing them onto the exchange. From GDAX you can send money from your bank account and invest in Bitcoin, Litecoin, Ethereum at a cheaper rate. You can also send to other exchanges from Gdax.

Bittrex

This is another exchange. This is where you can invest in several Alternative Coins, "Altcoins". Or as they are commonly called, Shitcoins. This is a whole different conversation. But for now it is important to know about Bittrex because it is where you can invest in STEEM. It is also where you can start the process of turning your STEEM into Bitcoin.

Steemit.com

This is where the magic happens. Imagine if Facebook, Instagram, Medium, or Youtube actually paid you and your friends nickels and dimes simply for interacting and sharing information without the need for tips or advertising. Nothing is perfect and there's always ways to earn more. But basically steem is where it all starts for you to connect with the cryptocurrency community. This is where you are reading this right now. This is where you and your friends can interact and down the road have some cryptocurrency rewards to show for it. There is so much more that goes into steemit. But for now, this is an essential resource for all beginning investors especially in cryptocurrencies.

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5) Don't Quit Your Day Job.

Didn't think I was gonna get to Number Five? Well it is simple. Don't quit your day job. Keep doing what you are doing. Keep believing in your dreams. There is no need to do this full time. Breathe, be calm, know what your limitations are, take some time to sign up with the essential sites, and invest a little time each week to learning and investing responsibly.

*HODL

Side note. This is the best advice for all investors and traders. Once you have invested in something, HODL. It's origins are silly going back to a typo and a tattoo meme. But basically it has become synonymous with the best advice in Crypto, which is Hold On for Dear Life. It bares repeating because often new investors start thinking that they can trade without any prior knowledge. But the truth is, just buy low, HODL for 6-12 months. If you need to withdraw, then it is best to wait til price is high. Plan accordingly. Then go back to living your awesome life.

My name is Jacob TS. If you were looking for this kind of info, please consider resteeming this to help others also find this. I also appreciate a nice upvote as it helps me continue putting in hours to help friends and family with crypto. I receive many calls, texts, and messages and I do not charge for my services as this time. So if you have any questions, your comments are welcome. Thank you and wishing you all the best.

~ previous posts ~
Fat Earth Debate Continues on Steemspeak
Scooba Cops . Chicago & Hollywood Reunions
Chinese New Year Lion Dance . Chinatown . Los Angeles
disclaimer: i know nothing. haijin is me hero

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