"Investing in oneself will always be the best investment a person can make." ~ Charles Fuchs.
What's Up STACKERS!
Before I get started, remember that I'm not an "Financial Advisor" and that they should talk to one when making an investment into anything. However, I never will use one... I just can't take money advice from people who make way less than me. π
There are so many "newbies" coming into the cryptocurrency space everyday and they all ask the same question...
"What cryptos are the best to invest in?"
The best answer is... don't ask, do you own in-depth research. In other words, if you come across hyped up Youtubers "bad actors", Technical Analysis "shills",Β or even your social media friends (it's like they know anything anyways) take every information you get from them with a grain of salt π€£.
Many of them have their own agenda when sharing information.
For newbies (remember this is for people just starting to learn about crypto), I recommend that they invest in the basics first. Keep It Simple! I would advise them to open a CoinBase Account (New People will get $10 Free for opening an account).
What should these new people do then after opening an account. We'll that's pretty easy, start investing. They should first buy the top "Cryptos" on Coinbase for $100 each in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash just to start off.
This will leave them $600 leftover for later until they get comfortable buying and selling cryptocurrencies while they do their due diligence looking for other coins.Β
Never rush into anything! We all seen what happen in November - December of 2017 when every family member was pitching everyone that cryptocurrencies was the easiest way to make money since slice bread duringthe Thanksgiving and Christmas Holidays (hyping it up).
Guess what, they all rushed in and put everything they had into the markets and well all know what happened next... They lost there asses off and probably will never invest again and calling "cryptos" a scam. π
Once they get comfortable, then they all can start learning and doing research on other cryptocurrencies. In the mean time, I would also suggest them to invest at least $100 into Steem.Β
The reason why they should invest into Steem and join Steemit.com is so that they can start earning some crypto for free and most importantly, learn how blockchain technology work.Β
Now that they have $500 left over, they can now use those funds to invest in other speculative plays that they think will be good.
HOW SIMPLE IS THAT?
This is how newbies should get started. I see far to many new peopleΒ jump in these hyped up cryptos promising #whenmoon #whenlambo not even knowing what they are investing in.Β
So I hope this help out all the newbies out there if they have $1000 to invest... It's also a great outline for many of you to use to give people who are just getting started in cryptocurrencies. π€
Have an Awesome Sunday and Keep On STACKIN! π
P.S. For those who's interested in following my "Content" and "Daily" Posts... you can just follow me @stackin to get my updates.
if i start now with 1000$ i will buy some btc steem and eos
All great companies π
I think if you have $1000 to invest them buy $500 worth of ADA $200 Eos $200 Ncash and grab yourself a NEO coin tooo.... :) enjoy..
If they have writing content skills and are willing to post regularly then:
$250. into Steem/Steemit
$250 BTC when it hits a 120 day low
$500 among the coins you named when each hits a 120 day low
Good advice @ stackin.It's also important they invest what they can afford to lose so that when god forbid things go sideways they won't get knocked out.
I like the picture on the wall
It's all about that 10X lifestyle haha :)
just buy ICON and WANCHAIN ;-9
I bought ICX when it first came out, A huge blockchain protocol crypto from Korea. I love it :)
When you invest so you take back what you invest at some point or just hold for a period?
That is so hard to say, depending how high it goes. For example, I bought lots of EOS around $4 and now its $20... I did take profits and still own lots of coins. In other words all my tokens are free now. :)
@stackin
I think what is killing most people is that they don't want to invest, they just want to join and start making money.
@stackin
Thank you for this wonderful piece of information, i still got a lot to learn from crypto.
Have a blessed Sunday
Totally agree, that's why most people will fail when investing, They want that quick money! They just should come to Las Vegas and play blackjack if thats the case hahaha
@stackin newbs should always start with Coinbase, the fees may be high but the ease of use hooks them instantly after some Gains!
Well that's how I started, I'm still a newb but after doing some due diligence, and a couple could mining contracts later... I found Steemit, not only can you generate crypto; in comparison to other social platforms it's truly better for the soul!
You hit the nail right on the head. Make it so simple that people will love crypto π
Being relatively new myself, I think Steemit is a good place to start too. Because you can earn cryptos will posting, which you could either convert to Steem Power or eventually use to buy other cryptos. But just my two cents :)
Speaking the truth right there and best of all Steem project are all free to join πͺπΌππΌπ
I'm a crypto amateur and I never knew about coin Base before now, thank you for the exposure. I couldn't agree more with you on this...
It's the same thought pattern I follow, I mean if I don't see the evidence on you then I find it difficult to follow your advice. In addition, I would like to say that if you're coming into crypto new ensure that the money you put into is spare money, the kind you can afford to lose.
Happy Sunday to you @stackin
So much to learn these days in the crypto space. I don't use coinbase anymore at all, however it's the best place for new people to get started.
I love your quote! :)
"Investing in oneself will always be the best investment a person can make."
good advisie and sugession for investment, seems like don't put your all eggs in a single bowl, keep them different and seperate pot.
Simple! I love it. Of course, I'd take that extra 500 and toss it into Steem. But I'm extremely biased LOL
Yeah man, great game plan for anyone interested to get their feet wet. But the warning you put about December / January is critical. The lambo talk slowed down a bunch since then LOL
That's how you do it, massive action haha
If you bought a 1000 worth of steem April 1st it would be worth, what, 4000 is now? In a month. Not saying the price now is a huge buy opportunity but every dollar I put into Steem is now worth several times what I invested. People get all hyped on make free steem by posting, but as an investment steem has kicked ass.
Totally agree! πͺπΌππΌπ―
Hmm great so 100 steem and other coins , what coins ? classic one or hight risk coins?
Basic ones I listed in the post for new people :)
Solid advice for newbies (even for me that's been on Steemit for 10 months) :)
Just trying to jeep it simple for the newbs haha :)
Great post and good pointers for anyone interested in getting in to crypto.
Yeah, keep it simple for the peeps :)
Thanks for sharing @stackin. This is very simple and detailed for newbies coming into the crypto space
I do try at times haha
Thanks @stackin for this information, i have been looking for where to invest, now that i have learnt one or two from you, i am delighted that i now know where to do my investment. Please dont turn back on me when i come for advice. Thanks once again.
Well I've never invested in any cryptos . I'm only investing my time on steemit and this sounds great advice for me
Thanks so much
You are "investing" right now, you're on steemit LOL
Yes and I just got rewards as you upvoted my comment
I wish I would have received this advice 2 years ago!!
My bad hahaha
Well written advice from am experience crypto currencies investor, for newcomers trying to invest into cryptocurrency I will advice them to seek for proper knowledge about cryptocurrencies before investing their hard earn money into the market.
They should only invest in well established crypto currencies that has good fundamentals for growth. And also on a passive earning crypto like steem where they can power up and use their steem power to earn more steem and steem dollar. This post is really informative and helpful @stackin
We think the same way! Thanks for the awesome feedback! ππΌ
Great analysis, thanks for sharing. I've smashed the upvote button for you!
Also, if you are looking to get some tokens without investing or mining check out Crowdholding (https://www.crowdholding.com). They are a co-creation platform were you get rewarded for giving feedback to crypto startups on the platform. You can earn Crowdholding's token as well as DeepOnion, ITT, Smartcash and many other ERC-20 tokens.
Lovelyπ€
Whatever you buy, don't buy all at once. Look up what FOMO means and try to understand basic stock market rules. Ask yourself not(!) what is a coin/token doing, but ask which problem it wants to solve. Then decide either invest in this vision or not. Nothing is sure in crypto. Absolutely nothing. Good Luck. :)
time to stack some crytpo and keep hodling ;p
Coins mentioned in post:
awesome article ! its simple :)
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