Newbie’s Guide on Stepping into Cryptocurrency .
I first want to start off by stating ,This article is just a look into my Opinion & point of views , This is not financial advice in no shape or form.
I’m putting this short but effective guide together to bring Crypto & Blockchain technology to the masses and make it easier for people of all levels of intelligence to understand . This content will be explained in a broad & basic concept .
You should always exercise your knowledge on Cryptocurrency and Blockchain technology , especially these days the tech side is growing more & more each day .
Firstly , you have to asked yourself a simple but deep question. What do you want out of this Cryptospace ? What is your overall mission or goal that you are striving to fulfill ? Are you Investing or Speculating? Are you in this for The short term just to make quick gains ? Are you in it for the long term a true believer of the technology. After you answer these questions you’ve asked yourself it will make the road map or path more visible and clear .
Second step is the most important of them all . After you’ve finished the first step your ready to make your first investment. Yup you read that right , It’s time to invest your time into education and knowledge . This is your due diligence period to map out a personal strategic plan to accomplish your main mission or goal that you wish to fulfill in this Cryptosphere . I encourage you to keep up to date with these fast times of Crypto and Blockchain technology by listening to Podcasts like Cryptoverse & Coin Mastery , Following Companies and Influential individuals in the Cryptocurrency Community on social media platforms , Get involved through crypto community forums and social sites . To sum it all up interact with the Cryptocurrency and Blockchain Communities.
Assuming you’re a Newbie and your starting your journey via cell phone . I would download a wallet that is capable of storing multiple coins and tokens . I encourage you to start out on the JAXX wallet . Then when you get the feel of how coins and tokens work , Start checking CoinMarketCap.com every now and then , it is a big friends to you . This is where you will find your information on certain coins, tokens, market trends & much more . I strongly advice you to pick 5 Companies that you have done due diligence on and you believe in their tech . Put these 5 Companies on a personal watchlist or tracker and log their growth not just price wise , but growth in tech , growth in Community etc.
Now you are ready to start trading on a Cryptocurrency exchange. Right now the most popular Cryptocurrency exchange is Binance . Make an account with Binance or another Cryptocurrency exchange . There are plenty of exchanges out there for you to choose from . Additional due diligence is required to become a profitable crypto trader . Your most important investment is investing your time to expand your knowledge on what’s going on in this space . Keeping up with this fast growing technology is the key .
Now that you have a basic conception of this space it is your obligation to spread the word on how easy it can be to get involved . The Community is everything let’s bring it to the masses through mutual interest and collective brainstorming. Through partnerships we can achieve anything!
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