Total crytpo-noob here. Good suggestions on what I need to learn to buy just a little Bitcoin or another currency? Articles to read maybe? Feel free to mock if needed - I applaud your superiority. 🙄

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A few terms to research - Coinbase / GDAX, binance, bittrex, cold storage / wallet, market cap, circulating supply, HODL, alt coins, ERC20 tokens.

Process - Buy on coinbase or gdax. Coinbase is easier but a little more expensive than GDAX. Both are the same company, fyi. Coinbase is instant transaction, where GDAX requires you to wire the $. Once you have bought btc or eth or ltc on Coinbase / GDAX - transfer it to Binance. Make sure you transfer only from GDAX - there is no fee; from coinbase there is a fee. Then you buy the alt coins in binance, the transfer can take a while depending on how busy things are. Estimate would be 15 mins to 6 hours.

Top coins to look into - BTC, ETH, LTC, OMG, WTC, NEO, EOS, IOTA.

Apps to install - Blockfolio / Delta, Coinbase, telegram, discord, tradingview

Websites to check - coinmarketcap, coinmarketcal

Don’t forget to setup 2FA, and move the coins to a wallet as soon as you buy unless you plan to short quickly.

likehelpfulsmart

Just fyi, I struggled along the way, and lost some money - I hope you dont make the same mistakes I did. The reply above should help!

Oh and you don’t need to applaud - welcome to the group.

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Yeah this is def good time to get in, be prepared for some choppy price action the next few months. Don’t sell on massive red candles. Don’t buy when there’s mass euphoria. Don’t underestimate how fast things can pump, and also dump

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I'm in the same boat

Google your local exchanges first. They usually have some good resources to read too and how to go about setting things up. (Not total noob but toe dabbling).

Great time to get in, also good time to stock up on some at coins and forget them for a long time. Despite the volatility, I guess this will go on to be a good financial decision

^ Thanks for putting all that together!

Np, hope you make a ton of money and learn along the way. Gluck!

This is a bargain buy now if you plan to hold for the long horizon. You will get hurt if you try and time the market and make short term $$. Invest only what you are willing to lose...seriously. I have had to check myself a few times the past couple months with over extending my financial well-being. This is a once in a lifetime opportunity to get in on the ground level, but it’s going to be a long journey to see it through. Don’t be stupid enough to think otherwise.

Thanks dd1 for the response and op for even asking. Saved that info

Eth

Hey DD1 thanks for the info! May I ask how telegram and discord apps come to play in investing/trading crypto?

DD1 - Nice job! And I am curious about Instagram and other apps too :)

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