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Day 1: Where to begin with trading cryptocurrency

12 points| rtuin | 8 years ago |medium.com | reply

7 comments

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[+] shepardrtc|8 years ago|reply
I think the easiest (and safest!) way to start for a beginner would be to get on Coinbase and just buy some bitcoin. Until you know what you're doing, don't mess with altcoins and exchanges.
[+] rtuin|8 years ago|reply
Original author here.

Starting with bitcoin is probably the easiest, but on first contact with any cryptocurrency you should be prepared to lose it all. I'm on day 2 of my journey now on which I made first contact with exchanges. Now I found out that BTC, LTC and ETH are probably the best to start with, since they are the "base" currency to buy most of the other currencies. I hope to blog about that tomorrow or the day after.

[+] brianwawok|8 years ago|reply
Step 0) don't invest in things you cannot hope to grasp the fundamentals on based on hype.
[+] hndamien|8 years ago|reply
Are you experimenting with trading or experimenting with cryptocurrencies - different things.
[+] rtuin|8 years ago|reply
Both I guess, with my limited view on the matter I think cryptocurrencies are at this moment not much without trading.