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Day 1: Where to begin with trading cryptocurrency
- shepardrtc 9y agoI 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.
- brianwawok 9y agoStep 0) don't invest in things you cannot hope to grasp the fundamentals on based on hype.
- OpenDrapery 9y agoIs buying a guitar in hopes of learning how to play it an investment? What exactly are the fundamentals? Do I need to understand vibration and frequency? Or just basic music theory? I agree with your sentiment. But there is a difference between experimentation and investment.
- joshu 9y agoYou might get better at playing guitar. You are unlikely to get better at currency speculation.
- rtuin 9y agoOriginal 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.
- hndamien 9y agoAre you experimenting with trading or experimenting with cryptocurrencies - different things.
- rtuin 9y agoBoth I guess, with my limited view on the matter I think cryptocurrencies are at this moment not much without trading.