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Don't read guides. They won't help you. Try to use the stuff. Get some money on the exchanges, on MyEtherWallet, use the Ledger Nano, invest in some ICOs, use t

Don't read guides. They won't help you. Try to use the stuff. Get some money on the exchanges, on MyEtherWallet, use the Ledger Nano, invest in some ICOs, use the Etherscan API, etc. I did the mistake reading too much about all this crypto stuff for too long actually doing nothing. Once you do something it clicks and you understand the whole picture much better and you read automatically stuff that matters and which gives you a deeper context. Edit: Why the downvotes?

uoaei 9y ago
Great advice for people with a disposable income. Some people just want to understand. Want to donate money to me so I can play around with it? Thanks!
- deleted 9y ago
  [deleted]
- thinbeige 9y ago
  Why so confrontative? You don't need a lot of money to start. And it's not about playing around. Once you invest $100 you are forced to understand and to learn what's going on. Much better than reading some guides without having any goal (the linked guide is still good).
  - uoaei 9y ago
    I have no income at the moment and I will likely remain in this state for the next two years. I am not sure that my savings will last me that long, so I am erring on the safe side while still being interested in learning about the current technologies. Not everyone reading HN has money to spare, or a job that allows them such luxuries. Not everyone who wants to study blockchain is interested in making money just because they can.
- cableshaft 9y ago
  While it won't be as effective as actual skin in the game (investing real money), you could try virtual investing. Give yourself some imaginary money, 'buy' your currency, and see how it does, like with virtual stock markets. Or you can just buy $X a month, every month, and get whatever you can get out of it. Some places allow you to set up automatic purchases, so you could have it happen without you having to pay attention to it (I know Coinbase does). It accumulates over time.
  - uoaei 9y ago
    Hey, a real suggestion that doesn't presume I have a job with a crazy salary and no idea what to do with my newfound fortune! I'm honestly surprised to find this on HN. On which platform can I try virtual investing?
    - sogen 9y ago
      Pepe
    - cableshaft 9y ago
      The website seems a little broken, but https://coin-folio.com/ https://coin-folio.com/ let's you enter values per coin manually, then aggregates it. Claim you bought however much you want of any coin they support (which is a lot), and see how it performs.
- pesfandiar 9y ago
  I doubt you need a lot of money just to get your feet wet. Anyone's entertainment budget would suffice. PS: at the risk of sounding pedantic, anyone with any income in a jurisdiction with less than 100% tax has "disposable income". See: http://www.investopedia.com/terms/d/disposableincome.asp http://www.investopedia.com/terms/d/disposableincome.asp
  - thinkling 9y ago
    TIL that "disposable income" is not what I thought it meant. > Disposable income is total personal income minus personal current taxes. > (...) > Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after subtracting taxes and minimal survival expenses (...) "Discretionary income" sounds odd to me, but probably derives from the more logical "discretionary spending". Source: https://en.wikipedia.org/wiki/Disposable_and_discretionary_income https://en.wikipedia.org/wiki/Disposable_and_discretionary_i...
  - uoaei 9y ago
    Considering my income is $0, I suppose my statement was correct.
    - waah_waah23 9y ago
      considering your income is $0, maybe you should fix that first. but in any case, what's your point?
      - uoaei 9y ago
        Being a student is enough of a job, thanks. Your assumption that I should have a job on top of this, without knowing my life or financial situation, is evidence that people rarely consider lives apart from their own on websites such as this.
- honestlyreally 9y ago
  You don't need money to use testnets, which particular tech are you interested in? Happy to point you in the relevant direction. Heres free coins for Ethereums ropsten testnet http://faucet.ropsten.be:3001 http://faucet.ropsten.be:3001 Can i note begging is considered bad form around most forums also. There's plenty of solutions to your problems. It just requires some effort on your part.
deleted 9y ago
[deleted]
TrainedMonkey 9y ago
Some of the things advice can be applied to are gambling, drugs, extreme sports... There is probably some kind of lesson here.
- thinbeige 9y ago
  Comparing investing to gambling and drugs is misleading. Yes, daytrading feels very much like gambling but long-term investments with a diversified portfolio? Edit: What is going on here, why the downvote? Downvoters thhink that long-term investing in assets equals gambling and drugs?
  - Tech-Noir 9y ago
    Is this how you have almost 600 positive karma in just six months, by complaining so much about downvotes? Three posts in just the last hour, in this thread and another thread: https://news.ycombinator.com/item?id=15142269 https://news.ycombinator.com/item?id=15142269 Plus (in just the first few pages of your other comments that I looked at): https://news.ycombinator.com/item?id=15083862 https://news.ycombinator.com/item?id=15083862 https://news.ycombinator.com/item?id=15059972 https://news.ycombinator.com/item?id=15059972 https://news.ycombinator.com/item?id=15054815 https://news.ycombinator.com/item?id=15054815 https://news.ycombinator.com/item?id=15048756 https://news.ycombinator.com/item?id=15048756 https://news.ycombinator.com/item?id=15040389 https://news.ycombinator.com/item?id=15040389 https://news.ycombinator.com/item?id=15030354 https://news.ycombinator.com/item?id=15030354
    - rendall 9y ago
      Could someone with a grudge be following him around downvoting him? Is there a mechanism in HN to flag that?
    - thinbeige 9y ago
      Yes, if I get downvoted I like to understand why and ask, you call it complaining. I have no problem with that.
morgothan 9y ago
While I think there is always a benefit to having skin in the game, as it makes things more real and gives you a better understanding, not everyone has the disposable income to do so. I think making the assumption they do is why you are getting the downvotes.
- honestlyreally 9y ago
  Using most crypto projects is on the scale of cents if anything at all to try, the decentralised storage options offer 25 gb free. Regardless,anything half decent likely has a testnet running where you can play around. Read all the marketing in the world, but you won't see how decentralised systems fair against their centralised competitors until you try.

uoaei 9y ago

Great advice for people with a disposable income. Some people just want to understand. Want to donate money to me so I can play around with it? Thanks!

deleted 9y ago
[deleted]
thinbeige 9y ago
Why so confrontative? You don't need a lot of money to start. And it's not about playing around. Once you invest $100 you are forced to understand and to learn what's going on. Much better than reading some guides without having any goal (the linked guide is still good).
- uoaei 9y ago
  I have no income at the moment and I will likely remain in this state for the next two years. I am not sure that my savings will last me that long, so I am erring on the safe side while still being interested in learning about the current technologies. Not everyone reading HN has money to spare, or a job that allows them such luxuries. Not everyone who wants to study blockchain is interested in making money just because they can.
cableshaft 9y ago
While it won't be as effective as actual skin in the game (investing real money), you could try virtual investing. Give yourself some imaginary money, 'buy' your currency, and see how it does, like with virtual stock markets. Or you can just buy $X a month, every month, and get whatever you can get out of it. Some places allow you to set up automatic purchases, so you could have it happen without you having to pay attention to it (I know Coinbase does). It accumulates over time.
- uoaei 9y ago
  Hey, a real suggestion that doesn't presume I have a job with a crazy salary and no idea what to do with my newfound fortune! I'm honestly surprised to find this on HN. On which platform can I try virtual investing?
  - sogen 9y ago
    Pepe
  - cableshaft 9y ago
    The website seems a little broken, but https://coin-folio.com/ https://coin-folio.com/ let's you enter values per coin manually, then aggregates it. Claim you bought however much you want of any coin they support (which is a lot), and see how it performs.
pesfandiar 9y ago
I doubt you need a lot of money just to get your feet wet. Anyone's entertainment budget would suffice. PS: at the risk of sounding pedantic, anyone with any income in a jurisdiction with less than 100% tax has "disposable income". See: http://www.investopedia.com/terms/d/disposableincome.asp http://www.investopedia.com/terms/d/disposableincome.asp
- thinkling 9y ago
  TIL that "disposable income" is not what I thought it meant. > Disposable income is total personal income minus personal current taxes. > (...) > Discretionary income is disposable income (after-tax income), minus all payments that are necessary to meet current bills. It is total personal income after subtracting taxes and minimal survival expenses (...) "Discretionary income" sounds odd to me, but probably derives from the more logical "discretionary spending". Source: https://en.wikipedia.org/wiki/Disposable_and_discretionary_income https://en.wikipedia.org/wiki/Disposable_and_discretionary_i...
- uoaei 9y ago
  Considering my income is $0, I suppose my statement was correct.
  - waah_waah23 9y ago
    considering your income is $0, maybe you should fix that first. but in any case, what's your point?
    - uoaei 9y ago
      Being a student is enough of a job, thanks. Your assumption that I should have a job on top of this, without knowing my life or financial situation, is evidence that people rarely consider lives apart from their own on websites such as this.
honestlyreally 9y ago
You don't need money to use testnets, which particular tech are you interested in? Happy to point you in the relevant direction. Heres free coins for Ethereums ropsten testnet http://faucet.ropsten.be:3001 http://faucet.ropsten.be:3001 Can i note begging is considered bad form around most forums also. There's plenty of solutions to your problems. It just requires some effort on your part.

deleted 9y ago

[deleted]

TrainedMonkey 9y ago

Some of the things advice can be applied to are gambling, drugs, extreme sports... There is probably some kind of lesson here.

thinbeige 9y ago
Comparing investing to gambling and drugs is misleading. Yes, daytrading feels very much like gambling but long-term investments with a diversified portfolio? Edit: What is going on here, why the downvote? Downvoters thhink that long-term investing in assets equals gambling and drugs?
- Tech-Noir 9y ago
  Is this how you have almost 600 positive karma in just six months, by complaining so much about downvotes? Three posts in just the last hour, in this thread and another thread: https://news.ycombinator.com/item?id=15142269 https://news.ycombinator.com/item?id=15142269 Plus (in just the first few pages of your other comments that I looked at): https://news.ycombinator.com/item?id=15083862 https://news.ycombinator.com/item?id=15083862 https://news.ycombinator.com/item?id=15059972 https://news.ycombinator.com/item?id=15059972 https://news.ycombinator.com/item?id=15054815 https://news.ycombinator.com/item?id=15054815 https://news.ycombinator.com/item?id=15048756 https://news.ycombinator.com/item?id=15048756 https://news.ycombinator.com/item?id=15040389 https://news.ycombinator.com/item?id=15040389 https://news.ycombinator.com/item?id=15030354 https://news.ycombinator.com/item?id=15030354
  - rendall 9y ago
    Could someone with a grudge be following him around downvoting him? Is there a mechanism in HN to flag that?
  - thinbeige 9y ago
    Yes, if I get downvoted I like to understand why and ask, you call it complaining. I have no problem with that.

morgothan 9y ago

While I think there is always a benefit to having skin in the game, as it makes things more real and gives you a better understanding, not everyone has the disposable income to do so. I think making the assumption they do is why you are getting the downvotes.

honestlyreally 9y ago
Using most crypto projects is on the scale of cents if anything at all to try, the decentralised storage options offer 25 gb free. Regardless,anything half decent likely has a testnet running where you can play around. Read all the marketing in the world, but you won't see how decentralised systems fair against their centralised competitors until you try.