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As a beginner did you experience difficulties

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I lost at the time Bitcoin withdrew from Yobit and was not aware of the fees

Edited by mhmd

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In the beginning I always thought: learning by doing, but that should definitely be avoided. I was angry with some things, partly because I listened to someone who gambled away all the time. At some point I said that it was enough and that I am now going the safe way ... even if it could take years.

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On 31.12.2019 at 05:26, Migo said:

If you don't have enough experience in crypto world then you will lose money with a big quantities, but taking advices will be good for any newbie, I was asking and searching before I try anything to avoid anything suspicious 

I totally agree with you. First, you need to learn the theory, and then gradually practice. If you don't understand something, ask people on the forum.

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I think that at first what costs a bit is to understand how wallets work and the types of wallets that exist, since it is important not to make mistakes and have a bad time. But like everything it is a matter of investigating deeply.

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I would say to learn how to trade the best way is to make a test account without making any investment after being sure of winning 80% of all those you do, you are ready to move to a real account

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Yes, as a beginner it was difficult for me to sustain in cryptocurrency environment. Since, I was passionate about cryptocurrency, I used to search for the thing which I hadn't known earlier in google or YouTube. I used research on the particular topic, until I find the solutions to my queries. I have done a lot of research, to be able to have good knowledge in cryptos, since I started blogging in steemit, which was my first journey to crypto and it made me able to learn new things, create a habit of self research and so on. I made my first earning on steemit, and it motivated me to enter cryptocurrency world and shown many possibilities and gaining knowledge in more better ways.

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My start in crypto was very difficult due to my lack of experience, I had stumbles and came across benders and scam investment sites, luckily I met people and found that they helped me a lot to educate myself and avoid more stumbles and obtain many profits.

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As a bigginer in trading, i used to try trading with 100x leverage on Binance exchange. I think, i lost about couple hunders of bucks. Also, I used to avoid checking comissions on echanges and didnt understand where am I losing my money, Haha

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Yes of course i did and I think the most did, my first difficulty is what to post? How to post? And where? But by time i got used to it, now it’s really easy and friendly.

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Ignorance is the worst sickness any one can suffer. When i newly started crypto trading i really loose a lot,  what i use to do is to go to exchanges site; look for tokens/coins that increase to up 200% in terms price and purchase without conducting any analysis on the say coin only to come the following day and see the same coin reduce to up to -300%. But now i know better, i now know when bot trading is at work.

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Losing money, you will lose but it is the natural cycle to win. The more you give to the universe, the more it will multiply you. So at least I think. My advice is to be wise, to listen to people who have experience, enrich your brain with a lot of information and be encouraged. You will win a lot and you may also lose, it is part of the process. At 21 days you will like to inform yourself as much as to invest. a greeting

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As beginning ofcourse we face on difficulty because we don’t know anything.. Where we can invest where we can't invest. Where we need to join.. What next?  All we don’t know... So yes we face on difficulty              

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I faced many difficulties at the beginning of my work in the field of cryptocurrencies and encountered many fake sites and wasted a lot of time trying several sites for profit, but I benefited from my experience well and became more experienced and not fooled by these fake sites

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Hello! Yes, the crypto world is quite complex and it will be difficult at first, especially when you learn to trade. But the main rule is not to be greedy and think with your own head.

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I'm a beginner, and I do all sorts of things, thinking that I can make money from this, but so far only at a loss, I think I will soon be able to start making money.

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For basic household knowledge, all of us who handle money (in any expression) must know how to handle it, the same thing happens in the financial economy, we must know the market to see how we are going to enter or how we can include ourselves in it or, failing that, discard it and continue in the search of the best "offers"

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On 1/31/2020 at 3:31 PM, Nayan deka said:

Beginners don't have enough knowledge. Also beginners doesn't have enough self control as they are thinking to earning money straight away, in this case they loose money in trading, investment etc. It is always preferred to get a good amount of knowledge of the particular topic.

I think with time it will progress and it will be more easier to start your journey with crypto.

 

 

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Any beginner first needs to understand what cryptocurrency is and then study how it works in the financial market, after that you can naturally try to make money from it, usually people do not understand how the financial market works, run trying to earn, but eventually drain their entire budget

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Of course all beginners in crypto cant avoid this kind of struggles, its just how are you going to face it and overcome it. if you are determine and confident i am so sure you can overcome it

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Well, I think that it is absolutely normal, as in the beginning of any new activity that you develop, that entering the world of cryptocurrencies is somewhat difficult at the beginning. And I firmly believe that it is necessary to learn and risk a little at first, in order to gain confidence in the actions to be taken. Like any activity in life, you must surround yourself and learn from those who know and admit and correct when you are wrong.

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When I started in the world of cryptocurrencies I made some money, about 1000 dollars. Then, since I thought that I shouldn't study anymore to know the projects, I lost many times, because I didn't know how or when I should withdraw. It also plays a bit in my nerves, and now I learned that you have to be patient, because when the market corrects, and everything also goes up very quickly. What I made in a good month, I lost in a day for not being smart. One piece of advice I can give you is that, being new, look everywhere for information, no matter how long it takes, you need to inform yourself well before investing in any asset.

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Hello, like any beginner with difficulties, I had many doubts, many questions, but I always sought help with the most experienced people, I followed advice and I even saw YouTube tutorials hahaha, but with time you get more experience and more confidence

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21 hours ago, TommyMoonD said:

the best advice for beginners like me is to always try to be calm and rational. eliminate your emotions from the psychological side of the deal and rely only on the information in front of your eyes. Information such as price, volume, news and market trends.

 

Psychological factor is a key role in this field. Especially if you are new into that.

 

Everyone who's starting for now I'm suggesting to get your small private work sphere and try do to work consistently.

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