New to Crypto, Here's what to Do
We are all new in this age of the crypto. We are learning as the changes take place. We don't know what is possible with the crypto. So we do what we can in order to move ahead with our efforts.
Some of the time we have to take help of others. And we also have to weed out from the bad advice. We have to learn to see what is selfish advice and what are some of the wrong things that could happen with our life in general.
Another thing is that with crypto being new we have to get used to rug pull, scam tokens and also the decent projects that thrive over a period of time. That is what we learn from our experience.
So this article, I wish to write I want to make sure that I learn some good tips and tricks from the cryptoverse and then pass them back to you guys. So here are some of my advice in this space.
Get a wallet, Find Some Coins
Every cryptocurrency has an address on which the money can be sent. And the thing is that you would need a wallet which would be able to read from those address. And also the address can be sent, accepted etc.
You can make use of the Bitcoin, Ethereum and all of them require the wallet. Some of the time such coins are cheaper based on the market price. You can get a wallet and also have the coins stored into it as well.
You can use the popular wallets like binance, trustwallet, exodus and the atomic wallet. All of them are easy to use and also does not take much of a learning curve.
Write about Crypto and Your Life
I write about personal finance and often my goals of the life. That is done to help me have a focus for the life in general. If you are going to be a writer who earns the crypto from the noise and read, you have to write too.
You can write personal or professional depends on how others would find your content useful. I find it interesting to write on the off topics too. But it all requires some friends to give out attention to you.
Find Investment Tokens
I have a lot of tokens being invested into. Like on Hive, I am using the investment so that I can earn some passive income out of those tokens. Some of the time those type of the tokens can earn you a good income.
Like tokens like - Cublife, EDS, BRO, INDEX and LBI are some of the good tokens on the Hive. You can also invest in other tokens. I am just giving an example, you can choose what works for you.
Trade Crypto with Real world Cash, Items etc.
Most beneficial use of the crypto is making use of it in the real life. That is going to be helping with the currency usage. Some of the time making use of the real world cash needs to be replaced with the crypto for now. You can trade for FIAT that is one can think of as well.
You can buy items in the marketplace using the crypto. Which is what most of the people are going to do these days which would help financially too. I realized that those who are planning on trading the crypto this way can be on strong side. So if you are new learn to use it.
Ignore the wrong advice
Some people will tell you to HODL forever. Some people tell you to take out profit on regular basis. Which advice to listen to? You have to make the call based on your current condition. You have to learn to avoid the wrong in life.
Some of the time wrong and right is kind of mixed with each other. And that means it would take like forever for that sort of advice to work in your favor. It does take some time for that advice to improve though.
Make sure to ignore the advice of any so called elite that tells you to only HODL or only invest in coins that go to the moon. There is no such thing like that. Do what is right for you. You have to learn to ignore others.
What's your opinion?
Are you new to crypto or learning and no longer a newbie? You would learn a lot from reading the content of other people. Some of the time it would take time for you to understand those concepts.
How is your experience in this space? What have you learned so far?
