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/biz/ - Business & Finance

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2782123 No.2782123 [Reply] [Original]

hey /biz/
i'll get straight to the point here, i found out about the cryptocurrency market and i would like to make some money out of it, the thing is that i'm kinda new to all of this and i am looking to learn the basics of trading in this market,so how do i start,basically?

>> No.2782166

Don't get in. The crypto market is over

>> No.2782186

It's likely going to be a rough ride to start. We're in a bear market right now though, so it is the best time to buy. You first need to buy some of one of the big 3 (Bitcoin, Ethereum, Litecoin). I reccomend coinbase to start with. It takes time to confirm your account info, but you can buy all three and store them securely through coinbase. You use something like coinbase to buy bitcoin with your bank account or credit card, and then send it to an exchange like Bittrex if you want to trade any of the many altcoins out there. There are 700 or so alt coins. Most are shit, but quick money can made from them. Play around with the coinmarketcap website to see all their values and changes. If you do use Bittrex to trade altcoins, make sure to enable 2 factor authentication. It can store your coins just like coinbase, but it isn't as secure. ALSO ALSO, some major changes could be coming to bitcoin aug 1st. Everyone is kind of panicking about them, and no one knows if the value will shoot up or drop.

>> No.2782195

>>2782123
(((they))) found us and the market is being manipulated. Wait for the crash.

>> No.2782453

OP here,i heard that there should be a crash in the market that starts in august 1st, but why would this happen?

>> No.2782502

>>2782453
Learn about blockchain tech and the current internal political issues like the bitcoin scaling debate.
Inform yourself about BTC, ETH, LTC until you understand what they do, how they do it and what they try to achieve.
Buy all 3 of them.
Take a break.
Then when you feel like experimenting and gambling, look into smaller altcoins and consider buying small amounts of projects you believe in.
If you don't do this but rush into it with the fear of missing out, then you will be fed to the people who know what they are doing. Technical and political understanding is everything in this market.
Don't research in /biz/.
Good luck!

>> No.2782518

>>2782453
Some people will tell you crypto will crash in august, other say it will moon. Or maybe nothing at all happens?
Don't believe any of them. Understand what is happening and make up your own mind

>> No.2782927

>>2782518
Are there any books you'd recommend reading?

>> No.2782935
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2782935

>>2782123

>> No.2783659

>>2782123
put a knife to your throat and slide
>>2782186
i hope you listen to this faggot and lose all your money at coinbase