Bitcoin For Newbie 101

in #bitcoin7 years ago

Bitcoin and alts are no doubt become trending for past 2 years with billions market value;
a lot of success story from crypto miners attract newbies and green leaf-ers to start making a living with for the sake of glamour live...... or does it?

it doesnt matter if you have cheese on your wallet and can dig it deep to buy mining rig without disturbing your daily life, but many of our fellow cryptonian doesnt know what to do and yet they use their lifetime saving and ended of failure.

as for that reason i try to give some clue and tips how to gain a lil piece of heaven in crypto and

#1 mentally prepared
you can gain some income in crypto only if you have time or money to invest

#2 have both cold and hot wallet
cold wallet is a crypto wallet that you keep on your own pc off from the internet while hot wallet is a wallet that you keep on cloud server
for bitcoin this is a must if you planning to make your own mining farm and also hard to be hacked since you dont link it to internet unless you want to use it
as for other crypto, hot wallets are preferable because you only use them for trading, although many valuable alts is recommended to create their own cold wallet
coinbase is one of the hot wallet you can try
#3 pay attention for the waves and storm
living in crypto world means you have to always up to date about anything related for it
there are lot of giveaways, free ICO, legit cloudmining promo, vouchers trading, even free drops from elite and rich miners

#4 earning little yet feel big
find some website faucet and micro work to earn some coin for start
its wasnt much but you have to believe that is the first step you need to do
there are some faucet sites like freebitco.in that will give you some satoshi for free
also website like coinworks that give you better reward than faucet if you do micro task for them

#5 market trading
this by far is the best way to gain decent coins. i remember when i start collecting doge coin i only have 100 more or less and after a month i make around 30K dogecoin from trading when the price is still good arround 125 satoshi bitcoin
try learn how the market works and start trading with coins you get from faucet and micro task. the only loss if you fail is your time since we havent invested real money yet

#6 learn about mining crypto
after few months your balance should be more decent
its your time to start mining
do your research and decide either you use hardware mining like GPU or ASIC and ANTminer or you prefer cloud mining on legit website.

thats all i do when i start my life on crypto world hope you guys enjoy it

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