/NFG/ - Newfag General & QTDDTOT

[Biznessman No.24257611]

Some of you are alright edition

Newfag General is for everyone new to this board and for questions that don't deserve their own thread.


>Guides

• Basic Terms you need to know: https://academy.binance.com/en/articles/12-terms-every-crypto-trader-should-know
• Full Guide to Markets & Trading: https://academy.binance.com/en/articles/a-complete-guide-to-cryptocurrency-trading-for-beginners
• Ways to store your crypto: https://www.investopedia.com/news/bitcoin-safe-storage-cold-wallet/


>What are the first steps towards becoming a /biz/nessman and how to not be a complete retard

• Only invest what you can afford to lose
• Buy low, sell high
• Take profits if your investment is on a steep way up
• Always do your own research
• Learn basics of technical analysis
• Holding your coins is almost always more profitable than trading
• Lurk before posting
• Stick to the basic coins (BTC, ETH, LINK) before thinking about buying shitcoins
• Not your keys, not your wallet, not your coins
• Don't trade with leverage
• You can never leave


>Which Exchange do I pick?

• Recommended CEX - Centralized Exchange(s)

‣ Binance
+ Biggest CEX, great liquidity
+ Very wide range of tools and functions
+ Wider Range of Coins and more frequent new listings than Coinbase
+ Low fees
| Only needs KYC if you trade with big amounts
- Range of tools confusing at the start
· Referral Code for lower fees: LCOH7XBD

‣ Coinbase
+ Beginner friendly
+ Easy to use
+ Free Crypto with Coinbase Earn
| Can upgrade to Coinbase Pro for more functions
- KYC
- Works with Tax institutions (IRS etc.)
- Limited choices of Coins

• Recommended DEX - Decentralized Exchange

‣ Uniswap
+ Biggest DEX, highest liquidity
+ Supports almost ALL ERC-20 Coins
+ Easy to use Interface
+ Uses your own wallet
- Only swaps your coins, almost no tools
I will be putting together a pastebin once we have enough questions/answers and contributions.

>inb4 2017 newfags complain again

[Anonymous No.24257669]

Nigger

[Anonymous No.24257713]

LINK is a shitcoin

[Anonymous No.24257907]

>>24257713
This. By haircomb.

[Anonymous No.24258231]

Too late to buy XRP? Having some serious FOMO from the crypto meme

[Anonymous No.24258264]

>>24258231
no
this is literally the start of the bullrun

[Anonymous No.24258301]

>>24258264
Ok, I'm starting to buy then

[Biznessman No.24258465]

>>24258231
>>24258301
Do your own research mate, listening to direct buy/sell advice from here is the most retarded thing you can do

[Anonymous No.24258564]

>>24258465
I am fucking retarded though.
Will buy some small amount I can afford to lose initially while learning.

[Anonymous No.24258646]

>>24258564
If you are a complete retard and wanna make money with low risk then buy the top 4
bitcoin, chainlink, ethereum, xrp
hold any of these and you can open your wallet in a years time and see positive gains

[Biznessman No.24259004]

>>24258564
Get regular income and spend your excess money to accumulate BTC/ETH/LINK that's enough to make it in a few years without all the trading headaches

[Anonymous No.24259149]

>>24257907
Good lad

[Anonymous No.24259567]

>>24259004
That is the goal.
Tired of being completely cucked by having my money in the bank with sub-inflation interest. Will have to try to not go too deep into some memecoin though. Looking at buying into some mutual funds and keeping the crypto fraction relatively small.

[Biznessman No.24260623]

>>24259567
Anything is better than just having money in the bank at this point

[Biznessman No.24261576]

bumping for proper contamination