"Investing in oneself will always be the best investment a person can make." ~ Charles Fuchs.
What's Up STACKERS!
Before I get started, remember that I'm not an "Financial Advisor" and that they should talk to one when making an investment into anything. However, I never will use one... I just can't take money advice from people who make way less than me. 😅
There are so many "newbies" coming into the cryptocurrency space everyday and they all ask the same question...
"What cryptos are the best to invest in?"
The best answer is... don't ask, do you own in-depth research. In other words, if you come across hyped up Youtubers "bad actors", Technical Analysis "shills", or even your social media friends (it's like they know anything anyways) take every information you get from them with a grain of salt 🤣.
Many of them have their own agenda when sharing information.
For newbies (remember this is for people just starting to learn about crypto), I recommend that they invest in the basics first. Keep It Simple! I would advise them to open a CoinBase Account (New People will get $10 Free for opening an account).
What should these new people do then after opening an account. We'll that's pretty easy, start investing. They should first buy the top "Cryptos" on Coinbase for $100 each in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash just to start off.
This will leave them $600 leftover for later until they get comfortable buying and selling cryptocurrencies while they do their due diligence looking for other coins.
Never rush into anything! We all seen what happen in November - December of 2017 when every family member was pitching everyone that cryptocurrencies was the easiest way to make money since slice bread duringthe Thanksgiving and Christmas Holidays (hyping it up).
Guess what, they all rushed in and put everything they had into the markets and well all know what happened next... They lost there asses off and probably will never invest again and calling "cryptos" a scam. 😅
Once they get comfortable, then they all can start learning and doing research on other cryptocurrencies. In the mean time, I would also suggest them to invest at least $100 into Steem.
The reason why they should invest into Steem and join Steemit.com is so that they can start earning some crypto for free and most importantly, learn how blockchain technology work.
Now that they have $500 left over, they can now use those funds to invest in other speculative plays that they think will be good.
HOW SIMPLE IS THAT?
This is how newbies should get started. I see far to many new people jump in these hyped up cryptos promising #whenmoon #whenlambo not even knowing what they are investing in.
So I hope this help out all the newbies out there if they have $1000 to invest... It's also a great outline for many of you to use to give people who are just getting started in cryptocurrencies. 🤑
Have an Awesome Sunday and Keep On STACKIN! 💞
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