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PSA for newbies - reading/listening/learning is the most important thing you can do in this space (or when considering any investment).

PSA for newbies - reading/listening/learning is the most important thing you can do in this space (or when considering any investment).

All Cryptocurrencies

by COINS NEWS 20 Views

Read EVERYTHING YOU CAN.

Read whitepapers. Read positive opinions. Read negative opinions. Read tweets. Read what people have to say on message boards. Read about the backgrounds of the project leaders/developers of whatever you are interested in. Read about projects you missed out on. Read about running your own node. Read about staking. Read about DeFi. Read about smart contracts. Read about projects that failed. Read about traditional (fiat) currencies. Read about the gold standard. Read about silver, platinum, and other precious metals. Read about gemstones. Read about the history of money. Even if you don't think it'll interest you much, learn about it.

Listen to/watch YouTube videos. Listen to podcasts. Listen to your friends and family. If they say negative things, listen. If they say positive things, listen to those also.

I know it takes time and effort and so many people just want to get the latest coin/token and be done with it, BUT reading and listening to EVERY bit of information will help you so much in the long run because you'll be able to decipher which projects are scams (and there are TONS) and which projects actually are legit. Not only that, but you'll be able to help educate other new people in the future and that is a damn cool thing.

NOTE - There's going to be a LOT (and I mean a LOT) of BS out there. The more you read and listen, the sooner you'll be able to figure out what information good and what isn't.

submitted by /u/wheelzoffortune
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