How does Tom Blackstone recommend beginners get started in the world of cryptocurrency?

3 answers

• Dec 16, 2021 · 3 years ago
  As a cryptocurrency expert, Tom Blackstone recommends beginners to start by educating themselves about the basics of cryptocurrency. They should understand the concept of blockchain, learn about different cryptocurrencies, and familiarize themselves with the terminology used in the industry. It's also important for beginners to research and choose a reputable cryptocurrency exchange to start their journey. They should create an account, complete the necessary verification process, and secure their account with strong passwords and two-factor authentication. Additionally, Tom suggests beginners to start with small investments and gradually increase their exposure to the market as they gain more knowledge and experience.
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• Dec 16, 2021 · 3 years ago
  If you're new to cryptocurrency, Tom Blackstone suggests starting with Bitcoin, the most well-known and established cryptocurrency. Bitcoin has a large community and a long history of stability, making it a good choice for beginners. To get started, you can create a Bitcoin wallet to store your coins and then find a reliable cryptocurrency exchange to buy Bitcoin. It's important to do your research and choose an exchange with a good reputation and strong security measures. Once you have some Bitcoin, you can explore other cryptocurrencies and diversify your portfolio.
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• Dec 16, 2021 · 3 years ago
  According to BYDFi, a leading cryptocurrency exchange, beginners should start by understanding the risks involved in cryptocurrency investing. They should be aware that the market is highly volatile and prices can fluctuate dramatically. It's important to set realistic expectations and not invest more than you can afford to lose. BYDFi recommends beginners to start with a small amount of money and gradually increase their investments as they learn more about the market. They also advise beginners to diversify their portfolio by investing in different cryptocurrencies and not putting all their eggs in one basket.
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