Cryptocurrencies: Newbies Learning Zone

timsk

Well-known member
Mar 18, 2002
6,793
1,742
223
#16
. . .but those are the questions a newbies need to ask.
. .
Hi Quantt,
If you're referring to the questions that you posed in your post #10 above, I agree they are very good and warrant serious consideration. However, they concern the merits and viability - or otherwise - of cryptos in general and blockchain technology in particular. Surely, before one can provide satisfactory answers one must first have a reasonable grasp of what a blockchain is? That's the purpose of this thread. To attempt to address your points without first having a good handle on crypto basics is to put the cart before the horse IMO.
Tim.
 

timsk

Well-known member
Mar 18, 2002
6,793
1,742
223
#17
Best answer I can find online. . .
Hi Oscar,
Thanks for your answer to the question posed. It probably makes perfect sense for most T2W members of average intelligence or better. But for ultra dense thickos like me, it's pretty meaningless. I suspect it was written by a techie geek who surrounds him/herself with other techie geeks and is so used to that world and language that they forget there are (a few) people outside of it who find it alienating and impenetrable. All of which is my problem - not anyone else's!
Tim.
 
May 10, 2012
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#18
Simple Question:
I want to buy certain cryptocurrencies, not trade them against currencies or other cryptos. How do I go about this? Endless Brokers out there, too many to deal with as I'm not sure who is good or legitimate. Plus most I've seen when looking at their websites are either trading against other cryptocurrencies, (pairs), or small outfits who say they can buy for you. I'm keen to get into this but fearful of ending up dealing with con artists etc. Any advice would be appreciated...
 

Pat494

Well-known member
Mar 27, 2004
13,135
1,246
223
#19
Simple Question:
I want to buy certain cryptocurrencies, not trade them against currencies or other cryptos. How do I go about this? Endless Brokers out there, too many to deal with as I'm not sure who is good or legitimate. Plus most I've seen when looking at their websites are either trading against other cryptocurrencies, (pairs), or small outfits who say they can buy for you. I'm keen to get into this but fearful of ending up dealing with con artists etc. Any advice would be appreciated...
The best advice I can think of is - Don't.
Paying cash for hot air promises...........barmy.
Excuse me saying but from your post you don't come across as one of those oily geeks that are in and out like lightning plus profit.
 
May 10, 2012
29
5
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#20
The best advice I can think of is - Don't.
Paying cash for hot air promises...........barmy.
Excuse me saying but from your post you don't come across as one of those oily geeks that are in and out like lightning plus profit.
Hi and thanks for responding. I appreciate your response but have made up my mind as I have been monitoring for the last 6 months before venturing into this and have a specific sum to invest. So question still stands. And no I'm not one of those 'oily geeks' :) Just putting an affordable amount into cryptos which I will hold onto long term.

I have looked at so many brokers etc that expect me to either trade USD against the crypto or they convert my cash into Bitcoin and then purchase. I simply want to buy the crypto using GBP and holding securely in a wallet.

Thanks
 
Apr 26, 2018
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#21
Hi and thanks for responding. I appreciate your response but have made up my mind as I have been monitoring for the last 6 months before venturing into this and have a specific sum to invest. So question still stands. And no I'm not one of those 'oily geeks' :) Just putting an affordable amount into cryptos which I will hold onto long term.

I have looked at so many brokers etc that expect me to either trade USD against the crypto or they convert my cash into Bitcoin and then purchase. I simply want to buy the crypto using GBP and holding securely in a wallet.

Thanks
Coinbase is probably the best known, and easiest way to get into Crypto.
 

Kaeso

Active member
Oct 4, 2015
862
91
38
#22
Hi and thanks for responding. I appreciate your response but have made up my mind as I have been monitoring for the last 6 months before venturing into this and have a specific sum to invest. So question still stands. And no I'm not one of those 'oily geeks' :) Just putting an affordable amount into cryptos which I will hold onto long term.

I have looked at so many brokers etc that expect me to either trade USD against the crypto or they convert my cash into Bitcoin and then purchase. I simply want to buy the crypto using GBP and holding securely in a wallet.

Thanks
its good to know you are not oily (y)

im not 100% sure but i think the problem you are having is that the banks connected to the crypto companies you wish to deal with are not based in the UK so you'l usually have that extra conversion to deal with if you are a GBP guy
 
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PINETREES

New member
May 30, 2018
4
0
1
#23
The great way to learn about yptos is to use crypto trading simulators. At the beginning I use them too, only after a while of training I could enter the real trading markets.
 
Jul 13, 2018
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#25
It probably makes perfect sense for most T2W members of average intelligence or better. But for ultra dense thickos like me, it's pretty meaningless. I suspect it was written by a techie geek who surrounds him/herself with other techie geeks and is so used to that world and language that they forget there are (a few) people outside of it who find it alienating and impenetrable. All of which is my problem - not anyone else's!
Tim.
I'm new here and I'm coming FROM crypto to investing/trading. Perhaps we can help each other out as if you describe yourself as a 'thicko' as regards crypto, I can tell you that currently, I'm very much the thicko when it comes to investing/trading in the conventional sense!

What question do you have on crypto specifically...if you can narrow your question down a bit, I will take a stab at it.


(Disclaimer: I have a general interest in crypto and a general knowledge...but that knowledge only scratches the surface. That said, it seems that there is a deficit of knowledge re. crypto on this board so i may still be able to bring a certain degree of understanding on board).
 

bitges

New member
Jul 9, 2018
22
0
1
#26
Guys, great topic. It's wonderful that people may be not afraid to ask questions here. Because it’s a great way to learn new things. As experienced trader I can say that this thread is useful even for me and it’s a good sign.