Wooo!!
Surprised by these answers! You guys rock!
I took my laptop and opened this topic in front of my friend and we both read carefully each reply here and at least we know where to start. I know crypto world is about staying updated with the latest trends but also learning different aspects of it such as trading and holding them for x amount of time.
I spent a consideration time watching Youtube Videos/Documentaries, Although most of them are very confusing and I had to stop them just because I got lost but I learned few things at the moment the process for me looks like this:
In order to start investing you should open an account in any big CryptoCurrency Exchange after doing that you have to deposit x amount and convert them to BTC/ETH the next step will be opening an wallet to store the coins.
I saw here a lot of answers that replicated that I should strongly tell him about the risky part of losing everything and I can't argue on that because you guys are totally right but sometimes not knowing the risks is actually a good thing because you might end up winning lol jk
I definitely need to read more and this forum I think is the best way to do that, which thread is a MUST Here, any suggestion?
However we still have questions like:
- Which Exchange to use and is it risky to deposit all the money through VISA card?
- Which Wallet is a secure one. (I heard the hardware one is the most secure but for the beginning we can use an online one)
- Everyone on youtube is suggesting the ETH because of the advanced blockchain technology and it is going to be the currency of the future in contrast to the replies here where everyone is suggesting BTC, any thoughts on this?
- What about PolkaDot and Cardano?
I couldn't be more thankful for your time guys.