Got $50 to spend on cryptocurrency. Do you have any tips for me? by bvidal

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cryptocurrency · @bvidal · May 16 '17

$0.10

Got $50 to spend on cryptocurrency. Do you have any tips for me?

I'm new to steemit and cryptocurrency in general, and I'm looking to learn by jumping in and getting my feet wet. I don't have a ton to spend, but I've heard that there are a bunch of altcoins that are less than one cent apiece. I'm hoping that some of you who are more knowledgable can give me some tips on what to buy (or outright tell me what I should buy).

![50.png](https://steemitimages.com/DQmVtCTf3soCcruVpWmx9uYKHmMB2fUa5ms82CDSMFUFmVQ/50.png)

Or if you have any resources that would be a good place to start for a beginner, please let me know so I can get started. Thanks!

👍 seablue, cryptoking44, bvidal, angelstarr, jonathanxvi, johndefault, marzukibrain, starfina

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@discernente · May 16 '17

Look for privacy coins. They are the future.

👍 bvidal, tayree

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@bvidal · May 17 '17

Sounds intriguing. I'll look into those. Thanks!

👍 bvidal

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@johndefault · May 17 '17 (edited)

Look for coins that also runs a service which could potentially replace one of the bigger centralized ones (brokers, banks,  amazon, ebay, spotify, netflix etc)

👍 angelstarr, bvidal

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@bvidal · May 17 '17

Thanks for the tip!

👍 johndefault

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@oldmancrypto · May 16 '17

buy some bitcoin

👍 angelstarr, bvidal

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@bvidal · May 17 '17

I've read that bitcoin just had a big jump, so it might not be the best idea to buy some right now. Is that the wrong advice?

👍 bvidal

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@oldmancrypto · May 17 '17

With all due respect I think that is the wrong advice. We're just getting started...

👍 bvidal

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1 reply

@seablue · May 17 '17

Rule number one would be know what you are buying.  So you should study and read what gives the tokens value.

A good resource would be @marketingmonk's cryptoversity videos on youtube.

https://www.youtube.com/channel/UCLnQ34ZBSjy2JQjeRudFEDw

👍 bvidal

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@bvidal · May 17 '17

Thank you so much for the recommendation! I'll do some more research.

👍 bvidal

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