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This article is aimed at people that are just starting out in the Crypto Space. I’ve learned sooooo much over the last 5 years and I wanted to take the opportunity to share this with newcomers in this space.
If you have been lured by the promise of getting rich overnight or 100x gains in a week then you are following the wrong people. Sure, this can happen if you get lucky, just like you could win the lottery if you put it on but your chances are extremely slim and more often than not, just like the lottery, you will likely wake up with nothing!
Crypto is extremely high risk and I want to make sure that this point gets across. With high risk also comes high rewards and over time you can accumulate substantial amounts of money if you play your cards right. So, what are my general tips before you get started?
ONLY risk what you can afford to lose…..
If you’re coming in to this fresh and new this is THE single biggest piece of advice I can give you. Don’t sell your house, don’t max your credit cards, don’t get a loan, don’t use leverage and don’t use your life savings! There are so many stories where people have used money they could not afford to lose with the thought that they would be millionaires overnight. This is not REALITY.
Do not APE IN! (Do not go all in on a single project) and start with small amounts!
Don’t put all of your eggs in 1 basket. There’s so much happening across the cryptocurrency landscape that putting all of your eggs in 1 basket causes a number of problems. Equally, you don’t want to split your attention across too many projects and not be able to keep up or react when needed. Which brings me to point 3……
Do your own research (DYOR)
Finding a handful of good projects is what I aim for. I don’t want them all to be new projects where there’s the promise of 10,000% APY. Actually, I don’t want any of them to be 10,000% APY as this is not sustainable so something has to give somewhere and the likelihood is that you will get left holding the bag at a fraction of the price you invested!
I look for good solid projects that have good long-term futures. I find these by exploring YouTube channels, joining Discord servers, exploring Twitter and Telegram groups. The key skill here is being able to separate the good from the rubbish so to help you get started, I’d suggest exploring these YouTube channels.
VoskCoin — https://www.youtube.com/c/VoskCoin
Nerdy Dude Stuff — https://www.youtube.com/c/NerdyDudeStuff
Your Friend Andy — https://www.youtube.com/c/YourFriendAndy
Don’t take all of the information that they talk about at face value though. Finding good projects isn’t easy. This takes time and effort but if you put the time in, you will be rewarded.
Stick with the less risky side of Crypto until you find your feet
There’s lots going on in the Crypto world. There’s Defi, NFT’s, Play to earn, Nodes, Mining and the list goes on. Start small and take baby steps. If you find a specific project that you like, check to see if it’s on reputable exchanges. I’ve listed some of these below with the benefit of joining with the link I’ve provided.
— This is my number 1 — 10% off fees if you join with this (non US)
— (US/Latin America) — This is BINANCE with a different interface. This is offered in Latin America but is accessible using a VPN in the US. There are no KYC requirements so you are not limited to Binance US. 10% off trading fees
— This has a lot of projects listed from Binance but it also has some amazing gems that aren’t on Binance. The gems can move quickly both ways so whilst the exchange is reputable, be careful with your project selections — no clear referral benefits
Have a plan!
Know what you are trying to achieve. Taking the first couple of steps in to the Crypto world can be daunting but after you take them first steps, work out a plan. What do you want to achieve? Do you want to invest? Do you want to trade? Accumulate certain projects? Each one of these needs different skills and perspectives which we will get in to later in this article.
Don’t let the FOMO take over!! (Fear of missing out).
There are new opportunities in Crypto every day. If you miss one, you will find another one. FOMO I real, you see a coin taking off, you think I need to get in only to get in at the top, get stuck and find that you are 50% down before taking the loss. On the flip side, the best time to buy is when everyone is scared to buy. This is usually somewhere near the bottom
Regardless of what is reported in some of the media, Crypto isn’t going away and time soon. Crypto will continue to grow for years to come. The fact that global businesses are investing should be a sign of things to come. Getting in early gives you the opportunity to get ahead of the game and having this information upfront should get you up to speed quicker than it took me on my own!
This is a great way to get involved by investing in hardware to generate Cryptocurrencies. When people start to look at this, they instantly think of machines that will cost $100’s in electricity per month, generate so much heat that their house would become like a sauna or that they will need to live with a machine that sounds similar to a figher jet taking off right next to them. This doesn’t have to be the case but a lot of this depends on your particular circumstances.
ASIC & GPU’s
Running ASICs or GPU’s can be immensely profitable in the long term and if you are technically minded, this can be a great hobby on the side to make some additional money. These can be loud and generate some heat but if you can facilitate them in an unused room (like a garage), power them properly and keep them cool they tend to run free of a lot of issues and they make you money whilst you sleep. The big benefit to this is that you will always have the hardware to sell on if you decide that it isn’t quite for you.
GPU’s provide more flexibility as they have the ability to mine multiple different algorithms. In short, there are multiple different algorithms that projects use. If you purchase an ASIC (application specific integrated circuit) these will typically on mine a single algorithm and reduce the flexibility. On the plus side for ASIC’s, where they lack flexibility, these are usually far more powerful mining their specific algorithm.
One thing to note here is that in the coming months, Ethereum is moving aware from Proof of Work and it will no longer be mineable. The impact after the change is unclear but I see a couple of possibilities. We could see a flood of GPUs enter the market at substantially discounted prices as people try to sell their mining equipment. If this doesn’t happen then this would signal those miners are moving to mine something else which may reduce the profitability of those coins after the change. Just something to bear in mind.
IoT Mining
This is far less hassle than ASIC’s or GPU’s and honestly, so far, more profitable. Each project has a different purpose but they all have a similar attribute, they all have utility — or a pupose to achieve something. I’ve listed some of these projects below with a brief overview.
- Helium https://www.helium.com/
“The Peoples Network” is aimed at providing a global network for IoT devices to communicate. To get involved, you can purchase a miner, install this in your home and earn Helium (HNT) whilst you sleep. This has been immensely profitable over the last couple of years and will continue to be for years to come
- SCPrimehttps://scpri.me/
Enterprise grade storage service — full article of this project can be found on my PUBLISH0X but high level, plug a storage device in to your network and let it earn you passive income
https://matchx.io/pages/m2-pro-miner
This is a similar project to Helium but smaller. The device takes around 30 minutes to set up and you earn $10 — $15 per day every day in MXC tokens. When the price of MXC decreases, you earn more MXC to match the $10 — $15 per day and if the price increases, you earn less MXC to match the $10 — $15.
PlanetWatchhttps://www.planetwatch.io/
This project is really profitable if you can get the miners. The purpose of the project is to collect air quality information. This is collected through a device in your home or a device outside of your home. This device sends data back to PlanetWatch who will look to monetise the information and sell it to other businesses. You get rewarded for this in PLANETS tokens. Each device pays a different amount with the bottom end device paying $3.36 and the top device paying around $20 per day!
- WeatherXMhttps://weatherxm.com/
This is relatively new and follows a similar concept to PlanetWatch although the device you install at home (outside) is a weather station. No clear view of earnings yet as devices aren’t readily available nor is there any information on the tokenomics of the project.
- Deeper Connecthttps://www.deeper.network/
This is a device that plugs in to your home network that give you VPN capabilities. This works by using 10 000’s of these devices across the globe which effectively act as VPN nodes that you can connect to. Your node will also be used to provide services to other VPN nodes. In summary, this is a truly decentralised VPN service ran from people’s home. In the project, you do need to stake some DPR tokens to start earning passive income so do your own research.
I will be doing a review on all of these miners over the coming months so be sure to follow me on Publish0x or on Twitter to know when they are released!
This topic is one of the most time consuming and takes years to get a solid grasp on. Point to make right up front, you WILL lose trade. All traders lose trades. There isn’t a 100% win rate strategy. I will be following up with some more trading content in the future but here’s the starting points.
Some do’s and don’ts
- Get a charting package to practice. You can sign up to TradingView for free . As you learn, you may need to upgrade and pay for the package but this link will give you $30 off when you are ready.
- Sign up for BabyPips.com (for their Binance Academy)
- Use a paper trading/demo account in TradingView whilst you practice. This will give you a good indication of how well you are doing and whether you can be consistently profitable
- Learn what works best for you. BabyPips will talk you through the concepts and different trading styles but I trade on timeframes > 4H. I don’t have time to be looking at the charts every minute of every day. I’d rather look for bigger moves in price over a longer time frame.
- You can use a platform like ($30 off) or ($25 to spend) to automate your trading. I’d suggest getting a good grasp on technical analysis before starting down this road.
buy a course from anyone until you have been through the education section on https://babypips.com. This is like trying to find good YouTubers, the information contained in most courses is a regurgitation of the content from BabyPips.com and they charge a fortune!
send your money to other people to trade with
blindly follow “call groups” (these are groups that tell you what to buy, at what price)
get involved in Pump & Dump schemes, you WILL lose money
There are some YouTubers that provide some genuine content for free which is my go-to for technical analysis (even now). I’ve listed these below.
Trade Pro — Review of trading strategies — Some complex strategies but he does this the right way. He focuses on all parts of trading. Where to take profit and more importantly where to put the stop loss. https://www.youtube.com/channel/UCrXjzUN6EtlyhaaAerbPfkQ/videos
A Trader’s Journey — Again can be some complex concepts and rules but stick with it — https://www.youtube.com/c/ATradersJourney
CryptoRevolution — Can be a little shilly on his paid group — I’ve been in the paid group and there is really good content but get the basics down first. Their community is one of the only ones that I would say provides a good level of education — https://www.youtube.com/c/CryptoRevolutionChannel
There will be hundreds of channels offering trading content but once you have the basics nailed down, you will be able to separate the good ones from the bad ones. This isn’t an easy topic, it takes time, you need to stick with it. It’s like riding a bike, it takes some practice to get there but you need to put the work in.
(Decentralised Finance)
This is a whole different world. My advice, get the basics down first then come back to this. There are a bunch of alluring marketing and promotions for 1% passive income per day but this is all extremely risky. If you do decide to jump in to DeFi, I would suggest sticking to the well-known staking platforms (top 300 on CoinMarketCap or CoinGecko), stake the well-known tokens until you have your feet wet and you can really understand the environment.
Buy & Hold
This is the simplest and stress-free strategy — buy the projects that you are interested in regularly. Decide every week to put $$ in to certain projects and let them grow. offers a way to invest in portfolios from $10 which will automatically invest in to the projects within that portfolio regularly. It will also rebalance the investments if some are doing better than others. They support all of the top exchanges like (10% off trading fees), Coinbase Pro (no referral), (no referral benefit) & (5% off trading fees)
You could also park your crypto or stablecoins for interest on (no referral benefit) to earn up to 10% interest per year or 9.25% on USDT!!
Either way, you will likely need to pay taxes on and gains you make. I have an article already published on this if you are interested in a quick read — check my Publish0x!
Whatever you decide to do, I hope this article has been useful to get you started. If you have any questions, you can leave a comment or reach out to me on social media. My social media accounts are in the LinkTree below.
Affiliate Links
All of the below AND more benefits for you can also be found here: https://linktr.ee/RealisticCrypto
Trading Platforms
— $25 for you to spend on Mudrex at signup
TradingView — $30 off a paid plan
— 10% discount on your first subscription
Cryptohopper — no discounts on this one!
Crypto Tax Software
Cointracking.info — 10% off using this link
— $20 off any plan using this link
CryptoTaxCalculator — no referral so no bonus for you!
Cointracker.io — $10 off any plan using this link
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UK Specific
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DISCLAIMER
This is not financial advice, I’m not a financial advisor or accountant or tax professional. This is my experience of software tools that have helped me and my experiences with them.
I do use referral links in this guide. Using these supports future articles so if you found this article useful and you want to check out the tools I’ve covered, please use them. I’ll also call out where you get a discount — win-win right?
