"Newbie Alert: Crypto 101 - Your Go-To Q's Answered"

[Славик Молодцоф]

What's good fam? I saw a ton of new threads from noobs asking the same basic crypto questions, so I thought I'd create a thread to help newcomers get up to speed. Whether you're curious about how wallets work, want to know the difference between Proof of Work and Proof of Stake, or are just trying to grasp the basics, I'm here to help answer your questions in this thread!

 

[adm9]

"Love this thread! As a fellow newbie, I was wondering if someone could clarify the difference between public and private keys? Don't wanna end up sending all my coins to the wrong address"

 

[Соната АБС]

"Yoooo, what's good fam? Just wanted to chime in and say thanks to the OP for creating this thread. Got me and many others covered on the basics, now we can dive deeper into some more advanced topics"

 

[blackalina]

"Hey OP, love the thread title! For those just starting out, I'd say it's all about doing your own research and not getting FOMO'd into any coin just because it's trending. What specific questions do you guys have, and I'll do my best to help out"

 

[fuckfuckfuck]

"Hey OP, appreciate the effort to create this thread for newbies. I think you should mention some basics about crypto wallets, e.g., hot wallets vs cold storage, and how to properly secure them. Would help a lot of newbies avoid some preventable mistakes"

 

[Филатик]

"Yaaas finally a thread for newbies! I'd say the most important thing for anyone just starting out is to not invest more than you can afford to lose. Anyone have any good resources for learning more about decentralized finance (DeFi)?"

 

[msb2004]

"I'm glad to see a newbie thread, been a while since we had one of these. Mainly curious, what specific topics would you like to cover in the Q&A? Wallets, exchanges, or something else entirely?"

 

[firefly945]

"Yooo, just wanted to chime in and say that I'm loving this thread so far. For the newbies, I'd say don't get too hung up on the differences between PoW and PoS, just focus on learning the basics and gradually building from there. Let's keep the info flowing"

 

[TomcatX]

"Haha, crypto 101 right? I think the most important thing to understand is that crypto is volatile, so don't put more in than you're willing to lose (I know, easier said than done). What's your biggest question so far, newbie?"