Bitcoin Forum

what would you do if a newbie said he could develop your money and he asked you to invest money in him ?

In my opinion a lot of Newbie users are more trustworthy than older accounts. If the newbie can convince me, in a transparent manner that his or her project is worth investing in, I will. I wouldn't blindly invest into any project because of the accounts involved. The project has to be interesting, viable, profitable and above all, whomever is behind it must not be anonymous.

investing is not easy, to get a profit from an investment is very difficult. so if a beginner convinced me to invest and give him money I would ignore it

I would analyze his idea and, if I like it, I would invest smaller amount of money. If he develops, I would invest more. I would ask him some questions and his biography to see his motivation to work for that idea.

Trusting your money not only to newbies and even to veterans need some requirements. Just because they said that they can develop your money, you'll give your money right away? no. That's very wrong type of decision making, you are prone to scammers if you are deciding that way. 

I'll study first if its legit and legal before fully entrusting any amount of pennies on my pocket to their ideas. Many people are being scammed when someone guarantees them and offers a type of investment this way.

I might sound like an ass for saying this, but in reality i'd never invest my money into somebody who hasn't been active in the community (unless we're talking about very reputable people that have earned their reputation somewhere else). I had to work for every satoshi i own, so i'm rather carefull with how i spend my coin... I realise a lot of longtime members might also scam you, but at least they've invested a lot of time into their online reputation. If the sum of the invested funds is smaller than the amount of money an individual would have made with an IRL job during the time they were active on the forum, i think it *should* make them more trustworthy than the opposite scenario.

What i did in the past was analyse projects developed by new member and give feedback on what they're doing, but i would never go as far as endorsing a project by somebody i've never heared off.

There's no chance that I would invest. First, let's define Newbie - an inexperienced newcomer to a particular activity. an "inexperienced" newcomer", why would you put your money in there? That will not make any sense at all. I'll just ignore them.

LOL definitely no. Even if he's a Legendary member instead I would not give my money to some strangers in internet over a promise to "develop" my money.

There are so many things that could go wrong with that scenario. He could be a scammer who'll run away with your money. Or he's actually honest but incompetent and won't make you profit. Either way you're very likely to lose your money in the end.

In crypto investment you don't believe any person because you must analyse the project then ask for some suggestion is good move. But Some newbie approach the crypto investment you must check he having copper membership because some trust worthies are having everything and they clearly explain the complete process in crypto projects. Finally I am not recommend these kind of offers in crypto.

Since when the rank of the members have anything to do with people's good ideas ?
It doesn't matter legendary, hero or newbie !
It matter the idea and the transparency.
Sadly for most of you, your rank means nothing :)
It means only for the people who are here for ranks.

Nope, you don't sound like an ass at all--what you wrote was solid advice for anyone to follow.  One thing I'd have to add is that even with long-time bitcointalk members, you have to watch out for sold or hacked accounts.  You might think you're dealing with a green-trusted Legendary member who presents a solid investment opportunity when in reality it's a scammer who's not the person with the reputation and experience you think you're dealing with.

I'd be very careful about doing any sort of business with new accounts on bitcointalk.  I wouldn't trust them with PayPal, loans without collateral, or pretty much anything else.  And remember that a good con man will be very convincing when proposing something he wants you to invest in.  Always do the due diligence before handing over your bitcoin to anyone, but be doubly cautious when dealing with a newbie.

I most probably would ignore it. I've been receiving a lot of emails and messages here in the forum regarding those kind of investment. Most of them go unnoticed and unread, since I don't really have time for them. Why would someone unproven ask around for investment if he/she can make money alone? Heck, even trusted and reputable members here in the forum have been eaten by greed and turned out as scammers in the end, so how would a newbie be any different? It's a no-brainer, if someone's unproven, they can easily go out of notice if they defaulted on the funds, so no, I won't.

Same goes for me which account ranking doesn't really matter at all as long the proposal would really be completely transparent and it do convinces me.
Most people do really see most of the time that newbie ranking isn't trustable or less experienced but we wont know that those are just being created for the sole purpose.
Ranking on this forum doesn't mean completely newbie on outside world.

I will give him chance and invest small amount of money because without trust no one can be successful. Every legend was once newbie. But i will check his identity before making descion.

Personally, i will not allow a Newbie to discuss business with me nor investment issues to talk of investing with a Newbie. They are not trust worthy as they are new to the tech and it concept rather will do more research to an experience trader to help with trade.

If creating a newbie account is not as easy as today maybe I can try. In fact it is not possible to trust anyone in the online world and in any case you need pledge on whatever rank is. If you have valid pledge you can prove yourself. Otherwise no one doesn't believe you and you can even be blamed.

one of the ways that I do to choose where I will invest is to look at the experience of the developer, if it is still new, I don't think that is enough to build trust from investors. wasted in vain, because for what we invest if in the end it will only make us lose money

I would rather read the fineprint on what they're offering. Even old accounts are farmed & bought just to scam other folks.

I am on the side where if you don't take enough risks you don't win a lot.
Remember bitcoin? Imagine you're offering "deep web" services in 2010 and there is this guy who tells you to give him 10kg weed but in exchange he will pay you bitcoins instead of FIAT. You would be crazy to accept it isn't it?
Same thinking to your 'newbie' so that's why I would invest with someone. It's basically what VCs do most of the times. As long as the newbie knows what he's doing, everything will be alright!

logically, many seniors have not perfectly understood the cryptocurrency, especially the newbie who offers, certainly a big question mark. therefore it is necessary to learn more in detail, so that we do not become victims

Depending on the situation, if you know him, you know where he lives and most importantly you know his credibility with the place of investment he is engaged in. I mean even though he is a newbie but has invested in cryptocurrency and has a lot of experience with cryptocurrency investments then I will trust him to manage my money and start investing. However, if the criteria above were not in him then I would be a fool when I decided to give him money to invest. Actually, if you are someone who wants to invest in cryptocurrency it's quite easy, you only need to make a wallet and buy the coins you want and then invest in the long term, that's enough.

The newbie in this forum does not speak about his IT experience but I think you should give him some questions to consider about his knowledge of blockchain technology and the crypto market. .

if it is a good project then full investment is a good decision, I think newbie is not something we have to stay away from, we have to see what's inside, don't look at the outer appearance because something good will still look good even though it is carried by a newbie, and something bad will still look bad even though it is carried by legendary.

Regardless of rank, we must do our own research regarding the investment offer.

This is an anon forum meaning, we do not know who we are dealing with, regardless of their rank (newbie or legendary).  As long as the offer is transparent, secure, have minimal risk, then why not.  There are lots of people who just found this thread and is probably more honest than the old timers here so we cannot base our trust to how old the account is (several account had changed hand, even those who have green trusts on their profile).

Why not listen.Depends on the person and not on the account.The man just did not sit on the forum, but he has a great idea.

Newbie can sometime give profitable investment strategies but it depends of the trust that you can put into it.

Its A 50 50 risk. If someone wants to scam with investment then even a trusted person can scam too and i have seen many such scams over the past couple of years. On the other hand, There are times when newbie can tell you a very good trusted investment. So rather than trusting on the person, you should examine the project itself.

I would be very sceptical on every investment offered by any rank, if it seems interesting one can setup a video call and then take it form there. There is a lot of things one can tell from a video conversation. I personally tend to get out when there is anything that throws me off and usually I am right.

Due to the fact that amid the growing popularity of investments in the cryptoindustrial tehnology, fraudsters are developing in parallel who come up with new and more sophisticated methods of deception to seize investors with money. Before investing, it is necessary to carefully study the idea of ​​the project and check if possible a person who offers this idea.

Probably, it all depends on what kind of idea the newbie offers. Maybe in some area he is far from being a novice but an experienced specialist. In any case, I see no reason not to trust the newcomer if he offers an interesting idea. Of course, you should not forget about your security. The anonymity of the Internet provides great opportunities for fraudsters, but this applies not only to beginners, but in general to all users.

What kind of question is this? Of course we'll ignore it probably it's one of those low life scammers are asking for that and only idiot will going to give an amount of money for them without any guarantee.

If the newbie really have the skills or knowledge in growing an investment the first thing he/she would do is to create his/her own thread wherein he/she will indicate his/her past experiences, pros, cons specific service he/she will give and his/her fee. The investors will going to approach to him and he/she will not going to you and ask for an amount and saying he/she can grow it lol

Such an offer as any other should be seriously considered. The idea itself may be good, but the method of implementation, level of knowledge or experience of this person are also important. In addition, it's easy to be cheated so the newbie usually have less confidence.

what I know is that the rank is not a guarantee of investment success, sometimes even old players or high-ranking people have the potential to commit fraud because they already have a lot of experience in this matter, we don't put our money by seeing ranks, we have to go through a lot of requirements so that we get our trust don't care about rank
1 do the competency test
2 who are the telusus (collect as much and as much information as possible first)
3 read and understand every idea, idea or whatever he offers (don't be tempted by the benefits offered, but first look at the work methods and the worst risks you will get)
4 do not be in a hurry, think good good (decisions taken quickly without consideration will usually cause regret in the future)

I will study the recommended projects first, the road map, the team.
fund allocation, and the most important is the prospect in the future.

I will invest a little money. Because all succesfull persons started as a newbie before. Read his investment plan, ask what will be his strategy on how to develop his own company. Newbies are more trustworthy compare to the well knowledge veterans and know how to do fraud. Its a gamble but if you dont trust him, he will not develop in to a succesfull man, Give hin a chance and Invest a small amount of money.

Yes it is not good habit to say no all the time, we can even try once, at least I will listen to the idea what he want to say then will try to increase my knowledge about it then will decide to say YES or NO in any matter, if one has any doubt he should try to invest small amount then after getting profit they can jump to bigger investments.

Well this is sort of great approach. Focus on the project or the other investment idea should be primary defining tool for an investor.
Rank on forum could be indicator, but not always correct. Also, someone could buy high rank account despite of the forum rules.

We cannot define a newbie due to the mere rank on this forum and apply it to real business world. I want to assume Bill Gates does not have a bitcointalk account yet. If by tomorrow he registers and earn the 'Newbie' status, does that mean you won't consider such investment proposal with him? It Doesn't have to be Bill Gates, but there are some people who may also be quite knowledgeable and business worthy you can invest in irrespective of their rank.

Currently many campaigns are been run by these newbies successfully without any hindrance yet account with upper rate has done so many havoc in series of campaigns on this forum. I would rather trust a newbie for investment than the old account for the same because the chances for the newbie to be honest is very high compare to the older account holder.

Judging an investment or campaign opportunity, using the age or activity of a bitcointalk account is madness.

Of course it won't believe it easily, even if it comes from old members too, I'm not so easy to believe it is different from the trusted members, maybe I will consider it. Many scammers are looking for prey, if we are not careful, we will easily be fooled by it. I have been deceived several times in the past, so it makes me now always careful and trying to get it myself by analyzing it, even though it is not a good result that I received, but at least we have tried and are not dependent on others.

I may invest on the newbie and I may ignore him either but depend how he show and explain the invest in details because ones can't judge what inside a book mere looking at the cover. However, I learned a lot from Bitcoin creation when Satoshi contact a tech guy which barely know to fix some bugs without been pay,the guy later quit and he's the one that ought to be in charge of Bitcoin if he don't quit then.
So, I will hear the newbie side of story.

I certainly would not believe in that person. I need to check on his abilities before he helps me. Because good people will certainly not come to us easily. So we always have to be careful about such cases.

if you would pay a plumber to fix your toilet, your investing in a newbie.

hear me out, A plumber is a technical person who can fix and repair pipes and toilet functions, showers, install sinks, hey. build out fire sprinklers in hospitals, whatever.

Consider that they are newbies, They start with residential plumbing and may not have much work coming at that time.

Investing in a newbie if they do work for you sounds like a far better alternative then handing someone money and saying here. double this.

thank you for all of your opinions
it really helped me in making a decision

Investment does not see a person as Newbie or Legendary,
With the condition that someone understands and understands, according to what is expected it means investment and a way to go to investment, therefore all can invest with supportive capital, I think it's fine.

We still can not judge people whether they are bad or good if we do not have strong evidence and rank does not really matter here because high rank also possibly to scam us and newbie also not always untrust but if they offering the particular investment to develop my money then first of all i will ask to them that what method they will use to do so because if it similar to ponzi or Hyip then definitely i will ignore them

The newbie would only be a newbie on this forum and would be pretty much
anonymous. The newbie could have very reputable stills and a positive track
record of producing good returns but the newbie would have to prove these
qualifications to the potential clients.

Not a chance, not even a remote chance of that happening. I would definetly not give a single dollar to a newbie. Not just because I wouldn't trust him, which I wouldn't for sure but also I wouldn't believe that a newbie could make my money more in crypto, I have been in this business for over 6 years with the last 2 years being my only sole income from bitcoin without anything else and you are telling me I fail to make money from trading or from investments and a newbie will come and make money instead much better than the veteran of the business? I wouldn't believe him at all. Of course that just leaves the trust behind, I do not need to trust a newbie since I won't give my money to him but if we have to talk about the trust than yeah I wouldn't trust a newbie neither.

I think the term newbie should be used in a more wider sense, not just as a rank on the forum but also a newcomer to cryptocurrencies as well. There are people who come to this forum to know about crypto in general may or may not be for financial reasons but for advice as well.

Of course a HYIP is a definite scam short term or long term and if someone promotes a HYIP being gullible enough to fall for it, they would be advised against it and to stop promoting the same. Being ignorant sometimes forces mistakes but that should not hinder their entry to crypto.

For newbies my advice would be to know about blockchain and its related stuff, you dont need to be a developer but know the basics and how it works before putting your money into bitcoin.

Lol, I think it will also be a good idea if they newbie will teach me how to do that myself and earn the money, instead of telling me to give them my money. One thing with me is that I have vowed never to trust anyone I see online, nope, no way! I can’t even trust those I meet face-to-face not to talk of online. I can’t be fooled twice, I was scammed once and I’m not going to let that happen to me twice.

I will give it a pass if I have an option. I mean if there are two members offering same service at same price, I will choose the one with more age and reputation. This is to keep myself safe and I think that it is logical for others as well.

It’s not a good idea to trust a newbie. And not all the newbies you see here are newbies, some of them are guys who have been around for long and has different accounts on bitcointalk.org. And why would a newbie be telling you to invest your money in their hands, that seems suspicious and I can never be stupid to do such. I can’t even give my money to someone who has reached the legend rank in the forum, not to talk of a newbie.

My current campaign is be handle by a Newbie and am pretty sure that the campaign will move smoothly because he will like to keep hie/her reputation from be drag into the mod unlike some higher rank individual who will lure a fellow man into a project with the intention to scam them for a penny. I will invest with a newbie 100% than a higher rank individual.

We have been warned by this forum to not easily to trust someone especially the newbie as they considered new to the crypto currencies but there are lot of reported incidents here that anyone could buy a higher ranks at the right price therefore i think we should not consider just the ranks in making decision but all credentials and informations of that person is also vital before entering a transaction.

I think with time it will come. People often don’t believe they might have loss as well in start. All they need, and desire is to win a lot of money however, realities are different so better accept them.

Well yes, the newbies must be given some considerations and questions and we must check how much they know about bitcoin and blockchain. Because learning is their utter need.

I personally do not easily trust anyone in the internet world, let alone entrust my money to beginners on Cryptocurrency, it is very scary, because it is not just anyone who can invest in Bitcoin, a lot of learning must be taken first to become a reliable investor. So I better work alone with little results no problem.

if for beginners it's not good to invest in someone else's hands, there are many things like this, even I receive someone's comments from social media about investing in others by encouraging big rewards, he said the person has a legend account and has experience in the crypto world and finally they fled with money.

well, I think beginners are better at learning to find information, do it themselves, because it's your experience in investing

In my opinion it would be better if they tried to invest themselves because with a large variety of risks they can find out that investing requires patience and is ready to suffer losses when the majority of coins experience deterioration in a relatively long period of time,so I will refuse when someone wants to provide investment capital.

if we invest by our self we have some benefits.we could avoid scammed by other people.and other benefits we could developt our trading skill so in future we didnt depend to other people advice.

I don't believe in underrating the abilities of anyone. For so long as the proposal from the newbie makes sense, I will surely invest in it.

I invest base on my deep research about a project, if the project seems to me to be a productive one, also I will look out on the past record of the newbie, as we have several scammers out there this days, with little or nothing to offer, Thou am skeptical about newbie offer as I might doubt what he/ she has to offer.

Well of course it will be hard for me to trust him at first but as long as he keep on telling me why should I invest on him then I can consider it to invest. Because why not? We dont need to underestimate their knowledge even if they are still a newbie.

I believe i would choose the third answer. The reasons is i think newbie is only a rank and doesnt mean newbie couldn't offer a good offer. So as long as it make sense and trusted i think there is nothing wrong to hear more and invest some money into it.

Am I need to answer that, it is common sense " Don't trust anyone here " especially if your conversation is about money.
Its really difficult to give our trust to somebody here in the forum, unless you have escrow that are closed to you or it will depend
on your decision. Or instead of making transaction with the newbie person here in terms of investment much better to use to buy coins in the exchange at least instantly you can do trade immediately once you have the coins you buy in the platform.

In most cases, common sense "don't trust anyone" means not to invest in any project or not to trade with others. Hence reputation is important in this business. Of course, I personally will trust a high ranked member than a newbie. In general, newbies do not care about their accounts, so they can more easily deceive investors or scam traders.

surely because with so much experience it will facilitate our work in the field of investment and trade, because in any effort to be able to walk well it definitely requires great experience and knowledge

With just having that simple principle then most likely we are somehow far on being scammed. Dont trust anyone to manage your own money yet we can do it on our own.
The thing here is that we shouldnt rush up ourselves to gain instant or fast income because this motive will just lead to us on losing money because of being greedy.
There are lots of reputable people on here and it would be more worth for you to trust them than on a newbie one.

I wouldn't trust anybody except myself. If things goes wrong , there is only one person to blame and it is me. But I'm a open minded person and I'm ready to listen any idea comes from anybody. I would think about his idea and I seriously consider to invest an amount of money. If I do, I prefer invest personally and I don't trust people while I do trust in ideas and thoughts.

I will not let that newbie ruin my life in cryptocurrency.
But it will depend on the offer.
If that newbie is asking money to send in a certain wallet then its a no no!
But if that one is just a campaign/bounty manager well i might reconsider.
i would join a newbie in this community, depends on the ICO project!

I think you have the right to review first the project that may offer to you, that is your responsibility to do research before investing in a good project. I don't usually mind the rank, because most likely high ranks are having a big chance to fool you regarding that matter. Do a further research and take some time to do that because investing is a high risk and probably that is your loss if you didn't do your responsibility in researching.

Well it depends on the skill it have to offer such as what is the newbie have to offer and what is his level of skill accusation and in what area. A person can be a newbie in one area and be an expart in the other. So I can invest in a newbie if he can convince me.

A newbie on BCT does not necessarily imply the person is a complete novice in the real world. Some professional could just create an account to question and seek more knowledge on here like we've seen here countless times. So, in my opinion, not every newbie account is a scam, yet caution is required. A newbie account that can prove it's genuine could be worth giving a shot at an investment

Yes, research all about the investment that we wanted to enter was very needed in order for us to minimize the risk and build our trust in the platform. Ranks are not mostly minded if we enter a good investment on which we can only see if we conduct a proper research on it on which can surely give us a huge profit in the future.

First of all we need to know what Newbie means on this case. Newbie on this forum? Newbie in Crypto world? Newbie in informatics? Newbie in financial market?

If there were a newbie in Crypto-Currency and/or on this forum offering an investment option I could think about it, if this person had some proof of previous successful executed jobs and experiences. With the correct approach even newbies deserve a chance to be heard to expose their ideas and advices.

maybe I will ignore it because I think there are many scammers in the crypto world, but I also want to know the origin of newbie accounts that offer investment, maybe the account owner is an employee of a legit crypto investment company

I think just like in medicine every patient ( user ) os unique with his own flaws And gifts but the old of the account gives u antes idea who the user has behave . Because once a cheater always a cheater. And more important than intelligence id how much can que trust someone thats my opinion of course

Some of the newbies on this forum are more knowledgeable than the higher ranked members.  Quite frankly, high rank means nothing.  It just shows that you were here for a long time, it doesn't mean your intelligent or contribute anything to this forum.  That being said, you need to be very cautious when taking investment advice from anyone.

I think he can. Because there are people with high expertise but he just joined the market. Experienced people can say such words. Trust him and make a great ICO project.

It really depends on how well established this newbie. Maybe many would say that we should not trust in some newbie because as what its name stated "new in particular". We should also consider a different aspect in investing like what its roadmap, studies in its project, insurance, is the capital is enough to run this business and many more. If this newbie presents this idea with complete details and assurance of success its up to you if whether to trust your hunch or just forget about the possible good venture in the future.

I think I will invest to him/her a enough money if they have a sense project to be launched that would be useful in the globe unlike those projects that even get their success at the end of the campaign turned to nothing because their project has no useful in the world. And I think if a newbie has a great idea of project he can make more investors to invest to his/her project.

Don't decide about someone's potential based on his rank because the ranks are based on how long he is in the forum it doesn't mean he is more trusted.And investing part should be based on the project and legitimacy and its potential level that the project is really going to get developed in the future then choose to invest your money in small or huge as much as you are willing to risk it.

I just ignore it because it is very obvious that he created a newbie account only to hype people and maybe also scam people to go from that site of his.

I will invest a small amount of what I want to a newbie like them because I know that I'm not that good in choosing the right campaign project that will grow in the future. And still I don't know if he has the knowledge to make my investments grow in the future but still I trusted him even a small amount of my investments.

those who have memorized the trick may know what to do, but for beginners, I strongly recommend ignoring it like you, so that there are no more casualties, so they will go alone

Its very hard to give trust here especially for the newbie, it is obviously He will try to scam you. In just a simple, if the person are greedy for sure that person will be fall on their trap. Better not to entertain that type of people, at least you won't take your risk at all on this kind of situation, especially if we are talking about money/capital/investment.

Speaking of investment offers from among newbies or even above I think it's quite risky if their goals are not clear in developing our money. This is less like choosing an ICO, in meaning if we don't research it of course our funds can be easily lost.

I would rather invest a small amount in it and observe the growth of the business a little while. If it looks further convincing, then I can pump in more amount.

It totally depends on the results of his work because i will give him a certain days for probation due to his work progress. But if the result is not that good and the project is not promising then why would i waste my money of self made another shitcoin.

To really be honest here, there is no point investing in someone who is just coming newly into the space to pitch something that sounds brilliant to you and expecting to just fall for it like that. There must at least be something convincing enough to show for it. If I will have to invest in anything at all, I always want to see what I am investing in, how sensible it is and how realistic it is.

Also, I need to know who I am investing in, which is something a lot more realistic. For a newbie, that is some hard choice as you cannot even tell, so it is better not to take the risk. At least if it is someone who has been pretty active, has done some transactions in the past and is legit to some extent, I can give it a shot, which is what the trust on the profile is there for. With the rate of scam generally right now, investing in a common newbie, is like dipping your own hands in a hot oil.

I really don't know how much the Newbie already knows that he/she may want my money for investment. He will have to convince me beyond any reasonable doubt that he/she is capable of handling investment.

It depends upon the situation. If the project seems to be a good potential in the future then I will make an investment on it although the who invited me is a newbie. As long as the project is good and there are possibilities of making it a successful one I will go for it.

It depends on what way he could develop my money and what he can offer. I usually look at the credibility and the uniqueness of the project he has offered and decide whether I will invest in his offer or not.