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Newbies like myself be warned, don't make crypto decisions because of the following, they are very misleading and extremely danger to your money

1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading

Seek for answers and you shall find, knowledge is power

Newbies might shudder when prominent people or those they see as masters turn of with news -nagative- but I would encourage them to be more ebullient in there doings. I don't condemn asking others for advice especially form those that has shown solitude towards them in there cryptocurrency knowledge but sometimes if one constantly follows the current of news someday might be washed away by it. So it's easy newbies develop a gusto for learning.

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In between, mate do you mind not making your posts look shabby with emojis

I don't know why newbies are trying hard to follow successful people when everyone of us has a unique identity to the market. What I mean is the opportunity you see, is different from what I see and the main factor is the in depth understand of the market of one individual. Learning is way different from copying, it's not wrong to follow someone but just think that you got a brain to do it differently.

And then there are the projects that most of us hate right now simply because they are not profitable. It's been a couple of years since I quit investing and bounty hunting after a 90% scam projects that I joined I decided to quit and take the other way. The market is full of dark rooms, you're in luck if you don't get into one.

The only regret for those who will possibly follow projects because of those who are involved in the building or sponsoring the project will always be tears all the way. Experience has taught us that: many of these billionaires aren't doing those projects for.themselves but out to connect the poor to the rich (ie) those guys influence these projects for the poor to make their investment and then disappear from the projects.

Though, no matter how we try to advise those newborn, they will still get into this because of "let me try this out maybe I will succeed". Influencer's are been used to impact projects these days and later be abandon to crash to the moud.

This will only safe those who don't want to make unnecessary mistakes in crypto space, many don't care much, they only learn right after they make mistakes but before making mistakes? They don't really care much, thanks for sharing anyways, will be useful for those who wants to learn

To be honest, you do not have to worry about this things in crypto currency.

Before you do anything crypto related, always remember to stick to the basics all the time. The basics include that you should verify all sources, do your own research and get facts before investment.

Opinions, analyst and others should act as a guide to your research functions, not your source

Well, definitely you are right and i think there is a need to focus on the third point more, people need to understand that margin trading is not for everyone , it is so risky that you can even burn your 100k account with a couple bad trades so avoiding margin trading is recommended and greed should not take over otherwise you can lose even your original money, try normal and 1:1 ttafing and master it to make consistent profitable trades everyday or week.

Im always joining in a hyped project that launched its IEO on major exchange site and i always got doubled as minimum profit because the early investors will be a party that gets a decent profit caused by the position has been giving more chance for the price of the coin to be pumped.
Normal trading is much better but it will be going back to how good people to trade in the normal spot market.

1. Analysts give shit predictions just to fill their own bags with your money (they pump up the price first and then make you buy the peak, then dump on you). I only follow Blockchain Whispers, one of the best trading champs with hell lot of collective knowledge about everything, from normal trading to futures.

2. When a person couldn't keep his/her words, it's not worth it to follow dicks like McAfee and all other shit who involve their names with a project and hype it just because that project has paid them a very handsome amount and these billionaires - they just want to test our level of stupidity which is why they lure us into such shit projects.

3. Very true. Going directly into margin/futures without understanding the basics and checking out ability to even profit in basic trading is like you don't know how to play with needle and you start learning swords. ;)

Some certain Crypto Analysts predictions may help you in making a decision but it is not absolute. You can just use it for one of the considerations. You may need them as one of the considerations moreover when you have no idea about what to do. then, analyzing by yourself is much better to complete your own right decision.

This person only wants to make himself popular and popular. Ignore him every time he makes a certain statement or surprising news.

You may, but of course, at first, you must learn about these types of trading. You may not only follow the free signals offered by other parties. In this case, just learn from many sources and use the demo to try it before going live. It will help you understand trading. if you are not ready ith risks, never turn into trading.

most beginners only see the benefits that can be obtained by professionals, without paying attention to things like that and they finally jumped into it without having the knowledge of trading and market analysis, it has happened with me in the past, but I tried to seek more knowledge after I loss

1. I am a victim of wrong trades between 2016 and 2017.. Yeah there are a lot of instant Crypto Analyst in Twitter. Dont make fall from their predictions.
2. Mcafee is known for being a paid coin shiller of shitcoins. I hate this guy.
3. Margin trading is not for newbies , even experienced traders should be careful.

Probably, you might followed this things before that's why you are now telling us here not to believe on this matter, isn't it right?
Well, I don't walk in that way actually. I walk on my own way, neither follow the steps of others just for thinking that I can get earnings from
it, of course not!

1. There are no experts here, those crypto analyst are just making a wild and educated guess. Crypto trading is very different as the price is very volatile and it can go in either direction.

2. Billionaires are even used to run fake giveaways as well.

3. Future and margin trading sound like very easy. But it is not, you can loss your money very quickly if you don't know how this works.

Learn and educate yourself, that is the first thing and it should be your golden rule.

It will be hard for newbies to take their eye off projects that looks like will be big in future most especially when it's coming from an analyst, few projects still use John McAfee for HYPE and it still works, as for me I've learned my lesson, the hardway seem like the only way

Margin trading is not for everyone, not just newbies only even experts loss tons of money using margin trading, the first time I tried to go through what margin trading is on binance exchange I had no choice but to walk away, profits are more bigger and losses are more bigger too.

1. Too many of them and you need to choose whoever you are following and likes of their predictions. Don't be too excited about everything they say. It's okay to be educated but you should know the limit of it.
2. Not every word of these billionaires are words of wisdom, sometimes it's words of marketing.
3. Just don't trade if you can't avail and practice it with small amounts.

1. Sometimes crypto analyst predictions did come true, it's all about applying your own sense and strategy
2. Honestly I don't like projects that use well known people to promote their projects, instead of showing the world what their project can do they are busy talking about McAfee involvement
3. Margin trading are the highest risk trading strategy, not recommendable for newbies, some professional traders still run away from margin trading too.

Almost all projects that John McAfee hyped are down in value up to their death door already, I'm not saying it's John's fault but yeah he sure got his reputation ruined already, my advice for newbies is to have interest more in the use case of projects not those hyping the project

I totally agree with you on ideas 1 and 2. The market is full of manipulation and celebrities always use their attraction to create cheap fomo news. Many newbies believe in the vision of McAfee, CZ and Justin Sun to buy Bitcoin and hold. After that, they were the ones who lost money from those fomo. So don't think it's easy to make money in the financial markets. We need to learn a lot and experience a lot to understand the kind of market we are participating in. That's what we need to learn the most in the beginning.

To plunge into the crypto world surely we must learn first how to step and get results, and we must know that all crypto users who have been successful have passed through the hard times first and finally they can enjoy the results, and for beginners who want to invest they have to be interested in the market movements so that it is not easy to make decisions.

LOL to all newbies I would suggest staying clear of the projects that McAfee endorses because so far I invested in 2-3 such crypto projects and the result was extremely bad lost almost 50% of the investment that I made lol.

Always DYOR.

Are you sure that you're a newbie?or just pretending to be one to earn merits?because the way you deliver this thread it looks like you have big knowledge in this market ,How did you even use mcAfee as example when there are so many whales here/and popular people  to consider that manipulates the market.

But yeah i totally agree on that Advises because the Newbies are very Vulnerable from being mislead and sometimes believing in small lies of those people.

Better ask first before investing ,Or read some guidelines here how to find scammers or fake projects.

And also be careful In Hype coins,because most of the time there are so many victims from this kind of approach.

Whether he is new here or not, at least the OP already realized several things here in crypto. Not many crypto users realized those things as early as they are in this industry, even long timers can make a mistake when it comes to investments. I hope more and more crypto users will be aware regarding those things to avoid further losses of their funds.

Not all analysts is wrong and only want to manipulate the markets. Sometimes, their prediction is also become true. This problem should we look by case to case, if the analysts is only shilling his service / altcoin ( McAfee) then, you need to avoid his prediction.
Also you should think how realistic his preditction, if he said X coin will be worth $10000000000 in next 1 years, you need to avoid this preditction too... No need yo take futher research, only waste your times.

 Newbies shouldn't hastily enter such fields when not yet ready to take the high risk of losing.
 1. Those crypto analysts predictors are mostly not accurate and just wanted to hooked up newbies. Most of them are paid crypto analysts.
 
 2.Remember that hyped projects are also useless at the end. Using popular people to make the project be known will not be considered as a success projects. Look for it's objective and potentials.
 
 3. Other field of trading like future trading and margin trading are one of the complicated and more risky type of trading that a newbie shall spend more time and shall gain more wisdom before deciding to try those.

Yes, it's better to choose a project that has a real use case, rather than trusting the project recommended by John McAfee, because in general and in real terms, people's interest in a product is certainly due to the actual use of not just or limited prediction there is no real result.

This is correct and I agree with it. Also, most people who tend to follow this routes are those who had a different mindsets which could be as a result of what they heard and so on, thus when whey join the crypto space they will be easily moved by hype, what analysts says etc. In my own opinion, I think it is far better to first seek for the knowledge of the crypto space which of course covers a whole lot of questions thus knowing what is obtainable through this way making the right decisions. Lastly, I wouldn't say the first point is to be watched out more than others, NO, all have the same devastating effects thus should be avoided at all costs through doing the right thing.

It's dangerous to make decisions because of what you've heard or because someone said a project is good enough, you have no clue so I expect you to find answers if the project is really worth investing on, silly mistakes that newbies still do till date is trying to invest on something they don't know anything about .

There are just many things to learn as a newbie in any business.  Knowledge is very important for a successful stay in anything.  To base decision on hype or some predictions as a newbie may be disastrous.  It's better to seek quality knowledge first and start very small to gather experience, and this forum is a very good place to gather knowledge from experienced forum members.

I'm only going to rule out your last point because that's the most dangerous move for everyone, margin trading always ends bad, many lose thousands of dollars in margin trading that I know of, but for hype and predictions some people makes lot of money out of these, can't say thy are lucky, I belief in strategy more than just lucks

Marginal trading involves high risk. This includes losing a lot of fund even you know how technical analysis works. It will not be same with the case of normal spot trading. The ratio of liquidation and profit is adjusted to level of leverage you can spare.

I could say this is not advisable but many have take advantage of this method as they know how the market move up and down.

Regarding projects of hype known people, there are some who loves to ride this and benefit but most of them are useless so I wont use my money for these risky projects.

What you have listed is the very first common mistake by newbies. Cryptocurrencies are a very risky investment and every step or decision should be considered with deep knowledge before venture out.

Thats true you dont need to trust anything including your investments or trading strategies rellying on others openions or other suggestions. You have to study at your own until the day that you finally learn all the basics lesson on how to earn and trade and you will got your diploma.

It is a common misunderstanding among crypto newcomers - hyped up projects, loud ICOs/IEOs are mostly just scams, but they look like "real deal" projects for newbies.
Unfortunately, real crypto projects are not that loud and their updates come out once in a while, I mean its not that fun and profits are not as magical as they may look like

I agree with your 3rd opinion. If we do not understand trading and margin options, I believe we will lose and fail. My friends have made a lot of losses with margin so we should stay away from them if there is no experience with it

we should not trust the predictions of famous people, because the ups and downs of the crypto market are determined by investors who have a large capital, and most of these problems are deliberately made so they can buy them as much as possible when the crypto prices go down.

That exactly what newbies are doing since they don't have enough knowledge how the crypto works/flows they often being lured to any projects with high risk high rewards scheme. Try to learn and educate yourself first, you will not get it in just a week or a month of just being in the forum or anything.

Well McAfee has ghost token now and it does looks like a very promising project, this will have a lot to say about the man actually if there will be a space for him in crypto space or not time will tell, using well known people is one hell of a way to attract investors, I'm not against this

Knowledge don't find you or anyone else if they don't make any mistakes, doing mistakes is very important in our lives although no one wants to make mistakes but we really can't escape mistakes, can we?? Whatsoever happens to anyone on here learning from your mistakes is the way

1. Analysts predictions can come true but not reliable, it's better to have your own plan and learn from analysts.

2. New projects will always need hype from good sources or well known personnels, there is nothing wrong in doing this, you shouldn't invest on projects because of this without doing research

3. Margin trading is something that newbies can't figure out unless they have enough trading skills and still losing money is highly possible

Normal trading is still very hard to get by without getting rekt once in a while but margin trading can bring disaster to your door step, leaving you without any money left, highly dangerous

There are lot more things to be added in this list like,

4.Stay away from the investment schemes which gives fixed high returns weekly, monthly.
5.Don't invest on a project just because it is promoted by a reputed exchange.
6.Day trading with all your money.

To learn something about crypto it's necessary for newbies to follow up some experienced people for guidance but it's not mean they should follow the people like McAfee there are many experienced people who are doing great work to spread knowledge about crypto and their guidance can be much helpful for newbies if they could find out the difference between popular and experienced people.

These are the true fact that every newbies should know many basics before started in crypto sector. Whether they involve in token buying or the trading they should first know the functioning of the crypto that how they are working in the blockchain and the most part is the security of their token if they have purchased of going for trade.

There are people still belive in crypto analyst's predictions? I though those kinds of thing are long gone since most analyst hold agenda or coin they need to shill.

The answer should be yes there are and even so many people have followed what they have called it as influencer. I like you were saying about the fact if there should always be an agenda and the analyst is always try to fool the newcomers for money. We have seen analyst that predicts ether will be dumped to the $80 but it's not happening right now

This is good, a newbie advising other newbies to be careful of whatever investment they make, who knows it could be as a result of lessons learnt or otherwise, but whatever it is, the information passed is correct. The thing is, price predictions has never worked in this space, thus should be totally ignored. Hyped projects from so called experts or whatever only makes those experts richer leaving most investors with little or no gain and in most cases big losses. As for margin trading and so forth, without the correct knowledge, it will also end in big losses. Thus, it shows that in everything, knowledge should be looked for first and foremost.

I think we should stop following the trends of successful people because they seem to be starting to use the time for their own benefit. We study their experience and not follow what they do or offer.

Let's start believing in our decisions, if you can't make decisions for yourself someone else will make them for you, the truth is many are scared of making decisions themselves and they rely on others, this is not good, analysts are always wrong most times too but sometimes they are right

After all the shit he's done a few years ago, I wouldn't trust him with any kind of "promising project". Years ago when he manipulated the markets through P&D schemes, he only did it to his own advantage so I'd rather believe he's with GHOST for the same reason.

John McAfee is the most popular crypto man I've ever know, he hyped few projects and they turn bad but remember that John McAfee is not part of the team but an advisor, they failure of the projects is on the team not John

Congrats! i think you have sumed up the most important things to avoid while deciding about a project... it is difficult not to be amazed when you arrive, but people need to focus and think for themselves to learn as much as possible...
The plan will fail some times but if you avoid these 3 points you are increasing the odds
cheers

I dont know if you have read the issue about Mcafee project ghost has some plagiarized on some of his affiliated projects? Also the token esh that needed to hold for ghost tokens did go down hard now. Its like they just shifted to shill this ghost tokens of McAfee and knowing that maybe there is a share of those tokens on esh management. For hype project he is good on working out his own but let see until where ghost tokens would rise or dump in the future.

Every single people who are involved to cryptocurrency can give their prediction with regards to the project. This so-called analysts can predict too so we can do it too so why listen to them. In the end there is only 2 results either it will be a fail or a success.

I've seen many projects that have been hyped by most popular people on crypto world. I still remember a project that is on a token sale that time and if you will visit their website, you will see Roger Ver in the team and that leads to a huge hype and their token sale has been sold out for a few days only. After listing in the exchange, the token plummeted and didn't recover anymore. Its just hyped because of Ver and nothing more.

Going to these kind of trading is very stressful especially for those newbies who want to try it. I didn't tried futures and margin because I only tried normal trading but I can't trade for a long time already.

This topic is good for trading discussion, it's not only newbies it applies to all even old and veteran investors falls into this trap of listening to hype, if you are playing with fire you are likely to get burned, so like what they've said thousands of times before, only invest what you can afford to lose.

I like this advice and I agree with you.
Beginners should not use such "tools" when analyzing the market because there is no proper understanding of how a particular statement can affect it, they can not read "between the lines" and believe everything directly, turning into hamsters for a successful pump. I hope that new people in the crypto market are still much smarter than it sometimes seems and are not going to make super-frequent mistakes - because they have much more access to the necessary information than the same 10 years ago, but they do not want to use it considering themselves the smartest

The most important and the very lesson any newbie must learn is to have patient and not to be too enthusiastic about any opportunity without seeking for knowledge. You can read any news from what people say or read online but you must take charge when making decisions. It is unfortunate when you read news about individual losing money cheaply to some scammers that you can easily discover that what they are calling legit happen to be scam. From experience, I have never seen any trading strategy that I can boastfully tell you that I am 100% sure you will keep making profit. so when someone keep suggesting an investment for you and boasting that it is profitable, then you need to do your own research