Bitcoin Forum

What do you think about this financial advice from a self acclaimed crypto investment professional telling newbies not to consider investing in the top 100 cryptos of which bitcoin is included, if they want to make profit?

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IGNORE MATE, that's the best reply to him. He is just trying to promote some shit coins. He barley even knows what he is talking about. If he did, why then didn't he list some of these so called good crypto he spoke of ???

I see sense in what he has said. I'm a good advocate of bitcoin and other top 10 coins, and these coins are not meant to be invested and start hoping for profit in an instant or in a few months to come.
 
Some of the coins that will give someone a life-changing profit are not even listed among the top crypto exchanges; some volume and liquidity did not even qualify to be listed on Binance; they are just some shitcoins and new projects whose potential has not yet been discovered.
 
But the problem is, now that you know those right coins, the same way you can make the right choice and it can change your life today is also the same way you can make a wrong choice and everything you are going in with will vanish.

The risk is just 50/50 if it enters for you; you call it your lucky day, and if it doesn't, it's what it is. Investing in such coins is where they rate crypto investment as gambling because the outcome is not certain.

This is just another reason why we need follow instructions in that we get forum the experienced members of the forum. although those here in the forum could be lucky to learn but those newbies that are not in the forum are the people that really need help on how to follow up this kind of financial advise.

Rationalizing what this person said, it could be correct from his or her perspective but also wrong in another perspective. there is a proverb that says another man's food is another man's poison, so from this maybe the person most have succeeded with a little profit from some altcoin (shitcoin) in the last cycles that warrant such advise thinking that it will work this time.

From what he or she is saying it's more like gambling with one funds which ever profits you then it might end up covering your total losses. but this might end up ruining the lives of people who are not into crypto already because they might all in to an investment and if it's starts moving the opposite direction they will panic and at the end loss so much money. but what will be the need of gambling with ones funds when they could focus one coins that have proven themselves in the last cycle and avoid puting too much risk.

Another thing is the adviser may not even be part of the program he or she predicts but will only give advise for people to try their lucks. if they succeeds with this advise he/she will use the testimonies to make some acclamation trying to show him or her self approved.

For me I would have love to give in to such advise but why will I take such risk again. I guess it's not worth risking my funds at this point except I have enough to gambling with.

The risk is not 50/50, not even close. Out of a hundred cryptos out there, less than one would give you a profit, the other 99 would incur losses. Anyone advising you to invest in random, unlisted cryptos is a gambler with no strategy, this is cause you cannot determine which coin will have potential and last on the market.

Buying altcoins or investing in crypto seed sales is a risky business. IMO Newbies should not be doing any of this because they have no experience and cannot determine what project will succeed and those that won’t (even veteran investors cannot boast of predicting altcoins).

These crypto experts who dish out free advice to newbies always have a end game, something to profit from their recommendations. They could be working with the project and are only interested in shilling the coin to you. Bitcoin remains the safest crypto investment one can make. The simple strategy is to buy and hodl.

That's advise from an altcoin bag holder, not an investment professional.

It is not a financial advice, a financial advice actually relates the risky level of a business to the reward and and when the risk is higher they warn against it. Putting money into shitcoins is never investing, because investments doesn’t carry the same risk as gambling and shitcoins are pure gamble. It would have been better if the he even suggests the other top 100 coins because at least some of them with good devs could yield profits too, although I regard all money put info Altcoins as pure gamble regardless of which position there are.


This is not a problem because you can never know which of this shit coins will actually stay for a longer time or rug pull in a short period of time, the most certain thing is that they all get rugged pull either after few months of launch or after their first bull run. If you want to gamble in all this things you just split the amount you want to gamble into all of them and wait for the time to see the results just like sport gambling

These "crypto investment professionals" are making money by telling newbies to invest in scams. That's how they become rich - not by investing themselves but by scamming others. You should forget about getting good advice in crypto, you need to use your own skills and rely only on yourself.

Common and wake up, this is not about the Binance exchange we are talking about yet, it's all on how you could use your money wisely for a profitable investment, if you're trading cryptocurrency, then the risk lies not on the kind of exchange you're using, but the currency you're dealing with and how vast your knowl is about understanding this and what is at stake, most people get into something they don't even know about or have an idea of, who should be responsible then.

There is absolutely no sense in what that so called "cryto investment professional" said. Chances that a total crypto newb will invest in a right low cap altcoin that will make him a fortune are similar to winning a lottery. Instead, those that are new should start slowly with bitcoin and maybe later expand their portfolio once they get themselves more familiar with the market.


Focusing on life changing shitcoins is a fools errand.
 

The key takeaway from that screenshot is that the "crypto investment professional" is advising new usersto dive in instantly into shitcoins trading. This are the kind of people that portray as a get rich scheme which ultimately results in a loss. If this is how newbies will be onboarded to crypto in the future (onboarding => degenerate).

The reality is that only 1 out of 100 shitcoins launched everyday ever make it to a profitable state and the professional is edging people into it from the get-go. Such a pity.

I will say this person is not really a crypto investment professional, or I might just address him as a scammer or someone that is trying to mislead people, most especially newbies, that have no knowledge about crypto currencies yet, because if truly he is a crypto investment professional, he will not terminate the most trusted and reliable cryptocurrencies and end up promoting sheet coins for his selfishness. Because that is what his post describes: he just doesn't want the newbie to make it in the crypto space.

That is why I always encourage the newbies not to believe anything they come across on the social platform; if not, they will end up misleading them, and they will think that the crypto space is just a forum for scammers due to the people they end up trusting on social platforms. But when they ever see information that is really worth believing, they should do adequate research on it before they will believe in it. If they engage in such habits, it will be so hard for them to fall victim to such selfish people who call themselves crypto investment professionals.

He’s just trying to scam us with his own shitcoins. Once you fall on his trap, it’s like you are letting yourself getting robbed of the chances to be profitable with bitcoin, since we all know that we can’t trust other crypto coins in the market except for bitcoin which is the most legit and reliable out of them all.

This self-acclaimed financial adviser just proves that there’s no one to trust in the crypto market but only ourselves. So it’s better to get rid of him and his likes as he’s not obviously helping us but putting our funds in wreck.

$10,000 is not a small amount of money in my country and it is rare that a newbie would want to risk half of that in crypto. On a average scale, a reasonable amount would be $100-$1000. I think this is going to lead to a scam, this person is clearly targeting those with small capital and are eager to make ten times their investment. In short, this so called investment professional is indirectly proposing a get-rich-quick scheme.

He sounds like he knows some kind of secret that most of the people in crypto don't know about, newbies after reading this must be excited to hear more from this person and when they will contact him, he will definitely going to ask for money for VIP signals, etc. He is not 100% wrong here by making such a statement because there are many other low-cap and good potential tokens in the market that can make you a good profit. But, (this is a big but) only then you can make a profit from such tokens when you have a good knowledge to identify them.

For example taking part in pre-sales, IDO, ICOs, etc. getting tokens at a lower price and at the time of listing selling them at a higher price and then exiting the market with profit, and then using that money again in some kind of pre-sale. I know it is hard to digest but if you will take more risk by not investing in BTC for the long term, instead you will invest in such tokens for the short term, you can make a good profit.

I consider BTC investment a safe haven because it is safe in the long run, and you will get some profit on it, but is waiting long worth it to get 2x or 3x in BTC? That's a question one should ask to him/her self. BTW, I still consider BTC.

Don't believe on what he’s saying, he is just making a noise to disrupt us from investing in bitcoin. It might be for personal reason trying to satisfy himself with quick money, but newbies should never listen to him but instead go take a good research. You will just prove to yourself that being rightly informed with help you avoid people like him and will help to avoid future scams as well. If you hear other persons talking like this, then DYOR immediately so you won’t fall on another scammer’s trap.

And that's why it is the logic of many investors nowadays. They think that the top crypto are no longer viable and they've missed the train already. Well, that's their way of thinking on how to invest in the market but they shouldn't misdirect their followers with their own thinking. And always add some disclaimer that it is their way of investing. It is generalization from their perspective which passed on the readers and thinking that she's the only right crypto influencer and investor. LOL.

What I think is that you should invest at your own risk and invest only money that you can afford to lose. Every other thing is secondary. While the person may not be incorrect, holding your Bitcoin is better than playing Russian roulette with it. Well it may work for other people if you will not show about how to go about it hold.

Never follow this type of self-acclaimed financial advisers as they don’t know what they’re talking about. Be responsible of your own funds and know where to invest it so that you will never regret your decision why you have to invest in the first place. And considering the fact that bitcoin is not on his list to invest, then this is very clear that he is just trying to take advantage of our funds.

Investing in bitcoin is probably the safest option to make in the crypto market. If you trust altcoins and shitcoins more than bitcoin just because you set to follow this type of adviser, then good luck to you. You will not lose eventually but your funds will never be secured also that you won’t lose them all in the end.

Nothing more than a proponent for the shitcoins. Either unfollow or highlight the risks of altcoins to those who might be following him in an @tweet or in comments of other similar tweets.

There is an element of truth that there are high potential projects outside of the top 100 however it definitely should not be said that there is "no business" in the top 100. These are the projects that have proven their worth at the end of the day and being in the top 100 shows that they have created some form of value, in most cases.

This is an irresponsible tweet and I sincerely hope that no one is genuinely taking this persons comment on board.

It is actually funny that she will be giving that type of advice, I won't be surprised if on the next slide she's shilling a project she's the owner, partner or have already bought some bags and looking for exit liquidity. When I see advice like this what always comes to my mind is that the adviser is selfish and only wants to make money for himself. If she was wise she would have put all that money into Bitcoin and hodl. Give it 10 years or more and she will be happy she bought Bitcoin.

The altcoin she's refering to mightn't make it out of the bottom that they're located. Does she know how many cryptocurrency that we have and how many are dying daily. New ones are also being created so what is she actually advising her followers, they should start chasing after newly created altcoins that are more of a risk then the already established ones. She's using $10,000 as the max so let say someone has that to invest. Why will you risk all that to scammers disguise as project founders instead of investing that amount into Bitcoin and be guaranteed you can double or more your money when Bitcoin gets a new ATH.

Newbie beware that most so called crypto advisor don't have your best interests at mind, they're only after what they can benefits from your ignorance. Anybody that tells you that altcoins are more of a better investment than Bitcoin doesn't want your success in the industry.

I do not support his approach because that pattern always lead to loss. How can one not invest in the most established cryptocurrencies and go for those still struggling? This is not investment advise as far as I'm concerned because we know where it will lead it. If not of greed, why will someone now be comfortable with the profits that Bitcoin is offering already, not forgetting the peace of mind and safety that holding Bitcoin gives as well. From last year till now, Bitcoin have given 100% profit, how many businesses can beat that?

As for me, I'm fine with investing in Bitcoin, the advantages are just so many. With the halving around the corner, it is expected that a new all time high will be made and that will be expected to give another 100% profit to anyone buying at the current price. If anyone is not satisfied with this, maybe they can go for ICO and live to tell the story.

There are so many self proclaimed crypto investment professional online so expect them to always say positive on some programs or altcoins they are promoting since they are paid to do that or they are part of the team and just simply hide their relation or identity to that project.

I know you can determine that he is just doing those shady business around so its good if that type of people will be ignored since we can actually do a research for ourselves and we don't need those guys to help us to gain. We are the one who can find those good solutions to earn that's the reason why we need to do a lot of research to get a knowledge and have good understanding if not everything a lot about cryptocurrencies.

He is actually saying the truth if you want to maximize your gains but at the same thing, this fella is using this words to his own advantage, I bet he has a shitcoin he planned to introduce to you.

Here is a fact that I know in crypto space, especially about altcoins, the best projects that did very well was never shilled by one, in the bear market going into a bull market, no one will talk about the best ones, they will just do so great out of nowhere, like in 2020 no one was talking about PYR, it was pretty much under the radar.

If anyone wants the best projects with big MC already they should go for those who raised funds using Binance exchange and Seedify, 20x to 100x is always common from projects that use these two platforms to raise fund, do your own research.

 I find it amusing that she'd give such an advice that seems half baked, especially as she's a professional. From the message, and I quote " but the crypto that can make you good money are not on Binance yet" so I ask, what then should we do with these fund while we "wait" for them to get listed on Binance?
The funny thing is, most of the 'financial experts' have some of these major crypto currencies in their portfolios but would rather crusade for these shitcoins to the public so they can deceive the average newbies. I won't adhere to this advice even if it were the last one available.
 Another thing about such profiles is this person may not be a woman, rather a man using this to easily get 'her' target audience and these are the kinds of people who will encourage you to invest in their coins and blah...bruh, I'd best ignore this one.

Yes, we're not in 2017 anymore, and those who have lived the ICO boom know that only a few alts are successful in the long run. Some others can multiply your investment for a short period of time, but knowing where to sell is really difficult. So yes, big potential, great risk, investing in altcoins below 100 is like gambling.

It's not that BTC, ETH... are free of risk, but neglecting their value as investment seems to seek attention more than inform.

Well said. Everything is risky. Bitcoin and Ethereum are probably closest to low risk[/i] but even then, anything can happen in Crypto, and they probably could not be seen as low risk just yet. There's still maturity that needs to come before they could be seen as low risk.

As for altcoin investing being 100% gambling - that's exactly right, because anything can happen. A great idea today could be impossible tomorrow. A good technology today could be superseded (or could get hacked!) tomorrow. Anything outside of Bitcoin and Ethereum should always be considered a high risk.

Indeed very funny as even a blind man can tell he isn't serious at all and maybe just seeking for attention to why he said such and possibly refer interested ones to the cryptos he actually thought can be more profitable than the top 100 of which no one can fall to such trap even someone that doesn't have anything to do with his money would rather prefer to give it out to charity rather than listening to this  fabricated lies.

Never heard of her name, so I wouldn't take her advice too seriously. But I didn't see any words that indicate her advice is specifically for newbie, I know she said that the advice is for people who has less than $10,000 capital, but small capital doesn't always mean newbie, there are also people who alread learns a lot about crypto market and still has less than $10,000, for those type of people this could be applicable, they can do deep analysis onto a new crypto project that hasn'e been listed in major crypto exchange, it is definitely very risky but high risk high return right?

But I do agree that for newbie the advice is definitely quite dangerous, investing in new project is never good for newbie who just know about crypto, and hasn't yet understand how the crypto market works.

It may actually work for the minority people but we shouldn't take risk on what is not sure, when we are gambling, risk should be taken as according to how we could afford handling the limit to what risk we are taking, it is also better to have your bitcoin with you than looking for a means that have no assurance than loosing the money you have all because you wanted to try your way out, if you think you want to play safe and can't afford loosing your money, then hold your bitcoin with you as an asset and don't gamble with it, even when others are, look away.

This is a strategy to lure you into thinking that he has something better to offer, if he is sure of the assets he has in mind he should be able to share them on here, there is no safer alt out there than Bitcoin itself.

If the risk on Bitcoin investment is around 50% risky, the alts have 90% risks on them, that's why I use only small amount of my entire money on alts, Bitcoin brings more confidence in my investment plan than others, even if all I can get is around 5x compare to alt that can do 100x I am satisfied.

Moreover, people don't share anything very useful to others without taking something back, only a fool will listen to this person, he will end up taking advantage of anyone, do not even listen to them, press the BLOCK button before it's too late.

His statement cannot be disregarded yet just because bitcoin is inclusive and amongst the top rated coins advised to invest in. He might be saying what he knows about this from the perspective and approach of those that are coming into the crypto space for a different purpose. I feel he only made that statement for the newbies that their main aim of joining the crypto space is to make quick 100x of their investment which they cannot get from those coins but can only be gotten from some shit coins that have no future in the crypto space.

Investing in shitcoins is just for the hype and it is very risky to do as an investor in bitcoin. As a professional that he is who might have made some good gains in the crypto space, I am sure a lot of people will follow his advise and want to invest in coins that he tells them. He can also use his influence to advertise some other coins for his own benefit. Whatever happens, doing your own research about a project before investing in it is the safest for you to do when suggested a project to invest in. Bitcoin remains the best if you don’t wanna risk your investment.

Even a cryptocurrency expert can be wrong in his speculations or advice. There is nothing certain when it comes to crypto. However, I have seen little coins giving investors massive profits more than the top coins. But it doesn't mean they are the real deal. Because those persons playing around with these shitcoins are being careful since they know they have zero trust to hold them for long. They just played around it for days and luckily got the profits they wanted.

Ignore this kind of concept. You know your investment well and you know exactly what coin will bring you huge profits so focus on it and don’t mind people like him. Bitcoin is the most profitable investment in the crypto market and the most secured one, so if you want to take the risk, just stick to bitcoin. At the end of the day, if ever you get wrong with your decision making, at least you learn and there’s always another chance to invest again.

I assume this is just a strategy to make people especially the desperate and people that doesn't have much money or people that feels that some of the cryptocurrency that was listed are not affordable anymore hence they can be very inquisitive to know the cryptocurrency to invest in with little amount and gain more huge profits and and some newbies now would want to reach him to know the crypto that's preferable for them to invest in since he said the top 100 cryptocurrency can't make them rich but I don't think anyone who have been in the crypto space for quite some time now would agree to such fallacy as their are cryptos one can invest in and make huge profits but for now Bitcoin seems to be the best regardless of having to exercise a lot of patience for a long period of time before one can start getting huge profits from his investments on Bitcoin.

Note that those real professional advisers still gone wrong with their assumptions so how much more with these self-acclaimed crypto investment professionals. They are likely trying to confuse us or lost focus on bitcoin. Most probably, they are not actually reliable financial advisers and people don’t care to listen on their price predictions, so if you fall on its trap, they know exactly where you are heading to.

Honestly, we don’t need financial advisers if we are capable on our investments. That is why we need to get the right information at all times so we can’t be tempted and mislead with these self-acclaimed profession advisers that have not proven their legitimacy in the first place.

The screenshot makes sense.  Those who profit much are people who are investing in projects (assuming it is a legit one) that have not launched yet.  Those angel investors and pre-crowdfunding investors got their cryptocurrency in much cheaper amounts, they even got bonuses for being early investors, thus getting more cryptocurrency than the normal investors get.  But of course, the risk involved in this kind of investment is much greater than those who are already listed on the market.

Those who are already on the top 100 cryptos have already pumped hard so if there is something to make out of these cryptocurrencies is too little compared to a market that is yet pumped hard.

The problem is how many of the new shitcoins are going to pumped hard, especially compared to the ones that are going to lose value and go to 0 fast. I hope that woman, assuming she is a woman, gets thrown in jail soon for scamming. For that she better recommend people to play the lottery directly. She is telling people that a good way to earn money is to play the lottery, but in this case buying shitcoins.

Most persons aren't all that patient, some of these see investor see investment as something that they can actually place a time limit on and that's why they don't or they choose to ignore an investment in Bitcoin. I can remember when I gave some colleagues of mine advice about how patient and stress-free an investment in Bitcoin can be, the funny thing is that they ignore the whole part about the investment being lucrative and stick with the part that requires them waiting and term it as a can't do and search for other alternatives that can give them the profit in a quicker but more risky way.

The advice is thrash, most of all this people or self acclaimed crypto investment professionals can kill the dreams of those trying to invest in bitcoin because they want to find source to promote other shit coin which is not worth paying attention. That why if you want to invest in crypto seek proper guidance and be informed with the right information. This forum has been a source of help especially to those who invest in bitcoin.

In most cases some of these self-professed crypto gurus no nothing about the crypto space. Such kind of advice has some hidden agenda. The next phase is to introduce his followers to a worthless shitcoin that he is involved in and scam them of their Investment. Only uninformed newbies will consider taking such a bit of advice because the majority of the coins that are below the 100 mark are all scam projects that collapse within a short period. This is the reason why I don't follow this so-called expert on any social media platform because I know that most of them are out there to make a profit and not to assist as they cliam to be doing.

This is certainly absurd. You are like putting your own funds into high chances of losing if you disregard bitcoin investment because you tend to follow his advice. Well, we can’t also blame him if that is his personal outlook but if you are getting the right information in the crypto market, you would certainly prioritize bitcoin over altcoins and shitcoins in the market. This is not riding the hype of bitcoin, but we all know bitcoin is the only secured and reliable investment in the crypto market, so if you are smart and wise enough, you will give bitcoin investment the highest allocation of your funds.

he's wrong to think that small caps are better. You've more chances to make bigger multiplier but you've also more chances to lose your money, so on the overall you've not more chances to make profit. It's like betting on one number at the Roulette instead of a color, you're not likely to make more profit because the RTP/EV remain the same.

Well dont buy when they keep shilling it probably they have a huge bag and keep selling it by agressive marketing and once they reached their target price they would in unload their stock and dump the price. Most influencers are likely to shill their bags and when everybody buying already thats where they sold their shares.