Bitcoin Forum

It's good that beginners know the right path to follow when they just come into the cryptospace. Some newbies with zero knowledge of bitcoin thinks is a get rich quick scheme and they rush into trading which is the normal mentality of buy low and sell high which is easy said than done as a naive person in the market. When you rush into trading, you have rushed into throwing your funds into thin air because to be a professional trader take a very long time and lot of hard work. That doesn't guarantee that you wouldn't run at loss as a professional trader.

Another set of people are those who think that bitcoin is too expensive and decide to go for shitcoins looking for whatever new shitcoins that will be listed in exchange due to deceitful words that the coin will be the next bitcoin or do better than bitcoin in future. They will be happy stacking shitcoins and end up regretting in the long run when there portfolio depreciates overtime.

If you find yourself in these two categories as mentioned above, you are not going to end your crypto journey in a happy way if you don't buy bitcoin, grow your portfolio and hodli for the future because in the long run traders and shitcoiners will run at loss just like gamblers. Don't allow your decisions today affect your financial situation in future. If you love gambling go to the casino.

About trading, I will not discourage anyone from learning it but it is very important for the newbie to know that all the money he will use to trade would all be lost. I do not think there would be a newbie trader that will be so perfect to avoid the loss.

If he can use small amount of money that he can always afford to lose to trade, there is no anything bad in trading. Also it is good to know that most traders are losing.

About buying of altcoins, newbies may not know how they are and they can fall into the trap of coins that will be dumped or not increasing in price. Making researches about the coin to buy is very important. The first should be bitcoin and there is no research needed for that. Also good to use the amount of money that they can afford to lose.

This mindset is the major problem and would lead them to losses whatever they do. Anyone who thinks that this is a means to get rich quick will not dedicate so much time to learning or give investments enough time to grow. If they actually buy bitcoins, they will have the expectation that it should just keep growing and easily sell at a loss if the market goes down.
It will be the same with trading too, they will keep throwing cash at bad trades and easily get burnt out.

Getting the right mindset is the first step, then knowing what to look for and where to look for it to gain more knowledge will be the next, then they try to get a grasp of the basics.

- Jay -

It's hard for them to stay inactive while holding and investing require a long time before profit comes to their portfolio. In the meantime, they will lose their patience, then become no longer disciplined with holding and changing to be active traders. It's dangerous for newbies who lack of necessary experience in a volatile market that is sensitive to news, FUD and market manipulation. Newbies are also not experience with trading to know risk of market liquidations if they use leverages and futures trading types.

They possibly are also too confident with their trading positions and ignore one of best weapons in trading, Stop loss order.
[Trading Guide] One of the Best Weapons in Trading. (https://bitcointalk.org/index.php?topic=5173189.0)

It is wrong if they think that Bitcoin is a rich quick scheme no matter if you use trading or investment. You need to learn more about Bitcoin for trading and investment so you will be able to make a profit. But trading will be more difficult because you must learn about analysis and other things and that need process to master it.

If they want to trade, they must prepare many things related to trading and have patient to start because they should find the time to enter the market. Trading shitcoin will be more difficult because you must analyze one by one and find the right coin. That will need more time to analyze the coin before you can get the right.

Unfortunately, for many people, BTC andx ETH are out of reach financially, so they have to start at the very bottom, shitcoins and memecoins.
But when you think about it, its not all that bad, it gives them valueble lessons in crypto for only few dolars of investment

I we not discourage anyone from trading, but before you start trading take your time and learn trading very well, because trading is very risky you can loose all your money in an twinkle of an eye. As for newbies the best way to approach crypto is by buying bitcoin and hold for long term 5 to 10 years or longer using the DCA method and avoid holding shitcoins for they are no store of value with potential returns like bitcoin and even if you must trade as a newbie trade with only 10% of your discretionary income.

For anybody new to Bitcoin, trading shouldn't be among the first things on your mind. How can you trade what you don't fully understand? You have to first have an understanding of what bitcoin is before you can talk about learning how to trade. Take your time and study bitcoin. Know its history and its price history. Know why the price fluctuates and what makes it fluctuate. Every single aspect of Bitcoin should be understood so you know what you're dealing with. After all these, if you feel you will be good at trading, then you can proceed to learn trading.
I always say trading is a skill, and like every other skill, it needs to be understood. The same way you'd learn any other skill, that's how you should learn bitcoin trading.

That's certain. Some people hearing the price of bicoin tends to feel discouraged being questioned "how can they be usable to rise such amount of money to buy bitcoin"? I take this set of people to be illiterates in the crypto market and they seriously need basic education that let them know that investing in bitcoin doesn't mean you'll have to buy a whole of 1 bitcoin but the fractions of it when know to be Satoshi.
There're also some who may understand the crypto market some bits but are adamant to understand the potential value different between bitcoin and other coins. These set of people literally buys new listed coins heartedly and hope to be extremely successful on it that the coin will perform valuably like that of bitcoin. So when we say we regrets not buying bicoin when we were earlier introduced to it comparing to the up to date price, those skeptics beginners or I should call them ignorant investors tends to take caution of our regrettable experience of our late embracing of bitcoin and then rushes to invest on those coins without undergoing research of the coins. So then ends up wasting their money on shitcoins while some falls a total Scam.

Yes, it is never a good decision for newbies with zero knowledge to start their crypto journey with traading, or hodling memecoin aka shitcoin due to th high volatility of the market and the crypto trading been more than just buying low and selling (which is the logical believe of some newbies about crypto trading). Besides, is just an act of gambling where the house is always favored.
But, if the newbies have the required knowledge, there's nothing wrong with starting with trading Bitcoin since everyone of us are good in an area than each other, and the trading space may be the venue where they may thrive.

Well, I also often find people who are new to crypto and they immediately trade altcoins, or even some obscure shitcoins. I noticed that this happens because they are usually influenced by other people who have managed to make big profits, when in fact this is very rare, and not everyone can get the same thing, and in the end most of them give up. Therefore, I usually advise people like that to learn Bitcoin fundamentally, so I feel they will not get lost, because we all know that the future of Bitcoin is already real in front of our eyes, and it's just a matter of time. From all of that, I suggest for anyone to be an investor, and not a trader. However, whatever you do is your own right, so be wise every time you step.

I don't blame those newbies out there that are rushing out and trying to trade before knowing something about cryptocurrency because they might think that they know it all, and they can make money into trading already. There's a famous quote and it says "Experience is the best teacher", and it can be applied in trading because experience will teach you and let you realize that it isn't as easy as anybody thinks on it. :D It will take years, lots of adjustments, lots of attitude change, and lots of money as well before somebody becomes a professional traders.

I wonder who are these newbies that going into buying shitcoins first instead of buying other top altcoins aside from Bitcoin.  ??? ??? ??? Nevertheless, it's a bad way to start your investing journey. :D Maybe they saw somebody who made 100x on their investment and got attracted on it thinking that they can do it that's why they did it as well.

Starting on these 2 scenarios is inevitable, but learning from these mistakes makes you a better investor. There's nothing wrong if you started in a wrong because you're a newbie as long as you're learning from those mistakes, and you're making better decisions moving forward.

For those who really new into terms of crypto I guess one of the thing they do is to search where to find to invest and we know there's a lot of content creator right there in social media promoting different projects, promoting different coins and if you are quite blindly with this possibly those beginners will follow their steps by that could be a two outcome they got lose their money because of wrong decision or they make their first gains into crypto, could be different story and lesson learn from both sides. Sooner or later, they will realize who they need to follow or not and get more knowledge it. Reason why having a circle in crypto for me is a must so you can get together a knowledge, what and where to avoid.

They are influencers and master necessary skills and things to do for amplifying their works on social media and maximizing effects. They don't care about moral principles at all and at the end, if their channels get more followers, their sites get more traffic, their affiliate income increases, they will feel happily with their works not matter it is good or ugly ones.

I agree that it's matter of time for enough experience so that people will understand about influencers as well as their common traits. Then they will recognize that how regularly influencers make lies.

Bitcoin videos on Youtube (https://bitcointalk.org/index.php?topic=5352653.0)

Newbies can go into trading after they have acquired some level of knowledge. They don't need to be professionals to start engaging but they should trade with small amounts since they might make some mistakes. As they keep trading, more knowledge would be gained.

Anyone who thinks that Bitcoin is expensive is not informed.  You can buy Bitcoin based on your financial status. Those who buy cheap altcoins are just greedy since they assume that they can make a fortune within a short period. I don't advise newbies to buy altcoins; Bitcoin is easier to profit from. 

Becoming a professional trader is not possible in a month, it's a gradual process thing. And it depends on how consistent the trader could be, the more newbie continue trading the more they get experience in trading. However, you are right about your post, crypto beginners often think that Bitcoin is a get rich quick scheme that's why they start with trading through buy when low and selling when high. But it's actually obvious that it is not the good way to deal with Bitcoin because trading is difficult than investing and through long term investment you can make more profits.

I will not discourage anybody or newbie that want to trade , but if they want to trade they should trade with extreme carefulness. They should learn properly to avoid loses. They should not think that trading is a get rich quick scheme or a poverty alleviation program. A newbie that want to trade should trade with the amount he or she can afford to lose otherwise they will lose all too quickly.

I was a victim of this set of people who usually look for newly listed shitcoin on coingecho, I will buy them in bulk and and stack hoping it pump high or I will be expecting it to be like Bitcoin someday without knowing it's a trap, only for me to discover that they are honeypot that after sometimes it turns rugpull in my wallet.

They say experience is the best teacher. Well you have a point that shitcoin must be cautiously watched from newbies. Theres no way newbies can nailed a memecoin trading luckily or succesfully. But when it comes to luck there are some exception to that. Shitcoin is really risky and if youre a nebwie its really not an advisable groumd for you. If you want a less strict and risky one go for utility tokens or yet pick btc.

Most of the newbies that falls in the category the op just mentioned are purely motivated by greed they want a project were they will invest there money in the next one or two months or even weeks they are already in profit and since bitcoin isn't that shitty like those coins.so motivated by greed they will option for shitcoin instead of bitcoin.

Trading bitcoin instead investment is not really a wise choice for newbies since bitcoin is volatile in nature as a result of this and inorder not be exposed to the risk of losing one's funds long term investment should be prioritise by new over short term investment which main aim is to make quick profit .

There's absolutely nothing wrong if a newbie choose to trade crypto,beside everyone has their different preferences.Mr A preference is different from that of Mr B.Everything on earth has their unique risk,even investing isn't risk free,if you don't have the knowledge to protect your coins from scammers you might end up losing them.If you're a newbie and you have the desire to trade crypto,you can go for it,but don't expect to start making profits in few months,if that's the motive of any newbie in regards to trading,I would rather advise you to invest instead of gambling with your money.My advice to every newbie that just started their trading journey is to;learn harder, practice often with what you can afford to lose and never lose interest because of your mistakes rather learn from them till you become perfect.

I will not discourage a newbie from learning to trade, because trading and investing are completely different. Whether you are experienced or new to crypto, or you are knowledgeable about Bitcoin, you are a complete newbie in trading and you have to lose a lot of money to become a professional. I have probably not met a knowledgeable person who has not lost money while learning to trade. Even after becoming a professional trader, you have the possibility of losing but you can also earn. It is safe to say that trading is very risky and the possibility of losing is high. Therefore, it is important to have basic knowledge about the risks before entering a trade.

I will always be on the opposite side when it comes to shitcoin investment. Because being inexperienced, a newbie will always lose money if he is not lucky and there is a possibility of him getting tempted and becoming addicted like gambling which is enough to ruin his life.

I will say higher percent of newbies joint the crypto space now see it as a get rich quick scheme, most of them see it on social media that people are making money from crypto, and they will also decide to jump into it, they just want to make money, and they are not even ready to learn. Most of the people joining trading right now are always deceived by all this signal providers on the  social media claiming to be professional traders, and all what they are after is the money that they are going to collect from people joining their groups.

Some of them have little knowledge about trading, and they will claim they are professional traders, they just want to scam people, immediately you pay them for signals, you will be added to group, but at the end you will discover that you just wasted money, because you going to be losing most of the money which you trading with, and you going to be losing the money you paid them to join the group.

People who trade shitcoins or rather invest into it are just on about getting rich quick, yes bitcoin itself carries risk of losing but the volatility of bitcoin and transparency is what set it aside with the other Altcoins. Investing into bitcoin and holding as an asset for a very long term actually eliminates most of the risk that comes with it. Trading this bitcoin though for a very short term most especially derivatives/futures/perpetual trading are risky most especially without in-depth knowledge of how trading works.

As for shotcoins, trading them is even less risky compared to investing because having basic trading knowledge you can catch up some moves in bitcoin but you cannot simply invest into shitcoins for a long term to actually consider going for profit, it is risky as this coins mostly are just short term holds.

For me regardless of what you pick stick to bitcoin either as a trader and most especially as an investor, shitcoins are simply gamble

When you said it ain’t that bad, I thought you were going to look at it from the context of newbie cryptocurrency investors getting lucky and hit a break with one shitcoin as it’s called these days. You took a rather different stands that agrees with regrets and loses.

These are obviously what could be a valued lesson from investing in these coins. What’s there to realize is that, Bitcoin is still very much within reach, not a whole Bitcoin but, at least $20 worth of Bitcoin and then, you keep buying while hoping on a bullrun to double or triple it for you. Them shitcoins you would get over a million for $5 would cost you several $5 before you can’t a $10 profit.

He will be more advisable newbie should know more about crypto before he get into trading. because without getting enough knowledge about crypto and don't get the experience of investing or trading and he thinks he/she will easily succeed on trading, since is a easy place to get cool money when you are perfect on it. Anything that will bring profit don't easily come easy, you need to work hard before you can achieve the rewards. anyone have is on opinion that he preferred to work with. Anyway currently many people don't have the heart of patients they always want to get rich quick, and that can't be possible you need to work and face some challenges before you can probably get your goals. Trading is good but you need to be a riskier, before you can defeat trading and get profit. The main things is to have source of income before you start trading or investing.

Answering the title.

Unfortunately, people come to the cypto trading watching those shitcoin trading ads on social media. I still see some ads like someone is trading in front of their computer and a shitcoin faced meme comeup and encourage them to open bigger positions. I think a lot of people saw such ads on Facebook and Instagram. These shitcoin owners create those ads and run it on social media.

I believe people come to crypto trading seeing these ads. Most of the shitcoins lose it's value within a few weeks because once the developer see that people are buying the tokens, they start dumping their allocation on the market.

Well I don't see any problem in starting your journey with trading, you can start your crypto currencies journey from trading. It's all about knowing the part that will benefit you. Some started their journey from trading and today they are doing very well from it, that they now have enough to invest from the return from trading,  if you can analyze the crypto Market very well and start from there, I don't actually see anything wrong from there. It's just about being intentional and understanding what you are doing and doing it very well.

I will never involved myself in trading, it's one of the most risky activity I have told myself that I will not do, perhaps that's not the only best way to earn money in cryptocurrency. Based on my decision towards trading, I don't discourage newbies not to trade, it's possible that they can learn how to trade very well and get prosperity through it, if you advice them not to involve in it, you are telling them to avoid what can make them get to their dreams. With your experience, you can tell them that if they try trading and it is not working out, they should switch to holding just Bitcoin and not shitcoins.

Trading and holding shitcoins are indeed what is not to be ventured into as a beginner in the crypto space. They are also ways to make money from venturing into cryptocurrencies but as a starter, it is better you stick to holding bitcoin rather than diversifying into those two. The fact that those two can give you higher reward within a short time period does not mean that they’re less risky, mind you they’re the most risky thing you can ever do when you don’t want to hold bitcoin for the long time.

They both require you to have sufficient knowledge of them before putting money into them. With that approach, it’ll reduce a lot of potential risk in the cryptocurrency market that will catch up with you. To be a successful trader, you need to be very knowledgeable and grow your learning about it gradually. It is not a short time learning thing but has to be on a continuous basis to reach that peak of being called a profitable trader.

It's the perfect day or time to create such topic on the forum, because it's Bitcoin season and every other coins are shit coins, I get it.

But once upon a time, it was "no bull market will ever happen" , and once upon a time it was "Bitcoin will never go over 100k", now that it has happened it's time for altcoins to die.

Haven't we all learned something since 2018? That when something feels like it will never happen means it will eventually happen? I made most money in crypto from altcoins, I am not far from Bitcoin either but I choose to speak the truth.

How about we advice people to find what works for them instead? When altcoin time comes some people will get mad like always, 2017,2021 and maybe this time in 2025 again.

Newbies who really start from scratch into the crypto space do have very little experience. Their learning or their model of learning is sometimes different. Some find it easy to understand through practice, while others find it easy to respond with a theoretical learning model.
One thing that will impact their actions in my opinion is the level of ease with which they get caught up with words that shouldn't happen.

What they should do at the beginning is to choose the site or place where they learn. They can also choose content that is not trash talk.
Influencers whose brains are full of garbage should also not just create content because it will become audience food and eventually the crypto world is filled with people with garbage minds.

You should never trade. There are many types of crypto currencies in the market, among them, some crypto currencies may increase in value or not. When these coins are first launched in the market, their value increases to some extent, but after 2 to 3 days, their value decreases completely. You can lose all your money by investing in these coins. These coins have no future that their value can increase in the future. There is a new fraud going on in the market with these coins, for example, a few days before launching a new coin in the market, they will advertise it with celebrities and then they will advertise it with big trades so that everyone buys. When everyone buys, when the price increases, they will sell all the coins they have and everyone will lose. Many people are now cheating in this way in the crypto currency market.

Trading is also called a type of gambling. It takes a lot of time to learn trading. For example, it takes 2 to 4 years to learn. Many people also lose their money. But what many people do now is that they start trading after learning trading for 2 months and do not do it well and lose all their money. Trading is very risky, never trade and do not invest in crypto currency.

Always invest in Bitcoin for the long term. Because the Bitcoin network is very strong and Bitcoin is decentralized. For example, if you keep your money in the bank, then there is a bank in your middle that can steal all your money if they want. But Bitcoin is a decentralized digital currency. As time goes by, the demand for Bitcoin is increasing and the price of Bitcoin is increasing. Buy continuously by relying on your stable income and continue buying continuously until you have accumulated enough Bitcoin in your portfolio. Set a time limit, such as 8 to 10 years. Hold your holding until the time limit expires.

My advice to a newbie is to stay away from trading, because you gonna lose all your money along the line, trading requiring term of knowledge skills building and at such when you aim at quick profits from the cryptocurrency space, trading shouldn't be at the forefront of your pursuit, I rather suggest to buy bitcoin and hold and if you must do altcoins, it has to be after a careful understanding of the market.

Cryptocurrency is one of the highest risky financial venture and for that, you need to be extremely careful when you choosing your assets and avoid greed, as much as you can.

This set of newbies set themselves up the most; they usually don't understand the market and think that the best way to make a profit from the market is to make sure that they are part of the early investors who will buy when a coin is launched first before the price goes up, and when it goes up, they sell off.

Sometimes such an approach works, but in most cases it's a wrong strategy to even try because the majority of the new coins are pump and dump. The developers are always targeting the best time to rug pull; they can end up being who give scammers money.

I wouldn't be so strict to tell newbies not to start their journey trading or investing in shitcoins. In my case, when I started my own crypto journey several years ago, the first thing I did was trading altcoins. I didn't lose much but I didn't win either, and you could think that it was time lost for me, but it wasn't: I learnt a lot about crypto, it hooked me and, after some mistakes like most of us made, here I am :)

So I would advice not to risk too much in trading and shitcoins, but as an experiment or a little hobby it's not that bad IMO.

There was an article that I read that claimed that most day and beginner traders lose 97% of their starting capital in the first year of their operation.¹ Given the risks involved in trading, it is no surprise that the success chance of being profitable in this venture is low compared to other forms of investments.


I remember my girlfriend bought DOGE coins last pandemic before its price skyrocketed after Musk endorsed it. She was able to incur some profit but not anything significant to those who have liquidated their coins after Musk influenced its price.

The moral of the story here is that most memecoins have no basis at its price at all. The price movement on these coins are significantly low which makes it a riskier investment to begin with.

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1 https://medium.com/@interstellarfinance/why-97-of-day-traders-lose-money-how-you-can-be-in-the-3-who-succeed-66c7ecda34f2

Nowadays, most people that are coming into the crypto industry are there for quick money, and that is the reason why, once they come in, where they want to put their money is where people are saying they will make that quick money from. But what they don't know is that most selections carry very high risk, especially without proper knowledge.

In particular, when it comes to trading, a person without proper knowledge and skill if they try to trade they will just easily lose their funds. Despite this, many still go for alternative coins. As newbies, they shouldn't even think of investing in altcoins, as they have not yet gained the knowledge to research and determine whether a coin is worth investing in or not.So, the best coin they should focus on investing in is Bitcoin, because it is the only coin that carries less risk.

This days shitcoins are the most common way newbies find their way to bitcoin infact, I wouldn't even ask anyone not to trade shitcoin or to be bitcoin specific because experience teaches the best, if they lose some amount of money they will surely gain experience to stick with bitcoin no matter how small the amount they have to invest. bitcoin is best, but at some point bitcoin should be the next after some good amount of lost, if you loss you learn the hard way.

You are right that many new crypto investors chase quick money which mostly leads to big risks and losses if they do not know what they are doing.

It is common mistake to just follow others into projects that promise fast riches. For beginners it is smarter to stick to Bitcoin because it is less risky and more stable than most other cryptocurrencies which are very volatile and complex.

Starting with Bitcoin helps new investors learn how crypto works and how to keep their money safe without wild ups and downs of lesser known coins. So learning and doing homework and thinking long term are much better than trying to get rich fast in crypto.

Exactly because of the hype brought by those shitcoins many people got redirected to find better coin which is Bitcoin.

That's why I also Don't discourage people to learn from what they experience on Bitcoin since somehow this can help them to go grow more as investor. There's lots of things they can learn if they know lots of important things to consider and for sure that those shitcoins would bring some good lesson for them to became a more wise investor.

What they need to do is to upgrade their learnings and don't settle only on investing on Bitcoin since this is really bad decision to do.

The facts is that the Truth is always beater, warning newbies about trading or investing into shitcoins is like depriving them of their rights to make personal decision on themselves while you want them to bypass the problem they would have entered, but they end up falling into such trap. after becoming a victim of such circumstances before they will listen to you, by then all the money is gone. In this journey of cryptocurrency, it's very broad as life is, but people claim to know too much. I know the number of people who have fall victim of such thing even I was warned initially but refused until I lose alot of money and I pay the price due to my stubbornness.

That's where the problem lies. Many newbies have been deceived by this, and they haven't gotten the right info that Bitcoin wasn't created to be a get rich scheme, that you will invest and immediately start to see returns.

I believe if Bitcoin is address not to be a get rich scheme for newbies, this issue of finding newbies investing in it for quick gains will be minimized. Everybody will eyeing for long term profits, not short term.

It's very wrong to start your crypto journey with trading because you will spend almost two years and above to learn and understand better on trading. Along the process, you will run at loss because you will have to trade in the market to have experience about the market. Imagine all the money that you are losing on trading when you are learning, if you use that money to invest in bitcoin and hodli, your portfolio will keep on increasing overtime.

It's easy said than done about making profits in trading, even people that don't trade will say it is easy to make profits in trading and I wonder how they know when they don't have any knowledge on trading. Haven't you heard of James Wynn who lost $100M in high stake trading. A little mistake in trading will wipe out all your funds.

Trading isn’t the only one to make you profitable, buying and hodling will also give you an edge to make you profitable in the future. Just don’t rush in making profits, I think this is one of the reasons why these newbies jump into trading because they are seeking for fast profits which is a very wrong mindset.

Trading requires a valid experience and understanding on risk management. If you think these things are still new to you, don’t force yourself on immediate trading but take your time learning first the process. Eventually, you will be a good trader in time, just don’t rush trading with shitcoins because it will not make you profitable either, but losses and regrets are waiting ahead instead.

The trend has changed these days, and newbies now invest in meme coins for quick gains and get rich quick instead of doing it in Bitcoin. Have you ever wondered how all these meme coins become so popular and get so much hype? It's all because of newbies who always wanted to get into something that can make them good money, and we know that meme coins usually advertise themselves as life-changers because some of the meme coins managed to change people's live, and since then, they have become a trend.

So newbies start their journey with meme coins by investing almost the whole capital they have into one or more, and then start waiting for them to go to the moon so that they can go with them, but you know what? Most of the people who do this tend to lose money because they can't always expect a meme coin to perform.

It will still take a lot of time for the whole world to understand how these financial markets and the assets in them work.

The truth is that as a beginner, it is too risky to start the crypto journey with altcoins because these coins are unpredictable and very risky to trade or invest in. Altcoins are not coins to rely on, and most beginners, due to ignorance, invest more than they can afford in the hope of getting rich quickly from altcoins.

Trading is another thing beginners shouldn't rush into because of the risks involved. I expect beginners to understand trading very well; at least it will help them manage risk, and beginners are expected to understand the volatility of the market to trade with amounts they can afford.

Beginners will always get different advice from those who have been in the system before them. "Do this," "Don't do this" and sometimes the advice and recommendations can be confusing because everyone is speaking from their own experience.

Whether a newbie decides to trade altcoins or not is not the issue; the main point is for them to learn first. If possible, have a trading mentor that will guide them through their trading journey. For some of the advice they get, it would be good if they are able to make decisions for themselves instead of following everything they see or hear. As a result of that, they become disorganised and even begin to find it difficult to stick to a particular strategy.

Trading is not something anyone can hop into blindly. If you go in blindly, you might lose heavily.

I don't know why you have this myopia view in crypto in large and particular in bitcoin. Not everyone you see here that are newbie are newbies. Some of them are experts on trading. And in life career/skill acquisition everyone has their area of interest and if the newbie is interested to start crypto (bitcoin) with trading, you don't have to discourage the person. You can only tell the person the pros and cons. And you can't tell someone to invest if the person will only depends on the investment. But if the person is not a greedy trader, even at the start (newbie) he can get charges from the trading. And for your information, I don't know your trading knowledge and from the thread you have created you have a myopia view on trading, and trading is the activity to get money in a short term and with that definitely I strongly debunked your thread. I have seen a millionaire bitcoin traders. So what you are saying here is just to scare newbies and it is a tintinnabulation to me.

All what you want people to do is investment? What are your parameters of someone to start investing without having another payout (income) in his life. You are not contributing to knowledge here. Starting crypto journey with trading should is not a wrong decision but should be encouraged. Many Centralized Exchanges started with trading and not investment.

Can you tell me who influenced the crypto market? Is it the investors or traders? Where do you get your daily, weekly and monthly and yearly crypto (bitcoin) prices? What do you understand by the concept EXCHANGE? Is it from investors or traders? Who really does P2P, is it traders or investors? Please you can make some research before misleading people and scaring them. Investment is good but trading is also good. There is risk in trading likewise in investment. If you don't know, please know it people are making profit from trading and it is not a mere saying.

What I notice is that most newbies don’t have proper understanding about all this coins before they start trading, and they see all this coins as the same. They don’t know the risk involved in trading altcoins, when most of them are introduced to trading, maybe their mentors are always encouraging them to trade altcoins, and that’s where they are going to be making money from, and they don’t tell them how risky altcoins trading is.

When you see some altcoins crashing, you might be thinking the coin has dumped already, and the next thing is to bounce back, but don’t be surprise that it’s going to keep on dropping and will never bounce back, and your money will be gone. If you are a beginner, don’t just rush into trading, if you do that, then you going to be losing your money, always take your time to learn.

And if the newbies don't work on there self then they will continue to think that Bitcoin or other cryptocurrencies are hard and trading the entire crypto space, because there are two things involved when it comes to trading. Either you make a profit, or you lose. Whether you trade altcoin or bitcoin, it does not change the risk that trading comes with. And when you have a mentor, it makes things very easy for you, because in trading, you need to have guidelines that will help you avoid a lot of things. After all, there are principles that make everything much easier for you.


There are a lot of reasons that will discourage you from trading. The price is unstable, and all you need to do is when you know, then you will be able to study the chart, and that way you will be able to decide whether to short or to long. As a trader, it comes with a lot of responsibility. Not everyone is able to manage gambling, and you have to be ready to emotionally accept what it comes with.

Although I am not a professional trader. In my opinion, hoping only for profit in trading is nothing but foolishness. Because trading is like the stock market. But there is no time limit here. If we come to the matter of sheet coins, then it can be said that there is no hope for this coin because, if the market does not get hype, then this coin becomes worthless after a few months. However, if you have more money, then in my opinion, buying and keeping Bitcoin will give you good profit in the future. This is my opinion as a noob.

It’s never a requirement to always go trading with bitcoin and avoid altcoins or shitcoins. That is the trader’s own preference when trading, that’s why one should study first the coins and analyze the market well prior to trading, just to avoid future losses and regrets.

Just for clarity, trading with bitcoin still won’t guarantee secured profits, as much as trading with shitcoins is as good as you are trading for a loss. The trading outcome mostly rely on how much you are inclined with trading, not totally on those coins you chose to trade.

Well said, a newbie should not invest in bitcoin for desperation of making quick returns within a short time,don't even make it more complicated by going into trade when you're not well informed about how to do it, because many has ruined their investments asset for the same reason of inexperienced.

Lastly, this talks more about those who have been always interested in altcoins, not knowing that most of them are nothing than a bunch of shitcoins, I can remember how i do receive notifications on my phone concerning newly launched coins everyday, and this makes me wonder whether all of them are truly have utility focus on their projects or not.

Trading for newbies  isn't the right approach they should take in their bitcoin investment, because there are several factors that they may not understand not until they've made some investment for a period of time and experience some market trends, like a range movement for a period of time, or situations where the price starts dumping probably after they made their investment. And if they don't have a solid understand of how the market, they may end up selling their holdings in loss, instead of holding for long term to secure profit. The worse part is, some newbies give excuses like, they fear of price tracing back to zero, which is not worth imagining.

As a bitcoin investor, you should know how to sort out things well, whether they are considered big lies because they’re too good to be true, compared to what is the reality about bitcoin. So if you have been deceived by the thought that bitcoin can be a get-rich-quick scheme, that’s already your fault, not because bitcoin has been addressed by majority like that.

Newbies are prone to fall on such mistakes, and this is one of their mistakes that they should learn to make it right once they learned their lessons.

Yes, the clash between Donald Trump and Elon Musk has disturbed the stock market and economis sentiments for a short time but it had greatly affected the market. Trump emerged as politician and he got popularity after which he criticised the Musk's influence especially the AI, social media and electric vehicles which ignited the public and investors reaction. Stock markets changed and the value of Bitcoin decreased suddenly and public took advantage of it. Musk has different thoughts on Trump's policies and the bill he presented. Both of them should sort out this matter and Musk should explain why is he against the trump's Bill which he called disgusting abdomination. The market is getting stable now and things are reviving their original prices after few days of this matter.

Even non-newbies do like this and have mentally like this. And what's the result? Same thing. Well, few got the luck, got sold before the dump happens. Well, yeah, it's a get rich quick scheme for those lucky who got their self before the dump. Because of this, they will try again to another coin, then boom, get burned. I've read stories like this. Become rich overnight, due to greed, turns out to have debt after chasing losses.

We cannot stop these people from trading into shitcoins especially if that’s their first choice. Let them trade on them, and learn some lessons after. And for sure, once they lose and realize a good lesson, they will eventually chose to trade with bitcoin, at least they learn to manage their choices well.

Reality is, each coin you trade brings a certain level of risk. There’s always risk trading with bitcoin, but there’s always higher risk trading with altcoins or shitcoins. So let these newbies decide for it and learn from the consequences of their decisions.

Most commonly, newbies are followed by the hype of influencers.
Lacking basic knowledge, they jump in, hoping to gain profit easily, unaware that holding shitcoins long-term is very risky, especially if they are late to the trend.
This is a common problem for new investors, they lack fundamental and technical analysis in trading and prefer to rely on those influencers.

It's essentially gambling since you're trading without any proper knowledge, and this is common these days.

If you have time to remind and tell them, then do it before they get into trouble with their choices. But if after you give them advice but they still insist on their choice to trade shitcoin, then let them get their own experience.
At least if they ask, then answer with our knowledge so that those who are new do not get lost. Those who want to learn of course, have to gather a lot of information. If they just keep quiet and follow influencers, what happens is a loss.

I read a story of someone whom they refer to as a "one-time view millionaire" (like the WhatsApp feature where you are sent a file that you can only view once). The person in question was lucky to be part of an early investor who happened to run into some of this SOL project during the time when the hype was strong. He saw his capital run from $100+ (which he invested) to more than half a million dollars calculated by his local currency. He was a millionaire, looking for the possible way to swap the coin and not having enough SOL left in his wallet before they could raise the gas fee. Everything had been drained down, leaving the token with no liquidity and trading volume.

What we need to emphasize here is that in trading, there could be inevitable losses most particularly for beginners, regardless if you start trading with shitcoins or even with bitcoin. Success and profitability aren’t guaranteed with trading bitcoin, nor losses with shitcoins. It’s all on your knowledge and potentials that will be your keys in making your trades profitable.

However, if you have gained sufficient knowledge and good, working strategies for your trades, and you also chose to trade with less risky coin like bitcoin, there would be more expected positive outcome, unlike if you are just starting to learn the process and you chose shitcoins for your first trading experience, hence the more you will expose to possible mistakes and losses.

Even though you explain to newbies not to trade shitcoin in their early journey, they will find away to know what will happen if they ignore bitcoin and trade with shitcoin,  As a newbie, trading with bitcoin will make newbies to like bitcoin trading than others cryptocurrencies trading despite the expensive of bitcoin, but newbies don't have that knowledge to make good income from shitcoin which is why they need to use the little knowledge they have to hold bitcoin and trade in the nearest future to feel the difference.

Although some newbies do more listening than acting, not every newbie started by trading shitcoin, few newbies do the investment but the problem is that they don't have patience to hold further long term. However I think it's based on their misconceptions. If most of them have a better misconception I'm sure that they will do investment and hold it for long. I think the most terrible newbies are the ones that actually thinks that they know it all. But those type of newbies you just stay put, because when they lose they come back to you for more hints.

When I first started trading, I remember there was a common belief that you could make more and faster profits on altcoins. Back then, it was during the big alt seasons when altcoins really performed well. So at that time, it was partly true, if you managed to find a good new project, you had very good chances of making huge profits during a bull run. Now everything’s changing: all the investment focus is shifting to Bitcoin, while altcoins keep searching for new bottoms even though Bitcoin is setting new highs. So at this point, dealing with altcoins really doesn’t seem like the best idea.

If one can start trading with skills and knowledge, I think it can definitely be a good source of income. But in most cases there is a common misconception among beginners that investing in cryptocurrencies is a get-rich-quick scheme. Those who are encouraged to invest with such ideas are greedy and at some point they are the ones who suffer the most. These investors usually want to invest in platforms that are most profitable in a short time, and there are more chances of being cheated than others. Where even a skilled and experienced trader cannot guarantee profit, some ignorant traders make those mistakes. There are some investors who do not invest in Bitcoin or top coins but invest in meme coins in the hope of additional profit. After holding them for a long time, they realize that they have been cheated. There is no difference between trading in shit coins and gambling.

It is so sad to say that a lot of people never had the opportunity of knowing Bitcoin first shitcoins where what they first come in contact with maybe through families and friends of course that's what exactly everyone of them was doing and have to follow suits feeling is the best and only have to find out about the true potential of Bitcoin after they must have been burnt and that is what is called leaning the hard way, am always greatful for not belonging to this sets of people, I was lucky enough to know Bitcoin first through the help of friend where lastly found myself in this forum which has also opened my eye even more.

It is never too late to invest in bitcoin and the fact that many people keep making this mistake statement and having it at the back of their minds that bitcoin is expensive and cannot be bought again is very misleading information that should not be entertained anywhere it is said out. Few years after bitcoin was invented and reached some certain price, when told about the potentials of bitcoin and urging others to invest, they still say it is expensive and from that time till now, we have seen bitcoin made countless X’s in return on investment.

Shitcoins are always shit and will get you to lose your money to them if luck is not on your side. Newbies should desist from investing in shitcoins, they’ll easily get liquidated especially that they don’t know how those coins function in the market as highly speculative and deceiving coin that only favours the inventors of it mostly leaving other investors to big losses.

Trading is profitable if you have taken your time to learn and master what it takes to be profitable but the problem is that most newbies don't have the patience to endure and learn how to trade. They base their understandings on what what some influencers are hyping about how you can become rich through trading, in the end they will learn the hard way when they have lost all their funds. The safest cryptocurrency to start with for newbies is Bitcoin, it has proven it's reputation as a store of value, the longer you hold it the more profitable it becomes for you in bull runs. There are lots of scam projects in cryptocurrency so DYOR before buying so that you don't become a victim.

Trading is very profitable no doubt but before you become profitable as a trader, you might have wasted a lot of money and time because profitability is not automatic neither is it guaranteed. Why starting from the angle of probability when stacking Bitcoin and holding makes things easier and gives higher chances that you will not end up in regrets? This is why I support the post that starting with trading or shitcoin is not the best way.

Some people think that bitcoin is too expensive now that it has already crossed $100k.
But they should know that they need not necessarily hold a whole bitcoin and go ahead buying bitcoin in decimal.

Some go for altcoins but to be frank, altcoins these days do no yield profits as they did previously.
Bitcoin has been performing well since the institutions have got in and started accumulating more bitcoin.

99% of newbie traders most often trade shitcoins and you know why, when you see a new person in the next block that is stating trading, if you ask him why he is trading, he is going to tell you that he is trading because he saw opportunities in many coins and trying to utilized it to make money, only few have it in the mind to be a real traders and for that reason, they are likely to start trading rubbish coins that are of no value to anything to cryptocurrency.

It's very difficult to see newbies avoid it, the plot twist about shitcoins is that the smart traders or the one with the experience will do there thing and hype it and when they hit their trailing profit they exit their trade and leave them hanging, the ones that are smart will take their loss and move on while the ones that are not will be hanging around thinking there is more time for the market to move, they stay there and become bag holders forever and later quit trading completely, that's how many newbies behave with trading.

I wonder what is wrong in getting profit from trading shitcoins?  I think it is fine as long as people know what they are doing.  It would only turn into a disaster if they think that trading shitcoins is like trading Bitcoins.

Although it is really risky to trade such a token, if one finds a gem out of this rubbish shitcoin, he will possibly earn a huge profit.  Many altcoin lovers in this forum had somehow experienced such a thing where their stash multiplied by thousands of times, in their shitcoins trading experience, I am one of these people, and also one of those who ends up bag-holding worthless shitcoins. The only thing here is to know when to take a profit.  Just don't ever think of bagholding shitcoins for future profit they are mostly short-lived.

Despite the positive experience in trading shitcoins, I also suggest newbies not to start their trading journey with shitcoins.  It is far more complicated/risky than just trading Bitcoins.

Misconceptions which comes from miscommunication is actually one of the thing that put some newbies in that track some of them might actually be able to invest in few shitcoins and Altcoins and be ready to hold it for long, but the problem is they invest their money on the wrong thing which it’s not even worth to be hold for short period of time, some believe in fast growth project base on the hype they read about them instead of making proper research just as some of them will believe to know it all they will end up chasing scam project they believe can give them 1000 X which they will see quite the opposite.

Honestly I think this is something more people need to hear when they’re first starting out. So many become fooled by the excitement and join in thinking crypto is a shortcut to wealth. They chase pumps without comprehending the risks. Trading sounds straightforward until emotions take over and losses start stacking up and sure the fascination with cheap altcoins just because they appear like the next great thing often ends in disappointment. I’m not opposed taking little calculated risks but bitcoin should always remain the foundation and It has shown itself over time, Patience definitely is the key in this space.

If those you try to advise give you a listening ear, it will be easy to communicate with them, but if they are proven stubborn, I don't even waste a single bit of energy on such a set of people. As there is how you might want to advise them, instead of them seeing the good you are trying to give them, they will consider you to be someone who doesn't want their

When the mind of a person is already prepared to not be receptive of what is being offered, they would find reasons to never see meaning in what you are saying, the best you would do for yourself is let them be and maybe discover some things themselves. It would save you a great deal of time that you can invest some place else.

Even then, I think there is a chance they could learn something from those trading or shitcoins if they want to. Since it’s a lose associated investment, they might learn to be accustomed to loses and when they eventually find Bitcoin, they would realize how much time and resource they’ve wasted over the years.

With those situation we better choose those people we are trying to share those good information about crypto. Since if they are not really interested and we keep talking or discussing about this to them for sure that our efforts will just get wasted because those people is not listening to us.

If they want to learn on other way then better let them experience the worse since there are type of people that they want to try things then learn from bad or good experiences they encounter.

That's the reason I don't talk much about it since aside that I am protecting my privacy and safety. I don't want to waste my time to those guys who didn't listen to our advices provided to them.

It is true that newbies think that it is possible to get rich quickly from crypto, but those who choose Shitcoin to get rich quickly end up losing money instead of getting rich. Those who think that Bitcoin is expensive do not have the right idea about Bitcoin, because the price of Bitcoin will not remain stable, of course in the future the price of Bitcoin will exceed millions of dollars. So those who think that Bitcoin is expensive are wrong. And in the future no currency will be like Bitcoin, Bitcoin is the king of cryptocurrencies. Newbies should stay away from trading and should not invest in risky coins like Shitcoin, because Shitcoin is very risky. So newbies should invest in reliable coins like Bitcoin with a long-term plan. Now those who think Bitcoin is expensive can deposit Bitcoin using the DCA method.

Trading, which involves a lot of risk, can result in losing all your money and you can make a profit, but if you invest in Bitcoin, if you want to increase your knowledge, then it is definitely good to know about the history of Bitcoin because it will encourage you to invest in Bitcoin and make Bitcoin long-term, which will definitely not disappoint you, because those who invested in Bitcoin a long time ago have currently made huge profits, and many have invested and held Bitcoin for a long time to sell it at a higher price, Bitcoin also has risks, but you should refrain from panicking,

There will always be people who oppose what we do. We can't force everyone to follow our way. Of course, there are traders who are easy to share with and also accept other people's opinions. But still there are people who prefer their own way of trading.
If the person concerned is someone close, maybe I will still care how they respond to the advice I give. But if it's just an old acquaintance who doesn't interact much with me, then I will forget about the conversation.
If you advise anyone, actually, there is no energy wasted. Even though they underestimate and don't consider your advice, if the trading situation provides an experience that is in accordance with what we suggest, it will definitely give them awareness, even after experiencing bad trading.