Bitcoin Forum

in this modern era which is growing rapidly day by day, many things have been created and developed, from mobile phones, internet, vehicles, medical devices and even in terms of finance/means of payment.
an example of one of them is the creation of bitcoin and crypto, which has become a very extraordinary phenomenon in the last ten years.
now many people are flocking to invest in bitcoin and crypto, from the many investors who have sprung up, many motives have sprung up too,

Of course, no one knows what motivates someone to jump in and participate in investing in crypto, everyone has a reason, and everyone has the original intention in their heart.
but there are some people who do research on the intentions of novice investors in investing in crypto


is it really like that in reality? is it normally like that? and I'd really like your opinion.

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these are just questions that I want to know and want to understand, and want to collect various opinions from different people, about their views.

Is it really that hard to believe knowing how much attention crappy and useless cryptocurrency projects are getting? Like 99.9% of projects in this industry shouldn't even exist, yet newbies "invest" in them in the hopes of getting rich quick.

That is just it, I am not happy when I heard a friend that told me about how he was scammed because he invested in a project, my brother and I also were together not long ago after many years of not being together for some short time, he told me about how many projects he invested and fot scammed, I wish he had told me than him getting scammed more than ones, he did not even want to believe what I am saying about bitcoin and crypto now because of his past losses. Another are some people that will start trading without any knowledge than to use it to gamble and lose greatly from the start. Humans like to try to get rich quick, which are ways to lose fast.

Unfortunately there is no kind of tracking through what crypto they enter, so there are no certain parameters that fully justify this opinion. As you said, the goals of beginners cannot be generalized, in fact they don't just come from poor economic backgrounds, low academic education, or lack of experience in finance. Even though it is true that lately misleading influence of influencers has been rife and has created several opinions that conclude that all beginners are actually victims.

It all depends on which channels and which social networks beginners use to receive information about cryptocurrencies. Quite a lot of news background, which acts on greed, is completely unsupported by logic. Someone is offering a quick paycheck that doesn't take "until tomorrow," hence the thousands of scam complaints. Beginners who follow trends are not always oriented correctly, and instead of checking and understanding how risky their actions can be, they very often take the wrong steps.
However, it has always been Haste is a bad adviser.

The hearts and intentions of people flocking to invest in Bitcoin and cryptocurrency are due to profit motivation and also a good future for Bitcoin and the development of cryptocurrency through visible historical evidence. Even though it is always difficult for everyone to know the good or bad of the future in all things, so that is the main foundation of investors and people who set their intention to enter the crypto space to make investments and love Bitcoin as an already very popular asset

It is like that OP, many newbies invest in new crypto projects to make quick money out of them and even developers of today build new projects to get them rich too, many claimed they are here for the technology and I say that's a big lie, imagine if Bitcoin is a stable digital currency, it could be accepted as a means of payment but there won't be many adopters because it creates zero value, the volatility of Bitcoin is making the most sense, you get it? It is and will always be about the money.

Do you believe that every crypto trader has a firm belief in a decentralized digital currency? Clearly, 99 percent of investors want to make money. Blockchain, smart contracts, and decentralized money are valued by some, and they are supported by others. However, many people are also investing just to benefit from the rising value of cryptocurrencies, particularly bitcoin. Therefore, there is a mix of believers and those who are only interested in making money in this crypto currency market. This includes novices, who are also a mix of educated and less educated about the movements of the market.

By the word most, I believe many users here especially the newbie become attracted on crypto investment due to its quick profit feature from the volatility. Also the majority of crypto advertisements came from influencers that usually hype and shill a certain token to gain viewers. Most of the newbie came from this advertisement and only few came naturally through the curiosity on the crypto technology.

So I would say that the statement is right base on the actual event on crypto space.

In my opinion, beginners or not definitely have reasons to invest in crypto, and the reason is, because they want to make a profit,

whose name is business, surely everyone also wants profit.

I don't fully believe in just using blockchain technology, they come as beginners, of course, they just want to get rich quick and get profits in everything they do, including trading and investing in general.

I say this is not entirely but on average they come with the same goal, namely profit, from this point of view it is usually influencers who become them here because they always show off high profits so that the curious level of beginners is selling more and finally they come to crypto for trying to be like influencers, but many who come here they also have the same goal seriously including the financial revolution and also with blockchain technology who want to know the understanding.

Not obly beginners but everyone I think who invest in crypto are wanted to gain profits and eventually go to status of being rich. Lets not sugarcoat that cause who arent wanna get rich right? Everyone might deny they just want to be engage on crypto but without that goal is probably a lie.

Its not easy to get there but being involved in crypto might they think they could. But the problem here is their mentality that its look so easy.

It cannot be denied that there are many beginners who enter during the market hype and they enter with the hope of getting big profits in a short time. But most such beginners are those who entered in a hurry and have not properly studied what they are about to enter (crypto). But fortunately I am not into crypto for such reasons. But before that, I also had quite a long experience in property investment. and I see how the development of crypto and bitcoin for the next generation. so I decided to invest in it. but because this is a high-risk investment. then the money used must also be money that we really set aside and we really won't use it in the long term or even we are prepared if we have to lose it.

everyone's reasons will indeed be very diverse. But believe me, those who enter just because of the hype, it will be difficult for them to survive in this industry.

There is no such thing as quick way to being rich in crypto currency, we maybe see other people getting rich for example a few months after getting into crypto, the bad things about people who are quick to judge others is being we don't see their hustles at the back, we only see what is in front, but maybe they attain where they are because they are not sleeping at night, while others are sleeping they are still awake and searching, then after few months they hit the jackpot, we also cannot judge a person to be a new comers maybe he already have an idea and just testing if they are making the right moves.

Because beginners only heard about ^{[profit or wanted to quick rich]} --they never know how technically going on and because of the hype they invested even though there is no real utility in such a project.
As long as all new beginners will not do proper research this will not end and there are always new projects that keep raising because they know there are potential new investors to be fooled. I read this before in the article, a scammed project will reckon with another brand-new name with the same intention.

No doubt with many newcomer in cryptocurrency want to invest in Bitcoin or altcoin because want to be richest person quickly without think about risk possibility are waiting for. I don't know how to change newcomer in cryptocurrency with their mindset about Bitcoin and altcoin is not place investing become richest person in short time.

Stop show how much profit earn from cryptocurrency as investment maybe can help with newcomer investing in cryptocurrency, they will not see many people show their profit from crypto and will change about mindset Bitcoin or Altcoin investment is not place become rich in short time.

Because that's the easiest way for people to invite them to look at Cryptocurrency, just check the altcoin discussion and see people are always asking what coins to invest in or will likely make them rich, these are newbies but they will eventually do their research and understand the concept behind Cryptocurrency because you cannot be at all times stay as ignorant investors.
The easiest way to lose money is to not know how Cryptocurrency works and what's the utility behind it.

No one will never wabt to get a quick means to making success in life, but what we all sees is the fame they have acquired through but not interested on the breaking ground they have trod through before making it in life, not until you find the exact secret behind everyone making money in crypto you will rather end up beating around the bush without having a result to show forth when you set in, everything has procedures, requirements and responsibilities it takes from those that are making it, yours always begins with your learning of what bitcoin or cryptocurrency is.

i'm not sure if the answer i'm about to give, will satisfy you but everyone has a reason to get involved in crypto, classic reasons like crypto is the best way to get rich quickly, crypto is technological progress, crypto is an opportunity and others can be understood and there is nothing wrong with it.  i myself was interested in crypto in the beginning because i wanted to try to find additional income, as time went by, the understanding shifted a bit and now i want to get involved in crypto because that is the form of support i can provide for the adoption of cryptocurrency in the future. 

Risks to investment FLUCTUATIVE in the crypto space do they study it?

There is no financial advice that just flows, there is a working concept that must be designed and there is also capital that must be sacrificed. If you have ever heard of someone getting richer by gambling, you will never find that in crypto investment, especially if you don't have the capital to buy some coins that are considered potential. For example, bitcoin is the best choice to invest, but if you don't have the capital, the concept of getting profit to get richer is just a dream.

Of course it is true that bitcoin is the best investment at the moment, but you also cannot ignore the risk, especially if you have small capital to start slowly and indeed there are quite a variety of reasons for people to get into the investment world, but most of them only expect wealth that is not in line with process to go through.

And hopefully you're not one of them, as that will add to the disappointment of the newcomer list. If you came here just to get rich, then you have to learn to trade and that doesn't guarantee wealth either. If you understand the concept of being rich, then the first step you must have is MONEY, without which you will not be able to do anything to add to your wealth list.

Any body that decide to invest in cryptocurrency apart from Bitcoin, such person is doing that at his own risk and anything that happens to them would serve as a lesson. So many crypto CEOs that created there own project are doing that make money. So many persons are creating there own coins because they know that newbies investors would always want to buy them in the name of making investment.
 Investing in the wrong path or direction is a sign of poor research and inability to ask questions before going fully to invest. We don't have to be easily decided by these money mongers creating tokens everywhere.

How easily people fall into cheap traps in order to become wealthy quickly. People who have made it today had to go through some sort of transition phase before making it big in life, so how can one believe and be deceived easily to become rich overnight? As long as there are illiterates who are unwilling to do research before investing, there will be more people falling for this scam in the coming years. This kills the cryptocurrency market and tarnishes it. How I wish all this could be controlled.

Well, it's really quite unfortunate that alit of people this invest in bitcoin only for them to get paid and be rich as well without broad in it properly.
Remember the first time I did invested in one of the cyptos and it was call Drive go and was using synthetic index and so my aim of invest was to get profit as fast as it could but aftering because I fell to understand the risky and how it is been done and I lost everything there but when I got on learn on it I got it okay with it.
A newbie for investing should go and learn to understand how bitcoin works before Invertement.

I think the information they got matters as we all know there are a lot of people , groups and forum teaching about crypto investment so its matter  as we all know that some influencer not totally teach about investing all they are teaching is that the success of investor not all. So the beginners who want to invest then they learn from them without knowing the whole  story of investing and they are greedy to invest and when the time that thier coins crashed they don't know whats thier step or els they run out of thier focus and sell thier coins and claim that they will get scam.
In the world of investment or in crypto we can not say that we are reaching our goals easier maybe theres some investor that they get thier profit in a short period of time while the other side it takes a few months or a year to  get profit. :)

Honestly yes,  most of the beginners and most of us who are investing in Bitcoin or crypto generally are not for financial revolution only, but for gaining big profits. But it is worse when the beginners think that investing in crypto will make them get richer very soon. This is what makes many beginners become the victims of scam projects or fake investments that promise high profits quickly. We need to change our mindset and theirs, but we cannot because every time we tell them, they will ignore it. What they focus is only on gaining big profits quickly so they will ignore the advice or caution about scams and fake investments. Once they were scammed, they will blame the crypto space. that is the reality that happened here. Not all of them, but many of them are doing this.

A beginner should be ready to learn, follow instructions and ask questions and necessary,
A beginner should be serious and hard working,
I'm a beginner and I'm willing to learn, please I beg everyone out here to help me, if there's anything I need to know please don't hesitate to tell me, as I will really appreciate..

Not everyone invests in crypto and they were initially I think also people who chose crypto for their type of investment before they had a bad experience. Crypto schemes are only to enrich the project owners with people unconsciously choosing to hand over money in the name of investment with the basic aim of acquiring wealth. But most of them end up in scams.

Investing in Bitcoin is not the same as cryptocurrencies that pop up every now and then offering sizable returns. Bitcoin is definitely and proven to be a hedged type of investment. To date, we have not heard investors who invested in Bitcoin complaining.

It is usual and normal if a newcomer is scammed in the cryptocurrency industry. Scamming is rapid and rampart in the society so the victim of scam should not be blamed but if the person is scammed more than once with the same method and for the same reason the person is supposed to be blamed

That is why scammers always devise new strategies to rip people their money and we should therefore always be updated to know the strategies rather than leaving yourself vulnerable.

Despite what you mentioned, not all beginners had their mind set like that. There are those that has a very realistic objectives and sees cryptocurrency like bitcoin to be a revolutionary technology that we achieved on our timeline, hence they do aren't blinded to the potential profit and not oversee the possibility of losing.

maybe that opinion is very correct. Very few novice investors in the crypto market are interested in whatever lies behind the development of the crypto market and community.
what they see and want to achieve is to get rich quickly. this is really what is happening to young investors today. they enter the crypto market without even understanding the project and its development. all they know is to quickly double the money.

but I'm sure, of the many who ignore it all. there are one or two of them who are genuinely interested in blockchain and the financial revolution.

How cryptocurrency is moving really affects the mindset of every investor right?
What if Stocks in the Stock Market are moving the same as crypto, will they just prefer investing into stocks compare to crypto because it's safer and it can make an investor rich in a quick way.

This is what volatility can do to ones mind. Because of the volatility of cryptocurrencies, people always think that if they will buy now and just wait, there is a high chance that they will earn money faster because it's volatile. It price move faster than other assets thus, they will get rich faster.

Bitcoin and other coins are being treated as an asset by most of the investors and that's the fact and that's a problem because they don't care about the technology behind it as long as they will earn money. As a matter of fact, that "Get rich quick" mindset will just make the beginner investor lose money more than what they can earn because they have a higher chance of getting scammed. As for the OP's question, at least don't stereotype all of the beginners because there are still some beginners who has a different goal when they invest into cryptocurrency.

You can be motivated about Bitcoin investment, if you want to read the reasons and how they make investments until they become successful.

 • 12 Bitcoin Success Stories: Meet Bitcoin Millionaires (https://www.cointree.com/learn/bitcoin-success-stories/)
• 5 People Who Became Rich Because of Bitcoin, And Their Stories. (https://medium.datadriveninvestor.com/5-people-who-became-because-of-bitcoin-and-their-stories-1925ef6934fe)

We know that after Bitcoin was created, many people changed their lives with investment methods, all of this did not escape the knowledge they had and patience, you want to succeed in investing, understand Bitcoin properly, so you have serious reasons to invest.

Seeing some people succeed in investing in bitcoin will certainly make us motivated and also want to invest in bitcoin. But the question is? Are we able to continue to be consistent and patient in facing the fluctuating crypto market because of its high volatility. Investment requires patience and will be better in the long run. Understanding what bitcoin is and what its advantages and disadvantages might give reasons why you should start from bitcoin. Every beginner can learn from the success of others, but the results will be different.

When I came in 2016 to crypto world and bitcoin starts to grow faster and faster. No one was thinking about huge money, we were interested in the revolution of this amazing technology. And when the price was rising, we heard about it in the news, and realized that the views of more people are directed at cryptocurrencies. We didn't think about money, we believed that it would result in something incredible, and the world would not be the same. Unfortunately, then speculators, cheaters, scams began to appear. And it became clear that now in the crypto world more and more people will only want money, without understanding the revolutionary technology. That's how it happened.

There are so many shits projects out there about crypto that by veritable experiment they ain't supposed to exist but because they promises to enrich it's users and participants within a short period of time you end up seeing novice and greedy newbie's jump into these projects only to get scammed and locked out of it along the line. And this attitude is what is encouraging more shit projects out there to keep emerging believing it will always get usage. And this is something that needs discouraging.

OP, are you asking about beginners to this forum or beginners to the crypto industry in general?
There are no such statistics and it is difficult to know the motivation of other members of this forum for participating in crypto.
However, whenever a new technology, service or product appears, there are always two groups of people, those who develop and offer the new technology, product or service, and those who use that new technology, product or service, and this is quite normal and logical.
It is clear that the first group is always much smaller than this second group, which uses a certain product or service.
The possibility of making money is always the strongest motivation for most people to start using a certain service and I agree that for most beginners this is the reason why they started using crypto.
There's nothing wrong with that, but the problem is that a lot of people don't understand crypto or bother to analyze and understand the crypto market, and that's why people lose their hard-earned money expecting easy and quick earnings.

That's true. Most crypto projects are not real to their promises. They just let people invest in their "too good to be true" project but at the end of the day they just running the funds they collected. Even veterans got scammed how much more if you're just newbie. That's why we have to check the project very well before you decide to invest in it and I suggest to diversify your investment.

The first thing I think about investing: Many people fail in investing not because they don't study crypto coins, but they don't study themselves. The point is to do according to each capacity, don't just follow along, don't be easily lured by influencers. HIGH RISK (NO) RETURN, still the most important is DYOR.

It depends because everyone got to know about Bitcoin through a means it could be through friends, social media, conference or maybe an outdoor meeting. How Bitcoin is introduced to this beginners determine their mindset when dealing with a volatile asset like this.

 Everyone participating in Bitcoin have a collective motive which is to profit from the volatility just that everyone approach the market differently. While some simply buy low and sell high, others trade and majority buy and hodl for a long time before selling.

But for Novices who don't get the right orientation they might just feel because Bitcoin made their early investors rich, The routine will remain that way not knowing that there were factors that triggered the sudden rise in price back then and for such occurrence to repeat it self it will take many years of patience and if it will eventually making new rich investors it will come sudden and unexpectedly.

This is one of the things that must have triggered researchers to study the intentions of novice investors because they come with the mindset of gambling in crypto and not investing. In reality there is no free money in crypto to make good profit it will cost the investor patience and time and studying.

Newbies tend to buy crypto assets, especially Bitcoin because of increased understanding and trust in Crypto Assets. After Crypto Assets are increasingly recognized and positive news about Crypto is increasingly being discussed, Newbie trust is increasing. If the goal of playing crypto is to get rich quickly, who can guarantee that crypto can make someone rich.

It needs to be underlined, Cryptocurrency is a very risky asset because its movements are very dynamic, price changes can occur at any time without being predictable. For Newbies who are interested in crypto assets, they must have clear investment patterns and targets, don't make crypto as speculation that can provide wealth in an instant.

Each individual in the cryptosphere chooses to invest in cryptocurrencies for a different purpose. It may be for a store of assets for them, a get-rich-quick scheme, or for potential future investment gains. Whatever it is, that is how bitcoin investing was initially described to them by their friends or on the internet.

Before making an investment in a cryptocurrency project, only those who are well-informed about it conduct research. Newcomers don't bother to conduct research if it guarantees them rewards in a short period.

actually "learning" is not just for beginners, even seniors who have been in the crypto world for a long time also need to increase their knowledge and experience. as a newbie, all you have to do is try not to pollute your mind with greedy - lazy - spam - other disrespectful actions.


consistency, it is something that is very important for everyone to be able to profit from crypto, it is impossible to get rich in one night in crypto, people who currently have a lot of assets in the form of bitcoins or altcoins must have a firm belief in what they are doing. 100% correct, imitating how other people succeed is quite easy but the results which get are clearly different.

In the crypto world, there are several types of newcomers; some are patient and constantly willing to learn, while others are not, always willing to take greater risks from which they may never fully recover. Being a novice in the field, there are numerous issues that must be understood before continuing to engage in trading. Being new to the market, I lost more of my USDT due to ignorance and greed. I was also a victim of scam projects as a result of my greed and desperation for quick profits.

Indeed. Sadly the vast majority cares about bitcoin and crypto only as tools to get them financial gains.
This being said, the less knowledge one has, the higher chance he will fall for scams, for altcoins with no future, name it. The less is the knowledge the higher the chance to see all the coins - bitcoin and altcoins - as get-rich-quick schemes and to believe all the claims and promises, no matter how wild (and wildly fake) they are.

Some few who take the patience to learn first and invest later and with caution may have better chances for the financial gains all dream about.
Yes, kind of like in the story with the turtle and the hare...

When registering an account at one of the Exchanges or other places related to Cryptocurrency there is no specific question about their reasons for jumping in and investing in crypto. One of the most valid reasons is money, they believe in the potential that can be obtained from crypto assets.

News about Crypto has spread widely throughout the world, people only need to read a little about crypto to be able to draw conclusions with the potential that is in it. The encouragement that arises in their hearts makes them dare to dive into Cryptocurrency even though their knowledge is very limited. This is what needs to be emphasized to them, Crypto can not only make money, but can also spend the entire contents of the wallet if they are not equipped with mature knowledge about how to invest in crypto properly and safely.

Yes, this is true and very familiar with newcomers who are just profit oriented. They don't care about the process, all they care about is the end result which is their profit and what they stand to benefit and forgot to know that the market is full of up and down. Once they encounter lost the business is a bad one and they move out.

The one and only intention behind every investment is returns or benefits so there is no doubt in that people who are investing in crypto is to become rich but what they are trying to do is to achieve something in no time which may happen once in a while but not for everybody still they hope they can be that one and investing on shit projects which claims to be giving high returns.

Most people are investing in that way but surely there are exception for example if they are already having financial and investment related experience then surely they will do enough research about what investment they are going to make and what are the risks behind it and how to minimize it, etc.

It's a matter of taking risk or not for a chance having a good and mostly they didn't give some time to prepare even though they may have experience in investment for example and didn't do somr research before investing in that project or platform then getting scammed in the end. As explained in previous post in this thread that the less knowledge you have the more you are to fall in a scam situation which we don't want to happen. I think that the reason behind that bis because of other people's success in crypto which make most newbies being impatient.