Bitcoin Forum

https://www.talkimg.com/images/2024/04/13/j6GNN.jpeg

I found this image on WhatsApp and wanted to share it here as a message for everyone in our forum. In the crypto world, prices can change a lot especially during Bear season. Even though you might have the same amount of coins their value in the market may reduce drastically. This can be scary especially for newcomers who might not understand how it all works. In the image above ,someone introduced a newbie to crypto without explaining the risks or advising them to do research first. Now the newbie is upset and asking for his money back.
Something we should learn from this is that before investing in anything, it's important to do your own research and understand how it and the market works. If you introduce someone to crypto, make sure they know about the risks of volatility.

Theres also a risk of being blamed or even arrested if someone claims you lost their money through investing. This could lead to accusations of scams.
Incidents like this can give reputable coins like Bitcoin a bad reputation, as people might spread misinformation about them being scams. Let's be careful about how we introduce others to crypto investing.

Newbies who rush into crypto especially altcoins without understanding often rush out of crypto with a loss too.

If you don't have any friend that can look you in the eye and tell you the brutal truth about investing in the crypto market be it bitcoin or any altcoins then that person doesn't deserve to be your friend. And if you are that person tell your friends who ask for advice that they can lose all their capitalism the twinkle of an eye and therefore whatever money they plan to use for investing in Bitcoin should be one that if anything happens to it we wouldn't have to call emergency services.

Although I don’t know what might have transpired between this newbie and someone who introduced him into cryptocurrency, but I can tell you that even if some newbies are warned about a potential bearish period they will still go ahead and buy. Even though social media isn’t a place to get quality information from i have seen influencers there warning of an upcoming dump and newbies still go ahead to buy the coins. If you even check his portfolio now you might be seen shit coins there.

I don’t think there is any law that will get someone prosecuted for telling you to buy something and you aid to the advice and you lost. The question will be whether you were forced under duress or you freely bought it. The former will get you arrested which I haven’t heard off before.


For the general public, this is the best time to stay away from looking at your portfolio.

This is the reason when we introduced bitcoin and crypto to someone we need to tell them about the risk, we can't just focus on the good side of bitcoin and when there is bear, such person may never  take your word for true and then may end up selling their coin on the loss out of fear of not losing all Their money instead of HODLing.

To be frank Doing your own research is really important because Knowledge is power especially in the Crypto space but we have to be cautious of were we get information from and this is the main reason it's advisable to get from different trusted sources and compare them, while information common with these sources should be regarded more.

That is why we need to introduce patient in everything we do, most of the newbie are not patient enough to know more about cryptocurrency before looking out to make investment.

Sometimes it’s not that the newbies are not informed about the risks of investing in cryptocurrencies but they chose to ignore the advice because of the “rich” lifestyle of crypto investors they see on the internet and the overnight success stories they have heard. They look at the person who introduced them to crypto and think if this person is making money from crypto investments, then so can I. And even when the person tries to calm them down and tell them to invest only what they can afford to lose, they feel as though you want to limit them from making more money.

It's possible this is a genuine message, or maybe it's a joke.  Someone  invested their "business capital" in something they may not fully understand, which could lead to financial loss. Can you imagine his business venture if he is really that stupid and reckless? Perhaps this will be a valuable learning experience. As the saying goes, "Fools and their money are soon parted."

It is highly likely. Things like this are not uncommon in my country that even been aware that MMM is a scam people still go ahead in investing in ponzi scheme because of greed.
I'm not sure the newbie was properly educated on the risk of entering into cryptocurrency.
This is the reason I never advice or direct anybody to invest
If it all goes wrong, Then you become the villain and if it goes well they become the smart one for listening to your advice.
Invest money you can afford to lose should be the first thing that's been told to any newbie
I'm sure the senior never did or explicitly warned about the risk.

I cants just hold my laughter because this is very funny and the conversation is just too sweet to make my day. This is one of the reasons why we need to keep telling people that wants to invest in cryptocurrency to understand and teach them what they needed to know. The market is very risky and anyone can lose money if they are not patient enough to wait for the market to recover before they could get their funds back. Just like recently that we are seeing the price of Bitcoin falling drastically, their are people that are complaining about the market and how they could get their funds because to the actual amount because they do not understand the market and how things works here. It is our duty to tell people and teach them what they needed to know.

It's truly unfortunate to see situations like this especially when newcomers are involved. This person might be young or inexperienced without any knowledge of crypto or even how the small basic things works, going into the world of crypto in this way without a full understanding of the risks involved is messed up and a mistake with much regret. So, undoubtedly it will be a learning experience for this guy, one that will surely change his future decisions and the way approaching to investing.
This conversation reminded me of my very same experience, as a young student went through trading experience without any knowledge. However, after such incidents and experiences we learn by doing researches, I believe losing is the first hard step to start learning and without it you can’t go through such investment or industry.

When it comes to cryptocurrency, one advice I'll give is, when it comes to short term purposes, like taking capital and putting it in crypto, and expecting magic in a month, while the price of your coin 'could' appreciate within that space, it's quite unlikely or rather risky, as you could equally make losses before the end of the month, when you need it. But then, when the margin is large, and Bitcoin is the said coin, then  there is likely profits. The shorter the margin, the more risks of losses.
And secondly, you shouldn't enter Bitcoin or crypto being half informed. This is a clear example of the panic people express at dips, which is a popular failure.  Maintaining  composure during dips is one thing that bitcoiners should learn. I can't speak for shitcoiners though. It's natural that a dips you panic, but then it shouldn't lead to you selling off your holdings. Before you do Bitcoin, be familiar atleast  with different terminologies, and then with the behavior of the market. These are little things that make a bitcoiner.

Indeed, DYOR is very important when investing in crypto. Because with DYOR, we can also really think about what is urgent, what isn't yet, and what should be invested in. Because, after placing a position for investment, not everything will be clear, but the process is honest and really understands the deepening of knowledge. Because with enough knowledge, we can do it ourselves. but of course it won't be that easy.  However, the mistake is that when investing in Bitcoin and the price falls, there are still many who panic if the price of Bitcoin also drops quite drastically.

The first thing I will advise to someone is when someone ask you some money in crypto for a chance of profit is that it is a scam for scam attempt situation and for knowledge is that you should understand it first by doing some research before doing it. It is the same as to this saying "don't dive to an unknown body of water" which means you don't know if it's safe or not. What I explained here is kind of the same as the gif above. Research first is a must for everyone who is new in something.

FOMO sometimes can make a newbie ignore all the risk side of bitcoin that you have told him because he saw bitcoin price pumping and pumping, and he wants to buy because he thinks that bitcoin is a get rich quick scheme. Most newbies will think that you do not want them to invest and make profit.

It is when they have started experiencing the dip just like the chat posted by OP, when bitcoin price have dip bow their entry point, that is when they will be panicking and they will forget about what you told them. Some of them will start blaming you for their losses. This is why I don't tell anyone to buy bitcoin until the person is ready to use bitcoin as a means of saving his funds.

Honesty is the best policy. It’s still better to speak frankly and tell the truth to all newbies that bitcoin investment is never easy and carries a lot of risks. Much more to altcoins as they are only a pump and dump thing in the crypto market. And for the investor part, it’s crucial to have your own extensive research prior to investing. Not all you heard are valid, especially if it comes from a YouTuber. Do your own research so that you won’t end up rushing to invest and blame others because you weren’t warned in the first place.

A lot of people are fascinated by the success of crypto investors and because they are so much attracted to the wealth or the luxury they see in investors they therefore request to invest in that which is making an investor successful but when the risk it been spread out they will either quit or go ahead to invest believing that they will be lucky not to meet the bearish season of the market but when it comes they scream like kids waking up from nightmares.

While reading the conversation in the image you posted OP, I burst into laughter because I feel it hilarious 😂 that the newbies is requesting for his funds back from the person who introduced them into it, forgetting that the person is not in charge of whatever happens to the coin. I don't really know what transpired between them but this is constantly happening where the newbies act like the person who introduced them is responsible for their loses but they profit they act like they meet heaven.

A lot of things happen in the market and that's why I'm afraid of introducing people into bitcoin investment, unlike right now as I'm speaking I just checked my Electrum wallet and bitcoin price has depreciated, but since it's a long term investment I don't care what happens now, but till the next few years. So we should let people know the volatility of the market (risk) in order not to face situations like this. Hence our one research is paramount for a successful crypto investment.

This the exact quote that my parents used to trap me as a kid.

I even read books title the same thing.

But truly Honest is the best policy; if anyone is honest enough to let the newbies know the truth of the market, how volatile it is then they will have no queries to answer.

I can't call this lack of patience.... It all about getting right information from the wrong hand. With this conversation, it's clear he was introduced to the space without the person telling him how things work here. He too joined and invest with doing any research. This is laziness from his own part. It is good to introduce friends to crypto but let's always tell them that it can also be risky.

This is a very cool meme 😎 bro, practically explains the concept of what the OP is trying to pass. Many people and of course newbies are either drawn to crypto investment maybe through some superb story they heard about an investor who made it big and decided to go into it without even making proper research to what they are getting involved in.

Not just newbies, the so-called experts should be blamed for not properly informing them about the risks involved. You can see from the image in the picture that the newbie knew nothing about price movements - I’m sure all that guy told him was that he’d be able to hit jackpot if he invests in crypto (that’s how most newbies are lured into investing in bitcoin).

If you’re introducing someone to make an investment, make sure you tell them all the disadvantages or risks involved don’t just sugarcoat everything make sure that they are mentally prepared for what is to come.

The message originator doesn't sound like a business person to me because from the very start he shown low level knowledge of what he invested in and he may have also taken bitcoin or cryptocurrency as a get rich quick scheme and, this will affect him alot both in the cryptocurrency market and also in real life because no business person will invest $500 business money on bitcoin without making research of the risk that could come along that investment.

I also tried to analyse the chat and it wasn't worth it. Maybe it is a randomly generated chat to depict what happens on everyday life. I could believe that it wasn't bitcoin they supposedly invested in. From $500 to $130 LOL. How many percent on losses.  This cannot be our bitcoin.

True. Panic is the first thing a newly introduced investor faces when they think they have lost their investment in something they were introduced to and know so little about. That's why it is good to hammer on time. Give the person space to reason and ponder on the information you fed them, and let them come on their own to ask how they can benefit from it despite the risk involved.

 This kind of issues break friendships, because it might not be lack of communication that's the leading cause of why the investment failed, but the lack of knowing how to tell a convincing story that makes one trust you say the truth, is what matters.
A convincing story would propel anyone to do their own research and come with good questions to ask. Where this is not so, the information passed across will come off as cheap and ordinary.

That message could be a new method by scammers to trap others. The scammers try their best to make new methods in order to test our empathy and when we fall for them then they take the money and run away. Such scammers are people with criminal mindsets, they misuse that money for bad things and continue their scamming habits.

The message could also be send by someone who got affected by the dump of the market and if that's the case then that someone might have invested in a wrong altcoins that dumped a lot in value. I also think that it's a good thing to do your own research before investing money into crypto-currencies because if you invest in wrong coins then you won't make any profits whatsoever.

Everything is much simpler. If someone introduces a person to crypto, they should tell the whole truth and not promise only advantages and increases. In general, for a normal person who sees the life of the person whom he wants to introduce to Bitcoin, it would be right to protect him from excessive haste. Especially if he knows that the person cannot really afford to spend. First of all, stories about volatility and periods for which it is profitable to invest, and this is not a small time, will prepare a person for all surprises. Whether people hear these warnings or not is not your problem. You will do what you must.

It seems like he is talking to a so-called crypto expert that we often see people promoting in the comments of social media posts and asking us to either join a Telegram group or contact a person who is an expert and has helped them gain financial freedom. Such people would show big dreams to newbies about how much money they can make if they make investments and don't let them know about any risks involved, and such newbies are so naive that they wouldn't do their research before doing it.

I can say that this can be 100% real because I have seen people being this naive where they would invest money with people they randomly meet in a chat group or through someone who contacts them privately offering them great returns on a plan they have or they can refer them to.

I remembered when I was new into Bitcoin and I bought some Bitcoin so when the price of Bitcoin started dropping I also checked my wallet and saw my Bitcoin was also decreasing in dollars, I was very surprised before I ask a senior member here and I was told that it was due to volatility as Bitcoin is not a stable coin that the price fluctuates up and down. I was still very angry till the price of Bitcoin increased again and it went even above the initial amount I bought and I was so happy and did some research and learnt a lot about Bitcoin volatility.

I agree with you @Hatchy, this chart which you have presented clearly shows how dumb the investors was towards crypto and he or she did not even play safe by investing just a small amount that will not stop him from starting his business. I am just happy for my self that I was so privilege to learn and understand that crypto investment is not something that any body can expect profit for a short period of time.
With crypto investment, one should only invest what they can either hold for a long time or something that they can afford to lose.

In as much as this Whatsapp conversation look really funny to me, but it's actually a complete no to me, to tell someone to invest when I know that the person have zero knowledge about cryptocurrency and how it works, because only this conversation am seeing so is enough reason for his or her to start calling you a scammer.

In some places around the world, their are some people that knows little or nothing about Bitcoin and cryptocurrency, and most people around the world still sees crypto as a Ponzi scheme, due to the fact that they are uninformed, those kind of places, it's very advisable to talk about Bitcoin cautiously, so that most uninformed people would not start seeing you as a scammer.

Lastly, if we are introducing someone into the crypto industry, it's best we tell them all it entails about it, and mostly the risks attached to it, not just the benefits, because by the look of things, it's only the benefits the other guy told the newbie about, that's why he is really panicking, because it's the exact opposite of what he thought.

The image below shows an example of a newbie who got into cryptocurrency investment without prosper information about how crypto market works, from the message of the newbie you can see that he's not properly oriented that's why he's asking the person to take the coins back and give him back the amount that was invested may be because the plan is to invest $500 and make a double profit to boost his business because for someone who is well oriented, it's very difficult to pull out your business capital to invest when you don't know what the next minute will turn out in the market. For anyone who's extending a helping to as many that wants to invest in cryptocurrency, it is important you give them good education, lecture them that the investment is not a get rice quick scheme and don't allow them to invest with the money they want to use for other important things if they will be needing it soon because Bitcoin investments does not guarantee instant financial stability, help them even after guiding them to avoid this kind of cry for help.

Of a truth, this shows a low level of inquisitiveness to gain knowledge, the world is assumed to get people who are readily to ask questions and make inquiries before any action but how come a person would blindly invest in crypto without understanding the risk factors, I'm sure it wasn't Bitcoin probably some Altcoins.

The person who aswell introduced him to crypto investment should be blamed, we do not know how the whole action took place but the referer should have known more and more about all the associated risk features before allowing the other person to invest such an amount that will cost him alot if the market goes side ways and it did, he is left with the choice of holding or selling, as we don't know the actual crypto his holding.

This thread discusses a few important points - not just to Do Your Own Research (DYOR), but also, to be cautious of giving advice to family or friends.

When you give advice to family or friends on cryptocurrency to buy, your relationship with them will be held accountable if the investment does not perform. You might have conviction and are able to weather the storm of constant changing prices, but they do not. For this reason only, I do not share any investment or cryptocurrency related advice with family or friends, they need to understand it themselves and make their own decisions for which they are the only ones who are accountable.

Thats why i said he must have gotten the investment through maybe some testimonials of one random dude talking about how easy it is to invest in bitcoin and how much profits he has made. Some persons just like you pointed out have come to the conclusion that bitcoin is actually a get rich scheme and nothing more which is the most wrong idea or thought anyone would when it comes to investment.

I think this risk is also sometimes very binding for us in the first stage when beginners come by asking us to be taught how to invest in crypto and on the way during market corrections because we are not used to the pressure of market corrections let alone the duration of up to weeks like last year more or less reports that are so coming.

Indeed, this is considered natural, but if we are more patient, especially for beginners, more or less it will also increase understanding of market performance and how we can not get caught up in these conditions and be able to come out as the winner of at least the big series.

Never follow the path shown by others without having proper knowledge about crypto. Most newbies come to invest in crypto after being lured by social media or YouTubers' catchy words. And to do so is to destroy oneself with one's own hands. Because it is necessary to properly research, observe, and understand the market about cryptographic risks before investing. And to do this, you have to be patient enough. Patience has to be tested.
 Before the person invests in crypto, he must have done proper research, know about the risks, or his friend should have told him about them. You only invest what you can afford to lose, and that is the policy of crypto. But it has been a lesson for the man, which will be of great use to him in his later decisions. Because people learn from mistakes and gain skills.

In some cases some people introduced people and make the people have another mindset on what they want to invest in, the person who sends the message sounds like someone who was given a guarantee of making profit after investment and with no idea of what he wants to invest in he probably invested without making research because of the orientation that someone who introduced him must have told him. There are similar cases where people give others who have ideas investment capital because of the profit involved in the business this could be the case from the message seen in the op and I believe that's why the sender of the message is demanding for his money back if possible.

That's very important. We shouldn't overhype anything cryptos to those who aren't into it yet. It's so we don't give them false hope. I had a very good laugh when I first saw that convo you shared here in screenshot on Facebook last week. It's hilarious. Though I suspect it could be two people just catching cruise and acting like something was amiss. Well, I ain't saying that there aren't people who've that same mindset. There are, definitely.

But of course, those who want to profit from their friends when they buy Bitcoin for them or sell to them at higher commission, such people won't forewarn their friends. Their main interest would be to get their friends in so they can profit from their transactions. If they have nothing to lose, they would be telling their friends the pros and cons of the industry. Crypto space isn't an all comers affair. There's a high rate of scam and that's why DYOR is very important for anyone who wants to make a headway in this industry.

Exactly. One should not focus only on its advantages and rewards, but should definitely tell as well those risks and consequences that an investor may endure if ever his investments do not worked as planned. This is to make sure that he understands completely the risks and rewards of that certain investment before he will put his funds. And on the investor’s part, DYOR is also the key. He should be responsible enough to research everything first before trusting that investment.

Probably this is because the investor itself wants to get rich quick and in order to satisfy his greed, he invested without learning all the basics and neglect all those disadvantages that may turn his investment into a failure. So there’s no one to blamed but definitely himself. And on part of those who advise to invest, learn to avoid taking guarantees that the investment will go on skyrocket, all investments have still uncertain outcomes so invest only at your own risk.

That is why the basic knowledge on cryptocurrency market and possible the Blockchain should learned or taught to the newcomers in the cryptocurrency world so that would understand some basic concepts like investment, bearish and bullish market and ATH and even halving so that when they are investing in it then all these ridiculous questions and conversations will not occur again.

According to a popular saying "ignorant is a disease". When I say the conversation I laughed.

Unless he goes in and buys BTC Sir. If others are untested, it will only increase the mental burden, especially if you buy coins that are not clear in their purpose and purpose, if lured by our advisors, the increase will be 100 times or even a thousand times.

I personally have also been invited before when I was a newbie to trading but the assistance was done by my advisor well, meaning that risk, basic analysis is taught, when to buy is taught and when to sell is taught as well and the most embedded in my mind is never buy coins when the chart is high and follow along and never enter participate in buying coins if the price is still falling meaning it is not optimal.

If you check the last statement in the chat above, you will understand where the newbie said that he isn't interested again, that his money should be given back to him. This means that the person that introduced him to cryptocurrency didn't allow him take charge of his investment. He invested by proxy and doesn't take full responsibility of his investment.

Whenever anyone wants introduce a newbie to the cryptocurrency industry. He should first tell them the risk involved and not only the positive side of the story. If they are able to take the risk, it is better for them, if not they should relax. There's no need blaming others for your losses.

It clearly shows that that was what he wanted but part of the blame should also be on his mentor for not advising him not to have used all his business money to invest into cryptocurrency. Because of how strict I was warned about price volatility of cryptos, I don't force my self to invest when am not yet fully ready and prepared to hold any money in crypto until I realize profit. While teaching people about crypto in a way to help them, mentors should also teach their friends about the dangers of crypto and not only letting them know about the benefits alone.

Yeah this is quite common. Just imagine why would everyone wouldn't just do crypto if it was an easy rich scheme in the end. This is same just like in stock market and trading. There is just hell nothing of a way to be rich easily.

Usually I would just treat crypto investment as a side job, not something that I would really put my whole 9-5 into.

No reason I wouldn’t blame the crypto newbie though; you never can tell what he’s been told or in what context the crypto idea was been sold to him or her. Something you can tell for sure is that, he or she doesn’t know how the crypto market works, didn’t play by the rules of investing only with spare funds (funds you can afford to lose) and he or she really is in crypto for the profit and have no room for losses.

Once you are about this perspectives to the cryptocurrency industry, you could easily be swept away by your ideas of making profits. I’m every business, there is a profit and loss situation.

Meanwhile, this investor haven’t lost nothing. Just a depreciation in the value of his or her asset which is normal due to volatility and could always change in his or her favor. The more reason why he or she should do nothing and just hodl.

the more reason why DYOR is very important and even with that, always speak to new investors on the possibility of loosing to the market when they sell at a low and the importance of hodling.

I don't mind whether it's genuine conversation or not but the truth is things like this are happening. People are desperately looking for a way to make quick money by whatever means. Sometimes, it's due to misleading orientation that led some of this newbies to invest their business capital in crypto with the hopes of doubling the amount without considering the volatile nature of the market. I once had a similar experience like this where the person approached me to seek for my advice because he wanted to invest money he saved to start up a business simply because he was told that bitcoin increases in value.

In essence, orientation contribute a lot to the success of newbies in this industry called cryptocurrency. Majority of them are lazy to carry out their own research, they chose to believe whatever their friends tell them. They are not bothered because the intention is to milk some money and move on.

This happens quite often. When someone has just entered the world of crypto investment and is immediately trapped by the sweet promise of a new project, it will end up like that. Even as time goes by, it will become $0. This is sad but often happens. In fact, many novice investors misunderstand investing in crypto and only do it following the FOMO that is happening. Look at how many victims of meme coin FOMO there have been so far? A huge amount. And even that happens every day. Not only meme coins, but also many new projects that ultimately failed to maintain their position on the market, and were even delisted. This is why it is important to analyze the project first, not rush to investigate what we don't understand. Yes, this is to avoid various possibilities of rug pulls or shit coins like this.

With this type of scenario, I can say that both have become irresponsible on their part. If you want to introduce crypto into your friend or colleague, be honest to them about how the market works and how risky a certain investment is, and not that you will lure him with all the positivity that bitcoin can give.

Now on the investor’s part, he should take extensive research first prior to investing and not just trust everything what the other person is saying. Because in the end, when your investment does not work and not end up according to your plan, you will more likely blame the person that have encouraged you to invest, when in the first place you should do your role as well educating yourself before you take other people’s decision.

Do your own research is very important and it is something that can never be looked down when it comes to investment.  It is the duty of everyone to make good research about cryptocurrency to have a better understanding about it because crypto market is not what people can manage if their is no better understanding.  

Introducing someone to cryptocurrency and not giving them the basic knowledge they need about cryptocurrency is a bad one. When you tell people what they need to know about cryptocurrency it will  really help them team be in the safer side and reducing the risk at which they will  lose. When introducing cryptocurrency to someone it is important to let them know the key factors that will sustain them in the market. Some beginners make mistakes because they were not giving a proper introduction.

As a new investor in the market, do not wait for someone to teach you on that but work on your own and do your own diligence to make a good research on your planned investment. This is to avoid you from falling into the scammer’s trap, as any scammer will try to encourage you to invest so they can take advantage of your funds, or to avoid expecting too much on such investment because you were completely carried away with the words coming from the person who influenced you to invest.

In thr past I have end up in this mess, I introduced Bitcoin and altcoin to some newbies and I regretted my decision few months later, my crypto portfolio went down as well and I don't freak out about it, but these newbeis can't handle the losses.

It was at the moment I found out that the money they invested wasn't even theirs, they took loan to invest after I have warned them about risking only what they can afford to lose, I lectured them about the whole crypto idea thinking that I am doing them some favour, but I was wrong.

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It was later that I had to pay for their assets and take it all from them, they felt at ease and I promised myself to never advice anyone to invest in crypto again, atleast not through me, many people invest in crypto only to see their bags going up and up, they are too emotional when losses start happening, even when you explain to them that they only lose if they sell.

Many people can't withstand crypto investment no matter how many times you try explaining to them, seeing their money lose some percentages is like stabbing a knife through their hearts, they just can't do it.

I have noticed that the majority of these people don't like doing their own diligent research, they are the type that always want someone to do everything for them, and they are like this because once something bad happened they will be able to hold you responsible.

I call such people the weak ones, it is very important to always tell people about the advantages and the disadvantages of investing in crypto, some weak ones will reveal themselves to you instantly, you can't know how success tastes like if you don't want to fall.

Losing is the fear that takes over humans mind and trying again is the way to winning, most of the time we need to taste what failure feels like to progress in life, if you don't take risks and embrace losses you can't ever grow.

It is always better to invest in your own research in cryptocurrency because investing in your own research gives you more confidence in that investment. I never believe in predictions given by others and never invest because others can never predict better than me and even if they do we don't believe it in our mind, always think that he predicted bad for me and gave me advice. It is also not right to advise a new investor to invest first because first a newbie should be made aware of investment, safety of investment, risk of investment, also make him aware in various ways then advise a new investor to invest. If recommending to invest first, I would suggest investing only in Bitcoin and keeping the wallet very secure to hold the investment.

Truly, it is not everyone who can stay strong to watch their money lost in crypto. Many people have felt bad like the newbie you made an example of of, which makes them imagine and begin to ask questions of how long will the market remain bearish like this. Nevertheless, this is a big lesson to those who put their whole resources in bitcoin that it will make them rich in a short interval of time, and when it doesn't arrive as expected, they begin to ask questions about why it is coming forth as they had expected it to

If you expect people to teach what to do in cryptocurrency you will make lot of mistakes, even if people tries to show you one or two you will be given the wrong information and people may also take advantage over you. I think everything you need to know about cryptocurrency must come from you. You learn more by making your research and you also learn by your everyday experience.  I always say cryptocurrency is personal,  nobody can help to do it for you. Sometimes even if you depend on the videos that are online you may not get the right information because some of them are not well knowledgeable on cryptocurrency.

In cryptocurrency you are the driver of your journey,  if you are not a good driver you may end up having an accident,  it is either you survive from it or not. Responsibility in crypto is personal and no one will pay the price for you.

The image which you posted is really funny, but I don’t blame the newbie which made the investment, I blamed the person that introduced the newbie to investment. When introducing anyone to bitcoin investment, you have to make them understand everything about bitcoin and cryptocurrency before investing, don’t just tell them if they invest in bitcoin they are going to make good profits, without telling them they can also lose money if they lose. People like this don’t know they can lose money after investing, so seeing their money reduce will really make them panic.

People like this will see bitcoin or cryptocurrency as a scam, or maybe they will blame the person that introduced them to it that the person scammed them. When i am introducing bitcoin to anyone, I don’t hide anything from them, I do tell them everything they need to know so that they won’t end up blaming me for losing money, or they won’t accuse me that I scammed them.

You see this, we always generalise it on newbies all the time, because they are the ones that mostly fall victim anytime, but to be sincere, even some experts and professionals get this problem. You know, it's not easy to control your emotions, especially when it comes to money issues like this. People get FOMO, and that's why they find it difficult to overcome things. The patient of leaving their funds there is not there, and some invest without the knowledge just because they don’t want to miss the opportunity and because the marketing is going higher, so it will be good if we calm down and learn before investing.

The crypto space is very large with different types of information that will get many people confused without looking for the right source of information before taking any folder action, and this affects many people. However, if there’s knowledge of where you want to put your money, there won’t be any fear, and the risk management will be there. 

What you mentioned is absolutely correct.

Most people who enter the world of cryptocurrencies find it unprofitable or are exposed to huge losses; the basis is their lack of experience and competence and their reliance on recommendations from other analysts, influencers, or inexperienced people. They also depend on unreliable sources of information, which will affect their investment decisions. Also, greed drives them to put all their full funds into any currency when they read an article or tweet claiming they can make 100x returns on their investment and become wealthy. Therefore, since this space is very large, the investment matter also requires extensive research.

The conversation screenshot provided by the OP indicates that the investor who lost $370 of his capital did not know the appropriate time to buy and did not choose promising currencies for investment. He may have sold the amount he bought for $500 at a loss. Therefore, we advise beginners to avoid investing or trading before gaining the necessary experience and correct information to survive.

Let me be honest with you, most newbie are only interested in the fast that they can get gains knowing that bitcoin is a store of value, no matter how you explain the volatility to them, they view it as just another big grammar or big bang theorem and are very enthusiastic to start. No newbie really understands this volatility nature of a thing until they've gotten involved in it for a while, experiencing it first hand gives a clearer understanding of its nature and the facts you encountered during your research period. Personally. I never fully understood these things until I made some investments and I'm sure that appeals to most people here.

 The newbie in OP is just another person who invested at the wrap up of bullish market and a launch of the bearish market which explains why the coins value experienced such reduction. If he's well informed about halving, let him wait for a little while like his investment manager advised and he will be glad

I thinking before introducing some to Bitcoin or even Alt coin investment, you need to tell them first about the risk involved. Like you need to explain to them in details how bad market can be on some certain investment, you should take your time to explain it to them. But even at that most newbie won’t still listen, most of them just feel bitcoin is like a way to get fast money and would just even invest without having proper knowledge about what they are investing into,  also some just want to be a Bitcoin holder so when others say they are into cryptocurrency they can also say they are into cryptocurrency too.

As a new trader you can’t always wait for people to teach you what to do, you have to work hard, make tireless research, it can only make you better  in the market. It will help you not to make bad decision in the market.It never easy to sit and watch your money liquidate, so that why you have to put in work too, make research and ask experts questions where you are having issues.

Issues like this are common in the crypto world, so this should serve as an eye opener to other newbies. Try to seek  proper knowledge about anything, not just crypto but anything you are putting your money into before investing in them. It will save you money and stress at the long run.

Most newbies thinks when you rush into cryptocurrency that is when money can quickly be made, they just feel taking time to learn can deprive them from getting the money in cryptocurrency.

 The truth is that those who take good time to learn cryptocurrency always don't regret. When people rush to make money in cryptocurrency without learning, it's either they will end up quiting cryptocurrency or they will start afresh to learn cryptocurrency and the time wasted can be annoying. It is better to learn cryptocurrency well than trying to make money so quick from it.

Patience is what every beginner needs in cryptocurrency to scale through,  without having patience it is impossible to survive the market or make something good from trading.

Interest should not be forced - in fact it is not wrong for a beginner to only be interested in learning to trade rather than learning the technicalities of bitcoin. In most people's goals - they just want to make more money rather than mastering technical knowledge about bitcoin - as a result they only focus on learning trading and self-development about investing instead of anything else.

To own bitcoin you don't have to learn anything technical and you don't have to be an expert ^{[enough with basic knowledge].} You just need to learn how to buy, withdraw it to your wallet and store it - while you also have to learn the opposite, such as selling it back at the price you want.

It is very bad to introduce someone to any type of investment or business without proper explanation of the risks and benefits of the investment. This is of one reason why many newbies easily get scammed or lose their funds in the cryptocurrency industry. As for me, some people I introduced  Bitcoin and general cryptocurrency to, I never try to hide anything from them and again, I will never advise anyone to invest whenever I introduce them to cryptocurrency. Sometimes when I introduce Bitcoin to some set of people, as they heard about the benefits, they always eager to invest. But I always advise them to not rush and invest. They should make sure they try to do their own research.


Maybe the person that introduced the newbie to cryptocurrency maybe the one that advised the newbie should invest, and that is may be the reason why the newbie is upset and asking for its money back. To avoid all this kind of attack from the person someone may introduce to cryptocurrency industry, it should never try to advise them to invest in any coins. Just try and make them have the proper knowledge of about Bitcoin and cryptocurrency in general."

Newbies mostly join crypto because of what they hear about people making money from it and without learning much about or seeking any kind of knowledge they just jump into it and waste no invest in it. You will find it difficult to be successful in something you know nothing about but newbies don’t bother because they are blinded by the profit of others. There is more to crypto than just buying and holding, aa lot of things needs to be understood first or better still having basic knowledge about it is enough to keep you going for a start.

Understanding the risk involved is important because crypto has a 50/50 success rate because of it’s volatility and without properly understanding the market behavior it is easy to lose money, losing money is normal whenever the market crashes and it affects everyone including experts but the major factor that determines success in crypto is patience, having the patience to withstand the temptation to sell your assets when the price is down is an important attribute every investor should possess but clearly any newbie without knowledge will lack this. Sometimes newbies have the wrong mentor when being introduced, they are not being educated properly about it and that is also part of the reason newbies lose money in crypto.

This is a serious advice that shouldn’t be taken for granted, there have been cases of people being accused for introducing others and leading them into loss so we need to be careful who we introduce. People get doubts when they are involved with others regarding money and some people will even leave aside their friendship and challenge their friends for misleading them because money is involved.

They simply dive into something that these people think a easy way for them to earn money and what they think they need to do is just buy low and sell high, but actually these newbie will only realize that its not simple as that when they are already in trading battle field. For beginners a research is important activity they should do since by finding a lot of knowledge on everything they want to participate or get curious with then provably that newbies can find something good approach towards the risky market then they can able to find some solution or strategy on how they can possibly minimize their losses then increase their potential to gain some profit for doing wise decision on each trades they execute.

I found this funny at the same time is not, because this newbie really rush to do this investment, he didn’t want to learn and I’m sure he did this without telling the person that introduce him or her to the crypto space. $500 is not small money for this user, who is now panicking. You can see the way this message is going, I’m very sure he will later sell this investment at lost, even if someone after telling him to leave it there he won’t agree with that, and this thing happen because he was argue to invest, FOMO was disturbing him or her.

However, Bitcoin investment is a choice for who wish to do it. So, in my own opinion, even if he talk bad about Bitcoin investment people who want to do it and have the knowledge how it works will still be interested in doing it, So to me this person should stop panicking and go further to learn the basics of Bitcoin investment and any other things that he suppose to know. Because this is one of the reason why people always advise to learn before investing.

We have our own intellect and we have the power to decide but still we cannot trust our decision making power much but when another member tells us about a matter it seems acceptable to us. There is a big difference between doing something using your own knowledge and doing something using someone else's knowledge. The other person may suggest something to you, but the way you think about your work or the way you research, but the other person does not analyze the issues so seriously, there is a high chance of mistakes in his analysis. You may say that you are doing analysis where there is a possibility of mistakes in your analysis I would say there is no problem because you have tried your best and if you are wrong even after trying your best then you can work on those mistakes later. So instead of depending on others, be dependent on yourself and try to give importance to your own decisions.

Agree with this mate  everyone of us have different perspective in life so it's better to do our own research in order to find a good idea that suits to our likes.  And in additional if we use someone's knowledge then there's a chance that we will regret it once we will loss and also there's a chance that we blame those person who has that knowledge without knowing that is our fault cause we use thier strategy and not ours. So it's very important if we do some research in order to prevent blaming. Cause once we fail then it's our choices.

It's unfortunate but most people who are joining this industry lately have been more interested in following others and being dependent on them than in learning the skills themselves and doing the things themselves. It's not that hard to learn how to trade how the market works and how you can track the movements of different cryptocurrencies or use indicators to have at least a close prediction for their future prices and base your trades accordingly, but yet, most people are too lazy to do that.

This is the reason why signal groups are filled with members who are always eager and ready to get trading signals that they can follow to earn some profit without doing any research themselves even to verify that the signals provided are correct or they are just made up signals without any authenticity only to show that they are working and providing signals.

Whenever you jump into what you have no knowledge about, then you will end up losing money at the end, the basic of trading is to buy low and sell high, but if you want to be a real trader, then it’s more than buying low and selling high. Most people will realize trading is more than buying low and selling high, but before they are going to realize that, then they will have started trading already and they will have wasted so much money.

When we are introducing people to trading, we should let them know how difficult trading is, so that the person is going to be prepared, don’t make them think trading is just an easy activity, and make sure you ask them to trade with just the amount they can afford to lose.

I think intelligence comes in many forms. It is true that everyone has their own intelligence, strengths and weaknesses. Instead of comparing yourself to others, focus on your own talents and abilities. Believing in yourself and your own decision-making skills will give you a lot of energy to move forward. Seeking advice or input from others can be helpful. But in the end, I will stick to my own research decision because even if I make a mistake, I can learn from it by researching again, but if someone else's decision is wrong, I can't learn from it. Although the crypto currency world is different, if you are new to investing or trading there, I find it useful to take suggestions from experienced people, as I have seen many senior members on this forum, their analysis is very helpful.

Well that was really reckless for sure If you're going to enter the cryptocurrency space without even knowing basic information for sure this is surely what is going to happen to you, I mean it just doesn't make sense to do that at all especially because cryptocurrency involved money, you could easily lose it in here if he invested his money without even knowing what is going to happen or how it work something doesn't seems right for sure, I mean for sure you're probably going to be a newbie since you still new on something but this one sounds like he didn't have anything at all, I mean seriously investing on the cryptocurrency you should at least know what is cryptocurrency right?

It just doesn't make any sense since he sounds like that money was really important to him, and it was for his business then he put it into something that he doesn't have any idea about, I mean think about it, how did he even know how to buy Bitcoin or some altcoins he if doesn't know that cryptocurrency has a volatile market price, did he really expect if he put money it would just magically profit and increases over time?  ???

Remember that we have the forum, so I could easily advice you to always do your research plus if there were really something that you don't really understand we have the forum where a lot of experienced members could easily help you. Be wise to learn from others' mistakes so that we can avoid losing money.

I know that old hodlers in the system will not panic because they know that the price will still increase when time come, but newbies who don't have the skills before going into crypto investment will surely get panic by seeing their money reducing every day.

Once you became mature in crypto hodling, I don't think there is any bear season that will make you to worry than to use the bear season to continue buying from the market, if you have the money because it will allow you to accumulate profits when bull run occur.

Asking questions about the bear run, it can make the newbies to know what will make them not to worry about the dump of the market than to position well for the price of their choice to come before they can sell.

Most newbie see it as a waste of time, they don't really know the importance of making research, I think that is the reason why most of them easily get scammed. before participating in any project is always advisable to make a deep research about the project, because nowadays scammers are moving in the internet just like a roaring lion looking for who he may devour, that's how scammers are also looking for who will fall victim to them. that is why we need to be extremely careful, as a newbie before you participate in any project you need to conduct a deep research about the project before looking out to invest.

sometimes people does not take adequate research to cross check whatever thing they want to do before the inventure into it I believe that most of the persons today venture into wrong investment it is because of inability to carry out a proper research before the venture into that investment so whatever thing we are doing we are supposed to be estimately careful and also be patient for anything that deals with investment.... in normal circumstances I believe that ordinary person who does not have a guidance cannot venture into cryptocurrency investment without making a research it is when someone is directing you on what to do it is when you will be a less concern for investment you want to venture into but when you want to invest on your own without any person's Direction I think you must to carry out a function of research before the investment