This photo illustrates something that many trading players violate. Even though they know that it is the right thing to do, sometimes they increase the risk by ignoring the rules. Well, some succeed, but almost more people fail than succeed.
Apart from that, for beginners, you should use as little money as possible and never use the main money you have. Many beginners feel that trading is easy, and use all the money they have as initial capital.

Basically, investing in meme coins is a very risky investment. That's because the purpose of creating meme coins is unclear. However, there are reasons why people choose to invest in meme coins. If you look at the price increases that occur in popular meme coins such as shiba, pepe, and others, then you will see a very high increase. some meme coins even rose above 300%, or even more. well, people who invest in meme coins are aiming for that. Apart from that, I also feel that they use money that they are willing to lose, because when something unexpected happens, then they can let it go.

So far, the best one I know is Binance. I think, if you ask for recommendations for the best exchange, most people will say Binance. So, for starters, you can probably create your account there. However, binance requires KYC for its users, if you are really serious about learning, try to create an account and start from there.

So far, the way to make money from crypto is still the same as before. However, currently there are more scammers looking for prey than genuine projects that are truly focused on development. Trading, Airdrop, Bounty, selling skills, and others. This is still quite worth exploring in search of money or crypto. It's just that it was done patiently. unlike before, there are still a lot of legit projects. that can be seen when we do the airdrop.

Indeed, there are many people who show their success without telling about their failures, and without telling how long they worked for it. People who saw it would think that it was an easy and short process. However, trading is something that has high risks. The potential for making profits without a strategy can be very small. Moreover, for people who are just trying it, the chances of them failing are very high. In fact, I, who have been trading for years, still often experience losses.
However, this is not as easy a process as it seems. Maybe there will be failures that must be accepted. However, it might make it easier for you to understand how this works. If you are really sure, then do it until you have adapted to the risks, and get big profits.

I think it's natural for us to tell our children about the investments we make even when they are not yet adults. However, I will do this when he really has an interest in what I do. However, if he doesn't show interest, I might start teaching him when he gets older and starts to understand investing. However, forcing a child too much can also affect the child's psychology. If he still wants to play and learn about general things, I will let him do that and keep control. There is a reason why schools have educational levels. that's because there are limits to how children can absorb what they want to learn.

As far as I'm concerned, at $600, I think BNB is the best. That's because the potential price of BNB could also become very high in the near future. However, since you already own ETH and BNB, I think popular altcoins like SOL, ADA, and MATIC could be your choice. actually XRP is also quite good, but it seems like it will take a long period of time before the price rises.

Yes, social media really has a huge effect. Starting from advertisements or screenshots on social media. People think that it is very easy to take advantage of trading. In addition, many influencers explain trading techniques as if it is very easy, so people do not hesitate to take risks.
I recently came across a case where there was a child who was holding onto his family's money, and he felt that he could increase that money through trading. However, the facts he got were completely beyond his imagination. The money quickly dwindled, and he panicked. Well, he posted on social media that he was also interested in trading because the profit posts really attracted attention. Apart from that, the case described by the OP may also have started out the same. that his friend had no qualms about using all his savings. Well, if he is interested, he should start with a small amount of capital that he can afford to lose.

It seems like these two things are the things that most often make people fail in trading. Even though this is a common thing and is even known to many trading players, it is still one of the main factors that causes someone to experience losses in trading.
However, this needs to be used and forced. Sometimes, we have made a profit from the trading results we have, but because of greed, we persist until we finally miss the opportunity. What's worse is, there are people out there who feel confident they can make a profit from trading without risk, so they use their main money. Well, the thing that needs to be emphasized is that trading is a way of making money that carries risks. So, never use the main money you have.

if it is in the long term, then bitcoin is indeed very suitable in a larger percentage, moreover the potential for price increases is currently still quite large. If it was money that I had, and currently chose to invest long term, then I would probably choose Bitcoin, Ethereum, and BNB. Maybe the percentages are Bitcoin 50%, Ethereum 25%, and BNB 25%.
However, if I were to choose a short-term investment, I would probably choose a popular, cheap altcoin so that the price increase could be higher, and I might be able to make large profits in a short time, but with higher risk.

Well, for now, it looks like we need to do an in-depth analysis so we don't make a mistake in choosing investments. For bitcoin and popular altcoins, it may still be an investment option because for bitcoin and popular altcoins it can be used as a long-term investment. However, I think for other altcoins, analysis needs to be done, because currently there is still a price correction after the bull market occurred. However, choosing an investment without doing research and analysis can result in the wrong investment choice, and perhaps the selected asset can have a lower price and be difficult to increase.

well, if other people can turn hundreds of dollars into thousands of dollars, and thousands of dollars into much more, then that will also apply to people who have little capital. For example, when he started with $10, he could change that to $100, and that would be within the initial criteria you said.
This is not a matter of poor or rich, but of who has the ability, and has the courage to take risks. The difference is, rich people have a lot of capital, so when they fail, they can try again. However, it is not as easy as we say. However, I feel that anyone can try trading as long as they are willing to take risks.

well, however, both are important choices and perhaps every person should have them. However, investment and savings have their respective roles. both of these things need to be present. without one of them, it is very likely that one of them will be disrupted. For example, if we only choose savings, then we must be prepared to face inflation that occurs, and our assets may stop at the amount of our savings. This is quite troublesome when we do not have additional income from investments, because it may decrease quickly if we have an emergency need.
Meanwhile, investing without savings can put the investments we have in a situation where it might be easier for us to sell them. That's because we have no preparation for what lies ahead and only focus on investing. If our investment grows slowly, and our needs exceed the limit, then our investment must be sold. therefore, both are important. I also tend to try to do both.

this is why people prefer to invest in meme coins over other coins. that's because the potential increase is very high, even hundreds of percent in a short time, and the price is also very cheap. So, sometimes people save money they don't use in coins like this hoping that a big rise can occur.
However, the risk is indeed high. But, this often happens when a bull market occurs. However, if you have a lot of money, it's best to choose investments that are clearer, and have lower potential. For a small investment, maybe people will choose meme coin, but if the investment is large, I think people will still choose bitcoin.

Well, I was thinking the same thing. Currently, there are still many popular altcoins that haven't even reached their ATH. I think that there is still very big potential for this to happen in the near future. Based on this, it is still very worth buying popular altcoins, or altcoins that you currently trust. However, research and analysis must still be carried out so that you don't make a mistake in choosing altcoins to invest in. I believe that there are still very many people who aim to increase the value of their portfolio.

well, if you go back in time, before bitcoin had the high price it has today, not many people realized that bitcoin was a big thing. Many people are like you, have bitcoin, and forget about it. Most people in the past were just trying to have one.
However, I'm sorry about this. However, this is a very valuable lesson for us to always pay attention to what we have and take good care of it. Place management is also very necessary. So, I think being patient and continuing to move forward is the wise path to take

Personally, I also believe that. For now, I feel that bitcoin still hasn't peaked, and that's why altcoins haven't gone all the way. Anyway, I'm waiting for the bull run to happen after the halving happens. usually the increase in altcoin prices after that occurs quickly. Although not all altcoins, the bull market usually affects most altcoins. So, I think up to now there hasn't been a significant increase in altcoins, so a really high bull market hasn't happened yet. I will just prepare my portfolio assets for now.

actually it's okay to think that bitcoin can make you rich quickly. However, don't have higher expectations. because it is not an easy thing. Maybe many people see other people's success with bitcoin, and they see it is an easy thing. However, be aware that these people are only showing off their success. Chances are they don't expose the failures they get. Maybe there are some people who really get rich in a short time from bitcoin or altcoins, but I think this is a very rare occurrence. Well, they'll know when they've tried

If you're new to this, and interested in long term investing, I suggest ethereum. In fact, even now I still have a goal to collect as much ethereum as I can. Until now, the price of ethereum is still quite far from its ATH price, and in my experience, the price of ethereum will sometimes reach the ATH when the price of bitcoin really rises high. Well, if it doesn't reach ATH, at least it can reach almost ATH. it can make you profit.
However, there are other options besides ethereum such as popular altcoins. in the long term, I am also interested in BNB, but there is quite a lot of negative news about it. However, I believe the price of BNB can reach $1k in the future. So, I think popular coins are suitable as a start.

Apart from that, the potential for bitcoin prices is still very high at this time. However, they must have bought with sufficient consideration that now is still an opportunity to buy before the halving occurs. In addition, the price of bitcoin reaching a new ATH before the halving was also triggered because people believed in the potential of bitcoin. Right now, there are still a lot of predictions and speculation that the price of bitcoin can still reach a higher price, so I think people who buy the price of bitcoin at the new ATH want to take advantage of the current moment.