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Author Topic: A lot of newbies buying the wrong coin. Be carefull!  (Read 2612 times)
mariaana
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February 09, 2018, 04:02:32 AM
 #81

Everyone of us pass the stage of being a newbie.  We always learn through our mistakes that make us stronger and knowledgeable.  Even how much I read and be conservative in my choices of buying coins, I always found out new problems that lead me to wrong speculations.  You have your own evaluation and I know some people will appreciate that but the crypt world is very complicated.  It is good to be always on the safe side but sometimes we have to take a chance because finding good investment is always a risk.
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maxamus
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February 09, 2018, 04:13:35 AM
 #82

Bitcoins are rising. They see huge profits on it so most people choose it. I think so

Yes definitely bitcoin will be raising again much sooner than the expected time and Fi ally there will be happy days for all the investors and newbies who have invested right before the dump.

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February 09, 2018, 05:21:10 AM
 #83

Bitcoins are rising. They see huge profits on it so most people choose it. I think so

Bitcoin is forever and it is not affordable for everyone but nowadays newcomers are carried away by ICO and new coins like dogecoin and end up investing there.

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February 09, 2018, 05:50:18 AM
 #84

they buy coin base on the signal and market trend. they have zero understanding of cryptocurrency when they lost their investment they will run back to bitcointalk explaining to us why bitcoin is a Ponzi scheme.
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February 09, 2018, 07:32:14 AM
 #85

That comparison is made in favor of Bcash, it's just propaganda.
Your comparison doesn't even mention SegWit, which is a big advantage of Bitcoin, it allows Lightning transactions on the mainnet.
A stable lighting implementation for Bitcoin Core will make all altcoins unnecessary, including your Bcash.
Lightning transactions offchain, not on the mainet. Watch the video and repply me again after doing this https://www.youtube.com/watch?v=k14EDcB-DcE
Segwit makes 0 confirm transactions (faster than LN) unsecure, how is this an advantage?

LN will never work, is too difficult and expensive to open and close lightning channels.
Just nerds will understand the basic setup steps of the LN :

PS: BCash is a fork of ZCash (https://medium.com/@freetrade68/announcing-bcash-8b938329eaeb), I was talking about Bitcoin (Cash) this kind of uninformed comments just make the enviroment more confusing to the newbies.


There are so many Bitcoin forks that it is difficult not to make any mistake even for a very experienced person. Actually be very attentive and do not be ever in a hurry when you invest some money into crypto.
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February 10, 2018, 09:36:23 PM
 #86

This is true, we that are newbie must seek advice from our senior colleagues before investing in any coin or ICO. There are some new coins offering ICO, before you know it, they would have varnished from market. I have a friend who a wealth of ideals and experience in crypto investment.  He is the one I consult whenever I want to by coin, he has been a great help for me. Newbie, invest in the coins that have already been established in the market.
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February 10, 2018, 09:38:15 PM
 #87

At August 8, 2017  Bitcoin forked. Now there are two "bitcoins" but just one is what Bitcoin used to be (Bitcoin Cash aka BCH) while the other one is just digital lead (Bitcoin Core aka BTC).




reddit.com/r/btc

If you want to learn more about Bitcoin just follow @Bitcoin on twitter Wink

LOL, the good thing about this is that there is not really a wrong coin. All of them are quite interesting and have good profit expectatives, so even if they miss, they may have a good result.

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February 10, 2018, 09:39:36 PM
 #88

This is true, we that are newbie must seek advice from our senior colleagues before investing in any coin or ICO. There are some new coins offering ICO, before you know it, they would have varnished from market. I have a friend who a wealth of ideals and experience in crypto investment.  He is the one I consult whenever I want to by coin, he has been a great help for me. Newbie, invest in the coins that have already been established in the market.

 You should listen to seniors sure, but be very aware that no one can do your research for you, and that in crypto no one is to be trusted. Just know that your errors at the end are only yours.

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crzy
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February 10, 2018, 09:39:52 PM
 #89

Bitcoins are rising. They see huge profits on it so most people choose it. I think so

Some of the newbies still buying shit coins and I think they will face some losses if they keep on doing that. Newbies should not just think about making money, they should also invest for their learning because that's the only thing that can guide them in this kind of market.
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February 10, 2018, 09:48:36 PM
 #90

even people who have been long in trading activities sometime can't decide what good coins to buy, i think it is commonly for newbies and it is good for them. because they can learn something from their mistake

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February 10, 2018, 09:49:13 PM
 #91

we can't forget that most exchanges used btc as a measure of buying and so it depends on how long that lasts. so far only eth is the other alternative on exchanges and that too on binance. this probably makes btc more attractive for newbies.
albertcrypto110
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February 10, 2018, 09:54:30 PM
 #92

This is good info. I think you shouldn't buy if you don't understand crypto. Learn first and then buy.Newbie must study everything about the coin and should be equip with the right information so you will not loose money in the future. Your knowledge is your best power to use for in this risky market even you invest on bitcoin you still need to study further.
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February 10, 2018, 09:54:50 PM
 #93

Getting advice or information from those that have experience in crypto investment will reduce this to the nearest minimum. Also, buying coins that have already been established in the market will go a long way in helping us.
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February 10, 2018, 10:06:19 PM
 #94

if ppl can efford being not informed they defentitly can efford buying scum coin
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February 10, 2018, 10:10:08 PM
 #95

even people who have been long in trading activities sometime can't decide what good coins to buy, i think it is commonly for newbies and it is good for them. because they can learn something from their mistake


A common mistake for newbies is that, they keep on investing even though they have zero knowledge on that specific coin, and the result is loss. Newbie should be more careful on choosing coins to invest, its hard to do so and better to study first before making decision.
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February 10, 2018, 10:57:55 PM
 #96

Quote

A common mistake for newbies is that, they keep on investing even though they have zero knowledge on that specific coin, and the result is loss. Newbie should be more careful on choosing coins to invest, its hard to do so and better to study first before making decision.

Indeed. Most newbies knows nothing about crypto and they buy coins which are crap and made by greedy developers who pump and dump coins on innocent buyers.

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February 10, 2018, 11:08:01 PM
 #97

Just because they didnt much understand what is cryptocurrency and didnt know how or what is the real and not scam coins because in their mindset they want to earn and earn but they didn't know what is the right coin to buy so the best thing those newbie was more research and read for the additional knowledge in cryptocurrency and some of them was victim of scam.
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February 18, 2018, 01:59:47 PM
 #98

The reason to be careful ıs twofold. One ıs that amateurs enterıng to ınvest ın the cryptomarket are not gaınıng enough knowledge of how the cryptocurrency market operates. The second reason ıs that the cryptocurrency fırms are takıng advantage of thıs fact and launchıng a lot of scams to steal from such amateurs.
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March 03, 2018, 03:07:58 PM
 #99

I bought the BTC, and now I'm a little sorry. It is better to buy other currencies, more promising. Of course, bitcoin will always be on top, it's unlikely that something will turn out to make money on it.
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March 03, 2018, 03:10:24 PM
 #100

A lot of newbies are also investing the wrong (scammy) ICOs and I think the cause of this is not doing enough research and not having enough theoretical knowledge.

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