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Author Topic: A lot of newbies buying the wrong coin. Be carefull!  (Read 2612 times)
cemburu
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April 10, 2018, 03:54:26 AM
 #161

Of course, I agree with the information you share.
For beginners, researching a thing in bitcoin is a matter of time and a lot of science.
The development of (Bitcoin Cash alias BCH) and (Bitcoin Core alias BTC) is clearly different.
All must be studied in depth, so we are not wrong in determining decisions related to bitcoin.
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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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April 10, 2018, 05:00:50 PM
 #162

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April 13, 2018, 11:58:20 AM
 #163

In fact I will be even more extreme : There is no Bitcoin any more and/or  there is no Bitcoin yet.

With some marginal exceptions  no type of Bitcoin is actually used as a coin nowadays, but just as a store of value. People don't buy them because they need them to buy something, but because they expect that they will rise in value. They are all now just assets, not coins.

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April 13, 2018, 12:02:07 PM
 #164

They buy wrong coin because they don't have enough about coin, especially new coin. I'm newbie too, but when I wanna make decision to buy or 'execute' about coin, I ask first to my friend who more know and many knowledge about coin.
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April 14, 2018, 03:18:10 AM
 #165

There a lot of forked coin from bitcoin, go to wikipedia and type bitcoin fork. All kind of bitcoin fork will show up such as bitcoincash, bitcoin diamond, bitcoin gold etc. They can chose whatever coin they want to invest, every body got their own mind about it, and if that fork really improve something such as reduce fee and make faster transaction there no time to wory about wich one is real.

As a newbies you should do a reaserch first before you are planning to buy some coins for your investment. Because it serves you as a guide to choose the right coins. The reasons why some newbies are picked the wrong coins because they don't have enough knowledges an idea what is the right coins to choose.
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April 14, 2018, 04:51:04 AM
 #166

indeed it often happens to a beginner because they still do not know the potential of the altcoin they will buy or have bought, so I suggest for a beginner we must learn to analyze altcoin.
maybe with the incident they are wrong in buying a coin for as an investment asset, it will be a learning process for them to not do the same again. and that will make it more experienced

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April 14, 2018, 05:09:38 AM
 #167

The question is who can know which one is correct. People always think in accordance with their own innate thinking, instead of actually seeing the essence of the problem, so they make the decision that they think is correct and the reality is wrong. Only when they encounter difficulties will they come back to correct them.
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April 14, 2018, 05:14:18 AM
 #168

indeed it often happens to a beginner because they still do not know the potential of the altcoin they will buy or have bought, so I suggest for a beginner we must learn to analyze altcoin.
Most of beginner put their money into something randomly without analyzing whether the project they will invest is worthy or not, where on the other hand experts tend to do analyze first before making decision and do some actions.
Especially in the case where all those newbies are lured by scammers to invest into a fake coin ended up losing miserably, the point to avoid this is to tell them to learn first, but guess they won't believe.

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whirlcoin
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April 14, 2018, 05:18:34 AM
 #169

I don't think lot of newbie were bought bitcoin cash instead of bitcoin because there is difference in the prices so they can identify them easily and I wonders some people investing on the cryotocurrency even don't know its name because ofnthe greediness.But I never suggest anyone to invest on bitcoin cash because it is just a forked free coin.
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April 14, 2018, 06:09:31 AM
 #170

It is not mandatory, but I try to keep my capital at least in a few cryptos. Since coin prices change every day -- some rise, others descend, and it's wiser to have differentiated investments.
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April 16, 2018, 05:40:05 AM
 #171

thank you for giving such information. I just wanted to buy myself some coins and did not know what to choose. more such useful information =)
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April 16, 2018, 06:16:19 AM
 #172

As they say, forewarned means armed. Before investing newcomers should consider all the nuances of the coin. But even this does not give them the hope that they will eventually get a good profit. He learns from mistakes, and everyone most likely went through it.

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April 16, 2018, 06:19:34 AM
 #173

I think that you need to buy TOP 12 all the other coins do not know what will happen to them and the top will always be in the top
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April 16, 2018, 12:04:24 PM
 #174

indeed it often happens to a beginner because they still do not know the potential of the altcoin they will buy or have bought, so I suggest for a beginner we must learn to analyze altcoin.
Most of beginner put their money into something randomly without analyzing whether the project they will invest is worthy or not, where on the other hand experts tend to do analyze first before making decision and do some actions.
Especially in the case where all those newbies are lured by scammers to invest into a fake coin ended up losing miserably, the point to avoid this is to tell them to learn first, but guess they won't believe.
A lot of newbies are buying so many coins in a wrong way,
why is this happening? well, most newbies are riding the HYPE of cryptocurrency and every news on social media are a big factor to them.
this results in losing money! after they bought the coin with the hype, most holders are dumping the coins and then once that happen new comers (newbie) are left holding the coin with the very low amount.
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April 18, 2018, 01:41:37 PM
 #175

indeed it often happens to a beginner because they still do not know the potential of the altcoin they will buy or have bought, so I suggest for a beginner we must learn to analyze altcoin.
Most of beginner put their money into something randomly without analyzing whether the project they will invest is worthy or not, where on the other hand experts tend to do analyze first before making decision and do some actions.
Especially in the case where all those newbies are lured by scammers to invest into a fake coin ended up losing miserably, the point to avoid this is to tell them to learn first, but guess they won't believe.
A lot of newbies are buying so many coins in a wrong way,
why is this happening? well, most newbies are riding the HYPE of cryptocurrency and every news on social media are a big factor to them.
this results in losing money! after they bought the coin with the hype, most holders are dumping the coins and then once that happen new comers (newbie) are left holding the coin with the very low amount.
Yes, better to look a coin that has a potential to gain enormous profit. To avoid losses we can observed the ICO projects and determine what they devoloped or produce. Before buying some coin you can collect or gather information in the forum and study the technology in what coin has a bigger exchange.

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April 20, 2018, 12:01:35 AM
 #176

Definitely do you research before investing.  I like airdrops and bounties.  Risk free way to evaluate ico’s besides perhaps giving them an email location to dump to.  One that i found recently is Marinecoín.  Their ico is slated to last a long time.  They are using time dilution technology to distribute 9 billion .MTC..  The artificial intelligence engine is managing the ico.  Each time an assigned marketing task is completed automatically collect 20,000 .MTC..  Great way to collect lots of coins at no risk.  The platform is designed for iot and machine to machine transactions.  Fast speeds and zero fees position .MTC. well for the iot industry.  Fair distribution will form a strong dedicated community.  Check it out here   
Not just buying the wrong coins, they also join the wrong icos that similar to hyip program and ponzi scheme. I think in this new age and era, we have to be smart enough and good enough to know which one is a scam and which one is real one. I honestly do not know and do not understand, how can people can still be fooled by many scam sh*t. But I do not want to called them stupid or some thing like that, I do not want to be some coocky or smartass either. I just want people to realize and learn before investing. Not just following some trends and do blind invest. Please people, there is not easy way and fast way to get success and rich.
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April 20, 2018, 12:07:51 AM
 #177

Yes it is necessary to study at first the cryptoworld, then to begin to buy coins. It will exclude mistakes and loss of means. Little-known coins can bring a large income, but also risks it is more there.
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April 20, 2018, 02:27:22 AM
 #178

They do not know anything about coins yet, so they are wrongfully buying or scam their purchased coins. so you really need to ask questions first. So, I have to admit I use to be a broker awhile ago I got out of the markets 2 months before 2008 sept crash. I haven’t traded anything since then, I been too busy traveling around the world for so many years to even bother looking at shares as I have been busy focusing on healing myself and healing and helping others and homeless animals.

It means that investment is not easy thing. We need to be much knowledgeable and aware to this system therefore we can choose what is right and better. This will gives a lesson to all newbies here. It always says that don't ever undergo in one thing that you don't know exactly what it is and how it is because it will lead you to go in a crick. So it is better that do summarization first and study about anything that connected to your perspective investment for you to avoid any losses.
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April 21, 2018, 05:53:08 PM
 #179

Of course it's one's own responsibility buying altcoins without any knowledge or experience. Hopefully they learn from it when they've bought the wrong altcoins and hopefully it's not an expensive lesson.
The reason why most newbies are choosing BTC over BCH is because they see the current value of the two and from that they make their decision and also because BTC is very popular thats what drives most of the people into investing into that coin.
The reason why most newbies are choosing BTC over BCH is because they see the current value of the two and from that they make their decision and also because BTC is very popular thats what drives most of the people into investing into that coin.[/quote]

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April 22, 2018, 01:55:07 AM
 #180

worth the attention and remember, especially for the newbie. because now a lot of new coins and also a new token. we don't know for sure the future prospects of the coin. okay if our analisys states that the coin can go up and become a good prospect. but when the market plummets like this, even new coins can disappear. to find safe, better buy big coins, such as bitcoin or etherum, although in small numbers.
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