What Problems do new investors face when researching cryptocurrencies?

[Pricelessent]

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

[1715223831]

1715223831

[1715223831]

1715223831

[1715223831]

1715223831

[1715223831]

1715223831

[1715223831]

1715223831

[buwaytress]

At first glance, these challenges aren't really that much different from researching non-crypto investment opportunities. Let's look at IPOs, for example, you've got unsolicited investment advice, FUD also exists, IPOs are extremely confusing with relentless fineprint and loopholes.

Which probably reflects the reality people fail to understand: you really do need to arrive at an investment decision after a lot of research and planning.

What's worse, even if you somehow find a project that meets traditional criteria, there's little the crypto investor can do to influence the investment in crypto. You're basically giving your funds and hoping for the best.

I think serious investors face one additional problem with crypto investments: regulation. There isn't a single ICO that is compliant yet, despite what they want you to believe. Because regulations haven't caught up yet. And when it comes to jurisdiction, it's not clear which regulation and which directive applies.

[cydrix]

On how we can identify the good to bad and reliable and unreliable. Only those who have exceptional mind can identify which is which. The problem here is the internet when we click or search for informations all will appear before you is a lot of recommendations that could lead to that and various information we couldn't think of.

[Alone055]

I think the spread of FUDs is the biggest problem for new investors.
A person who wants to join an industry as an investor would probably want no flaws in it, and finding some would surely make him lose confidence a bit, or a lot in some cases. FUDs about cryptocurrencies do the same to new investors. They find a lot of negative news revolving around the whole crypto community, demonstrating a totally falsified form of cryptocurrencies. The investors start thinking that maybe they are getting into something they shouldn't, and that probably is a problem in my opinion for people willing to invest in cryptocurrencies.

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

This forum is all about that. We don't need to make any other place to do the same thing that is being done in this forum already. They just need to find it in order to get the genuine information about every aspect of cryptocurrencies. The information gained from this forum has never been different from what the reality is, and if there are any that are not totally true, they are corrected by others in the forum having more knowledge about that thing.

[xIIImaL]

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

Greediness and choosing the high cost non potential coin investment and fake ICO projects been spreaded everywhere are the big trouble for investors. I know these options are not in the list you gave.
However, these are my personal choice about the investors what they are looking into and fake them.
Very few people only goes with the cheap potential coin and make profit out of it.

[leowonderful]

Most people don’t look extremely deeply into ICOs and one piece of FUD could easily make a possible investor reconsider his/her decision, and it’s not always easy to find out what’s true and what’s false, especially in this day and age (it even happens on these forums all the time, just hop into Altcoin discussion). FUD’s my personal pick for the biggest issue for both investors and those who run ICOs.

[Pricelessent]

On how we can identify the good to bad and reliable and unreliable. Only those who have exceptional mind can identify which is which. The problem here is the internet when we click or search for informations all will appear before you is a lot of recommendations that could lead to that and various information we couldn't think of.

This is very true. Information is so widespread and for new investors looking to profit from crypto, they cannot tell which one is a good investment or not.

Do you think there should be an organized social network, other than bitcointalk, maybe a dapp that can eliminate FUD and false hype to help new investors? And be able to check the portfolios of “influencers” or “accredited investors” to see if they have the credentials to backup the hype/advice they are giving

[Cobalt9317]

This is very true. Information is so widespread and for new investors looking to profit from crypto, they cannot tell which one is a good investment or not.

Do you think there should be an organized social network, other than bitcointalk, maybe a dapp that can eliminate FUD and false hype to help new investors? And be able to check the portfolios of “influencers” or “accredited investors” to see if they have the credentials to backup the hype/advice they are giving

This a very good idea I don't believe it came from a newbie with a 3 post.

Even I doubt to invest in any cryptocurrency even if I knew some of them have a good potential offspring, furthermore I don't know if the information I gathered was a FUD and intended that way.

It is so annoying if you didn't invest at the first place and it turns out your instinct was right in the first place, just like what happen in WAVES.

[khufuking]

I went with Confusing / unhelpful information .  If you go to any Telegrame channel , Reddit subs , big twitter accounts and even in this forum you will find that people will always recommend what they wish will go up so that they can make profit you will hardly find anyone that will recommend what is really good to invest in . this might be on purpose or might be with good well , but the results is the same at the end feeding other people information that you are not sure of or you manipulate some information to serve your purpose  .

[Pricelessent]

Most people don’t look extremely deeply into ICOs and one piece of FUD could easily make a possible investor reconsider his/her decision, and it’s not always easy to find out what’s true and what’s false, especially in this day and age (it even happens on these forums all the time, just hop into Altcoin discussion). FUD’s my personal pick for the biggest issue for both investors and those who run ICOs.

Youre right they do not look too deep into ICOs. But since there are so many popping up everyday, one person will not have the time to dive in and read a bunch of whitepapers and check different team members LinkedIn profiles.

And now they are copytrading platforms, but I think the problem with that is people will give their money to someone and in this volatile market, lose their funds, and hastily back out of an investment. And if your first trade is bad and if it is from an investor you didnt fully trust, you will be reluctant to try that platform again

[Pricelessent]

This is very true. Information is so widespread and for new investors looking to profit from crypto, they cannot tell which one is a good investment or not.

Do you think there should be an organized social network, other than bitcointalk, maybe a dapp that can eliminate FUD and false hype to help new investors? And be able to check the portfolios of “influencers” or “accredited investors” to see if they have the credentials to backup the hype/advice they are giving

This a very good idea I don't believe it came from a newbie with a 3 post.

Even I doubt to invest in any cryptocurrency even if I knew some of them have a good potential offspring, furthermore I don't know if the information I gathered was a FUD and intended that way.

It is so annoying if you didn't invest at the first place and it turns out your instinct was right in the first place, just like what happen in WAVES.

Whether or not you are being sarcastic that it is a good idea, either way thank you 😊

[leowonderful]

Most people don’t look extremely deeply into ICOs and one piece of FUD could easily make a possible investor reconsider his/her decision, and it’s not always easy to find out what’s true and what’s false, especially in this day and age (it even happens on these forums all the time, just hop into Altcoin discussion). FUD’s my personal pick for the biggest issue for both investors and those who run ICOs.

Youre right they do not look too deep into ICOs. But since there are so many popping up everyday, one person will not have the time to dive in and read a bunch of whitepapers and check different team members LinkedIn profiles.

And now they are copytrading platforms, but I think the problem with that is people will give their money to someone and in this volatile market, lose their funds, and hastily back out of an investment. And if your first trade is bad and if it is from an investor you didnt fully trust, you will be reluctant to try that platform again

At the same time, those who only do two seconds of research really do deserve to get burned. There's still an influx of uninformed and misguided investors in Crypto, and it's important those people understand Crypto isn't just a money grab. Even I don't fully read whitepapers as I don't have the time to do so, but taking a quick peek and skimming through is sufficient most of the time.

[Aikidoka]

I do believe that if you sit down and have your full time researching about the cryptocurrency you want to invest in and with a help of many experts, articles (even though you should not fully trust them), you will manage to come up with a good decision in the end.

Investing in a new cryptocurrency is risky and you might feel unlucky eventually. Therefore, I think that the other problem of investors is trying to come up with a decision on whether to invest or not.

[Pricelessent]

I do believe that if you sit down and have your full time researching about the cryptocurrency you want to invest in and with a help of many experts, articles (even though you should not fully trust them), you will manage to come up with a good decision in the end.

Investing in a new cryptocurrency is risky and you might feel unlucky eventually. Therefore, I think that the other problem of investors is trying to come up with a decision on whether to invest or not.

Yes you can come to a conclusion after persistent research, but there are just so many to look at! And what if there was a place you can fully trust the information you are receiving. A more organized social network for crypto investors. But at the same time not like these copytrade platforms with wallets built in, but a positive community (like bitcointalk of course) where you can check the portfolio and credentials of someone before taking their advice.

[rey.fudz15]

My choice will go to confusing/unhelpful information and other ( lack of information of the past prices).
that confusing/unhelpful information has been explained by some here so i'd like to take the chance to explain why lack of information regarding past prices becomes a problem for new investors.
usually there are people that rides the bandwagon hype and if a close friend of them telling that "this is a good investment" they usually buy it without even researching, i know some people personally bought a lot of coins during ATHs so they are holding their coins very hard now since the market has been far from ATH.

[Pricelessent]

My choice will go to confusing/unhelpful information and other ( lack of information of the past prices).
that confusing/unhelpful information has been explained by some here so i'd like to take the chance to explain why lack of information regarding past prices becomes a problem for new investors.
usually there are people that rides the bandwagon hype and if a close friend of them telling that "this is a good investment" they usually buy it without even researching, i know some people personally bought a lot of coins during ATHs so they are holding their coins very hard now since the market has been far from ATH.

This is true, but do you think that can be attributed to taking advice from the wrong person? Because the market is so volatile it will go up and down easily.

So if you got advice from someone that SHOWED you they had a diversified portfolio, with up to date earnings, you could make a better decision?

[mobnepal]

There are actually lots of ICO popping up everyday and also there are many tokens which has already gone through ICO but finding it hard to get real pump after listing.

Management of both of these tokens will try to spread hype over their token through paid media or by convincing few influential speaker. And newbie investor tries to follow that hype and start to loss both his/her investment and trust over crypto investment. There are no any media outlets that post true information around crypto specially about ICO. All ICO review sites do paid review and information sources are not properly organized.

[Pricelessent]

There are actually lots of ICO popping up everyday and also there are many tokens which has already gone through ICO but finding it hard to get real pump after listing.

Management of both of these tokens will try to spread hype over their token through paid media or by convincing few influential speaker. And newbie investor tries to follow that hype and start to loss both his/her investment and trust over crypto investment. There are no any media outlets that post true information around crypto specially about ICO. All ICO review sites do paid review and information sources are not properly organized.

Great point, who is really promoting the coins because they believe in the product and not just doing it to pump and dump. We need to come together and find communities that HODL the same coins as each other and eliminate spam of FUD. A social network with a reputation score to build social trust will help.

[pinkflower]

One of the biggest problems is theres too much junk information anout cryptocurrencies floating around the internet, and it downs out the authentic information.

Go to the altcoin subforum and see what I mean. 90% of threads created there for the last 6 months are junk.

[Pricelessent]

One of the biggest problems is theres too much junk information anout cryptocurrencies floating around the internet, and it downs out the authentic information.

Go to the altcoin subforum and see what I mean. 90% of threads created there for the last 6 months are junk.

Yes, there should be a way to eliminate spam.