Newbies - DYOR first before investing! Do not rush.

[Ayuluv2001]

When I am fairly new to cryptocurrency many months ago, I only heard about Bitcoin & Ethereum. At that point of time Bitcoin is about USD 4k USD while Ethereum should be about USD 200-300. I did not invest because I feel that there is no room for profit.
 
After which my colleague shared with me about Ripple and that time was about USD 0.07. I ponder too much and missed out the chance. Eventually could not even catch the wave when it hits USD 3+.

During that time, I somehow regret on the incidents that happened. And slowly I came to know about this forum where awesome people share their experiences. Of course, there are about 1500-1600 coins and there is no way for a newbie like me to know every single one of them and which to invest. Hence I only listened to what my friend told me and made the first step of investments in some altcoins.

Over the time I realized that it is not enough for me to just keep listening to my friend for advise as I need to know more. That is when I started my journey here. Started alot of reading, asking alot of questions as well as doing alot of bounties and some minor mining.

I stop investing anymore at that point of time because I do not know is my entry point correct. I know the logic of Buy Low Sell High but when is low and when is high?

Long story short, I began to know what type of project should I look out for especially under valued coins with huge potential of gain ever since i saw the growth of Verge.

I want project that has huge potential growth in terms of ROI %.

I thought Litecoin Cash was low enough when it was about USD 0.13 at Yobit but it went lower now.

I thought EOS is going to moon very soon due to mainnet event and got it at USD 2x

There are some others which I got in at a moderate price which is still not that bad like NEO, Tron

Right now majority of my portfolio are in the red but looking at the positive side, even I got them pretty high compared to the current price, they really do have rooms to grow. I do not regret and I really appreciate the people here helping me out during those times when I am still very very new.

At least for me now, it is a learning lesson.

I have one very potential project on hand which I have very high expectation on it which can achieve my dreams (hopefully). That is because I dig alot of threads to look for information and hence happen to hit onto it.

Hence doing research is still very important and today, I am still learning (every single day) on the coins and tokens potential as well as entry level price.

I had missed Pundi X and Banca as well (for being slow)

But I will not give up and keep scouting for new potential project at undervalued pricing.

Am still learning now when I wrote this.

Hope my humble story is able to help newbie whom are looking to serious investing in cryptocurrencies.

TLDR : Do not rush in your investments. Do alot of reading and research especially from this library. You are never too late in crypto!

Meanwhile if any newbies are interested in finding a good bounty managers for your bounty journey if you do not feel ready to invest in cryto first, feel free to check this link which I had done up some time ago.

https://bitcointalk.org/index.php?topic=3216052.msg33429785#msg33429785

[ummart66]

It's easy to feel overwhelmed or even frustrated when just starting out. Buying a coin but seeing others moon. Or buying a coin and watching the price drop drastically. It's always frustrating when you look at the top gainers/losers in coinmarket cap and some terrible unheard of coin has gone 200% in the past day, while your 'obviously good' coin is going down.

Unfortunately, the market is really no place for emotions. You need to look at it completely emotionless in order to succeed now. I think the days are gone where you can put in $1000 into some fairly well-known coin (like ripple) and end up being rich. People need to be willing to do their own research, spend time looking over the coin and their team. Come up with their own ideas. In the end it's your money. It's obviously a lot harder said than done, and I am also currently holding onto coins which have lost a lot of value but I still believe in them. As time goes on, my connection to the coins get less and less, and I hope that as I get more experienced I'd be able to just sell coins when I think the time is right, instead of just holding for a long time and hoping it pays off.

You have to understand though, that if you're reading about a coin it's a post by someone that has something to gain by telling you. You need to look further into it and decide whether or not it's worth your money to invest in it, or it's just some guy trying to dump his coins when the price rises a little bit.

As time goes on people's strategies may change drastically. Not every trade is going to be a great one for you. You will make bad trades, it's guaranteed. You just have to learn from the experience and try to make better trades in the future.

[DarkBullet]

DYOR is always one of the safest rule to protect your funds against huge lose. It also is advisable to read some investors or traders opinion to an altcoin you wanted to invest in to broaden your knowledge when to enter grabing those alts. Always set a stop loss or sell point to maximize your gains or minimize the risk.

[Ciucas]

The thing is that you can't predict all the coins that are going to do a big rally, because there are so many coins available in the crypto market. So don't be dissapointed if you will miss this coins. Just try to make research on a couple of coins everyday, and invest in the coins that have the biggest potential for growth.

[xIIImaL]

The thing is that you can't predict all the coins that are going to do a big rally, because there are so many coins available in the crypto market. So don't be dissapointed if you will miss this coins. Just try to make research on a couple of coins everyday, and invest in the coins that have the biggest potential for growth.

You are correct mate, we cannot take all the ICO projects as like that and investing on the non potential altcoins also will not work at all.
If you looking for the profit for short term profit check the cheap and potential altcoins in the market.

If you wait for long time means also you will not get the profit it at all bro. So please check on that too and invest soon.

[Noobaru]

Research is important, yes, since you could quickly end up losing everything. But if you do thorough homework about potential candidates for mooning or at least x2-x5 gains, then you can earn some profit. Still, it is hard to be sure, you just can't. But in my opinion it's better than to go to the casino and play roulette, because in crypto ICO investing or buying tokens on market, IF you do your research, YOU have the edge of way over 50% and not the house. So, if you have assets at disposal, magic can be done.

[JaekRock]

Good advice...best of luck to you.  I didn't enter crypto until Feb of this year, so I missed all the fun of last year, but there's a lot left to write of this story...this space is the wild west right now and there are going to be some serious winners down the stretch.  A lot of losers too.  Pick a great team, great community, great use case, established partners/backing, and see where it goes.  Don't invest more than you can stand to lose completely.

[linkHA]

This is a great experience, most people just want to crypto money market to maximize profits, however they do not do research, it is a very dangerous thing, to do more research, then you will make money.

[Ayuluv2001]

Yes I had to agree that we could not really predict which one will moon but we can short list to prevent investing in the  "wrong" coins or tokens by experience and alot of research.

Together with buy low theory or rather when the coin just started (can be wrong too) it can be minimized

[Ayuluv2001]

Another thing is that right now I will look seriously into the ecosystem of the coins that has real life usage and also, has a reason for people or new investors to pay higher price in the later stage.

I know it is hard to find this type of coin but if found, its a potential "fly me to the moon" coin!

[almanPeter]

it is always hard at the beginning but the community will always help you to find some worthy project to invest in

 If u are interested in investing money you have to invest in the project which is worth investing in. Socratus is all about it. I suppose It’s the best project in this sphere so far. It is an insurance ecosystem which provides a digital platform with instant claim payment products for insurance companies. Good to know that it is designed to help insurance companies to save their money and get their business on a new level. I can strongly recommend it.

[kier010]

knowledge is important and through research we can learn it. we must not stop researching even though we learn a lot. rushing can lead to losing your money. be always patient of what you do.