The wrong mindset of a newbie looking for wealth in the crypto market

[Gabb]

Perhaps their main mistake is to suppose that they can make a lot of money without knowledge, without experience and even without investment, although that would imply that this market is designed for lazy people looking for becoming millionaires without any merit.

But according to my experience, it is not enough just with the impetus and the desire to earn a lot of money to achieve it; It is necessary to learn the basics of what this business entails, to practice the trading bases and to be continuously informed of what is happening in the market, because in this crypto-universe things happen so quickly that it is necessary to always be one step ahead of the others, observing where things are going to anticipate the movements of the market.

Only then can newbies aspire to earn enough in trading to achieve economic success.

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[hubballi]

Perhaps their main mistake is to suppose that they can make a lot of money without knowledge, without experience and even without investment, although that would imply that this market is designed for lazy people looking for becoming millionaires without any merit.

But according to my experience, it is not enough just with the impetus and the desire to earn a lot of money to achieve it; It is necessary to learn the basics of what this business entails, to practice the trading bases and to be continuously informed of what is happening in the market, because in this crypto-universe things happen so quickly that it is necessary to always be one step ahead of the others, observing where things are going to anticipate the movements of the market.

Only then can newbies aspire to earn enough in trading to achieve economic success.

This is true that before joining any investment option, first you should know about it, how it works. Because when you are going to start a investment option then before it you should own about it, that how it is working and how much risk is their in it. As without getting full detail about any investment and you invest then it will become zero due to it.

[mojo2208]

as they say, who is looking for, he always finds. The problem of newcomers is that they can not decide what to do. For example: trade or investment

[PsylockReborn]

Perhaps their main mistake is to suppose that they can make a lot of money without knowledge, without experience and even without investment, although that would imply that this market is designed for lazy people looking for becoming millionaires without any merit.

Since you are talking about newbies, it will all start with nothing. A newbie is still on the verge of trying to understand the nature of crypto. As much as possible he will try to get crypto for free like doing faucets without knowing that it's just a waste of time. It's just normal since he lack knowledge about how to earn them. Each and everyone of us is a newbie when we all started diving into crypto space. As time goes by knowledge will eventually sink in and that newbie will soon learn that in order for us to profit more is to invest or risk money that we can afford to lose.

I don't agree with your statement about crypto market is designed for lazy people. I do believe that every individual who is into crypto space are not lazy people. They are the smart ones since they found a way to embrace the future of technology and at the same time earning additional income. 

[jpnl0008]

i suppose the newbies should be properly oriented about the blockchain technology and should have a rethink about their drive towards the technology as it is not just to make someone enriched but also to make some feel the solution that can be offered to challenges and also creating a platform for people to develop upon.

[tunapa]

the simple truth i have learned in life is that there is no shortcut to riches that last long. this applies to all spheres of life. if you want any long lasting success, riches, then you have to work for it, pay for it and earn it. this is also in crypto. no shortcut. lts just about learning and earning. you will learn to earn.

[Axelseseclevz]

Perhaps their main mistake is to suppose that they can make a lot of money without knowledge, without experience and even without investment, although that would imply that this market is designed for lazy people looking for becoming millionaires without any merit.

But according to my experience, it is not enough just with the impetus and the desire to earn a lot of money to achieve it; It is necessary to learn the basics of what this business entails, to practice the trading bases and to be continuously informed of what is happening in the market, because in this crypto-universe things happen so quickly that it is necessary to always be one step ahead of the others, observing where things are going to anticipate the movements of the market.

Only then can newbies aspire to earn enough in trading to achieve economic success.

You well said. There is nothing wrong to dream high but we should think how we can achieve our goals and dreams if we don't have enough knowledge about what we are doing. Engaging in cryptocurrency is not easy,you should learn how to use it and you should have capital investment.

[tonyosa]

It is a common  mistake most new comers make, that you could turn into a millionaire over night, the end is that most get disapointed when it doesnt happen that way

[carter34]

Those and more reasons are why the newbies make mistake too because they make investment mistakes. They invest wrongly on already listed shit coin because it is cheap, they wouldn't watch very well be hastly enter into a buy.

[Blessing97]

I laugh when I see newbies rushing into the crypto space hoping to make tons of cash and become millionaires overnight without doing their due diligence of research and trying to understand the basic and underlying principles of cryptocurrencies. These are mostly the ones that end up losing their cash overnight too.

[Supremacy1]

Their hands normally get burnt , because they will trade cryptocurrency with ponzi mindset and it will really makes them loss instead of learning the basic first

[ambisyon]

Yes,  I agree with OP wherein many of newbies reallh wanted to earn profit despite the lack of knowledge they had and directly involved themselves which I believe is not the right mind set. To be able to become successful in you're goal in the crypto world,  as new to this field,  knowledge is very important factor that you should consider and change the mind set.  Study and learn more about cryptocurrency since this is the best way to meet the goal.

[Temujhin]

Yes, most newcomers to their newcomers only think that this cryptocurrency can get rich and get a lot of profit in a short time, but they don't know what crypto basis to do if they want to become a millionaire, because they don't know the actual progress of blockchain technology.
So at least beginners must know and explore the world of crypto as much as they really do, if indeed they want to invest correctly

[richminded]

Newbies only focus on making money and they easily listened to anyone in this market which is really not good in the long term. They should also understand the whole concept of this market and how they can earn more without askingn anyone. Knowledge is important in any aspects of our life, we should know that.

[Cryptoworld4]

All the newbies in cryptocurrency really have a lot to earn before thinking of making the real money in cryptocurrency. To be a good Crypto trader you must learn the basis.

[hirngespenst]

This is bitter truth for the crypto community. Most of the newbies are coming here to earn money, to be a millionaire. They don't have any proper knowledge except Airdrop and bounty. They spend their day, months behind earning money from the crypto but they don't want to learn anything. I know some newbies around me, they don't listen to me, they replied why I should learn crypto, not now, will later and so on! This is a bad impact for the crypto community!

[kotajikikox]

Perhaps their main mistake is to suppose that they can make a lot of money without knowledge, without experience and even without investment, although that would imply that this market is designed for lazy people looking for becoming millionaires without any merit.

Hahaha it's funy how they can get earn without anything start from knowledge and assuming they can huge profits without investment how? Impossible mindset


But according to my experience, it is not enough just with the impetus and the desire to earn a lot of money to achieve it; It is necessary to learn the basics of what this business entails, to practice the trading bases and to be continuously informed of what is happening in the market, because in this crypto-universe things happen so quickly that it is necessary to always be one step ahead of the others, observing where things are going to anticipate the movements of the market.

Only then can newbies aspire to earn enough in trading to achieve economic success.
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So how can start trading without knowledge and how can start trading without investing specially how to get success without anything theory about cryptocurrency, nothing easy in this world we need to give effort and time to got success.

[norachuks]

That is why we really need to educate our friends very well before they start trading not just telling them " buy you will make huge profit when the market is up.

[gentlemand]

I'm consistently amazed at how many people seem to assume they're going to triumph day trading. Hardly anyone does.

What a noob needs more than anything is patience and belief. If you sit there long enough you'll do OK in the end if you start off choosing wisely.

[gowobonyok]

most of them also always quickly believe in faucet sites that provide large profits with deposits first, but ultimately it's a scam. they lack experience and knowledge and only desire to get big results.