Knowledge is needed

[GmBoom]

When you are still a newbie to this cryptocurrency world, it is better to take action and study the flow of its ecosystem and be prepared when you make an investment to avoid a profit loss. Don't make drastic move that you didn't prepare to it. Always make your own research first.

[passwordnow]

That's why they keep on saying DYOR = Do your own research.

But newbies today are different, unlike before we've been looking for the appropriate answers to our questions that comes out of curiosity. Now people are only curious on how to become rich overnight.

[Ranly123]

That's why they keep on saying DYOR = Do your own research.

But newbies today are different, unlike before we've been looking for the appropriate answers to our questions that comes out of curiosity. Now people are only curious on how to become rich overnight.

That's right, newbies want to be rich in an instant but that is not the correct mindset when you are a newbie. They should think of a way to learn more about crypto and apply it in their decisions to what they are going to do in cryptocurrency, be it trading or mining and even doing bounty hunting.

[xuv500]

That's why they keep on saying DYOR = Do your own research.

But newbies today are different, unlike before we've been looking for the appropriate answers to our questions that comes out of curiosity. Now people are only curious on how to become rich overnight.

Yes you are right people want to become rich in a real quick time they don't even research about the coin where they invest like few invest in ICO's without checking their previous projects and say they were scammed and they lost money.

[proTECH77]

Don't make drastic move that you didn't prepare to it. Always make your own research first.

Before i make any move in this crypto-industry there are some major options, that, i must weigh before i take any action to avoid looses. Example, going into trading with the mindset of either i loos or gain and also haven adequate knowledge of that trade. Knowledge is the key power to success, so, get knowledge and get success!!.

[cryptogeek101]

When you are still a newbie to this cryptocurrency world, it is better to take action and study the flow of its ecosystem and be prepared when you make an investment to avoid a profit loss. Don't make drastic move that you didn't prepare to it. Always make your own research first.

I think it's very necessary to study properly and gain more sound knowledge in cryptocurrency and the blockchain technology because they say knowledge is power,before you invest in any crypto project you should be able to carry a due diligent search by reading project whitepapers to ascertain the validity of any project.

[PortlandTrailBlazers]

Yeah you're right. Knowledge in this area is very important. Once you have mastered the knowledge of the market, how the coins work, you will easily think of ways to make money here. There are great new hires for newbies, when they have not had the experience, knowledge is incomplete

[baghdatis1990]

      I do not necessarily agree with that. Beginners do not necessarily want to enrich themselves overnight. Beginners want to find good, viable bounty projects, because there are many SCAM projects on the market. It is true that if you participate in a SCAM project campaign, it is normal to be tempted to quit. As well as the research of the projects, they are no longer so valuable. I recently participated in a project that I thought of the future and no more than 5 months ago, so far I have not received the reward of my work.

[kingzpro]

Very true and sometimes even after your research and due diligence still you make a loss i think then we should not blame ourself because we did our best and not everything is in our control.

[tomahawk9]

There's nothing more important than knowing what you're getting yourself into before investing in the crypto market. Not only you will avoid getting losses in the long run, but you will be able to gather the tools and info about the crypto market movements so you can be one step ahead of any movement that might be on its way. Skills are necessary, but like OP says, knowledge is way more important if you want to make profits in this this market.

[pazzanegro]

Knowledge is the most important thing to successfully proceed in crypto, in any fields. Thats why newbies and amateurs are making mistakes and loosing money or time. But its needed to reach experience that will help you in future

[rodalutor]

That's why they keep on saying DYOR = Do your own research.

But newbies today are different, unlike before we've been looking for the appropriate answers to our questions that comes out of curiosity. Now people are only curious on how to become rich overnight.

What they don't realise is that doing their own research in to cryptocurrencies and how to invest smartly will be the best way of being able to become rich, it won't be overnight but that's not really possible unless you're gambling.

[Ararbermas]

When you are still a newbie to this cryptocurrency world, it is better to take action and study the flow of its ecosystem and be prepared when you make an investment to avoid a profit loss. Don't make drastic move that you didn't prepare to it. Always make your own research first.

right. Must gain some knowledge first to avoid risky situation and to protect your capital especially doing trading,  investment in different crypto and etc. 'cause mostly now here in crypto world are not trustworthy and not worth it to risk money ,  Especially joining ICO project which is mostly ponzi schemes , so to ensure all things will be better make some research first for your safety.  

[Levious]

Doing everything requires the accumulation of knowledge. This is the most basic requirement for an industry. If you don't know anything about the industry, then you can't participate. Blind participation will only make you lose.

[GREENch]

To understand the specifics of the project you(we all) may not have enough knowledge about blockchain and cryptocurrency, as many whitepapers are written using a huge number of scientific terms. In such situations, an excellent help can be AMA (ask me anything),which developers can carry out both in text format (telegram) and video conference format (Youtube). But unfortunately not many projects do it(((

[leonix007]

Doing everything requires the accumulation of knowledge. This is the most basic requirement for an industry. If you don't know anything about the industry, then you can't participate. Blind participation will only make you lose.

Doing everything requires the accumulation of knowledge. This is the most basic requirement for an industry. If you don't know anything about the industry, then you can't participate. Blind participation will only make you lose.

It is in Nature for a person to check and research on anything seems new

Drastic decisions is purely discouraged here in crypto world

every actions you take should be in calculations and not with emotions

sometimes participation will make you gain knowledge, than doing nothing at all

[lobo13hf]

That's why they keep on saying DYOR = Do your own research.

But newbies today are different, unlike before we've been looking for the appropriate answers to our questions that comes out of curiosity. Now people are only curious on how to become rich overnight.

What they don't realise is that doing their own research in to cryptocurrencies and how to invest smartly will be the best way of being able to become rich, it won't be overnight but that's not really possible unless you're gambling.

Your luck will play an important role on that case. remember it's not impossible to be a rich person in overnight but in fact that they are all forgetting about the fact that will be so difficult to choose the good project, to get the best timing and more things that give a lot of impact to the result of your investment dude.

[cryptotycoon33]

When you are still a newbie to this cryptocurrency world, it is better to take action and study the flow of its ecosystem and be prepared when you make an investment to avoid a profit loss. Don't make drastic move that you didn't prepare to it. Always make your own research first.

I think acquiring more knowledge in the cryptocurrency sphere is quite necessary because without it you cannot go far, before you get involved with any crypto project you would need to carry out a research on the project to validate it.  Thanks

[satgoldan]

I do not think that beginners can learn something if they read guides and stuff. Yet in this area you need to learn from your mistakes, find your own weak points, create your OWN "game strategies". But at the same time you are right. Knowledge (even obtained from your own mistakes) will not allow fall into the trap twice, if used correctly.

[billy.ryoko]

Yes, you are right, if you want to invest in the crypto market, you first need to learn about the project, and research about the project team, usecase, roadmap and more, search everything before investment, avoid to invest the scam ICO and dead coin lost your money.