DYOR before joining!!!!!!!!!!!!!!

[Ezenwanyi1]

I agree with your submission.
I actually had an experience of this, don't blame much.
I had just joined Crypto and it happened I read in telegram group where one one ,I think the coin is ripple.
They were talking about ripple,how that it was a good coin to buy and hold.
I didn't know there was something like  ..DYOR as a noob that I was.
I rushed to binance and bought ripple ....the price then was $2+.
That was how I went bankrupt.

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[Renampun]

most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money

[btc_angela]

most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money

Yes, that's their first mistake in this crypto sphere. They though that everything is easy money here, well during it's peak in 2017 there are lot of people who became rich but it doesn't mean they didn't do anything on their end. They have waited long enough to hold their bitcoins, thus becoming rich in due time. But for some who thinks that there is short cut here, they are all wrong. We all need to work hard, have a good investment or trading plan and execute them so succeed here.

[ASHLIUSZ]

most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money

This is not happening with each and every user. Most of the people get in with clear understanding and the risks associated with the market. Earlier the scenario is different with people coming into cryptocurrency with the blank understanding of earning big just on knowing about bitcoin.

[jambul_kribo]

most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money

This is not happening with each and every user. Most of the people get in with clear understanding and the risks associated with the market. Earlier the scenario is different with people coming into cryptocurrency with the blank understanding of earning big just on knowing about bitcoin.

if they just thinking about money and profits maybe difficult for them to survive in this market.they didnt recognize risk that could occur with their investment someday.and unfortunately it happen most of beginner investors.maybe most of them give up now looking current condition in crypto price.

[South Park]

most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money

The main problem with that mindset is not greed but laziness, you could have a strong desire to multiply your capital but if you are hardworking you will be willing to put the effort necessary to learn the skills to make money in this market, the ones that are lazy on the other hand do not want to make any effort and they still want to get profits, something that is impossible unless they get lucky and even if that is the case they will eventually lose their money if they keep investing that way since no one can be that lucky.

[Jating]

I agree with your submission.
I actually had an experience of this, don't blame much.
I had just joined Crypto and it happened I read in telegram group where one one ,I think the coin is ripple.
They were talking about ripple,how that it was a good coin to buy and hold.
I didn't know there was something like  ..DYOR as a noob that I was.
I rushed to binance and bought ripple ....the price then was $2+.
That was how I went bankrupt.

Aww. At least you have learn a valuable lesson here. You shouldn't just buying coins because someone has said about it. That are the strategy of most pump-and-dump groups.

But as I have said, lessons learnt, I'm sure that as you go along your trading journey, you will learn a lot of lessons and you shouldn't make that past mistakes again.

[Btchunter3333]

Yes always do research before joining and invest in something and if something is not clear do research again and ask someone from community or read reviews if there are.

[Oceat]

most people do not do research before joining, the new ones just follow the words of people that Bitcoin is profitable, Bitcoin makes rich quick.
but when the price of Bitcoin falls and they lose, they say Bitcoin is Fraud, Ponzi and so on,
Such a mindset is indeed very difficult to change because their goal is money, money and money

This is not happening with each and every user. Most of the people get in with clear understanding and the risks associated with the market. Earlier the scenario is different with people coming into cryptocurrency with the blank understanding of earning big just on knowing about bitcoin.

if they just thinking about money and profits maybe difficult for them to survive in this market.they didnt recognize risk that could occur with their investment someday.and unfortunately it happen most of beginner investors.maybe most of them give up now looking current condition in crypto price.

One thing that's the fault of these newbies in the field of trading is managing the risk where they might end up losing all of their investment. This is where the investment is in critical time where you don't know if it will going to survive that's why we need to do our own research on a certain project before investing our money on it.

[Xalata]

Well you are absolutely right, most people actually don't invest deeply into their projects before joining and when they lose their funds they tend to complain. Anyway, just as you drew the conclusion i also agree with the fact that we may not see a bull run of bitcoin any moment soon. Aside all these there are other cryptocurrencies you can invest into them and gain profits from time to time.

[STT]

How much research do you put into something you have no interest in otherwise, thats the problem.  People get more interested after they 'invested' something.      My suggestion is to balance what you put into any project, so a speculative amount on your initial impressions and something you can afford to lose if badly wrong.   Thats ok, take a ladder approach and dont be tempted or enticed into over allocating funds to something you are still guessing on

[semobo]

When someone don't even have their own research about the thing before on what they were investing then how can they expect returns from it.
Better atleast get the basic knowledge about the projects by just blindly investing based on the price.

[binhvo1505]

The losers always complain about the market. Meanwhile, there are many IEO events taking place and investors are still very profitable from investing in it.
those who spend time complaining won't get the best strategy to make money. they will always be losers.

[noormcs5]

I agree with your submission.
I actually had an experience of this, don't blame much.
I had just joined Crypto and it happened I read in telegram group where one one ,I think the coin is ripple.
They were talking about ripple,how that it was a good coin to buy and hold.
I didn't know there was something like  ..DYOR as a noob that I was.
I rushed to binance and bought ripple ....the price then was $2+.
That was how I went bankrupt.

I have seen most of the telegram and whatsapp group are made on crypto trading signals and the whole purpose of them is to collect the money from the newbie traders and provide them signals which have no grantee that they will be successful or not. We should avoid such groups and develop our skills so that we can DYOR.

[shesheboy]

Yes always do research before joining and invest in something and if something is not clear do research again and ask someone from community or read reviews if there are.

That seems pretty easy to say but its actually hard to do especially if you are already on the situation .  the problem for the investors is that they have the knowledge and skills but they are lazy to do a quick or deep research about the project that they are trying to invest with   . they only listen on their instincs but instincs can sometimes be correct  .

How much research do you put into something you have no interest in otherwise, thats the problem.  People get more interested after they 'invested' something. 

Yes thats always the case that happens  .  ive seen alot of people who invest on anything even if they are not familliar with because they are only doing it in the name of  money .  its really boring and hassel to research on a thing that doesnt gets your interest  but eventually you will try to learn them if the status of your investment is already in crititcal state .

[asrafkhairulazzam22]

Some investors in the cryptocurrency space are all out for regular profit, crypto is not a ponzi scheme, it is a platform well structure to experience the up and down market trend, To build confidence in the space ensure you are equiped with current knowledge relativeto the happening  in the space per time.

yes the bear market has scared investors to invest. chances are investors will come back if the fundamentals of bitcoin are back strong like last year.

[sclmte]

ICO, namely the Initial Coin Offering, is an effort of startup companies that want to raise funds to develop and maximize projects that have been planned by offering investors their tokens or coins that are valued by cryptocurrency.

Many people are very interested in investing their money in the world of cryptocurrency such as Bitcoin, Ethereum or other coins (Altcoins). Investment forms also vary, such as trading and ICO participation. But does ICO guarantee benefits? Of course in every case it must have risks and benefits. ICO is an alternative way where there is low risk, high reward. But how do you minimize risk in ICO elections? There are many factors that need to be considered in choosing ICO to invest. The following are 12 things that must be considered in choosing ICO.
1.Idea
2. Team
3. Advisor
4. Hard Cap
5. Hype
6. Product / Good
7. Target/Load Map
8.Competition
9. Sales tokens
10. Marketing
11. Bunks
12. Use coins /Tokens

[Cashi]

Problems occur when people are willing to get quick rich and discard doubts about the legitimacy of the project. They see the profits or ROI only to become rich in a few month. The reality is different from this and scammers hope for people of this type to fall for the scam.
Same with pump and dump groups, it's always the same if people want to make quick bucks. They end at a loss.

[gowobonyok]

after all, if we analyze the journey of increasing the price of bitcoin when it reaches a peak in 2017 and then falls in 2018, there is actually a very far gap from the presentation. namely the increase in bitcoin which reached 1000% and fell 600%. it's clear that the increase is greater than the decrease. therefore do not worry that the bull run will not run again, they are just taking a break for a short drink. so prepare you, want to be rich or stay like this.

[Supercrypt]

I don't know if I am the only one that is not worried about the market and feel it is doing fine?

I see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.

It is only the weak hands that are complaining while the wise ones are taking advantage of the market to get good altcoins at cheap prices.

What is you thought?

You are right. I feel very pissed when I listen to people who complain that Bitcoin has finally crashed and this might be the end of Bitcoin. I have come to realize that most of the people who utter these statements are either new to cryptocurrency or those desperate investors who has no knowledge about long-term investment.

Most of the new investors who bought during the 2017 bull run didn’t know much about crypto, they bought to quickly increase their money and it was so disappointing to them that bear market started shortly, hence the panic. Bitcoin is not a Ponzi scheme where you drop your money today and it multiplies by double folds the next minute. What we are experiencing now is only correction/ healing process. There is no need for panics.