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Author Topic: Warning for newbies  (Read 2136 times)
Bitbtc8
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December 11, 2019, 04:49:09 PM
Merited by tk808 (3)
 #1

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space  already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.

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December 11, 2019, 05:03:25 PM
 #2

It would not help newbies in my opinion. There are thousands of thread with the same massage, but I did not mention less people taking part in crap bounties or yelling that an ICO is a scam and he invested 5k into this garbage, it is not going to end.
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December 11, 2019, 05:28:54 PM
 #3

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too
It's true we have to visit the accusation scam board to see the scamer caught there and in the archives, I'm sure there will be many who report on the board about fraud, so for me it's very important to open the accusation scam board occasionally.
3) If you you have to invest always invest what you can afford to lose.

Investing is always a risk, so whatever the investment, we must do the research first and never be influenced by others. Invest your money as best you can.

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December 11, 2019, 05:31:35 PM
 #4

Many beginners really will not pay attention to the good advice of experienced members of the forum, because they come to the forum to get big money in a short time. Only after they are defeated in their own experience will they listen more to valuable advice.
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December 11, 2019, 05:31:51 PM
 #5

It would not help newbies in my opinion. There are thousands of thread with the same massage, but I did not mention less people taking part in crap bounties or yelling that an ICO is a scam and he invested 5k into this garbage, it is not going to end.
I think you are wrong for that, because in my opinion beginners aren't that stupid now, because I'm sure they probably already know a lot of junk projects and con artists in forums today, and of course they will definitely be more careful of the fraudsters who make project.
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December 11, 2019, 05:42:52 PM
 #6

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space  already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.


I recommend to newbies that they don't invest in a new coin, since halving is coming it's preferable to invest coins that has proven their worth in the market, do not waste your time to these new coins that, some of these we don not know if it will generate support since majority of them are just imitation of the past similar projects in the past, two examples of these are exchange and green energy type of projects.



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December 11, 2019, 05:54:34 PM
 #7

It is very easy to advocate for people to do research before investing but unfortunately even with thorough research on this projects, many of them still end up disappointing investors, knowing the right project to invest on is not always easy because some trusted project can also disappoint.

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December 11, 2019, 05:55:44 PM
 #8

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space  already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.

1 & 2 I always do before actually participating in the project.

3 I would never have made this investment if the ICO trend was still the way it is now, at least I saw a number of big successful projects and brought investors success as well.

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December 11, 2019, 06:01:12 PM
 #9

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space  already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.

Most of the investors starts to invest on a project when someone convince them it as a good project to invest but we don't have to trust anyone even someone close to you can convince and make to you to invest your real money.Visit B&H section where you can find lot of guides regarding research about new crypto project which could help any newbies who lacks that knowledge.

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December 11, 2019, 06:05:28 PM
 #10

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space  already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.

1 & 2 I always do before actually participating in the project.

3 I would never have made this investment if the ICO trend was still the way it is now, at least I saw a number of big successful projects and brought investors success as well.

It's hard to trust an ICO anymore. Investors will only think it's a scamer so investing in an ICO won't be so successful, my advice is better to look for a good IEO trend like in the large Binance exchanges etc. so you don't have to worry about investing there because there have been many projects that have successful and running until now.

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December 11, 2019, 06:38:58 PM
 #11

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space  already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.


In my view, it's not only for newbies but also for experienced investors. Research is mandatory prior to investing in any crypto project.

Bitcointalk.org has done great effort in bringing many scam projects to public and saved many from investing into the scam. Hats off to the efforts of bitcointalk.org members for doing this public service.

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December 11, 2019, 06:43:36 PM
 #12

I think not just the newbies but everyone needs to be very vigilant i have seen very promising and professional looking projects ending up as nothing, so even good projects can fail, i have faced many shocks and surprises in around 3 years of my crypto career so yes if you are mentally strong and can face losses (alongwith massive profit potential) then you are welcome to jump into crypto.

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December 11, 2019, 07:11:30 PM
 #13

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space  already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.


good job but I am not sure how many of the people will follow the instruction you have given and make the more secured to avoid the scammer around the cryptocurrency marketplace.
Well investors can be also a newbie but mostly that level stupids will never try to hear the words.

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December 11, 2019, 07:21:57 PM
 #14

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space  already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.


Also, just google the project + scam with it to see what accusations it has, it's just faster. And if you don't find anything, google team members and their histories by yourself.
Pearls Before Swine
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December 11, 2019, 07:24:34 PM
 #15

Scammers don't need to use the halving as a reason to do what they do.  The situation right now is so bad that it probably couldn't get much worse.  Scammers are everywhere.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

The above two snippets are good pieces of advice.  As far as doing research on projects, tho, I'm not sure how useful that even is.  Scam projects are very good at concealing the scam, so you might be convinced that a project is legitimate when the reality is, it isn't.

I strongly agree that noobs should at least take a look at the scam accusation section to familiarize themselves with how some scams go down.  At least then they might be aware of what to watch for if they're thinking about investing in an ico or doing a bounty.
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December 11, 2019, 07:38:59 PM
 #16


You can simply avoid scam if you don't invest at all to new projects, that's all you need to do when it comes to crypto specially these days when there ain't no real projects offered anywhere.

But I can't find a possible way how they may be able to use halving in scaming. It wouldn't be easy to scam today because all eyes of the scambusters are open to watching out new techniques.

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December 12, 2019, 02:32:22 AM
 #17

many new projects will probably emerge in 2020 and not a few of them will probably end in a scam. for beginners or for all of us here must be careful and remember, scammers will never stop. in a few weeks again we will get ready for welcome the new year 2020 and hopefully not many scam projects will emerge.
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December 12, 2019, 02:37:27 AM
 #18

Very enlightening and this is indeed a guide for beginners, because the price of crypto has fallen and it still seems difficult to rise, while the level of trust is also getting lower due to the many ICO scams and even IEO in the crypto world

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December 12, 2019, 03:00:10 AM
 #19

Newbies needs to be prepared for this coming new year, scammers will try to take advantage of that year because bitcoin halving is already dropping the HYPE in crypto space  already, Learn to do research better, not all bad results in crypto are because a project failed, mostly are because of lack of research, with no good research you can easily fall for scam projects.

1) Do better research on new projects before promoting them or investing a penny on them

2) Visit scam accusation thread on the forum time to time, it will safe you a lot too

3) If you you have to invest always invest what you can afford to lose.


If you have done your proper research, investing in crypto is not as risky as gambling. So, there's no need to think you'll lose anything you invest in crypto.
I'd rather say keep at least 25% of your savings as crypto and not more than 50%. That way you'd have fiat when you need it and won't miss the profit crypto yields in the bull run.

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December 12, 2019, 03:11:14 AM
 #20

This won't help newbies at all, truth is they like learning the hard way and I can't blame them for that, if you are not ready to avoid stupid mistakes then there will be lessons to learn in the hard way

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