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Author Topic: If you are new to crypto this is for you  (Read 1029 times)
Anonylz
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November 08, 2020, 01:42:51 PM
 #21

Someone have to do this from time to time, I believe that many newbies are still victims to scam projects till this days, we gotta keep warning them, not all can be safe but as for those who want to learn, here you go

1. Learn to control your greed
2. Money making should come last, learning is the first thing to do
3. Do research on exchanges as there are many bad eggs among the good exchanges
4. Follow the crypto investment rule, don't invest more than you can afford to lose
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.

You made  valid points,
Learning and understanding the market behavior is very important, in fact, I would say should be the top priority of every crypto new Comer, some people who enter crypto have a total different picture on their mind, they only see when the price is up and the profit they will make but they never thought of when the price is down how they will handle the situation, hence number 1 point is very important.

Another important point is don't invest more than you can afford to lose, don't get carried away and try to invest too much thinking you will make the money back in few days, reason why it is better to fully understand the market movement and your chances of making profit.

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Golftech
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November 08, 2020, 01:50:08 PM
 #22

Good tips, This is what newbies really need to know before investing. First thing to do is learn how to take the step and set aside the thought of big earnings first so as not to be deceived and fooled by fake investment projects. And can go along with the good ones after having a good research.

Investors needs to learn more not just to keep the sweet promises of those scam developers, if they now how to sort good project from not then the chance is really high for them to be compensated, it's not always for the money but best for the knowledge first to avoid being victimized by many scammers that rounding inside this venue of investment.
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November 08, 2020, 01:54:56 PM
 #23

Good tips, This is what newbies really need to know before investing. First thing to do is learn how to take the step and set aside the thought of big earnings first so as not to be deceived and fooled by fake investment projects. And can go along with the good ones after having a good research.

Investors needs to learn more not just to keep the sweet promises of those scam developers, if they now how to sort good project from not then the chance is really high for them to be compensated, it's not always for the money but best for the knowledge first to avoid being victimized by many scammers that rounding inside this venue of investment.
Sometimes there are many newbies who have trouble doing research because they don't know the basics of crypto investing. because unlike conventional businesses, what is promised in most crypto projects is very easy to forget, and many newbies fall into this trap, sad.

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November 08, 2020, 02:00:43 PM
 #24

Someone have to do this from time to time, I believe that many newbies are still victims to scam projects till this days, we gotta keep warning them, not all can be safe but as for those who want to learn, here you go

1. Learn to control your greed
2. Money making should come last, learning is the first thing to do
3. Do research on exchanges as there are many bad eggs among the good exchanges
4. Follow the crypto investment rule, don't invest more than you can afford to lose
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.

Great advice for all newbies. Hope newbies can see and read this post so that they will have an idea what to do to earn, to avoid loses, to avoid scammers, to learn more about crypto and make it as their stepping stone to get more knowledge about cryptocurrency.

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plvbob0070
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November 08, 2020, 02:40:45 PM
 #25

Someone have to do this from time to time, I believe that many newbies are still victims to scam projects till this days, we gotta keep warning them, not all can be safe but as for those who want to learn, here you go

1. Learn to control your greed
2. Money making should come last, learning is the first thing to do
3. Do research on exchanges as there are many bad eggs among the good exchanges
4. Follow the crypto investment rule, don't invest more than you can afford to lose
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.
You will always see this advice here on the forum and this also applies to every one of us, not just to newbies. Greed is normal since we are just humans, but too much greed can lead to a problem and it's not that easy to control it, we need to have good self-discipline. Also, before we invest, it's necessary to know about the nature of investment and what projects are good to invest in. In the crypto space, not all projects are legit so it's our part to make prior research before investing.
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November 08, 2020, 02:58:47 PM
 #26

If you really wanted this to be read by users who are new to cryptocurrency you will post it in Beginners & Help section https://bitcointalk.org/index.php?board=39.0 I'm sure a lot of users will be able to read this one since that section is for them.

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November 08, 2020, 03:25:35 PM
 #27

Many beginners are victims of fraud because they are too hastily tempted by the lure of a project because it is promised to quickly get profit from crypto, lack of knowledge is of course the main trigger factor.  they hope that crypto can provide profits quickly and see from the other side if crypto is an alternative way to get money easily without having to do other activities that are quite time consuming

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November 08, 2020, 03:26:11 PM
 #28

Someone have to do this from time to time, I believe that many newbies are still victims to scam projects till this days, we gotta keep warning them, not all can be safe but as for those who want to learn, here you go

1. Learn to control your greed
2. Money making should come last, learning is the first thing to do
3. Do research on exchanges as there are many bad eggs among the good exchanges
4. Follow the crypto investment rule, don't invest more than you can afford to lose
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.
We need to educate the newbies with the updated things because scammers are getting more intelligent than the investors that is why still there are people who are losing their money to scam traps and also by making bad decisions at the wrong time.
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November 08, 2020, 03:43:15 PM
 #29

Someone have to do this from time to time, I believe that many newbies are still victims to scam projects till this days, we gotta keep warning them, not all can be safe but as for those who want to learn, here you go

1. Learn to control your greed
2. Money making should come last, learning is the first thing to do
3. Do research on exchanges as there are many bad eggs among the good exchanges
4. Follow the crypto investment rule, don't invest more than you can afford to lose
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.
We need to educate the newbies with the updated things because scammers are getting more intelligent than the investors that is why still there are people who are losing their money to scam traps and also by making bad decisions at the wrong time.
We will always warn and remind new entrants and this field needs to thoroughly understand everything, background knowledge is important, i have read some of the above issues and i see the opinion of everyone right and wrong people. But you know what this crypto space does for you and what it takes from you, so i repeat Learn About It and Then Start Doing It.









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November 08, 2020, 04:02:49 PM
 #30

Someone have to do this from time to time, I believe that many newbies are still victims to scam projects till this days, we gotta keep warning them, not all can be safe but as for those who want to learn, here you go

1. Learn to control your greed
2. Money making should come last, learning is the first thing to do
3. Do research on exchanges as there are many bad eggs among the good exchanges
4. Follow the crypto investment rule, don't invest more than you can afford to lose
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.
It's not that easy to control ones greed, it's something you can't get rid of either, even multi billionaires have greed, as bad as greed looks to you it's a very useful gift if you can use it in the right way at the right time, there is a saying from a well known rich man that goes like this 'be greedy when others are fearful' and 'be fearful when others are greedy'

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November 08, 2020, 04:08:51 PM
 #31

1. It is very difficult to do because everyone wants to get rich quick
2. That's what it should be done, but sometimes everyone forgets about it because they only think about profit
It's difficult to earn now easily in crypto without having any knowledge about it, before ATH 2017 it is possible by just simply holding and waiting also in just joining campaigns. Now, only those who have knowledge will earn so newbies should take extra effort to learn and research so they will not get easily deceived by scam projects.



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November 08, 2020, 05:33:09 PM
 #32

Someone have to do this from time to time, I believe that many newbies are still victims to scam projects till this days, we gotta keep warning them, not all can be safe but as for those who want to learn, here you go

1. Learn to control your greed
2. Money making should come last, learning is the first thing to do
3. Do research on exchanges as there are many bad eggs among the good exchanges
4. Follow the crypto investment rule, don't invest more than you can afford to lose
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.
Overall this is good advice however there are two points in which I do not agree completely, in your second point I will add that as a beginner the most important aspect is not to make more money but instead to protect what you have, this may seem odd, but it is true, most newbies lose it all in less than a year, if a newbie can survive the markets for that year and still have most of his money at least to me he is on his path to succeed, and about your fifth point I will say that it depends because if someone is invested in bitcoin I do not really see the need to diversify at all.



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November 08, 2020, 05:39:57 PM
 #33

Overall this is good advice however there are two points in which I do not agree completely, in your second point I will add that as a beginner the most important aspect is not to make more money but instead to protect what you have, this may seem odd, but it is true, most newbies lose it all in less than a year, if a newbie can survive the markets for that year and still have most of his money at least to me he is on his path to succeed, and about your fifth point I will say that it depends because if someone is invested in bitcoin I do not really see the need to diversify at all.
I also agree with you about the 2 things you contribute to, and I want to add a little more to the newcomers, they have absolutely no experience or skills in this field, so the first person needs to do There you have to learn the details of the project, then find the best way to manage your money, and join the market to train you for a while, until then I believe that it is easier for people to succeed.

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November 08, 2020, 06:03:37 PM
 #34

By trying and learning from a mistake, any investor can control his greed, because greed makes a person want more and may risk his investment, so the investor should put a certain time for sale and not wait for a better opportunity, and he must not be entrusted with all people's opinions, there are those who are not experienced, and he must not rush to take the decision, but rather studies it carefully.

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November 08, 2020, 06:11:26 PM
 #35

we need to keep emphaszing the part of learning before earning. people have the mindset of making money by any means with zero knowledge, thats why they get scammed easily. learning has been my focal point after i come to realize that great things are built through diligence and hardwork. dont be in a rush to earn, build a system to earn.
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November 08, 2020, 07:10:53 PM
 #36

Someone have to do this from time to time, I believe that many newbies are still victims to scam projects till this days, we gotta keep warning them, not all can be safe but as for those who want to learn, here you go

1. Learn to control your greed
2. Money making should come last, learning is the first thing to do
3. Do research on exchanges as there are many bad eggs among the good exchanges
4. Follow the crypto investment rule, don't invest more than you can afford to lose
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.
I think let people do what they want, they will experience and learn themselve, no need to really school them because no one will listen.
I am sure the topic starter would have learnt the same way as well because i have learnt this way too. So only time and real experiences are the best teacher.

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November 08, 2020, 07:32:49 PM
 #37

This is well outlined and educational as well, but in as much as I believe newbies will find this really helpful it can also help others to achieve their aims. Starting with greed, it has dealt with a lot of people and therefore I believe that if it is curtailed appropriately, it will help the person a lot. In the case of learning before earning, I think it should be the first point however, because I also believe everything worth doing is worth learning first, as it is through this way that a person will be able to understand what to do and what's expected of him, this also encompasses knowing more about the right projects and exchanges as well. And most importantly, investing what you can afford is the right way to invest in any project because the crypto space is highly volatile.

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November 08, 2020, 07:50:17 PM
 #38

Someone have to do this from time to time, I believe that many newbies are still victims to scam projects till this days, we gotta keep warning them, not all can be safe but as for those who want to learn, here you go

1. Learn to control your greed
2. Money making should come last, learning is the first thing to do
3. Do research on exchanges as there are many bad eggs among the good exchanges
4. Follow the crypto investment rule, don't invest more than you can afford to lose
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.
1. Greed can't be controlled by newbies. Even the old timers are having difficulty controlling.
2. Learning, studying and researching always have to come first. To be aware of scams and frauds you need to be knowledgeable.
3. Just follow the tip or style that use popular exchanges to avoid hassle.
4. Right. Invest with the amount that you are ok to take risk. Not because others made profit, you will also invest like them even it's a huge amount.
5. On this, bitcoin only is an exception kind of investment technique.

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November 08, 2020, 07:52:21 PM
 #39

Someone have to do this from time to time, I believe that many newbies are still victims to scam projects till this days, we gotta keep warning them, not all can be safe but as for those who want to learn, here you go

1. Learn to control your greed
2. Money making should come last, learning is the first thing to do
3. Do research on exchanges as there are many bad eggs among the good exchanges
4. Follow the crypto investment rule, don't invest more than you can afford to lose
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.
All your points make sense for newbies who have never invested or traded but i think most of the community here is well aware of the basics and they do try to reduce risks while investing and trading. But we should know that these are all risky endeavors and you never know which coin will fail you and when.

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November 08, 2020, 08:01:37 PM
 #40

Everybody is desperate for money, most especially those who are in very bad shapes, the possibility of having a settled mind to learn will be low, if you are this type of person I suggest you invest in binance IEO, this is the surest way to double your money but binance launchpads don't occur every month, it takes time
Not everyone can buy IEOs on Binance, the tokens are often sold out immediately, making it difficult for investors to access IEOs on this exchange.
For new investors in the market I think their most important thing is their lack of knowledge, so it is best for them to try to learn and come up with strategies for themselves.


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