If you are new to crypto this is for you

[MCobian]

Thank you for reminding me regarding the basic rules in crypto investment, all the points mentioned in the opening post are mandatory
if you want to succeed in crypto investment. Especially for newbies who still lack knowledge of cryptocurrency, prioritize running
point number two is "money making should come last, learning is the first thing to do".

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[arufox]

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

1. This is so important, if they can't control greed they will easily to scammed
2. Good
3. Do you own research or if hard, you can ask your friend who knows about it or join in the crypto community will give you good knowledge, or search here, so many great information, you just need to search it
4. So agree
5. Diversity is safe but not always a winner, put it in one coin and your decision is right will give you huge profits, but I think this is so risky for newbie

[kawetsriyanto]

I don't think it applies to a newcomer or newbies only, but it applies to experienced ones as well.
Look! Even you are already more than one or two years in crypto, you are probably still earning everything about crypto.
What you stated above is easy as a theory but takes much time to implement it in real use. For example, controlling greed. You must know that even you are in crypto for years, no guarantee that you can master it. Some people should do a big effort to master it. While you cannot judge a newcomer has a lack of self-control. Some people have no problem with it as they are typically a person who always thinks realistically. So even if they are newcomers, they have no problem with self-control or greed.
 

[sekalitas]

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 agree with you, especially for point number 1. Emotions such as greed or fear can have a negative impact, whether it's when deciding which projects to invest or when trading. When greed or fear overcomes, we tend not to think logically according to circumstances. Controlling greed or other emotions is not easy, it needs to be practiced continuously. Even people who have been in crypto for a long time can still be tempted to see projects that are too good to be true.

In my opinion, to control greed or fear apart from learning to be disciplined, we also need help from family, friends, or relatives to remind us when we don't think clearly.

[lienfaye]

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 of this were true, if only investors can follow these reminders then we might prevent losing our money. But its a human nature to become greedy to get more money, that is the goal of most us (though not all) on why they engage themselves in crypto. Some tend to risk the money they cant afford to lose because of their mindset that it has a guarantee but unfortunately its not the case. For investors specially newbies, follow these tips because its a big help to be reminded on the right path to take.

[dhaldanga]

Those who are new to cryptocurrency need to keep an eye on a lot of things,
 Example:
 Market, good Exchange, bad Exchange,
 Rules of investment, it is better not to invest without knowing the details.
 It is also important to keep track of scams and de-listings.
 Thanks.

[TIDOVEE]

As you learn, learn wide and quick,in crypto world here, you've got to be very smart because even though you are advised not to be too focused on the money making but on the knowledge you will acquire. I know there is definitely something that attracted you to crypto and to be sincere 90% is its monetary values. Who will be motivated when there is no reward? Now, while you learn vastly,you may make mistakes it's part of learning experience. Accept it and keep moving.the bull doesn't stay all time, so you also need to calculate opportunities.

[TitanGEL]

As you learn, learn wide and quick,in crypto world here, you've got to be very smart because even though you are advised not to be too focused on the money making but on the knowledge you will acquire. I know there is definitely something that attracted you to crypto and to be sincere 90% is its monetary values. Who will be motivated when there is no reward? Now, while you learn vastly,you may make mistakes it's part of learning experience. Accept it and keep moving.the bull doesn't stay all time, so you also need to calculate opportunities.

Experiences are important here in the cryptocurrency market, a newbie should focus on gaining experience first than focusing on earning money quickly. Of course newbies will easily deceive if they saw an investments that offering high returns and sometimes it leads them be scammed. The learning part should be the first thing that newbies should focus and they should not skip it because it will be serves as foundation in order for them to have good strategy and a skill that can help them to make money in the market.

Self researching is also a skill that newbies should focus, many newbies are believing in just a single source and of course there is a high probability that it is a fake news because misinformation is one of the biggest problem here in the market. Through researching, we can analyze if the project is good or it is a fake project that are deceiving people.

[Onuohakk]

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: to be successful in crypto, you have to do away with selfishness.
2. Money and learning: knowledge comes first before any other thing follows in crypto. Learn how crypto works to avoid losing money.
3. Exchanges: we have exchanges that have a fake trading volume. Avoid them totally
4. Crypto investment: invest with your spare money and don't hope on crypto for quick profits
5. Diversify your investment: don't invest in a particular coin, invest in other coins cos you can't tell the coin that will yield profits
This piece of advice is for everyone not only for newbies. We all need It In our daily dealings with crypto for us to be successful in it. Don't put all hopes on crypto for riches to avoid be hurting at the end. Always trade wisely

[jcarlo]

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 agree with the points above. Studying in advance of a project will make us make the right decisions, whether for the short term or the long term. In addition, we should use unused funds so that we are psychologically awake when the market is volatile

studying it is not enough to avoid scammers, you have to analyze prices,
create your capital strategy, and keep your emotions stable if you trade,
crypto is very volatile and that is an important point for new crypto users,
and don't choose a new project for investment if you are not sure.

Agree that we must analyze the price so that when we buy, we get the lowest price. But for new users, analyzing is sometimes difficult because it requires technical analysis skills and I also agree that it is better not to invest in new projects for new users because the risk is higher.

[In the silence]

You can add these:

Surround yourself with great coaches.
Join in traders group to learn from their mistakes.
Make reading news about cryptocurrencies a habbit.

[DabsPoorVersion]

1. Learn to control your greed

Easier to be said than done,

This is one of the hardest thing to do in crypto, even if how many times you said to yourself that you will control yourself or making a limit to your target amount, you will still fall because of your greediness to make more money.

[mekar sari]

This tread is made very positive in my opinion because a lot of new crypto users don't know manners and play as they please a little extra from me
before investing we must properly understand the content and objectives of the project because it is the most important thing in my opinion
from there we can judge how much potential the project or coin is

[Novatech8]

It's very hard to control greed   I'd say it's near impossible to control greed most especially in crypto space, how about using greed to get what you want? See? Greed isn't the enemy here, it's all about when to use that greed. If warren buffett can say be greedy when others are fearful and be fearful when others a greedy then he knew greed will forever dwell inside us

[tbterryboy]

I believe that newbies in crypto can be victims of scammers, most of them are hyip or investing in hyip so For newbies be careful when participating even in investing in projects because you will be convinced to those who say they have a big percentage or a big discount on buying coins in the presale so be alert and before you join them you should have a lot of research about their project only two possible destinations your investor this is the loss or win you can be fooled and you can go bankrupt if you plan to invest in altcoins you can look at the coinmarket to choose the top coins there that you can invest your money in altcoins.

HYIP are quite different from these ICO scams but the logic is same so yeah kind of agree with that. The worst part of altcoin investment is that you are into a dangerous territory where you will either lose everything or you might end up earning more than you ever thought. It sounds almost like gambling and lottery where you can get rich quick or you might lose everything you put in it.

With bitcoins investment you know if the price goes down you can wait and it would regain the value in sometime but altcoin because most of the coins turn into absolute zero value you have to ensure that the wait is not your ultimate enemy because at times people wait and end up not even getting 1 satoshi value out of it.

[bitcoin31]

We need to guide the newbies because they made a lot of mistakes due to informatuon that they have is not enough just like us.
The people who gives awareness and sharing information they can prevent losing money and also the scammer their primary target is newbie so it is our responsibility to teach them on how to agoid wrong project but it depends to them mostly they made.

[Mighty_crypt]

Everyone wants quick big profits that's why newbies invest in HYIP kinda projects in crypto space, no doubt all those DeFi farming projects are seeing huge money and even after many exit scam and still come back with another project investors will still invest money on them, no matter how much we warn newbies they are willing to take huge risks

[Bosx1ne]

Greed is the problem where it can lead to bad result if we not let ourselves to control our greed. The greed can be control through discipline but that discipline is something that we cannot learn in just short period of time. The truth is, it is a lot of time for us to have discipline and for us to control our greed. If we have plan make sure we should follow it, for example if our plan is to sell bitcoin at $20,000, if the price reached it we should follow our plan which is to sell it. Our greed can sometimes talk to our inner selves like "do not sell it because it will go higher". That is greed and we should avoid it through proper discipline and good planning.

[DDante]

On May 2020 of this year I made a big mistake by taking risk on a new project that I thought is well supported and handled by pro teams so I invested over 3000$ instead of using like 300$ to try my luck, I ended up losing the whole money, now I've take the rules of 'investing only what we can afford to lose' very seriously

[DDante]

I hope newbies will have the patience to always do research and learn more about any project before investing on them, the biggest mistake one can make is investing lots of money on weak project or scam projects, always use diversity too and this will create high chances to success