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Author Topic: If you are new to crypto this is for you  (Read 1029 times)
Daras
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November 17, 2020, 06:20:02 PM
 #121

This is a very crucial topic which is helpful to all investors not only the newcomers.Uncontrolled greed mostly lead to the person being scam,investors should also try not to put all there eggs in one basket,diversity is the key. Slow and steady always win the the race.
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November 17, 2020, 06:40:40 PM
 #122

...
5. Don't put all your eggs in one basket, diversity is the way of winners in crypto space

All the best.
those who invest in more than 3 cryptocurrencies are more likely to earn more profit...
currently, there are thousands of cryptocurrencies circulating in the market and all of them have the potential for 2x even 10x, so don't just invest in 1 crypto coin, do exploration on other crypto coins then your chances of making big profits will be higher.

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aemma
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November 17, 2020, 06:51:25 PM
 #123

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.

In my own opinion, the first rule that is very important is, investing what you can afford to lose, there is no two ways about it; people who invest more than they can afford to lose are always the first to complain and become restless.
Number 1 is very much needed and must be mastered not only by newbies but by other members before now as well, this is because, it is greed that has made most people to be holders of coins they don't like, it is also greed that makes people to participate in fake giveaways etc. Another point that is very important is doing research before investing in any project, mastering this will make the person to invest in projects that are worth it.
inoes
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November 17, 2020, 06:55:41 PM
 #124

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.

Join in crypto, it's like we enter a forest, we need to bring equipment so we can survive and end happily. Point number one is the hardest and most difficult to learn, because it is a matter of personality. If you have the character of being patient and grateful, it will be very easy to control your desires which are always lacking in profit (greed). by being able to control yourself, the brain can think clearly to implement the next several strategies (2,3,4,5).

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bttmember
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November 17, 2020, 06:58:48 PM
 #125

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.
Some people just do not want to learn even if you give them wisdom lessons everyday. So i think it is more like the nature or instinct of a person itself that will drive him to take or avoid risks there is not much these lessons will do on the minds of people at extremes.

Golftech
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November 17, 2020, 07:21:31 PM
 #126

We should so add this for both old and new members, beware of strange people that will chat you up to invest and earn huge returns anytime you join a Telegram group. Don't every trust anyone of them. This is also part of greed control.

Secure your investment and never to fall in any kind of offerings, people often to ask you inside telegram or any social media channels.
Be very careful following any recommendations, it's best to do your own and slowly learn the right proces, if you do this you are helping
yourself to familiriazed and to lessen the chance of losing your invested time and money.
Princeofpoetry
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November 17, 2020, 09:32:52 PM
 #127

This is a very crucial topic which is helpful to all investors not only the newcomers.Uncontrolled greed mostly lead to the person being scam,investors should also try not to put all there eggs in one basket,diversity is the key. Slow and steady always win the the race.
Greed is poison to newcomers to crypto.
Controlling emotions and thoughts along with a variety of knowledge is very important when investing.

tabas
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November 17, 2020, 10:16:42 PM
 #128

Greed is poison to newcomers to crypto.
Controlling emotions and thoughts along with a variety of knowledge is very important when investing.
Also for us who have been in crypto for quite few years. In this time, this is the hardest. We see the market pumping and decisions are becoming harder this time.
Time to sell or time to hold more.
But just a tip, if you will sell, don't sell all you've got. Still put a portion and percentage that you shall keep for long term holding.

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arufox
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November 17, 2020, 10:27:05 PM
 #129

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
2. Money making should come last, learning is the first thing to do
Try looking this thread Will Yield Farming + Dividend Sharing Be The Next Trend For DeFi? many people suggest to him to leave the project but he still insisted on joining, he is manipulated by the word"backup by real assets and dividend model".

If he learns first, he will not join the project. That's why to learn is the most important

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November 18, 2020, 09:44:49 AM
 #130

1. Learn to control your greed
Its not easy to control greed. Most of new crypto comer come because of greed. They are interested to airdrop because the reward like 1 airdrop will give $50- $100. Some of them might come to their senses after knowing the reality of the airdrop.
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November 18, 2020, 10:18:15 AM
 #131

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.

When a new person comes to crypto world, first he doesn't know about trade. He should follow some techniques that you have said in your post. I believe this basic techniques can be implemented to be successful trader in crypto otherwise any trader can lose his money by improper funds management or by selecting shit coins.

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November 18, 2020, 12:07:35 PM
 #132

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.

there are only two rules what you need if you new guy in investments. first one is that you should not invest more than 15% of your free money. second one is that you should not be lazy when you need to make analysis of the project. everything else will come when you will make mistakes and learn on them.

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November 18, 2020, 12:37:29 PM
 #133

greed from everyone must be there and especially for people who are new to knowing and getting results from crypto,
for example if someone follows a bounty and gets big results he will definitely quickly sell it will not see the big and small price of a coin that is obtained, because she thought she got the rewards from her hard work. and to invest,
choose coins that really have a great value like BITCOIN or others.
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November 18, 2020, 12:42:14 PM
 #134

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

These 5 points are not only very important to crypto newbies, but to everyone. Many people just want to make money without learning to earn, this is why they easily fall prey to crypto money doubling schemes (HYIP), promising them very huge return on investment. Some people won't even learn the basics of trading and will dive into trading with big funds. Imagine a newbie longing or shorting a coin on futures trading with 50x leverage and getting liquidated, that will be a horrible experience and discouragement. This will be due to two factors, and both are included on the 5 tips posted by OP, which are greed and absence of learning (no. 1 and 2 covers this). Let's always discipline ourselves and have a risk management plan we follow while investing in crypto.
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November 18, 2020, 01:24:22 PM
 #135

In my opinion, besides studying crypto, it is also very necessary to have the courage to take action because without courage it is useless to learn without taking action and also have to pay attention to the advantages and disadvantages as well as detailed analysis because crypto currencies are volatile
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November 18, 2020, 01:39:49 PM
 #136

Researching and proper risk management are the keys in order to become a profitable investors or traders if you are new in this type of market. You should be aware on how volatile is the cryptocurrency because in a single day a cryptocurrency can go up and can go down more than 50%. By researching well, you can become prepared on different obstacles that you may face where you can prevent yourself to have huge losses.
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November 18, 2020, 01:56:26 PM
 #137

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

These 5 points are not only very important to crypto newbies, but to everyone. Many people just want to make money without learning to earn, this is why they easily fall prey to crypto money doubling schemes (HYIP), promising them very huge return on investment. Some people won't even learn the basics of trading and will dive into trading with big funds. Imagine a newbie longing or shorting a coin on futures trading with 50x leverage and getting liquidated, that will be a horrible experience and discouragement. This will be due to two factors, and both are included on the 5 tips posted by OP, which are greed and absence of learning (no. 1 and 2 covers this). Let's always discipline ourselves and have a risk management plan we follow while investing in crypto.
That's right, risk management is the most important thing and also one more thing, namely money management, don't let you get carried away with emotions to get big profits in a short time because nothing is truly instant unless you are a professional market analysis both fundamental and technical coupled with very large capital support will help you achieve huge profits in a short time but I do not recommend this for beginners because they are likely to lose some of their money in a short time

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November 18, 2020, 02:14:11 PM
 #138

Researching and proper risk management are the keys in order to become a profitable investors or traders if you are new in this type of market. You should be aware on how volatile is the cryptocurrency because in a single day a cryptocurrency can go up and can go down more than 50%. By researching well, you can become prepared on different obstacles that you may face where you can prevent yourself to have huge losses.
Research is also important, but the most important thing in trading is how you can control your greed, where you hope that you will continue to get profit and it will make you lose. Greed is something that is very bad if you apply it in trading

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November 19, 2020, 08:26:24 PM
 #139

To sum up, we should learn everything about crypto first before investing. Having the mindset of investing with crypto as a shortcut to success would lead you into losses and failure so you better know how to handle your emotions for you to be able to handle your funds as well. Crypto investing needs broad knowledge so we should never stop acquiring more information about it for us to grow especially in trading ad investing.
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November 19, 2020, 11:27:54 PM
 #140

That's right, nothing is best for making money, unless someone studies hard. spot opportunities, learn about the future of crypto projects, and choose the best coins / tokens to hold. perform analysis on each project that you want to invest in. Because going to a large exchange is no guarantee that the project will be good in the future. keep learning and analyzing. then investing and earning.
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