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Author Topic: If you are new to crypto this is for you  (Read 1029 times)
taufik0911
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November 20, 2020, 02:42:29 AM
 #141

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.
besides that, it takes enough experience to choose a good project to follow and get a profit
without experience it is likely that we will lose a lot of profit in a short time or even lose
for beginners this might be like gambling

opeku
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November 20, 2020, 04:17:21 AM
 #142

And also take into consideration the failures and mistakes of other people, ask yourself what did they not do right or what did the do wrong.. When you learn from their mistakes it puts you on the better position. Don't follow hype and don't forget to apply risk management
k@suy
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November 20, 2020, 04:53:52 AM
 #143

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.
Definitely self-discipline should always comes first before anything else because if you lack this, you won't find success in crypto. There may be ways on how you can survive in crypto and earn huge amount but if you lack self-discipline, you will still end up having losses. Gaining knowledge, skills and having risk managent will automatically follow once you instill discipline first.

I bet that each and everyone has their hidden agenda to easily get a high profit in cryptocurrency because maybe the most thing they know like me about crypto was a huge profit they may get so they were going to expect it too. I do admit that i have the same outlooks to crypto way back then in my first stoop here but it all changed as i grow more in learning about it. I learned that greedy may lead me to some huge lose ahead and discipline and self control should be always on top which i can always read here in the forum and so far it is the best adviced that i applied to myself as a newbie or even up until now.
PerfectCircle
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November 20, 2020, 06:05:17 AM
 #144

Good advice op, newbies are always in rush to make money, too impatient to learn crypto basics, they don't know the difference between hyip crypto projects and normal crypto projects, they aim for the most profitable projects ever that promises high rewards, I do hope this helps those who really want to start their crypto journey by learning first

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Galley
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November 20, 2020, 01:14:57 PM
 #145

Market research and management are very important, but for a beginner, it is very difficult. First, you need to curb your passion, which is present in almost everyone to one degree or another, so as not to end up with an empty wallet. This is the most important thing to start with.
Lrshohag
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November 20, 2020, 01:46:44 PM
 #146

 Learn to control your greed. 
Thats a very good advice. This is the most important factor to control greed. Also patience is a very important factor.
Should pass time for learning.
SektorPiii
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November 21, 2020, 01:30:06 AM
 #147

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.

No one is 100% safe from fraud, you need to be careful and analyze all aspects of the project before investing your funds. It will be great if the team of moderators will track and check all projects at least on this forum, scam projects unfortunately are not getting smaller. Previously, you could earn money on bounty and participate in the promotion of good projects, today more than 50% of scam, you need to control this.
pinggoki
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November 21, 2020, 01:35:30 AM
 #148

Learn to control your greed. 
Thats a very good advice. This is the most important factor to control greed. Also patience is a very important factor.
Should pass time for learning.
Being greedy is normal to a person because it may brought you positive sometimes and also some negative outcomes. Being greedy can lead you to several losses. Just like what you have been said, patience is a virtue you must need wear a long patience wherever you go because this may leads you to positive outcomes, trust me brother I've been there many times already. As time passes by you will learn different aspects in cryptocurrency and if you are just starting, take this advice from me.

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Shasha80
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November 21, 2020, 01:47:51 AM
 #149

I agree with all the points mentioned in the opening post, if all the points are executed well, should invest in cryptocurrency be a good
source of income. But the fact is that almost everyone wants to get money instantly from cryptocurrency, so in the end many people are
easily fooled by scammers. So don't be in a hurry to make a profit, just follow the process.

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TinaK
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November 21, 2020, 03:06:32 AM
 #150

I agree with all the points mentioned in the opening post, if all the points are executed well, should invest in cryptocurrency be a good
source of income. But the fact is that almost everyone wants to get money instantly from cryptocurrency, so in the end many people are
easily fooled by scammers. So don't be in a hurry to make a profit, just follow the process.

They only guide the newbies of crypto industry, so before to get a instant money they must learn and increase the knowledge of survive in crypto platform. Obviously your suggestions are really good for all the peoples, But all the beginners are easily find out the Bitcoin. We know the current market pumps so all the peoples are concentrate the big basket.
The human mentality is never changed anyone so those are enter in the trading or gambling they will addicted in cryptocurrency. In myself beginners are limit to enter the beginning stage and continuously active in the forum, automatically easy to get a rewards.
kotajikikox
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November 21, 2020, 03:23:39 AM
 #151

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.
Number 1 is the most efficient way to prevent being a loser in crypto or in every investment we will be entering because this is the main reason why we fail mostly.

Greediness is proven to be the worst mindset a investor must have and i already experience this when i was new here.

and the number 4 is also good strategy because we must have options in everything we put our money so if one losses then there is another chance of winning.

Salauddin1994
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November 21, 2020, 03:50:31 AM
 #152

If you are new to crypto, the above discussion is very helpful for newcomers especially learn to control greed the newcomers become more greedy and earn more and then lose everything therefore before working on crypto without being greedy one has to learn well about the market and then work. Investors need to do market research first any site is good for investment you need JavaScript enabled to view it the first step is to apply one's own knowledge and intellect.
Jeger.Kiting
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November 21, 2020, 09:05:12 AM
 #153

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.

This will seem easy if you really study hard to see the up or down movement of what you are investing. Start small first to find out how much your skills increase. Wink

Agree with your statement, do not have to rush to do something that we do not know and learn, because everything needs a long process even though it looks promising, at least little by little it will make it easier for you in the future, and you are not at risk of losing more money because of you. have learned from your previous experience, it doesn't hurt for someone to learn from a young age, because the adage says it's good people tell you, your experience is a much better teacher than those people ..  Smiley Wink
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November 22, 2020, 04:11:03 PM
 #154

Everyone is frantic for money, most particularly the individuals who are in awful shapes, the chance of having a settled mind to learn will be low, on the off chance that you are this sort of individual I recommend you invest in binance IEO, this is the surest method to increase your money yet binance launchpads don't happen each month.
minatour
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November 22, 2020, 05:36:20 PM
 #155

I just hope newbies follows the idea of money should come last because everybody wants money as quick as possible, Infact this days alot of people are rushing in just to cashout which doesn't always seems to work out most times.

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