Newcomers, Moonboys and Fools

[tk808]

It's important to understand that the crypto market is being flooded by new users, new projects, new scams and therefore, fortunetellers. Before investing your life savings into some random new shitcoin, be sure to have a clear thought processes on why you're investing in this crypto.

We are witnessing unprecedented territories and this space is being flooded by naive individuals and the wolves who are herding you into the next ponzi-scheme. I can soundly say, despite what many have stated, technical analysis and moonboy shills are some of the worst tools to rely on. Strictly speaking, most of you are relying on word-of-mouth investments and are not fully understanding you're being controlled and socially engineered by intelligent individuals, scammers and wealthy individuals who've been in this crypto space for several years now and understand what it takes to manipulate the average crypto user.

Take a step back, analyze, take in all possible sources of information, compare, contrast and understand what you're investing your money into before you invest or make your next trade. This Bitcoin bullmarket is in a territory that no one can predict the outcome of. If you're taking that risk, great. But that risk also can come with severe repercussions. Learn from your predecessors in the 2017-2018 bull-market, where the majority lost their life savings and the minority made it out big.

There will be another bear market, there will be a day were the market once again falls through. Be prepared and be ready. No one knows when and how it will come, but it will come. Nothing in crypto grows forever and the majority of newer-projects (<6-8months) will die out, just like the ICO boom of 2017. Tech analysis and your favorite shill will not save you, no one will but yourself and your intuition.

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[Bitstar_coin]

Very correct, important for everyone to dyor and invest on projects that already have a track record, and as for the upcoming bear market, it is inevitable only that nobody knows when exactly it will come,  it is necessary that everyone have it at the back of their mind that every day is not Christmas, enjoy while it last

[pealr12]

A word is enough for the wise, it is good to not get carried away while the market is still bullish thinking it will continue like that, I made that mistake back in 2017/18 not anymore,
Am always alert and ready to take the necessary action whenever that time comes, I have been around in this space enough to know the market is heavily manipulated, and it seems now it is even higher than before,  newbies will be at the receiving end when the market suddenly goes into bear mode, but am still hoping the alts season will give enough time for alts holders to take profit before the bear market,  as always invest what you are willing to lose.

[FloridaKid]

I've lost money to bull market, I've lost money to shitcoins, it's all a lesson now, once bitten is always twice shy I'd say, the market looks so deceiving presently, if I have to judge this correctly weve already been in bull market for a longer time already, it's complete stupidity if anyone thinks that things will remain the same, what goes up must come down, that is the perfect balancing

[Kabul]

You are totally right. Knowledge is the most important thing in the territory and newcomers usually too naive to believe in anything they hear about bitcoin, cryptocurrency and the possibility to get rich without investing much. This is not good at all because I have witnessed many of my friends losing their money in this field. I used to tell them to  acquire both knowledge and information before joining the crypto world but they never listen to me. And as the result, only few of them do make it and have a decent profit. Wolves are all over the internet waiting to steal all of your capital, and your wife too if they can lol 

2017 was such a nightmare to many people but also a chance for prosperity. Be a wise investor. Equip yourself with knowledge because it is the indisputable key lead you to success.

[finaleshot2016]

Just always do your own research and don't be FOMO because you will lose a lot of money if you join the hype where you don't have any idea about. We must have always researched each coin where we will put money because based on my experiences, there are many scams across the telegram and Twitter community that promotes easy x1000 money so better check those first before contributing to their pre-sale.

Make sure that you have also a good technical analysis and also make sure by using stop loss to save your money in case of mistakes in trading. Don't be fooled from some youtubers who're hyping some specific coins because I'm sure that some of them are just paid to do that.

[jacafbiz]

I do pity all these new users entering the space now that never participated in any bear market, we have entered the era of crazy valuation with all these NFT's hype, thanks to government printing ridiculous amount of money and entering the space, I expect one or two correction before the major run that is going to crash  market. My advice is to always pay yourself first

[omone1]

The sad thing is that people never learn from mistake. They chase shitcoins and leave good and solid projects behind, probably the price is slow to their taste, when they finally get bitten, they regret and call crypto scam. We have a lot of good projects that are yet still very cheap. I hope people will listen to the voice of wisdom.

[zasad@]

In 2017, there was a hype and the developers could not give us anything but promises. I don't want to look at the statistics of dead or non-working projects, but the fall in prices after the hype cleared the market and opened up opportunities for good projects.
Many projects are successfully developing, building their own ecosystems and it is profitable to invest money in them even now. For example: Ethereum. I do not give financial advice, but such projects will cost much more in the future.

[lionheart78]

There will be another bear market, there will be a day were the market once again falls through. Be prepared and be ready. No one knows when and how it will come, but it will come. Nothing in crypto grows forever and the majority of newer-projects (<6-8months) will die out, just like the ICO boom of 2017. Tech analysis and your favorite shill will not save you, no one will but yourself and your intuition.

I couldn't agree more.  After all this pump and surge, there is always a dump and crash after that.  But what important is that we should take the opportunity to learn and earn from this opportunity.   I would not dare to say that scams and shit projects are good, these are the things that tainted the image of cryptocurrency so we better do our own research and keen observation to identify them and best to avoid them.  There is no wrong in taking profit from this kind of scheme but it is more likely to lead us to a loss than getting a profit.  So we better be cautious if ever we dare to jump into this kind of scheme and invest in it.

[sayaya17]

Yeah that right, today many traders and investors are enjoying many profits of the bullish market. I'm also taking a moment right now
because this won't always happen. But actually, after learning from the experience and history  of crypto, this bullish  state will change
with bearish and that we can not know for sure when it will enter the bearish market. But we need to get ready that it's going to happen.

[Joel_Jantsen]

NFT's are the new cool and I can't wait for this trend to die out. I'm sick of the celeb news mentioning Celeb's name + an NFT worth millions already! Seems like these fools who had no idea what a cryptocurrency is are suddenly on the NFT bandwagon. The technology is good but the prices and the entire community are just toxic. No, I wouldn't pay 50,000 for a digital artwork that has no real-life value. Anybody starting out and if you're getting too excited with NFT's, wait a few months and see where this trends and then make a decision. Don't fall into this celebrity trap.

[Stalker22]

There will be another bear market, there will be a day were the market once again falls through. Be prepared and be ready. No one knows when and how it will come, but it will come. Nothing in crypto grows forever and the majority of newer-projects (<6-8months) will die out, just like the ICO boom of 2017. Tech analysis and your favorite shill will not save you, no one will but yourself and your intuition.

Definitely this! While we are enjoying the party, it is important to pay attention to all the moving parts so we can make the right decisions when the inevitable bear market hits. I generally take profits when I have good reasons to think the move is over. The market can and will eventually take the price down but you can still take a short position and ride the recovery from the drop as long as you don't sell at the bottom.

[asriloni]

Thank you so much for this reminder TK, I hope that the new comers will also try to take a few minutes to read your thread. The newcomers are not familiar with the crypto cycle and they have no yet educated about that,
Taking profit while we are getting good amount of money from our investment is a must.
There are so many newcomers these days in crypto. So many of them here to multiple their money. LMAO

[Bitbtc8]

I'm shocked that many people thinks bear market ain't coming back, they believe more money will keep pumping into crypto space, it thus feel true at one part but not the whole truth, I've been in crypto space since early 2015 and bear market is always a certainty

[SaiyanSS3]

Newcomer, Moonboys and Fools would come to this thread. Most of us here are highly scam conscious, let them taste the poison.

[Bttzed03]

~ Before investing your life savings into some random new shitcoin, be sure to have a clear thought processes on why you're investing in this crypto.

~ There will be another bear market, there will be a day were the market once again falls through.

~ Nothing in crypto grows forever and the majority of newer-projects (<6-8months) will die out

~ Tech analysis and your favorite shill will not save you, no one will but yourself and your intuition.

If you're a newbie and you hate reading long posts, these are the key points you should really take into consideration when you plan on investing.

Although the crypto market has matured significantly from the last two bull cycles, it can still be considered a wild west because it is unregulated. New projects aren't afraid to launch token sales because they can get away with it using their anonymity.

When it comes to these influencers/experts, they will all disappear or shut up once the bull run is over. They will wash their hands and tell you it's not their fault that you got caught up and didn't sell before the bear market.

[maxreish]

And those who think that they have chosen a right project, a good coin, they should reanalyze it again.  I still prefer those old projects, established ones that are still potential to choose until now. I dont say we cant trust those new ones but if those new projects proves that they are worthy enough and has a great use that can long survive in the marker, then there is no problem and we can choose them.

Especially that many scam projects, hackers and fraudsters are doing their best to get some victims by posting interesting and too good to be true projects with high rewards and high expectations. Just always be wise selecting those who have good project objectives.

[Bravehash]

And those who think that they have chosen a right project, a good coin, they should reanalyze it again.  I still prefer those old projects, established ones that are still potential to choose until now. I dont say we cant trust those new ones but if those new projects proves that they are worthy enough and has a great use that can long survive in the marker, then there is no problem and we can choose them.

Especially that many scam projects, hackers and fraudsters are doing their best to get some victims by posting interesting and too good to be true projects with high rewards and high expectations. Just always be wise selecting those who have good project objectives.

Exactly, it's why I only give Vechain and BNB some face, even NEO, this coins are far more profitable and stable at the same time unlike most altcoins that are too highly volatile, they are bad for quick trading and other, the truth is this bear could last longer but it's wise to be prepared for both sides, take profit and risk only what you can afford

[isaac_clarke22]

It's important to understand that the crypto market is being flooded by new users, new projects, new scams and therefore, fortunetellers. Before investing your life savings into some random new shitcoin, be sure to have a clear thought processes on why you're investing in this crypto.

~

Thing is people should've applied that knowledge already since 2017 when ICOs started to show its darker and shadier side.

Now 4 years had passed and some investors/bounty hunters are still like......