Quick advice to new crypto investors

[sujonali1819]

After this massive bull run to 63k, Personally I don't believe now this Covid pandemic can do something bad for BTC. This can only help to sudden decrease in price. Again after few days,week or month bitcoin will rise and hit it's new ATH. That is happening last 11 years.


btw there is no alternative of doing own research before investing  in crypto.

[GeorgeJohn]

Cryptocurrencies investment, it's all about  movement of step by step , i think you should have undergo or understand the concept of cryptocurrency first before adventuring into it, investing in cryptocurrency is nice but you emphasising that cryptocurrency show's it potentiality during covid19...lol.does it mean that before pandemic crypto Lacks potentials..the answer is No because cryptocurrency is already in existence before pandemic and people has been investing on it in different dimensions or occasions, so at this juncture you have to make a proper research about cryptocurrency, or your long time stay in the bitcointalk community will expand you or educate you for preferable methods of cryptocurrency investment, try to observe the community by following the trading section and altcoins section, including bitcoin discussion board to give you more information about cryptocurrency.

[Rengga Jati]

A lot of newbies are being screwed by platforms offering high ROIs for their investments. If their motto is somewhat, deposit this x amount of crypto, and you will get paid 100- 1xxx% profit in few days, then more than likely, this is a ponzi scheme or a scam in the making. Don't get attracted with high ROIs, because most of the time you can't even get your initial funds back. And also, don't believe to strangers suddenly sending you a pm in telegram or any social media channel "wanting" to help you in crypto investments.

That is a very common scam that happens, and we look funny when they also have certain telegram groups with fake members account chatting with each other, trying to ensure the other real members that they have cashed out the profits only in one night. And badly, many people (especially newbies) are trapped, and they deposit money and get nothing.
This happens very often in my country, until it was in national media and news, Scammed by crypto as they said.
So, this also will make the reputation of crypto down again, and ordinary people think that crypto is full of scams. While they themselves are not willing to learn and asking at first before putting in money.

[Kiley33]

I wanted to give you some advice, but from the beginning to the end, I think everyone is right and I have gained a lot. Whether you are investing in cryptocurrency or other things, keep your mind clear, don’t Panic due to a normal decline. In the field of investment, the ups and downs are normal. Keep your original intention and remember to do what you can. You must have enough funds to invest. Don’t listen to other people’s persuasion. Investing after I understand it.

[Shamm]

Another advice is that always think of investing with the sole amount that you afford to lose. Even if the market has recently dropped down, you can always have that mindset that you'll eventually profit from it. But even so, you have to invest only what you can afford to lose. This is a reminder that you'll always hear when someone asks for an advice about crypto investments. Because there were newbies that invested a huge amount without understanding every single thing that they do.

Thanks for the advice this is relevant idea for me regards investment ,since I'm new here I'm really interested to learn new thing and surpassed all I encounter this advice for me is great gratitude that I will use it for my understanding.

[John Jefferson]

My suggestions as a rookie are: 1. First of all, don't blindly follow others at any time, and have your own judgment. 2. When entering the field of cryptocurrency investment, you must make sure that you have carefully studied relevant knowledge, and don't just be greedy for profit for a while. 3. The market has changed a lot. If you don't have strong enough psychological endurance, please don't invest a lot of money. You can try out a small amount of money that does not affect your life. 4. Finally, I also advise you to think carefully when investing. Bitcoin can be held for a long time, but other altcoins are extremely risky. Before you fully understand the market, remember not to invest in small unknown projects. They It is most likely a scam.

[akirasendo17]

my advice is don't just put your money right away, if you heard that there is a big profit, instead make research, study how things work, wait for an opportunity, don't think of your too late if you don't put the money it will be your regrets, and also this one is most important if the market goes red that's an opportunity, people I heard say it will die now, but people who are not new to that situation, take it as an opportunity to get ahead of others.

[clorasteinberg]

Also, crypto markets are not always profitable but you can still earn if you have a strategy with yourself.

[GeorgeJohn]

Also, crypto markets are not always profitable but you can still earn if you have a strategy with yourself.

Cryptocurrency market can only be profitable when you know the rudiments of cryptocurrency, and i noticed that while some people get lost towards cryptocubutrrency market is because some of them just rushed into it without knowing the basic knowledge or refuse to follow the basic precautions that can leads to the pathways of lost, those that keeps on making well into it are informed, so when you are not inform, it's obvious that lost will occur with a greater heights.

[passwordnow]

Also, crypto markets are not always profitable but you can still earn if you have a strategy with yourself.

Cryptocurrency market can only be profitable when you know the rudiments of cryptocurrency, and i noticed that while some people get lost towards cryptocubutrrency market is because some of them just rushed into it without knowing the basic knowledge or refuse to follow the basic precautions that can leads to the pathways of lost, those that keeps on making well into it are informed, so when you are not inform, it's obvious that lost will occur with a greater heights.

It is a common mistake being done by the newbies because they're rushing with the profit that they're projecting on their minds without calculating the risk that they should take. When some news comes out, they'll FOMO and that's most of the newbies are not cultivating in this domain because they truly lack of knowledge on what they've entered and all they think is that it's an easy money that goes hand in hand without any basic knowledge towards the cryptocurrency market.

[Connor Britton]

If your friend is also in this encryption market, you can listen to the advice of your friend, but do not listen completely, have your own thoughts, keep calm, I and my friend is like this, share with each other, do not act impulsively, to have the courage to accept failure, my friend investment failure, I persuade him, he took a week to come out, and confidence to continue to invest in the encryption market, I should actually learn from him, adjust the state.