A blind investor's confession

[TelolettOm]

1. I have the money but not the knowledge of picking the right coins to invest money on.

Commonly this really happens to the new people who want to invest in cryptocurrency moreover because of any hype, other person's success, and other reasons.
If you have the money but you don't have enough knowledge, I suggest you start by learning at first, not signing to invest directly without any knowledge.
It is risky because you want to ut your money but you don't know in what thing you will invest, this is holy risky.
No need to hurry up to invest, moreover no need to only follow the hype and FOMO for investing.Think about the future investment that you are going to do, and seek more about the knowledge, once again

[lienfaye]

Most of my money are gone through fake meme coins and now after a few search online I came to know that meme coins aren't even important at all, dogecoin just receive a favour from Elon musk is all, please I need help.

What you're lacking is the knowledge that you forget to prioritize doing to help yourself understand crypto investment.

But because you didnt follow the basic rule before investing your hard-earned money, you end up committing wrong decisions that cause you losses. Anyway you're aware of the mistakes you did, that experience will make you realize the importance of having knowledge because its your stepping stone to be in the right direction when investing.

[Slimzeee]

I’ll say I have similar experience mostly during the shiba inu era. I was so pumped and dived into the project without making quality research  and right now it’s not really a good story to write home about.. Not just shib but other alt coins as well.. But now I know better. I only invest on my own research that if I’m considering alt coins.

[TreyARC]

I have lost up to 700$ to junk and scam projects before I decided to learn from scratch, I thought to myself that I knew nothing about this stuff, imagine seeing your friends getting better results from their investments and only you a total failure, the thing is you cant come out with a flying colour if you push aside learning first, it will also cost you loss of money.

[Eduardo Musskopf]

Good Morning. How are you? I'm new here, looking to understand a little more about this BTC market.  https://bezelinvestments.com/pt/gestao-de-bitcoin/ I met through this site, and now I'm looking for other channels to improve myself, after all there is always the fear of taking risks. Do you use a broker to make this investment, or do you risk it individually? How do you know if it's a good time to buy? Thank you for any information that can shed more light on this matter. Eduardo Musskopf

[Masplanc]

It very wrong to take risk blindly for investing and not getting to know if the coin that is to be invested if it is real. Some people would say life is all about taking risk, taking risks blindly is beyond taking risk. A good risk one  need to be 70% sure it may sure work out to be real.

[lovesmayfamilis]

2. I bought a lot of altcoins because they are new, thinking I will make better money from those projects but almost all turned to exit scam right in front of me.

I accidentally stumbled upon your topic and remembered myself. I also previously thought that whatever is new could become successful in the future. Therefore, there were a lot of mistakes with new coins, which, of course, were subsequently turned into dust.

In cryptocurrency, in fact, according to my feelings, everything has long been invented. And any project that seems new to us is actually a repetition of someone else's idea earlier.

The most reliable is, and will be, bitcoin. Maybe this is turning into a religion for many, but today there are very few coins that you can really trust with your money.