Another warning for every NEWBIE!

[mm2543363580]

2. DON'T BORROW MONEY - Many still do the same mistake like this and when the market turns to negative, they are also drowning and the situation will get worst simply because they use the money which is not them. If you want to become profitable, save for your capital first.

Borrowing money can be the worst mistakes in cryptocurrency  that anyone one can make.  Borrowing money to invest in cryptocurrency should be one of things no one should make attempt to do. Invest with all the money that one has is so risky,  then think of Borrowing money from some where else to invest how risky it will . It is better never to trade ot invest when their is no money than to borrow. .

I like to play with my money and I have never borrowed money - the only time I borrowed the money was when I needed it for urgency.
I had sleepless nights till the time I paid back all the money.
So if you want to gamble work a little harder so that you have some extra money to try your luck - If you loose - stop right away!

[Gosgosking]

Borrowing money for investment has it's advantages and also greedy isn't that evil like many are saying, been greedy at the right time can yield insane reward, being greedy when others are fearful is the best move in crypto space, that's the time you want to be buying.

So how can one know when is the right time to be greedy, you know cryptocurrency is unpredictable to know when is the right thing . I don't see any advantage of borrowing money to invest in cryptocurrency,  borrowing money is risky that it is unpredictable to know if it will yield profit or not.

[Ethan151]

I know most of us here already knew what happened to $LUNA but for the sake of beginners, I want to reiterate and give a warning about investing and going all in on this market.

I saw a post online in our local group about money investing and he shared his experience their about losing all his life saving money because of $LUNA investment, this is very heart breaking and that guy really want to end his life which I hope he wont do it. This is why I want to list some of the reminders about crypto investment and I hope every beginners here won't do the same mistake.

CRYPTO INVESTING - SHORT REMINDER

1. DON'T USE YOUR SAVINGS FOR YOUR INVESTMENT ACTIVITIES - Use your separate funds if you are going to invest on any market and make sure that you are ready to lose that money because investing is not a guaranteed way to make profit, so have some funds for this.

2. DON'T BORROW MONEY - Many still do the same mistake like this and when the market turns to negative, they are also drowning and the situation will get worst simply because they use the money which is not them. If you want to become profitable, save for your capital first.

3. DON'T BE GREEDY - If you already lose money, you should stop for a while and study again so you can know what's wrong with your strategy and start analyzing again so you can do better next time.

From the three point raised on short reminder well they are nice but somehow I disagree with you because you’re trying to make those who are brave to take the bull by the horn afraid, life is risk all the person who wants to invest should know about that and the chances before making the move. Everyone does not have the same grace, I might borrow some money to invest and it’s turns out to yield a profit, or I might use my last saving and it worked out good. When you want to have breakthrough, you need to pay some sacrifices and something that worth it.. even Jesus gave his last and only son to gain the world as Christians believe

[mm2543363580]

From the three point raised on short reminder well they are nice but somehow I disagree with you because you’re trying to make those who are brave to take the bull by the horn afraid, life is risk all the person who wants to invest should know about that and the chances before making the move. Everyone does not have the same grace, I might borrow some money to invest and it’s turns out to yield a profit, or I might use my last saving and it worked out good. When you want to have breakthrough, you need to pay some sacrifices and something that worth it.. even Jesus gave his last and only son to gain the world as Christians believe

Did you know that gambling is prohibited in many part of the world.. the casinos are not much advertised on insta and facebook because of the community issues.
There are more forum which are working to warn people to be very attentive while gambling. Because it makes you rich in a min and it leave you on the road in the same moment. SO better safe than sorry

[minime0105]

I saw a post online in our local group about money investing and he shared his experience their about losing all his life saving money because of $LUNA investment...

Investing all the money you have into an altcoin is wrong in so many ways. It's as if you were to take everything you owned and put it on black on roulette. Just let the ball decide. Investing your life savings into Bitcoin is already an awful thing to do, let alone putting everything on an alt. Unfortunately, no matter how many times this is repeated, people will continue to gamble and speculate with money that can destroy their lives and well being.

I agree with you on this, it is risky for some one to invest all life savings in bitcoin  and it's crazy to expect much return from an altcoin that has no future or history, greed has been the major reason why people invest all they have with the hope of making huge profit that is gambling, this is not about LUNA, this about the mind set of investors who will always cry when the market doesn't favour them but will never find out the history of a coin before putting iin funds.

[Markinzo]

This is just a short reminder since I want to highlights the important things you need to know before investing.
There's a lot of news about suicide incidents because of losing money on their investments, and I don't want you to ended up on the same path so please do your own research first and again invest only what you can afford to lose.

Suicide reports are probably the worse. Newbies must be not careless and join the bandwagon cause it hyped. The Luma incidents show how bad it is for some investors who even loan their investment for such projects. Yes luna has a good experimentation process of stablecoin however there are some plots they didnt see coming and vulnerable to such whale aggresive powers. What I hate is the founder is so arrogant maybe this is karma for him but bad for the investors whom suffered more.

Newbies should never resort into suicides whenever their investments are not meeting their expectations. Investments have always its chances to fall, some may take a long time before it falls, while others shut down easily after a week or two. So investors should always be open that not all investments work, and that they should never lose hope and still focus on the positive things that will bound to happen in the future. And always invest on the amount they can afford to lose to avoid life's struggles and miseries in the future.

A good piece of advise you have given here but many would still not buy into it. Sometimes I wonder why some people refuse to expect that there may be disappointment in the process of investing, cause with such an expectation and in addition to putting a certain amount you can let go if loss will really go a long way in saving many lives from suicidal thoughts.

I little addition to every newbie and others out there is that, don't invest if you are not ready to loss.

[mm2543363580]

A good piece of advise you have given here but many would still not buy into it. Sometimes I wonder why some people refuse to expect that there may be disappointment in the process of investing, cause with such an expectation and in addition to putting a certain amount you can let go if loss will really go a long way in saving many lives from suicidal thoughts.

I little addition to every newbie and others out there is that, don't invest if you are not ready to loss.

Crypto is very risky thing to deal with. There is so much hype that one can become rich after investing in crypto and many newbie makes the mistake of investing without research and they go crazy when they lose it. There are always so many scams when it is money matter. So better safe than sorry.

[Shamm]

I saw a post online in our local group about money investing and he shared his experience their about losing all his life saving money because of $LUNA investment...

Investing all the money you have into an altcoin is wrong in so many ways. It's as if you were to take everything you owned and put it on black on roulette. Just let the ball decide. Investing your life savings into Bitcoin is already an awful thing to do, let alone putting everything on an alt. Unfortunately, no matter how many times this is repeated, people will continue to gamble and speculate with money that can destroy their lives and well being.

I agree with you on this, it is risky for some one to invest all life savings in bitcoin  and it's crazy to expect much return from an altcoin that has no future or history, greed has been the major reason why people invest all they have with the hope of making huge profit that is gambling, this is not about LUNA, this about the mind set of investors who will always cry when the market doesn't favour them but will never find out the history of a coin before putting iin funds.

Investing your savings for coins for me it's not right decision cause if you get scammed all your effort will be lost.  Cause in investing you should take a risk cause the price of Bitcoin is volatile and the movement of the market was not predictable. If you I will invest it's better to invest with your extra money or exist money to prevent regret. But we can not force greed people cause all they want is to get profits in short period of time without studying the coin or the site before taking action and if they will get scammed Regret will be follow.
So we need to be careful study and don't be greedy.

[mm2543363580]

Investing your savings for coins for me it's not right decision cause if you get scammed all your effort will be lost.  Cause in investing you should take a risk cause the price of Bitcoin is volatile and the movement of the market was not predictable. If you I will invest it's better to invest with your extra money or exist money to prevent regret. But we can not force greed people cause all they want is to get profits in short period of time without studying the coin or the site before taking action and if they will get scammed Regret will be follow.
So we need to be careful study and don't be greedy.

That is so true - my friend lost 5000 $ in crypto in a few seconds. He has holding the phone in his hand and was looking at the waluet being hacked and money going away. He didnot sleep for almost 3 nights. That is crypto world. All your efforts go in waste in a jiffy. So volatile!

[Issa56]

Crypto is very risky thing to deal with. There is so much hype that one can become rich after investing in crypto and many newbie makes the mistake of investing without research and they go crazy when they lose it. There are always so many scams when it is money matter. So better safe than sorry.

I believe most newbies just jump into cryptocurrency just because of the hype, they don't really understand what cryptocurrency is all about thats why at the end they always end up losing all their money and always regretting why the invested in Cryptocurrency. Most newbies when they were introduced to cryptocurrency they only told them  about the profit aspect and they didn't tell them they can loose all the money they invested because you can't trust any project. My own advice is that nobody should borrow money to invest in cryptocurrency.

[tvplus006]

So how can one know when is the right time to be greedy, you know cryptocurrency is unpredictable to know when is the right thing...

The easiest signal when you should sell coins is to reach a level where the profit size suits you. If you want to use one of the tools of the graphical figure, you need to proceed to the study of Fibonacci levels, after studying which you will be able to decide on your own in which price range it is necessary to open or close an order.