Another warning for every NEWBIE!

[Scripture]

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.


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.

[GeorgeJohn]

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.

actually you are right of not using one basket to bag your eggs, any investment is quite understood that it undergoes to processes, A advantages = PROFIT ^ B disadvantages =LOST^.  Investment is like risk taker so anything it result out is of your benefits

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.

emphasising in borrowing i really kicked against it. Since you know that what you are embarking on is via risk, so borrowing to run investment is not bad.

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.

when you say greedy is universal, because anybody what to get rich and more richer in all ramifications, what makes people to lose is inability of not detecting when is time to go out of the market, so this is from my perception

[cryptoaddictchie]

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.

[dansus021]

In fact this reminder for all kind of Investment instrument not just crypto. What happen in luna is off course bad especially in crypto. But if we had looked back what happen on doge or squid game that people going all in is bad. I know that most people using saving money to do investment and think they can make double from their initial value sometimes me doing like this. But before invest clear your head first and pray haha and off course do dyor

[Darker45]

1. DON'T USE YOUR SAVINGS FOR YOUR INVESTMENT ACTIVITIES.

Your money goes to all kinds of expenses. Whatever is left is a saving. You can further divide your savings into separate funds. A share of it may go for Bitcoin or crypto investment. The rest may go to your emergency and other miscellaneous expenses. My point is that invest in crypto with your savings, funds that are not intended for anything else.

This is the opposite of investing with borrowed money or any money that is not really yours.

But I guess newbies should be outright told to stay away from altcoins. If they do, they should be warned that their money is in a very risky situation and could perish anytime. Forget about indirect pieces of advice. Sometimes, they just couldn’t leave a mark. It is better to just say it straight, loud and clear.

[aysg76]

This crypto market is highly volatile and there are thousands of coins being traded at this time with so called Stable coins like UST pegged to dollar.But as you have seen they were giving guarantee of your savings being safe and you don't have to worry about risks see how much they have lost now.

But one more important implications above all is :

Don't invest blindly without any prior research:This is the thing most of the newbies do while entering thr crypto market that under influence they invest in these shitcoins promising big and having nothing utility in them but still we see billion dollar funds flow in them because people are investors not smart investors as have invested without any prior research of them.

There are many such instances where we see such things happening but people still place bets on them for losing their funds and the creators get rich out of them.So the best is to avoid them and have some amounts scattered in bitcoin rather than in these shitcoins.

[Finestream]

In fact this reminder for all kind of Investment instrument not just crypto. What happen in luna is off course bad especially in crypto. But if we had looked back what happen on doge or squid game that people going all in is bad. I know that most people using saving money to do investment and think they can make double from their initial value sometimes me doing like this. But before invest clear your head first and pray haha and off course do dyor

I think an investor if not use his savings to invest, then maybe he takes loan to invest.These are certainly red flags in an investment. However, for a smart investor, he should only invest on his extra money and on the amount he can afford to lose. Otherwise, he will make temporary profits but in the end, he will still suffer from losses because of the pressure thinking how to repay the debt or how to bring back his money savings.

[samcrypto]

CRYPTO INVESTING - SHORT REMINDER

1. DON'T USE YOUR SAVINGS FOR YOUR INVESTMENT ACTIVITIES
2. DON'T BORROW MONEY
3. DON'T BE GREEDY

These are the basic reminder yet many are still ignoring this and yes I also know someone who invested a lot of money on $LUNA with all the money she got. I've read her post about losing almost $1M and she's totally devastated luckily her family didn't give up on her and yes she is now recovering from this big loss.

I don't know what went wrong with LUNA but personally, I won't invest that much on any coin better to diversify it. Newbies should learn from this experience, investing with all your savings it not good and being greedy will result to a worst scenario so stay on your track and do your research always.

[pooya87]

Since you brought up Luna I thought it was Luna related but you just repeated what everyone else has said a million times. A better warning would have been to avoid centralized altcoins with no purpose such as Luna that try to fool people into thinking that they are useful, stable, offer this and that utility, etc. while they remain useless and their price can dump significantly simply because they have no value.

[Doan9269]

1. DON'T USE YOUR SAVINGS FOR YOUR INVESTMENT ACTIVITIES 

permit me to say it this way, don't use "all your savings" on a particular single investment, spread your seeds in other to have a bounty harvest in due time,

2. DON'T BORROW MONEY

this could be the worth scenario, why the rush, what creating a future panic and unrest all to yourself, sometimes attending business seminars and workshops really make some good expositions to how a business model is expected to run, risk to take and the ones not worth it.

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.

i so much admires this part, there's a saying that states "when an elderly man falls down, he looks back to trace and know the cause that led to his fallen" when making investment, failures atimes might have been as a result of greediness to making profits, and when discovered it is better to have a little and steady flow of income no matter how little than a mirage promise of high ROI when normally ended with disappointment.

[KingsDen]

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 was thinking it will be a very new and different stories of LUNA. Maybe discussing the recovery strategies like hard fork or many other things. Not the regular crash and suicide we've been hearing.

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.

I'm sorry and at the same time that people invest with all their life savings. Well, it can only be newbies and I did it in my newbie days in crypto. So, the best crusade would be to make newbies learn well before investing.

1. DON'T USE YOUR SAVINGS FOR YOUR INVESTMENT ACTIVITIES

If you can't use your savings for investment, what is the actual reason for saving in the first time. Just say, don't use all your savings for investment.

2. DON'T BORROW MONEY

You may remain poor in life if you want to have all the monies for your investment. Borrow if you have strategies of paying back.

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.

Well said, too much of everything is not good. Be disciplined and exit when necessary. [/quote]

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.

That is the conclusion of the whole matter, invest what you are able to lose.

[aysg76]

Since you brought up Luna I thought it was Luna related but you just repeated what everyone else has said a million times. A better warning would have been to avoid centralized altcoins with no purpose such as Luna that try to fool people into thinking that they are useful, stable, offer this and that utility, etc. while they remain useless and their price can dump significantly simply because they have no value.

This is the case with most of the investors that they invest without any research of their own and under the influence of so called paid crypto influencers who are Shilling fake information about the project to pump it and the big whales and token creator make money out of them as project is baseless.

Investors who don't have knowledge have their own pre assumptions regarding bitcoin that it's too volatile,too expensive and can be dead but they are easily eroded in these shitcoins that they invest more than they afford to loose because once you have invested in these shitcoins money is automatically lost most of the times.The recent example of stable coin going to zero is perfect case for them but they will not understand it and keep on the way so we will see such scenarios each time.

Hold bitcoin if you can for long term for future growth.

[Pmalek]

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.

[tjtonmoy]

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.

As a newbie, I am learning every day in here. This is such good advice.
 For myself, I've made a plan on my earnings. It helps a lot.
I divide my assets into 75% & 25%
I keep the 75% as a saving and emergency usages.
25% on the other hand, I use it for various reasons.
10% (out of 25%) for investment
10% for trading and lastly
5% for day to day life expenses

This is a great way to keep your money safe. BUT in crypto world, never listen to others.
Do your own research and make a plan that will help you save your money and make more out of it.

[cheezcarls]

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.


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.

I have encountered many Filipinos on Facebook who are either one of these three (and maybe all of them) because they are getting FOMO’d not just on LUNA, but in any other project before until today as they are not doing their own research.

But most of them I have encountered is that they’ve spent all of their life savings into LUNA and futures trading without doing much research, no to very less experience, etc., that results for them to being greedy and losing everything.

There’s one stock investor I have encountered who is going all-in on LUNA and futures trade. He was suppose to get married with his long time girlfriend, but ended up losing everything of his life savings because of this decision. We just simply can’t do anything about it anymore except learn our lessons, reflect and move on.

[Hypnosis00]

...
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.

I don't see any wrong with borrowing money if the reason is to start for investment. But what went wrong if we use it to invest the wrong coins.
Maybe I'm wrong but this idea has been a practice for many years ago, we just adopted it but neither we have to change this for as long as we know what kind of investment we have.

I agree also that there is a disadvantage to doing this, however, I don't find it a big mistake. In fact, many rich people commit debts to run their business, they'll take risks as well, the same thing we do upon investing in crypto.

[Kasabus]

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.


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.

Those are the golden tips on how to avoid losses in all types of investments. Also, before you start to invest, always know the risks and its pros and cons because if you can't handle its pressures in the future, then don't bother investing in the first place. The moment you quit in the middle of your investments, you will only suffer from huge losses in the end. Particularly for crypto, this is a very volatile investment, so one should not expect for quick profits so you will not be misled.

[Fivestar4everMVP]

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.

This is the worst mistake anybody can make, this in particular is not for newbies alone, though the impact on newbies will likely be worst due to their lack of enough experience and knowledge to make proper decision of how to invest their borrowed money.
But we still need to advice everyone, even the not so newbie kind of investors amongst us to avoid borrowing money to invest in crypto.
Only do this if you are 100 % sure you will have no problem paying back the money even when the money gets lost, and that even after paying back the money, you will still be fine with your family.

I've heard stories of people who borrowed huge sums of money and invested it in crypto, and unfortunately, they haven't gotten the money back and the date for repayment of the loan arrived, it became a big problem for them and their families, worst of it all is borrowing money from banks, banks show no mercy , they don't mind throwing you and your family out of your house and putting up the house for sale, so better watch it and avoid that has to do with borrowing to invest in, not just crypto but also, other financial instruments.

[AakZaki]

this is a reminder for everyone, not just newbies.
If in a state of urgency someone will definitely do the unexpected. Using savings, borrowing money for investment, of course it has a high risk, because there will be a return that is deposited and the savings that have been collected will be used. If it is forced, then you must be absolutely sure that you can return what has been borrowed.
Last but not least, don't be greedy, of course this is the nature of all human beings, just how can you maintain your psychology well, if you're already profitable, don't expect too much.

[Viscore]

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.