My thoughts and now my experience.

[xSkylarx]

With cryptocurrency becoming more popular, newbies these days are very aggresive when they invest on crypto which most of them think that it is a quick rich scheme. They are easily influenced on what they saw on internet platforms like tiktok or youtube. They are too focused on the potential profit of investing in crypto that they tend to forgot learning its fundamentals.

This is the mindset of every newbie, they only see cryptocurrency as something that can only bring profits.  Most newbie are not aware that crypto is volatile because most of them fails to make research to understand what crypto is all about. I have been lots of people who are making plans to start up cryptocurrency and all this people I have seen they have the same mindset toward cryptocurrency. Newbies finds it difficult to do some research about cryptocurrency to understand the risk factors .

People should take the crypto space as a site for business, but what they do is they treat it as a gambling house. Many people think they will make a lot of money even if they put their money in a meme project which team has promised it to be the next shiba inu or doge coin. Trusting project team also a mistake that newbie does when entering this market.

You are correct, many people are unable to see the difference and they think that just because they are part of this market and they put money in one of the thousands of coins in this market then they are traders already, but this is a lie, to become a trader you need at least a few months of arduous study and most likely you will need years before you can actually trade with the skill necessary to make money in the markets, and this explains why we see so many people losing money in the market as deep down they did not knew what they were doing.

I think you are referring to professional trader which has a long I think you are referring to a professional trader who has long experience trading cryptocurrencies. You are already a trader once you hit the buy and sell buttons, no matter if you have no knowledge at all or are a newbie, but that doesn't mean that you can start making money right away. That's where practice, reading, and learning everything about trading come in. There are no certificates or years that could now lead you to conclude that you are a trader. Earning a profit from trading really requires a lot of patience and years of understanding before you see the results of it.

[tvplus006]

...You were just made stronger by the experience; nonetheless, this does not imply that you have mastered cryptocurrencies.

At the moment when we begin to believe that we have figured out the intricacies of trading, that when we usually make a big mistake, which leads to a complete loss of money. Therefore, we must assess the risks every time and stick to our trading strategy.

[sulendra12]

I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

This is correct.

Most of the newbies are asking what coins should they invest, but they don't know why they choose those coins because they just blatantly choosing it from other person picks without actually researching why and what are the reasons behind this and then they blame crypto because it's "bla bla bla". That's what common newbies actually are in my experience.
Do some research first before doing anything even you pick it from other person, so you can actually learn and try it by yourself once you are ready.

[blockman]

One guiding principle, particularly when investing in new ventures.
Don't allow your successes fool you into thinking you are an expert at it. Always pretend to be a novice so that you may challenge whatever they say.
When we are in the dark about something, we love to ask questions back. It is better to be in that position once more to avoid wasting money.
Skeptical.
You were just made stronger by the experience; nonetheless, this does not imply that you have mastered cryptocurrencies.

That's a good lesson and a right thinking there. It's true that when someone got some success investment, they think that they're the best on it and considers themselves as experts.
Don't get fooled by that because you'll never know what mistake you may do and it's better to have that side of always eager to learn more new things in terms of investments, especially in the crypto market.

[LUCKMCFLY]

One guiding principle, particularly when investing in new ventures.
Don't allow your successes fool you into thinking you are an expert at it. Always pretend to be a novice so that you may challenge whatever they say.
When we are in the dark about something, we love to ask questions back. It is better to be in that position once more to avoid wasting money.
Skeptical.
You were just made stronger by the experience; nonetheless, this does not imply that you have mastered cryptocurrencies.

That's a good lesson and a right thinking there. It's true that when someone got some success investment, they think that they're the best on it and considers themselves as experts.
Don't get fooled by that because you'll never know what mistake you may do and it's better to have that side of always eager to learn more new things in terms of investments, especially in the crypto market.

I think you have to think about something that is like the basic concepts, and that is, as long as it is about Bitcoin and altcoins, it is known that the King will always be Bitcoin, if bitcoin is doing well, then by nature all altcoins will it will go well, that is something that cannot be denied, for me that is the main one of all the major concomitnos and the other thing that must be taken into account is that many will say that X altcoin rose in price despite the fact that Bitcoin fell a lot, the people should know that these currencies that rise so much are those that survive from large pumps and dumps, that is something that must be taken into account, and that most of the time bitcoin will always have very high ATH.

[Mr. Magkaisa]

Your last line was amazing and it's the reality in crypto world. If you want to earn without learning properly you may fall into a risk and lose funds. We should have much knowledge about crypto before planning to earn.

It's very obvious that nobody succeed in cryptocurrency without having the basic knowledge of cryptocurrency, but some people who rush and venture into cryptocurrency continuously to get lose in cryptocurrency because they have not scrutinized the system of cryptocurrency investment before venturing into it, you have to learn the basic concept of cryptocurrency first before investment, so it's my advice to the newbies.

  - It's true what you said Sir, there are just a lot of people entering the crypto business these days who think it's easy to make money here. They don't think that ideas and knowledge are necessary so that whatever capital we have here is not wasted.

Because the others who are newbies are taking risks because of the little knowledge they have heard about cryptocurrency or bitcoin they feel they already know everything in the field of cryptocurrency. It is not necessary to be an expert, but enough knowledge or just the basics will help newbies a lot.

[xSkylarx]

One guiding principle, particularly when investing in new ventures.
Don't allow your successes fool you into thinking you are an expert at it. Always pretend to be a novice so that you may challenge whatever they say.
When we are in the dark about something, we love to ask questions back. It is better to be in that position once more to avoid wasting money.
Skeptical.
You were just made stronger by the experience; nonetheless, this does not imply that you have mastered cryptocurrencies.

That's a good lesson and a right thinking there. It's true that when someone got some success investment, they think that they're the best on it and considers themselves as experts.
Don't get fooled by that because you'll never know what mistake you may do and it's better to have that side of always eager to learn more new things in terms of investments, especially in the crypto market.

This is still a newbie move; like their first trade, they win and think that what they do is always working in their next trade. They will then start boasting about it but usually when they try it again, they will realize that it is not always working and start losing money. That is also a sign of a lack of knowledge when trading or investing, which still needs to learn more. Those we call experts do not call themselves experts mostly because they are still learning, even though they already know a lot.

[Eureka_07]

<snip>

To support the idea of "Experience is the best teacher", I also had the same experience with you, before I invested in any projects though, I tried to give myself the necessary knowledge. However, some of these are not enough to understand it well. Later on, I proceeded on investing small amounts in various projects... some of which are successful, and some are which I got scammed. From that, I understood their processes, furthermore, these experiences helped me to become less vulnerable to fraud projects.

[gunhell16]

Here's my piece of advise to all new comers or neophyte who try to enter here in the cryptocurrency,

Every mistake we make in this industry will open our minds to the dos and don'ts to achieve what we want to earn in the world of cryptocurrency. This error that we will experience here can push us to continue or not with the matter that you will enter here.

So my question is can we face the challenge of failing or dare to fail? Because if anyone new to the crypto business can't deal with this, all I can say is that this opportunity in cryptocurrency or bitcoin industry is not for you, that's as simple as that dude.

[tvplus006]

...I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

The main thing in trading is not to lose your deposit and this is relevant not only for beginners. And this cannot be done without proper knowledge about trading and cryptocurrencies in general. It is knowledge combined with experience that will give you the opportunity to make a profit.

[Elneni]

Many of our cryptocurrency communities are misled and deceived by news about crypto because others are paid to become victims or are given false information about crypto.

[cozytrade]

I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

This is correct.

Most of the newbies are asking what coins should they invest, but they don't know why they choose those coins because they just blatantly choosing it from other person picks without actually researching why and what are the reasons behind this and then they blame crypto because it's "bla bla bla". That's what common newbies actually are in my experience.
Do some research first before doing anything even you pick it from other person, so you can actually learn and try it by yourself once you are ready.

Just think what if the USA declare all the crypto as security then what will happen to these 12000+ token that is circulating in the marketplace? Most of them will be worthless and Many people from the USA will be forced to sell their tokens. We know this will have a very bad impact through out the whole crypto space. I think they are going to announce all the POS as security and ETH will be the first to the tank.

[stomachgrowls]

...I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

The main thing in trading is not to lose your deposit and this is relevant not only for beginners. And this cannot be done without proper knowledge about trading and cryptocurrencies in general. It is knowledge combined with experience that will give you the opportunity to make a profit.

Experiences could really bring out that learning which you do really needed and the primary thing that you should target out is on how to sustain yourself within this market.Its normal for you to commit out mistakes

and this is where self acceptance in related with errors and mistakes.This is why its really important on making yourself aware at least on what are the possibilities so that emotional aspect is somewhat
really that prepared and able to bare out on those times.

You would eventually get nor gained up knowledge as you do go forward.There's no one start on being a pro or simply means that everyone start on being a noob.
Just dont make yourself on rushing up on things for you to mind that you could really handle out everything on first try which is really a bind mindset to have.

[KingsDen]

Those that came earlier than us were lucky because the market as of them was not as fraudulent as it is today. There was little or no scam coins then, if you can buy some coins for yourself would hold for sometime it will rise into profit and you'll be happy in the market.
But today such cannot be said because apart from bitcoin and maybe three or a little more altcoins, buying any other coin and expecting it to rise in the future is at your own peril.

So, the level of learning required of any one is even more higher now than before. Presently you don't only have to learn, you need to be very smart .

[sana54210]

Experiences could really bring out that learning which you do really needed and the primary thing that you should target out is on how to sustain yourself within this market.Its normal for you to commit out mistakes

and this is where self acceptance in related with errors and mistakes.This is why its really important on making yourself aware at least on what are the possibilities so that emotional aspect is somewhat
really that prepared and able to bare out on those times.

You would eventually get nor gained up knowledge as you do go forward.There's no one start on being a pro or simply means that everyone start on being a noob.
Just dont make yourself on rushing up on things for you to mind that you could really handle out everything on first try which is really a bind mindset to have.

Experience is the sauce to the food, you can cook any food without any salt or pepper or any other sauce but at the end of the day it’s not going to be a good food. Reality is that the difference between cooking a pasta with just water and nothing else, versus cooking a fettucine alfredo will always be very different in taste. If you lack everything and just need to feed yourself so you don't starve, then either will do, but if you want to eat good food, you will pick the latter.

So, you can learn trading as much as you want, just study for 10 years with no trading at all, pure studying and know every possible thing about it, but if you don't trade and learn, you will fail.

[Jody.Drummer]

Here's my piece of advise to all new comers or neophyte who try to enter here in the cryptocurrency,

Every mistake we make in this industry will open our minds to the dos and don'ts to achieve what we want to earn in the world of cryptocurrency. This error that we will experience here can push us to continue or not with the matter that you will enter here.

So my question is can we face the challenge of failing or dare to fail? Because if anyone new to the crypto business can't deal with this, all I can say is that this opportunity in cryptocurrency or bitcoin industry is not for you, that's as simple as that dude.

In the cryptocurrency space requires a very strong mentality with all the possibilities that will happen here. Adequate knowledge accompanied by experience will shape our mentality. But not infrequently they also give up because their mentality is not too strong when they experience losses. That is why we are advised to use money that we are prepared to lose. There are many factors that influence where the price will move and we are required to understand all of them. It doesn't have to be fully understood, the most important thing is that we know the basics about it.
Nothing is easy in the world of trading or investing, everything has its own risks, but it can be prevented as long as we are willing to learn. Especially for beginners, of course they will be confused at first, and it is recommended that they have people who can be asked so they don't move without a knowledge base.

[stomachgrowls]

Experiences could really bring out that learning which you do really needed and the primary thing that you should target out is on how to sustain yourself within this market.Its normal for you to commit out mistakes

and this is where self acceptance in related with errors and mistakes.This is why its really important on making yourself aware at least on what are the possibilities so that emotional aspect is somewhat
really that prepared and able to bare out on those times.

You would eventually get nor gained up knowledge as you do go forward.There's no one start on being a pro or simply means that everyone start on being a noob.
Just dont make yourself on rushing up on things for you to mind that you could really handle out everything on first try which is really a bind mindset to have.

Experience is the sauce to the food, you can cook any food without any salt or pepper or any other sauce but at the end of the day it’s not going to be a good food. Reality is that the difference between cooking a pasta with just water and nothing else, versus cooking a fettucine alfredo will always be very different in taste. If you lack everything and just need to feed yourself so you don't starve, then either will do, but if you want to eat good food, you will pick the latter.

So, you can learn trading as much as you want, just study for 10 years with no trading at all, pure studying and know every possible thing about it, but if you don't trade and learn, you will fail.

Or simply sticking out with the theories without actual experience would be entirely be that useless or not really complete at all since it would really be that lacking and there are indeed things which is really

that crucial for you to be able to learn up or shall we say complete.In regarding into your definition or assumptions basing on those situations then it is really that precise and i heavily agree with that.

You cant able to learn up things if you dont able to try for yourself which is actually that you do need to do so, if you are really that serious on learning and sustaining
it for longer time or duration.So its up to your own choice!

[Anguwa]

I have experienced the bitter side of Cryptocurrency and now I don't need someone to tell me that crypto can bite. Moving forward I would pay more attention to learning and asking questions too, all I can say to the newbies is that grow your brain before you try to grow your portfolio.

The best way to learn is through experience, wise people have said. Your limited experience will serve as some guidance for you now that you are aware of the importance of having thorough knowledge about cryptocurrencies—rather than just a basic understanding—before investing in them because of the inherent risk. I'm hoping other forum users and newbies will take these into account so they can use the current bear market wisely and without making mistakes.

[fullhdpixel]

In the cryptocurrency space requires a very strong mentality with all the possibilities that will happen here. Adequate knowledge accompanied by experience will shape our mentality. But not infrequently they also give up because their mentality is not too strong when they experience losses. That is why we are advised to use money that we are prepared to lose. There are many factors that influence where the price will move and we are required to understand all of them. It doesn't have to be fully understood, the most important thing is that we know the basics about it.
Nothing is easy in the world of trading or investing, everything has its own risks, but it can be prevented as long as we are willing to learn. Especially for beginners, of course they will be confused at first, and it is recommended that they have people who can be asked so they don't move without a knowledge base.

When we say money that is prepared or afford to lose, that money isn't really huge. When we lose, we still have money left to continue and try again.

When keep on doing this, experience is also building. Indeed that having a basic knowledge at least on factors that influence the price is fine because they are sometimes not guaranteed but the price can still be able to move on its own, like for example when there is negative news, we then think the price will fall. This is true sometimes but sometimes the price can continue to rise. In your last part I think what you mean there is to have a mentor but that can cost money. Learning on our own way is still the best.

[borovichok]

When we say money that is prepared or afford to lose, that money isn't really huge. When we lose, we still have money left to continue and try again.

When keep on doing this, experience is also building. Indeed that having a basic knowledge at least on factors that influence the price is fine because they are sometimes not guaranteed but the price can still be able to move on its own, like for example when there is negative news, we then think the price will fall. This is true sometimes but sometimes the price can continue to rise. In your last part I think what you mean there is to have a mentor but that can cost money. Learning on our own way is still the best.

Money is one of the basic need we can't do without because we need it in almost everything we do like buying of our essential needs and wants. Money come first before emphasis on trading, that's the process where funding comes about. There are basically variety functions of money and it's what we aiming to get like profits in trading. Putting in much hardwork and experience will shoot out to some positive results at the end. As they say, experience is the best teacher and it's self explanatory to everyone on the planet Earth.