Threat lies in every corner while investing in crypto (a must read for newbies)

[Kasabus]

We have already talked about this many times, but it is not bad to repeat.
Not only crypto, but every investment, forex, stock market... are high-risk and before every investment you should analyze the market well, assess the risks, make an investment plan in accordance with your financial capabilities and have a clear exit strategy.
Beautiful websites with interesting figures and promises will always attract someone, but first you should always check all the facts and have a clear idea of what you are investing in.
At the same time, it is always good to diversify investments, not only in crypto projects but in various asset classes, in order to reduce investment risk.

In all types of investments, not only for crypto, the risks will always be there. The reason why we should never invest with an empty knowledge because that will push us to create stupid decisions that we will regret later on. Instead, acquire first hand knowledge and develop your skills first before engaging into crypto investments, that way the risks of losing will be lessen. Also, we should need more patience particularly for newbies as they find it hard to invest with the best entry and sell them in the wrong timing.

[_BlackStar]

Just so as not to be misleading, I think the proper title of this thread is:

Code:

Threat lies in every corner while investing in altcoin (a must read for newbies)

I can absolutely assure you that by investing in bitcoin, you will eliminate all the threats you wrote about in the OP. On the other hand, you will continue to feel that there is a huge risk behind new or old altcoin projects considering that most of them are centralized projects. So that is the reason why bitcoin is the best investment asset in crypto.

[hatshepsut93]

Ok I've read few comments saying BTC is the only way to go but I refuse this advice because Quant have doubled my money since last BTC bottom of 17500$, I bought quant at 98$, this is just one out of 5 altcoins that have doubled my money, why are you advising people not to invest In altcoins? I don't get you.

Because it's gambling. Your anecdotes are irrelevant. Come back to me when you will have 1000 closed altcoin trades, and over 50% of them will be profitable. Because a couple of profitable trades mean nothing. It's like going to a casino, winning your first bet and thinking that casino is a viable way to make money.

[Sanitough]

Most of the new investors and developers on crypto are those school boys that wants quick buck on there investment or by developing shit projects that involves NFT or DeFi. Crypto is infested by a lot of scammer and at the same time newbie traders are always the victim on this kind scheme.

Crypto is already risky even before but the existence of NFT and other new shit idea that makes scammers scam easily by just creating garbage NFT and worthless token makes the crypto space more risky. The fun fact is people never learned to stay away on this shit project despite that they already know that it’s a scam. People only wants to ride the hype so they will never learn.

As most of the new investors are motivated with greed and they only want the quickest profits, then scammers are force to give what they want. The reason why a lot of new projects these days seem to be profitable at first but later on, when they already achieve their target profits, developers just leave and abandon the project, leaving all the investors losing their capital.

Crypto investments are highly risky, and investors even made it higher when they come to the market unprepared and only aim for profits, without the passion and hardwork to work on it first.

[Crypt0Gore]

Just so as not to be misleading, I think the proper title of this thread is:

Code:

Threat lies in every corner while investing in altcoin (a must read for newbies)

I can absolutely assure you that by investing in bitcoin, you will eliminate all the threats you wrote about in the OP. On the other hand, you will continue to feel that there is a huge risk behind new or old altcoin projects considering that most of them are centralized projects. So that is the reason why bitcoin is the best investment asset in crypto.

It's still a threat for someone who bought BTC at 65,000$ and hold because you can never tell if they are physically and mentally ready to hold for long, till another bull market gets here, also you can never tell the kinda life style the investor is living in, if things gets tougher they might be forced to give up.

[lovesmayfamilis]

Yhe question you asked is also what I have been asking...Why not choose number 1? Thank God I have come to the real knowledge and understanding of cryptocurrency in totality.
I met a friend the other day who is seriously into altcoins he makes again and he makes money from them according to him. I had no problems with that, but he was discrediting bitcoin investment. I asked him why don't he invest in number 1 cryptocurrency which is Bitcoin instead of gambling without altcoins and shitcoins. His answer was simple, bitcoin will not give him good profits.  I said well it is because of the profits that makes people to lose money .

There is no way altcoins will rise without bitcoin rising, for altcoins to rise means bitcoin has risen and pulled them.
This means bitcoin will also give profits even if not massive but the sure thing is that in 5yrs time, bitcoin will still be here which cannot be said of some other coins.

Just go ahead and read the section on alternative coins. There, newbies sincerely believe that one day they will get X100 or more by risking buying some tokens. I've always wondered where they got such confidence from. After all, this is not the first year we have discouraged them from keeping new coins, but the number of believers has not decreased. And almost all of them write that they have no experience, but Bitcoin does not inspire them. Why? For myself, I realized that there are people who live in a parallel world, who consider themselves smarter than everyone else, and who do not hear or listen to other people who have already walked a similar path. Therefore, it is always fun to read how a person, having sobered up, regrets the lost time and comes to Bitcoin.

[Finestream]

I don't understand why newbies are favor to pick few projects from 21K projects to invest while they can just pick the top 1 which the longest and have proven to anyone if it's can't become a dead coin when bear season happen. I think their greediness who want to double or triple their money in short time are their main reason, but they're actually not investing, they're much more like gambling. There's no way in this day to determine a good project since every project are act like a genuine project.

If you are manipulated by greed, you will really see all projects are promising so you easily put your money and invest. And when you start losing, that’s when you realize that out of 10 projects, there could only be one genuine project that will satisfy you with its biggest profits possible. That is why be knowledgeable and skillful at first so you can easily check which one is more risky or less risky to invest. Be cautious in investing as not all the coins are worth investing. Some are just blinding you with their promising words and then eventually you’ll be put in their traps.

[Rengga Jati]

Always make sure you take crypto ventures as high risk way of making money because threats lies in every corner, this is why investing only what you can afford to lose is the best strategy ever, there are few mistakes that newbies always do when glimpsing into new projects that I will like to correct..

Awareness of crypto investment must be built before we enter the investment. Awareness here includes several key elements that are crucial to consider and think about. Awareness of our self-affordability, our emotion, and also strategy on taking decisions in what project I must invest. For, we know exactly that scammers are now very various, impersonating very real teams, but they are exactly real scammers. As you said, newbies always become the main target of scams, because many newbies are not aware of their ability to invest in new projects. Most of them are easily trapped in scam projects in which they think that the project is very legit.

Team's and Developers past experience matters but we are human, greed can consume even the most loyal hearts, do not bet your hard-earned money on a human's trust and promises, only invest what you are willing to lose. Take care

This is essential, although we have analyzed carefully the teams, in fact, they can impersonate very real. Itis not easy to ensure that the team is exactly real or not, moreover for newbies, may not think about this.
Their promise is commonly very convincing, they have raised their hard-cap to ensure that their project is real. They may also give their token to ensure the investors about their prjects. But in fact, the tokens are only trash, never be listed in any exchange,a nd their team is gone.