Bad beginning for crypto beginners.

[Minecache]

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 Bad beginning never end up in good result ,rather  it ends in regret, waste of fund. The problem why some beginners starts investment in a wrong way is because they are too busy and think knowledge is time consuming.

I disagree with your statement, are you sure you are off to a good start and that you have never made a mistake in your investment journey? Most of the newbies in the market will have a difficult start because of simply lack of knowledge, and no leader… it can be said that they don't know where to start. But as long as they realize their shortcomings, never stop learning, and don't give up after falling, they will become real investors like us.

Exactly! Failing is a part of the journey especially if you are new in the crypto world, even the veterans still have losses because of the market's unpredictable movement, so, what would you expect for the beginners, right? Failing is way to learn so that you can improve the next time you will take some risks. Moreover, I don't really believe that this time is a bad beginning for the beginners because it is up to them if they will equip themselves with the knowledge needed to survive in this space, so of course, without that knowledge then there's really no luck for you here. Aside from that, this time is not really that bad to start because it is even a good way to start and accumulate coins while you can still buy it at a much cheaper price before the market recovers.

Beginning with a bear market to me can be called luck rather than a bad start, most newbies are confused and panicking when the bear market happens but if someone is lucky enough to start a bear market, they will taste the rigors of the bears and that will be extremely helpful to them later on, they will have a huge advantage over those who have never experienced bear season. Invest in bitcoin, sometimes we don't need to learn too much knowledge, what we need most is patience and waiting and these are only in the bear market, the bull market cannot teach us these things.

[Adbitco]

It's very essential for every beginners to go for knowledge and proper research because investing in an any upcoming projects without knowing more details about them have a very bad side effects because such project may operates for only short term while does who invested for long term would likely got scammed and the main reason why this opportunity are given to those projects is because the investors do not go for proper investigation rather desperate of making profits.

[Bitcoin2009]

Most beginners who invest in cryptocurrencies hear success stories from other people, in 2014 I was also tempted to mine but I had no capital and was planning to sell my house, unfortunately I was given advice that this was risky, but if I continued mining at that time then I can be rich because mining at that time was very profitable.

[Yamifoud]

Most beginners who invest in cryptocurrencies hear success stories from other people, in 2014 I was also tempted to mine but I had no capital and was planning to sell my house, unfortunately I was given advice that this was risky, but if I continued mining at that time then I can be rich because mining at that time was very profitable.

So what happened to you now? Broke or success?

Anyways, it is really great to hear successful stories in crypto but all of these things never happen instantly. We also have heard that these people face difficulties and lose a lot of money as well before they got where they are now. So if you will say that if you proceed to mining, we never know as well if you also succeed. Imagine, a lot of people doing mining, investing a huge amount but unfortunately, not all of them reach their goal.

[Pamadar]

Most beginners who invest in cryptocurrencies hear success stories from other people, in 2014 I was also tempted to mine but I had no capital and was planning to sell my house, unfortunately I was given advice that this was risky, but if I continued mining at that time then I can be rich because mining at that time was very profitable.

So what happened to you now? Broke or success?

Anyways, it is really great to hear successful stories in crypto but all of these things never happen instantly. We also have heard that these people face difficulties and lose a lot of money as well before they got where they are now. So if you will say that if you proceed to mining, we never know as well if you also succeed. Imagine, a lot of people doing mining, investing a huge amount but unfortunately, not all of them reach their goal.

Indeed, right, not all who invested a huge amount of money for mining tools/equipments manage to make a decent amount of money some may break-even while others really got disappointed and quit without anything.

You can make money if you fully understand the process, if you are ready and willing to take
all the risks. From that start, you might develop the right attitude to continue achieving your goals.

[Wahyuihib]

Yes... learning about cryptocurrency trading is really necessary because it is related to financial issues.  So if we are lazy to read and learn about cryptocurrency trading well, it is difficult to know some of the mistakes we make when we experience losses while trading.

[robelneo]

 Bad beginning never end up in good result ,rather  it ends in regret, waste of fund. The problem why some beginners starts investment in a wrong way is because they are too busy and think knowledge is time consuming.

Nobody wants to have a bad start, but it's greed that makes the worse investment for beginners, they easily believe in the hype they thought that what they already know will carry them and they can trust these so-called influencers, even veterans fall to these newbie mistakes the market is highly volatile and there's uncertainty everywhere just when you thought you're safe you wake up the market is crashing.
Investing in Cryptocurrency is an ongoing learning experience, we should not stop learning and think that we have enough knowledge already.

[abel1337]

 Bad beginning never end up in good result ,rather  it ends in regret, waste of fund. The problem why some beginners starts investment in a wrong way is because they are too busy and think knowledge is time consuming.

Nobody wants to have a bad start, but it's greed that makes the worse investment for beginners, they easily believe in the hype they thought that what they already know will carry them and they can trust these so-called influencers, even veterans fall to these newbie mistakes the market is highly volatile and there's uncertainty everywhere just when you thought you're safe you wake up the market is crashing.
Investing in Cryptocurrency is an ongoing learning experience, we should not stop learning and think that we have enough knowledge already.

It is just cryptocurrency now is just full of so called influencers, There are so many newbies or beginners who fall because of these hypes, They all believe the word of their influencer that their investment will be lucrative in the future. I hate those kind of influencer hyping up their followers just to make their own asset prices rise. It is so much different compared on when I started crypto where no influencers are dictating on where crypto will go. I failed multiple times when I started and we all can consider it as a bad beginning but  where am I now? Striving to get better and better and it is because on how I see cryptocurrency on my own perspective not other perspective. I experienced few bull runs now and we know where we are headed. These influencers are just showed during the bull market and they are obviously juicing up their fellow human beings.

[Flexystar]

I don’t know but that is how everyone starts when they are new to something. I am not just talking about crypto space but I am also talking about rest of stuff that we go through in financial domains. The learning process is all about making mistakes however we can always play smart by learning the mistakes from others and then not repeating them.

For every beginner out there, I would give only one message and that’s stay away from get quick rich schemes and ponzi. Rest you gonna learn slowly slowly.

[justdimin]

People mostly are lazy when it comes to educating themselves and they just rely on one source and that's it! they will gonna invest in the project of choice. That's why they often ended in a hype project where it is a pump and dump coins.

Basically, I won't be lazy on educating myself because I know that I will be more successful later on. Relying on one source is fine for now but if you are done with it, we should take time to do a research and learn from other sources too. When we are equipped with more knowledge we will know if what are the ideal coins to invest with and are more worth it for our money.

Bad beginning never end up in good result ,rather  it ends in regret, waste of fund. The problem why some beginners starts investment in a wrong way is because they are too busy and think knowledge is time consuming.

It doesn't always end up there, especially if the person gives up too quickly but only if they take their first mistake as a lesson and will try again then there is a chance that they can improve. If we are too busy to learn about crypto then we shouldn't bother entering here because we will only lose if we do.

[freedomgo]

And another set of beginners are those who jump into buying a coin due to social media hype without first having the proper basic knowledge about it, or doing the necessary research and findings to know if it is worth It. Because I have noticed that beginners are the set of people who patronize most of the shitcoin free mining that sometimes usually end up not worth the time and efforts

Being influenced to social media hype is something one should also avoid. This is not only for newbies but definitely for all traders and investors out there. The fact that a certain coin is published and advertised in social media, it means it’s still starting to be known and is not that reliable and reputable as an investment. Only the hype made it more confident as an investment, but I doubt if it can stand through the test of time like what bitcoin did.

[molsewid]

And another set of beginners are those who jump into buying a coin due to social media hype without first having the proper basic knowledge about it, or doing the necessary research and findings to know if it is worth It. Because I have noticed that beginners are the set of people who patronize most of the shitcoin free mining that sometimes usually end up not worth the time and efforts

Being influenced to social media hype is something one should also avoid. This is not only for newbies but definitely for all traders and investors out there. The fact that a certain coin is published and advertised in social media, it means it’s still starting to be known and is not that reliable and reputable as an investment. Only the hype made it more confident as an investment, but I doubt if it can stand through the test of time like what bitcoin did.

That's what I am seeing nowadays, people knew bitcoin because of the hype,, they just knew it because their favorite streamer or influencer advertise bitcoin or any other crypto. I just remember last 2021,that's the time of axie, you can feel how many people opening their  site  everyday, it becomes laggy and the team doesn't expect it to be happen. Then the good days are gone, people talk about it as scam, many people loses their money and many people quit their job hoping that axie can save them, they doesn't even know that it is not always rainbows and butterflies in crypto.

[Rengga Jati]

Nobody wants to have a bad start, but it's greed that makes the worse investment for beginners, they easily believe in the hype they thought that what they already know will carry them and they can trust these so-called influencers, even veterans fall to these newbie mistakes the market is highly volatile and there's uncertainty everywhere just when you thought you're safe you wake up the market is crashing.

Surely, nobody is willing to have a bad start. But unfortunately, they make it bad at the start. Some of them or most of them only think about how they can earn the money and imagine that they are able to gain profits highly during crypto investment or trading activities. On the contrary, they don't learn anything and do not prepare themselves with enough knowledge, management fund, and also how they manage their emotion. ALthough they don't want a bad starting, what they do makes a bad start. Only a few f them that are aware of this and start by preparing all things, not only following the hype or emotion to be rich very soon by cryptocurrency. This mindset is important enough because this will determine what they will begin.

[Saisher]

Most crypto beginners starts their journey in a wrong way by not considering crypto education as the first investment to go after. The worst decision anyone can make is investing in something you know nothing about,  not just in cryptocurrency but anything else. In cryptocurrency their is a chance of making good gains and also a chance of making huge loss. It is easy for beginners to loss big, expecially beginners who don't have better knowledge about cryptocurrency.  Beginners who starts their crypto journey in a wrong  way normally have funny reasons to trade/invest in crypto.

This is the worse time to become a beginner in the Cryptocurrency market, there are so many scammed schemes, unreal projects, and projects that just lived on hype if you are not properly guided and you don't know where to start right away and you are in a hurry to make a profit you're likely to lose money and you will be disappointed and lose your motivation to invest, the best approach is to take time, take it slow but sure read a lot of advice and weed the bad ones and take the right advice, only your decision could help you move forward from a beginner to seasoned trader.

[sulendra12]

Beginners with agenda to get rich:  these beginners are just so desperate to make money from crypto that will make them become rich, they have no idea about risks involve in cryptocurrency . Beginners with the mindset of becoming only understands crypto be an investment that has a big return as quick as possible.  Crypto investments is always interesting when it is long-term.

If beginners expecting something quick when doing investment and don't even bother with the risk and the effort you have to put in order to get something decent there and then they are vulnerable with most of the scams lurking in cryptocurrency world. It's always true that most beginners always look at the value of Bitcoin, because it's really "high" but they don't know the exact way to get there hence that's why when they are losing then they will start complaining about everything even though they don't know anything.

Beginners starting the journey with wrong projects:  these beginners have no direction,  they feel all cryptocurrency is about making  profits not knowing investment in crypto it is important to consider reliability and safe it is. Beginners who don't know good projects to start with can easily fall into the trap of scammers in investing in the wrong project.

Let's be honest here, even most of the "experienced" users in this forum also fall into wrong/scam projects.

Beginners with mindset of taking crypto as job opportunity:  some beginners thinks crypto can cover up the space of getting  a job. It is wrong to plan of making cryptocurrency a source of income as a beginner.  It is important to have emergency fund while Investing in crypto.

For student? Might be good with money they can afford to lose for some side-income but other than that it's not advisable for primary job

[BitDane]

Nobody wants to have a bad start, but it's greed that makes the worse investment for beginners, they easily believe in the hype they thought that what they already know will carry them and they can trust these so-called influencers, even veterans fall to these newbie mistakes the market is highly volatile and there's uncertainty everywhere just when you thought you're safe you wake up the market is crashing.

Surely, nobody is willing to have a bad start. But unfortunately, they make it bad at the start. Some of them or most of them only think about how they can earn the money and imagine that they are able to gain profits highly during crypto investment or trading activities. On the contrary, they don't learn anything and do not prepare themselves with enough knowledge, management fund, and also how they manage their emotion. ALthough they don't want a bad starting, what they do makes a bad start. Only a few f them that are aware of this and start by preparing all things, not only following the hype or emotion to be rich very soon by cryptocurrency. This mindset is important enough because this will determine what they will begin.

Well, isn't investing in project aimed to earn money?  If there is no money to earn in any project, I doubt someone will invest.  So let us be realistic here.  We invest because we are thinking of profit.  But of course, in order to get our goal of earning more money, we need to work hard on it.  In what way?  We must do our very best to verify every project.  Do our own research and see if the project roadmap is visible.  Also be sure to differentiate scam project from the legit one, short term investment project and medium to long term investment project.  Never get swayed with hype and best to avoid the market when every one is in FOMO, it is best scenario for selling not accumulating.

[AakZaki]

I don’t know but that is how everyone starts when they are new to something. I am not just talking about crypto space but I am also talking about rest of stuff that we go through in financial domains. The learning process is all about making mistakes however we can always play smart by learning the mistakes from others and then not repeating them.

For every beginner out there, I would give only one message and that’s stay away from get quick rich schemes and ponzi. Rest you gonna learn slowly slowly.

a mistake will provide a meaningful lesson, but when we start we don't have to be wrong first because there are many examples that can be used as lessons, namely from other people's mistakes. A bad start in the crypto ecosystem for beginners is a good start for learning. Beginners must go through the process if they want to reach a safe point.

Regarding the message you are giving, get-rich-quick and ponzi schemes are schemes that will hurt the end user and benefit the early adopter. really should stay away from the scheme.

[Questat]

a mistake will provide a meaningful lesson, but when we start we don't have to be wrong first because there are many examples that can be used as lessons, namely from other people's mistakes. A bad start in the crypto ecosystem for beginners is a good start for learning. Beginners must go through the process if they want to reach a safe point.

But that only happens if that person corrects his mistake and finds a way not to happen again. Because what I see is that many people still don't do it, they just ignore their mistakes and do it repeatedly, and no wonder why they keep on losing. And much more not to expect success from them.
If we wanted to reach our goal, therefore, we also have to change our approach toward our mistakes and consider this as a helping tool to improve our status rather than just ignore them.

[Mr. Magkaisa]

Most beginners who invest in cryptocurrencies hear success stories from other people, in 2014 I was also tempted to mine but I had no capital and was planning to sell my house, unfortunately I was given advice that this was risky, but if I continued mining at that time then I can be rich because mining at that time was very profitable.

  - I think it is right that you listened to your friend who did not sell your house because it is true that the risk of doing so is high. Now, if you still want to continue what you didn't do before, the risk has not changed.

Maybe the risk is even higher now compared to then. Also, it is still not a guarantee that you will get rich from mining because if you only buy one mining rig, I don't think you will get rich from that quantity alone. But you, what's the state of your life now mate? I just want to ask.

[carlisle1]

Most beginners who invest in cryptocurrencies hear success stories from other people, in 2014 I was also tempted to mine but I had no capital and was planning to sell my house, unfortunately I was given advice that this was risky, but if I continued mining at that time then I can be rich because mining at that time was very profitable.

  - I think it is right that you listened to your friend who did not sell your house because it is true that the risk of doing so is high. Now, if you still want to continue what you didn't do before, the risk has not changed.

Maybe the risk is even higher now compared to then. Also, it is still not a guarantee that you will get rich from mining because if you only buy one mining rig, I don't think you will get rich from that quantity alone. But you, what's the state of your life now mate? I just want to ask.

Maybe if he sells his house when mining rig is still cheap as you can even mine using your laptop and old PC, but in terms of selling your house not sure if you can handle the risk when the huge dump takes place.

It's a matter of how you really understand the business that you will going to take, like now, it's still the same risk and the market is still unstable
without the right mindsets, you might be moved by your emotions.

And from that, losing your investment is really possible, if by chance fear dominates you. Be wise and careful.