Bad beginning for crypto beginners.

[jrrsparkles]

Beginners with the mindset of taking crypto trading as a 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.

I don't understand the context of this paragraph. Normally, crypto provides jobs for people, if a beginner have got skills like; data analysis, programming, content creation etc, that fits in a cryptocurrency firm looking for his potentials, then its not a wrong move if he applies and gets employed. And he/she doesn't need cash to get employed. The only investment required here is time which matters in every field.

It would be better if you specified what part of cryptocurrency a beginner shouldn't take as a job opportunity. Like I did above.

Like trading for example, many people starts crypto trading and earn few hundred dollars in a week with very small capital and make a decision like quit their job or considering about taking loans so they can get huge returns those all are wrong decisions and trading is not something gives consistent results so no one should ever go for full time crypto trading unless they have other sources of passive income.

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[Shamm]

Beginners with the mindset of taking crypto trading as a 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.

I don't understand the context of this paragraph. Normally, crypto provides jobs for people, if a beginner have got skills like; data analysis, programming, content creation etc, that fits in a cryptocurrency firm looking for his potentials, then its not a wrong move if he applies and gets employed. And he/she doesn't need cash to get employed. The only investment required here is time which matters in every field.

It would be better if you specified what part of cryptocurrency a beginner shouldn't take as a job opportunity. Like I did above.

Like trading for example, many people starts crypto trading and earn few hundred dollars in a week with very small capital and make a decision like quit their job or considering about taking loans so they can get huge returns those all are wrong decisions and trading is not something gives consistent results so no one should ever go for full time crypto trading unless they have other sources of passive income.

Yes you are right that mate there are many people around the globe earning money through trading but in that situation they leave or quiet their jobs it because they are earning money from trading then all I can say that decision must not be in the top of our mind it because not all the time we earn a lot of money in trading. So it's better to have a steady job in order to sustain our daily needs and wants .

[AakZaki]

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.

Those who ignore past mistakes never learn how to avoid making the same mistakes. Such people will never succeed anywhere. including in crypto. they are so focused on profit that they ignore the important things so they don't get stuck in the same hole.

[Xal0lex]

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.

A bad start in cryptocurrency starts with the wrong risk. If we are talking about investing, the wrong risk is buying different shytcoins, like memcoins or nft, to try to multiply your small capital multiple times. If we are talking about trading, the wrong risk lies in margin trading, where the user chooses exorbitantly high leverage for his small capital. High risk always means high losses, almost 100%.

[Miaallen]

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.

Types of crypto beginners with bad beginning

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.

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.

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.

 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.

As much as you're right about bad beginning never ending in good results, that is not only limited to cryptocurrency investments but all aspects of daily life activities.
Cryptocurrency investments loss is not limited to newbies. Even the pro mostly lose much kore than the newbies. See the case of Luna crash. Pro are mostly the ones that lost hugely to it.

[Pamadar]

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.

Those who ignore past mistakes never learn how to avoid making the same mistakes. Such people will never succeed anywhere. including in crypto. they are so focused on profit that they ignore the important things so they don't get stuck in the same hole.

They will continue to do the same mistake since they are just aiming for a quick gain, more on luck base trades rather than equipping their investment with good knowledge and understanding.

Yes, you are right that most of the time they will just lose their money and with the same
pattern of investment/trading the chance of making more mistake is very possible, nothing
will change not unless they will learn and they will try to re-assess the system that they are
using, from that, they will be able to adjust and change the way they invest.

[cryp222]

It's an important topic, as many beginners assume crypto is an easy topic to dive into. As for me, it's a better strategy to learn some basics and, after that, start doing anything in the field. Some universities offer first-rate courses. Here's a good selection of blockchain-related programs: https://oneart.digital/en/blog/want-to-study-blockchain

[tvplus006]

...Beginners who starts their crypto journey in a wrong  way normally have funny reasons to trade/invest in crypto.

Even those who have been trained are sure to make mistakes, because for successful trading, in addition to knowledge, experience is also required. And even after the trader becomes more experienced, he also makes mistakes, as he becomes too confident and neglects risks.

[Kadal Ijo]

Beginners certainly hope to get a big profit when they invest in cryptocurrencies, when they invest and turn out to be different then it will be easy to panic, I also have an investment worth $ 150 then the drop price is more than 15% in 4 days and makes me panic and then sell all asset.

[Silberman]

Beginners certainly hope to get a big profit when they invest in cryptocurrencies, when they invest and turn out to be different then it will be easy to panic, I also have an investment worth $ 150 then the drop price is more than 15% in 4 days and makes me panic and then sell all asset.

It is natural to be nervous, I remember that when I first came to this market the price also went down very rapidly after I bought bitcoin. and this surprised me, I will not deny that I was even afraid but since I joined this market because I really believed in the potential of bitcoin I was able to hold my coins without any problem, and as time has passed I eventually got used to the volatility of bitcoin, but this is a process which takes a lot of time and many newbies could lose a lot of money until they get used to it.

[nurilham]

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.

Nothing wrong with a dream of being rich with crypto. It is only a mistake if you think you can instantly become rich with crypto.

We cannot deny that there are some people who can be rich with crypto. This may be a motivation for some beginners to involve with crypto and do big efforts, we cannot blame them for this motivation. Any one has their own motivation, we cannot generalize it since it happens naturally.

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.

I think it is not a mistake if you make crypto as your side job. Unless you make crypto as your main income source, it is surely a problem since no guarantee to earn money regularly with crypto. We know that crypto is unpredictable and high risk, it is not a proper place for a main job. That's why most of people here just make crypto as their side jobs.

[Crypto-Ivan]

The development of the cryptocurrency industry has led most beginners to regard cryptocurrency investment as a shortcut to getting rich, and they are very eager to make quick profits by investing in cryptocurrencies. But investing without any knowledge is prone to failure for beginners.
Learn encryption knowledge and practice continuously to gain more investment experience before investing in cryptocurrency, and you can make money from cryptocurrency.

[FanEagle]

To understand how one can make their life better thanks to crypto, one must understand crypto is not just an asset but a currency as well. If you can try to understand that, the rest will come. What do I mean by a currency? Well it is just like regular money, which means that you are going to spend it, and earn it as well.

If you have a set of skills that you could use and turn into money in the fiat world, adding crypto payments to that and having a digital presence in the crypto world will make you richer, not wealthy but richer. That is why everyone should look for at this moment and I believe not many people can see that, not the newbies at least.

[cheezcarls]

Regardless of the market situation that we are in right now, buying and holding BTC is likely the best for beginners when it comes to long term acknowledging the risks and uncertainties on when will it be picking up. Trading is also another thing, but much more riskier because you can expect to lose most of the time even if you are that skilled.

Ain’t saying that this is the bad beginning for crypto beginners though. They should learn risk management. When things are going quiet like what we have in the bear market, it’s the best opportunity to accumulate.

[AakZaki]

They will continue to do the same mistake since they are just aiming for a quick gain, more on luck base trades rather than equipping their investment with good knowledge and understanding.

Yes, you are right that most of the time they will just lose their money and with the same
pattern of investment/trading the chance of making more mistake is very possible, nothing
will change not unless they will learn and they will try to re-assess the system that they are
using, from that, they will be able to adjust and change the way they invest.

If from the start the trading base is used solely based on luck, of course, no progress can be achieved and you will still be a beginner who cannot learn from past mistakes. I often find beginners who are optimistic at first, but when they fail at the start they give up and don't try to correct those mistakes. it also depends on their determination. Crypto investment is not as easy as imagined, we have to adapt well and not give up just because of one failure.

[Pamadar]

They will continue to do the same mistake since they are just aiming for a quick gain, more on luck base trades rather than equipping their investment with good knowledge and understanding.

Yes, you are right that most of the time they will just lose their money and with the same
pattern of investment/trading the chance of making more mistake is very possible, nothing
will change not unless they will learn and they will try to re-assess the system that they are
using, from that, they will be able to adjust and change the way they invest.

If from the start the trading base is used solely based on luck, of course, no progress can be achieved and you will still be a beginner who cannot learn from past mistakes. I often find beginners who are optimistic at first, but when they fail at the start they give up and don't try to correct those mistakes. it also depends on their determination. Crypto investment is not as easy as imagined, we have to adapt well and not give up just because of one failure.

Yeah, I also know some of those friends of mine who did try to work with the market, but when they experienced huge losses, they all move to another investment platform.

Instead of trying, they decided not to continue and find the right place for them to invest,
if you see no progress and you already done doing your part, better to assess if you are going
to manifest with your chosen venue, or you needed to find a new one and start fresh trying your
success.

[cryptomaniac_xxx]

Regardless of the market situation that we are in right now, buying and holding BTC is likely the best for beginners when it comes to long term acknowledging the risks and uncertainties on when will it be picking up. Trading is also another thing, but much more riskier because you can expect to lose most of the time even if you are that skilled.

Ain’t saying that this is the bad beginning for crypto beginners though. They should learn risk management. When things are going quiet like what we have in the bear market, it’s the best opportunity to accumulate.

Yeah, I think that is the most logical thing to do in the beginning right? just buy assets like bitcoin and hold. And when you understand what risks are involved later, specially if you wanted to target crypto trading, then it's really up to you.

You can just start and trade right away without any knowledge and think that you can make money, big profits and easy in just like a snap. That's not how the world works. We all need to work our ass off learn slowly and then maybe that knowledge will propel us in the future, but it will take some time.

[Silberman]

Regardless of the market situation that we are in right now, buying and holding BTC is likely the best for beginners when it comes to long term acknowledging the risks and uncertainties on when will it be picking up. Trading is also another thing, but much more riskier because you can expect to lose most of the time even if you are that skilled.

Ain’t saying that this is the bad beginning for crypto beginners though. They should learn risk management. When things are going quiet like what we have in the bear market, it’s the best opportunity to accumulate.

Yeah, I think that is the most logical thing to do in the beginning right? just buy assets like bitcoin and hold. And when you understand what risks are involved later, specially if you wanted to target crypto trading, then it's really up to you.

You can just start and trade right away without any knowledge and think that you can make money, big profits and easy in just like a snap. That's not how the world works. We all need to work our ass off learn slowly and then maybe that knowledge will propel us in the future, but it will take some time.

That is how newbies should approach this market but very few do this, since they have heard stories of people becoming millionaires in a short amount of time and we instead recommend they invest in bitcoin and hold, which generates less profits than that, then they think they that it makes no sense to take things slow and invest in all kind of shitcoins as soon as they come to this market, only to realize too late that they were mistaken and we were the ones that were right.