are all beginners like that?

[Wakate]

Any body that decide to invest in cryptocurrency apart from Bitcoin, such person is doing that at his own risk and anything that happens to them would serve as a lesson. So many crypto CEOs that created there own project are doing that make money. So many persons are creating there own coins because they know that newbies investors would always want to buy them in the name of making investment.
 Investing in the wrong path or direction is a sign of poor research and inability to ask questions before going fully to invest. We don't have to be easily decided by these money mongers creating tokens everywhere.

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[Ndabagi01]

How easily people fall into cheap traps in order to become wealthy quickly. People who have made it today had to go through some sort of transition phase before making it big in life, so how can one believe and be deceived easily to become rich overnight? As long as there are illiterates who are unwilling to do research before investing, there will be more people falling for this scam in the coming years. This kills the cryptocurrency market and tarnishes it. How I wish all this could be controlled.

[Sakanwa]

Well, it's really quite unfortunate that alit of people this invest in bitcoin only for them to get paid and be rich as well without broad in it properly.
Remember the first time I did invested in one of the cyptos and it was call Drive go and was using synthetic index and so my aim of invest was to get profit as fast as it could but aftering because I fell to understand the risky and how it is been done and I lost everything there but when I got on learn on it I got it okay with it.
A newbie for investing should go and learn to understand how bitcoin works before Invertement.

[Shamm]

I think the information they got matters as we all know there are a lot of people , groups and forum teaching about crypto investment so its matter  as we all know that some influencer not totally teach about investing all they are teaching is that the success of investor not all. So the beginners who want to invest then they learn from them without knowing the whole  story of investing and they are greedy to invest and when the time that thier coins crashed they don't know whats thier step or els they run out of thier focus and sell thier coins and claim that they will get scam.
In the world of investment or in crypto we can not say that we are reaching our goals easier maybe theres some investor that they get thier profit in a short period of time while the other side it takes a few months or a year to  get profit.

[lalabotax]

......
but there are some people who do research on the intentions of novice investors in investing in crypto

Most newcomers ‘play’ with crypto with the aim of getting rich quick, not interested in the financial revolution, let alone blockchain technology.

is it really like that in reality? is it normally like that? and I'd really like your opinion.

Honestly yes,  most of the beginners and most of us who are investing in Bitcoin or crypto generally are not for financial revolution only, but for gaining big profits. But it is worse when the beginners think that investing in crypto will make them get richer very soon. This is what makes many beginners become the victims of scam projects or fake investments that promise high profits quickly. We need to change our mindset and theirs, but we cannot because every time we tell them, they will ignore it. What they focus is only on gaining big profits quickly so they will ignore the advice or caution about scams and fake investments. Once they were scammed, they will blame the crypto space. that is the reality that happened here. Not all of them, but many of them are doing this.

[Belarge]

A beginner should be ready to learn, follow instructions and ask questions and necessary,
A beginner should be serious and hard working,
I'm a beginner and I'm willing to learn, please I beg everyone out here to help me, if there's anything I need to know please don't hesitate to tell me, as I will really appreciate..

[yudi09]

Not everyone invests in crypto and they were initially I think also people who chose crypto for their type of investment before they had a bad experience. Crypto schemes are only to enrich the project owners with people unconsciously choosing to hand over money in the name of investment with the basic aim of acquiring wealth. But most of them end up in scams.

Investing in Bitcoin is not the same as cryptocurrencies that pop up every now and then offering sizable returns. Bitcoin is definitely and proven to be a hedged type of investment. To date, we have not heard investors who invested in Bitcoin complaining.

[uchegod-21]

Is it really that hard to believe knowing how much attention crappy and useless cryptocurrency projects are getting? Like 99.9% of projects in this industry shouldn't even exist, yet newbies "invest" in them in the hopes of getting rich quick.

That is just it, I am not happy when I heard a friend that told me about how he was scammed because he invested in a project, my brother and I also were together not long ago after many years of not being together for some short time, he told me about how many projects he invested and fot scammed, I wish he had told me than him getting scammed more than ones, he did not even want to believe what I am saying about bitcoin and crypto now because of his past losses. Another are some people that will start trading without any knowledge than to use it to gamble and lose greatly from the start. Humans like to try to get rich quick, which are ways to lose fast.

It is usual and normal if a newcomer is scammed in the cryptocurrency industry. Scamming is rapid and rampart in the society so the victim of scam should not be blamed but if the person is scammed more than once with the same method and for the same reason the person is supposed to be blamed

That is why scammers always devise new strategies to rip people their money and we should therefore always be updated to know the strategies rather than leaving yourself vulnerable.

[Eureka_07]

<snip>

Despite what you mentioned, not all beginners had their mind set like that. There are those that has a very realistic objectives and sees cryptocurrency like bitcoin to be a revolutionary technology that we achieved on our timeline, hence they do aren't blinded to the potential profit and not oversee the possibility of losing.

[Pandu Geddon]

Most newcomers ‘play’ with crypto with the aim of getting rich quick, not interested in the financial revolution, let alone blockchain technology.

is it really like that in reality? is it normally like that? and I'd really like your opinion.

maybe that opinion is very correct. Very few novice investors in the crypto market are interested in whatever lies behind the development of the crypto market and community.
what they see and want to achieve is to get rich quickly. this is really what is happening to young investors today. they enter the crypto market without even understanding the project and its development. all they know is to quickly double the money.

but I'm sure, of the many who ignore it all. there are one or two of them who are genuinely interested in blockchain and the financial revolution.

[LogitechMouse]

~

Most newcomers ‘play’ with crypto with the aim of getting rich quick, not interested in the financial revolution, let alone blockchain technology.

is it really like that in reality? is it normally like that? and I'd really like your opinion.

How cryptocurrency is moving really affects the mindset of every investor right?
What if Stocks in the Stock Market are moving the same as crypto, will they just prefer investing into stocks compare to crypto because it's safer and it can make an investor rich in a quick way.

This is what volatility can do to ones mind. Because of the volatility of cryptocurrencies, people always think that if they will buy now and just wait, there is a high chance that they will earn money faster because it's volatile. It price move faster than other assets thus, they will get rich faster.

Bitcoin and other coins are being treated as an asset by most of the investors and that's the fact and that's a problem because they don't care about the technology behind it as long as they will earn money. As a matter of fact, that "Get rich quick" mindset will just make the beginner investor lose money more than what they can earn because they have a higher chance of getting scammed. As for the OP's question, at least don't stereotype all of the beginners because there are still some beginners who has a different goal when they invest into cryptocurrency.

[YOSHIE]

Of course, no one knows what motivates someone to jump in and participate in investing in crypto, everyone has a reason, and everyone has the original intention in their heart.

You can be motivated about Bitcoin investment, if you want to read the reasons and how they make investments until they become successful.

 • 12 Bitcoin Success Stories: Meet Bitcoin Millionaires
• 5 People Who Became Rich Because of Bitcoin, And Their Stories.

We know that after Bitcoin was created, many people changed their lives with investment methods, all of this did not escape the knowledge they had and patience, you want to succeed in investing, understand Bitcoin properly, so you have serious reasons to invest.

[AakZaki]

Seeing some people succeed in investing in bitcoin will certainly make us motivated and also want to invest in bitcoin. But the question is? Are we able to continue to be consistent and patient in facing the fluctuating crypto market because of its high volatility. Investment requires patience and will be better in the long run. Understanding what bitcoin is and what its advantages and disadvantages might give reasons why you should start from bitcoin. Every beginner can learn from the success of others, but the results will be different.

[summonerrk]

When I came in 2016 to crypto world and bitcoin starts to grow faster and faster. No one was thinking about huge money, we were interested in the revolution of this amazing technology. And when the price was rising, we heard about it in the news, and realized that the views of more people are directed at cryptocurrencies. We didn't think about money, we believed that it would result in something incredible, and the world would not be the same. Unfortunately, then speculators, cheaters, scams began to appear. And it became clear that now in the crypto world more and more people will only want money, without understanding the revolutionary technology. That's how it happened.

[Lida93]

There are so many shits projects out there about crypto that by veritable experiment they ain't supposed to exist but because they promises to enrich it's users and participants within a short period of time you end up seeing novice and greedy newbie's jump into these projects only to get scammed and locked out of it along the line. And this attitude is what is encouraging more shit projects out there to keep emerging believing it will always get usage. And this is something that needs discouraging.

[Daniel91]

OP, are you asking about beginners to this forum or beginners to the crypto industry in general?
There are no such statistics and it is difficult to know the motivation of other members of this forum for participating in crypto.
However, whenever a new technology, service or product appears, there are always two groups of people, those who develop and offer the new technology, product or service, and those who use that new technology, product or service, and this is quite normal and logical.
It is clear that the first group is always much smaller than this second group, which uses a certain product or service.
The possibility of making money is always the strongest motivation for most people to start using a certain service and I agree that for most beginners this is the reason why they started using crypto.
There's nothing wrong with that, but the problem is that a lot of people don't understand crypto or bother to analyze and understand the crypto market, and that's why people lose their hard-earned money expecting easy and quick earnings.

[jeraldskie11]

Is it really that hard to believe knowing how much attention crappy and useless cryptocurrency projects are getting? Like 99.9% of projects in this industry shouldn't even exist, yet newbies "invest" in them in the hopes of getting rich quick.

That's true. Most crypto projects are not real to their promises. They just let people invest in their "too good to be true" project but at the end of the day they just running the funds they collected. Even veterans got scammed how much more if you're just newbie. That's why we have to check the project very well before you decide to invest in it and I suggest to diversify your investment.

[puloweh555]

The first thing I think about investing: Many people fail in investing not because they don't study crypto coins, but they don't study themselves. The point is to do according to each capacity, don't just follow along, don't be easily lured by influencers. HIGH RISK (NO) RETURN, still the most important is DYOR.

[Zilon]

It depends because everyone got to know about Bitcoin through a means it could be through friends, social media, conference or maybe an outdoor meeting. How Bitcoin is introduced to this beginners determine their mindset when dealing with a volatile asset like this.

 

Of course, no one knows what motivates someone to jump in and participate in investing in crypto, everyone has a reason, and everyone has the original intention in their heart.
but there are some people who do research on the intentions of novice investors in investing in crypto

Everyone participating in Bitcoin have a collective motive which is to profit from the volatility just that everyone approach the market differently. While some simply buy low and sell high, others trade and majority buy and hodl for a long time before selling.

But for Novices who don't get the right orientation they might just feel because Bitcoin made their early investors rich, The routine will remain that way not knowing that there were factors that triggered the sudden rise in price back then and for such occurrence to repeat it self it will take many years of patience and if it will eventually making new rich investors it will come sudden and unexpectedly.

This is one of the things that must have triggered researchers to study the intentions of novice investors because they come with the mindset of gambling in crypto and not investing. In reality there is no free money in crypto to make good profit it will cost the investor patience and time and studying.

[mamesso]

Newbies tend to buy crypto assets, especially Bitcoin because of increased understanding and trust in Crypto Assets. After Crypto Assets are increasingly recognized and positive news about Crypto is increasingly being discussed, Newbie trust is increasing. If the goal of playing crypto is to get rich quickly, who can guarantee that crypto can make someone rich.

It needs to be underlined, Cryptocurrency is a very risky asset because its movements are very dynamic, price changes can occur at any time without being predictable. For Newbies who are interested in crypto assets, they must have clear investment patterns and targets, don't make crypto as speculation that can provide wealth in an instant.