Don't invest money you can't afford to lose out of greed.

[Taskford]

...
However, altcoin investment isn't bad because it has made many millionaires in the cryptocurrency market. But where it becomes bad is when the newbies doesn't understand the risk behind it. But for he that understands the risk and abide by it, there's nothing wrong with altcoin investment.

Indeed, investing in altcoins is not all bad. I am also investing in them and believe that most people also invest in altcoins because nobody doesn't want a lot of money. But as a newbie, inexperienced, you should stay away from altcoins and only invest in them when you are knowledgeable and aware of the risks that it brings. We can't deny that altcoins are giving better returns than bitcoin these days, but to find altcoins that do, not everyone can. Investing in altcoins is interesting, but it's not for everyone.

It became bad if you invest without knowing the project. We need to do more research on the altcoins catch our attention to invest and also we also need to take out our greedy thoughts since sometimes greediness is one of biggest enemy which cause capital lost to some investors. If we just do the right thing we can really find altcoin investment is really fun and challenging.

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[Davidvictorson]

I've noticed that a lot of people are entering the cryptocurrency sector to invest in one or two projects because they've heard that bull run is on away coming and that have  many  people have plans to invest a sizable sum of money in some way to ensure they don't miss the opportunities.

Tossing caution to the wind and investing in one or two projects without a strong foundation or community because of the expected bull run, which is predicted will offer potential for huge gains, would certainly result in loss and pain.

In fact, I would advise newbies to stay away from altcoins and only invest in Bitcoin in order to be on the safe side of the game, as there will be many shitcoins that will not recover after this bear market.

Although bitcoin is not immune to market swings, we strongly believe in it and advise beginners to buy in it rather than altcoins because it has withstood the test of time, multiple FUDs, backlash, and market crashes. It is still here and still rising.

[Outhue]

In fact, I would advise newbies to stay away from altcoins and only invest in Bitcoin in order to be on the safe side of the game, as there will be many shitcoins that will not recover after this bear market.

I wonder why a newbie would even want to invest in altcoins. Crypto newbies may not even be aware of how to look at a project white paper and identify if there are some tricky things with it. Newbies don't know fully well how to check the Twitter, Telegram, LinkedIn, Discord, and other social platforms of a project to decide if it's a project to risk their funds for. So newbies wasting their time on altcoins may result in the fact that they are just burrying their funds in a snowy environment that cannot melt when warmth comes. It is wise if newbies clearly stay away from altcoins. Even some experienced crypto enthusiasts sometimes get disappointed along the way when they try to take advantage of some altcoin pump and dump price manipulation.

We all have our differences and experiences, some people started their crypto investment with Bitcoin and some with altcoins, and the result will never be the same, in the crypto space, timing is everything, some buy Bitcoin and sell too soon, some buy and hold but failed to take profit when Bitcoin reached a new all-time high.

It's been several years now that I have been into crypto investment and I have made a lot of money from Bitcoin and much more from altcoins, I could easily say that I got lucky but that's not entirely true because I spent most of my time learning about crypto projects and what makes them better than the rest.

I choose some good altcoins and also some very bad ones, but this result reshaped me and I am getting more experience with crypto projects, once beaten am twice shy right? I can't open my eye and make the same mistakes over again, this time, I am much better than who I used to be.

So OP, it's not all altcoins are bad for investment, and I started with both altcoins and Bitcoin, it's less fun for me if I can't figure out why one is better than the rest.

[Luzin]

So OP, it's not all altcoins are bad for investment, and I started with both altcoins and Bitcoin, it's less fun for me if I can't figure out why one is better than the rest.

First I did crypto trading to accumulate more Bitcoin. I use BTC altcoin pairs to do that. I think I succeeded, I was able to earn more BTC and help me in financial matters.
There are standards of bad altcoin categories that should be equated. So if we lead to profits, then we can use bad category altcoins to make profits. But there is a note that there may have to be noted, don't hold back for long it is better to enter the profit and leave. We only take advantage of the moment, not the quality of the coin or token.

[Distinctin]

I've noticed that a lot of people are entering the cryptocurrency sector to invest in one or two projects because they've heard that bull run is on away coming and that have  many  people have plans to invest a sizable sum of money in some way to ensure they don't miss the opportunities.

Tossing caution to the wind and investing in one or two projects without a strong foundation or community because of the expected bull run, which is predicted will offer potential for huge gains, would certainly result in loss and pain.

In fact, I would advise newbies to stay away from altcoins and only invest in Bitcoin in order to be on the safe side of the game, as there will be many shitcoins that will not recover after this bear market.

Although bitcoin is not immune to market swings, we strongly believe in it and advise beginners to buy in it rather than altcoins because it has withstood the test of time, multiple FUDs, backlash, and market crashes. It is still here and still rising.

Bitcoin is the only crypto coin who has survived more than a decade and obviously, that’s what made it more reputable and reliable compared to majority of altcoins that are eventually losing their value after a year or two of existence. So if you want to take the risk when investing, just stick to bitcoin and never be tempted to trust altcoins especially with their too good to be true promised goals. Altcoins may be profitable at first but it’s only bitcoin who will give you consistent profits throughout the years.

[Chivas Regal]

Diversification is a key element when it comes to investing in any market - crypto or stock market alike.  Chances are the hype surrounding an IPO is just smoke and mirrors to entice unsuspecting punters to part with their hard earned fiat.  Wait a while until the buzz has subsided and only invest a small amount at a time.  $25, $50 or no more than $100 at a time.

Instant exchanges such as the Pancakes are an ideal method to see what bargains are on offer and as they are instant you know the funds will land in your wallet not an exchange that may sting you with high withdrawal fees.

[Issa56]

Newbies don't care to know about what they are investing in, most of them have little or no idea about bitcoin, they just hear people talking about bitcoin and they also want to invest, before investing in bitcoin, make sure you are having basic knowledge about bitcoin and cryptocurrency in general, don't just invest in what you don't know about. In Cryptocurrency also invest little amount you can afford to lose, don't sell your properties or take loan because you want to invest. Also always avoid altcoins, we all saw different altcoins that crashed last year and am sure more are still going to crash, altcoin investment is just like gambling, you will either win or lose.

[Alisha-k]

Greed and eagerness has landed so many persons in situations the never bargained for, it is more now often the talk of the day 'dont trade up what you can afford to lose' but so many persons still act adamant and so fall victims to this. Be careful while you trade, trading isn't for the week.

[aysg76]

There is difference between people who first understand the market and what will be benefits of investing in it and those who see it as rising market to make some quick profits because they are only seeing it when the prices surge or say under someone else's influence without even realising what are its consequences.So they invest out of greed to earn profits so whatever they are investing they can't afford to loose it and when they see opposite happening like dips they try to cash out ending up in loss.

I have also seen people saying like taking loans for investment purposes which is exactly the opposite or this statement because you are at full risk.The second part of investment is you should invest in a reliable and potential coin in this market which provides some sort of guarantee return like bitcoin over long term holding not some shitcoins having pump dump scheme.

[mamesso]

Cryptocurrency investment is like a double-edged sword, besides being able to provide large profits, price fluctuations can also pose risks for investors. It is necessary to understand some of the risks that might approach investors, greed can become a fireball for investing if you are not careful.

Newbies who are new to Cryptocurrency must choose investment instruments that have strong fundamentals, Bitcoin is highly recommended to maintain the value of their assets. Besides Bitcoin, there are several high-end Altcoin that can make them calm. It should be emphasized to newbies who want to invest in Cryptocurrency, always use cold money, if there is a risk of loss, it will not cause depression and the burden of returning the loan.

[Wakate]

This information is always visible to everyone to make a decision on how they want to make there own investment.
"Invest what you know you can afford to lose." This word is all over the internet and we keep seeing it here in this forum every time and even with this there are people that do not care what they are investing and always want to make more money from the market. Risk management is very important in what we are doing to avoid loses that can make us become emotional. Invest what you know you can afford is the key 🗝️

[pixie85]

I don't like this saying "invest what you can afford to lose" because it's being abused and carelessly thrown around. Invest what you can forget about for years and what you won't miss.

I have some money saved up and I wouldn't say that I can at this point lose even 1k USD, allthough my bitcoin investment is 100 times bigger.

Bitcoin is going to be worth more than it is now one day. It's possible you'll have to wait 2 years for it to happen and endure countless crashes but eventually you will profit from holding it just as you will profit from holding gold or land. It's not a casino where you can lose money in an instant.

[alastantiger]

Any newbie that is thinking that the bull run is around the corner and want to invest all his life savings is just practicing how to remain poor for only God knows how long.
We are in 21st century and before you invest any single amount in any digital currency, you should do a drastic research about the investment. Every now and then we keep hearing that bitcoin investment is a very long term investment and always warned never to invest all you have or even take a loan for it because of the high risk involved.
Investment altcoin as a newbie is so risky talk more of investing what you cant afford to loose. do not invest all you have just because of the huge profit involved. Anything can happen to an investment. Just like gambling with what you cant afford where there is no guarantee of your winning.

[inthelongrun]

This is probably the most common tip or warning to newbie investors. Not just in crypto but investing in general. We can predict the future based on charts, research, and other information but there are always no guarantees of what will happen in the future.

Newbies over time are victims of this. Maybe because of greed or because they always thought that they are late if they take time to make thorough studies. When I started investing in crypto, I also felt the urge to invest right away so I won't be late but thanks to my patience and investment experiences, I did not dive right away.

[Franctoshi]

This particular discussion has been discussed several times, however sharing new thoughts here will help newbies to navigate their way out in the crypto space. If you can't afford to lose the you are coming in to invest never try risking it, and too should never invest any funds on something you don't have proper understand of it and how it works, because this has been another problem why people lose money too. You can invest the money you can afford to lose, and loose it over and over again because you don't have proper knowledge of what you are doing.

Lastly Majority of times I have lost money in crypto and trading was as aresult of me being greedy and going all In, in order to catch everything at once, try using dollar cost averaging, so I would like newbies to take note of that and avoid being greed.

[salad daging]

Beginners who come to crypto investment, of course they expect bigger profits, but sometimes they ignore the risks and this is very rare for beginners to pay attention to. They usually invest large amounts immediately expecting higher returns, even though it's not that easy. I used to experience being trapped in useless shitcoins, so here beginners have to be careful when jumping into crypto they have to have skills and if you want to be safer then just choose bitcoin as a long term investment because this will also produce better results but not instantly .

There are many methods how not to fall into the same hole, but beginners often don't learn from this, we need to be disciplined and not be greedy, let alone follow hype or fomo trends and if they are stupid they don't know about the shitcoin concept they are buying then it will lose because shitcoin is often disposed of by the coin maker.

[MIner1448]

You are right, the cryptocurrency market is very volatile and unstable, so it is not worth risking money that you cannot afford to lose. Research and understanding of the market, projects and technologies is essential before making an investment decision.
Also, investing in bitcoin alone is no guarantee of safety, as even bitcoin can be subject to significant price fluctuations. It is important to understand that investing in cryptocurrencies is a high-risk type of investment, so you should be careful and consider all possible scenarios before making a decision.

[Vaculin]

Newbies don't care to know about what they are investing in, most of them have little or no idea about bitcoin, they just hear people talking about bitcoin and they also want to invest, before investing in bitcoin, make sure you are having basic knowledge about bitcoin and cryptocurrency in general, don't just invest in what you don't know about. In Cryptocurrency also invest little amount you can afford to lose, don't sell your properties or take loan because you want to invest. Also always avoid altcoins, we all saw different altcoins that crashed last year and am sure more are still going to crash, altcoin investment is just like gambling, you will either win or lose.

That’s how greedy most newbies today. They enter the market without even making thorough research on the project they want to invest, as long as they hear it has lot of potentials to become profitable, then they instantly invest in them with huge funds hoping to reap huge profits too. And when they lose and see their coins crashing, then they realized that they should be more cautious when investing and definitely be knowledgeable at first before they will reinvest. If only newbies will not be greedy in the first place, I guess losses will be somehow avoided and maybe if they prioritize bitcoin over altcoins, they will eventually gain profits than seeing their funds being used up from altcoins investment.

[GeorgeJohn]

I've noticed that a lot of people are entering the cryptocurrency sector to invest in one or two projects because they've heard that bull run is on away coming and that have  many  people have plans to invest a sizable sum of money in some way to ensure they don't miss the opportunities.

Not everyone make profit during bullish market, the reason its not everyone that make profit is due to lack of understanding of potential coins, and sometimes some people is been mislead by the information they heard from people, so during investment you most at know your target during investment and that gives you the understanding that you have to investment directly to what you can afford to lose, not because of speculation of bullish market information you went to invest wrongly and after the investment turn out negative you began to portion blame to yourself or people around you.

[martyns]

You are right, the cryptocurrency market is very volatile and unstable, so it is not worth risking money that you cannot afford to lose. Research and understanding of the market, projects and technologies is essential before making an investment decision.
Also, investing in bitcoin alone is no guarantee of safety, as even bitcoin can be subject to significant price fluctuations. It is important to understand that investing in cryptocurrencies is a high-risk type of investment, so you should be careful and consider all possible scenarios before making a decision.

I disagree with you on this one mate,maybe perhaps you've not ventured into trading or investment before,I know Bitcoin may be subject to price fluctuations,but that doesn't guarantee  one not investing in it,Bitcoin is a life saver that is why you see some persons invest almost all they have into it,and when the market wants to be favourable,you will definitely smile out of the investment you made,but when a little money is put into it,and the market ends up being good,you will regret why you didn't use all the money you had at that time,forgeting the fact that you had the chance to use all the money you had,but sentiment didn't allow you use it.The moment you've made your research,plot your graph,and you see that the market season is a favourable one,use a huge amount to try it,and you might just end up being the next wealthiest man in your locality out of a smart and calculative move you made.