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

[Renampun]

...
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.

As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.

every time we are bound to be met newbies who feel their choices are always the most appropriate and most correct even though that is just a delusion created by watching videos from shitcoin influencers.
I once had a big debate with a friend who claimed that altcoins were much better and more profitable than bitcoin but what is happening now, his capital is hidden because the shitcoin he bought has never experienced a price increase again even though at that time I advised him to think twice about buying the altcoins.

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[Luffygroove]

You're right; greed shouldn't make them jump in immediately without knowing what exactly that they jumped into is. Many beginners got attempted by evil people who were actually just trying to trap newbies so their bags could be sold. These evil people are offering something that's actually too good to be true, and something that's too good to be true sometimes isn't true at all. Don't believe that crypto could make you rich in one night, because it's not that easy anymore. People should be prepared, just like you've said, to lose some amount that they can afford, not that they can gain (some people even take out loans to invest, which is a big no-no). For beginners, bitcoin is a relatively safe area if you want to dip your foot in and test the water. Investing in Altcoin is another level of skill in investing; do it in steps to avoid a big loss.

[348Judah]

Every beginners should definitely know this that everything about making an investment involves taking risk, most especially in dealing with other cryptocurrencies aside bitcoin, whereby we don't know the genuine intention of the developers, also we needed to have it in mind that everything has time a d season, we shouldn't rush or overracted in doing something, we have to put it at the back of our mind that ultimate research is needed and we should secure our investment and always make it private.

[AakZaki]

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.

Are you so sure? If I look at me when I'm just starting out, I always try not to lose. I always try to keep my capital growing. That's what I remember when I started, so it's wrong for beginners to always not have any attention to what they invest in.
I always try to learn with what I do. I marked it and will not do it again if it was a mistake. Because I never wanted to depend on anyone else even though so many services provide it. The result today I can enjoy the result.

[Queentoshi]

Every beginners should definitely know this that everything about making an investment involves taking risk, most especially in dealing with other cryptocurrencies aside bitcoin, whereby we don't know the genuine intention of the developers, also we needed to have it in mind that everything has time a d season, we shouldn't rush or overracted in doing something, we have to put it at the back of our mind that ultimate research is needed and we should secure our investment and always make it private.

Investing what you can afford to loss! Nobody want to invest to loss, sometimes is good to take a risk, there is saying that most of the successful people in the world today are all risk taker, if one is not ready to take a risk then that person is not ready to be successful, the main ideology is investing wisely and do not get too greed, and what I mean by do not get too greedy, is no one get rich overnight, is a process. so, where most people get carried away is when they have that mindset of getting rich immediately, that is where the greed comes to play.   

[Belarge]

Op your advices are so visible to every eyes, so I wish it can sink in the brain of every member reading it, though I'm always saying it too, I don't see any reason why someone should even invest with what you can't afford to lose, and later start been emotional when we all know Bitcoin is 50/50 either you make gain or loses, greed is another issues some bitcoiners are having, if you incurre loses in any trade, I will advice you relax first, monitor the trade before investing again, but some bitcoiners will want to regain any loses they incurre at once, and this will lead them to incure more loses, so I just hope they could avoid been greedy and trade with caution, thanks op for the lovely advice...

[freedomgo]

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.

Even myself I would attest to that. Altcoins are never good for long term hodling, so once you are seeing altcoins are in profits, then take time to sell and never hold them longer. Otherwise, you will end up losing your expected profits once altcoins have suddenly drop their prices sharply leaving your portfolio not profitable anymore. And the sad reality is that, most of them cannot manage to recover anymore and left as dead coins. However, as a friendly advice, if you want to lessen the risk when it comes to investing, just try to avoid altcoins and stick with bitcoin and just simply work on it.

[qwertyup23]

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.
As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.

Though I do agree with your statement, there are still some notable altcoins that are worth investing on. For example, ETH is a great altcoin where you can potentially earn large sums of money at the end but this would require either a short/long-term investment on your side. But if a person wants to maximize and capitalize on his investments, then investing in BTC may be the best move.

Personally, investing in BTC is the way to go. If you pair it up with one's personal research about the market and potential breakthroughs, the chances of a person profiting at the end is significantly high compared to the average person who invests without any resource or information at hand.

[Crypt0Gore]

Let them do their thing, it's not as if all new projects are going to rugpull on investors like that, many of those investors you talking about are born ready to risk their money and only less people are scared of losing their money.

Yesterday  I found out that a meme coin called PEPE turned many into millionaires in a very short period of time, this mem coin has only 400,000 market cap when I came across the project and now its in millions, those who invested 50$ are now in millions of dollars. What will you say to this?

Those who took the opportunity will be in good shape right now and then can use the money to reinvest in Bitcoin and other big projects.

There should be nothing wrong if you are using the money you can afford to lose to invest in projects. Taking risks always have it's paying day.

[SOKO-DEKE]

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.

It will be beneficial to see more people investing in the cryptocurrency sector, particularly in bitcoin. Nobody who is aware of the cryptocurrency market and the impending bull run would want to miss the upcoming chance.

I want to use this opportunity to warn newbies not to be deceived by the idea of becoming wealthy quickly by investing a sizable sum of money that they cannot afford to lose in the cryptocurrency industry. They should be aware that no any crypto advisor will advise anyone to invest their entire life savings in any project that it will do 10x, since nobody can predict the future of crypto industry, and with that  anyone who claim so, is a lier.

The cryptocurrency sector is not a place where someone can get rich quickly, and having that kind of mindset could cause someone to invest in a project that is not up to par for a person to invest in.Many new projects will launch during a bull run, but many of them will turn out to be scams  but at beginning with hype by crypto influencers it will look pretty good to invested in. If you're eager to succeed quickly, you risk being blind and investing in a scam project.

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.

As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.

As you stated, the best advice you can provide for beginner is to invest just in Bitcoin.Some alternative currencies are not harmful to invest in, but the issue is that beginners could be lack the good knowledge to properly study a cryptocurrency before investing. As a result, I agree with the advise given to beginners to adhere  to only Bitcoin.

[Sandra_hakeem]

This has been said countless times...
It's actually the reasons why anyone would wanna get on the quest to learn before the idea of creating an opportunity to earn. You can't earn as much as you think without learning on 'em preferences to do so... Every other time, the idea of seeing the learning process as a "waste of time" is usually the same idea that thrives the greed in 'em rookies, to COVERT all they want In a twinkle of an eye.
I will Always advise every newbie to quit the idea of rushing into anything.... That's actually what kills the zeal Cus you'll actually lose woefully.

Sandra 🧑‍🦰

[isaac_clarke22]

~

PEPE? I thought that only like a Twitch-related stuff and I did not really expect any meme coins coming from it, but I guess...well it is a meme coin.

What can I say? I guess people were more like into hypes rather than utility of coins anyway. I wouldn't risk myself though. It is not just worth my mental health and my money to invest to any internet culture that should just stay as an internet culture.

[martyns]

This topic makes me feel some how,do some people really invest because of greed? I don't think any one invest because of greed, every one is looking for a way to have financial freedom,and they invest to be alright,I don't really think there is greed in investment.When we invest,we need profit,a gain that will satisfy us,one that will make us financially bouyant without complaint,but some persons see it as greed.
What I can call greed is when one is already fine,financially bouyant,and still invest as if he doesnt have nothing,that is when I can say one invests out of greed,if not,we just need to be okay,to be financially stable,and that's all.

[Rockstarguy]

Every beginners should definitely know this that everything about making an investment involves taking risk, most especially in dealing with other cryptocurrencies aside bitcoin, whereby we don't know the genuine intention of the developers, also we needed to have it in mind that everything has time a d season, we shouldn't rush or overracted in doing something, we have to put it at the back of our mind that ultimate research is needed and we should secure our investment and always make it private.

The problems some beginners do have is that they only imagine only profit they can make in cryptocurrency, it feels as if the market will always be in favour to their investment,  so they do not think about the risk in the Market that can run down the plan of an investment if one is not very careful. Cryptocurrency is a profitable investment and it is also has some level of risk involve in it, because of the risk that is concerned with it beginners should be careful in investing only what they can afford to lose and never to think that crypto can make one to be rich .

[puloweh555]

Many beginners who jump into crypto investing are careless and don't understand the risks involved that can cost them. There are many aspects to consider when choosing a crypto coin to invest in, such as liquidity, market cap, adoption and development team.

It is also important for beginners to understand that not all crypto coins are created equal. There are some that have strong fundamentals and the potential to last a long time, while others may only be temporary and high-risk trends.

Your advice to choose Bitcoin as a long-term investment is appropriate. Bitcoin has a large market capitalization and is recognized by many as the most stable and reliable crypto coin. However, as you said, this is not an instant investment and it can take time to see results.

In crypto investing, it is important to have discipline and avoid greed. FOMO can cause someone to buy crypto coins without adequate research and chase trends without regard for the coin's fundamental value. Beginners should do sufficient research and make decisions based on careful analysis and good investment skills.

[wahyuagung26]

every time we are bound to be met newbies who feel their choices are always the most appropriate and most correct even though that is just a delusion created by watching videos from shitcoin influencers.
I once had a big debate with a friend who claimed that altcoins were much better and more profitable than bitcoin but what is happening now, his capital is hidden because the shitcoin he bought has never experienced a price increase again even though at that time I advised him to think twice about buying the altcoins.

It often happens to beginners that maybe they don't have enough knowledge and references in their introduction to Cryptocurrency, they believe more in Altcoins than Bitcoin and maybe this is caused by their lack of knowledge about cryptocurrencies. because this factor actually requires them to be able to learn in advance which ones are good in the world of cryptocurrency and that doesn't mean that Altcoins are not good, it's just that research is needed in choosing the right Altcoin, because there are some shitcoins that are not very good.

[Russlenat]

Every beginners should definitely know this that everything about making an investment involves taking risk, most especially in dealing with other cryptocurrencies aside bitcoin, whereby we don't know the genuine intention of the developers, also we needed to have it in mind that everything has time a d season, we shouldn't rush or overracted in doing something, we have to put it at the back of our mind that ultimate research is needed and we should secure our investment and always make it private.

Remember that all that glitters is not gold. Newbies should never forget about it and should never be obsessed in investing a lot of crypto coins hoping to get huge profits in the end. This is not the case in crypto, the longer the crypto lives, the more it becomes profitable. And obviously, it’s only bitcoin that has survived over a decade, and the rest are just good at the start but never sustain their value in the long run. That’s why we should only invest in bitcoin and get rid of altcoins.

[Assface16678]

Every beginners should definitely know this that everything about making an investment involves taking risk, most especially in dealing with other cryptocurrencies aside bitcoin, whereby we don't know the genuine intention of the developers, also we needed to have it in mind that everything has time a d season, we shouldn't rush or overracted in doing something, we have to put it at the back of our mind that ultimate research is needed and we should secure our investment and always make it private.

Investing what you can afford to loss! Nobody want to invest to loss, sometimes is good to take a risk, there is saying that most of the successful people in the world today are all risk taker, if one is not ready to take a risk then that person is not ready to be successful, the main ideology is investing wisely and do not get too greed, and what I mean by do not get too greedy, is no one get rich overnight, is a process. so, where most people get carried away is when they have that mindset of getting rich immediately, that is where the greed comes to play.   

In every investment, there's always a risk so this is normal for the people who's investing in a few years. Newbies must avoid being greedy when it comes to money. I've experience this when I'm starting in investing, I'm thinking that investing cryptocurrency make your life better or become a rich quickly so later on, the cryptocurrency that i invested became no value so after that I learned that nobody in this world will make a instant money or become rich quickly, you should work hard or be patience to obtain your goal. Don't be greedy and take a time, research about what you investing and invest what you can afford to lose.

[Don Pedro Dinero]

<...>
I want to use this opportunity to warn newbies not to be deceived by the idea of becoming wealthy quickly <...>

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,

I agree with you completely, comrade. The fundamental mistake that people tend to make when they think about getting rich is to be in a hurry, and this often leads to losing everything. In the environment we are in, it also often leads to trying to guess the next altcoin that will make 100x in a short period of time.

This topic makes me feel some how,do some people really invest because of greed? I don't think any one invest because of greed, every one is looking for a way to have financial freedom,and they invest to be alright,I don't really think there is greed in investment.When we invest,we need profit,a gain that will satisfy us,one that will make us financially bouyant without complaint,but some persons see it as greed.

What you say is not true, mate. Yes, there are greedy people who invest greedily, and by no means all of us who invest are seeking financial freedom. Many of us are simply securing an easier future. I think you make the mistake of thinking that everyone thinks like you do.

[touseefahmad1999]

I completely agree with your advice. It's important for new investors in the cryptocurrency industry to exercise caution and do their own research before investing. The cryptocurrency market can be very volatile and unpredictable, and investing large sums of money without proper knowledge and research can lead to financial losses.

It's also important to diversify your investments across different projects and not put all your eggs in one basket. While Bitcoin may be considered a safer investment option, it's still important to research and understand the risks associated with investing in it.

In addition, investors should be wary of anyone promising guaranteed returns or making unrealistic claims about the potential for huge profits. These are often scams and should be avoided at all costs.

Overall, investing in cryptocurrency can be a great opportunity, but it's important to approach it with caution and make informed decisions based on thorough research and understanding of the market