NEWBIES: A good way to start-up with crypto.

[Patrol69]

Of course, before investing or trading in crypto-currencies, one should have a thorough understanding of crypto-currencies without having any idea or experience. If one invests in Bitcoin only on greed, there is a high chance of making a profit, let alone a loss. And if trading can be done in the right way, trading can be done according to the right rules, then it is possible to gain profit from that trading. When a new person is involved in trading or investing, various fraudsters try to cheat the new person and those new people are cheated because they are not experienced enough and have no idea about it, so always be aware of these scams.

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[livingfree]

We might have the ability to discern the fraud projects but we should always be someone who keep on doing research and not just when we feel that there's something wrong with a project.

Like, doing it as a habit in researching and not just when someone tells you to do so in DYOR.

another thing that leads people, especially newbies to scam is greed.

Right on, many newbies tend to invest into projects that are giving high numbers that are unreal.

[savetheFORUM]

No one can learn from others' experiences, go experience it yourself and write your own journey. Do not copy. Do not emphasis someone's learning in your life.
Not everyone's life is the same, and so does the experiences.

Go try out everything you need in Cryptoverse and once you start making mistakes, you will understand that you are growing.
Because the one who does not do mistakes, never learns.

I don't agree that one cannot learn from the mistakes others make, especially if it's about cryptocurrency or the online world. If I tell you that you shouldn't trust a specific website and don't invest your money with them because it is a scam and I have been a victim of them and I also show you the proof, but if you still go ahead and make an investment with them and lose your money, it's your mistake that you didn't learn from what I did.

So basically, a person in the digital world, or even in the physical world, should learn to observe the actions of others and the outcomes of those actions, so that if the outcome is not favorable, they don't make the same actions.

[Dr.Bitcoin_Strange]

Having a proper knowledge of cryptocurrency helps you avoid unnecessary losses by being victim of scams, notwithstanding if the scammers are passing through a close friend or relative of yours in introducing it (investment project) to you, by your common enlightenment of cryptocurrency you will be able to quickly discern they are fraud despite whatever buzzwords they may use in their bid to deceive you. In that scenario you don't only help yourself escape from falling victim but also exhume such a friend or relative too. In extension, your knowledge of cryptocurrency equips you to avoid platforms that promises offers that are too good to be true as return on your investments.

You are correct. Recently, I had this thought to myself: "It's very possible to be a real Bitcoiner, but a very skeptical person about every other cryptocurrency." Majority of Altcoins are scam so if one has more knowledge about Bitcoin, they will be on the safer side.

If one really has that' true knowledge of cryptocurrency and blockchain technology generally, they would hardly get scammed, and that's when they've really been enlightened. In as much as there are thousands of cryptocurrencies in the space, most are fake, and some are just coming up with the idea of using cryptocurrencies to scam Newbies in the real world.

I still remember that about six years ago, there was a group of people going around the whole city of my residence with fliers and advertising a nonsensical token called Blue Coin. They were convincing people to invest in the coin, and if one did, they would give you an ID card that contained your wallet address and private key. After which, you would download Meta Mask and log your wallet in, and they would deposit the amount of Blue Coin you had invested. A lot of people fall victim to that process; even I almost invested because I was not yet into the crypto currency space, which means I was still a novice.

But after I got into the crypto currency space, I started with altcoins, got scammed, got rubbed off the little I tried to invest, and had a lot of bad experiences, but it was all a good lesson for me. Which makes me more happy because any time I talk to a crypto newbie, i speak with full experience, setting an instance with the bad situations I have encountered in the space before.

So, when one is really enlightened about cryptocurrency, they will not easily get scammed, and they will also illuminate others and prevent them from getting scammed too.

[BitDane]

We might have the ability to discern the fraud projects but we should always be someone who keep on doing research and not just when we feel that there's something wrong with a project.

Like, doing it as a habit in researching and not just when someone tells you to do so in DYOR.

Researching should be done if we are to engage in some form of investment.  Researching everything even though we are not to engage in it would be a waste of time.  It is also advised that we used our time wisely so random researching will only waste our time and effort.  Knowledge is very important but learning useless knowledge that has nothing to do with our future activities is like wasting our resources.

another thing that leads people, especially newbies to scam is greed.

Right on, many newbies tend to invest into projects that are giving high numbers that are unreal.

Greed made the person mind malfunction.  Greed remove the rationality and the logical way of thinking on how things work and it makes our brain to focus on the possible huge earnings. Worst it creates a sense of urgency that makes us invest before thinking.

[Gallar]

How fraudulent persons easily take advantage of you is in your urgency to invest. Get knowledge first before you invest or trade in cryptocurrency rather than putting your money into what you have no understanding on.

That is a big problem for beginners in the crypto world. Many beginners still make the same mistake, even though there have been many examples before they started to enter the world of crypto investment. There have been many fraud incidents that have resulted in many investors losing, beginners should be able to take lessons and lessons from all of these incidents. Don't just put forward your ego, so you can quickly make big profits in crypto investments. But immature in learning about crypto. So how can you make a profit, if the knowledge is also not mature. Precisely beginners should be more active in exploring their knowledge first, so that they are not easily fooled by evil elements. Because I'm sure, the fraudsters in the crypto sector are also continuing to learn, so they can continue to hook their victims in more subtle and convincing ways. Therefore, investors in crypto, especially for beginners, never let their guard down and don't want to lose to these fraudsters.

[ItsCrafty]

Of course, before investing or trading in crypto-currencies, one should have a thorough understanding of crypto-currencies without having any idea or experience. If one invests in Bitcoin only on greed, there is a high chance of making a profit, let alone a loss. And if trading can be done in the right way, trading can be done according to the right rules, then it is possible to gain profit from that trading. When a new person is involved in trading or investing, various fraudsters try to cheat the new person and those new people are cheated because they are not experienced enough and have no idea about it, so always be aware of these scams.

Surely, starting up with cryptos requires careful planning and preparation to enter in the market. Determine your trading goals and objectives i.e either you are you looking for short-term gains or long-term investment? Define your style of trading and consider your available time and preferences to select a trading style that suits you best. Develop your trading goals and strategies because It helps you stay disciplined and consistent in your trading approach. Regularly review and update your plan as needed.
Crypto trading takes time, effort, and experience to become a successful trader. Be patient, persistent, and committed to continuous learning and improvement. But to implement all these things, you need to study about the cryptos and acquire basic knowledge and technical skill by joining the relative forum and community support platforms.

[kamvreto]

~snip~Crypto trading takes time, effort, and experience to become a successful trader. Be patient, persistent, and committed to continuous learning and improvement. But to implement all these things, you need to study about the cryptos and acquire basic knowledge and technical skill by joining the relative forum and community support platforms.

from all the points you mention, about commitment and knowing basic knowledge is the beginning of it all. Because basic knowledge is an important start to know everything. Such as technical and fundamental analysis knowledge and what is crypto, investing and trading. Beginners shouldn't miss that because it will be the foundation of everything. A few years ago I did too, learned the basics and worked my way up to know how crypto works.