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Author Topic: Suggest for newbies investors!  (Read 451 times)
Marykeller
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August 26, 2023, 07:53:05 PM
 #61

Don't invest early
Do not trade to soon
Don't invest early in what area? You gat to be specific. Is it not to invest early in bitcoin or altcoin? You wouldn't tell newbies don't invest early without giving a hint on what they shouldn't invest in. Investing early in bitcoin or potential altcoins is what every crypto enthusiast wants to do, telling a newbie not to invest in bitcoin or other altcoins sounds like misleading information that you don't want them to succeed in. Newbies should invest early as the price of bitcoin is somehow affordable for those who have a long-term plan.

R


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August 27, 2023, 04:22:51 AM
Merited by TimeTeller (1)
 #62

Below are some suggestions from my side for new investors...

Educate Yourself
Learn about blockchain, cryptocurrencies, and how they work.

Start Small
Begin with a small investment you can afford to lose.

Choose Reputable Exchanges
Use well-known and secure crypto exchanges. (Like as- Binance, Coinbase) 

Secure Wallets
Store your crypto in secure wallets, offline if possible. (Like as- Trust Wallet)

Diversify
Consider investing in multiple cryptocurrencies, not just Bitcoin. (Like as - ETH,  BNB, SOL)

Long-Term Perspective
Plan for the long term rather than short-term gains.

Avoid FOMO
Don't let Fear of Missing Out drive impulsive decisions.

Stay Updated
Keep up with crypto news and market trends.

Beware of Scams
Be cautious of too-good-to-be-true schemes.

Seek Advice
Consult experienced investors or financial advisors.

Peanutswar
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August 27, 2023, 04:30:39 PM
 #63

I don't see there's an encouragement with OP, Well I guess in the part don't invest early I guess you are talking about not getting FOMO many newbie traders and investors have this because they think being late on this is not give them a large profit. Most of projects those early birds are the most profitable because before the market down after the hype they already get their profits.
Seek for a good project that benefits you to have one of these and make sure the project won't do such thing as a rug most likely this bear market it's always happening because they want to earn huge. Invest early when you are sure to exit when you take profit.

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Japinat
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August 27, 2023, 06:04:35 PM
 #64

Don't invest early
Do not trade to soon

This is because you are new to the crypto market so you may have an idea of ​​getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of ​​when and how you should proceed.
Newbies are not expected to invest nor to trade quickly. Their focus should be acquiring first hand information and insights so they will know what and when to invest, and develop their skills and strategies so they will be efficient and effective traders as time goes by. However, a lot still end up breaking the rule and chose to invest or trade for quick profits. In the end, it’s not the profits that they have experienced, but mistakes and losses that are some point relevant for their future success.

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August 28, 2023, 02:38:43 PM
 #65

Don't invest early
Do not trade to soon

This is because you are new to the crypto market so you may have an idea of ​​getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of ​​when and how you should proceed.
You can trade early or you can trade soon if you have at least basic knowledge about Trading and when you think it's a perfect time to grab the opportunity. Sometimes market goes down to a support level and you still waiting to learn in deep level is worthless. You have to research by own and also you can follow experts prediction. Combining both of them can provide you a perfect decision.

It's not a get rick quick scheme and in crypto obviously you have many things to learn like Trending, Fear and Greed Index, Support and Resistance Zone, Breakout, Breakdown, Crashing, Correction and many more. So it's a better idea when you are fully learned and you are managing your own funds. But I think it's a journey for long long time which needs experience too. So observing others research and compare with your own research can get you an effective idea. I will suggest that self learning and experience is a must for long time investment and fund management, risk management.
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