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Author Topic: Suggest for newbies investors!  (Read 451 times)
yudi09
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August 18, 2023, 03:07:43 PM
 #21

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.
Both have their differences and for me, beginners might be more suitable for investing early because over time it can be used to learn to trade and learn everything related to both.
Learning to do research on crypto can be found in many places, including here.

Don't want to care about what should be done before doing it, then the risk is losing money.

Beginners should do their research and anything else important here first, but I also think that the yardstick of one's knowledge of investing and trading is not account rank. For members who have just joined here, they may be professional traders and investors.

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August 18, 2023, 03:39:56 PM
 #22

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.

Trading or investing in the cryptocurrency market is not as easy as people think. It is a risky market and there is a high possibility of losing your capital easily. Newbies need to learn before trading or investing on this platform. Now on the internet you will find various platforms where newbies can easily gain knowledge and experience about the crypto market. Investing is not difficult once you have complete knowledge about the market. Trading is more difficult than investing and requires a lot of experience. Trading requires learning chart readings, candlesticks, support and resistance and various indicators. While investing, you have to choose projects about which you have done thorough information and research. A good project can give us good profit.


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August 18, 2023, 03:43:49 PM
 #23

Many people still regret why they didn't invest in crypto earlier enough and you are advising against it? What do you want investors to do? What they need is proper research before going into the investment and not to rely on a mentor who is teaching and struggling with making profit off trade. Those who invested earlier in bitcoin are the whales in the market, so it is advantage to start earlier if you confirm the project will not scam you.
Those who are at the beginning even get a lot of benefits when buying Bitcoin. The price of bitcoin when it first appeared was still under $ 1 and of course it was very cheap and how much could you get when you held it at the beginning until now. Whales didn't waste the opportunity to start. Even though at this time whoever entered early would benefit, even if it was a scam project and they were selling at the peak. Latecomers just find the rest and the hype fades. But when it comes to bitcoin, of course Bitcoin is different and those who enter now will also benefit.
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August 18, 2023, 03:59:33 PM
 #24

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.

Crypto isn't a make it quick scheme. It involves continuous learning. Newbies should try to learn for them to start investing.

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August 18, 2023, 04:24:12 PM
 #25

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.
We'd rather not talk about "getting rich in crypto" because even if you are in the crypto space and investing in Bitcoin for many years, you still do not get rich instantly.

Well, generally, you are suggesting newbies do research first before investing as I understand, and which is right.
Investment is not a contest indeed which who comes first will succeed and earn more but those who come late will earn less. But NO, it is all about how prepared you are and it matters how knowledgeable you are.

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August 18, 2023, 04:44:15 PM
 #26

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.
I would also agree that you are trying to encourage people here to do research on crypto before they all decide to invest and trade too fast in the market. Because not a few people are often rash in making decisions after hearing about crypto from other people's mouths without doing more in-depth research by themselves, so actually I also quite agree if you forbid them from investing and trading if they are just getting to know crypto and don't have much more understanding of crypto itself yet.
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August 18, 2023, 06:12:41 PM
 #27

well, first advice should be that newbies should learn about Bitcoin and be fully educated and convinced that they have learn the cons and pros of Bitcoin and should have even invested into Bitcoin, before taking a decision to play around with Altcoins. Some newbies learn about Altcoins during their first stage to cryptocurrency and they get some kind of conviction that Bitcoin is too expensive and for that, they go for some shitcoins which they think is too cheap and they can buy billions of those coin with just some dollars. Yea, it's quite simple to become shitcoins billionaire with those large sum of  shitcoins in your wallet, but it's not easy to become a real dollar billionaire with those huge amount of Altcoins. Newbie should learn and make their privacy and security a periority because in the Crypto space, there are lot of attacks on investors and their wallet.

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August 18, 2023, 07:17:25 PM
 #28

Don't invest early

I guess you have the mindset of altcoins in making this post and it is perfectly reflected in your post. No newbie that joins the industry now is early, especially in bitcoin investment. They can be early in altcoins investment and that is why I said that you had the mindset of altcoins in making this post.
I will recommend that any newbie that has learnt the basics of bitcoin, this is the right time to invest, there is no need wasting more time.

Do not trade to soon

In the context of bitcoin investment, this advise is correct but saying about altcoin because that is where mindset it, it is nice to trade to trade anytime you have profit because the coin can just dump on you.


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August 18, 2023, 08:07:51 PM
 #29

Don't invest early
This is a silly advice to give to a newbie or anyone. If you don't advise one to invest early in a project when do you think is appropriate to invest, late? This is so disappointing coming from you and I was hoping you could give a good reason as to why one shouldn't invest early. If you are going to advise to always do due diligence before investing in a project is fine but not this please.

Do not trade to soon
I'm going to agree with you on this one. As a newbie you shouldn't rush and start trading, if not you will end up losing your funds. The smart thing to do is to equip yourself with the rudiments of trading, learn the fundamental analysis, read books, articles, watch expert videos and importantly try your hands on demo trades before finally trading with Bitcoin or any other crypto assets.

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August 18, 2023, 08:18:01 PM
 #30

Don't invest early
Do not trade too soon

This is because you are new to the crypto market so you may have an idea of ​​getting rich quickly 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 should invest in crypto projects at a very early stage of a project because newbies lack adequate knowledge, strategy, and information to explore the crypto market.

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August 18, 2023, 08:31:24 PM
 #31

Don't invest early

Investing early is the best idea to me. Investing in bitcoin is the best investment option for all investors especially the newbies who have no knowledge and the big risk in investing in other coins. With bitcoin, you’ll not experience irreplaceable loss unless you’re careless with your money and didn’t secure it fully.

Quote
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.

Trading is for everybody and not secluded to few, but the ability and prepared mindset you have determines when you’re ready to trade or not. If you’re not prepared mentally and emotionally, don’t go into trading because the market is volatile and it’ll not always goes one way. Having the notion of getting rich quick always leads to disappointment, that’s not what bitcoin is all about and such notion should be discarded by newbies coming into cryptocurrency.

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August 18, 2023, 09:14:00 PM
 #32

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.
People suggest to not hurry trading or investing because we need to have sufficient knowledge first. Trading/investing in crypto is a high risk, it is not as easy as people think to get profits. Crypto market has a big volatility, we can't deal with this type of market if we don't have enough knowledge. Also, we need to always update information, because the news has a big role to determine the up or down of crypto prices (red/green market).

In addition, new comers must have a good mentality. People who are easy to panic, will be difficult to deal with too many FUDs in crypto. That's why we must have sufficient knowledge first, then we can build a good mentality.


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August 18, 2023, 10:58:27 PM
 #33

Don't invest early
Do not trade to soon...

Tell this to those who bought bitcoin ten years ago, having absolutely no idea what price the coin will reach and having no idea that a cryptocurrency market will be formed thanks to BTC. It was those first investors who got the maximum profit, which is impossible for those who invest now.

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August 19, 2023, 04:02:28 AM
 #34

Don't invest early
Do not trade to soon...
You are

Tell this to those who bought bitcoin ten years ago, having absolutely no idea what price the coin will reach and having no idea that a cryptocurrency market will be formed thanks to BTC. It was those first investors who got the maximum profit, which is impossible for those who invest now.
You are right and I don't know why OP is saying one shouldn't invest early,when it is the early investors that have benefitted more from bitcoin because they bought bitcoin when the price was very cheap. There are some people who loves and believes in something that they haven't tried but because they understand what might happen tomorrow, they will take advantage of the belief and invest to hive it a trial. This was how some early investors gave bitcoin a trial because they love the privacy and financial freedom attached to it and not because they think that the price will soar high to this extend. It was a surprise for them to see that bitcoin became an investment and has great potential more than what they took it for.

R


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August 19, 2023, 06:16:50 AM
 #35

Here's an imaginary merit for you. Tongue

Don't invest early
This is a subjective one, and the result isn't always the same.

Sometimes, investing earlier than other investors can give more profit to them especially if they are lucky to invest their money into a new project that became successful. On the other hand, not investing early might prevent the investor from getting scammed because we know already that most of the new projects currently are mostly ending up as a scam or an abandoned coin. Either way, since I'm an investor who mostly invests my money into established coins already, I'm agreeing with this one since I'm a conservative type of investor. Cheesy

Do not trade to soon
Do not trade to soon? Can you please elaborate this.

I guess if you're pertaining to "Don't trade to soon, unless you have the knowledge already" then I guess I'll just agree with you because in trading, knowledge is a big factor. Aside from knowledge, experience really helps as well because there are some times where in order for you to make a better decision, you need to experience losing in trading. Just my opinion only though.

This is because you are new to the crypto market
I'm not new to the crypto market, and I know already how market moves. Tongue

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August 19, 2023, 08:37:26 PM
 #36

-snip-I don't know why OP is saying one shouldn't invest early,when it is the early investors that have benefitted more from bitcoin because they bought bitcoin when the price was very cheap.
I guess OP is referring to the newbies who invest in Bitcoin without understanding the Bitcoin firstly. There are many newbies who invest in Bitcoin because they follow the hype only. They probably hear that people can be rich instantly by investing in Bitcoin, and they think it is an easy matter. Even worse, they don't know the risks of Bitcoin investment. They also never learn how to deal with the risks.

Early investors bought Bitcoin when the price was very cheap. So they don't use big money to buy the Bitcoin. They won't regret it even if Bitcoin have no value in the future because it is a small money only. It is different when we invest in Bitcoin now, the price is already quite expensive. So, people will regret it if they lose a big amount of money.

There are some people who loves and believes in something that they haven't tried but because they understand what might happen tomorrow, they will take advantage of the belief and invest to hive it a trial.
People want to speculate on something they never experienced because they know well about it. Although it may be the first time they try it, but they already learn it deeply. I am sure no people who purely want to speculate on something that they really don't understand it. No one wants to waste his/her money, especially if it is a big amount of money.

This was how some early investors gave bitcoin a trial because they love the privacy and financial freedom attached to it and not because they think that the price will soar high to this extend.
For the early investors in Bitcoin, they only know it will be a digital currency in the future. It was actually described by the Satoshi on the whitepaper. But since the price keep increasing and there are more and more people want to buy it, people view it as a future asset as well. I assume most people aren't involved in Bitcoin because of loving the privacy or financial freedom, but it is about the potential of the future of Bitcoin.


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August 19, 2023, 09:58:15 PM
 #37

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.
It can be said that:
Invest or trade when you are really ready to do that.
Being ready here includes a number of things, not just being ready financially. But also prepared in knowledge, mentality, and also risk management. Because investing, especially trading in crypto, is indeed very high risk. Instead of wanting to get profits, it will actually turn into a big loss if we don't really prepare very well. especially if it is a newbie. Just imagine, even professional traders can experience failure and loss in trading, especially newbies who are not equipped with sufficient knowledge and self-preparedness? That means it's just like gambling, it's simple.

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August 19, 2023, 10:51:47 PM
 #38

Don't invest early
This has a double meaning. If it seems negative for you, for the other instances this is a good suggestion. For example, in the past for several years if tell this to yourself as a newbie then you may be feeling the regret now because you have never invested too early. That's how it goes but if you just did the right thing of investing too early, then you're one of the people that's being jealous with by many people.

Do not trade to soon
The same goes for this, you'll never experience and learn the lesson in trading if you don't do it. But, the good thing is we've got choice to hold so if you think that you're not a good one and you give up, choose to be an investor and hodler.

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.
It's okay, just about the rich quick scheme because trading and buying Bitcoin aren't part of it. And at the end of the day, that's true about DYOR before doing anything.

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August 20, 2023, 06:46:30 PM
 #39

Am not sure you're also not a newbie because your idea here is very poor to help a newbie get the message you're conveying being well communicated, am seeing a sr member rank posting like a newbie here, if this is all a newbies nerds to make the right decision then many would have been misled because this is not informative enough, let's learn to be more constructive in passing across a message considering the requirements for a quality post.
I don't see anything bad in what OP has written, he might not be a very good poster but what he said is absolutely correct, most newbies basically rush it, they don't learn anything, they don't do any proper research, but all they want is to earn money because they've heard people saying that they can earn money by investing in cryptocurrencies, so they get into the market and start buying recklessly without any knowledge and information about the market.

That is definitely not the right way to go about it, a person should first learn the basics, they should study the market, read about different cryptocurrencies, and check their history, they should see how the market has been doing lately, once they get ample information and knowledge, then they should start taking investment decisions.

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August 21, 2023, 10:21:31 AM
 #40

When newbies come to invest in crypto they tend to think differently which can lead to their losses. When a new trader thinks that he will become rich by trading in few days, it is all his greedy thinking. If he thinks so then he must be zero at this time and it is never possible to profit in crypto in a hurry. Rather a new investor or trader needs to know about different strategies and follow them accordingly. Many times it is seen that some investors are not well experienced about the market yet they invest and lose money during this time, so he needs to research about the market before he can be successful.

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