Moment of truth

[Bitcoinpoly]

It's time to share your experience.
(choose one question and share your thoughts)

 3. what would be your advice to the newbie still trying to figure things out?

My advice for the newbies is for them to DYOR. Make sure you do thorough research before buying into any project and also make sure you take your time to learn.

[Y3shot]

3. what would be your advice to the newbie still trying to figure things out?

When beginners hears about bitcoin that it gives profit they should not just rush because they want to make profit from Bitcoin. It is better they make research on Bitcoin to study Bitcoin and understand it well. Rushing into bitcoin without any knowledge can end up make one to have regret if hodling seems to be difficult.

4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.

This mindset is a parasite that doesn't let people to get what they are supposed to gain from bitcoin,  it is important that more knowledge of bitcoin needs to be obtain for new investors to get better understanding of what they are dealing with.

[Bitcoinpoly]

It's time to share your experience.
(choose one question and share your thoughts)

4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.

I never had that mindset actually but I really wanted to make money too, I ran into some losses then but along the line I learned and learned again now I have good understanding of the market, also the Blockchain4Youth enlightenment program helped me out a lot.

[TheUltraElite]

I like this sentence fragment "I did dabble with altcoins and learned soon after that it was a mistake, it wasn't slow". Currently, many altcoins seem to have reached the bottom of their market cycle and many still like to spin in altcoins during reversals.

Mostly people who dabbled in altcoins ended up having their same hands burnt. Altcoin investment is driven by the fact that early bitcoin investors are if still holding their coins, millionaires at the current price. They think that same price rise is coming up for altcoins, but this is a wrong assumption. Bitcoin is one of a kind and its success will not be replicated by any altcoin, whatever their vision might be.

Eventually these people understood their folly and moved away from cryptocurrency and not even bitcoin was touched by them. Those who have been in this community for long know what potential bitcoin has and hence it is the only coin to buy.

[Promocodeudo]

As we are different being, that's how our experience in life is, sincerely, my experience in bitcoin has not been that bad, but the truth is, this journey has not been as smooth as it looks, actually bitcoin was introduced to me by a friend that was before I joined forum but it wasn't easy.
I got to know much about this currency when I started being much active in this, the knowledge of this currency was gradually assimilated in my brain, I wouldn't say that I know much about Bitcoin, but the little I know will help me in the industry,
I never had the get-rich-quick mindset because I got the knowledge that bitcoin is a volatile asset, we can never know it's direction in terms of the price, we can only buy the little we can, if we have more amount of funds to invest we are free to do that, but it should be a personal decision, most importantly we have to be patient enough to hold for a while.

[fuguebtc]

I like this sentence fragment "I did dabble with altcoins and learned soon after that it was a mistake, it wasn't slow". Currently, many altcoins seem to have reached the bottom of their market cycle and many still like to spin in altcoins during reversals.

Mostly people who dabbled in altcoins ended up having their same hands burnt. Altcoin investment is driven by the fact that early bitcoin investors are if still holding their coins, millionaires at the current price. They think that same price rise is coming up for altcoins, but this is a wrong assumption. Bitcoin is one of a kind and its success will not be replicated by any altcoin, whatever their vision might be.

Eventually these people understood their folly and moved away from cryptocurrency and not even bitcoin was touched by them. Those who have been in this community for long know what potential bitcoin has and hence it is the only coin to buy.

I do not encourage people to invest in altcoins because of the risks involved, but what do you say about ETH? Because it is also an altcoin or BNB...and many other altcoins have also been bringing huge profits to many investments. I really don't know what the future holds for those altcoins, but so far it's clear that if people invested in them from the early days, the returns they received were no less than those who invested bitcoin early. Altcoins are very risky , many people have lost money because of it but not all, mate. Many people have become rich thanks to altcoins and even shitcoins like doge.

[oktana]

4. Did you also have the "get rich quick" mindset. I bet it slowed down your learning process.

I did not have such a mentality (not even outside of  Bitcoin). I keep talking about how this is affecting a lot of newbies who are joining the train. Today it is common for many people to have this mentality because Bitcoin has done really well over the years, and I know that is the reason why newbies jump onto any and many shit altcoins as they hope it could be another Bitcoin. But I hope that somehow, newbies will get to learn the easy way that Bitcoin is not a Ponzi scheme or a get-rich-quick program; it is only a currency that has the added advantage of profits when volatility decides to favor investors.

[Blitzboy]

As we are different being, that's how our experience in life is, sincerely, my experience in bitcoin has not been that bad, but the truth is, this journey has not been as smooth as it looks, actually bitcoin was introduced to me by a friend that was before I joined forum but it wasn't easy.
I got to know much about this currency when I started being much active in this, the knowledge of this currency was gradually assimilated in my brain, I wouldn't say that I know much about Bitcoin, but the little I know will help me in the industry,
I never had the get-rich-quick mindset because I got the knowledge that bitcoin is a volatile asset, we can never know it's direction in terms of the price, we can only buy the little we can, if we have more amount of funds to invest we are free to do that, but it should be a personal decision, most importantly we have to be patient enough to hold for a while.

Many crypto enthusiasts can relate to your Bitcoin story. Slowly improving and learning, right? You're clever to realize Bitcoin is volatile and requires patience. Surfing digital waves requires knowing when to ride and when to wait. Knowledge is power in Bitcoin, but how do we balance fresh information with our baseline rules? Every crypto turn could yield a discovery or a dead end. Call it a "crypto maze." Isnt it interesting that financial independence involves discipline and learning?

Avoid the "get rich quick" attitude and spend what you can afford. Not a race, a marathon. As we navigate this landscape, how do we stay flexible while sticking to bitcoin investing basics? The crypto puzzle, right?