Silberman
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November 13, 2023, 10:42:31 AM |
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Newbies don't understand that Bitcoin is the best way to invest. People who are new to crypto are mainly attracted to the various alt coins in the market. Hastily buys and invests in altcoins at low prices and at some point they come back empty handed. Many altcoins have disappeared from the market. I will not say that investing in altcoins will not get return but in that case they are wrong in selecting altcoins. There are still certain number of altcoins in the market from which a good return can be obtained. Anything related to investment can exhibit a dangerous performance and can contain fault approval performance. Consideration should be given to determinations for the amount and time to maturity of the investment.
For what I can see the train of thought newbies follow is to simply look for the coins they believe can give them the most money, so it is no as if they are interested in altcoins for their fundamentals, they just think those coins are the best way to obtain massive profits, however they do not really stop to think about the risks they are taking or the likelihood of their plans succeeding, because if they did then they will realize that investing in bitcoin is by far the superior choice in this market.
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sana54210
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November 14, 2023, 09:09:55 AM |
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I would just like to make everyone cautious about the current situation as it's a period which can make or break you based on your investment strategy. It's all about Altcoin investment and most of the newbie try their luck by investing into Altcoin whenever there are rumours of bull Run and the reason they prefer Altcoin over bitcoin is that they think Bitcoin is already priced higher and it would not get pumped multiple fold any further and they think Altcoin is price priced at single digit or double digit so they can grown thousand folds but that's not the case as it's a common mistake made by newbies as they just look at the market price instead of looking total supply of Bitcoin and Altcoin, they need to consider total supply of Altcoin and calculate it with the price they expect it to reach and think if it's even possible. I would suggest sticking to top Altcoin and Bitcoin.
People do not realize what marketcap means, they are having that trouble. Investing into something just because the price is small could be one of the worst type of ideas. I have seen this recently, during last bull run, I have seen people who saw shiba token was low in price, and they were keep saying things like "if only the price reaches 10 cents, we are rich", but the reality was that it wouldn't, well it couldn't, that would make it bigger than entire crypto marketcap total. Not realizing what that means and investing accordingly is a big mistake and should not be what people are doing, we need to arrange something that would make it a lot more harder for people to make it work on the long run, so invest carefully.
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Kelward
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November 14, 2023, 03:21:32 PM |
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I would just like to make everyone cautious about the current situation as it's a period which can make or break you based on your investment strategy. It's all about Altcoin investment and most of the newbie try their luck by investing into Altcoin whenever there are rumours of bull Run and the reason they prefer Altcoin over bitcoin is that they think Bitcoin is already priced higher and it would not get pumped multiple fold any further and they think Altcoin is price priced at single digit or double digit so they can grown thousand folds but that's not the case as it's a common mistake made by newbies as they just look at the market price instead of looking total supply of Bitcoin and Altcoin, they need to consider total supply of Alt
Please share your opinions on common mistake newbie makes when market trends upward.
I see your point OP, newbies will see bitcoin as being expensive compared to altcoins, the same amount that can buy 1 bitcoin, will buy many altcoins. Meaning that they're looking at volume instead of value, in the end bitcoin that has value will outlive the altcoins. My understanding is that anywhere that there is quick cash, you'll realize that it comes with greater risks, so bitcoin investment, requires the investor to accumulate and hold for a long term term, and when perfect opportunity comes, like during bull run, the investor sales and makes huge profit. I'd be careful if I want to choose an altcoin for investment, despite any attractive offer, I can only choose a top altcoin like Ethereum, to put my money in.
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Mpamaegbu
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Crypto Casino and Sportsbook
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November 14, 2023, 04:38:19 PM |
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Please share your opinions on common mistake newbie makes when market trends upward.
Most of these mistakes have been enumerated by members above me. I read through and some of them made me nostalgic. There's that innocence that comes with ignorance and old timers like us passed through them. Now that I look back, I can only suppress a chuckle at such level of ignorance I had. The top on the list was me thinking and assuming that those tokens (didn't even know the difference then between tokens and coins) in cents and hundred miles away from cents in zeroes would rise like Bitcoin or at least get to ETH or its classics 😂. Anyway, most of them performed well and gave nice ROI but they soon died off as soon as the bull season was over. I held many, hoping they would max out and turn my little $10 to $1000. The ambition was that crazy. I hedl and couldn't sell when price started dipping. I know many will fall into that same trap once the real rally kicks in.
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DaNNy001
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November 14, 2023, 04:53:26 PM |
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I would just like to make everyone cautious about the current situation as it's a period which can make or break you based on your investment strategy. It's all about Altcoin investment and most of the newbie try their luck by investing into Altcoin whenever there are rumours of bull Run and the reason they prefer Altcoin over bitcoin is that they think Bitcoin is already priced higher and it would not get pumped multiple fold any further and they think Altcoin is price priced at single digit or double digit so they can grown thousand folds but that's not the case as it's a common mistake made by newbies as they just look at the market price instead of looking total supply of Bitcoin and Altcoin, they need to consider total supply of Alt
Please share your opinions on common mistake newbie makes when market trends upward.
I see your point OP, newbies will see bitcoin as being expensive compared to altcoins, the same amount that can buy 1 bitcoin, will buy many altcoins. Meaning that they're looking at volume instead of value, in the end bitcoin that has value will outlive the altcoins. My understanding is that anywhere that there is quick cash, you'll realize that it comes with greater risks, so bitcoin investment, requires the investor to accumulate and hold for a long term term, and when perfect opportunity comes, like during bull run, the investor sales and makes huge profit. I'd be careful if I want to choose an altcoin for investment, despite any attractive offer, I can only choose a top altcoin like Ethereum, to put my money in. I think by price value then you would mean that the newbie would be thinking of buying 1bitcoin because I believe they are lower price of Bitcoin that you as a newbie can buy although the profits you would get would be different when you buy an altcoin that is actually pumping because they are more probability of acquiring more from these type of investment but the fact is that it's very risky as they can drop their value any time from when you actually purchase them so thinking of using them as trading would be better and a short term trade in that matter.
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Makus
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November 14, 2023, 05:20:34 PM |
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I think by price value then you would mean that the newbie would be thinking of buying 1bitcoin because I believe they are lower price of Bitcoin that you as a newbie can buy although the profits you would get would be different when you buy an altcoin that is actually pumping because they are more probability of acquiring more from these type of investment but the fact is that it's very risky as they can drop their value any time from when you actually purchase them so thinking of using them as trading would be better and a short term trade in that matter.
Absolutely correct, many altcoins seem so tempting to invest in but the fact still remains that they are risky and might end up crashing one day, so to be on the safer side I just mind my business by investing only on Bitcoin. I see altcoins as coins for trading alone not for long term investment, the only coin I can recommend for long term is Bitcoin and aside it nothing else. Because it seem the price of most altcoins are tied to that of Bitcoin, so why then should I try to invest on altcoins when most of their price movement is influenced by Bitcoin itself.
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justdimin
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November 15, 2023, 08:38:30 AM |
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People do not realize what marketcap means, they are having that trouble. Investing into something just because the price is small could be one of the worst type of ideas. I have seen this recently, during last bull run, I have seen people who saw shiba token was low in price, and they were keep saying things like "if only the price reaches 10 cents, we are rich", but the reality was that it wouldn't, well it couldn't, that would make it bigger than entire crypto marketcap total.
Not realizing what that means and investing accordingly is a big mistake and should not be what people are doing, we need to arrange something that would make it a lot more harder for people to make it work on the long run, so invest carefully.
If they don't know what it means, then they will likely disregard it. Those who are having a trouble with it will do a research to make them understand it more. Low price coins are usually called as low-cap coins. They are said to pump quicker and higher. No wonder why many people (mostly newbies) are interested on them. It is still very risky though, which is why you can say it's a worse idea for one to invest. Some times people are just day-dreaming. I think there is nothing wrong with that. I'm sure you also tried it? There is still a chance that they can snap back into reality. In crypto, some things are possible. No one thought BTC will reach this far and high. Another example is the growth of Dogecoin. This is one of the reason why some people are too optimistic about the coins that they HODL.
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AnonBitCoiner
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November 15, 2023, 02:36:03 PM |
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Absolutely correct, many altcoins seem so tempting to invest in but the fact still remains that they are risky and might end up crashing one day, so to be on the safer side I just mind my business by investing only on Bitcoin. I see altcoins as coins for trading alone not for long term investment, the only coin I can recommend for long term is Bitcoin and aside it nothing else. Because it seem the price of most altcoins are tied to that of Bitcoin, so why then should I try to invest on altcoins when most of their price movement is influenced by Bitcoin itself. Not all altcoins become crashed because there are lots of altcoins which when hold for longer time increase in price over the time. BNB and Ethereum are a good altcoins that when hold for longer term then will surely offer a maximum return during appropriate timing. Bitcoin is the first option of all crypto users and whenever someone asked about priority then people will give preference to bitcoin more than altcoins. People are often trading with altcoins and its also beneficial to use profit from altcoins into investment in different coins at the same time because at the time of halving bitcoin as well as other related coins will surely be updated in price and the price this time will be more than ever.
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Freddie Boyer
Member
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Crypto WEB3 Neobank
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November 15, 2023, 03:17:11 PM |
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Please share your opinions on common mistake newbie makes when market trends upward.
Of course BTC is my priority first. but Altcoins are fine too, but I like Altcoins that have a history and resistance to shocks if there is a sudden correction that doesn't immediately go down and takes a long time to get back up. Because it's all about time and capital turnover. Hi, I'll check the total supply and daily transactions. If it's high, I'll choose if it's slow, wait and see first.
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kentrolla (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 15, 2023, 03:25:37 PM |
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Please share your opinions on common mistake newbie makes when market trends upward.
Most of these mistakes have been enumerated by members above me. I read through and some of them made me nostalgic. There's that innocence that comes with ignorance and old timers like us passed through them. Now that I look back, I can only suppress a chuckle at such level of ignorance I had. The top on the list was me thinking and assuming that those tokens (didn't even know the difference then between tokens and coins) in cents and hundred miles away from cents in zeroes would rise like Bitcoin or at least get to ETH or its classics 😂. Anyway, most of them performed well and gave nice ROI but they soon died off as soon as the bull season was over. I held many, hoping they would max out and turn my little $10 to $1000. The ambition was that crazy. I hedl and couldn't sell when price started dipping. I know many will fall into that same trap once the real rally kicks in. Absolutely true, I think this bull run it won't be any different because we might see lot of shitcoins pumping up and people who ar aware of this will end up investing in it and tempted to earn more profits but end up with just tokens which are worthless and this mistake will be made by seasoned users as well due to greed.Lol I still remember hodling some tokens which I don't even remember which made me millionaire during December 2017 but the greed of earning more millions left me with tokens worth few dollars. but no harm in taking calculated risk with a predefined plan for profit margin. Just hope people don't fall for it this time like they did in 2018.
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speeder
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November 15, 2023, 03:34:03 PM |
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When it comes to investing in alt coins you must know the investment strategy. It is definitely possible to profit from investing in alt coins but not all alt coins can be profitable. For newbies, investing in some alt coins carries a lot of risk. To avoid risk in investing in new coins you need to choose the right few. But I think if you are new to alt coin investing. Then you are a small amount investment and short term investment is better for you than long term investment
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Silberman
Legendary
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November 16, 2023, 10:25:06 PM |
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Absolutely correct, many altcoins seem so tempting to invest in but the fact still remains that they are risky and might end up crashing one day, so to be on the safer side I just mind my business by investing only on Bitcoin. I see altcoins as coins for trading alone not for long term investment, the only coin I can recommend for long term is Bitcoin and aside it nothing else. Because it seem the price of most altcoins are tied to that of Bitcoin, so why then should I try to invest on altcoins when most of their price movement is influenced by Bitcoin itself.
And even then there are many altcoins that should not be traded at all, and those are the coins that have a volume that is too low, and if anyone decided to ignore that warning and trade them anyway then a whale or a pump and dump group could easily manipulate the price of the coin and make you lose a lot of money in an instant, so if anyone is interested in trading altcoins they can do so, but they need to stick with the coins that are not subject to such blatant manipulation.
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JeffBrad12
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November 16, 2023, 11:37:50 PM |
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Absolutely correct, many altcoins seem so tempting to invest in but the fact still remains that they are risky and might end up crashing one day, so to be on the safer side I just mind my business by investing only on Bitcoin. I see altcoins as coins for trading alone not for long term investment, the only coin I can recommend for long term is Bitcoin and aside it nothing else. Because it seem the price of most altcoins are tied to that of Bitcoin, so why then should I try to invest on altcoins when most of their price movement is influenced by Bitcoin itself.
And even then there are many altcoins that should not be traded at all, and those are the coins that have a volume that is too low, and if anyone decided to ignore that warning and trade them anyway then a whale or a pump and dump group could easily manipulate the price of the coin and make you lose a lot of money in an instant, so if anyone is interested in trading altcoins they can do so, but they need to stick with the coins that are not subject to such blatant manipulation. agreed, investing in coin with low liquidity, simply means we are donating money in these coin, the dev of the coin gonna dumps, some random holder also gonna dumps, there'll be no way for us to dump our coin afterwards, so we are basically donating our own money away for some random people, stick with coin with real use case, stick with coin that could make their way up to top 200, then its far better. recent pumps has shown that the coin that increase massively these days are the one with real use case and fundamental, they are reaching more than 100% gain meanwhile some random shitcoin will just be at their all time low forever, thats why its really important invest for value, investing for the real use case that cause the real demand to the products.
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o48o
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November 17, 2023, 12:10:16 AM |
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I would just like to make everyone cautious about the current situation as it's a period which can make or break you based on your investment strategy. It's all about Altcoin investment and most of the newbie try their luck by investing into Altcoin whenever there are rumours of bull Run and the reason they prefer Altcoin over bitcoin is that they think Bitcoin is already priced higher and it would not get pumped multiple fold any further and they think Altcoin is price priced at single digit or double digit so they can grown thousand folds but that's not the case as it's a common mistake made by newbies as they just look at the market price instead of looking total supply of Bitcoin and Altcoin, they need to consider total supply of Altcoin and calculate it with the price they expect it to reach and think if it's even possible. I would suggest sticking to top Altcoin and Bitcoin.
Please share your opinions on common mistake newbie makes when market trends upward.
Like people have pointed out. Amount of digits of single coin doesn't matter at all. But imho they are right in a sense that investing to bitcoin might not bring you 1000x profits, or even 10x profits unless inflation eats everything and bitcoin rises in fiat money value. But that's doesn't happen in short term. Because if there would be hyperinflation event it would not only destroy markets as we know it, it would most likely wipe the cryptocurrencies as well, as people would start to invest in something worth value to everyone. But altcoins in short term still can make you rich if you choose right one in right time, while it still has low marketcap. Or you invest to something that starts burning a lot of coins at some point.
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Kelward
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November 17, 2023, 10:59:09 AM |
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The problem is that this is a mistake made by new investors at the end of the Bitcoin bullrun, and they rarely read before making a purchase. I saw the peak of this in 2018, when 10 new threads appeared every day asking "what coin to buy for less than $1". And crypto portals, instead of teaching, provided what the reader was looking for, recommending shitcoins as long as they had a low price per piece. My thread about this written in 2018. difference between 1$ coin and 1000$ coinThis is the same reason that I'm still sticking to only bitcoin investment, because from what was being said about altcoins, makes me to be skeptical about putting my money in them. Although I know that there are worthy and time tested top altcoins like Ethereum, but I'm yet to leave the apron of bitcoin yet. I know that naturally newbies will want to a coin that a small amount can purchase, compered to bitcoin higher price, they feel altcoins will give a higher profit in a short term. But we know that the end justifies the means, because bitcoin will always stand firm in the crypto market, while most of these altcoins will fade away. I'm lucky that I heeded to this advice, because for now it's only bitcoin for me, surely in the nearest future, when I'm more well off, I'll venture into altcoins, but I'll not go for new coins. I'll invest in old renowned and trusted altcoins, that have lasted in the crypto market.
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AakZaki
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November 17, 2023, 02:46:57 PM |
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This is the same reason that I'm still sticking to only bitcoin investment, because from what was being said about altcoins, makes me to be skeptical about putting my money in them. Although I know that there are worthy and time tested top altcoins like Ethereum, but I'm yet to leave the apron of bitcoin yet.
~snip~
Will you only stay in Bitcoin and not diversify your assets in other top altcoins. If you are skeptical it should be based on your research, not just your fears. Many altcoin investments provide success depending on what altcoin you hold. I'm not against bitcoin, but diversification is necessary to support other benefits and not just bitcoin.
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jrrsparkles
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November 17, 2023, 03:34:29 PM |
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they just look at the market price instead of looking total supply of Bitcoin and Altcoin, they need to consider total supply of Altcoin and calculate it with the price they expect it to reach and think if it's even possible. I would suggest sticking to top Altcoin and Bitcoin.
Please share your opinions on common mistake newbie makes when market trends upward.
Total supply is also matters but where they deceived to invest with the 24-hour trading volume and it's possible to create fake liquidity for any token especially if it's got less market cap value by whales or even by the exchanges themselves for bumping and dumping of particular tokens. Newbies blatantly invest in projects just based on 24-hour top gainer/ 1 1-week top gainer and so on without researching further about the projects.
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AbuBhakar
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November 17, 2023, 04:02:11 PM |
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Please share your opinions on common mistake newbie makes when market trends upward.
Just invest on huge caps altcoins like Ethereum, ADA, XRP and so on that is listed on top 10 then you are safe on crazy swing of Altcoins since huge has a very low chance to wreck the price out of nowhere without Bitcoin dumping. Avoid buying altcoins that is low marketcap and trading volume since this kind of coin can erase all your capital in just a short period of time. Yes, profitability is high but the risk of losing all your assets too is also high so it’s not really worth it. Much better to secure gains by investing on high confidence assets since it will pump later on following Bitcoin.
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Romeotom
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November 17, 2023, 04:10:31 PM |
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Crypto floating market at this time you need to do a lot of research to make a best investment. Because at this time most of the new project is memecoin which is more risky. Moreover, the best tokens are appearing in the red market at this time so they will be the best investment. On the other hand there is more criticism about bull market but timing should be followed because bull market will present suddenly and then your time to buy will be exceeded.
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Belarge
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November 17, 2023, 09:25:02 PM |
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Crypto floating market at this time you need to do a lot of research to make a best investment. Because at this time most of the new project is memecoin which is more risky. Moreover, the best tokens are appearing in the red market at this time so they will be the best investment. On the other hand there is more criticism about bull market but timing should be followed because bull market will present suddenly and then your time to buy will be exceeded.
We have both crazy and good moments in the system. Because time is money, we must make the best use of it.We followed what we know to be correct rather than random ventures about which we are uncertain. We all have various perspectives on the market. Most traders can trigger appropriate entries in the bear season but are unable to trigger any solid trades in the bull season, and vice versa. Cryptocurrency is potentially dangerous as customary, so we take our time to execute precisely and listen to projects at hand and if we're taking a project, it shouldn't be of any activity than giving attempts.
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