A mistake you would surely regret

[Troytech]

OP, seeing is believing, how many people have you seen that told you that they lost a lot of money to scam projects? I've never been scammed in this bull market, and I have invested 40% of my money in altcoins and 60% in Bitcoin, so far I have already made life-changing money and it's not even alt season yet.

Bitcoin is the safest and this doesn't mean that there are not good altcoins that can bring life-changing gains for you, I can name a few altcoins that have made my alt portfolio look very fat, better than Bitcoin in terms of ROI, like Gswift, Nakamoto games, Portal coin, Kaspa, Delysium and so on, you have no idea what you are saying, there are indeed many scam altcoins but there are also many that have the potential to bring you huge gains.

I never said all altcoins are bad, and it just as tho you read the first line of the topic and decided to say what you felt like, you woudl be a big lier to claim that noone has ever been scammed before through one altcoin project or the other or haven't you been on X or Reddit platforms.

If you really read through the topic you would clearly see I adviced newbies to invest in only few altcoins rather than investing I every project that comes their way, and moreover it would reduce their chance of falling for scam since they have limited slot and would want to do more research to fill them in. Not all newbies can identify good altcoin project and even many if us that have been here long enough would still have issues finding those with good potential cause some projects with all the hype and visible attributes would end up not doing well even if they had no intention to scam anyone and an other looking shady with no real life utility or usage like a meme coin would just do much better, since uncertainty is a constant its better to have limited slots to invest in that to invest aggressively in all or every project that comes your way.

[Hyphen(-)]

Crypto is now for everyone since the market is bullish, everyone will become a crypto investor because almost all coins are going up as bitcoin price is moving up. The prediction of Bitcoin price to hit $100k might happen since it is already surpass its All Time High before halving.

FOMO is happening everywhere now, no one will want to miss out that’s why some are investing in the wrong project.

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.

Always remember to invest the amount of money you can afford to lose. Don’t take loan to invest in crypto because of the nature of the market, do not rely on any coin to do 10x and borrow money to invest in the coin.

[Dunamisx]

Newbies are mostly found in this category, on how they easily got enticed by what they sees, they never knew that there could be deception in cryptocurrencies, the marketers and influencers are also doing their own job to propagate the traffic needed and announce the project to the world, we are the ones that should be able to decern from what to go for and not to accept from all we are seeing on the internet.

[Finestream]

Newbies are mostly found in this category, on how they easily got enticed by what they sees, they never knew that there could be deception in cryptocurrencies, the marketers and influencers are also doing their own job to propagate the traffic needed and announce the project to the world, we are the ones that should be able to decern from what to go for and not to accept from all we are seeing on the internet.

Newbies can be easily deceived and eventually get scammed in this bullish season where everyone get crazy investing and while scammers are also doing their thing. That is why one should not jump into investing just because majority are investing. It’s still better to study the market first and make extensive research on the coins you are planning to invest.

Long term preparation is still a must. And once you are confident enough to invest and take the risk, then invest on your own risk. But always chose to invest for long term. Bitcoin itself is not inclined to give us quick and immediate profits, but it’s always a long term investment where patience and faith are highly tested first.

[Troytech]

Crypto is now for everyone since the market is bullish, everyone will become a crypto investor because almost all coins are going up as bitcoin price is moving up. The prediction of Bitcoin price to hit $100k might happen since it is already surpass its All Time High before halving.

FOMO is happening everywhere now, no one will want to miss out that’s why some are investing in the wrong project.

Many people are attracted to the bull thinking its the best time to approach the market, it's mostly green and price are on the rise, and that is a wrong mentality cause its more difficult now to differentiate good projects from bad in the alt market. Many scam project are using this opportunity to dexive newbies with promises of huge returns.

Newbies are mostly found in this category, on how they easily got enticed by what they sees, they never knew that there could be deception in cryptocurrencies, the marketers and influencers are also doing their own job to propagate the traffic needed and announce the project to the world, we are the ones that should be able to decern from what to go for and not to accept from all we are seeing on the internet.

As a newbie this are basic lessons that must be learnt, on how to avoid scam and security based lessons.

Newbies are so moved by gains that they feel crypto is the way to get such outrageous profits from little investment and this is the mentality that is getting them scammed.

Like I said it's better to invest in only 5 projects than aggressive investment in too many projects or if possible invest only in bitcoin cause its has lesser risk of crashing and would give returns if you hold for long.

[Maslate]

You can't stop them and they're more aggressive this bull run. I have no idea who has put in the minds of mostly beginners about having x100-x1000 with their investments. They truly are prone to scams with that mindset whilst the ones that are into safe investing by having their money in Bitcoin doesn't have to think about such. A lot sure will get into new projects thinking that they're early on those but, they should be wary about the rug pulls aren't gone and those developers that have been doing that will just repeat the process trying to lure these poor investors that have no idea of what they're up to.

Newbies have seen more believing and relying on crypto influencers for their decision making that’s why its not surprising anymore to see them hyping in the market, trying to turn out impossible things into reality like seeking for 100x-1000x profits in such crypto coins, but still end up losing all their funds because they rush into investing without prior research at first. Although I have no big issues with this type of newbies but if they won’t learn from their mistakes, they’ll possibly end up losing consistently because of greed and wrong information gathered.

[Churchillvv]

Most people have refused to do things for themselves, instead of thinking or practicing what they know or the good knowledge that will give profit in a long term. they would rather to to YouTube to listen to some influencers who lacks good Bitcoin knowledge (crypto at large) but will advise on some shitcoins to invest in. and most will flood this bad advise, investing what they can't afford to lose and when they get disappointed they tend to act as if Bitcoin was the cause of their failure.

It good advise to stick with Bitcoin than gamble with what you don't know, even if it's likely to give you a profit that Bitcoin would give you in 10 years, within a year. its better to be guaranteed than wager around with some shitcoins.

[Patrol69]

In the current state of the market, no investor should be at a loss if that investor is spot trading. In the case of futures trading, the matter is different because in the case of futures trading there are two types of processes, long and short. If someone takes shot trading in this market, he is sure to lose, otherwise if he takes long, he has made a lot of profit. Those who couldn't invest in this market even if they had the money will definitely regret it and they are regretting it but it's different for those who don't have the money to invest. It's been a long time since we've seen a market like this so we'll definitely regret missing out on such an opportunity. But the time is not over yet, investors can still invest if they want because there is a possibility of more positive changes in the market ahead.

[albon]

Well said, OP. You've offered many good advice. Many beginners make the mistake of placing too much trust in influencers who follow their recommendations blindly and invest impulsively and ill-considered in new projects, shitcoins, and rug-pulls currencies, which could be dishonest schemes promoted by these influencers and YouTubers, and deceive these new investors by tempting them with massive profits that they can achieve in the near future or within days after following their recommendations and instructions. In the end, these investors end up losing their entire capital. Frankly, I do not find any excuse for investors, whether a beginner or an expert, for not doing sufficient research. It's not that difficult; it just requires some time to gather enough information about a project and verify it instead of someone making hasty and reckless investment decisions that ultimately lead to regret. Instead of new projects, many established and prominent currencies can be invested, and anyone can make good profits from them, and on top of these currencies is Bitcoin. Still, they need to be patient and get rid of their greed because whoever is looking to achieve 50X to 100X without any experience, research, or rational investment decisions and without managing his capital will likely achieve nothing but significant losses.

[crwth]

Once you see projects that have promises to have a return, that’s already a red flag. You should be careful with investing with projects like that. I believe you should invest in something that you have thoroughly researched and see that it has potential.

If you want to have a sure shot, just buy bitcoin.

[Barikui1]

Yes it's another bull run and everyone that invested in a scam project or lost money in the last bull run are already filled with FOMO and shouting to the moon for new projects they have no knowledge about, many Influencers are out again promoting new projects and promising huge returns and you can see a lot of persons in the Comment section following and wants to invest.

Don't let the green you see everywhere confuse you to forget the basis of investment, do your own research and don't follow the crowd that has no knowledge in what they are doing, don't let greed push you into looking for outrageous profits like 100x on new projects and you end up losing your money to scammers.

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.

If you experienced the last bull and fell into the hands of one of this shit coin that frustrate you, and you eventually lost your money, you don't need any advice from anyone for you to stay of any coin that is not Bitcoin, but if you still go an invest in shit or alt again after your experience, it shows that you haven't learnt anything from the past.

And for those people that are new in the crypto industry, if you have a clear insight on how things goes around here, I would suggest that if you are too stubborn, that you want to invest in anything other than Bitcoin, because to me, it's the real deal, then invest in coin like enthereum, and bnb that have already proven their self that they are not a scam project, but if you are totally new here, then I suggest you invest in Bitcoin only, to be at the safer side, but as for me, am investing only on Bitcoin because it's the real deal.

[Z390]

Let's assume that every newbies have some money they are willing to risk, how the hell can they keep up with investing in every single projects that they come across? Every friends that are also crypto investors have already run out of money, and they have few numbers of altcoins, it's rare to see a newbie that have a lot of money and be so desperate to invest in everything they see, I feel this is too overexagerrated.

Anyways, thanks for the advice, those who will listen and make amendment will do it and those who will ignore will still ignore, mistakes are some peoples true masters, they don't change until they make some mistakes and learn their lessons.
Invest in 10 altcoins and you are already out of money, I know someone who invested in 25 altcoins in 2020 and he did very well, he invested $100 in each of the coins and over half of the coins did very well in 2021, I think it will be more easier to manage less altcoins instead of high numbers of them and also it expose one to more risks, because some of them can just rugpull on you at anytime.

[LogitechMouse]

~
many Influencers are out again promoting new projects and promising huge returns and you can see a lot of persons in the Comment section following and wants to invest.

TBH, I've been watching many crypto influencers these past few months to make an experiment.

I've watched I think 5 YouTube Crypto Influencers and observed the videos and the coins that they're promoting on their project. Well, some of them are kind of shilling those top coins while some of them are kind of promoting a new project for them to be paid, and at the same time, can get some profits either through referrals or through selling the coin (if they will have some). Like what OP said, don't focus on what these influencers are saying in their video because anybody can make their video if they want to. You can watch them but don't get attracted by their explanation of that new project instead, do your research, and it would be better if you will just focus on the top coins if possible.

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.

I've heard this many times, but still, some people want to go all in hoping that they can maximize their profit when they invest in a coin. If you can't apply this "Invest what you can afford to lose" in your investing journey, I guess just buy Bitcoin.

[AVE5]

Desperacy and greed is the keen luring those Investors who investors of projects that they only cares about the speculations without undergoing researches to enquire and ensures it's a that's worth Investing on without having to regret it at last.
Op you've said it all that's better to be grateful and contented with your reliable holdings than taking the measures of enlarging your holdings and then you falls victims of the shitcoins with the funds of not being affordable to be lost but if you must take such risky then you should be aware that anything can happen so you could trade with the amount of fund possible to let go in case the journey didn't go as thought.

[Troytech]

Once you see projects that have promises to have a return, that’s already a red flag. You should be careful with investing with projects like that. I believe you should invest in something that you have thoroughly researched and see that it has potential.

If you want to have a sure shot, just buy bitcoin.

The issue with normal or average investors is that they don't want to go through the stress of doing research to get quality information about a project they would like to invest in or doesn't even know what to look out for when doing those research so they end up relying on crypto influencers who knows all the sweet things to say to spice thigns up and they woudl be in his words and invest in such and the others set of investors fall into the category of not wanting to accept responsibility the of making their own decision and would still rather follow the crowd.

[Outhue]

Yes it's another bull run and everyone that invested in a scam project or lost money in the last bull run are already filled with FOMO and shouting to the moon for new projects they have no knowledge about, many Influencers are out again promoting new projects and promising huge returns and you can see a lot of persons in the Comment section following and wants to invest.

Don't let the green you see everywhere confuse you to forget the basis of investment, do your own research and don't follow the crowd that has no knowledge in what they are doing, don't let greed push you into looking for outrageous profits like 100x on new projects and you end up losing your money to scammers.

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they would still invest in shit coins so stake what you can afford to lose.

Who would be crazy enough to invest in 100 shit coins? Even if they are nonshit coins isn't 100 way too much? This day that new project will abandon their old smart contract for a new one all of a sudden, and to be informed you need to stay active in their telegram group or their Twitter account, imagine having to keep updated with 100s of all altcoins, that's so unreal.

Apart from the numbers you called, where will be money come from? Because I do know that the minimal amount that people like investing in crypto is a hundred dollars, so assuming one now starts investing 100 in each project that's a total of $10,000 lol, beginners can't risk this high amount unless they are crazy.

I have invested over 10k since the beginning of 2022 and I am over 40k right now in value but that's because it's been a long since I got into crypto, I know where to put my money for easy gains and also to spot the right altcoins, I don't think any newbie will have 100s of altcoins in their portfolio, that's total madness.

[Mpamaegbu]

pnary
I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.

That's the nature of humans. We tend to believe that every bad experience should've a compensatory reward when revisited. Again, some will reason that they could be very fast to get in and out of the scheme. Incidentally, most of them get caught in the web.

~

It's way better to only own Bitcoin.

Well, on a long run; yes Bitcoin will be better. However, on a short term investment altcoins will out perform Bitcoin in terms of ROI. Those who know how to plot TA and carry out onchain analysis will be better equipped trading alts and benefitting maximally from it than buying Bitcoin and letting it lie idle in a wallet and then claim they're hodling it.

Once you see projects that have promises to have a return, that’s already a red flag.

I also do think so too, especially if a certain percentage or amount is mentioned as a specific reward. Businesses don't work that way with that level of assurance and certitude of profit making. It's the market that can decide  it.

[Dzwaafu11]

Yes it's another bull run and everyone that invested in a scam project or lost money in the last bull run are already filled with FOMO and shouting to the moon for new projects they have no knowledge about, many Influencers are out again promoting new projects and promising huge returns and you can see a lot of persons in the Comment section following and wants to invest.

Don't let the green you see everywhere confuse you to forget the basis of investment, do your own research and don't follow the crowd that has no knowledge in what they are doing, don't let greed push you into looking for outrageous profits like 100x on new projects and you end up losing your money to scammers.

During the bull market, many investors get confused and don't know exactly what to do in a way that will favor them in the market. However, during the bull market, scammers are very active and come up with fake projects to scam people, and at this moment, many investors think all the coins are getting pumping because they see that bitcoin has already reached ATH, which is not through. Also, at this moment, many influencers are also active in promoting scam projects because they paid for them, so we should know that those influencers did not also invest in the projects they were promoting, but rather find another legit coin to invest in.

Furthermore, greed also contributes to investor failure, including a lack of proper research and investigation before investing, which are the key things we should do before investing. So it will be good for us if we do proper research before putting our money into any project, especially during the bull market. We should keep greed aside so we can achieve something during the bull market. However, waiting for outrageous profit is not a problem as long as there is hope of the coin reaching such a target since everyone invests to take profit from their investment.

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.

Investing in shitcoins is never a good idea. Getting legit coins is what we should all do. Shitcoins may even disappear after we have invested in them.   

[Crypt0Gore]

OP, seeing is believing, how many people have you seen that told you that they lost a lot of money to scam projects? I've never been scammed in this bull market, and I have invested 40% of my money in altcoins and 60% in Bitcoin, so far I have already made life-changing money and it's not even alt season yet.

Bitcoin is the safest and this doesn't mean that there are not good altcoins that can bring life-changing gains for you, I can name a few altcoins that have made my alt portfolio look very fat, better than Bitcoin in terms of ROI, like Gswift, Nakamoto games, Portal coin, Kaspa, Delysium and so on, you have no idea what you are saying, there are indeed many scam altcoins but there are also many that have the potential to bring you huge gains.

I never said all altcoins are bad, and it just as tho you read the first line of the topic and decided to say what you felt like, you woudl be a big lier to claim that noone has ever been scammed before through one altcoin project or the other or haven't you been on X or Reddit platforms.

If you really read through the topic you would clearly see I adviced newbies to invest in only few altcoins rather than investing I every project that comes their way, and moreover it would reduce their chance of falling for scam since they have limited slot and would want to do more research to fill them in. Not all newbies can identify good altcoin project and even many if us that have been here long enough would still have issues finding those with good potential cause some projects with all the hype and visible attributes would end up not doing well even if they had no intention to scam anyone and an other looking shady with no real life utility or usage like a meme coin would just do much better, since uncertainty is a constant its better to have limited slots to invest in that to invest aggressively in all or every project that comes your way.

It's a free speech forum, we can all say what we feel like, I am not a beginner and I will still stand on my point that I've never been scammed in this bull market investing in altcoins, few people on this forum are even asking me for altcoin names that I feel would do very well, I am not trying to show off, I have only learn from my past lessons.

What you missed is that I was once a newbie too, I made many mistakes, lost money to scam projects and other, but I learn from it, this was back in 2017 and that's that, but today I don't fall into the hands of scam altcoins again, I think it's better if you can ask how instead of trying to prove me wrong when I am right.

There is actually a way and not many people reason the whole thing the way I did and that's why I always have better result when picking my altcoins, if you hear the solution you won't doubt it instantly, there is actually two ways that you can escape from scam altcoins, but at the end of the day, your entry point and selling point is all that matters.

[Zigabel]

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Investment that promises rapid returns over a short period of time using the bull run as an advantage is most times fraudulent, because an actual investment that's true do needs sometimes to grow and mature enough for harvest although there are some genuine investment too that literally goes up rapidly sometimes and the investor could be lucky to make some profit from it but then if you are trying to invest you have to be careful not to fall victim of fraudulent investors who are actually scammers. We are always advised to invest in things we know we'll enough by ourselves.

Most coins following the Bull run will definitely appreciate and investing in them by just buying and hodling will turn out more profitable than trying to invest with all these influencers online who could be influencing fraudulent projects which at the end of the day you loose rather than been profitable, I advise that you visit an exchange, look for coins that has got potentials, buy them and HODL while keeping your password safe so as to not Grant an unauthorized access to your portfolio and after a while you could sell off and make profit, a very simple yet effective and profitable way of investing in cryptocurrency.