A mistake you would surely regret

[Sim_card]

A beginner should not think of investing into 5 different cryptocurrency because he is new and have little knowledge on the market. He needs to focus on only the king of all cryptocurrency which is bitcoin, so that he does not buy the wrong c pin that will lead him to great loss, that will make him regret of investing. Bitcoin should be the only cryptocurrency that can give you profit currently which out making any research or having broad knowledge in the crypto market. It is as easy as buy from an exchange and transfer to your noncustodial wallet, and hodli, instead of buying garbage that you can wake up one morning and see the value at zero.

[1715071526]

1715071526

[1715071526]

1715071526

[1715071526]

1715071526

[1715071526]

1715071526

[1715071526]

1715071526

[KingsDen]

The cryptocurrency industry is seasonal and there are many things that accompanies each season. For instance during the bear market season, it is FUD that characterizes the season which makes is very difficult for people to invest in a particular project when the price is very low. But didn't the bull season another attribute of the market that comes to play is FOMO. At this time people will jump into new and old projects that are already climbing to the green side of the market and before they could join the market could refers back to the red lane, you will see many complaints. It is not uncommon that many projects enter the market during the bull run. This is the fake and scam projects blossom. They actually cannot stand the taste of the bear market.

[tabas]

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.

Crazy influencers as they seem to be relevant only this season but when the market is in bear, they're gone and no longer relevant and giving tips. When a newbie starts to rely on these hypes and crypto influencers that are telling them they'd make xx money investing on a shilled project, that's already where they're going to see how their money will be gone easily. Some may profit but most of them are just quick money and if they wouldn't man and wise up with how they make from those shilled projects. They'd repeat the process and the second or third time around, they'll be the ones that are going to be eaten by this whole market losing them money and will make them realize that they'd been doing it wrongly.

[Exotic5]

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.

Investment is risky. It's advisable to have a proper risk:reward plan and follow before selecting the coins/assets to research and invest in. Else, you'll be going round the circles by making such mistakes and losing to shit coins.

[coolcoinz]

One of the biggest lies people who invest in crypto are told is that they should build a portfolio of projects and not put all their eggs in one basket.

In reality by investing in bitcoin you invest in the only project that really matters. All those other shitcoins will not exist without bitcoin. Also, bitcoin crashes make the rest crash, so by investing in altcoins you only increase your risk by a certain factor. It's like playing a roulette where you used to bet on colors, but now you also add a number. Maybe it hits and you'll be rich, but maybe it won't. The problem is that a number has a much higher chance of not winning than a color.

Just buy bitcoin, bet on a fighter you know is good, not on someone you've never seen fight, who claims that he's good but is yet to prove it.

[The Cryptovator]

To me, it doesn't look good to find such quick-rich methods. Often, we want to invest in brand new projects to gain high profits, which means looking for quick-rich methods. At the end of the day, we were deceived by a brand new project. Most projects come from project farmers; hence, they scam us. It's very hard to find a potential project like Arbitrum. So I think it is better to avoid such brand new projects and focus on existing ones. After listing a project on a reputable exchange, it would be good to invest. Otherwise, it would be a waste of money. 

[Rengga Jati]

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.

As long as influencers work for money, and not for education, they won't care about what's behind it all. Of course, they will think more about what they get. Therefore, don't easily believe influencers so much, they work for money.

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.

In this case, before investing, we also have to really understand what we are going to invest in, through some good and wise research it will also be very helpful. With this understanding, we can start by managing all our risks and finances wisely. So we won't easily get FOMO, panic situations, or feel greedy about something.

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.

It's a basic and we must understand it. Everybody also has their own standard of what amount to invest. SO, look at yourself, our own ability to afford the lose, not looking and following other people.

[odunybiz]

The green we are seeing everywhere may bring confusion to ones plan on which coin to invest especially for newbies. One just need to be himself/herself keep to his/her investment plans and try to make good research before investing in any coin. There are always countless of opportunities in this space so if you miss one, that doesn't make you a loser. The next opportunity may be yours. Working with this will help you to overcome being FOMO.

[Makus]

If you go to the altcoin board right now, you'll see some threads in form of questions like, have altcoin bull started, and most of this thread are created by newbies who heard how some altcoins has given some investors a x100 profit without them knowing the basics of how a this things happen or coin that this things happen to. Its always good to conduct strick research on coin we aim to invest in before making any move for  investment and not the other way around.

[Albarq]

in the first case the infestation must understand the project we are digging
It doesn't necessarily mean jumping in must be carefully examined to make it clearer

its potential and no one wants to lose
and always looking for profit
with cryptocurrency they are sure they will change their fate for good

without taking bold steps, everyone has different levels.

[Adams0001]

A beginner should not think of investing into 5 different cryptocurrency because he is new and have little knowledge on the market. He needs to focus on only the king of all cryptocurrency which is bitcoin, so that he does not buy the wrong c pin that will lead him to great loss, that will make him regret of investing. Bitcoin should be the only cryptocurrency that can give you profit currently which out making any research or having broad knowledge in the crypto market. It is as easy as buy from an exchange and transfer to your noncustodial wallet, and hodli, instead of buying garbage that you can wake up one morning and see the value at zero.

You are correct, that is what I used to say when I introduce someone to crypto investment, the only coin I recommend they should buy is bitcoin because it is the only coin that can reduce their risk, and if they are patient, they will most likely profit from it. Even if someone is interested in investing in other coins, bitcoin should be higher than the rest so that even if they lose on another coin, they will not feel it as much because they invested more in bitcoin. Anyone is just waiting for the bull run to come, which can alter many people's lives when the bull run goes well and you are profitable. People who have experienced bull runs before know how to be lucrative this time around. It is up to you to hunt for money and invest in bitcoin before the bull run begins, You should not be saying that I should have invested and profited. I can't wait to see the bullrun because I haven't been aware of it, and all my mentors have told me to keep investing in Bitcoin and thank them later, that is why whenever I get money I use the shares and invest in Bitcoin.

[Mate2237]

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.

Nobody likes losses, so to avoid this, choose bitcoin because it is the safest coin and history has proven that even though the price of bitcoin can fall freely, it will always touch a new ATH. Maybe bitcoin cannot rise to 100x in the near future but bitcoin is proven to store value to avoid inflation and also has a high level of profitability.

So instead of being confused about which coin to choose, choose bitcoin. It's easy and doesn't require much thought

That is the truth in the investment of cryptocurrency. And everyone is investing to make profit and among all now bitcoin is the number to invest and altcoins are for the alternative. And before you start your investment there are two things you have to know. When to invest (to purchase) and when to sell. And once you know these two factors in investment then you can do perfectly. Now the time to invest is the time when bitcoin is on the bear market which the dip in the market and the time to sell is the Bull Market or the all time high.

Once you know these then you start the investment process and be hodling it for long term. Now this season prediction is $100k while the next season prediction is $200+k so in investment you done have to worry like trading.

[Viscore]

A beginner should not think of investing into 5 different cryptocurrency because he is new and have little knowledge on the market. He needs to focus on only the king of all cryptocurrency which is bitcoin, so that he does not buy the wrong c pin that will lead him to great loss, that will make him regret of investing. Bitcoin should be the only cryptocurrency that can give you profit currently which out making any research or having broad knowledge in the crypto market. It is as easy as buy from an exchange and transfer to your noncustodial wallet, and hodli, instead of buying garbage that you can wake up one morning and see the value at zero.

However, it’s still not advisable to invest in bitcoin or any other potential investments without knowing the risk it brings. One should invest with knowledge first and not just because of greed or FOMO because others have been rushing to invest. It’s still crucial to know first your investment well and how you can make it work despite of how volatile it is.

Bitcoin is a guaranteed profitable investment but if the one who invest is not a responsible and knowledgeable one, hence investing will not be worth the risk as it might still end up with inevitable losses.

[Belarge]

The green we are seeing everywhere may bring confusion to ones plan on which coin to invest especially for newbies. One just need to be himself/herself keep to his/her investment plans and try to make good research before investing in any coin. There are always countless of opportunities in this space so if you miss one, that doesn't make you a loser. The next opportunity may be yours. Working with this will help you to overcome being FOMO.

We have opportunities everyday in the market, it's our job to deliver ourselves in promising projects. We're investors and we make sure we're in good sighted positions for the purpose to geared up good entries in the market. It can only wise if we're sticking to the solutions of the system, not relenting but pressuring our efforts towards the system. We should try out best to elimates FOMO because it comes first when we're about to missed out on projects and also investing in failed projects without any sights.

[johnsaributua]

The influencer sells his reputation for a project, because he gets a direct benefit while the audience only gets a sweet visualization of starting a new project even with affordable capital and the easiest way. Gambling and judging is all natural because it's a trial by fire. New projects can be easily listed on dex and how easy it is for creators / developers to get net profits and can leave at any time to revoke their liquidity. heartbreaking.

My principle if for portfolio is better to buy in cex and withdraw it to the wallet, than interacting with dex which is classified as a new chain among them like the core coin chain on ave.ai  , don't take it too seriously guys only example .

Actually, there is nothing that is so comfortable in investing besides bitcoin and stable coins, indeed, the greater the curiosity in new projects is difficult to prevent, especially since it has been affected by fomo, entering with capital that is willing to lose its value is wiser because forcing the will sometimes the project must stop even though it has only been buying a few hours.

[Btcdeybodi]

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.

There is no way people will not fall for scam projects because some people are too desperate whenever they are offered ×100 or ×1000 of their investments because there are people that are always fond of taking unnecessary risks even when they feel it may not work the way they expected but they will just give it a trial, sometimes it is not even only newbies that fall victims to scam projects during bull run, some experience people also falls victims because they feel they are smart enough and it is not only the poor people that gets enticed, the rich also do fall victims because they feel even if they lose that it will not affect their wealth.

[Y3shot]

it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

It's way better to only own Bitcoin.

It is better to only have bitcoin than investing in scam project.  But most people feel the easiest way of making profit is to invest in new project and they forget that this new projects are not reliable and can be predicted if it will be profitable.  It is better to go for bitcoin that one can atleat be sure of. The number of coin in your portfolio is not q guarantee to make profit in your investment. It is very safe to have only bitcoin than having different investment that won't be profitable.

[Fiatless]

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.

There has been an increase in crypto investors recently and this is just because of the bull run. Many of these investors think that they can just invest in any coin and make a profit within a few days. They don't care about doing any research because they are driven by FOMO and the uncontrollable desire to get quick returns. However, they fail to know that the crypto industry is very risky so the best time to invest is when the prices of these coins a very low.

Most of these crypto influencers know nothing concerning the workings of the crypto space taking Investment advice from them is risky. In some cases, they have been paid by some scam crypto developers to promote their products to attract people. These celebrities will advertise these coins aggressively as if they are vouching for them. But they will denounce the coin immediately when people are scammed or suffer losses.

[Iroh]

It still baffles me on how “influencers” could actually influence some amongst their followers to invest their money in some new and unknown alt coin that would end up being worthless. Perhaps the influencers don’t really need to do much influencing, the unrealistic assumption on the opportunity to make some big money fast would make people willingly falls for such scammy projects.

If you’re unsure of what coin to put your money in, it’s best to go with what’s known all over and familiar(bitcoin). And like always, put what you could afford to lose.

[CryptoHeadlineNews]

However, they fail to know that the crypto industry is very risky so the best time to invest is when the prices of these coins a very low.

And the sad part is that when the price of Bitcoin is low, that's the exact moment when many will start selling their coins, or probably running away from crypto investment due to it's recent decline in price movement, as a result of their lack of knowledge about how the crypto market works, which is ought to have been the opposite.

Most of these crypto influencers know nothing concerning the workings of the crypto space taking Investment advice from them is risky. In some cases, they have been paid by some scam crypto developers to promote their products to attract people. These celebrities will advertise these coins aggressively as if they are vouching for them. But they will denounce the coin immediately when people are scammed or suffer losses.

That's exactly how the online world works, and the earlier you understand that, the better for you and your investment capital, because saying that these influencers don't know how crypto works, I think that will be a big lie, as most of these influencers promote a coin after been paid for advertising such project/coin, and most times these influencers promote these coins due to how much they are likely to earn from affiliate commissions when people invest/buys through their affiliate link.