How will you advice a newbie about this in 2024?

[Dzwaafu11]

Me as a bitcoin lover and who has been in space for years now won't advise a newbie to go into investment on a newly birth coin, why because they may not know much about that project and could got scammed at the end. The best thing to do is when investing in newly birth coin only invest the amount that wouldn't affect them even though they turns out to be scam, and also whitepapers nowadays has been so common to plagiarised since most project looks alike and we can't just do anything to them because every projects has their mission even though the whitepaper seems to be copied is then left in your hands to know if you would invest or not. As for me when I found out a project is being plagiarized or whatever then I won't moved to have my money sink into that projects because likely folding is inevitable, and newbie should focus investing into bitcoin or some established altcoin.

Yeah, many projects have been coming, and many newbies' investors are getting to it without even doing much research or asking questions about which one they will invest in because many projects look similar and even promising, so people easily put their money in them with a small conviction that they don't want to do their own research again, no matter what, which is why they mostly get scammed at the end. However, I also support a motion to not advise any newbies to which project they will invest in since I don't really focus on them since they appear to be the same thing and it is so hard to know the real one. I can only tell someone to go and do their own research, and lastly, since I cannot invest in it, I will not tell another person to do that. 

I am willing to ask the audience though, so here it is, is a copied white paper still a red flag for projects? If a newbie, asks you this question what will be your answer to them?

It is obviously a red flag because plagiarism is still plagiarism anywhere, and it has its own consequences that come with it. So if a project is good, it is better if they have their own white paper because copying another white paper seems like they are not real; they only come to scam. So if any newbie asks, you tell them it is a red flag, and you also know it is a red flag because you are not new in the crypto space, so I'm surprised to see this question coming from you.

[Franctoshi]

The problem that most newbies face is that they are quick to earn money in the crypto space, and yes this is why we are here but not to start your journey with shitcoins in my opinion, it is better to start with known projects that already exist which has use case and profit potential than looking for shitcoins where most of them end up getting screwed and some would still come back here crying how they lost their money when they've failed to do the right thing, investing in altcoins or shitcoins isn't totally bad in as much as you are able to catch the right one that will give you the desired profit ,but should be when you must have gotten a good knowledge about how the crypto space works.

[stadus]

Actually as a newbie is very good to make research before making any investment you don't have to wait for other people to decide for you on the coin you're going to invest in because the information you get from people can be very misleading sometimes that is why is very good to conduct our own research before consulting anyone. However as a newbie you shouldn't be carried away by what people are saying about a particular coin always do your own research.

 
That's the main reason why some of the newbies fall victim to losing when they try to invest in some of the coins. Some people refuse to do their own research to know the actual coins that are good for them to buy, which is also a good ideal to be with those who have already invested a while to follow their decisions. Because they are the ones that know much about some coins. 
 
As a newbie, even if you do your own research and don't ask people who are experts about investing, you can never comprehend how market strategies operate well. That's why if a person does research on his own and still follows other people's decisions, what you're going to lose on your investment will be limited.

Research still cannot guarantee that you will not fall on wrong coins or won’t get scam in the process. The fact that you are here to invest, that also means that you are prone to losses and scams most especially if you invest without knowing your investment well. That’s why investment carries risks, but as long as you prefer to take calculated risk, even if you lose, the effect won’t be too much painful. Just be mindful of the kind of the investment you have, and always invest at your own risk to avoid regretting in the end.

[Stable090]

I am willing to ask the audience though, so here it is,  is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

Why do you copy other projects white paper? It’s a red flag for me. Why do you have to work with other project ideas? If you can’t take your time to write a white paper, then you have nothing to offer, it means you don’t even know what you are doing, all you are after is just for people to invest, and after investing, I am sure with time, they will scam investors.
 
Never invest in either a new project or a strong project that copies a white paper. Things might be going well now, but don’t be surprised that later in the future things might not really go well for the project because the team doesn’t really have anything to offer. That’s why they copied other projects white papers.

[GiftedMAN]

Actually as a newbie is very good to make research before making any investment you don't have to wait for other people to decide for you on the coin you're going to invest in because the information you get from people can be very misleading sometimes that is why is very good to conduct our own research before consulting anyone. However as a newbie you shouldn't be carried away by what people are saying about a particular coin always do your own research.

Making research can help you to get information about a particular project no doubt but at times the research does not give you the actual outcome of a project especially if it is new, it is the responsibility of a beginner to stick to an existing project IMHO that's for anyone who is willing to reduce the risk in investment otherwise I think old and new investors face the same level of risk in crypto investment but the old investors are more mature in decision making since they have witnessed a lot of profits and losses as a result of their choice of investments.

Do not forget that the experience from others also help a newbie to learn so it is not right for a beginner to do depend solely on the outcome of his or her research to make final conclusions before investment, seek the advice of other people who has been there before you, ask questions and learn form their mistakes so you will get a clearer picture of what you want to invest into but personally, am not a lover of new projects I keep trying in the second phase of every project.

[Hyphen(-)]

The year is 2024 and we still have many newbies flooding into crypto space as we speak, they have one goal in mind, to make money from crypto projects, we all can't change their minds to go for Bitcoin only, at least until they get better with doing their own research.

Coming from someone who is also into other projects different from Bitcoin, I have seen a lot of things unfold in this space.

The main thing these newbies put in mind is quick money and most of them are now coming through mining since the time not coin got listed.

In my place, so many people that don’t know anything about crypto and even Bitcoin are coming to the crypto space all because of Notcoin that just get listed a while; they have seen how so many people made money from the project and they are just flooding into crypto space with no knowledge, I am just scared for them because of how scammers are in telegram because most of them are coming through Telegram.

For example, copied white paper is no longer a big red flag like before, I said this because even big projects do this today, and change some things in a whitepaper or let me use the word "finetune" to their own tastes.

I am willing to ask the audience though, so here it is,  is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

The main problem is that, even if you will keep advising the newbies to stay away from these projects due to the red flags you mentioned, they will be tempted with the hype from the community and will like to make money just as others are making money in shitcoins and new projects.

[Essential10]

The value of Bitcoin has increased so many people want to join it. Only a proper research should be added here if even a little time is needed. As a new investor only I am agreeing you to not invest in any new projects. New projects seem good in all aspects but most of the time they are scams. Currently, there are groups working on new projects who are attracting new investors and extorting money from them. Just far away this time for new coin, For beginners I would suggest to go ahead with Bitcoin only and later on if needed you can slowly follow alt coins as per your decision.

[Cityhunter34]

Actually as a newbie is very good to make research before making any investment you don't have to wait for other people to decide for you on the coin you're going to invest in because the information you get from people can be very misleading sometimes that is why is very good to conduct our own research before consulting anyone. However as a newbie you shouldn't be carried away by what people are saying about a particular coin always do your own research.

Absolutely right, as a newbie is very necessary to always do some research before you thinking of investment because without you going through a dip research will lead you in to victims, that is why as a newbie it is always good to pay attention on the forum and also ask questions on anything that you are not familiar with to avoid being scam, because scammer always have this feeling that newbie are very easy for them to confused.

[cryptoaddictchie]

I am willing to ask the audience though, so here it is,  is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

Well if the copied is somehow word for word or doesnt have effort to change some format then its bad. Its likely that they are rushing their project if thats the case. A good project giving ample time to write info or details that will caters the readers with knowledge about their project.

Some will definitely rely on other resources or first projects but its fine as long as they put references anf citation on their whitepaper about that.

[Rockstarguy]

Because this days, roughly all projects have same utilities, and also white papers, the only real difference I can see is the team members, and the money they are able to raise, is it a good advice to tell a newbie to count more on the team past experinece? Because saying this means that the team will atleast know how to do marketing and pump their token on their first bull market experience.

The advice I'll give to beginners that are new to bitcoin is that they shouldn't rush to invest in crypto just to make money because most beginners just feel all cryptocurrencies are the same and they can just pick anyone to invest. Most of the project that we having these days are scam projects just disguising to be one of the good project. For beginners to understand what cryptocurrencies is all about and to know which investment will be better to go into.

Beginners have always been a victim of investing of investing in these scan projects because most of them have no idea of what they are into, taking time to make good research will real help to understand that bitcoin is what should be considered as a good choice of investment in cryptocurrency than going for altcoins end up scamming investors.

[Sandra_hakeem]

at least until they get better with doing their own research.

...Or maybe until y'all become a victim of another crypto rugpull ? Idgaf though, but whatever happens, bear the consequences without remorse. This reminds me of several unnecessary screenshots and POP sent and downloaded via my business WhatsApp about several memecoins, telegram perform-task-to-earn games that awaits being enlisted alongside the DEX - Are y'all serious?

I am willing to ask the audience though, so here it is,  is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

every project has a different purpose, interest, coin and concentration thus , the white papers can't be plagiarized. No investor in their right senses would dish funds into a projects that have limited information on their TOS.
Edit:It's left for you to check out and follow their prerequisites lest you fall for a scammer that's just tryna play to earn

[LogitechMouse]

For example, copied white paper is no longer a big red flag like before, I said this because even big projects do this today, and change some things in a whitepaper or let me use the word "finetune" to their own tastes.

I am willing to ask the audience though, so here it is,  is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

Copying other project's whitepapers surely is unethical, but is it still a thing in 2024?
I mean, I don't know because it's been a long time since I read a whitepaper, and I'm not investing in new projects anymore that's why I have no reason to spend minutes just to read a whitepaper that might end up as a scam anyway.

Copying other project's whitepaper surely is unethical, but that doesn't change the fact that even those projects who aren't copying other whitepapers will end up as a success. TBH, I don't know what I will say to a newbie when it comes to whitepapers because like I said, I'm not reading it anymore. I guess I'll just say "Whitepapers aren't the only one that you can use to determine whether a project is a success or not. Research furthermore." I guess that's a good advice already, right?

[Bushdark]

The cryptocurrency market is increasing daily and people are now seeing need to put their money into cryptocurrency.
I think with time people would see good reason why they ended to put their into cryptocurrency when they might been seeing lots of reviews about the market. The world is changing and we keep seeing newbies joining the cryptocurrency space which is a good new buy they would have to be careful about their portfolio and what they are buying with the plan to hold for months.

[AVE5]

Me as a bitcoin lover and who has been in space for years now won't advise a newbie to go into investment on a newly birth coin, why because they may not know much about that project and could got scammed at the end. The best thing to do is when investing in newly birth coin only invest the amount that wouldn't affect them even though they turns out to be scam, and also whitepapers nowadays has been so common to plagiarised since most project looks alike and we can't just do anything to them because every projects has their mission even though the whitepaper seems to be copied is then left in your hands to know if you would invest or not. As for me when I found out a project is being plagiarized or whatever then I won't moved to have my money sink into that projects because likely folding is inevitable and newbie should focused investing into bitcoin or some established altcoin.

While it has always been said they beginners should always be endivoired to make their research as they contemplates on what coin to invest on, basically it's still of the one goal of all investors that they're chasing which is having their funds invested not just on the projects that'd offer them profits but also as projects that stands to be reputable as they background of the project maybe stated.
So while it's being difficult for newbies to swing along the trial in allocation other viable projects plagiarizing the whitepaper, it's better advisable for the newbies to kickstart with bitcoin as the reputable first class crypto currency while they grows ahead in time to figure other alternative trusted projects.

[Kristiyana]

The problem that most newbies face is that they are quick to earn money in the crypto space, and yes this is why we are here but not to start your journey with shitcoins in my opinion, it is better to start with known projects that already exist which has use case and profit potential than looking for shitcoins where most of them end up getting screwed and some would still come back here crying how they lost their money when they've failed to do the right thing, investing in altcoins or shitcoins isn't totally bad in as much as you are able to catch the right one that will give you the desired profit ,but should be when you must have gotten a good knowledge about how the crypto space works.

Of course Investment in altcoins and shitcoins isn't that bad but making the right selection is where the problem is, because in the process of looking for the right one that can give them their desired profit, probably most of them always end up choosing the wrong one. that can not give any profit, this is why is very good to understand how crypto investment works before looking out to invest. However as a newbie I will advice you just stick to bitcoin investment because the risk in bitcoin investment is very low compared to the risk in altcoin and as well shitcoins

[Cryptomultiplier]

The cryptocurrency market is increasing daily and people are now seeing need to put their money into cryptocurrency.
I think with time people would see good reason why they ended to put their into cryptocurrency when they might been seeing lots of reviews about the market. The world is changing and we keep seeing newbies joining the cryptocurrency space which is a good new buy they would have to be careful about their portfolio and what they are buying with the plan to hold for months.

The success of Bitcoin has led to so many other altcoins rising up and even though they try to copy the white paper of many of the successful coins that are still of value today besides Bitcoin, it a sure thing that cryptocurrency is here to stay and a future currency of value that even with a HODLing investment or spot ETF investment in any rising cryptocurrency, one is sure to get a very reasonable return after a while, but for most, the long term holders actually benefit more that short term holders.

In 2024, it is okay to diversify ones portfolio for trading and making of quick profit, but for long term holdings and investment, it is still advisable to stick to Bitcoin investment and presumably the others which rank 2nd and third on the list of the most successful crypto currencies because incase of government acceptance and rejection, one isn't left stranded even with the current cases of inflation as recorded in many countries.

[Churchillvv]

I am willing to ask the audience though, so here it is,  is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

Personally I'm not really interested in this new projects, after knowing that most are just a pump and dump project that rocks the bull season, i have reduced the rate at which I give attention to them.

Copied, white papers should even make someone leave this new projects generally after encountering more than one same copied white paper, even the big projects as you said earlier are no longer big projects in my eyes because they all follow the same ways.

Because this days, roughly all projects have same utilities, and also white papers, the only real difference I can see is the team members, and the money they are able to raise, is it a good advice to tell a newbie to count more on the team past experinece? Because saying this means that the team will atleast know how to do marketing and pump their token on their first bull market experience.

Are team members really a good differences? I don't think so because what will be will be, no matter what team handles the project it will still end up being a scam. one thing is certain most altcoins or new projects are scams, shitcoins they don't really have any good use because almost all the utilities they might want to offer has been offered by already existing projects.

[Jegileman]

For example, copied white paper is no longer a big red flag like before, I said this because even big projects do this today, and change some things in a whitepaper or let me use the word "finetune" to their own tastes.

I am willing to ask the audience though, so here it is,  is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

If a white paper to a project is copied/plagiarised, I see it as a big red flag to that project. It is okay to see projects having the same end goals to their project, but the pattern or the process of getting it done always differs. Even when three projects have the same goal, I still think they can always have different white paper. The way I will put my approach down will be different from the way the second person will put is approach down even if we are for the same end project goals to be met. It’s just a big red flag to me and will always be for projects to have the same white paper for their projects.

[Awaklara]

For example, copied white paper is no longer a big red flag like before, I said this because even big projects do this today, and change some things in a whitepaper or let me use the word "finetune" to their own tastes.

I am willing to ask the audience though, so here it is,  is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

If a white paper to a project is copied/plagiarised, I see it as a big red flag to that project. It is okay to see projects having the same end goals to their project, but the pattern or the process of getting it done always differs. Even when three projects have the same goal, I still think they can always have different white paper. The way I will put my approach down will be different from the way the second person will put is approach down even if we are for the same end project goals to be met. It’s just a big red flag to me and will always be for projects to have the same white paper for their projects.

In the past, when the popularity of ICO projects increased greatly, those who would put their money into a new project would check the white paper seriously. the existence of white paper plagiarism indicates that there is an element where the project will deceive investors. and it should be strictly avoided.

new people in the industry are thinking more about making money from crypto. anything that increases in popularity in the market will get the attention it deserves. Now everyone must better understand the risks and intentions of the project.

[aylabadia05]

The year is 2024 and we still have many newbies flooding into crypto space as we speak, they have one goal in mind, to make money from crypto projects, we all can't change their minds to go for Bitcoin only, at least until they get better with doing their own research.

Coming from someone who is also into other projects different from Bitcoin, I have seen a lot of things unfold in this space.

If their motivation for coming into the crypto space is to join a project to make money, I think they will do anything even if it means wasting their time.
For example those who promote bounty projects on social media campaigns with no limit on how much one user is allowed.
But if they are willing to do their own research after reading our posts that we do continuously every day, I think it can help them to do what they are supposed to do.