This is for Newbie's to cryptocurrency and Bitcointalk

[Ojima-ojo]

First of all, I like to welcome everyone and wish you a Merry Christmas 🎄.


Now back to the purpose of this thread, as a newbie to Bitcointalk and cryptocurrency, you have to build yourself in terms of abilities and resilience in every aspect of the way, the two enemies of your journey are the quest to get quick profits and free money and this pushes you into gambling with your money instead accumulating Bitcoin.


Avoid these two things and you will be fine


: Quick money scheme


: High-risk investments

Just a friendly head guys.

[Amphenomenon]

Avoid these two things and you will be fine


: Quick money scheme


: High-risk investments

Just a friendly head guys.

This actually goes beyond newbies to be honest. Quick money and High-risk investments ought to be a red flag for everyone especially in the crypto space where falling for scams coin and token are really easy.
Many believe in luck and has gamble more than they can afford to lost, thereby ending in a terrible mess that may have cost them a lot to get out from.
High-risk investments and Quick money scheme are often interesting to many who are either greedy or newbie on that aspect and that's why we can see hear of people falling for ponzi scheme, cloud mining and every others. We should be wise, if it is too good to be true then it is a scam especially this Christmas period.

[Obim34]

Not just the newbies alone, it's a basic idea that every investor should have in mind.

Bitcoin is not a quick rich scheme, anyone who begins the journey needs to activate other sources of income and not depend on the profits to be generated from the investment.

No one should conclude Bitcoin as a high risk investment except when dealing with other cryptocurrencies in the market. Those who prefer trading should also consider risk tolerance when doing their activities unlike the holders who should worry less about those changes, the purpose there is to purchase and hold for the long run until when it is due for profits.

[Alpha Marine]

back to the purpose of this thread, as a newbie to Bitcointalk and cryptocurrency, you have to build yourself in terms of abilities and resilience in every aspect of the way, the two enemies of your journey are the quest to get quick profits and free money and this pushes you into gambling with your money instead accumulating Bitcoin.

And when people say "gambling with your money" doesn't only mean casino and sports betting. When you're out there putting money into every shitcoin you come across hoping that it will give you 100x profit, that's gambling. When you're investing in memecoins and hoping that one will turn you into a millionaire, that's gambling. It's gambling because you just have a feeling it will pump and most times if you look at the indicators that make you believe it will pump you'll understand that it's just gambling in a different form.

People may argue that there are people who have made millions out of memes, but I can also argue that there are people who have millions out of casino gambling and sports betting.
You can go into memes if you want, as long as you treat it like what it actually is; gambling. Set ut a certain percentage of your income for it ad dot go above the percentage or else you might wreck yourself in the pursuit of happiness.

[CryptopreneurBrainboss]

Now back to the purpose of this thread, as a newbie to Bitcointalk and cryptocurrency, you have to build yourself in terms of abilities and resilience in every aspect of the way, the two enemies of your journey are the quest to get quick profits and free money and this pushes you into gambling with your money instead accumulating Bitcoin.

Newbies have to decide if they're going to be successful or become a failure that they won't take proper advantage of the opportunity that the industry has to become wealthy. Quick money scheme aren't the best way to make money and they come in various methods but they have the same promises of making you rich with in a short duration but that isn't what investing should be all about.

Quick money are attribute of gambling and you shouldn't be gambling when you say you want to become an investors. The scams and quick money scheme aren't hidden, they're right there if we choose to see them because people just decide not to act like they see them but they're everywhere. Stay away from them will do you more good because they don't have good ending but filled with bad ending. Take it easy and keep accumulating Bitcoin and you too will get your payday.

[Ever-young]

Every form of investment is risky; you just have to do your research and know how to reduce the risk while you chase profit. Bitcoin has been proven to be one of the safest when it comes to trusting your money with it for the long term, but there is nothing bad about someone also doing their research and diverting some of their funds into other digital assets that can yield them profit.
 
The rules are: don't be too greedy; invest what you can afford; don't expect a high ROI in a short period of time; if you want to harvest with a large profit, be ready to hold your coin for decades.

[Obari]

Thanks for the advice to newbies as I think it’s already a very timely one.
Another way to put this talk is simply to say, avoid being so greedy
Over the time, I’ve got to notice that, one major thing the newbies both in the cryptocurrency industry and the bitcointalk community faces the most is greed as they all want to grab all the profits at once.

Personally, the forum and cryptocurrency at large has thought me one thing that, patience is virtue and as such, I rather do a proper calculation over a hasty decision to make abnormal profits all at once.

Not just the newbies alone, it's a basic idea that every investor should have in mind.

Bitcoin is not a quick rich scheme, anyone who begins the journey needs to activate other sources of income and not depend on the profits to be generated from the investment.

No one should conclude Bitcoin as a high risk investment except when dealing with other cryptocurrencies in the market. Those who prefer trading should also consider risk tolerance when doing their activities unlike the holders who should worry less about those changes, the purpose there is to purchase and hold for the long run until when it is due for profits.

I agree with the fact that, not just the newbies but also everyone should be constantly reminded
But I think I have to correct your last paragraph and make it clear that cryptocurrency is a risky investment regardless of which ever coin you decide to hold that’s why, it is always advisable to use only the funds you can afford to lose.

[Popkon6]

This is the only problem that I think people cannot control greed, in the beginning, if a new investor invests in Bitcoin and sees or gains some benefits, that holder immediately sells Bitcoin. All these people spend the most time in regret at the last moment, because later they buy Altcoin hoping to get more and more profits, and immediately invest all the money with $1400 and now they are left with $630 and lose all the rest of the money.
This is my real experience, such an incident happened to my neighbor. And at the last moment I have solved it that if you want to survive by just holding, then only Bitcoin will survive. Bitcoin is the only last hope, the possibility of loss from here is very low, if you keep it for a long time, there will be more benefits but the possibility of loss is the least.

[Publictalk792]

These are some valuable insights which you shared with community especially with newbies like myself. You are absolutely right pursuit of quick profits and free money can lead to reckless decisions and gambling with our investments. It is essential to prioritize building our knowledge and resilience and long term strategies over get rich quick schemes. I appreciate your friendly heads up and I think newbies including me should definitely keep your advice in mind as I navigate world of cryptocurrency.

[BlackBoss_]

Avoid these two things and you will be fine

: Quick money scheme
: High-risk investments

Your advice is too simple but makes sense. There are many scam methods that are used and adjusted with time by scammers. People if have some basic but vital characteristics like disciplined, careful, greed-controllled, will be able to avoid most of scams.

The cryptocurrency scam book is written with 15 scam types and it can add something to your advice for newbies.
Newbies and all need to pay attention on their practice to have better securit for devices, wallets and funds.
Cryptocurrency security checklist.

[jcojci]

Crypto is not a quick money scheme and a high risk investment so people must learn before they decide. They don't have to get tempt with many things they see in their social media because that will not always right. Investing in crypto needs time before you can make a profit so you need to have patience and you can choose Bitcoin as your investment.

That advice will not just for newbie but also for others who involve in crypto from some time. They can not always expecting to make a profit in shortly because we don't know when the price will increases.

[Zanab247]

I don't think this advise is for only newbie op, because I have seen many old members taking a high risk that will make them to commit crime for people to condemn cryptocurrency, which is not the fault of cryptocurrency just that the user took a high risk on cryptocurrency investment.  I know some newbies will ignore this your advise for now until they experience losses from the quick way they embark to make money before they will realize this advise you gave for newbies not to fall victim till they will retire from Bitcointalk or cryptocurrency investment .

When you invest what you can afford to lose in cryptocurrency, you will surely be fine through out your cryptocurrency investment because you will not have anything that will put you into depression, because you know that you can hodl the cryptocurrency for long years before you can decide to sell to earn profit in the future, secondly, when you avoid high risk in cryptocurrency investment, you will surely know how to apply patient in the industry to earn what other people are earning.

[hugeblack]

These are good tips to avoid old school scammers but scams have evolved so that following the old rules is no 100% guarantee that you won't get scammed. The best solution is to be skeptical, ask here if you're not convinced by the answer and try not to invest money that you need in the next 6 months.

[Crypto Library]

: Quick money scheme


: High-risk investments

As your advises is good for the crypto investment. Even I would like to mentioned on more think and that investment should be on that amount which can they afford to lose.

And also you have mentioned the name of bitcointalk forum as regarding the journey on bitcointalk forum I always say to the newbies stay claim and explore the forum like for the newbies I always suggest to read and obey the forum rules and special explore the Beginners & help and the Meta board.  And I will say here don't be rush and like quick money scheme keep Patience and learn automatically  you will be on the point where you should be.

[Cityhunter34]

I think this advise is not only for newbie, I think is for the general community. Of course cryptocurrency required proper knowledge and patience and we should always remove the mindset of getting quick profit because as long as I know Bitcoin investment is not a get rich quick scheme it required time for you to get something out of it. However, in all Bitcoin investment is always the always best, because is more reliable than other investment just buy enough Bitcoin and hold for a long period of time.

[lovesmayfamilis]

These are good tips to avoid old school scammers but scams have evolved so that following the old rules is no 100% guarantee that you won't get scammed. The best solution is to be skeptical, ask here if you're not convinced by the answer and try not to invest money that you need in the next 6 months.

Today, scammers use new technologies to paint a colorful picture of the future of their victims. People are provided with information that looks like a feasible and workable scheme, following the rules of which clients will supposedly receive a quick profit. There are plenty of such ads on the Internet for every taste. Victims are tracked in social networks, studied their interests, etc., and then offered a “magic” plan for quick enrichment. But every impressionable person should take as a rule not to rush to spend money, but wait and think over all the information, checking several sources. Everything that seems very simple and beautiful to you will turn out to be a fraud. If you feel like you are being scammed, you are right.

[Ruttoshi]

As a newbie in the crypto space, it's better that you only invest in bitcoin and forget about any coin. You should also have a long term investment goal and don't use the money for important things to invest in bitcoin because it's not a get rich quick scheme, since bitcoin investment is for the future and not for the moment.

Trading is also risky, it will be better if you avoid it, because that's another way you can lose your coin if you don't have a good trading skill. Scam is everywhere and that of crypto is very easy, so be careful and keep your funds safe in a noncustodial wallet.

[Porfirii]

As a newbie in the crypto space, it's better that you only invest in bitcoin and forget about any coin. You should also have a long term investment goal and don't use the money for important things to invest in bitcoin because it's not a get rich quick scheme, since bitcoin investment is for the future and not for the moment.

Trading is also risky, it will be better if you avoid it, because that's another way you can lose your coin if you don't have a good trading skill. Scam is everywhere and that of crypto is very easy, so be careful and keep your funds safe in a noncustodial wallet.

It depends on what kind of investor you are. If you are only focused long term and you want to bet for the ideal, then 100% Bitcoin can be good for you, but there may be more speculative and risk oriented investors for whom investing a percentage in altcoins (main alts or shitcoins, to everyone's taste) can be more entertaining.

Of course, investing all your money in get rich quick schemes is a bad idea, but allocating a little part in alts with great potential can be a good strategy in the short term if they pump.

[SquirrelJulietGarden]

These are good tips to avoid old school scammers but scams have evolved so that following the old rules is no 100% guarantee that you won't get scammed.

Scammers evolve their scam strategies and methods with time but I can see that fundamentals of their new scam methods are not different than previous methods. People if can learn from common scam methods, even old ones, can avoid many modern scams.

Today, scammers use new technologies to paint a colorful picture of the future of their victims. People are provided with information that looks like a feasible and workable scheme, following the rules of which clients will supposedly receive a quick profit

They write very nice white papers, and decorate them with many potentiality of projects, promise bright future for investors and if investors believe in these promises, they will be scammed. If they were scammed in the past, now are scammed again, they have to sit down and think of themselves, like why they didn't change.

As a newbie in the crypto space, it's better that you only invest in bitcoin and forget about any coin.

Bitcoin is best for investors, and with newbies Bitcoin is more like a golden chance for them to get profit without pain. If newbies ignore Bitcoin, but invest in altcoins, pains can be deadly, and won't be easy to overcome.

Two types of altcoins with Oscillators and Degenerators. If you invest in Degenerator altcoins, you are done because loss will be bigger with time.

These generators will have a similar chart.

[Ojima-ojo]

These are good tips to avoid old school scammers but scams have evolved so that following the old rules is no 100% guarantee that you won't get scammed. The best solution is to be skeptical, ask here if you're not convinced by the answer and try not to invest money that you need in the next 6 months.

The first and foremost characteristic to exhibit when being offered some good ideas and investment suggestions is always be skeptical because being skeptical and asking for clarity will expose a lot about the investment, whether or not it they legit or a scam.


Lastly, the amount in investment is also very right, but the question is, is it better to invest the amount you can afford to let go for a long period or to make sure you invest in assets on Bitcoin when the price is low?


From reality check, those who bought Bitcoin and held it in their wallet but bought those Bitcoin when the price was at an all-time high and the price crashed half the price will have more challenges even though they bought Bitcoin with the amount they can afford to let go for a while, compared to someone that have accurate calculations of the price before buying and buying at a low price even if he risks the money for an important thing in a short time frame.