This is for Newbie's to cryptocurrency and Bitcointalk

[AYOBA]

Proverbs prove that where there’s win they will be also a risks involved, but not all the newbie’s understand they think that since there seeing a lot of peoples are gaining much profit when ever they invest; they think everything about the cryptocurrency is very easy.

Particular newbie’s who are introduced to the cryptocurrencies system as newly some are refuse to and make their own research about the Bitcointalk and how the cryptocurrency operates, that’s most of them fall in victim lose when they come to investment or any other patent to a cryptocurrencies stuff.

[sunsilk]

Greed is certainly not the only reason for failure on several occasions in investing, but there are many other reasons including the wrong mindset about how investing works. Insufficient knowledge and experience are also the reasons why they cannot generate returns commensurate with the risk, but on the other hand they want to get rich quickly. Some of them consider the high risk of investing, including investing in non-popular altcoins or altcoins that have low capitalization. Some of them succeed in this way, but many of them also lose.

Lack of knowledge is one reason. We've been there and done that and we're aware that it's the reason why we've lost a lot of money when we're still new.

And the misleading information of many influencers about how they look easy in making money when they're already established and comparing themselves to the newbies.

In short: avoid being greedy.

That's the main reason why many newbies are falling for those traps. They think that they've found some good investments that will generate them money easy and hassle-free.

But that's not what they know that these traps are set for them to fall. If they bite one, that will continue to suck the hard earned money that they've saved forever.

Non-crypto/Bitcoin and even related, this really applies in our lives. It's more likely a rule of money. Greed is always the reason why we fail or lose money. The best example is how Bitcoin came from its lowest to its peak price and still climbing, so if you are not being greedy along the road, for sure you are not losing money every dump happens.

Exactly. That's one of the general rule in life. While there are oligarchs that are greedy and makes a lot of money, there's still a return to them not financially but with their actual lives, if we believe in karma, that's what it explains it all.

If people (particularly newbies) listen to what is usually being discuss here, we would definitely have a minimal case of falling victim to cheap scams. Unfortunately, they turn deaf ears to all the warning and start running from one angle to another looking for help.

Greed is actually the genesis of most of the cases. They come here thinking that it's a shortcut to make easy money. If they now realised the reality, they'll now resort to looking for investment with high returns and eventually fall victim to scammers who are always on standby hunting for victims. If you can control your greed, you'll likely be saved from majority of the ongoing scams.

Many doesn't listen to the experienced ones and that's why they have to go through the harder way. But if just do, many will have to go through the better shortcut if they listen.

There are few that listens and they're the fortunate ones who are moving on better than newbies that don't listen.

[Kelward]

Some people who are looking for a place to make quick profits on the short term will make the mistake of thinking that the crypto space is the place to make fast money. Little do they know that the crypto space is a hub for scammers and hackers, most of the crypto projects are scams but they'll be hyped like it's the investment that'll give returns on a very short term but it's to scam crypto ignorant people.

I've seen a lot of people that have lost their money investing in none reputable cryptocurrencies, some of these scams are promoted by top celebrities. I always tell newbies to concentrate on Bitcoin alone, after they've increased their knowledge about cryptocurrency, then they can consider altcoins. There are top altcoins that have built reputation but they have to DYOR and invest with the amount that they can afford to loose because most altcoins are gamble.

[KingsDen]

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.

• Because of greed, some people gather money and build their portfolio and have tj lose all during the Christmas season because they are promised unrealistic returns.
• Put one and receive two; sorry you have been scammed.
• If $10 gave me $20, it means $1000 will give me $2000. Sorry you are about to lose it.
• Someone is asking you to invest before today ends, if not the opportunity will slide. Please let the hasty opportunity slide.

Be cautious and stay safe.

[albon]

• Because of greed, some people gather money and build their portfolio and have tj lose all during the Christmas season because they are promised unrealistic returns.
• Put one and receive two; sorry you have been scammed.
• If $10 gave me $20, it means $1000 will give me $2000. Sorry you are about to lose it.
• Someone is asking you to invest before today ends, if not the opportunity will slide. Please let the hasty opportunity slide.

Be cautious and stay safe.

Greed is the enemy of any investor, whether a beginner or an expert. Scammers await the most opportune times of the year when companies and platforms usually offer discounts and tempting offers to target beginners with investment opportunities that they will call "unmissable in 2025." through which they may achieve gains that they cannot imagine at normal times. They will also target them with phishing links for airdrops and fake giveaways for exchange platforms and popular companies, in addition to the memecoins that they will create specifically to coincide with the New Year, which will be unknown and new coins that they will try to promote widely to encourage these beginners to be early investors in them. Once this is done, they will disappear with their money, leaving worthless coins in the hands of their victims.

What the OP mentioned is valuable advice that must be taken seriously. At these times, one should not rush to make rash decisions, ignore all free money offers, and enjoy these celebrations and HODL Bitcoin safely.

[PX-Z]

Greed is the enemy of any investor, whether a beginner or an expert. .

Not just for investor but for all kind of things, to be precise in finance, its trading, gambling then investments any too much is risky and could end up in bad shape.

Quick money scheme should ve avoided, and high risk investment should considered with different matters. Most people considered bitcoin and crypto investments especially on meme tokens are considered as high risk investment.

[Porfirii]

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.

This is the first time I hear about this classification of altcoins (degenerators and oscillators); do you know where it comes from originally?

There is a non-written rule which says that a great percentage (80% or so) of one's portfolio should be in BTC, or in BTC plus some Ethereum, and only allocate 10-20% to other alts, depending on your risk aversion. As you said, pain can be unbearable otherwise...

[nakamura12]

This is the first time I hear about this classification of altcoins (degenerators and oscillators); do you know where it comes from originally?

There is a non-written rule which says that a great percentage (80% or so) of one's portfolio should be in BTC, or in BTC plus some Ethereum, and only allocate 10-20% to other alts, depending on your risk aversion. As you said, pain can be unbearable otherwise...

I tried doing research and what shows is the link in the post that you have quoted. It may also be the keyword that I used but what I used are the both words that you mentioned. I am also hearing about this yhe first time about investors using these two as what they use for classification of altcoins. I'd also curious where it would be and if it's widely use by many investors or not.

[Questat]

Greed is the enemy of any investor, whether a beginner or an expert. .

Not just for investor but for all kind of things, to be precise in finance, its trading, gambling then investments any too much is risky and could end up in bad shape.

Quick money scheme should ve avoided, and high risk investment should considered with different matters. Most people considered bitcoin and crypto investments especially on meme tokens are considered as high risk investment.

It's not denying that bitcoin and the rest of crypto coins are high-risk investments that's why we have to invest with caution. Don't fall for get-rich-quick schemes as there's no instant money with crypto. But learn how to become more patient and understanding with your investment, and not that once losses are incurred, you immediately rush into gambling where both winnings and losses are instant.

[CryptSafe]

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.

You are very correct as greed has been one of the major issues people fail to address in their activities and engagements.  Quick money schemes have majorly been the cause of many people's financial loss, and they do this ignorantly without a sense of research and curiosity to know about what they are going into. Many people fall into the hands of money-doubling schemes thinking they could get rich quickly from it. Although the smart ones do it once and leave while the greedy ones still want to continue with it and are so blind, they forget that the process is never a transparent one to guarantee their constant financial flow but in the end, they lose everything just the way they got it.

Nevertheless, high-risk investments are what one needs to take caution before going into it or taking any step of investing their funds. It is indeed risky not to take risks but one would need to weigh the risk they are about to take and the outcome of the risk they are going into first before making such a move. There have been lots of testimonies about risk-takers and the nature of the risk they took, one should not confuse themselves with the kind of risk involved in their case but to be able to look into the nature and degree of risk that involves their own case before they dare such as risk varies in different cases and it is wise to not risk everything at the same time with the mentality that risk takers makes it big out there.

[SamReomo]

Avoid these two things and you will be fine


: Quick money scheme


: High-risk investments

Just a friendly head guys.

I would suggest newbies to avoid all meme coins that are based on Solana because those are also quite risky bets and the ones who aren't aware about the risks will lose a lot of money trading those meme coins. I personally noticed that most of those Solana based meme coins are scams, and the ones who are not lucky will lose money in those coins.

[Rockstarguy]

: Quick money scheme


: High-risk investments

Just a friendly head guys.

I think this have always been the challenge of some people who have been into crypto not just only the newbies. Seeing bitcoin as quick money scheme is a wrong mindset that had always make people to lose money because with this mindset one can invest all they have thinking good amount of money can be generated  so quick .

Some people go into investment without trying to make research if the investment is worth investing, this is mistakes that investors normally make not just only newbies.

[Ojima-ojo]

Avoid these two things and you will be fine


: Quick money scheme


: High-risk investments

Just a friendly head guys.

I would suggest newbies to avoid all meme coins that are based on Solana because those are also quite risky bets and the ones who aren't aware about the risks will lose a lot of money trading those meme coins. I personally noticed that most of those Solana based meme coins are scams, and the ones who are not lucky will lose money in those coins.

Memecions are a go area for me even though I am not a newbie, I had a very bad experience with memecion sometime ago when I got Carried away with their hypes, the fact is that memetics is not to be considered as an investment and if you must hold them, then it should just be for short term and also have it at the back of your mind that you are just gambling with your money and you can lose it at any time.


Memecions should not be viewed differently from gambling which results are unpredictable, so you should not put hopes on them and regardless of how much promises have been made about them, it's all hypes and nothing more.

[SmartCharpa]

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.

This is great advice for beginners and likely some users looking to earn fast profits and free money. Bitcoin investing is not the same as trading, because I have seen many individuals risk their money on rubbish coins while claiming to be investments. Many people need to understand that investments are those who build up assets as Bitcoin to hold for the future, compared to those who trade in order to make quick money on a single night. Holders do not appear to be as unhappy as traders who could lose money if the market changes.

Furthermore, if they ever believe that a quick money scheme is the only method to make the simplest money, newbies risk losing some amount of money that they might utilize to slowly begin building up their Bitcoin accumulation. Newbies shouldn't invest in any meme coins if they lack the money to build up using the DCA method, they can start purchasing Bitcoin with whatever amount they can afford, if they aren't selling when they do not have cash.

[SamReomo]

Memecions should not be viewed differently from gambling which results are unpredictable, so you should not put hopes on them and regardless of how much promises have been made about them, it's all hypes and nothing more.

I fully agree with you, meme coins are actually coins for the gamblers and not for traders. The ones who take risks should consider meme coins but trust me if someone knows meme coin trading than in that area one can make huge fortune within days. A few days ago I watched a wallet and I have been following that wallets since a month and a few days ago that coin literally turned $2k into $480k and I was shocked to see that happening. Of course I didn't copy traded that wallet but that wallet truly made insane profits from just one coin. Although, something like that is possible with only meme coins but it's quite risky as there are many rug pulls at memeosphere.

[Dzwaafu11]

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.

Some newbies still don’t really understand, though. Gambling with money means investing in where you already know that risk is very high and getting back your money is going to be something difficult and has a high risk of losing your money, but choose to invest in there that is gambling. Obviously, I’m saying this because some newcomers still don’t really understand what you meant by gambling with their funds.

Avoid these two things and you will be fine


: Quick money scheme


: High-risk investments

These two things you mentioned are not only applicable to newbies, mate. Even the professional investors often do this; you know, when it comes to money, everybody is looking at how much he will get in return, so only a few really understand and think far to what it will look like in the future. Many don’t do that; they don’t care about the risk. They just want to make the money and always result in regrets. 

[Ojima-ojo]

Greed is the enemy of any investor, whether a beginner or an expert. .

Not just for investor but for all kind of things, to be precise in finance, its trading, gambling then investments any too much is risky and could end up in bad shape.

Quick money scheme should ve avoided, and high risk investment should considered with different matters. Most people considered bitcoin and crypto investments especially on meme tokens are considered as high risk investment.

The first thing to deal with as an adult who wants to build a financial future is greed because in most cases, greed leads people into a situation where the little that they hard will be lost chasing the bigger one, most scams that happens is all influenced through greed in both parties, and so we have to do everything possible to destroy greed from our space at all time, cryptocurrency has a lot of risks on it own, both trading, investing and even holding for long term all comes with risks, but even though greed still add up to the risk aside the natural risks that come with cryptocurrency investment.


Most of those that have lost big in crypto are all the greedy forks, those that want to get rich quickly overnight without any labor, this is the set of people that are the target of scammers.

[Dzwaafu11]

Proverbs prove that where there’s win they will be also a risks involved, but not all the newbie’s understand they think that since there seeing a lot of peoples are gaining much profit when ever they invest; they think everything about the cryptocurrency is very easy.

Particular newbie’s who are introduced to the cryptocurrencies system as newly some are refuse to and make their own research about the Bitcointalk and how the cryptocurrency operates, that’s most of them fall in victim lose when they come to investment or any other patent to a cryptocurrencies stuff.

The cryptocurrency space is very large, with different aspects, that any newbie that is introduced to it must learn every aspect of what he wants to do in this space. before putting their money there, although some newbies are too lazy to learn, and they need quick money, which is why they fall victim to being scammed or losing their invested money, they don’t learn and know the risks and everything that they are supposed to know before investing in bitcoin.

Some of them are introduced to the crypto space to invest in bitcoin, while some are here to trade and do other things that will earn them some money, but unfortunately many of them are not ready to learn, while some are not ready to invest for the long time that is really important in the market. 

[odunybiz]

Avoid these two things and you will be fine

: High-risk investments

Just a friendly head guys.

Im fine with the quick money scheme to be peel off but high risk investment. Well for newbie its fine, but for those who are willing to risk and do some homework for the high risk type and potentially gain a huge profit then this is the major move. Well Im a risky guy when it comes to web3 earning. Sometimes, Id like to see it try and when it boom, and thats it gained so good profit. Newbies need to learn first and if they can handle all headache, emotions and even the hardest part maybe they could do those high risk investment.

Life itself is all about risk. Even our going out and coming in on daily basis is a risk. Failure to risk is failure to make profit. The only advise here for newbie is to learn how to manage their risk by investing only the money they can avoid to lose.

[Taskford]

Avoid these two things and you will be fine

: High-risk investments

Just a friendly head guys.

Im fine with the quick money scheme to be peel off but high risk investment. Well for newbie its fine, but for those who are willing to risk and do some homework for the high risk type and potentially gain a huge profit then this is the major move. Well Im a risky guy when it comes to web3 earning. Sometimes, Id like to see it try and when it boom, and thats it gained so good profit. Newbies need to learn first and if they can handle all headache, emotions and even the hardest part maybe they could do those high risk investment.

Life itself is all about risk. Even our going out and coming in on daily basis is a risk. Failure to risk is failure to make profit. The only advise here for newbie is to learn how to manage their risk by investing only the money they can avoid to lose.

What's important is they learn from the mistake they commit since this is helpful for them to do more better things in future. Also if they didn't take a risk they would never know if this is good for them or not.

That's why I'm always fine taking a risk and want to get out of my comfort zone so that I could try many things that possible give me benefits in future. Since if we are just going to afraid to take risky steps ahead for sure we would never proceed to more better future or missed good opportunities that can change our life on better phase.

So better take a risk while its early since there are so many opportunities out there, but people should not forget to be more careful on their decision and don't get hyped to much on the projects they see online.