This is for Newbie's to cryptocurrency and Bitcointalk

[cryptoaddictchie]

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.

[SquirrelJulietGarden]

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?

Investment is long term and with investment, you afford to lose your money, and don't plan to use it for a long time. The first one is easy, but the second one needs very good financial and capital management. You only can meet the second condition if you don't use all money to invest and bet in Bitcoin, because with empty pocket after purchasing Bitcoin, your mentality will be very weak with market volatility. In addition with empty pocket, you will have big troubles in emergency like you have to borrow money or sell your bitcoin.

In emergency, you might have to sell your bitcoin at loss, that you don't want. Purchasing at low price or high price is not too important with long term investor, because price can fall down more after your entry.

[Fiasem20]

Newbies are more vulnerable than experienced crypto users that's why topics related to crypto scam is being repeated on Beginners&Help for newbies and veterans to be on the safer side.I think one of my cliches in the crypto space is Avoid projects that are too good to be true.Quick money schemes are just too good to be true so the best I can do is to avoid them.There's this article I came across on the internet that will educate newbies on crypto scam(The CryptoCurrency Scambook).When you're exposed to those scams you'll become less vulnerable on the crypto space.Everyone on the internet ought to be extremely cautious because scammers ain't joking with nobody, they're are inhumane,few days back I read an article on the internet,an Oklahoma woman with parkinson's disease was duped $20,000 in Bitcoin.
I don't think the quest for money would push an individual to go into gambling.Gambling is not a source of income,it more of entertainment and fun.So those that don't know the purpose of gambling will end up losing their money and become addicted to it.Bitcoin has grown past the stage where it should be considered as a high risk investment expect you're referring to shitcoins then I'll agree.

[GeorgeJohn]

For you to be successful in life you need to take a risk neither the risk you want to take is a low one and the higher one so what you know is that in a risk taker is liable to become rich when it was not expected and the same thing is applicable for you not to be profited when it is not the time, so as a cryptocurrency investor you need to take the risk but I will not advise you or encourage you to take a risk of blind person, so whenever you are taking a list to make sure that you think of the advantages and the disadvantages of it so that when the disadvantages occur, you will not be depressed because of what experience that is why we need to be informed properly for who venture into anything you want to do

[Patikno]

Newbies are more vulnerable than experienced crypto users that's why topics related to crypto scam is being repeated on Beginners&Help for newbies and veterans to be on the safer side.I think one of my cliches in the crypto space is Avoid projects that are too good to be true.Quick money schemes are just too good to be true so the best I can do is to avoid them.There's this article I came across on the internet that will educate newbies on crypto scam(The CryptoCurrency Scambook).When you're exposed to those scams you'll become less vulnerable on the crypto space.Everyone on the internet ought to be extremely cautious because scammers ain't joking with nobody, they're are inhumane,few days back I read an article on the internet,an Oklahoma woman with parkinson's disease was duped $20,000 in Bitcoin.
I don't think the quest for money would push an individual to go into gambling.Gambling is not a source of income,it more of entertainment and fun.So those that don't know the purpose of gambling will end up losing their money and become addicted to it.Bitcoin has grown past the stage where it should be considered as a high risk investment expect you're referring to shitcoins then I'll agree.

I couldn't agree more, I'm gonna make a conclusion for your statement and add my own opinion. To put it simply, do your own research before we decided to put our money on something, asking for a second or third opinion is totally okay, but the decision should come from our own as we cannot blame anyone if something bad happen to us. That's the very generic suggestion that we should give to newbies and for the specific details could follow  @Fiasem20 explanations here. Always be cautions to anything and anyone. and can never be too cautious, be a skeptic one while maintaining an open-mind.

[CryptopreneurBrainboss]

For you to be successful in life you need to take a risk neither the risk you want to take is a low one and the higher one so what you know is that in a risk taker is liable to become rich when it was not expected and the same thing is applicable for you not to be profited when it is not the time, so as a cryptocurrency investor you need to take the risk but I will not advise you or encourage you to take a risk of blind person,

I was about disagreeing with you until I saw the last part of your reply because not all risks are worth talking. There are risks that can be seen as uncalculated and those aren't the risks we should be taking.

Risk that are 50/50 are more like gambling than investing. There are risks that your chances of succeeding increase which are calculated risks and those are the ones we should be investing into.

The industry has lots of uncalculated risks and they usually ends up as scams and you can find them with projects riding the trends of the seasons. Investing in newer launched projects can be seen as a good decision until it doesn't favour you again.

Investing in quick money schemes in the industry can be seen as wise decisions until you become the exit liquidity, that's why you should stay away from them.

[Miles2006]

Not just newbies but, the part that has to do with gambling is not necessary, let people make their choice concerning what they want. I understand that fact a lot of people will not be able to accumulate frequently due to gambling activity no doubt. There’s no free money when dealing with crypto not just crypto generally in terms of everything associated with money, if it were this easy everyone will enjoy crypto benefit without spending a dime. No one is above mistake and it’s a major fact, during this festive season I know a lot of crypto programs and activity will be taking place yet I prefer being careful.

[sunsilk]

Avoid these two things and you will be fine


: Quick money scheme


: High-risk investments

Just a friendly head guys.

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.

[Mia Chloe]

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.

Sometimes high risk investments actually turn out to be of huge positive effect infact in most cases, the higher the risk the bigger the returns however that's actually where to concept of taking smart and calculated risks come into play. There is a huge difference between risking big  and taking a calculated high risk investments.
Where the problem actually lies most of the time is that they are taking risks without calculating and end up putting their chances on hope which may not turn at positively especially since most times it's based on a 50 / 50 chance of win or loss.

[BITCOIN4X]

~Snip

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.

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.

[nakamura12]

I don't disagree with what you want people to avoid as to not get scammed. I appreciate your friendly reminder but in my opinion is that you should also add this one which is "DON'T BE GREEDY". The reason why I said that it should be included is that if people are getting greedy then the friendly reminder you listed won't help since the people who saw it are already driven by greed so it will be useless when it will happen to whoever is greedy to earn lots of money when it's a scam.

[Zoomic]

Newbies can actually avoid being too greedy and even remove the thoughts of getting rich quickly from their minds, yet they may still get into trouble with their investment if they do not know all they need to know about that particular cryptocurrency they are investing in. I have read on blogs and on social media about how some persons have lost their savings both in crypto and in fiat to scammers.  All these was made very easy and Possible to scammers because these newbies were only interested in investing and didn't pay attention to many other Possible ways they can lose their investments.

Newbies should understand that it is not enough to invest in crypto and relax hoping for returns in the nearest future, they should follow up with updates, read and stay alert because they will need every information they get to help them make only the right decisions and stay out of trouble too.

[lovesmayfamilis]

For you to be successful in life you need to take a risk neither the risk you want to take is a low one and the higher one so what you know is that in a risk taker is liable to become rich when it was not expected and the same thing is applicable for you not to be profited when it is not the time, so as a cryptocurrency investor you need to take the risk but I will not advise you or encourage you to take a risk of blind person, so whenever you are taking a list to make sure that you think of the advantages and the disadvantages of it so that when the disadvantages occur, you will not be depressed because of what experience that is why we need to be informed properly for who venture into anything you want to do

What risks are you talking about? The idea that before investing somewhere, you need to know the subject of investment has been discussed a thousand times on the forum. It will also not be risky if you correctly calculate all the funds that you invest and are sure that you can do without them for a long time. The one who purposefully studies all aspects of his future business and only then opens it succeeds. Taking risks, you are unlikely to make a profit, since it is comparable to gambling. Although I suspect that you want to succeed by playing, that's why you suggest risking everything.

[Jewan420]

Your advice, though in the early stages, is meaningful. The temptation to make quick profits in the crypto world often leads to the most harm. Crypto is not a scheme for getting rich quickly, where you can place your money in risky investments and expect to become wealthy overnight. Risky investments refer to things like shitcoins or short-term investments. These types of investments carry the highest risks, and shitcoin investment is almost akin to gambling.

As a beginner, you should never get involved with shitcoins. You may come across enticing advertisements about shitcoins on various social media platforms. If you’re planning to become rich quickly by investing in such risky ventures after seeing these fraudulent ads, I strongly advise you to be cautious. There’s another kind of fraudulent ad related to gambling. These ads promote schemes to get rich quickly, but I believe they are just traps to make people poor. As a newcomer, my special advice to you is to avoid these temptations and force yourself to think critically.

[moneystery]

Quick money scheme

often newbies are exposed to quick money schemes because they have the wrong mindset on investing. they are too naive and innocent and think that they can earn thousands of dollars in a month just if they invest in a certain project. there have been many cases where newbies were scammed just because they were promised high returns. newbies should be able to see a token clearly without being affected by high returns. they should see how the token's use case, whitepaper, and how it performs in the market.

there are too many scam projects in the market with the promise of high returns, newbies should learn more and think smarter so that they can avoid scams.

[Doan9269]

Newbies can actually avoid being too greedy and even remove the thoughts of getting rich quickly from their minds, yet they may still get into trouble with their investment if they do not know all they need to know about that particular cryptocurrency they are investing in. I have read on blogs and on social media about how some persons have lost their savings both in crypto and in fiat to scammers.  All these was made very easy and Possible to scammers because these newbies were only interested in investing and didn't pay attention to many other Possible ways they can lose their investments.

Newbies should understand that it is not enough to invest in crypto and relax hoping for returns in the nearest future, they should follow up with updates, read and stay alert because they will need every information they get to help them make only the right decisions and stay out of trouble too.

Be greedy and get nothing in return at the end of the chase, the more they are running after winning or profits the more it's becoming a nightmare for them to get it, being a newbie, you know nothing and what should be running on your mind is not the money making grounds, but the knowledge which will be an opener to making money later in the future, but many of them wouldn't like the go through the process but wants the end result while they have done nothing to deserve it, we have a lot of work to do in mentoring for those who are new to bitcoin and bitcointalk, but anyone who is ready and willing to learn will definitely see the benefits therein, when they also know it, they can be able to impact on other newbies who may rely on them for knowledge source the way everyone of us might have started.

[GreatArkansas]

(...)

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.

[Asiska02]

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.

The more truth about this is that newbies come into this space mainly because of the inciting offers they hear they can get from bitcoin/crypto investment. And without further details about them, they jump into the game hoping to have a very big benefit in the end after their investment. When it sounds too easy to make it, it is now worth investing into and many loopholes may be in them. There is no free money or get rich quick scheme anywhere, when someone says that, it means they’re trying to indulge you into a risk that you may not be able to afford. Research and further asking about a project is necessary in order not to fall in a regretful state.

[knowngunman]

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.

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.

[Die_empty]

Avoid these two things and you will be fine


: Quick money scheme


: High-risk investments

Just a friendly head guys.

Your first advice seems good to me but I am not comfortable with the second one. Quick money scheme sometimes comes in the form of Ponzi schemes where the organizers use other people's money to pay others. When they have collected a huge amount form people, the system will collapse and investors will lose money. Another kind of investment to avoid is the once that promises high returns within a short time. It is important to do your own research before investing in any project.

High-risk takers sometimes are lucky to make more profit. In business sometimes, the higher the risk the greater the profit. Bitcoin is a high risk investment, which is why many people avoid it. But those who are brave enough to take the risk are benefiting from it big time.