Ask the real question as a beginner

[SquirrelJulietGarden]

And there are other things like

• Not your keys not your cryptos
• Buy the dip
• Avoid panic selling

The importance of owning your Bitcoin private keys and actually owning your bitcoins.

Bitcoin Q&A: Not your Keys, Not your Coins.
As the Bitcoin mantra goes: "not your keys, not your coins."

You are only able to avoid panic selling, avoid fear and can be knowledgeable, brave and determinant enough to buy dips if you understand about Bitcoin market history like corrections, dips and what often happen after dips or corrections. Additionally you only can do this if you understand about psychology of market cycle.

Psychology of market cycles.
The pitfalls of psychology of market cycle.

[KingsDen]

The best way to learn is asking questions and this is not only about cryptocurrency. Many beginners failed to ask the basic questions that can at least set them up well

This works only if you ask sensible questions.
Some newbies come up with questions like;
What is bitcoin?
Can I buy bitcoin with my phone?
What is the difference between bitcoin and cryptocurrency?...
The above questions are too basic, and everyone is expected to get an answer with a few minutes internet search. Someone who ends up asking such questions end in people ignore list.

It is nice a newbie don't also ask questions but keep reading and searching the forum for old threads. All their intended questions have answers.

[mvdheuvel1983]

It is not necessary for a newbie who got registered in the forum few days ago to start asking questions because he may end up repeating questions that has already been asked and answered by other members of the forum but I think this what a total newbie should do because coming to a new place you must behave like a stranger so that you don't look stupid when you are trying to be smart in the eyes of the people who has been there before your arrival.

Take few days to observe how things are done in the forum after your registration you don't need to start introducing yourself because that is not very necessary, you can get a reasonable question to ask from your little observation of what is happening here that only will show how well you have been doing since you got registered. There are so many questions you get get answers for yourself with the help of the Internet I think you shouldn't ask questions you can find out for yourself unless you don't clearly understand what you got from the Internet.

[boyptc]

Even not for beginners, there were people that have been in the market already for a long time but then left and sold everything they have.

Missed the opportunities and have taken a look at it and back and forgot almost everything they've learned or they have a path of starting all over again.

But not all beginners have to go through with so much questioning if they're resourceful, they can find answers to their questions with the use of internet, AI, search engines, forum's search box, etc.

[lovesmayfamilis]

OP, you are not speaking for all newbies, but only for very lazy people. Having learned about this forum, a person interested in Bitcoin does not need anything else at first. The only thing you need is reading. All your usual questions written in your post are so obvious and have been discussed a thousand times on this forum. He who seeks will always find! Saying that investments will not bring success will also be an incorrect conclusion for someone who does not understand what he is talking about. Your registration is in 2021, and it is strange to see some conclusions from you. Maybe you were not taught badly, but you studied badly. In a word, we can say that yes, asking questions is always relevant, but it is necessary to study the answers, of which users on this forum provide more than enough.

[JoyMarsha]

The best way to learn is asking questions and this is not only about cryptocurrency. Many beginners failed to ask the basic questions that can at least set them up well

The problem is anything that involves money; some people are not being told the right truth about the ups and downs involved in what they want to start up that involves money. They are being told about the advantages of catching their attention and interest as fast as possible. Because it is in human nature to easily accept or move into what, there are profits to make as quickly.

I don't think that many people who are introduced to Bitcoin investment as newbies are being told about the negative side of Bitcoin investments. They are being told about the positive side. They, of course, can't begin to ask questions about what they have less knowledge of when there is money to be made.

[qwertyup23]

5 are there any scam stories and how can I prevent myself from having to experience it

Many scam stories are written in Cryptocurrency scam book. You can read and learn about most popular scam types.
Collection of comprehensive guides on identify and avoid scam projects.

You can learn many things by yourself with Internet and searching. Nowadays, you also can ask ChatGPT or Grok AIs, with more collective and even better results than from Google.

This is very interesting- thank you very much for sharing this link!

I used to report dozens of scams in this forum whenever I check the ANN section. Before, there were lots of fake websites containing virus links from wallets, fake team members, plagiarized whitepapers, and even ponzi schemes. Unfortunately, with the advent of AI, using the traditional method became more difficult and harder since scammers can circumvent this by uploading AI-generated WPs and even fake members with seemingly realistic human features.

Reading the article you just sent was very nostalgic- it reminded me of the days where ICOEthics used to be active in this field.

For beginners, kindly visit the link provided and familiarize yourself with the typical methods used by scammers in order to lure you. Prevention is always better than cure that's why always be responsible!

[Catenaccio]

I used to report dozens of scams in this forum whenever I check the ANN section. Before, there were lots of fake websites containing virus links from wallets, fake team members, plagiarized whitepapers, and even ponzi schemes.

If your interest is about checking and reporting malicious threats, you can report them in a thread managed by Lafu.
Report Malware and Suspicious Links here so Mods can take Action !
A good Guide and advice for new Users before you Download anything from the Forum !

[doomloop]

Cryptocurrency was sold to me as an investment opportunity that was guaranteed to give me good returns on investment, but that is actually not true.

This alone is enough to tell newbies that it's important for them to do their research before getting involved in anything. In the real world, when someone suggests something to us, we tend to at least inquire more about what it is, how it works, and whether it has risks or not if they tell us that it's beneficial and we should get into it too, but if the same thing is done over the internet, we tend to just get in without asking any questions. We should also blame newbies in this, partly, because if I'm a newbie and I lose money in an investment that was suggested to me, it's also my fault for not doing my research before investing my money because even if it was suggested by someone else, the money used is my own.

This is a big mistake that a lot of newbies make these days. Nowadays, especially with meme coins spread all around, people think they are going to get rich by one of these meme coins, so newbies start buying any meme coin they hear about only because they heard people have become millionaires through these.

[Sanitough]

Well, it is sad that that beginners have to go through some tough times when starting something because they are ignorant about it and it is the reason why is it is to deceive them . Getting into cryptocurrency many beginners have the thought that it is an easy way to make money and that profit is guaranteed without making any inquiries about it.

It seems like asking questions and making inquiries is a taboo for newbies. They fail to understand that asking questions exposes them to more information that could help them improve in what they are learning, even when you ask an irrelevant question you will be easily corrected and that way you have learned something new.  I think it is just laziness that is weighing them down because the internet is just a tap away from them and it has every answers to any questions they have.

We all experienced being a newbie. What is tough these days, we all go through the same way back then. However, we differ in our mindset. Some newbies would see it as a disadvantage and that they are being belittle in the forum, but in reality they are not.

Of course, they need to accept criticisms as long as they are constructive. And they need to go through the process of learning step by step, and asking relevant questions matter a lot. Without raising questions, how would we know how to address you, or your specific concerns. Don’t hesitate to ask, but always listen and reflect, and eventually apply all those newly acquired knowledge and information.

[btcltcdigger]

The main question that people need to ask THEMSELVES is at what price do i sell?
Lets not kid ourselves, who hasn't heard about crypto nowadays? Some backwater tribes from sentinel islands? No one is here to ask questions, they are here to make money

[Bigjoe33]

It is not necessary for a newbie who got registered in the forum few days ago to start asking questions because he may end up repeating questions that has already been asked and answered by other members of the forum but I think this what a total newbie should do because coming to a new place you must behave like a stranger so that you don't look stupid when you are trying to be smart in the eyes of the people who has been there before your arrival.

Take few days to observe how things are done in the forum after your registration you don't need to start introducing yourself because that is not very necessary, you can get a reasonable question to ask from your little observation of what is happening here that only will show how well you have been doing since you got registered. There are so many questions you get get answers for yourself with the help of the Internet I think you shouldn't ask questions you can find out for yourself unless you don't clearly understand what you got from the Internet.

I totally agree with you on this. As a newbie, studying I believe should be the key to growth and self development. You came as to gather knowledge, therefore, observing the forum and to see how things are done is not only right but also very important. With that been done well, you can get a general overview of the rules and regulations of the forum, the do's and donts and few other beginners guide needed to avoid spam and plagerism.

If all these been done properly, then few questions can be asked for more clearity if there are still few misunderstandings from what has been gathered during your tour round the forum in search of knowledge. And I must also add, when a newbie asks questions, he/she must also learn to go back to the thread to read replies giving back from experienced and high ranked members which will help the newbie immensely.

I still root in for reading and studying, it will expose so many things to you in the forum which will reduce your questions and also shape your level of understanding positively and make you a more reasonable member of the forum..

[retreat]

1. What could go wrong

If you invest without understanding the risks and volatility of the cryptocurrency market. Many beginners only invest their money with only profit expectations in their minds without understanding that it has risks. The result is when the market drops, they panic, and then sell at a loss.

2. Are there risks and if yes how can I secure myself

Investing your money in cryptocurrency has risks. However, if you have sufficient knowledge of the assets you invest in, you should be able to minimize the mistake of selling at the wrong time. While another risk is security, many beginners do not understand how to secure their wallets. Having basic knowledge to secure a wallet is a must.

3. Is it legal

It depends on where you live, because each country has different rules regarding cryptocurrency. For example, in America it is legal to trade crypto, but in Bangladesh it is only illegal. You should be able to find out for yourself about the legality of crypto in your country.

4. How can I find out more for myself

In this forum, there are many things about cryptocurrency that you can learn. You can discuss with other users or read threads shared by other users. Or you can search on google and find useful resources for you.

5 are there any scam stories and how can I prevent myself from having to experience it

There are many stories about scams in the crypto world and many people have lost money because of it. That's why it's important to increase your knowledge and awareness and don't just believe anything that other people promise you. Always DYOR (Do Your Own Research) and never share your private key or seed phrase with anyone.

[Cryptohygenic]

It really saves a stich at nine when newbies sticks on asking questions on their learning process towards their vision of adopting bitcoin either for reserve, investment and even trading because the feedbacks helps to clear your doubts in it critical places.
You don't just make guesture at where you invested your values instead you engage on research on your own and also consult from those who seem experienced.
The complications people gets after invested in bitcoin is that they never asked questions about the market risks and how to fix it and also the criterias surrounding the market such as market volatility.
Don't also rely on one source of information but spread out your source of information to verify the legitimacy.

[Bluebird1357]

There are so many news about bitcoin and cryptocurrency but if you actually listen to many of this news, articles e.t.c you are meant to notice that they are most times not meant for beginners
4. How can I find out more for myself

If someone truly wants to know and learn something from the heart, then nothing can stop them. So I have shared with you some simple guidance for beginners --
1. https://bitcointalk.org/index.php?topic=5184741.msg52459430#msg52459430
2. https://bitcointalk.org/index.php?topic=5276341.msg55209958#msg55209958
3. https://bitcointalk.org/index.php?topic=5500358.msg64230160#msg64230160

[knowngunman]

It’s bad enough that many beginners are getting the wrong or half picture about cryptocurrency but as a beginner you should also help yourself out.

The reason why many beginners are being fed with wrong information about bitcoin and cryptocurrency in general is because they feel relaxed and want to offered second hand information without putting their own effort to make personal research. Consequently, people take advantage to feed them with what they want to hear which is mostly the wrong narrative about bitcoin. Some of them where made to believe that bitcoin is a get rich quick investment while some believe it is a gambling. Every of these narrative can be easily dispute if they had taken time to ask questions on the right channel but they're quick to accept what others said without making effort to verify. Look, if you normally rely on people for information, you're likely to be mislead.

[OcTradism]

The reason why many beginners are being fed with wrong information about bitcoin and cryptocurrency in general is because they feel relaxed and want to offered second hand information without putting their own effort to make personal research. Consequently, people take advantage to feed them with what they want to hear which is mostly the wrong narrative about bitcoin.

It is before the development, launch and growth of AIs. Now, with AIs, even lazy people can ask AIs about Bitcoin and get enough good basic information about Bitcoin. Then they can do own search for more educational resources to learn about Bitcoin very easily and effectively.

People who want to "get rich quick" with Bitcoin, but are super lazy to do own research about Bitcoin, are perfect targets of scammers and Ponzi operators.

If they were scammed, they can not blame their losses on anyone else or on Bitcoin, because they refused many chances and resources for learning about Bitcoin and most common scam types in cryptocurrency market.

[Myleschetty]

Yes, being a beginner or newbies is not easy in the crypto space. A side from the battling indecision, poor knowledge, and poor experience. What most beginners battling with the most now is misinformation, and KOL selling their community for reward.
I hope we will have a means where misinformation and KOL abuse will be stopped.

[EluguHcman]

Being a beginner in anything is absolutely not easy and I speak from experience because you are battling a lot of things that includes indecision, poor knowledge, poor experience and so many other things.
There are so many news about bitcoin and cryptocurrency but if you actually listen to many of this news, articles e.t.c you are meant to notice that they are most times not meant for beginners and I don’t blame anyone for that there are many consumers for such news and articles already.

In place of this forum, I agree with you that there are newbies or beginners even after invested their funds on crypto they don't stay humble to learn or further to exploit their knowledge in the industry which they just recently ventured in.
In other round, most of the identified newbies on this platform are highily experienced of Bitcoin before they can into the forum so, you don't expect them be in lines of the beginners when it gets to do with Bitcoin discussion while they may remain newbies in this platform at the meantime.

It is just like there is a payout in claiming a high capacity of knowledgeable persons by some of the newbies.
Meanwhile... there are experienced users out there whose interest of building their Bitcoin or crypto lives can not be played with, so they mind asking questions even when it sounds to be basic question that was meant for beginners on the race.

The point is that... It is better you hold solid of one thing to a professional level that can yield valuable outcomes and as well minimize your risks.
So even if it requires the process of asking questions to be acquired is worth adhering.

[hd49728]

In other round, most of the identified newbies on this platform are highily experienced of Bitcoin before they can into the forum so, you don't expect them be in lines of the beginners when it gets to do with Bitcoin discussion while they may remain newbies in this platform at the meantime.

If they begin with Bitcoin, want to to find a Bitcoin forum for leaning and discussion, if they search for it, I am quite sure with you that this forum will appear in their search results and on top. They don't need to be introduced to this forum by anyone, searching will bring them to this forum, which is a biggest forum for Bitcoin discussion.

If they were introduced by someone to this forum, it is their good start because they possibly have human mentors. If not, the person is not ready as a mentor, AIs can help with quick search and basic informative guide.