Don't start your crypto journey with trading/shitcoin

[Orpichukwu]

Even non-newbies do like this and have mentally like this. And what's the result? Same thing. Well, few got the luck, got sold before the dump happens. Well, yeah, it's a get rich quick scheme for those lucky who got their self before the dump. Because of this, they will try again to another coin, then boom, get burned. I've read stories like this. Become rich overnight, due to greed, turns out to have debt after chasing losses.

I read a story of someone whom they refer to as a "one-time view millionaire" (like the WhatsApp feature where you are sent a file that you can only view once). The person in question was lucky to be part of an early investor who happened to run into some of this SOL project during the time when the hype was strong. He saw his capital run from $100+ (which he invested) to more than half a million dollars calculated by his local currency. He was a millionaire, looking for the possible way to swap the coin and not having enough SOL left in his wallet before they could raise the gas fee. Everything had been drained down, leaving the token with no liquidity and trading volume.

[Sanitough]

What we need to emphasize here is that in trading, there could be inevitable losses most particularly for beginners, regardless if you start trading with shitcoins or even with bitcoin. Success and profitability aren’t guaranteed with trading bitcoin, nor losses with shitcoins. It’s all on your knowledge and potentials that will be your keys in making your trades profitable.

However, if you have gained sufficient knowledge and good, working strategies for your trades, and you also chose to trade with less risky coin like bitcoin, there would be more expected positive outcome, unlike if you are just starting to learn the process and you chose shitcoins for your first trading experience, hence the more you will expose to possible mistakes and losses.

[Oshio-man]

What we need to emphasize here is that in trading, there could be inevitable losses most particularly for beginners, regardless if you start trading with shitcoins or even with bitcoin. Success and profitability aren’t guaranteed with trading bitcoin, nor losses with shitcoins. It’s all on your knowledge and potentials that will be your keys in making your trades profitable.

Even though you explain to newbies not to trade shitcoin in their early journey, they will find away to know what will happen if they ignore bitcoin and trade with shitcoin,  As a newbie, trading with bitcoin will make newbies to like bitcoin trading than others cryptocurrencies trading despite the expensive of bitcoin, but newbies don't have that knowledge to make good income from shitcoin which is why they need to use the little knowledge they have to hold bitcoin and trade in the nearest future to feel the difference.

[Su-asa]

What we need to emphasize here is that in trading, there could be inevitable losses most particularly for beginners, regardless if you start trading with shitcoins or even with bitcoin. Success and profitability aren’t guaranteed with trading bitcoin, nor losses with shitcoins. It’s all on your knowledge and potentials that will be your keys in making your trades profitable.

Even though you explain to newbies not to trade shitcoin in their early journey, they will find away to know what will happen if they ignore bitcoin and trade with shitcoin,  As a newbie, trading with bitcoin will make newbies to like bitcoin trading than others cryptocurrencies trading despite the expensive of bitcoin, but newbies don't have that knowledge to make good income from shitcoin which is why they need to use the little knowledge they have to hold bitcoin and trade in the nearest future to feel the difference.

Although some newbies do more listening than acting, not every newbie started by trading shitcoin, few newbies do the investment but the problem is that they don't have patience to hold further long term. However I think it's based on their misconceptions. If most of them have a better misconception I'm sure that they will do investment and hold it for long. I think the most terrible newbies are the ones that actually thinks that they know it all. But those type of newbies you just stay put, because when they lose they come back to you for more hints.

[Altryist]

It's good that beginners know the right path to follow when they just come into the cryptospace. Some newbies with zero knowledge of bitcoin thinks is a get rich quick scheme and they rush into trading which is the normal mentality of buy low and sell high which is easy said than done as a naive person in the market. When you rush into trading, you have rushed into throwing your funds into thin air because to be a professional trader take a very long time and lot of hard work. That doesn't guarantee that you wouldn't run at loss as a professional trader.

Another set of people are those who think that bitcoin is too expensive and decide to go for shitcoins looking for whatever new shitcoins that will be listed in exchange due to deceitful words that the coin will be the next bitcoin or do better than bitcoin in future. They will be happy stacking shitcoins and end up regretting in the long run when there portfolio depreciates overtime.

If you find yourself in these two categories as mentioned above, you are not going to end your crypto journey in a happy way if you don't buy bitcoin, grow your portfolio and hodli for the future because in the long run traders and shitcoiners will run at loss just like gamblers. Don't allow your decisions today affect your financial situation in future. If you love gambling go to the casino.

When I first started trading, I remember there was a common belief that you could make more and faster profits on altcoins. Back then, it was during the big alt seasons when altcoins really performed well. So at that time, it was partly true, if you managed to find a good new project, you had very good chances of making huge profits during a bull run. Now everything’s changing: all the investment focus is shifting to Bitcoin, while altcoins keep searching for new bottoms even though Bitcoin is setting new highs. So at this point, dealing with altcoins really doesn’t seem like the best idea.

[Muba20]

If one can start trading with skills and knowledge, I think it can definitely be a good source of income. But in most cases there is a common misconception among beginners that investing in cryptocurrencies is a get-rich-quick scheme. Those who are encouraged to invest with such ideas are greedy and at some point they are the ones who suffer the most. These investors usually want to invest in platforms that are most profitable in a short time, and there are more chances of being cheated than others. Where even a skilled and experienced trader cannot guarantee profit, some ignorant traders make those mistakes. There are some investors who do not invest in Bitcoin or top coins but invest in meme coins in the hope of additional profit. After holding them for a long time, they realize that they have been cheated. There is no difference between trading in shit coins and gambling.

[Tmoonz]

What we need to emphasize here is that in trading, there could be inevitable losses most particularly for beginners, regardless if you start trading with shitcoins or even with bitcoin. Success and profitability aren’t guaranteed with trading bitcoin, nor losses with shitcoins. It’s all on your knowledge and potentials that will be your keys in making your trades profitable.

However, if you have gained sufficient knowledge and good, working strategies for your trades, and you also chose to trade with less risky coin like bitcoin, there would be more expected positive outcome, unlike if you are just starting to learn the process and you chose shitcoins for your first trading experience, hence the more you will expose to possible mistakes and losses.

It is so sad to say that a lot of people never had the opportunity of knowing Bitcoin first shitcoins where what they first come in contact with maybe through families and friends of course that's what exactly everyone of them was doing and have to follow suits feeling is the best and only have to find out about the true potential of Bitcoin after they must have been burnt and that is what is called leaning the hard way, am always greatful for not belonging to this sets of people, I was lucky enough to know Bitcoin first through the help of friend where lastly found myself in this forum which has also opened my eye even more.

[Asiska02]

Another set of people are those who think that bitcoin is too expensive and decide to go for shitcoins looking for whatever new shitcoins that will be listed in exchange due to deceitful words that the coin will be the next bitcoin or do better than bitcoin in future. They will be happy stacking shitcoins and end up regretting in the long run when there portfolio depreciates overtime.

It is never too late to invest in bitcoin and the fact that many people keep making this mistake statement and having it at the back of their minds that bitcoin is expensive and cannot be bought again is very misleading information that should not be entertained anywhere it is said out. Few years after bitcoin was invented and reached some certain price, when told about the potentials of bitcoin and urging others to invest, they still say it is expensive and from that time till now, we have seen bitcoin made countless X’s in return on investment.

Shitcoins are always shit and will get you to lose your money to them if luck is not on your side. Newbies should desist from investing in shitcoins, they’ll easily get liquidated especially that they don’t know how those coins function in the market as highly speculative and deceiving coin that only favours the inventors of it mostly leaving other investors to big losses.

[Ishicryptic]

If one can start trading with skills and knowledge, I think it can definitely be a good source of income. But in most cases there is a common misconception among beginners that investing in cryptocurrencies is a get-rich-quick scheme. Those who are encouraged to invest with such ideas are greedy and at some point they are the ones who suffer the most. These investors usually want to invest in platforms that are most profitable in a short time, and there are more chances of being cheated than others. Where even a skilled and experienced trader cannot guarantee profit, some ignorant traders make those mistakes. There are some investors who do not invest in Bitcoin or top coins but invest in meme coins in the hope of additional profit. After holding them for a long time, they realize that they have been cheated. There is no difference between trading in shit coins and gambling.

Trading is profitable if you have taken your time to learn and master what it takes to be profitable but the problem is that most newbies don't have the patience to endure and learn how to trade. They base their understandings on what what some influencers are hyping about how you can become rich through trading, in the end they will learn the hard way when they have lost all their funds. The safest cryptocurrency to start with for newbies is Bitcoin, it has proven it's reputation as a store of value, the longer you hold it the more profitable it becomes for you in bull runs. There are lots of scam projects in cryptocurrency so DYOR before buying so that you don't become a victim.

[justinlamode]

Trading is profitable if you have taken your time to learn and master what it takes to be profitable but the problem is that most newbies don't have the patience to endure and learn how to trade. They base their understandings on what what some influencers are hyping about how you can become rich through trading, in the end they will learn the hard way when they have lost all their funds. The safest cryptocurrency to start with for newbies is Bitcoin, it has proven it's reputation as a store of value, the longer you hold it the more profitable it becomes for you in bull runs. There are lots of scam projects in cryptocurrency so DYOR before buying so that you don't become a victim.

Trading is very profitable no doubt but before you become profitable as a trader, you might have wasted a lot of money and time because profitability is not automatic neither is it guaranteed. Why starting from the angle of probability when stacking Bitcoin and holding makes things easier and gives higher chances that you will not end up in regrets? This is why I support the post that starting with trading or shitcoin is not the best way.

[pawanjain]

Some people think that bitcoin is too expensive now that it has already crossed $100k.
But they should know that they need not necessarily hold a whole bitcoin and go ahead buying bitcoin in decimal.

Some go for altcoins but to be frank, altcoins these days do no yield profits as they did previously.
Bitcoin has been performing well since the institutions have got in and started accumulating more bitcoin.

[Cookdata]

Although some newbies do more listening than acting, not every newbie started by trading shitcoin, few newbies do the investment but the problem is that they don't have patience to hold further long term. However I think it's based on their misconceptions. If most of them have a better misconception I'm sure that they will do investment and hold it for long. I think the most terrible newbies are the ones that actually thinks that they know it all. But those type of newbies you just stay put, because when they lose they come back to you for more hints.

99% of newbie traders most often trade shitcoins and you know why, when you see a new person in the next block that is stating trading, if you ask him why he is trading, he is going to tell you that he is trading because he saw opportunities in many coins and trying to utilized it to make money, only few have it in the mind to be a real traders and for that reason, they are likely to start trading rubbish coins that are of no value to anything to cryptocurrency.

It's very difficult to see newbies avoid it, the plot twist about shitcoins is that the smart traders or the one with the experience will do there thing and hype it and when they hit their trailing profit they exit their trade and leave them hanging, the ones that are smart will take their loss and move on while the ones that are not will be hanging around thinking there is more time for the market to move, they stay there and become bag holders forever and later quit trading completely, that's how many newbies behave with trading.

[lionheart78]

99% of newbie traders most often trade shitcoins and you know why, when you see a new person in the next block that is stating trading, if you ask him why he is trading, he is going to tell you that he is trading because he saw opportunities in many coins and trying to utilized it to make money, only few have it in the mind to be a real traders and for that reason, they are likely to start trading rubbish coins that are of no value to anything to cryptocurrency.

I wonder what is wrong in getting profit from trading shitcoins?  I think it is fine as long as people know what they are doing.  It would only turn into a disaster if they think that trading shitcoins is like trading Bitcoins.

Although it is really risky to trade such a token, if one finds a gem out of this rubbish shitcoin, he will possibly earn a huge profit.  Many altcoin lovers in this forum had somehow experienced such a thing where their stash multiplied by thousands of times, in their shitcoins trading experience, I am one of these people, and also one of those who ends up bag-holding worthless shitcoins. The only thing here is to know when to take a profit.  Just don't ever think of bagholding shitcoins for future profit they are mostly short-lived.

Despite the positive experience in trading shitcoins, I also suggest newbies not to start their trading journey with shitcoins.  It is far more complicated/risky than just trading Bitcoins.

[Ever-young]

Although some newbies do more listening than acting, not every newbie started by trading shitcoin, few newbies do the investment but the problem is that they don't have patience to hold further long term. However I think it's based on their misconceptions. If most of them have a better misconception I'm sure that they will do investment and hold it for long. I think the most terrible newbies are the ones that actually thinks that they know it all. But those type of newbies you just stay put, because when they lose they come back to you for more hints.

Misconceptions which comes from miscommunication is actually one of the thing that put some newbies in that track some of them might actually be able to invest in few shitcoins and Altcoins and be ready to hold it for long, but the problem is they invest their money on the wrong thing which it’s not even worth to be hold for short period of time, some believe in fast growth project base on the hype they read about them instead of making proper research just as some of them will believe to know it all they will end up chasing scam project they believe can give them 1000 X which they will see quite the opposite.

[Hedis]

Honestly I think this is something more people need to hear when they’re first starting out. So many become fooled by the excitement and join in thinking crypto is a shortcut to wealth. They chase pumps without comprehending the risks. Trading sounds straightforward until emotions take over and losses start stacking up and sure the fascination with cheap altcoins just because they appear like the next great thing often ends in disappointment. I’m not opposed taking little calculated risks but bitcoin should always remain the foundation and It has shown itself over time, Patience definitely is the key in this space.

[Nwada001]

If you have time to remind and tell them, then do it before they get into trouble with their choices. But if after you give them advice but they still insist on their choice to trade shitcoin, then let them get their own experience.

If those you try to advise give you a listening ear, it will be easy to communicate with them, but if they are proven stubborn, I don't even waste a single bit of energy on such a set of people. As there is how you might want to advise them, instead of them seeing the good you are trying to give them, they will consider you to be someone who doesn't want their

[JiiBs]

If you have time to remind and tell them, then do it before they get into trouble with their choices. But if after you give them advice but they still insist on their choice to trade shitcoin, then let them get their own experience.

If those you try to advise give you a listening ear, it will be easy to communicate with them, but if they are proven stubborn, I don't even waste a single bit of energy on such a set of people.

When the mind of a person is already prepared to not be receptive of what is being offered, they would find reasons to never see meaning in what you are saying, the best you would do for yourself is let them be and maybe discover some things themselves. It would save you a great deal of time that you can invest some place else.

Even then, I think there is a chance they could learn something from those trading or shitcoins if they want to. Since it’s a lose associated investment, they might learn to be accustomed to loses and when they eventually find Bitcoin, they would realize how much time and resource they’ve wasted over the years.

[avp2306]

If you have time to remind and tell them, then do it before they get into trouble with their choices. But if after you give them advice but they still insist on their choice to trade shitcoin, then let them get their own experience.

If those you try to advise give you a listening ear, it will be easy to communicate with them, but if they are proven stubborn, I don't even waste a single bit of energy on such a set of people. As there is how you might want to advise them, instead of them seeing the good you are trying to give them, they will consider you to be someone who doesn't want their

With those situation we better choose those people we are trying to share those good information about crypto. Since if they are not really interested and we keep talking or discussing about this to them for sure that our efforts will just get wasted because those people is not listening to us.

If they want to learn on other way then better let them experience the worse since there are type of people that they want to try things then learn from bad or good experiences they encounter.

That's the reason I don't talk much about it since aside that I am protecting my privacy and safety. I don't want to waste my time to those guys who didn't listen to our advices provided to them.

[Bd officer]

It is true that newbies think that it is possible to get rich quickly from crypto, but those who choose Shitcoin to get rich quickly end up losing money instead of getting rich. Those who think that Bitcoin is expensive do not have the right idea about Bitcoin, because the price of Bitcoin will not remain stable, of course in the future the price of Bitcoin will exceed millions of dollars. So those who think that Bitcoin is expensive are wrong. And in the future no currency will be like Bitcoin, Bitcoin is the king of cryptocurrencies. Newbies should stay away from trading and should not invest in risky coins like Shitcoin, because Shitcoin is very risky. So newbies should invest in reliable coins like Bitcoin with a long-term plan. Now those who think Bitcoin is expensive can deposit Bitcoin using the DCA method.

[blackberrman]

Trading, which involves a lot of risk, can result in losing all your money and you can make a profit, but if you invest in Bitcoin, if you want to increase your knowledge, then it is definitely good to know about the history of Bitcoin because it will encourage you to invest in Bitcoin and make Bitcoin long-term, which will definitely not disappoint you, because those who invested in Bitcoin a long time ago have currently made huge profits, and many have invested and held Bitcoin for a long time to sell it at a higher price, Bitcoin also has risks, but you should refrain from panicking,