[The reality check] : What do newbies need to hear today?

[m2017]

There is so much noise on social media right now, and a lot of beginners are coming into crypto with wrong expectations and dangerous FOMO.

Then, before starting to invest, beginners should form the right expectations and set achievable goals.

How and where to do this? Search this forum for information.

Tell me: If a complete newbie joins the forum today with $100, what is the #1 brutal truth they need to hear to survive the noise and avoid 99% of the scams?

If you want to invest (your 100$), then buy bitcoin (ignore everything else).

Over time, as you gain experience, you might be able to expand your investment portfolio.

[d5000]

Brutal truths I think are useful:

- There is nothing guaranteed. Not even the positive Bitcoin long term trend.
- There is no such a thing like pre-programmed scarcity. Scarcity is determined by supply and demand. If Bitcoin isn't adopted by the people, it will go to zero, even if the 21 million limit stays in place.
- Bitcoin is a social system. The way the community communicates matters. Simply believing that it "can only succeed" is wishful thinking.
- 99% of all altcoins are borderline or outright scams, including some of the top 10. They are created to enrich their founders. Check the tokenomics (and don't be surprised by the extremely high number of coins the founders reserved for themselves).
- If an altcoin project claims it solved a technological problem - most of the time other altcoins and even Bitcoin can adopt that solution as well.
- NYKNYC. Seriously.

[rat03gopoh]

You won't get rich with $100, but you can expect that $100 to be free from control other than your own.