Crypto space first time mistake

[Gravitypull$]

I know some persons might not fall into this trap for the first time they heard about crypto but most would have. Most newbies with the excitement of hearing something new and want to learn and be part of a community venture into it with the mindset of seeing how they can make money from it rush into buy shitcoin believing that's the right path and they will be happy with their actions.

 This is because they don't take their time to make research and ask questions about bitcoin. It's not that they haven't heard about bitcoin but ignorant made them believe that any coin can give them profit. Don't believe everything you see on social media and what these influencers are saying make sure you do your research to avoid buying empty promises and end up in big losses.

Bitcoin was created without any selfish purpose unlike most of these shitcoins, and that alone shows that Satoshi created it out of his good heart to help us sustain our hard earned money without anyone knowing and if you are using it for payment, it's smooth without any bustop but straight to the receiver wallet. He has seen that centralized systems like the government are bullies which is why he (Satoshi) decide to save us from their hands. It's left for you to save yourself from them because they wouldn't stop to do everything to invade your privacy in order to control you.

What's your opinion.

[I_Anime]

Many has the mentality of bitcoin been too expensive and stuff, I won't blame I once think that way too . This is usually cause by lack of proper information. That's why it won't k*LL to sit right and start researching, because all the information you need are already in the internet waiting to be accessed.

Having that mindset make them to always feel excited whenever they see a low value shitcoin been hype or called the next bitcoin. Making most of them to believe that , same shitcoin will one day turn out to have swne value as bitcoin  . The only way to avoid such mistakes is by exposing ourselves to the right knowledge and information. Instead of chasing hype focus on solid project with lesser risk to invest in .

[uchegod-21]

Having that mindset make them to always feel excited whenever they see a low value shitcoin been hype or called the next bitcoin. Making most of them to believe that , same shitcoin will one day turn out to have swne value as bitcoin.

I am not surprised. I had this experience yesterday. I used to see this man who always tries to introduce me to crypto (I did not let him know that I invest in bitcoin). Just yesterday, I decided to give him my time and the benefit of the doubt. He talked so well about Pi Coin and, shockingly to me, he said Pi Coin is a universal currency that will soon take over the world. I asked, "What about Bitcoin?" He said Bitcoin is second to Pi, but the greatest is Pi.

That brief conversation made me realise that many people are making a big mistake because of misinformation, and they are not bothered about doing research to enlighten themselves further and, if for nothing else, get updates on the latest trends.

It is sad that in 2026, people still believe in shitcoins over bitcoin.

[lionheart78]

What's your opinion.

I think the mistakes made in crypto space all go down to greed, impatience, and stubbornness.  People who choose shitcoin instead of the proven cryptocurrency wanted to have a shortcut, and can't let go of the too good to be true promises.  Even though it is obvious that all are traps, because of their greed and stubbornmess, they ignore all those red flags and invest.

It is sad that in 2026, people still believe in shitcoins over bitcoin.

Not all who invest on shitcoins think that way, I think some just wanted to gamble because of the word, "what if".

[hmbdofficial]

Many has the mentality of bitcoin been too expensive and stuff, I won't blame I once think that way too . This is usually cause by lack of proper information. That's why it won't k*LL to sit right and start researching, because all the information you need are already in the internet waiting to be accessed.

Having that mindset make them to always feel excited whenever they see a low value shitcoin been hype or called the next bitcoin. Making most of them to believe that , same shitcoin will one day turn out to have swne value as bitcoin  . The only way to avoid such mistakes is by exposing ourselves to the right knowledge and information. Instead of chasing hype focus on solid project with lesser risk to invest in .

Honestly the space can be dangerous if you have limited information and small resources, you’re tied to think about what will really work in favour of your small amount. So you might want to try out the shit coins, no lies I was a victim of those pump and dump coins, but after a while in the space I left it for good and embraced bitcoin not looking at it from it price perspective again but rather from an investment perspective and stared DCAing with my small amount and that has really shaped me a lot.

[MarryWithBTC]

I know some persons might not fall into this trap for the first time they heard about crypto but most would have. Most newbies with the excitement of hearing something new and want to learn and be part of a community venture into it with the mindset of seeing how they can make money from it rush into buy shitcoin believing that's the right path and they will be happy with their actions.

This happens when they don't get an accurate infomation. Social media altcoins and shitcoins hype is where they get crypto information from. So, you don't blame them when they were heavily influenced by an influencer. The magic stories they were told remains with them until they buy nonsense coins and learn from their mistakes.

...It's not that they haven't heard about bitcoin but ignorant made them believe that any coin can give them profit.

Any coin can actually give profits, the question is to what extent and when loses come, to what magnitude? Any coin can give profits, but some coins can wreck people.

[AVE5]

I know some persons might not fall into this trap for the first time they heard about crypto but most would have. Most newbies with the excitement of hearing something new and want to learn and be part of a community venture into it with the mindset of seeing how they can make money from it rush into buy shitcoin believing that's the right path and they will be happy with their actions.

It usually ends in condolences for most newbies who buys the Alt Coins because, they finds it difficult to meet up the criterias that let crypto user's with good knowledge to be able of identifying potential and reliable Alt Coins.
It's also no more news that lot of those newbies haven to invest in the Alt Coins regrets after their ignorant had caused them buying the shit coins while in their expectations was meant to invest in bitcoin. Some are also misled by hypes of the coins and greeds while falls into the victim.
But I trust that beginners who're opportuned to be in platform like this are privileged to understand the crypto market with the prior to adopt bitcoin as their primary digital assets while Alt coins could be diversified.

[Emjay24]

This is because they don't take their time to make research and ask questions about bitcoin. It's not that they haven't heard about bitcoin but ignorant made them believe that any coin can give them profit. Don't believe everything you see on social media and what these influencers are saying make sure you do your research to avoid buying empty promises and end up in big losses.

Most of them are greedy and want a coin that does some 120X in 30 minutes. The gambling instincts in most beginners is what sees them loose a lot in crypto. Most see bitcoin as slow to give profits, but they are only thinking of short-term rather than long-term value preservation that comes with investing into bitcoin.

Bitcoin was created without any selfish purpose unlike most of these shitcoins, and that alone shows that Satoshi created it out of his good heart to help us sustain our hard earned money without anyone knowing and if you are using it for payment, it's smooth without any bustop but straight to the receiver wallet. He has seen that centralized systems like the government are bullies which is why he (Satoshi) decide to save us from their hands. It's left for you to save yourself from them because they wouldn't stop to do everything to invade your privacy in order to control you.

What's your opinion.

Let's say bitcoin was created for self-custody and as a response to excessive government control over our finances. Bitcoin came to give people total financial freedom when it was obvious the government has failed to preserve the value of our funds with their monetary policies that saw fiat depreciate on the long-run. Bitcoin also came to remove intermediaries, ensuring transactions are strictly peer-to-peer and making transferring value a trustless and seamless one.

[arwin100]

I know some persons might not fall into this trap for the first time they heard about crypto but most would have. Most newbies with the excitement of hearing something new and want to learn and be part of a community venture into it with the mindset of seeing how they can make money from it rush into buy shitcoin believing that's the right path and they will be happy with their actions.

This happens when they don't get an accurate infomation. Social media altcoins and shitcoins hype is where they get crypto information from. So, you don't blame them when they were heavily influenced by an influencer. The magic stories they were told remains with them until they buy nonsense coins and learn from their mistakes.

The issue starts on where they picked up the information about crypto. If they got it from wrong person or groups, then its somehow expect that these people will commit a mistake on their first crypto purchase.

Majority of us experienced that and what good thing happen in that situation, is we are been redirected to best place on where we could get legit information about crypto.

Experience help us to deal carefully with alts or other investments we want to try.

[MarryWithBTC]

I know some persons might not fall into this trap for the first time they heard about crypto but most would have. Most newbies with the excitement of hearing something new and want to learn and be part of a community venture into it with the mindset of seeing how they can make money from it rush into buy shitcoin believing that's the right path and they will be happy with their actions.

This happens when they don't get an accurate infomation. Social media altcoins and shitcoins hype is where they get crypto information from. So, you don't blame them when they were heavily influenced by an influencer. The magic stories they were told remains with them until they buy nonsense coins and learn from their mistakes.

The issue starts on where they picked up the information about crypto. If they got it from wrong person or groups, then its somehow expect that these people will commit a mistake on their first crypto purchase.

Majority of us experienced that and what good thing happen in that situation, is we are been redirected to best place on where we could get legit information about crypto.

Experience help us to deal carefully with alts or other investments we want to try.

Exactly what I meant, so many newbies first wallet is an exchange wallet, they never knew what a non custodial wallet is until some times in the industry.

Again, in bitcoin there's no referral bonuses. There's actually nothing to gain referring people to bitcoin. This is why most of those guys singing bitcoin praises are actually marketing other shitcoins in the guise of bitcoin in order to deceive unaware newbies.

What we therefore need to do is to continue educating and enlightening people through forums and social media.

[PX-Z]

...
Bitcoin was created without any selfish purpose unlike most of these shitcoins, and that alone shows that Satoshi created it out of his good heart to help us sustain our hard earned money without anyone knowing and if you are using it for payment, it's smooth without any bustop but straight to the receiver wallet. He has seen that centralized systems like the government are bullies which is why he (Satoshi) decide to save us from their hands. It's left for you to save yourself from them because they wouldn't stop to do everything to invade your privacy in order to control you. .

Honestly, we don't know satoshi's true intentions. Bitcoin's design and satoshi's writings suggest a strong interest in decentralization and reducing reliance on trusted financial intermediaries. However, claiming it was created purely out of a good heart is speculation. Remmeber bitcoin doesnt have much value when he left, its roughly $1-2. And

[Popkon6]

Bitcoin was created by planning for the future, people are becoming more and more dependent on technology day by day, so by using this Bitcoin, you can help yourself get more technology. See, this Bitcoin plays the best role in transactions and protects you from being harassed in different places. Because if you enter the bank to make a transaction, then you will have to be subjected to extensive harassment and spend a lot of time, maintain the serial and then complete the transaction, but if you complete the transaction through Bitcoin, then it will be easy.
It is very easy for you to complete the transaction from one end to the other at any time just by connecting to the network. Not only now, inflation has been happening since the past, holding this Bitcoin is the most important thing to protect against inflation and will help you get more benefits. By using Bitcoin, you can save in any way, which is why it is most important to use it and every person needs it.

[Rgram]

What's your opinion.

I think the mistakes made in crypto space all go down to greed, impatience, and stubbornness. People who choose shitcoin instead of the proven cryptocurrency wanted to have a shortcut, and can't let go of the too good to be true promises.

One of the biggest mistakes to me is, cryptocurrency enthusiasts believing that they can find in altcoin the opportunities they missed with Bitcoin. That’s mainly because, everyone believes Bitcoin is over priced right now and you can’t fault them for that, the price is at $86.6k is no small money, neither was the price at ATH around $126k, that’s no small amount.
However, you don’t need to buy a whole Bitcoin but, you can buy in fractions if you want. What wouldn’t find in Altcoin is, the opportunity you missed in Bitcoin. Of course you can always get a lower price but, you wouldn’t find it measuring up with Bitcoin.

[Lida93]

What's your opinion.

I think most mistakes made in the cryptocurrency space  by people both newbies and the oldies is that of wrong information. For the newbies they can be led to lose so much of their funds due to the wrong information they received from the wrong source that I told them about cryptocurrency. Let take a condition where the new guy is told about a shitcoin  that has just pumped from days ago  and he's being told of how he can make huge profit from investing on it for the short time. Mind you, this dude doesn't know any thing of a difference between bitcoin and altcoins, to him all are cryptocurrencies and they're by nature volatile, but what he wasn't told is that some pump and dump staying dead never rising to value again. That's what a mistake from wrong information can do to a newbie mostly.

[kawetsriyanto]

Most newbies with the excitement of hearing something new and want to learn and be part of a community venture into it with the mindset of seeing how they can make money from it rush into buy shitcoin believing that's the right path and they will be happy with their actions.

Newbies who rush buying shitcoins, they may never have the experience of investment. If they have the experience of investment in other field, they shouldn't rush buying shitcoins. They must take a research and only want to buy the safest coins. I'm sure the experienced investors, they will only buy Bitcoin and top altcoins although it is the first time they invested their funds in crypto.

This is because they don't take their time to make research and ask questions about bitcoin. It's not that they haven't heard about bitcoin but ignorant made them believe that any coin can give them profit.

Yep. They probably don't take a research to know the risk of altcoins. So, they buy altcoins over Bitcoin. If they know Bitcoin is the safest crypto, they must choose Bitcoin as their main assets. It is quite unfortunate that many people invest in crypto in a careless way. They aren't aware that crypto is high risk investment, they must choose the safest coins only.

[bhadz]

This is because they don't take their time to make research and ask questions about bitcoin. It's not that they haven't heard about bitcoin but ignorant made them believe that any coin can give them profit. Don't believe everything you see on social media and what these influencers are saying make sure you do your research to avoid buying empty promises and end up in big losses.

They were fed by these fake influencers who want them to shill with the projects that paid them for promotion. And they think about bitcoin as an expensive asset to buy wherein fact that they buy it in fractions and still hold it in the minimal amount that they can afford. In social media, it's full of lies, bias opinion and misinformation. We tell to "verify and not trust" because that trust is fooling a lot of people and not just the newbies but also those who's plenty of experience still fall for those antics that these social media people does.