Don't invest the money that you Don't have, to invest in something that you don't understand, make some research first.
A mistake like this happens in real life. There were investors in the past that commit to investing in cryptocurrencies without knowing what it is all about and how volatile they are. They have heard that some people earned decent money on it and they started to have a thought of it that they can earn do by just buying it and no need to understand the underlying concepts of cryptocurrencies, mostly for bitcoin. They invest in emotion that they have whenever they've heard about those success stories of those people that have invested earlier than them in bitcoin and that's the reason why they're eager to earn more of quick profit without understanding what they do. 
Topic: A few thoughts, if you are starting today, these tips can be very valuable (Read 209 times)
May 01, 2020, 10:43:47 AM
May 01, 2020, 09:53:06 AM
The most important thing in my opinion is the first point. Really right, it is to invest your own free assets. There are many examples when people invest money taken on credit. And now they are paying large percentages without receiving the expected golden mountains. There are a lot of fraudsters at every step and you need to think very carefully before investing in dubious projects.
Never invest more than you can afford to lose. Crypto investment has no guarantee that you will make profits all the time, but expect that you will lose your money most of the time particularly if you're still a beginner. And when you think of investing, make a good research first on the coin or the project which you think have their potentials. May 01, 2020, 09:41:36 AM
The most important thing in my opinion is the first point. Really right, it is to invest your own free assets. There are many examples when people invest money taken on credit. And now they are paying large percentages without receiving the expected golden mountains. There are a lot of fraudsters at every step and you need to think very carefully before investing in dubious projects.
May 01, 2020, 09:37:21 AM
Well, thanks for sharing mate, But this is not the first time that I was seeing a warning OP like this. In my opinion, it makes sense that before you invest in cryptocurrency-related investment, It's better to keep in mind that it was a risky type of investment, and anytime you could lose some of your hard-earned money if you didn't do the right thing. In that case, everyone should always ready whatever happens next.
May 01, 2020, 07:09:34 AM
Don't sell something to buy something else. If you need to do this, it is because you have no money at the moment.
- Only invest the money you can afford to lose.
Don't invest the money that you Don't have, to invest in something that you don't understand, make some research first.
Don't put the children's milk money, use your beer money;
- If you use essential funds to do that I think you are not prepared.
There is no guaranteed return. If it exists, it violates the basic risk x return rule and possibly you are dealing with some level of scam;
- If you find something like this: "Send 0.1 BTC and receive 0.2BTC back" stay away, It's a scam.
It is impossible to extract fixed income from variable assets. If something is telling you that it is possible, it is trying to reach into your pocket;
- A lot of pyramids schemes promises guaranteed profit, this doesn't exist in the crypto world, all returns/losses are variable.
There is no quick way to get rich, what exists is the perception of an opportunity that if perceived late, can make you lose or gain less than expected, costing time, health and maybe a safety guarantee.
Bitcoin is a protocol that enables the existence of a distributed registry and its validation in a decentralized way, representing an alternative to the traditional financial system that uses intermediaries. It means that there is no need for banks to carry out transactions.
If you do not understand what the absence of intermediaries represents, I recommend that you return two houses before investing.
Cryptocurrency is a decentralized(most of the times) money that uses blockchain technology and cryptography to ensure the validity of transactions and the creation of new currency units. Bitcoin is the first decentralized cryptocurrency, was created in 2009 by a user who used the pseudonym Satoshi Nakamoto.
This is just some personals thoughts, there is a lot of things we learn with the time, but for me those are the first principles of any kind of investment.[/list][/list]
May 01, 2020, 06:05:37 AM
I still have few people in my street holding altcoins since 2018, I'm glad I switched to Bitcoin, stop advising people not to sell a coin for another, while Bitcoin is growing up and dumping hard I've make good money, learn to take profits instead of holding
One should stay invested in btc and some for the best altcoins as well I would suggest whenever market dumps them as it is available at discounted rates. This crypto at times jumps very quickly and people can easily make money from it if holding for the short term a swell. Though we need to have a holding capacity as some time it may take year to get our price as well. So only invest the ones which can be hold for longer time if need be or ready to accept some loses as well form it.
May 01, 2020, 06:02:09 AM
1. Don't invest in ICO projects anymore, they aren't attractive to investors again, most are scam and projects using ICO can take several years to complete fund raising
2. IEO is the best choice now, buy still dangerous on small exchanges, you want success? Go for IEO projects that pick top exchanges only
After countless scam using ICO projects, IEO was born. There are some IEO that tend to be a scam after the projects regained the trust of investors by having a crowd sale on an exchange but nothing changed. IEO projects today have a lot of risk in terms of investments especially if an IEO is offered on a small exchange. So most of the serious projects go to big exchanges like Binance to gather more trust and participation to investors out there. I think it's better to be safe investing in an IEO that is on a big exchange.2. IEO is the best choice now, buy still dangerous on small exchanges, you want success? Go for IEO projects that pick top exchanges only
With the rise of IEOs, every exchange, big or small can launch their own IEOs now. However, it becomes like ICOs already especially if the IEO is held in a substandard exchange. What I was trying to say is, scammers can still operate even with IEO launchpad requirements. There is still no assurance that the token or coin will perform better after the IEO. And the usual fate of ICO like losing its value significantly is experienced also with these IEO projects. The only difference is that they have sure exchange after their sale. Abandoning the project is also quite easy even with IEO projects.
May 01, 2020, 05:54:59 AM
Good read and for sure, newbies will know more and gain knowledge on how to invest earn and be wise in this industry, I have seen a lot of people being blinded because of a lot of return from traders saying getting a lot of profit but in the end, they were scammed and with that, it will have a negative impact in cryptospace.
May 01, 2020, 04:50:54 AM
1. Don't invest in ICO projects anymore, they aren't attractive to investors again, most are scam and projects using ICO can take several years to complete fund raising
2. IEO is the best choice now, buy still dangerous on small exchanges, you want success? Go for IEO projects that pick top exchanges only
After countless scam using ICO projects, IEO was born. There are some IEO that tend to be a scam after the projects regained the trust of investors by having a crowd sale on an exchange but nothing changed. IEO projects today have a lot of risk in terms of investments especially if an IEO is offered on a small exchange. So most of the serious projects go to big exchanges like Binance to gather more trust and participation to investors out there. I think it's better to be safe investing in an IEO that is on a big exchange. 2. IEO is the best choice now, buy still dangerous on small exchanges, you want success? Go for IEO projects that pick top exchanges only
May 01, 2020, 04:47:49 AM
I still have few people in my street holding altcoins since 2018, I'm glad I switched to Bitcoin, stop advising people not to sell a coin for another, while Bitcoin is growing up and dumping hard I've make good money, learn to take profits instead of holding
Very extraordinary, it seems like you are a very hardworking person and always be patient with anything, I agree with your statement that we must stop advising others when it comes to selling coins, because they also have the brain to think about themselves. May 01, 2020, 04:23:47 AM
I still have few people in my street holding altcoins since 2018, I'm glad I switched to Bitcoin, stop advising people not to sell a coin for another, while Bitcoin is growing up and dumping hard I've make good money, learn to take profits instead of holding
May 01, 2020, 04:21:20 AM
1. Don't invest in ICO projects anymore, they aren't attractive to investors again, most are scam and projects using ICO can take several years to complete fund raising
2. IEO is the best choice now, buy still dangerous on small exchanges, you want success? Go for IEO projects that pick top exchanges only
both of them promise to pay everything in time and to be up-and-coming, but at the end of the day you do reposts, you fill in personal information and they're gone2. IEO is the best choice now, buy still dangerous on small exchanges, you want success? Go for IEO projects that pick top exchanges only
it is a loss so I don't invest or participate in any activity with young ICO/IEO projects
May 01, 2020, 02:56:25 AM
1. Don't invest in ICO projects anymore, they aren't attractive to investors again, most are scam and projects using ICO can take several years to complete fund raising
2. IEO is the best choice now, buy still dangerous on small exchanges, you want success? Go for IEO projects that pick top exchanges only
2. IEO is the best choice now, buy still dangerous on small exchanges, you want success? Go for IEO projects that pick top exchanges only
May 01, 2020, 02:23:29 AM
all the important points you have already mentioned and the newbie should read this thread to understand more about investing in crypto and not assume that crypto is a place to get rich quickly
May 01, 2020, 02:07:39 AM
You have done a good job to caution everyone both newbies and oldbies that are not aware of these. Also anyone using telegram should be careful of scammers that come with huge returns for Investment.
May 01, 2020, 01:48:49 AM
Thanks for the advice however you are missing the new project scams, ICO and IEO, newbies deserve to know that some scammers will trick you into believing that they are real, as for IEO do not join if they are going on small exchanges, if you don't see binance, Okex, huobi, bitmax, gate, bithumb, kucoin, upbit, etc please stay away
May 01, 2020, 01:46:16 AM
I don't think it is bad to sell something to buy something else. We are in cryptocurrency industry. We can actually do that. Sell hold coins to buy other coins or to further add coins from that profit we had so we can maximize profits.
Those tips is helpful, i agree some of the tips above. I just want to add that in crypto investments, it is significant to set a goal, let's say a target profit. Learn how to manage portfolio.
Those tips is helpful, i agree some of the tips above. I just want to add that in crypto investments, it is significant to set a goal, let's say a target profit. Learn how to manage portfolio.
May 01, 2020, 12:21:00 AM
Thanks for the advise
also you can add caution about the IEO participation. Dont let them invest on random projects that are being launch on proven scam or cheating exchanges. There were manipulations on results of these IEOs on ChainX, P2pb2b, vindax and systemkoin. Its really good to join IEO but only those trusted one like Binance can be trusted to have a clean way of lottery. You can see demand during their last project held cartesi, only 4% chance for everyone to win so its really overwhelming.
I think most of your guide has been noted already here as it keep being warned by a lots of users here. But thanks for the effort.
also you can add caution about the IEO participation. Dont let them invest on random projects that are being launch on proven scam or cheating exchanges. There were manipulations on results of these IEOs on ChainX, P2pb2b, vindax and systemkoin. Its really good to join IEO but only those trusted one like Binance can be trusted to have a clean way of lottery. You can see demand during their last project held cartesi, only 4% chance for everyone to win so its really overwhelming.
I think most of your guide has been noted already here as it keep being warned by a lots of users here. But thanks for the effort.
True, It's not a full list, Just a few things that everyone should know when start, I saw a lot of people falling in scams schemes, It's good to remember people about that, stay safe.
May 01, 2020, 12:18:54 AM
Thanks for the advise
also you can add caution about the IEO participation. Dont let them invest on random projects that are being launch on proven scam or cheating exchanges. There were manipulations on results of these IEOs on ChainX, P2pb2b, vindax and systemkoin. Its really good to join IEO but only those trusted one like Binance can be trusted to have a clean way of lottery. You can see demand during their last project held cartesi, only 4% chance for everyone to win so its really overwhelming.
I think most of your guide has been noted already here as it keep being warned by a lots of users here. But thanks for the effort.
also you can add caution about the IEO participation. Dont let them invest on random projects that are being launch on proven scam or cheating exchanges. There were manipulations on results of these IEOs on ChainX, P2pb2b, vindax and systemkoin. Its really good to join IEO but only those trusted one like Binance can be trusted to have a clean way of lottery. You can see demand during their last project held cartesi, only 4% chance for everyone to win so its really overwhelming.
I think most of your guide has been noted already here as it keep being warned by a lots of users here. But thanks for the effort.
April 30, 2020, 11:03:22 PM
Don't sell something to buy something else. If you need to do this, it is because you have no money at the moment.
- Only invest the money you can afford to lose.
Don't invest the money that you Don't have, to invest in something that you don't understand, make some research first.
Don't put the children's milk money, use your beer money;
- If you use essential funds to do that I think you are not prepared.
There is no guaranteed return. If it exists, it violates the basic risk x return rule and possibly you are dealing with some level of scam;
- If you find something like this: "Send 0.1 BTC and receive 0.2BTC back" stay away, It's a scam.
It is impossible to extract fixed income from variable assets. If something is telling you that it is possible, it is trying to reach into your pocket;
- A lot of pyramids schemes promises guaranteed profit, this doesn't exist in the crypto world, all returns/losses are variable.
There is no quick way to get rich, what exists is the perception of an opportunity that if perceived late, can make you lose or gain less than expected, costing time, health and maybe a safety guarantee.
Bitcoin is a protocol that enables the existence of a distributed registry and its validation in a decentralized way, representing an alternative to the traditional financial system that uses intermediaries. It means that there is no need for banks to carry out transactions.
If you do not understand what the absence of intermediaries represents, I recommend that you return two houses before investing.
Cryptocurrency is a decentralized(most of the times) money that uses blockchain technology and cryptography to ensure the validity of transactions and the creation of new currency units. Bitcoin is the first decentralized cryptocurrency, was created in 2009 by a user who used the pseudonym Satoshi Nakamoto.
This is just some personals thoughts, there is a lot of things we learn with the time, but for me those are the first principles of any kind of investment.[/list][/list]
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