Topic: Another Reminder for New Investors (Read 504 times)

I think with this alone newbies should know that it is better to learn from others mistakes as lessons than learning from their own mistake which could be costly and beyond bearable limit, i hardly see a newbie making complaints for loss of assets with their bitcoin investment except if the fault is coming out from their end.


This is the exact thing that many people missed out about bitcoin, whenever you made an investment with time it will always yield returns even amidst ups and downs in bitcoin price but altcoins serve the reverse in it's case, they decreases with time instead of increasing, there's no way you can compare altcoins with bitcoin because in alts, only few were alts in deed while many are shitcoins


You're right, it is exactly as if not bitcoin then no other, that's why many opted in for CBDC and tokens because they never realized the particular needs of the people to be bitcoin alone and ever since then, no any other form of currency have succeeded the milestone of bitcoin achievements just within it thirteen years been onboard.

My experience has taught me the value of only depositing money in Bitcoin. I currently own a number of altcoins that I purchased last year. While their performance last year was very convincing, their value today is less than 90% of what I invested.
Even though I still own a small number of satoshis, I really regret the choice I made last year to sell bitcoin and purchase that shitcoin. However, I am unable to sell it because doing so would cause irreparable losses. The important lesson I took away from this experience is that the world just wants bitcoins; it doesn't really care about a few altcoins.

The scam there start with the potential profits they were promised to invest on altcoins, this is the first attractive lure to get on newbies whenever they hear about big yielding return, but it has been said several times that if a project is too real to be true, then it's probably notbsafe to invest with because literally no one will boost away money just to satisfy others and later ended up giving them that same huge amount just for return within ba very short time, except by scam, some will even be decieved that others have made it through with altcoins but they will never tell them the tiny chance involved with high risk altogether, just few scale through out of thousands investing.

Yes, you are actually right about this and i have no doubt about it,  just in the case of "Terra luna,  Squadgame tokens" and many other scam coins that have died in the past. But the sad thing is that most people will still choose a variety of altcoins to Bitcoin investment, simply because it has the potential of yielding huge gain within a short period of time,  likewise, so can it also fall in price within that same short period of time, unlike Bitcoin whose gain is gradual and consistent when it comes to long term.

The most times people go wrong with bitcoin at the moment is closing when to withdraw. Bitcoin over the years have prove to be a coin that offers some assurances as it is the truly decentralized coin and through the rise and falls of the bullish and bearish market, it never stays down. Always finds another all time high when the halving comes and keeps appreciating.

Where it gets questionable is how long you are willing or ready to wait. Patience is what stands between you and loses. The market would rally against you but, having the patience, it's sure to rally back in your favour.

That goes for buying and holding as an investment though. You don't need much experience to do that. Just note the breaking and bullish market, buy and apply patience then your good.

At the end of 2017, I made a mistake like many others, and at a time when many altcoins were skyrocketing, I decided to sell some of my bitcoins and invest in some promising altcoins. Needless to say, I lost almost everything on those altcoins. The value of my bitcoins fell too, of course, but bitcoins recovered over time while altcoins never recovered. Lesson learned.
After that experience, I mainly invest in bitcoins, and only rarely, if a project particularly intrigues me, in an altcoin.
It's really good to warn new and young investors about the high risk of altcoins and the relative stability of bitcoin over a long period of time.

This is on the point that one shitcoin which don't have any utility to holders how come can survive in the long run and what factors will boost up it's demand giving return to holders in from of price boost? There are almost more then 18k altcoins or say shitcoins trading in the market but most of them are only pump dump schems by the founder of those coins.What actually they do is paid some social media influencer who is giving tips to these coins and make the coins price boost with fake volumes and when people start investing they dump the coins along with those fake shillers making millions out of your pocket.There was very detailed thread about such conditions on twitter which I have seen in which they tell how a youtuber was dumping coins by first making people invest in them and was paid actors through those shitcoins creators.

They simply create tokens with ERC-20 standards mostly or any other chain and will ask people to invest in it with lucrative offers and fake promises just to make money and people under the influence of others invest in them without even understanding what's going on at the back.So they need to realise this reality that altcoin with zero utility are waste of time and money.

Only BTC for the long term hodl is the best alternative with them but you see they get panic with normal corrections also and sell at loss also having disbelief in bitcoin but they need to know these types of charts that bitcoin is still the best option to them.

I was really disappointed with how the chart showed us. Instead, we think about the growing adoption because the crypto market has been growing but too unfortunate that scam projects are also growing wild taking advantage of these new investors that have little knowledge about crypto. I'd see how terrible it was and I was expecting a huge change in the market image due to scam altcoins that flooded the market.

I suggest new investors to choose Bitcoin while still familiarizing the market for the safe keep and not to fall into wrong investment.

This is a good strategy, most of my portfolio consists of bitcoin and this is a long-term investment. But I also trade from time to time, and it can be altcoins that I follow all the time. These are mostly short-term deals, sometimes (but rarely) medium-term. If the deal is profitable, then I buy bitcoin with the profit and this bitcoin goes into my portfolio for a long-term investment.

Since I constantly monitor altcoins, there is always a temptation for me to trade for profit. But since I trade for a small amount, such trading does not carry big risks for me. Perhaps I trade only because I like the process itself, since I do not receive large profits from trading.

Whether people like it or not, Ethereum is the 2nd most popular crypto out there and it's been so for a long time. Still, everyone should be careful when it comes to diversification. We often hear the saying "don't put all your eggs in one basket", but that doesn't mean go out and purchase random coins just for the sake of diversification. Bitcoin determines the trend for the entire cryptocurrency market. If it falls, all other assets fall with it, and if it rises, so do altcoins. A widely diversified portfolio doesn't do you much good when the times are bad because all your coins will be in red.

When we talk about diversification, the idea is to invest in different assets outside of the crypto niche. Precious metals, oil, stocks, real estate, start ups, etc. 

I have learned this a hard way, a lot of alts gave me lotta gains but I kept holding them until they all went to zero. Now, I hold regrets 

Unfortunately, this is true, although we tried to ensure ourselves that our altcoins still have chances in the next bullish era to rise up and at least bring back the capital, seeing how the performance of the project, how the condition of the altcoins so far, it seems very uncertain and probably will be failed ad replaced by the new ones that are more hype.
In altcoins, we cannot deny the power of "hype" that will bring very big profits for those who really know how to manage and take it.
But if we can't, altcoins will be only garbages, more holding, much worse 
I know that there may be some top altcoins that can still survive, but exactly it is a very small chance to be able to rise up and grow again. What about others? Some may be still able to survive but cannot surpass again the previous ATH.

For me it is best to separate the trading and a valuable an long term holding. sometimes I do both depending on the market conditions. But if I want to diversify my portfolio effectively and want to hold the coins for a long time then I tend to choose Bitcoin and Ethereum. Investing in altcoins may seem enticing from a purely financial perspective, but if you're looking for a long-term investment, it's important to understand what each altcoin aims to do and how they plan on achieving it. The technology behind these currencies may be revolutionary, but it still needs refinement before it can be considered a viable alternative to established and proven cryptocurrencies. While some may promise great returns, others may fail miserably and leave you with nothing but regret. This is why I don't advise altcoin investment; it's just too risky and unpredictable. Who knows, maybe someday Bitcoin itself will crash, but that seems unlikely. So investors should stick with Bitcoin as it is much safer compared to altcoins.

Why i won't advice altcoin investment is because humans are full of uncontrolled greed. When the get some profit that is good enough to satisfy we tend to want more. Bitcoin is far more preferred not just because it is good for a long term investment plan but also because it safer and less risky compared to most altcoins that crash and never rise again.

Pre-sale launching is a good time to take advantage of a new coin but what if it fails to launch or what if it takes longer time. Everything about crypto is risky while we target pre-sale for new coins applying risk management will have to come in handy something that isn't needed with Bitcoin investment as long it's on a long term plan

Of course I totally agree on this one, but either way people shouldn't think this is financial advice. They have to be concerned about risk even if you and I can convince them based on the facts about bitcoin, so they have to be wise to themselves and their investment choices.

No, some people want to bet on shitcoins in the short term and take profit of it. Some altcoins are good for staying competitive in the crypto market in the long term, but shitcoins are not.

It is unfortunate that so many people, especially beginners, continue to rely on altcoins. Before this time, there were many coins, but all of them are now dead and possibly in the zombie zone, where they can no longer be found. Before I joined this forum, I remember hearing a lot about bitcoin and other coins that people claim are just as valuable as bitcoin.

I'm glad I found myself here before investing in any cryptocurrencies since I probably would have chosen other worthless coins instead of bitcoin because they are so cheap and simple to buy. But after acquiring enough knowledge here, I wouldn't suggest anyone to buy in anything other than bitcoin, which never loses value over the long term regardless of market conditions ~ 1BTC=1BTC.

It is worth knowing that a lot of them aren't actually "victims" but simple gamblers who knowingly make "bets" on these shitcoins hoping to make a profit. It is just like using a dice site to roll and try their luck except that you don't lose all your money if you get unlucky.

I think the reason here is very simple, they see how some altcoins show growth of 50% or even 100% from time to time. And when you have a very small deposit, then wants to quickly increase it in order to eventually buy as much bitcoin as possible. But unfortunately, for many reasons, primarily because of the inability to trade good, they buy altcoins, the price falls and no one wants to sell at a loss. Thus, they become eternal holders with the hope that someday the price of their altcoins will rise again and they will at least be able to return the money invested. Once I was a beginner myself, I understand why this happens, but in this way they gain invaluable experience, without which it will not be possible to move on. Nobody wants to learn from other people's mistakes, you need to step on your own rake, only in this way the lesson will be learned.

No matter how many reminders (another or other) are given to new investors, they will still continue to buy shitcoins. Your topic is not the first and not the last. It seems that every beginner must personally experience the fact that his altcoins in the portfolio turn into candy wrappers and empty shells in order to realize the features of shitcoins. Most of them will ignore this topic and the discussion in it, unfortunately.

Sooner or later, all crypto investors will still come to bitcoin, to the realization of its value and reliability. The question is what will be the individual losses of each of them (as a result of stupid investment in shitcoins).

Exactly, I did a research on BinanceLab once and discovered their involvement in most of the pumped coins on Binance exchange. This big Vc are getting into project in their early stages at very low price that even though the pump (price) got exploded they'll still be profitable when they're cashing out while the retail investors surfer. After their investment in this project, they begin hyping it through their different medium they're incharge of especially by the so called influencers. You begin to see them start taking about the project on their podcast, twitter feeds, YouTube (social media) etc.

Project like Solana shoudn't even be exiting, I mean have many times has that blockchain stopped working yet it still get hyped and more money are been pour into the ecosystem. Most newbies coming into the space gets attract by this influencers with their catchy tagline of an easy 10x or even 100x etc. Sometimes I don't even balme the victims as they aren't enlightened and just losts in the space.