Topic: Another warning for every NEWBIE! (Read 762 times)

So how can one know when is the right time to be greedy, you know cryptocurrency is unpredictable to know when is the right thing...

Crypto is very risky thing to deal with. There is so much hype that one can become rich after investing in crypto and many newbie makes the mistake of investing without research and they go crazy when they lose it. There are always so many scams when it is money matter. So better safe than sorry.

Investing your savings for coins for me it's not right decision cause if you get scammed all your effort will be lost.  Cause in investing you should take a risk cause the price of Bitcoin is volatile and the movement of the market was not predictable. If you I will invest it's better to invest with your extra money or exist money to prevent regret. But we can not force greed people cause all they want is to get profits in short period of time without studying the coin or the site before taking action and if they will get scammed Regret will be follow.
So we need to be careful study and don't be greedy.

I agree with you on this, it is risky for some one to invest all life savings in bitcoin  and it's crazy to expect much return from an altcoin that has no future or history, greed has been the major reason why people invest all they have with the hope of making huge profit that is gambling, this is not about LUNA, this about the mind set of investors who will always cry when the market doesn't favour them but will never find out the history of a coin before putting iin funds.

A good piece of advise you have given here but many would still not buy into it. Sometimes I wonder why some people refuse to expect that there may be disappointment in the process of investing, cause with such an expectation and in addition to putting a certain amount you can let go if loss will really go a long way in saving many lives from suicidal thoughts.

I little addition to every newbie and others out there is that, don't invest if you are not ready to loss.

Newbies should never resort into suicides whenever their investments are not meeting their expectations. Investments have always its chances to fall, some may take a long time before it falls, while others shut down easily after a week or two. So investors should always be open that not all investments work, and that they should never lose hope and still focus on the positive things that will bound to happen in the future. And always invest on the amount they can afford to lose to avoid life's struggles and miseries in the future.

Investing all the money you have into an altcoin is wrong in so many ways. It's as if you were to take everything you owned and put it on black on roulette. Just let the ball decide. Investing your life savings into Bitcoin is already an awful thing to do, let alone putting everything on an alt. Unfortunately, no matter how many times this is repeated, people will continue to gamble and speculate with money that can destroy their lives and well being.

From the three point raised on short reminder well they are nice but somehow I disagree with you because you’re trying to make those who are brave to take the bull by the horn afraid, life is risk all the person who wants to invest should know about that and the chances before making the move. Everyone does not have the same grace, I might borrow some money to invest and it’s turns out to yield a profit, or I might use my last saving and it worked out good. When you want to have breakthrough, you need to pay some sacrifices and something that worth it.. even Jesus gave his last and only son to gain the world as Christians believe

I know most of us here already knew what happened to $LUNA but for the sake of beginners, I want to reiterate and give a warning about investing and going all in on this market.

I saw a post online in our local group about money investing and he shared his experience their about losing all his life saving money because of $LUNA investment, this is very heart breaking and that guy really want to end his life which I hope he wont do it. This is why I want to list some of the reminders about crypto investment and I hope every beginners here won't do the same mistake.

CRYPTO INVESTING - SHORT REMINDER

1. DON'T USE YOUR SAVINGS FOR YOUR INVESTMENT ACTIVITIES - Use your separate funds if you are going to invest on any market and make sure that you are ready to lose that money because investing is not a guaranteed way to make profit, so have some funds for this.

2. DON'T BORROW MONEY - Many still do the same mistake like this and when the market turns to negative, they are also drowning and the situation will get worst simply because they use the money which is not them. If you want to become profitable, save for your capital first.

3. DON'T BE GREEDY - If you already lose money, you should stop for a while and study again so you can know what's wrong with your strategy and start analyzing again so you can do better next time.

Borrowing money for investment has it's advantages and also greedy isn't that evil like many are saying, been greedy at the right time can yield insane reward, being greedy when others are fearful is the best move in crypto space, that's the time you want to be buying.

Borrowing money can be the worst mistakes in cryptocurrency  that anyone one can make.  Borrowing money to invest in cryptocurrency should be one of things no one should make attempt to do. Invest with all the money that one has is so risky,  then think of Borrowing money from some where else to invest how risky it will . It is better never to trade ot invest when their is no money than to borrow. .

If they have perform research via Luna they would have comprehend it's volatility before investing in them, actually risk ia real provided that cryptocurrency remain in existence, I'm not condemning the fact of investing with cryptocurrency especially in altcoins, but before investing in any altcoins a proper research have to be done perfectly to avoid investment funds not to be useless or waste. Investment is good for coin that is propagating by having a support.

just in the case of Luna, i so much believed many have concluded on their extent of research to be satisfactory before this happened, now its setting in another second wave, yet many will still go for it, taking risk is the whole talks in altcoins which doesn't really worth it.

i really got your point right here but do you know that one cannot over smart those guyz out there behind any project, they go far to an extent to satisfy all your possible research aspect just to satisfy you doubts but yet they have bad intention hidden, you can only make research on what they put online but can we truly read their minda? they will go along way to pump hype, views, rate, market cap, vol. and reviews as part of their manipulations, they will even pump funds beyond reasonable doubts, am not saying that making a research is not advisable but that does not solve the whole problem, just in the case of Luna, i so much believed many have concluded on their extent of research to be satisfactory before this happened, now its setting in another second wave, yet many will still go for it, taking risk is the whole talks in altcoins which doesn't really worth it.

We are not suppose to criticize or laugh at them, even though they did not use their spell money to invest in Luna coin. Many other coins has done what Luna did. The thing is that nobody knows the project that will yield positively before concluding to run investment with a lot of capital, the things i seen that caused this massive lost via new adoption projects, is inability of the investors to research and know the potentiality of the project before investing for long term investment. And in this case of investing via newly launched coin you most not use borrow capital, because of the risk involve on it, because the project never build it's reputation or trust.

1. DON'T USE YOUR SAVINGS FOR YOUR INVESTMENT ACTIVITIES - Use your separate funds if you are going to invest on any market and make sure that you are ready to lose that money because investing is not a guaranteed way to make profit, so have some funds for this.

1. DON'T USE YOUR SAVINGS FOR YOUR INVESTMENT ACTIVITIES -

1. DON'T USE YOUR SAVINGS FOR YOUR INVESTMENT ACTIVITIES - Use your separate funds if you are going to invest on any market and make sure that you are ready to lose that money because investing is not a guaranteed way to make profit, so have some funds for this.

2. DON'T BORROW MONEY - Many still do the same mistake like this and when the market turns to negative, they are also drowning and the situation will get worst simply because they use the money which is not them. If you want to become profitable, save for your capital first.

3. DON'T BE GREEDY - If you already lose money, you should stop for a while and study again so you can know what's wrong with your strategy and start analyzing again so you can do better next time.