Topic: Another warning for every NEWBIE! - page 4. (Read 762 times)

I was thinking it will be a very new and different stories of LUNA. Maybe discussing the recovery strategies like hard fork or many other things. Not the regular crash and suicide we've been hearing.

I'm sorry and at the same time that people invest with all their life savings. Well, it can only be newbies and I did it in my newbie days in crypto. So, the best crusade would be to make newbies learn well before investing.

If you can't use your savings for investment, what is the actual reason for saving in the first time. Just say, don't use all your savings for investment.

You may remain poor in life if you want to have all the monies for your investment. Borrow if you have strategies of paying back.

Well said, too much of everything is not good. Be disciplined and exit when necessary. [/quote]

That is the conclusion of the whole matter, invest what you are able to lose.

permit me to say it this way, don't use "all your savings" on a particular single investment, spread your seeds in other to have a bounty harvest in due time,


this could be the worth scenario, why the rush, what creating a future panic and unrest all to yourself, sometimes attending business seminars and workshops really make some good expositions to how a business model is expected to run, risk to take and the ones not worth it.


i so much admires this part, there's a saying that states "when an elderly man falls down, he looks back to trace and know the cause that led to his fallen" when making investment, failures atimes might have been as a result of greediness to making profits, and when discovered it is better to have a little and steady flow of income no matter how little than a mirage promise of high ROI when normally ended with disappointment.

Since you brought up Luna I thought it was Luna related but you just repeated what everyone else has said a million times. A better warning would have been to avoid centralized altcoins with no purpose such as Luna that try to fool people into thinking that they are useful, stable, offer this and that utility, etc. while they remain useless and their price can dump significantly simply because they have no value.

These are the basic reminder yet many are still ignoring this and yes I also know someone who invested a lot of money on $LUNA with all the money she got. I've read her post about losing almost $1M and she's totally devastated luckily her family didn't give up on her and yes she is now recovering from this big loss.

I don't know what went wrong with LUNA but personally, I won't invest that much on any coin better to diversify it. Newbies should learn from this experience, investing with all your savings it not good and being greedy will result to a worst scenario so stay on your track and do your research always.

I think an investor if not use his savings to invest, then maybe he takes loan to invest.These are certainly red flags in an investment. However, for a smart investor, he should only invest on his extra money and on the amount he can afford to lose. Otherwise, he will make temporary profits but in the end, he will still suffer from losses because of the pressure thinking how to repay the debt or how to bring back his money savings.

This crypto market is highly volatile and there are thousands of coins being traded at this time with so called Stable coins like UST pegged to dollar.But as you have seen they were giving guarantee of your savings being safe and you don't have to worry about risks see how much they have lost now.

But one more important implications above all is :

Don't invest blindly without any prior research:This is the thing most of the newbies do while entering thr crypto market that under influence they invest in these shitcoins promising big and having nothing utility in them but still we see billion dollar funds flow in them because people are investors not smart investors as have invested without any prior research of them.

There are many such instances where we see such things happening but people still place bets on them for losing their funds and the creators get rich out of them.So the best is to avoid them and have some amounts scattered in bitcoin rather than in these shitcoins.

Your money goes to all kinds of expenses. Whatever is left is a saving. You can further divide your savings into separate funds. A share of it may go for Bitcoin or crypto investment. The rest may go to your emergency and other miscellaneous expenses. My point is that invest in crypto with your savings, funds that are not intended for anything else.

This is the opposite of investing with borrowed money or any money that is not really yours.

But I guess newbies should be outright told to stay away from altcoins. If they do, they should be warned that their money is in a very risky situation and could perish anytime. Forget about indirect pieces of advice. Sometimes, they just couldn’t leave a mark. It is better to just say it straight, loud and clear.

In fact this reminder for all kind of Investment instrument not just crypto. What happen in luna is off course bad especially in crypto. But if we had looked back what happen on doge or squid game that people going all in is bad. I know that most people using saving money to do investment and think they can make double from their initial value sometimes me doing like this. But before invest clear your head first and pray haha and off course do dyor

Suicide reports are probably the worse. Newbies must be not careless and join the bandwagon cause it hyped. The Luma incidents show how bad it is for some investors who even loan their investment for such projects. Yes luna has a good experimentation process of stablecoin however there are some plots they didnt see coming and vulnerable to such whale aggresive powers. What I hate is the founder is so arrogant maybe this is karma for him but bad for the investors whom suffered more.

actually you are right of not using one basket to bag your eggs, any investment is quite understood that it undergoes to processes, A advantages = PROFIT ^ B disadvantages =LOST^.  Investment is like risk taker so anything it result out is of your benefits

emphasising in borrowing i really kicked against it. Since you know that what you are embarking on is via risk, so borrowing to run investment is not bad.

when you say greedy is universal, because anybody what to get rich and more richer in all ramifications, what makes people to lose is inability of not detecting when is time to go out of the market, so this is from my perception

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.


This is just a short reminder since I want to highlights the important things you need to know before investing.
There's a lot of news about suicide incidents because of losing money on their investments, and I don't want you to ended up on the same path so please do your own research first and again invest only what you can afford to lose.