Topic: Another warning for every NEWBIE! (Read 677 times)

The easiest signal when you should sell coins is to reach a level where the profit size suits you. If you want to use one of the tools of the graphical figure, you need to proceed to the study of Fibonacci levels, after studying which you will be able to decide on your own in which price range it is necessary to open or close an order.

I believe most newbies just jump into cryptocurrency just because of the hype, they don't really understand what cryptocurrency is all about thats why at the end they always end up losing all their money and always regretting why the invested in Cryptocurrency. Most newbies when they were introduced to cryptocurrency they only told them  about the profit aspect and they didn't tell them they can loose all the money they invested because you can't trust any project. My own advice is that nobody should borrow money to invest in cryptocurrency.

That is so true - my friend lost 5000 $ in crypto in a few seconds. He has holding the phone in his hand and was looking at the waluet being hacked and money going away. He didnot sleep for almost 3 nights. That is crypto world. All your efforts go in waste in a jiffy. So volatile!

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.

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.

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.

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.

Did you know that gambling is prohibited in many part of the world.. the casinos are not much advertised on insta and facebook because of the community issues.
There are more forum which are working to warn people to be very attentive while gambling. Because it makes you rich in a min and it leave you on the road in the same moment. SO better safe than sorry

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

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 . I don't see any advantage of borrowing money to invest in cryptocurrency,  borrowing money is risky that it is unpredictable to know if it will yield profit or not.

I like to play with my money and I have never borrowed money - the only time I borrowed the money was when I needed it for urgency.
I had sleepless nights till the time I paid back all the money.
So if you want to gamble work a little harder so that you have some extra money to try your luck - If you loose - stop right away!

Most probably they get hyped when you are invest carelessly, you might ended up on a project like this though no one expect the value of LUNA to be totally like this, this is indeed unpredictable. Look at the fork right now, if you are still buying this project better to analyze again your portfolio because it may not healthy anymore especially the new LUNA, too risky to buy. This is a warning for everyone, and you can also apply this to other project.

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.

In our society - people are very overconfident, if they get a little knowledge they think they have got all the skills to master the work.
This overconfidence is a killing attitude. One should always has a guide or master to seek help and learn and master an art in which they are diving.
Very sorry for the losses made due to overconfidence.

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.

One of the major challenges we have currently globally is the relegation of patience and the elevation of get-rich-quick mentality. In my country every youth want to buy the latest Mercedes or BMW. Every investment that entices with extravagant profit attracts a lot of young investors. They invest because of greed and impatience. That is why new ponzi schemes are created everyday and people are falling victims. For me I prefer to keep investing my extra money in Bitcoin and wait patiently until my time for harvest comes. I am not saying that Bitcoin is the best investment but it has all the qualities of an enduring and reliable investment.

A proper understanding of the project is one the very first steps every newbie must take before they decide to invest whatever money they have saved up into any project. They must have done their homework(thorough analysis) because most newbies have the tendency to speculate or even gamble with their money thinking that the project will go "to the moon". In addition, they should ensure that they have in place a financial plan and the discipline to stick with it in the long run.

I'm a bit confused, of what purpose is my savings if I can't seek to invest with it. Should you not be saying that it is better not to invest with all our savings rather than saying we shouldn't invest with our savings at all. Some do not have any other money to invest with in the bid to better their life other than a percentage of their savings. From my perspective, if you must invest from your savings, it should be as everyone says, a percentage that you can afford to loose.

Separate fund is a subset of your savings. To be on a safer side before investing in altcoins which are completely centralized holding for too long should be avoided same with buying when the price is high
It is only an unsatisfiable investor that will go as far as lending funds to invest. This is what will trigger suicide the most when the project fails and crashes.

evaluating the market should be regular habit both for losing and winning investment. An investor should be a habitual study and research freak. It is only when lack of knowledge triggers investment that greed sets in. A good strategy is a product of constant study

I've lost a lot of money that whenever I share the details with a few friends they said they would take their life if it happened to them, taking my own life because of money is stupidity, I could get angry and make sure such mistake don't repeat itself but taking my life is nonsense, if you are the type that can tale his or her own life easily when they lose money crypto is not for you.

Borrowing money for investment is not recommended, especially if we do not have income that we can use to pay off the loan. That can make it difficult for us later and increase the risk to be even greater if our investment cannot increase in a short time. Investing in crypto is not necessarily profitable in 1 or 2 years because it depends on the existing market conditions and situations. We have seen what happened in the last 6 months, and now, the crypto market is going through uncertain times, which can make us worry if the value of our investment will go up or down. We really need to think again if we want to borrow money.

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. .

Unnecessary borrowing is trouble. Inviting trouble unattended can bring in so much demons along.
I like all the points mentioned in OP - stay contented and keep your saving saved.  Greed and lust in one of the deadly sins. So be aware.

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.

These are considered the basics when it comes to making investments but still most of the newbies fall for it. Maybe because they don't see theirselves as long term hodlers but they are more on seeing crypto as a get-rich-quick scheme. The reason why they tend to be more aggressive and end up falling for their mistakes and lose their funds. The fate of Luna was totally unexpected, and we can't afford bitcoin to end up that way too. So as much as possible, invest with caution and never fall for wrong dispositions in life.

many people tend to gorget that the principle of buy more on dip is only applicable to bitcoin and does not work for other cryptocurrencies, as the coin begin to fall and keep falling should have signal a warning to them since its not bitcoin, once an unrealistic altcoin falls it find it difficult to rise back, because then their real identity as shitcoin got revealed, it is good to take risk but it is unwise enough to seek such opportunity from what doesn't really worth it.

People becomes confused when influencers incurge them to invest on shitcoins. I know a youtube channel named Fomotion and Fomotion HQ. This guy release videos every weeks with no research, no fundamentals. You will understand what I mean if you visit his youtube channel.

This will be tough for those who used all they had in this coins, it is good to buy smaller amount of coins that are not too reliable because most of all this shit coin when ever the market bearish such lost value.  The best thing is to buy will small amount just to observe how valuable the coin will be.

Cryptos isn't for sissies and weaklings. It's for men with heart of steel. Even the caveat of not investing money you can't afford to lose euphemistically reveals that. So, if anyone comes baby crying that they lost all in crypto and think that suicide is their best way out I will hand them a noose. They think crypto is a get rich quick scheme and they want to breeze in and then walk out with a loaded briefcase with cash.

Well, the points in your advice are notable and correct. However, dragging in just Luna alone as a scapegoat into your post makes it look personal. There are several other altcoins which will soon follow the way of Luna in time to come. It's the pattern in crypto. Newbies should invest more in Bitcoin than alts. It's not as if Bitcoin doesn't dump. It's just that it's the only one sure to rise whenever that dip happens.

The funny thing (but a bit sad at the same time) is that many people, including experienced investors/traders, didn't learn the lesson from the recent crash of Luna. I saw many of them rushing to buy more of it just after binance relisted it although it's price dropped by more than 99% and it's almost a dead coin.
However, I don't totally agree with you on the first advice about not investing from your savings. Sometimes, you have to take risks to make profit.

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.

This warning is actually not only for newbies but also all of us, especially for me, this kind of remaining from each other is really helpful because we are sometimes too greedy and dumb to see the project and all in to buy the token or coin without any diversification and cosndieration.
Whereas, so far, there have been several examples that also crash like LUNA although LUNA may be the worst. But as a newbie or even as an investor, we must know about money management including the risk amnageemnt. The two combination will result a wsie management of fund and also strategy so tht we don't regret about what we are doing so far.

It's not bad to use your savings in investment. You can divide your savings which is fund #1 is for Bitcoin investment then fund #1 is for expenses that is important to spend your money with. This also apply to don't invest what you can't afford to lose and if you can't afford to lose all your savings then why take a portion of it which I just explained earlier. You can invest separately to avoid losing all your money if ever the project you have invested is a scam or a shit one.

Pretty simple logic doesn't invest that you can't afford the loss. Luna sorry was like a killing mission for new investors. Even I have lost a lot. But I invest only that I can afford the loss though the amount was big. No reason to borrow money to invest in cryptocurrency, it's not only a risk but it would destroy your life. It's not very easy to make money from crypto anyway. It's always risky, before getting into crypto should think twice.

Yes you are right that mate and every newbies must know about  that it's hard to understand and gain more knowledge if they spent less period of time for reading and understanding the topics provided by our forumites.

research is a must why it because in research you will know the feedback of those investor who already invested in that project and you can say that through research you will what the site or project all about.

Not just only to invest with small amount on new project, it is also important too to make research on new projects to know how legit it is. Many new projects don't survive during the bearish season. It is always advisable to invest only on the amount that won't result to any emotional issues if anything happens.

Most people who makes such mistakes are those who see the crypto projects out there for a get rich quick scheme.
Suddenly, you get a new investor completely obsessed with making money out of cryptos that they tend to forget that, there is a risk factor in every investment and crypto is no exemption.

Some of these obsessions comes put of listening and giving much attention to users success stories on the various social media groups or channels out there. Even some of the once j  a blue moon promoted stories on some start up projects for which some user must have acted as an early bird and made the most of it.

The truth is, it happens but this might not be your story. Again, the user just might not have taken the sort of risk obsessed reckless users are willing to take by going all in. You have to be conscious of the fact that it can go south at any time and when your not properly grounded in a field and on a project, your always in for some huge risk.

Take time and study the field and the project before investing. When you do invest, ensure its money you would be comfortable loosing. No doubt, the money gets to accumulate into something worth the while and painful to lose but, you still get a lifeline I'm the fact that, they were not some pained investment.

A lot of advice for beginners is written. But I think beginners are quite difficult to do that. In addition, practice will be more difficult than reading. Because the state of the market is very different from the conditions when you understand the theory about beginners. One problem is especially for greed, I am sometimes a little wrong to leave the market because of greed. This greedy nature seems to have been carried from birth and it is difficult to control it. A person must continue to practice discipline with the plan he plans to avoid regret.

Avoiding centralized altcoins might be hard since some of them are still in a good shape, it's actually hard to predict stable coin especially if someone holds them a big portion of that coin and he can easily drop his holdings just like what happened with LUNA. This is not about the progress or update about LUNA but this one is the bad result of manipulators, many lose a lot of money.

Before investing in a new project make sure that if you lose you won't be hurt, and don't invest a big amount in a new project,  also you are right that Op does not use your savings for investment because it causes depression if you got scammed or lost. This is what happens to a friend of mine he withdraws all his savings to aim a big amount but the project is a scammed. Then a depressions come.

Yeah, nothing new with that attitude that they want to have the quickest return for their investments. Even in the circle of my friends, they're all having the same mindset of getting rich quick through investing in the crypto market.

This isn't really new because, in the bullish year of 2017, every newbie has that thought as well.

That is going nowhere if they have that mindset because the experience will hit them hard together with the reality that it's not easy.

There is always a risk in the crypto market. But, You have to do the risk management accordingly. I wasn't surprised by the $Luna Crash, but I was surprised when I saw UST was de-pegged and it's failed to peg again. Other Stablecoins also have the risk of being de-pegged. A few days ago, USDT was de-pegged during the chain swap. USDC was de-pegged in 2020. So, there is nothing risk-free in the crypto market.

Pretty much this. There's nothing more to say about shitcoins. Not using your savings for "investing", not borrowing money, not being greedy etc., should be said after you've answered yourself "What the hell is the thing that I'm buying?". If you're buying things that, at least have essence, such as stocks, bonds, metals, oil, gas etc., do ask yourself for these things. But, buying things like dogecoin, shiba, luna etc., that have no purpose, and can be re-created by humans anytime, is foolish.

In my opinion, you shouldn't put your money in altcoins. Period. If you're a newbie and do it, acknowledge that you're a fool. If you don't care, go on. But, acknowledge it.

What is certain is that your three warning elements, will be an afterthought not only for beginners, for Legendaries it is also a lesson that must be remembered, when dealing in the crypto world, what else talking about investing and trading, obviously the risk of losing knows no such thing as a beginner and a Legendary, which is basically: everyone is aware of the risk, as I read in the source below.

• 'I'm devastated': 3 cryptocurrency investors on losing thousands in the catastrophic Terra Luna crypto crash.

Of course, if we remember the phenomenon that happened to LUNA, this year is the worst phenomenon that has ever happened to the crypto market, maybe this will be a lesson for all crypto users, that anything can happen to crypto, that's why consider the risks the OP said, before going any further to invest and trade in the crypto market.

What happened to Luna is also wrong timing, the tragedy happened during the bloody market, so for sure a lot of people were affected and most of them are "double dead" because sure even those other people who have other baskets that are non Luna related investments are also affected somehow.

Just like me, I thought I was safe during the dump because before I converted to stablecoin, but I converted on the wrong stablecoin, which is UST.

These are basic guides that will make we beginners stay away from losing money again even after we might have lost before.we are suppose to live everything for now and learn more in order to avoid falling victim on such incidents again. $Luna has showed many of us lesson and we are still learning lesson everyday, so it's better we learn and gain more knowledge so that we will be ready for such disappointment again.

At some point, people had committed mistakes about borrowing money to start investing due to the wrong choice of coins. Most of this has been visible to newbies. However, I don't agree with not doing this but be sure that we have other sources of income to back up in the case of losses and still have the money to pay the debts left.
Honestly, I was greedy in real life but I know when I use this, and perhaps I know how to control this feeling. I take every single opportunity that I know will give me money, that is greediness, right? But I'd never find it wrong as long, I only just do what I think is right.

I agree with you to some length about greed, but sometimes in business greed can take someone to higher level. For instance, as the OP said one should stop and look at what's wrong with the previous strategy then do some analysis. What if in the period I am doing my analysis in the waiting that was when the market boomed and pumped up, that if I had invested immediately after the lost maybe I would have regained but no cause I was strategizing and analyzing in waiting.

However, most of these newbies wanted an instant return, they just think that investing in new projects, those hyped ones, and those that are in trend are the best investment. Many got shocked at what happened with Luna, well, this is the thing we have to be aware of and to consider the fact that crypto is not a safe investment, things like this will come anytime. That is the reason why we should choose Bitcoin and some leading cryptos for the sake of having safety assurance.

All of those reminders are on point.

The current most hot issue about Luna and UST have thought these lessons to those who lost a lot of money including their life savings. Saw some investors who have borrowed money just to invest in Luna alone.

Well, you'll never know if you're into the right one unless it's been tested and proven for so many years. Be wise in your investments newbies, buy bitcoin and choose it as it is the most reliable one.

Lots of newbies coming into cryptocurrency don't really understand what crypto is all about and some don't even believe they can lose money in trading due to what they have been hearing people saying, most people only talk about their profit and they don't talk about lost, most newbies don't even know the risk involved in Cryptocurrency.
In Cryptocurrency trading always invest any amount you can afford to lose, you should invest the amount that if you lose, it won't affect your health condition. Also as a cryptocurrency trader, you should never borrow money to invest in any coin, because no coin can be trusted and anything can happen to any coin at any time.
I believe as a professional, if you are trying to teach any newbie cryptocurrency, I believe you should always let them know they can lose thier money and they should always invest what they can afford to lose.

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.

this is a reminder for everyone, not just newbies.
If in a state of urgency someone will definitely do the unexpected. Using savings, borrowing money for investment, of course it has a high risk, because there will be a return that is deposited and the savings that have been collected will be used. If it is forced, then you must be absolutely sure that you can return what has been borrowed.
Last but not least, don't be greedy, of course this is the nature of all human beings, just how can you maintain your psychology well, if you're already profitable, don't expect too much.

This is the worst mistake anybody can make, this in particular is not for newbies alone, though the impact on newbies will likely be worst due to their lack of enough experience and knowledge to make proper decision of how to invest their borrowed money.
But we still need to advice everyone, even the not so newbie kind of investors amongst us to avoid borrowing money to invest in crypto.
Only do this if you are 100 % sure you will have no problem paying back the money even when the money gets lost, and that even after paying back the money, you will still be fine with your family.

I've heard stories of people who borrowed huge sums of money and invested it in crypto, and unfortunately, they haven't gotten the money back and the date for repayment of the loan arrived, it became a big problem for them and their families, worst of it all is borrowing money from banks, banks show no mercy , they don't mind throwing you and your family out of your house and putting up the house for sale, so better watch it and avoid that has to do with borrowing to invest in, not just crypto but also, other financial instruments.

Those are the golden tips on how to avoid losses in all types of investments. Also, before you start to invest, always know the risks and its pros and cons because if you can't handle its pressures in the future, then don't bother investing in the first place. The moment you quit in the middle of your investments, you will only suffer from huge losses in the end. Particularly for crypto, this is a very volatile investment, so one should not expect for quick profits so you will not be misled.

I don't see any wrong with borrowing money if the reason is to start for investment. But what went wrong if we use it to invest the wrong coins.
Maybe I'm wrong but this idea has been a practice for many years ago, we just adopted it but neither we have to change this for as long as we know what kind of investment we have.

I agree also that there is a disadvantage to doing this, however, I don't find it a big mistake. In fact, many rich people commit debts to run their business, they'll take risks as well, the same thing we do upon investing in crypto.

I have encountered many Filipinos on Facebook who are either one of these three (and maybe all of them) because they are getting FOMO’d not just on LUNA, but in any other project before until today as they are not doing their own research.

But most of them I have encountered is that they’ve spent all of their life savings into LUNA and futures trading without doing much research, no to very less experience, etc., that results for them to being greedy and losing everything.

There’s one stock investor I have encountered who is going all-in on LUNA and futures trade. He was suppose to get married with his long time girlfriend, but ended up losing everything of his life savings because of this decision. We just simply can’t do anything about it anymore except learn our lessons, reflect and move on.

As a newbie, I am learning every day in here. This is such good advice.
 For myself, I've made a plan on my earnings. It helps a lot.
I divide my assets into 75% & 25%
I keep the 75% as a saving and emergency usages.
25% on the other hand, I use it for various reasons.
10% (out of 25%) for investment
10% for trading and lastly
5% for day to day life expenses

This is a great way to keep your money safe. BUT in crypto world, never listen to others.
Do your own research and make a plan that will help you save your money and make more out of it.

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.

This is the case with most of the investors that they invest without any research of their own and under the influence of so called paid crypto influencers who are Shilling fake information about the project to pump it and the big whales and token creator make money out of them as project is baseless.

Investors who don't have knowledge have their own pre assumptions regarding bitcoin that it's too volatile,too expensive and can be dead but they are easily eroded in these shitcoins that they invest more than they afford to loose because once you have invested in these shitcoins money is automatically lost most of the times.The recent example of stable coin going to zero is perfect case for them but they will not understand it and keep on the way so we will see such scenarios each time.

Hold bitcoin if you can for long term for future growth.

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.