are all beginners like that? | Bitcointalksearch.org

nakamura12

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Quote from: jrrsparkles on February 07, 2023, 04:10:41 PM

The one and only intention behind every investment is returns or benefits so there is no doubt in that people who are investing in crypto is to become rich but what they are trying to do is to achieve something in no time which may happen once in a while but not for everybody still they hope they can be that one and investing on shit projects which claims to be giving high returns.

Most people are investing in that way but surely there are exception for example if they are already having financial and investment related experience then surely they will do enough research about what investment they are going to make and what are the risks behind it and how to minimize it, etc.

It's a matter of taking risk or not for a chance having a good and mostly they didn't give some time to prepare even though they may have experience in investment for example and didn't do somr research before investing in that project or platform then getting scammed in the end. As explained in previous post in this thread that the less knowledge you have the more you are to fall in a scam situation which we don't want to happen. I think that the reason behind that bis because of other people's success in crypto which make most newbies being impatient.

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Quote from: Vyeon11 on February 01, 2023, 03:40:59 AM

in this modern era which is growing rapidly day by day, many things have been created and developed, from mobile phones, internet, vehicles, medical devices and even in terms of finance/means of payment.
an example of one of them is the creation of bitcoin and crypto, which has become a very extraordinary phenomenon in the last ten years.
now many people are flocking to invest in bitcoin and crypto, from the many investors who have sprung up, many motives have sprung up too,

Of course, no one knows what motivates someone to jump in and participate in investing in crypto, everyone has a reason, and everyone has the original intention in their heart.
but there are some people who do research on the intentions of novice investors in investing in crypto

Quote

Most newcomers ‘play’ with crypto with the aim of getting rich quick, not interested in the financial revolution, let alone blockchain technology.

is it really like that in reality? is it normally like that? and I'd really like your opinion.

these are just questions that I want to know and want to understand, and want to collect various opinions from different people, about their views.

The one and only intention behind every investment is returns or benefits so there is no doubt in that people who are investing in crypto is to become rich but what they are trying to do is to achieve something in no time which may happen once in a while but not for everybody still they hope they can be that one and investing on shit projects which claims to be giving high returns.

Most people are investing in that way but surely there are exception for example if they are already having financial and investment related experience then surely they will do enough research about what investment they are going to make and what are the risks behind it and how to minimize it, etc.

Elderyoung

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Yes, this is true and very familiar with newcomers who are just profit oriented. They don't care about the process, all they care about is the end result which is their profit and what they stand to benefit and forgot to know that the market is full of up and down. Once they encounter lost the business is a bad one and they move out.

Razmirraz

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When registering an account at one of the Exchanges or other places related to Cryptocurrency there is no specific question about their reasons for jumping in and investing in crypto. One of the most valid reasons is money, they believe in the potential that can be obtained from crypto assets.

News about Crypto has spread widely throughout the world, people only need to read a little about crypto to be able to draw conclusions with the potential that is in it. The encouragement that arises in their hearts makes them dare to dive into Cryptocurrency even though their knowledge is very limited. This is what needs to be emphasized to them, Crypto can not only make money, but can also spend the entire contents of the wallet if they are not equipped with mature knowledge about how to invest in crypto properly and safely.

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Quote from: martyns on February 06, 2023, 10:56:05 AM

In the crypto world, there are several types of newcomers; some are patient and constantly willing to learn, while others are not, always willing to take greater risks from which they may never fully recover.

Indeed. Sadly the vast majority cares about bitcoin and crypto only as tools to get them financial gains.
This being said, the less knowledge one has, the higher chance he will fall for scams, for altcoins with no future, name it. The less is the knowledge the higher the chance to see all the coins - bitcoin and altcoins - as get-rich-quick schemes and to believe all the claims and promises, no matter how wild (and wildly fake) they are.

Some few who take the patience to learn first and invest later and with caution may have better chances for the financial gains all dream about.
Yes, kind of like in the story with the turtle and the hare...

martyns

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In the crypto world, there are several types of newcomers; some are patient and constantly willing to learn, while others are not, always willing to take greater risks from which they may never fully recover. Being a novice in the field, there are numerous issues that must be understood before continuing to engage in trading. Being new to the market, I lost more of my USDT due to ignorance and greed. I was also a victim of scam projects as a result of my greed and desperation for quick profits.

Renampun

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Quote from: Belarge on February 02, 2023, 03:33:12 AM

A beginner should be ready to learn, follow instructions and ask questions and necessary,
A beginner should be serious and hard working,
I'm a beginner and I'm willing to learn, please I beg everyone out here to help me, if there's anything I need to know please don't hesitate to tell me, as I will really appreciate..

actually "learning" is not just for beginners, even seniors who have been in the crypto world for a long time also need to increase their knowledge and experience. as a newbie, all you have to do is try not to pollute your mind with greedy - lazy - spam - other disrespectful actions.

Quote from: AakZaki on February 02, 2023, 04:23:32 PM

Seeing some people succeed in investing in bitcoin will certainly make us motivated and also want to invest in bitcoin. But the question is? Are we able to continue to be consistent and patient in facing the fluctuating crypto market because of its high volatility. Investment requires patience and will be better in the long run. Understanding what bitcoin is and what its advantages and disadvantages might give reasons why you should start from bitcoin. Every beginner can learn from the success of others, but the results will be different.

consistency, it is something that is very important for everyone to be able to profit from crypto, it is impossible to get rich in one night in crypto, people who currently have a lot of assets in the form of bitcoins or altcoins must have a firm belief in what they are doing. 100% correct, imitating how other people succeed is quite easy but the results which get are clearly different.

JoyMarsha

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Each individual in the cryptosphere chooses to invest in cryptocurrencies for a different purpose. It may be for a store of assets for them, a get-rich-quick scheme, or for potential future investment gains. Whatever it is, that is how bitcoin investing was initially described to them by their friends or on the internet.

Before making an investment in a cryptocurrency project, only those who are well-informed about it conduct research. Newcomers don't bother to conduct research if it guarantees them rewards in a short period.

mamesso

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Newbies tend to buy crypto assets, especially Bitcoin because of increased understanding and trust in Crypto Assets. After Crypto Assets are increasingly recognized and positive news about Crypto is increasingly being discussed, Newbie trust is increasing. If the goal of playing crypto is to get rich quickly, who can guarantee that crypto can make someone rich.

It needs to be underlined, Cryptocurrency is a very risky asset because its movements are very dynamic, price changes can occur at any time without being predictable. For Newbies who are interested in crypto assets, they must have clear investment patterns and targets, don't make crypto as speculation that can provide wealth in an instant.

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It depends because everyone got to know about Bitcoin through a means it could be through friends, social media, conference or maybe an outdoor meeting. How Bitcoin is introduced to this beginners determine their mindset when dealing with a volatile asset like this.

Quote from: Vyeon11 on February 01, 2023, 03:40:59 AM

Of course, no one knows what motivates someone to jump in and participate in investing in crypto, everyone has a reason, and everyone has the original intention in their heart.
but there are some people who do research on the intentions of novice investors in investing in crypto

Everyone participating in Bitcoin have a collective motive which is to profit from the volatility just that everyone approach the market differently. While some simply buy low and sell high, others trade and majority buy and hodl for a long time before selling.

But for Novices who don't get the right orientation they might just feel because Bitcoin made their early investors rich, The routine will remain that way not knowing that there were factors that triggered the sudden rise in price back then and for such occurrence to repeat it self it will take many years of patience and if it will eventually making new rich investors it will come sudden and unexpectedly.

This is one of the things that must have triggered researchers to study the intentions of novice investors because they come with the mindset of gambling in crypto and not investing. In reality there is no free money in crypto to make good profit it will cost the investor patience and time and studying.

puloweh555

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The first thing I think about investing: Many people fail in investing not because they don't study crypto coins, but they don't study themselves. The point is to do according to each capacity, don't just follow along, don't be easily lured by influencers. HIGH RISK (NO) RETURN, still the most important is DYOR.

jeraldskie11

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Quote from: mk4 on February 01, 2023, 03:57:22 AM

Is it really that hard to believe knowing how much attention crappy and useless cryptocurrency projects are getting? Like 99.9% of projects in this industry shouldn't even exist, yet newbies "invest" in them in the hopes of getting rich quick.

That's true. Most crypto projects are not real to their promises. They just let people invest in their "too good to be true" project but at the end of the day they just running the funds they collected. Even veterans got scammed how much more if you're just newbie. That's why we have to check the project very well before you decide to invest in it and I suggest to diversify your investment.

Daniel91

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OP, are you asking about beginners to this forum or beginners to the crypto industry in general?
There are no such statistics and it is difficult to know the motivation of other members of this forum for participating in crypto.
However, whenever a new technology, service or product appears, there are always two groups of people, those who develop and offer the new technology, product or service, and those who use that new technology, product or service, and this is quite normal and logical.
It is clear that the first group is always much smaller than this second group, which uses a certain product or service.
The possibility of making money is always the strongest motivation for most people to start using a certain service and I agree that for most beginners this is the reason why they started using crypto.
There's nothing wrong with that, but the problem is that a lot of people don't understand crypto or bother to analyze and understand the crypto market, and that's why people lose their hard-earned money expecting easy and quick earnings.

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There are so many shits projects out there about crypto that by veritable experiment they ain't supposed to exist but because they promises to enrich it's users and participants within a short period of time you end up seeing novice and greedy newbie's jump into these projects only to get scammed and locked out of it along the line. And this attitude is what is encouraging more shit projects out there to keep emerging believing it will always get usage. And this is something that needs discouraging.

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When I came in 2016 to crypto world and bitcoin starts to grow faster and faster. No one was thinking about huge money, we were interested in the revolution of this amazing technology. And when the price was rising, we heard about it in the news, and realized that the views of more people are directed at cryptocurrencies. We didn't think about money, we believed that it would result in something incredible, and the world would not be the same. Unfortunately, then speculators, cheaters, scams began to appear. And it became clear that now in the crypto world more and more people will only want money, without understanding the revolutionary technology. That's how it happened.

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Seeing some people succeed in investing in bitcoin will certainly make us motivated and also want to invest in bitcoin. But the question is? Are we able to continue to be consistent and patient in facing the fluctuating crypto market because of its high volatility. Investment requires patience and will be better in the long run. Understanding what bitcoin is and what its advantages and disadvantages might give reasons why you should start from bitcoin. Every beginner can learn from the success of others, but the results will be different.

YOSHIE

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Quote from: Vyeon11 on February 01, 2023, 03:40:59 AM

Of course, no one knows what motivates someone to jump in and participate in investing in crypto, everyone has a reason, and everyone has the original intention in their heart.

You can be motivated about Bitcoin investment, if you want to read the reasons and how they make investments until they become successful.

• 12 Bitcoin Success Stories: Meet Bitcoin Millionaires
• 5 People Who Became Rich Because of Bitcoin, And Their Stories.

We know that after Bitcoin was created, many people changed their lives with investment methods, all of this did not escape the knowledge they had and patience, you want to succeed in investing, understand Bitcoin properly, so you have serious reasons to invest.

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Quote from: Vyeon11 on February 01, 2023, 03:40:59 AM

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Quote

Most newcomers ‘play’ with crypto with the aim of getting rich quick, not interested in the financial revolution, let alone blockchain technology.

is it really like that in reality? is it normally like that? and I'd really like your opinion.

How cryptocurrency is moving really affects the mindset of every investor right?
What if Stocks in the Stock Market are moving the same as crypto, will they just prefer investing into stocks compare to crypto because it's safer and it can make an investor rich in a quick way.

This is what volatility can do to ones mind. Because of the volatility of cryptocurrencies, people always think that if they will buy now and just wait, there is a high chance that they will earn money faster because it's volatile. It price move faster than other assets thus, they will get rich faster.

Bitcoin and other coins are being treated as an asset by most of the investors and that's the fact and that's a problem because they don't care about the technology behind it as long as they will earn money. As a matter of fact, that "Get rich quick" mindset will just make the beginner investor lose money more than what they can earn because they have a higher chance of getting scammed. As for the OP's question, at least don't stereotype all of the beginners because there are still some beginners who has a different goal when they invest into cryptocurrency.

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Quote from: Vyeon11 on February 01, 2023, 03:40:59 AM

Quote

Most newcomers ‘play’ with crypto with the aim of getting rich quick, not interested in the financial revolution, let alone blockchain technology.

is it really like that in reality? is it normally like that? and I'd really like your opinion.

maybe that opinion is very correct. Very few novice investors in the crypto market are interested in whatever lies behind the development of the crypto market and community.
what they see and want to achieve is to get rich quickly. this is really what is happening to young investors today. they enter the crypto market without even understanding the project and its development. all they know is to quickly double the money.

but I'm sure, of the many who ignore it all. there are one or two of them who are genuinely interested in blockchain and the financial revolution.

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Quote from: Vyeon11 on February 01, 2023, 03:40:59 AM

Despite what you mentioned, not all beginners had their mind set like that. There are those that has a very realistic objectives and sees cryptocurrency like bitcoin to be a revolutionary technology that we achieved on our timeline, hence they do aren't blinded to the potential profit and not oversee the possibility of losing.

Topic: are all beginners like that? (Read 411 times)