Bad beginning for crypto beginners. - page 3.

Sebas.tian

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Quote from: bastian466

The goal of getting into crypto is to get rich, make a side or main job to earn, that's the real goal, whether a beginner is bad or not depends on the success you get. knowledge is needed without it just risking luck by risking money. As a beginner, my friend taught me not to risk money, look for free coins or tokens or take part in social media bounty campaigns. With that, you can avoid losing money, don't try to buy, make the results of work in a project for investment

Yes, applying knowledge in cryptocurrency investment is very important to any beginners because it will help you to avoid so many things that will hider your progress when others are making progress in the environment. You can get rich in crypto investment but you need to work hard by carry out your personal research daily to know which coin is good to invest in this bearish that will bring a massive income in the future before investing your money. Don't be an hurry to buy coins in the market without a proper research, if the price will still decrease or it will soon increase in the market before buying and hold.

bitterguy28

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Quote from: libert19 on November 17, 2022, 12:25:27 AM

Imo all that a beginner need to understand is to only invest/play with what you can afford to lose. He won't be beginner soon enough Tongue

simple but way far answer , though this is easy said than done because mostly people are seeking for quick result and yes everyone becomes a beginner with this attitude.
when they cannot afford to lose what they invested yet seeking for bigger income in sooner time.
and also this is how people being lured nowadays here in crypto , there are so much scam word coming from outside that people still take and forget their responsibilities for their money.

GreatArkansas

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Quote from: Rockstarguy on November 16, 2022, 10:28:19 AM

Beginners with agenda to get rich: these beginners are just so desperate to make money from crypto that will make them become rich, they have no idea about risks involve in cryptocurrency . Beginners with the mindset of becoming only understands crypto be an investment that has a big return as quick as possible. Crypto investments is always interesting when it is long-term.
(....)

Me, this is a very common expectation for some people who are starting in cryptocurrency. I also experienced this with some of my colleagues. They keep thinking that when you buy cryptocurrency, it is easy money. They don't know how really cryptocurrency works and they don't know how many people already lost their savings because of greediness in cryptocurrency. That's why, I can say it's high risk, high reward.

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Indeed it would be nice before starting something is to study or study in depth first, and try to have a mentor who can be said to be experienced in his field. Then try to start gradually and not in a hurry, because for me in the world of crypto, patience and not being greedy is the most important thing to implement.

BitDane

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I don't agree with @OP's definition of bad beginning for crypto beginners. I believe that it will be a bad beginning if a person who wanted to get involved I crypto industry does not do his research. Knowledge is very important so does the right information. So I guess, to be able to avoid to have a bad beginning, we must equip ourselves with right knowledge on whatever venture we are going to invest or get involved with.

WalkerIVIV

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even though I agreed that becoming greedy in cryptocurrency investments would be a bad news and in this case a bad beginning but the ultimate goal of investing in the first place is becoming rich, as long as you could follow the basic of investing i'm sure you could make some profits in your journey of investments. The thing is, so many beginners in investments making some haste decision that as a result it becomes more of a gambling rather than investing.

bhooscream

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Quote from: Rockstarguy on November 16, 2022, 10:28:19 AM

Most crypto beginners starts their journey in a wrong way by not considering crypto education as the first investment to go after. The worst decision anyone can make is investing in something you know nothing about, not just in cryptocurrency but anything else.

In fact, some of them will act first and think later. And then, what happens is Regret Grin

Although this is bad enough, many beginners start their crypto investment with this condition. They will start their crypto investment only by following others, not learning at first or even considering the decision. They are only investing by expecting that they want to earn much money after investment. BUt, the fact doesn't run the expectation and then they regret it. They will then hate cryptocurrency and black crypto as well.
This is funny, right? They make mistakes but they blame crypto for their mistakes Grin

KennyR

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Not everyone starts perfectly. According to me, if an user have got the ability to sustain in the market the he can correct himself in the long run. Most of the time the disappointment makes the beginners get out of the market immediately. Learning out of the wrong decision keeps us on the right track. With cryptocurrency users should have a wide focus, only then it is possible to stay even if we weren't able to understand how things were happening.

Thinking it as quick rich scheme, starting with wrong projects everything is part of the learning. One who sustain this will succeed.

Party24*7

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Quote from: BIT-BENDER on November 27, 2022, 11:14:04 AM

Having this bad beginning won’t only fail in Crypto-currency but it may lost likely fail generally in life. Beginner in Crypto-currency got here via many different ways or motivates, I actually not holding anyone by the next for what ever they heard before coming into crypto-currency but where I do is when they aren’t unlearn and learning what’s right for them here.

Emphasis has already been laid to some of your point but for some reason great number of beginners still wallow in the wrong eductions they got before coming. Probably experience is the best teacher and punishment too.

If they are called newbies, they will not be aware of what will happen to them, so they will often have bad starts and does not mean they will have a bad end. I believe that you have lost a lot of money for many years of investment to get today, you used to be a new person, I do not believe that you always win and never lose, even in life.

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Quote from: radjie on November 27, 2022, 02:58:23 PM

Quote from: Rockstarguy on November 16, 2022, 10:28:19 AM

Beginners with mindset of taking crypto as job opportunity: some beginners thinks crypto can cover up the space of getting a job. It is wrong to plan of making cryptocurrency a source of income as a beginner. It is important to have emergency fund while Investing in crypto.

Beginners are very easily tempted to be able to profit from cryptocurrency because they see crypto prices when they have soared. They assume that crypto can be relied upon as a source of income because it can be traded easily but do not understand the risks. And on the bad side, beginners expect quick profits from crypto by putting in the main money they have in the hope that their profits will double and they think crypto can easily get money back from the initial capital issued

Without proper knowledge, crypto is not the venue for those who thinks that it will be easy to make money when you invest to this market, the alluring promises is just a word.

But in reality, there are many newcomers who lost their hard earned money, most are from
scam projects who promises huge and quick outcome. They are all victims of wrong impression
that crypto market is a safe haven for quick to rich schemes.

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Quote from: radjie on November 27, 2022, 02:58:23 PM

Quote from: Rockstarguy on November 16, 2022, 10:28:19 AM

Beginners with mindset of taking crypto as job opportunity: some beginners thinks crypto can cover up the space of getting a job. It is wrong to plan of making cryptocurrency a source of income as a beginner. It is important to have emergency fund while Investing in crypto.

Beginners are very easily tempted to be able to profit from cryptocurrency because they see crypto prices when they have soared. They assume that crypto can be relied upon as a source of income because it can be traded easily but do not understand the risks. And on the bad side, beginners expect quick profits from crypto by putting in the main money they have in the hope that their profits will double and they think crypto can easily get money back from the initial capital issued

This is all because of the impression created by people towards this industry. Many non-crypto users view cryptocurrencies as an easy way to get rich but in reality it is not because of market volatility and inconsistencies. Some are even quitting their job just because they've earned a decent amount for the first time not knowing that it won't always be that way. Some are also selling their houses and other assets just to be able to invest in cryptos then complain eventually of their losses. The thing here is that no one pushes us to do something as an investor so technically there's no other individual to blame but ourselves. The best thing to do is to be knowledgeable of what we are engaging ourselves with.

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Quote from: Rockstarguy on November 16, 2022, 10:28:19 AM

Yep, beginners know nothing, but there's an advantage in that too. Every single one of my friends that came in after me got lucky because they weren't scared or skeptic. They didn't care for fundamentals and invested in a wau that looked random to me. I was rolling my eyes, but they mostly got it right. And they took risks that seemed insane to me. They didn't have traumas from past bear markets so they weren't scared of anything. Some of them cashed out more then me which got me quite bitter.

But i bited my lip and thought that i can learn from this too. I asked them how did they guess and they just said they followed their instict. Which makes sense when you like same things as rest of the newbs, they just saw what someone like them would be interested in. There were no fundamentals involved. They just invested into potential hype.

Most of them got rekt by last 2 bear markets and they somehow lost the touch for it. I used to get tips when they were rolling. Now they are too careful and attached to their bags.

Silberman

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Quote from: radjie on November 27, 2022, 02:58:23 PM

Quote from: Rockstarguy on November 16, 2022, 10:28:19 AM

Beginners with mindset of taking crypto as job opportunity: some beginners thinks crypto can cover up the space of getting a job. It is wrong to plan of making cryptocurrency a source of income as a beginner. It is important to have emergency fund while Investing in crypto.

Beginners are very easily tempted to be able to profit from cryptocurrency because they see crypto prices when they have soared. They assume that crypto can be relied upon as a source of income because it can be traded easily but do not understand the risks. And on the bad side, beginners expect quick profits from crypto by putting in the main money they have in the hope that their profits will double and they think crypto can easily get money back from the initial capital issued

Their ignorance and their unrealistic expectations is what ends up destroying them at the end, they come to this market thinking that earning a lot of money with it is really easy and that they do not need to make an effort to learn how to trade, and if we add that they have expectations which are completely out of place then this accelerates even further the rate at which they will lose their money, so newbies should at first spend a few months trying to learn more about this market so they can avoid the most common mistakes they will make without suffering a single loss.

radjie

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Quote from: Rockstarguy on November 16, 2022, 10:28:19 AM

Beginners with mindset of taking crypto as job opportunity: some beginners thinks crypto can cover up the space of getting a job. It is wrong to plan of making cryptocurrency a source of income as a beginner. It is important to have emergency fund while Investing in crypto.

Beginners are very easily tempted to be able to profit from cryptocurrency because they see crypto prices when they have soared. They assume that crypto can be relied upon as a source of income because it can be traded easily but do not understand the risks. And on the bad side, beginners expect quick profits from crypto by putting in the main money they have in the hope that their profits will double and they think crypto can easily get money back from the initial capital issued

bastian466

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The goal of getting into crypto is to get rich, make a side or main job to earn, that's the real goal, whether a beginner is bad or not depends on the success you get. knowledge is needed without it just risking luck by risking money. As a beginner, my friend taught me not to risk money, look for free coins or tokens or take part in social media bounty campaigns. With that, you can avoid losing money, don't try to buy, make the results of work in a project for investment

Japinat

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Quote from: Minecache on November 27, 2022, 08:52:12 AM

Quote from: Rockstarguy on November 16, 2022, 10:28:19 AM

...

Bad beginning never end up in good result ,rather it ends in regret, waste of fund. The problem why some beginners starts investment in a wrong way is because they are too busy and think knowledge is time consuming.

I disagree with your statement, are you sure you are off to a good start and that you have never made a mistake in your investment journey? Most of the newbies in the market will have a difficult start because of simply lack of knowledge, and no leader… it can be said that they don't know where to start. But as long as they realize their shortcomings, never stop learning, and don't give up after falling, they will become real investors like us.

Exactly! Failing is a part of the journey especially if you are new in the crypto world, even the veterans still have losses because of the market's unpredictable movement, so, what would you expect for the beginners, right? Failing is way to learn so that you can improve the next time you will take some risks. Moreover, I don't really believe that this time is a bad beginning for the beginners because it is up to them if they will equip themselves with the knowledge needed to survive in this space, so of course, without that knowledge then there's really no luck for you here. Aside from that, this time is not really that bad to start because it is even a good way to start and accumulate coins while you can still buy it at a much cheaper price before the market recovers.

blockman

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Quote from: diminizio on November 27, 2022, 10:48:22 AM

But most of us also learned from how they walked with our experience which was also priceless. But as long as the loss can be used as a lesson for the future there is nothing wrong with it all because we must really learn from the experience of this new thing.

Just think of those losses as lessons and you'll feel better. But the main thing is to make yourself aware of those lessons that you shall take from having the losses.
Because if you've learned nothing from it then you're doing the wrong thing and that's why if the beginners are in here and experiencing a bad situation, look at the brighter side and it's okay as you start but don't settle for it.

BIT-BENDER

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Having this bad beginning won’t only fail in Crypto-currency but it may lost likely fail generally in life. Beginner in Crypto-currency got here via many different ways or motivates, I actually not holding anyone by the next for what ever they heard before coming into crypto-currency but where I do is when they aren’t unlearn and learning what’s right for them here.

Emphasis has already been laid to some of your point but for some reason great number of beginners still wallow in the wrong eductions they got before coming. Probably experience is the best teacher and punishment too.

Henrobakkara

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Quote from: Accardo on November 16, 2022, 11:04:28 AM

Quote from: Rockstarguy on November 16, 2022, 10:28:19 AM

Beginners with the mindset of taking crypto trading as a job opportunity: some beginners thinks crypto can cover up the space of getting a job. It is wrong to plan of making cryptocurrency a source of income as a beginner. It is important to have emergency fund while Investing in crypto.

I don't understand the context of this paragraph. Normally, crypto provides jobs for people, if a beginner have got skills like; data analysis, programming, content creation etc, that fits in a cryptocurrency firm looking for his potentials, then its not a wrong move if he applies and gets employed. And he/she doesn't need cash to get employed. The only investment required here is time which matters in every field.

It would be better if you specified what part of cryptocurrency a beginner shouldn't take as a job opportunity. Like I did above.

You are right. The problem is OP only sees opportunity in cryptocurrency in terms of investing or Buying crypto coins/tokens and forgets that there are people behind every other aspect of the industry and it is not only related to trading crypto. However, beginners thinking crypto is a get-rich-quick avenue is indeed the biggest mistake most make even though you can be lucky making your first investment and making good profits from it due to investing at the right time e.g during a Bull run as was my case back in 2017 and I have so far learned that usually isn't the case as do many others.

diminizio

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But most of us also learned from how they walked with our experience which was also priceless. But as long as the loss can be used as a lesson for the future there is nothing wrong with it all because we must really learn from the experience of this new thing.

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