Topic: Crypto Holding investment focus! NEWBIE MUST READ. - page 2. (Read 197 times)

How can you listen to your own voice if you are still newbie and don't know where to start. Do your own research is good but you will still need learning material like books and video tutorials coming from a trusted source. Having a reliable source is the best way to make a good entry point in crypto. You can't do a successful investment in crypto without relying on knowledge of other user that already has experience on crypto dealings. You just need to search for them carefully.

If we enter the market, at least the end goal is profit, then we should have a solid plan, what we should do with the current market conditions must be clear. I don't expect newbies to have to experience failure and out of control continuously, at least they have the big picture and clear steps in responding to the market to achieve their goals.


It is undeniable, many newbies are trapped in this case. Beginners should open their minds wide and find out why so many people here are not advised to step in the hype. However, I think the lack of education, information, previous research from various sources such as this forum has made them blind and dare to enter the hype project with all they have and end up loss all they have.



Thank you for your input, I will update this point, because I also think that these two points are the main factors for the development of a project that supports the growth of the token or coin value in the project ecosystem. I ask permission to bring the two points that you suggest in my thread when the update later.

Newbies are looking for a lot of information about this market. The most important thing for me is to listen to your own voice. There are many scam accounts on the internet. No one will give you free money in your pocket. The best choice will always be to do your own research.

When the incessant growth of cryptocurrencies, this advice will be very useful for beginners who really want to try to find investment alternatives and some other suggestions that are really needed at this time. Given the rampant crypto fraud, of course, the selection of certain cryptos must be done. In order to at least be able to minimize the loss of the wrong investment.

For the OP, if possible always update the thread and include any other suggestions other users may have given as additional references.

The points you listed are quite beneficial not only to newbies. Items number 3 and 5 are good investment practices that I think are beneficial. In addition, it is important to be guided with basic investment principles, such as: (1) Ensure that you invest only the amount of money/resources you can afford to lose (2) Don’t put all your eggs in one basket, etc. It is important to manage the associated investment risks and not to be carried away by hype - most especially associated with meme coins in recent times.

You forgot to mention somethings like

1 sustainable development

2 competence team

A project both will become the next red flag project as the dev has no competence to develop the platform. this has proven that so many times the competence developers can revive the project while any project that being handled by amateur developers will always be dead.

Your suggestion was so good but remember that you are forgot to mention the most important aspect called sustainable development and competence team

A good piece of advice for the newbies while entering the crypto market. Yes, I agree one should not be enticed by the overhyped projects and should not be tempted to fall into the trap. Yes, the best way is partial buying and partial selling in order to get the maximum profit when you are not able to identify the market trend.

Over time, those who realize for themselves that experience with the market brings skills and opportunities to them, there will also be many who fail the market and cannot escape control from it. Most people attach too much importance to profit and ignore some basic but very important steps, I always like and support them before taking any action. Judge for yourself what results it produces.

In order to be successful in investing in crypto holdings, there are several steps that crypto beginners should know. This is to avoid getting caught in a scam project, losing while investing, not maximizing profits.

1. Coin selection! This point is very important, if we are wrong in choosing and analyzing what we do during the holding time it will be in vain. Of course this is a very difficult thing to do where we will be presented with thousands of lists of coins on the market today.

Just a suggestion, if you are a beginner and feel confused about choosing a coin for long-term investment choose BTC, ETH, BNB, LTC, XMR, ETC, BCH. Even though they are old coins, the performance they have is very good. There is no doubt that these coins are also widely accepted as a payment method at various merchants, it is possible that in the future there will be many milestones that they will pass with the next success story. Consistent price increases, the coins are undoubtedly capable of recording consistent and unexpected price increases. At least there is a guarantee that if we invest long term we will get a profit.

2. Hype (Project Crypto/Token). The main mistake beginners make when entering the crypto world is that they are easily carried away by the hype they should avoid. Newbies are very easily carried away by hype, they are tempted by the lure of huge profits that don't make sense. Often they enter at a high price and come out with heavy losses because the token is a scam/rugpull. This must be taken seriously by newbies.

3. Buy Coins Periodically. If you have determined which coins to buy, buy the coins periodically using the averaging or DCA mode. This allows you to get a low average buying price.

4. Hold on tight. Do not sell your assets until you reach the target.

5. Sell Method. Never sell all the coins outright. If you make a long term investment, it will cost you money. Why do I think so, if the asset you own continues to rise in price then you will lose the opportunity to earn more profits. The effective way I've ever done is to sell it little by little like the way to buy DCA (dollar cost average), but the difference is that we sell. So we will get a high average selling price.