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Topic: Don't be over ambitious - page 2. (Read 219 times)

sr. member
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April 19, 2021, 06:27:40 PM
#9
I think the right word is overconfident and not over ambitious. Even though I have years of experience in crypto I don’t advice whoever asks me what to buy or what to hold instead I will always tell them to study the basics in crypto and understand how it works.
hero member
Activity: 2184
Merit: 513
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April 19, 2021, 06:21:20 PM
#8
Give a small clue and again tell him to DYOR. That's more than enough to make him try to use his brain to analyze the market. Education is much better rather than try to give them all financial advice about that.
There are lots of newcomers who were only following others without DYOR. So many people were getting fooled caused by they were only following their emotion.
Education is the best thing that can be given to others.
full member
Activity: 812
Merit: 101
April 19, 2021, 02:59:56 PM
#7
The crypto currency space is a very volatile place where anything can happen in a short time frame. No one either experts or not can call the top and bottom in crypto currrency market; we should always remember that our business in crypto currency market, trading is to take profit.

More importantly; don't be over ambitious to help someone to buy tokens, never do it. Instead educate and teach them how to do it, and the risks involved.

In my opinion, it is not suitable to be called ambitious, more towards being too excited. But I agree with this statement, if we really want to help friends to start investing in crypto, it would be nice for us to tell us what to learn, what kind of flow and through what, let our friends choose for themselves which one is more suitable for him, we too You have to tell that in crypto there is no certainty, only predictions and even that may not be 100% correct, the risk of loss will also accompany, and a big mistake if we help a friend spend on a coin that we think has the potential, when it ends up experiencing a loss we will only be blamed by him because he has high expectations of us.
hero member
Activity: 3038
Merit: 628
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April 19, 2021, 12:50:30 PM
#6
The crypto currency space is a very volatile place where anything can happen in a short time frame. No one either experts or not can call the top and bottom in crypto currrency market; we should always remember that our business in crypto currency market, trading is to take profit.

More importantly; don't be over ambitious to help someone to buy tokens, never do it. Instead educate and teach them how to do it, and the risks involved.
There will be people who would like to be educated and there are those who are always asking about which token to buy. They don't want to do their researches and want a shortcut by doing their own thing and using their time for it. And as we trade and invest, taking profit is the goal by everyone and if you don't do that and remember your goal, you're going to be ending up as others that are selling at the bottom and only to cut their losses because they panicked.
hero member
Activity: 1694
Merit: 516
April 19, 2021, 07:11:05 AM
#5
The crypto currency space is a very volatile place where anything can happen in a short time frame. No one either experts or not can call the top and bottom in crypto currrency market; we should always remember that our business in crypto currency market, trading is to take profit.

More importantly; don't be over ambitious to help someone to buy tokens, never do it. Instead educate and teach them how to do it, and the risks involved.

I fully agree with you. Investing in crypto currencies should always be our own decision. We can make recommendations but of we tell a friend to buy a certain coin and that is going to drop in value than we are on the hook. Giving bad investment advise with certainty can ruin friendships. That is why I tell all my friends to only invest with money that they can afford to lose. And be ready to invest for a longer period of time if prices are moving in the wrong direction.
legendary
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April 19, 2021, 06:57:34 AM
#4
The crypto currency space is a very volatile place where anything can happen in a short time frame. No one either experts or not can call the top and bottom in crypto currrency market; we should always remember that our business in crypto currency market, trading is to take profit.

More importantly; don't be over ambitious to help someone to buy tokens, never do it. Instead educate and teach them how to do it, and the risks involved.

I don't understand what you mean by ambitious to help others to buy token.

Same here, the statement is quite confusing, probably there is a better word for this and not the term ambitious.  But I do agree, don't act as we know it all and offer help eagerly neglecting to inform people about the risk involved in investing in cryptocurrency.  It might backfire and put the blame on us if ever things don't go well.   And it won't help our friend if we do the buying for them, it is best for them to experience all the process themselves.
hero member
Activity: 2842
Merit: 772
April 19, 2021, 06:46:59 AM
#3
The crypto currency space is a very volatile place where anything can happen in a short time frame. No one either experts or not can call the top and bottom in crypto currrency market; we should always remember that our business in crypto currency market, trading is to take profit.

More importantly; don't be over ambitious to help someone to buy tokens, never do it. Instead educate and teach them how to do it, and the risks involved.

I don't understand what you mean by ambitious to help others to buy token.

If it is your friend, then you can just simply advise him to buy that's it. And then you can educate him or the intricacies of crypto, because it is not that easy to be honest. That's why many are entering because they think that it's a one way, and they can make money out of thin air which is very wrong.
member
Activity: 342
Merit: 24
April 19, 2021, 06:33:59 AM
#2
Good advice. I usually don't give financial advice to anyone as it can easily backfire.

However, I don't understand what the last sentence of your post mean. If someone has already decided to buy cryptocurrencies then probably asking for directions.
Of course, I wouldn't buy for someone else as this can get us in trouble with tax authorities.
member
Activity: 421
Merit: 47
April 19, 2021, 06:21:04 AM
#1
The crypto currency space is a very volatile place where anything can happen in a short time frame. No one either experts or not can call the top and bottom in crypto currrency market; we should always remember that our business in crypto currency market, trading is to take profit.

More importantly; don't be over ambitious to help someone to buy tokens, never do it. Instead educate and teach them how to do it, and the risks involved.
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