Every beginners should definitely know this that everything about making an investment involves taking risk, most especially in dealing with other cryptocurrencies aside bitcoin, whereby we don't know the genuine intention of the developers, also we needed to have it in mind that everything has time a d season, we shouldn't rush or overracted in doing something, we have to put it at the back of our mind that ultimate research is needed and we should secure our investment and always make it private.
That is why in every investment we dare to risk, there should be an intensive research done and establish patience before everything puts into reality. Otherwise, it would be too risky for us to invest without through preparation and even expect huge profits at an instant. We should bear in mind that any investment takes time to prosper, and bitcoin is never an exception. In fact, for you to be able to maximize your profits, you have to patiently invest in it for years and expect positive income in the end. 
Topic: Don't invest money you can't afford to lose out of greed. (Read 712 times)
The information contained here, is more than the offer of gold. The present crypto space has been invaded with different kind of projects paraded by scammers. As a newbie in the crypto space, bitcoins is the way to go until you have a proper knowledge about altcoins and how to recognize those ones that can survive the test of time. The promise of high unrealistic APR and increase in price is a red flag to some of those projects.
Your words are too wise but I was really worried about it considering you are one consistent bounty hunter to spam social media with some scam projects. Why did you waste so much time doing it instead of learning so much about bitcoin? Don't you feel it's worth your effort?Bitcoin is a wise choice to be the main goal for non-experience beginners, but they must learn and know how to avoid mistakes that will completely cost them. Beginners can buy and hold while learning bitcoin, bitcoin is recommended than of altcoin.
The information contained here, is more than the offer of gold. The present crypto space has been invaded with different kind of projects paraded by scammers. As a newbie in the crypto space, bitcoins is the way to go until you have a proper knowledge about altcoins and how to recognize those ones that can survive the test of time. The promise of high unrealistic APR and increase in price is a red flag to some of those projects.
Yes, bitcoin is always the primary choice for crypto investment. It's always at the top and in the last years, we never experienced problems in its network, unlike the other blockchains and projects that are experiencing hacks and other issues.
Any project that provides a high APR is already unreliable. Maybe 6% is the highest but this is not even suitable for new projects and those that have low volume in the market. I would rather enjoy gambling with good chances of winning, especially in sports than risk in any hyped crypto projects that have bad tokenomics.
The information contained here, is more than the offer of gold. The present crypto space has been invaded with different kind of projects paraded by scammers. As a newbie in the crypto space, bitcoins is the way to go until you have a proper knowledge about altcoins and how to recognize those ones that can survive the test of time. The promise of high unrealistic APR and increase in price is a red flag to some of those projects.
Bitcoin is the only crypto coin who has survived more than a decade and obviously, that’s what made it more reputable and reliable compared to majority of altcoins that are eventually losing their value after a year or two of existence. So if you want to take the risk when investing, just stick to bitcoin and never be tempted to trust altcoins especially with their too good to be true promised goals. Altcoins may be profitable at first but it’s only bitcoin who will give you consistent profits throughout the years.
I believe what distinguishes Bitcoin from other Layer 1 blockchains is the absence of other tokens like Ethereum. When you examine Ethereum's performance, you will see that it has developed significantly in the same way that Bitcoin has over time, but it is constantly experiencing setbacks due to the tokens in its ecosystem, and what happens most frequently is that investors are duped by those small projects, either by rug pull or sell off by the team, and the trust is no longer there with the investors in the Ethereum chain, anuything that Bitcoin currently has, I believe Ethereum also has it.
I completely agree with your advice. It's important for new investors in the cryptocurrency industry to exercise caution and do their own research before investing. The cryptocurrency market can be very volatile and unpredictable, and investing large sums of money without proper knowledge and research can lead to financial losses.
It's also important to diversify your investments across different projects and not put all your eggs in one basket. While Bitcoin may be considered a safer investment option, it's still important to research and understand the risks associated with investing in it.
In addition, investors should be wary of anyone promising guaranteed returns or making unrealistic claims about the potential for huge profits. These are often scams and should be avoided at all costs.
Overall, investing in cryptocurrency can be a great opportunity, but it's important to approach it with caution and make informed decisions based on thorough research and understanding of the market
It's also important to diversify your investments across different projects and not put all your eggs in one basket. While Bitcoin may be considered a safer investment option, it's still important to research and understand the risks associated with investing in it.
In addition, investors should be wary of anyone promising guaranteed returns or making unrealistic claims about the potential for huge profits. These are often scams and should be avoided at all costs.
Overall, investing in cryptocurrency can be a great opportunity, but it's important to approach it with caution and make informed decisions based on thorough research and understanding of the market
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I want to use this opportunity to warn newbies not to be deceived by the idea of becoming wealthy quickly <...>
In fact, I would advise newbies to stay away from altcoins and only invest in Bitcoin in order to be on the safe side of the game,
I want to use this opportunity to warn newbies not to be deceived by the idea of becoming wealthy quickly <...>
In fact, I would advise newbies to stay away from altcoins and only invest in Bitcoin in order to be on the safe side of the game,
I agree with you completely, comrade. The fundamental mistake that people tend to make when they think about getting rich is to be in a hurry, and this often leads to losing everything. In the environment we are in, it also often leads to trying to guess the next altcoin that will make 100x in a short period of time.
This topic makes me feel some how,do some people really invest because of greed? I don't think any one invest because of greed, every one is looking for a way to have financial freedom,and they invest to be alright,I don't really think there is greed in investment.When we invest,we need profit,a gain that will satisfy us,one that will make us financially bouyant without complaint,but some persons see it as greed.
What you say is not true, mate. Yes, there are greedy people who invest greedily, and by no means all of us who invest are seeking financial freedom. Many of us are simply securing an easier future. I think you make the mistake of thinking that everyone thinks like you do.
Every beginners should definitely know this that everything about making an investment involves taking risk, most especially in dealing with other cryptocurrencies aside bitcoin, whereby we don't know the genuine intention of the developers, also we needed to have it in mind that everything has time a d season, we shouldn't rush or overracted in doing something, we have to put it at the back of our mind that ultimate research is needed and we should secure our investment and always make it private.
Investing what you can afford to loss! Nobody want to invest to loss, sometimes is good to take a risk, there is saying that most of the successful people in the world today are all risk taker, if one is not ready to take a risk then that person is not ready to be successful, the main ideology is investing wisely and do not get too greed, and what I mean by do not get too greedy, is no one get rich overnight, is a process. so, where most people get carried away is when they have that mindset of getting rich immediately, that is where the greed comes to play. 
Every beginners should definitely know this that everything about making an investment involves taking risk, most especially in dealing with other cryptocurrencies aside bitcoin, whereby we don't know the genuine intention of the developers, also we needed to have it in mind that everything has time a d season, we shouldn't rush or overracted in doing something, we have to put it at the back of our mind that ultimate research is needed and we should secure our investment and always make it private.
Remember that all that glitters is not gold. Newbies should never forget about it and should never be obsessed in investing a lot of crypto coins hoping to get huge profits in the end. This is not the case in crypto, the longer the crypto lives, the more it becomes profitable. And obviously, it’s only bitcoin that has survived over a decade, and the rest are just good at the start but never sustain their value in the long run. That’s why we should only invest in bitcoin and get rid of altcoins. 
every time we are bound to be met newbies who feel their choices are always the most appropriate and most correct even though that is just a delusion created by watching videos from shitcoin influencers.
I once had a big debate with a friend who claimed that altcoins were much better and more profitable than bitcoin but what is happening now, his capital is hidden because the shitcoin he bought has never experienced a price increase again even though at that time I advised him to think twice about buying the altcoins.
I once had a big debate with a friend who claimed that altcoins were much better and more profitable than bitcoin but what is happening now, his capital is hidden because the shitcoin he bought has never experienced a price increase again even though at that time I advised him to think twice about buying the altcoins.
It often happens to beginners that maybe they don't have enough knowledge and references in their introduction to Cryptocurrency, they believe more in Altcoins than Bitcoin and maybe this is caused by their lack of knowledge about cryptocurrencies. because this factor actually requires them to be able to learn in advance which ones are good in the world of cryptocurrency and that doesn't mean that Altcoins are not good, it's just that research is needed in choosing the right Altcoin, because there are some shitcoins that are not very good.
Many beginners who jump into crypto investing are careless and don't understand the risks involved that can cost them. There are many aspects to consider when choosing a crypto coin to invest in, such as liquidity, market cap, adoption and development team.
It is also important for beginners to understand that not all crypto coins are created equal. There are some that have strong fundamentals and the potential to last a long time, while others may only be temporary and high-risk trends.
Your advice to choose Bitcoin as a long-term investment is appropriate. Bitcoin has a large market capitalization and is recognized by many as the most stable and reliable crypto coin. However, as you said, this is not an instant investment and it can take time to see results.
In crypto investing, it is important to have discipline and avoid greed. FOMO can cause someone to buy crypto coins without adequate research and chase trends without regard for the coin's fundamental value. Beginners should do sufficient research and make decisions based on careful analysis and good investment skills.
It is also important for beginners to understand that not all crypto coins are created equal. There are some that have strong fundamentals and the potential to last a long time, while others may only be temporary and high-risk trends.
Your advice to choose Bitcoin as a long-term investment is appropriate. Bitcoin has a large market capitalization and is recognized by many as the most stable and reliable crypto coin. However, as you said, this is not an instant investment and it can take time to see results.
In crypto investing, it is important to have discipline and avoid greed. FOMO can cause someone to buy crypto coins without adequate research and chase trends without regard for the coin's fundamental value. Beginners should do sufficient research and make decisions based on careful analysis and good investment skills.
Every beginners should definitely know this that everything about making an investment involves taking risk, most especially in dealing with other cryptocurrencies aside bitcoin, whereby we don't know the genuine intention of the developers, also we needed to have it in mind that everything has time a d season, we shouldn't rush or overracted in doing something, we have to put it at the back of our mind that ultimate research is needed and we should secure our investment and always make it private.
The problems some beginners do have is that they only imagine only profit they can make in cryptocurrency, it feels as if the market will always be in favour to their investment, so they do not think about the risk in the Market that can run down the plan of an investment if one is not very careful. Cryptocurrency is a profitable investment and it is also has some level of risk involve in it, because of the risk that is concerned with it beginners should be careful in investing only what they can afford to lose and never to think that crypto can make one to be rich . 
This topic makes me feel some how,do some people really invest because of greed? I don't think any one invest because of greed, every one is looking for a way to have financial freedom,and they invest to be alright,I don't really think there is greed in investment.When we invest,we need profit,a gain that will satisfy us,one that will make us financially bouyant without complaint,but some persons see it as greed.
What I can call greed is when one is already fine,financially bouyant,and still invest as if he doesnt have nothing,that is when I can say one invests out of greed,if not,we just need to be okay,to be financially stable,and that's all.
What I can call greed is when one is already fine,financially bouyant,and still invest as if he doesnt have nothing,that is when I can say one invests out of greed,if not,we just need to be okay,to be financially stable,and that's all.
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PEPE? I thought that only like a Twitch-related stuff and I did not really expect any meme coins coming from it, but I guess...well it is a meme coin. 
What can I say? I guess people were more like into hypes rather than utility of coins anyway. I wouldn't risk myself though. It is not just worth my mental health and my money to invest to any internet culture that should just stay as an internet culture.
This has been said countless times...
It's actually the reasons why anyone would wanna get on the quest to learn before the idea of creating an opportunity to earn. You can't earn as much as you think without learning on 'em preferences to do so... Every other time, the idea of seeing the learning process as a "waste of time" is usually the same idea that thrives the greed in 'em rookies, to COVERT all they want In a twinkle of an eye.
I will Always advise every newbie to quit the idea of rushing into anything.... That's actually what kills the zeal Cus you'll actually lose woefully.
Sandra 🧑🦰
It's actually the reasons why anyone would wanna get on the quest to learn before the idea of creating an opportunity to earn. You can't earn as much as you think without learning on 'em preferences to do so... Every other time, the idea of seeing the learning process as a "waste of time" is usually the same idea that thrives the greed in 'em rookies, to COVERT all they want In a twinkle of an eye.
I will Always advise every newbie to quit the idea of rushing into anything.... That's actually what kills the zeal Cus you'll actually lose woefully.
Sandra 🧑🦰
I've noticed that a lot of people are entering the cryptocurrency sector to invest in one or two projects because they've heard that bull run is on away coming and that have many people have plans to invest a sizable sum of money in some way to ensure they don't miss the opportunities.
It will be beneficial to see more people investing in the cryptocurrency sector, particularly in bitcoin. Nobody who is aware of the cryptocurrency market and the impending bull run would want to miss the upcoming chance. I want to use this opportunity to warn newbies not to be deceived by the idea of becoming wealthy quickly by investing a sizable sum of money that they cannot afford to lose in the cryptocurrency industry. They should be aware that no any crypto advisor will advise anyone to invest their entire life savings in any project that it will do 10x, since nobody can predict the future of crypto industry, and with that anyone who claim so, is a lier.
The cryptocurrency sector is not a place where someone can get rich quickly, and having that kind of mindset could cause someone to invest in a project that is not up to par for a person to invest in.Many new projects will launch during a bull run, but many of them will turn out to be scams but at beginning with hype by crypto influencers it will look pretty good to invested in. If you're eager to succeed quickly, you risk being blind and investing in a scam project.
In fact, I would advise newbies to stay away from altcoins and only invest in Bitcoin in order to be on the safe side of the game, as there will be many shitcoins that will not recover after this bear market.
As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.
As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.
As you stated, the best advice you can provide for beginner is to invest just in Bitcoin.Some alternative currencies are not harmful to invest in, but the issue is that beginners could be lack the good knowledge to properly study a cryptocurrency before investing. As a result, I agree with the advise given to beginners to adhere to only Bitcoin.
Let them do their thing, it's not as if all new projects are going to rugpull on investors like that, many of those investors you talking about are born ready to risk their money and only less people are scared of losing their money.
Yesterday I found out that a meme coin called PEPE turned many into millionaires in a very short period of time, this mem coin has only 400,000 market cap when I came across the project and now its in millions, those who invested 50$ are now in millions of dollars. What will you say to this?
Those who took the opportunity will be in good shape right now and then can use the money to reinvest in Bitcoin and other big projects.
There should be nothing wrong if you are using the money you can afford to lose to invest in projects. Taking risks always have it's paying day.
Yesterday I found out that a meme coin called PEPE turned many into millionaires in a very short period of time, this mem coin has only 400,000 market cap when I came across the project and now its in millions, those who invested 50$ are now in millions of dollars. What will you say to this?
Those who took the opportunity will be in good shape right now and then can use the money to reinvest in Bitcoin and other big projects.
There should be nothing wrong if you are using the money you can afford to lose to invest in projects. Taking risks always have it's paying day.
In fact, I would advise newbies to stay away from altcoins and only invest in Bitcoin in order to be on the safe side of the game, as there will be many shitcoins that will not recover after this bear market.
As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.
As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.
Though I do agree with your statement, there are still some notable altcoins that are worth investing on. For example, ETH is a great altcoin where you can potentially earn large sums of money at the end but this would require either a short/long-term investment on your side. But if a person wants to maximize and capitalize on his investments, then investing in BTC may be the best move.
Personally, investing in BTC is the way to go. If you pair it up with one's personal research about the market and potential breakthroughs, the chances of a person profiting at the end is significantly high compared to the average person who invests without any resource or information at hand.
So OP, it's not all altcoins are bad for investment, and I started with both altcoins and Bitcoin, it's less fun for me if I can't figure out why one is better than the rest.
First I did crypto trading to accumulate more Bitcoin. I use BTC altcoin pairs to do that. I think I succeeded, I was able to earn more BTC and help me in financial matters.
There are standards of bad altcoin categories that should be equated. So if we lead to profits, then we can use bad category altcoins to make profits. But there is a note that there may have to be noted, don't hold back for long it is better to enter the profit and leave. We only take advantage of the moment, not the quality of the coin or token.
Op your advices are so visible to every eyes, so I wish it can sink in the brain of every member reading it, though I'm always saying it too, I don't see any reason why someone should even invest with what you can't afford to lose, and later start been emotional when we all know Bitcoin is 50/50 either you make gain or loses, greed is another issues some bitcoiners are having, if you incurre loses in any trade, I will advice you relax first, monitor the trade before investing again, but some bitcoiners will want to regain any loses they incurre at once, and this will lead them to incure more loses, so I just hope they could avoid been greedy and trade with caution, thanks op for the lovely advice...
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