Don't invest money you can't afford to lose out of greed. - page 5.

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To the Moon

Quote from: Dzwaafu11 on April 10, 2023, 01:44:38 PM

...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. ..

This rule also applies to all investments, not just cryptocurrency. Accordingly, you can lose your money by investing it in a real business, but the chance of losing it is much higher if you invest in cryptocurrency. So it is necessary to take care of your money, as it is much more difficult to earn it than to lose it.

Marykeller

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In order to truly invest safely in crypto and relax, one should purchase bitcoin. Altcoin investment these days is no longer safe and secure. A popular altcoin may be scammed or compromised by hackers. Just yesterday, hackers broke into Sushi Swap, stealing around $3 million.
Sushi Swap hack info
I've been feeling horrible ever since I heard the news because no one can predict which other altcoins may be compromised by hackers tomorrow. It's a pity that crypto has now become a place, hackers can hack into and siphon people's money

Zaguru12

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Quote from: Dr.Bitcoin_Strange on April 10, 2023, 02:22:31 PM

I wonder why a newbie would even want to invest in altcoins. Crypto newbies may not even be aware of how to look at a project white paper and identify if there are some tricky things with it. Newbies don't know fully well how to check the Twitter, Telegram, LinkedIn, Discord, and other social platforms of a project to decide if it's a project to risk their funds for.

Funny enough The social media this days is one of the last places to go and do research on new cryptocurrency projects. Infact it was through social media promotions or hypes by celebrities that newbies have the narrative of getting rich quick through cryptocurrency. Some of these Alticoins have a very well established and even verified account to promote these projects that end up dumping.

I don’t warn People not to invest in all these alts because some of them turn out to have a great pump during the bull run I will always warn people that these alts are more less gamble to accumulate and shouldn’t be placed in same category as bitcoin. And one who is looking for an asset to invest in should stick to bitcoin only

Dr.Bitcoin_Strange

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Leading Crypto Sports Betting & Casino Platform

Quote from: Dzwaafu11 on April 10, 2023, 01:44:38 PM

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.

I wonder why a newbie would even want to invest in altcoins. Crypto newbies may not even be aware of how to look at a project white paper and identify if there are some tricky things with it. Newbies don't know fully well how to check the Twitter, Telegram, LinkedIn, Discord, and other social platforms of a project to decide if it's a project to risk their funds for. So newbies wasting their time on altcoins may result in the fact that they are just burrying their funds in a snowy environment that cannot melt when warmth comes. It is wise if newbies clearly stay away from altcoins. Even some experienced crypto enthusiasts sometimes get disappointed along the way when they try to take advantage of some altcoin pump and dump price manipulation.

Dzwaafu11

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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.

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.

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.

Topic: Don't invest money you can't afford to lose out of greed. - page 5. (Read 661 times)