DYOR before joining!!!!!!!!!!!!!! | Bitcointalksearch.org

Ridwan Fauzi

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Quote from: Akagum on March 27, 2019, 05:19:41 AM

You are absolutely right.
The major reason why people loose money in cryptosphere is because they fail to do their own findings about a coin before jumping in to invest.
Doing your own research can save one from recording unnecessary loss.
I agree it's mostly those who doesn't have basic knowledge about Cryptocurrency that always talk about Cryptocurrency dieing and all sorts .

There are many people who felt a lost and I think is not about their mistake when choosing coins. Although they choose bitcoin to be place for investing then they will lose also because the price bitcoin fall drastically. But the factor that they didn't have basic knowledge about cryptocurrency maybe that is true, I meant if they just know the functions of cryptocurrency just for an investment only that is a big mistake.

They will eternally look at the price side without know the potential function of cryptocurrency in the future, whilst the movement price cryptocurrency are really affected by negative information especially that come from government which indeed are now scattered everywhere, sure enough they will give up easily. However, if he looks at the another factors such as cryptocurrency can be use as payment method or can be use as a fast money transfer system despite different countries, I pretty sure they will consider to sell it in a state of loss.

South Park

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Quote from: darewaller on March 28, 2019, 04:06:13 PM

Like you have said, most of this people spreading false news about Bitcoin and going about with negative vibes on Bitcoin are all newbies to Bitcoin. Sometimes I don’t blame them, what do you expect from people who commit their money into a project without a good understanding of the project.

I had a chat with a friend few days ago, he bought over 10 BTCs during the bull run and the person who introduced him never gave him any lectures, he was only told the money would multiply immediately. Now he’s so hurt and he goes about saying all sort of Negativity about Bitcoin, but after my discussion with him and I made him understand what Bitcoin is all about, he got so relaxed and promised never to say anything bad about it.I think Bitcoin optimists also have a lot of work to do from

It is a great thing that you could help your friend to understand the nature of his mistakes and to explain to him what bitcoin is really about, but bitcoin enthusiasts have no obligation to do something like that because bitcoin was created with the idea that each person should be their own bank which means that they need to assume the responsibilities of their actions and their mistakes even if those mistakes are very painful for them so remember to tell that to your friend as well.

darewaller

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Quote from: Supercrypt on March 27, 2019, 02:55:35 AM

I feel very pissed when I listen to people who complain that Bitcoin has finally crashed and this might be the end of Bitcoin. I have come to realize that most of the people who utter these statements are either new to cryptocurrency or those desperate investors who has no knowledge about long-term investment.

Most of the new investors who bought during the 2017 bull run didn’t know much about crypto, they bought to quickly increase their money and it was so disappointing to them that bear market started shortly, hence the panic. Bitcoin is not a Ponzi scheme where you drop your money today and it multiplies by double folds the next minute. What we are experiencing now is only correction/ healing process. There is no need for panics.

Like you have said, most of this people spreading false news about Bitcoin and going about with negative vibes on Bitcoin are all newbies to Bitcoin. Sometimes I don’t blame them, what do you expect from people who commit their money into a project without a good understanding of the project.

I had a chat with a friend few days ago, he bought over 10 BTCs during the bull run and the person who introduced him never gave him any lectures, he was only told the money would multiply immediately. Now he’s so hurt and he goes about saying all sort of Negativity about Bitcoin, but after my discussion with him and I made him understand what Bitcoin is all about, he got so relaxed and promised never to say anything bad about it.I think Bitcoin optimists also have a lot of work to do from

bitgolden

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I am also not worried about the market but that doesn’t mean that it is doing perfectly fine. Your analysis of 1000% increase and 600% reduction sounds lame. Bitcoin can decide to have a bull run for as long as possible and maybe a short time bear market if possible.

I just feel Bitcoin is working on coming back better or maybe it wants to give opportunity to some people like me to become super rich during the next bull run. And I don’t think you should be pissed off when you hear those who spill trash or say negative things about Bitcoin, maybe you should make them understand it better because most people that talk that way might be talking out of lack of knowledge.

Finestream

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Quote from: futile-resistance on March 27, 2019, 12:10:31 PM

Quote from: gowobonyok on March 25, 2019, 08:47:32 PM

after all, if we analyze the journey of increasing the price of bitcoin when it reaches a peak in 2017 and then falls in 2018, there is actually a very far gap from the presentation. namely the increase in bitcoin which reached 1000% and fell 600%. it's clear that the increase is greater than the decrease. therefore do not worry that the bull run will not run again, they are just taking a break for a short drink. so prepare you, want to be rich or stay like this.

It’s easy for you to understand this analysis because you have been in the cryptocurrency system. Most of the new investor’s didn’t even experience the bull run, they bought at that period and immediately the market started falling.

I think this is the reason it is difficult to convince some of them to be patient for the next bull run. like you have rightly said, Bitcoin is only taking a break for a short drink and ill add that its only having a healing process, seems so many things went wrong during the last bull run. It will surely bounce back better.

Right.The market will be green again soon.Crypto investment is really a risky one so you should make your own research before investing so that if the market price keeps on falling,you will know how to handle its pressures and should avoid panic selling in the first place.Crypto investment brings a lot of risks but if you will be patient enough to hold your coins,you will make huge gains in time.

Malsetid

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Quote from: futile-resistance on March 27, 2019, 12:10:31 PM

Quote from: gowobonyok on March 25, 2019, 08:47:32 PM

after all, if we analyze the journey of increasing the price of bitcoin when it reaches a peak in 2017 and then falls in 2018, there is actually a very far gap from the presentation. namely the increase in bitcoin which reached 1000% and fell 600%. it's clear that the increase is greater than the decrease. therefore do not worry that the bull run will not run again, they are just taking a break for a short drink. so prepare you, want to be rich or stay like this.

It’s easy for you to understand this analysis because you have been in the cryptocurrency system. Most of the new investor’s didn’t even experience the bull run, they bought at that period and immediately the market started falling.

I think this is the reason it is difficult to convince some of them to be patient for the next bull run. like you have rightly said, Bitcoin is only taking a break for a short drink and ill add that its only having a healing process, seems so many things went wrong during the last bull run. It will surely bounce back better.

If new investors would do the same mistake the earlier ones did when the price was pumping last 2017, we could have the same scenario all over again. In any investment it's important to know what you're getting yourself and your money into. It's foolish to think that just by simply riding a hype will get you profits. I hope people have learned that already.

South Park

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Quote from: Jating on March 23, 2019, 11:49:47 AM

Quote from: Ezenwanyi1 on March 20, 2019, 04:14:17 AM

I agree with your submission.
I actually had an experience of this, don't blame much.
I had just joined Crypto and it happened I read in telegram group where one one ,I think the coin is ripple.
They were talking about ripple,how that it was a good coin to buy and hold.
I didn't know there was something like ..DYOR as a noob that I was.
I rushed to binance and bought ripple ....the price then was $2+.
That was how I went bankrupt.

Aww. At least you have learn a valuable lesson here. You shouldn't just buying coins because someone has said about it. That are the strategy of most pump-and-dump groups.

But as I have said, lessons learnt, I'm sure that as you go along your trading journey, you will learn a lot of lessons and you shouldn't make that past mistakes again.

While it is better to learn from the mistakes of others, once you make a significant mistake you will learn a lesson that you are never going to forget, while I have never lost all my money in the market I have taken bad decisions like most investors and while they were very painful at the time and I was not happy about my losses I learned a lot from them and thanks to those lessons I'm finally seeing some small positive results in my investments.

futile-resistance

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Quote from: gowobonyok on March 25, 2019, 08:47:32 PM

after all, if we analyze the journey of increasing the price of bitcoin when it reaches a peak in 2017 and then falls in 2018, there is actually a very far gap from the presentation. namely the increase in bitcoin which reached 1000% and fell 600%. it's clear that the increase is greater than the decrease. therefore do not worry that the bull run will not run again, they are just taking a break for a short drink. so prepare you, want to be rich or stay like this.

It’s easy for you to understand this analysis because you have been in the cryptocurrency system. Most of the new investor’s didn’t even experience the bull run, they bought at that period and immediately the market started falling.

I think this is the reason it is difficult to convince some of them to be patient for the next bull run. like you have rightly said, Bitcoin is only taking a break for a short drink and ill add that its only having a healing process, seems so many things went wrong during the last bull run. It will surely bounce back better.

Akagum

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You are absolutely right.
The major reason why people loose money in cryptosphere is because they fail to do their own findings about a coin before jumping in to invest.
Doing your own research can save one from recording unnecessary loss.
I agree it's mostly those who doesn't have basic knowledge about Cryptocurrency that always talk about Cryptocurrency dieing and all sorts .

Ziskinberg

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Quote from: Cashi on March 25, 2019, 07:33:27 PM

Problems occur when people are willing to get quick rich and discard doubts about the legitimacy of the project. They see the profits or ROI only to become rich in a few month. The reality is different from this and scammers hope for people of this type to fall for the scam.
Same with pump and dump groups, it's always the same if people want to make quick bucks. They end at a loss.

Not all the time, pump and dump is a game, so if you are good you will win.
But this is too risky, therefore I will avoid this kind of game, it's better to trade on high volume coins so you can do a day trading on it or hold it long term.

Supercrypt

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Quote from: olabiyijummy02 on November 28, 2018, 12:12:07 AM

I don't know if I am the only one that is not worried about the market and feel it is doing fine?

I see different posts about people saying different things like "it is the end", "crypto is dead", "I lost it all, it is time to get out" blah blah blah and I get pissed off. Most people don't do a proper research before FOMO into crypto and confuse it for a get rich quick scheme.
I definitely know the bull run will come but I am not expecting it soon. We just saw a massive bull run about 13 months ago and I think it is too early too see another, because there needs to be room for market correction, which is presently happening. Last year the price of Btc increased by about 1000% and has only reduced by about 600% which means there is still room for more correction. So do away with the fantasy that bull run will occur every year to get you rich and face the reality.

It is only the weak hands that are complaining while the wise ones are taking advantage of the market to get good altcoins at cheap prices.

What is you thought? Huh

You are right. I feel very pissed when I listen to people who complain that Bitcoin has finally crashed and this might be the end of Bitcoin. I have come to realize that most of the people who utter these statements are either new to cryptocurrency or those desperate investors who has no knowledge about long-term investment.

Most of the new investors who bought during the 2017 bull run didn’t know much about crypto, they bought to quickly increase their money and it was so disappointing to them that bear market started shortly, hence the panic. Bitcoin is not a Ponzi scheme where you drop your money today and it multiplies by double folds the next minute. What we are experiencing now is only correction/ healing process. There is no need for panics.

gowobonyok

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after all, if we analyze the journey of increasing the price of bitcoin when it reaches a peak in 2017 and then falls in 2018, there is actually a very far gap from the presentation. namely the increase in bitcoin which reached 1000% and fell 600%. it's clear that the increase is greater than the decrease. therefore do not worry that the bull run will not run again, they are just taking a break for a short drink. so prepare you, want to be rich or stay like this.

Cashi

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Problems occur when people are willing to get quick rich and discard doubts about the legitimacy of the project. They see the profits or ROI only to become rich in a few month. The reality is different from this and scammers hope for people of this type to fall for the scam.
Same with pump and dump groups, it's always the same if people want to make quick bucks. They end at a loss.

sclmte

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ICO, namely the Initial Coin Offering, is an effort of startup companies that want to raise funds to develop and maximize projects that have been planned by offering investors their tokens or coins that are valued by cryptocurrency.

Many people are very interested in investing their money in the world of cryptocurrency such as Bitcoin, Ethereum or other coins (Altcoins). Investment forms also vary, such as trading and ICO participation. But does ICO guarantee benefits? Of course in every case it must have risks and benefits. ICO is an alternative way where there is low risk, high reward. But how do you minimize risk in ICO elections? There are many factors that need to be considered in choosing ICO to invest. The following are 12 things that must be considered in choosing ICO.
1.Idea
2. Team
3. Advisor
4. Hard Cap
5. Hype
6. Product / Good
7. Target/Load Map
8.Competition
9. Sales tokens
10. Marketing
11. Bunks
12. Use coins /Tokens

asrafkhairulazzam22

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Quote from: Sarastiche on November 30, 2018, 05:42:35 PM

Some investors in the cryptocurrency space are all out for regular profit, crypto is not a ponzi scheme, it is a platform well structure to experience the up and down market trend, To build confidence in the space ensure you are equiped with current knowledge relativeto the happening in the space per time.

yes the bear market has scared investors to invest. chances are investors will come back if the fundamentals of bitcoin are back strong like last year.

shesheboy

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Quote from: Btchunter3333 on March 23, 2019, 05:37:02 PM

Yes always do research before joining and invest in something and if something is not clear do research again and ask someone from community or read reviews if there are.

That seems pretty easy to say but its actually hard to do especially if you are already on the situation . the problem for the investors is that they have the knowledge and skills but they are lazy to do a quick or deep research about the project that they are trying to invest with . they only listen on their instincs but instincs can sometimes be correct .

Quote from: STT on March 23, 2019, 07:53:43 PM

How much research do you put into something you have no interest in otherwise, thats the problem. People get more interested after they 'invested' something.

Yes thats always the case that happens . ive seen alot of people who invest on anything even if they are not familliar with because they are only doing it in the name of money . its really boring and hassel to research on a thing that doesnt gets your interest but eventually you will try to learn them if the status of your investment is already in crititcal state .

noormcs5

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Quote from: Ezenwanyi1 on March 20, 2019, 04:14:17 AM

I agree with your submission.
I actually had an experience of this, don't blame much.
I had just joined Crypto and it happened I read in telegram group where one one ,I think the coin is ripple.
They were talking about ripple,how that it was a good coin to buy and hold.
I didn't know there was something like ..DYOR as a noob that I was.
I rushed to binance and bought ripple ....the price then was $2+.
That was how I went bankrupt.

I have seen most of the telegram and whatsapp group are made on crypto trading signals and the whole purpose of them is to collect the money from the newbie traders and provide them signals which have no grantee that they will be successful or not. We should avoid such groups and develop our skills so that we can DYOR.

binhvo1505

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The losers always complain about the market. Meanwhile, there are many IEO events taking place and investors are still very profitable from investing in it.
those who spend time complaining won't get the best strategy to make money. they will always be losers. Cheesy

semobo

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When someone don't even have their own research about the thing before on what they were investing then how can they expect returns from it.
Better atleast get the basic knowledge about the projects by just blindly investing based on the price.

STT

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How much research do you put into something you have no interest in otherwise, thats the problem. People get more interested after they 'invested' something. My suggestion is to balance what you put into any project, so a speculative amount on your initial impressions and something you can afford to lose if badly wrong. Thats ok, take a ladder approach and dont be tempted or enticed into over allocating funds to something you are still guessing on

Topic: DYOR before joining!!!!!!!!!!!!!! (Read 760 times)