How will you advice a newbie about this in 2024?

sotelorene

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Quote from: Xril2024 on June 03, 2024, 08:07:58 PM

Day by day people are more and more inclined towards cryptocurrencies. Investing their precious money here. You must know well to invest your precious money. Because scammers are constantly trying to mislead newbies. Groups with bad intentions will take money from the inexperienced during bear markets. They will not be found when the bull market arrives. If you want to invest your precious money then do it in Bitcoin. Do more research before investing in shitcoins or altcoins.

Sorry to ask what do you mean by investing your precious money. Is there any money that is not precious. The reason most people don't invest in Bitcoin is not because they don't believe it will do better but because Bitcoin is mostly a long term investment so most people don't have that patient they just want to get rich overnight that is why they are always a victim of shitcoin and alt cause they believe this coin can make them rich overnight and off course it can but not all the time and sometimes before you get that particular one that will make one rich overnight one has already waste his/her money on fake projects. Life is a gradual process, if you rush things you will definitely miss it.

Xril2024

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Day by day people are more and more inclined towards cryptocurrencies. Investing their precious money here. You must know well to invest your precious money. Because scammers are constantly trying to mislead newbies. Groups with bad intentions will take money from the inexperienced during bear markets. They will not be found when the bull market arrives. If you want to invest your precious money then do it in Bitcoin. Do more research before investing in shitcoins or altcoins.

Kristiyana

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Quote from: Issa56 on June 03, 2024, 11:57:39 AM

Quote from: Z390 on May 29, 2024, 01:45:51 AM

The year is 2024 and we still have many newbies flooding into crypto space as we speak, they have one goal in mind, to make money from crypto projects, we all can't change their minds to go for Bitcoin only, at least until they get better with doing their own research.

Everyone in the crypto space has the mindset of getting rich, not just the newbies. What I know the newbies are always doing is looking for quick ways to make money in the crypto space, which is very wrong, most of them do end up being scammed. If you are just joining crypto, I will only encourage you to invest in bitcoin, but I will never force you. After telling you the necessary things that you should know, it’s left for you to follow what I say or not.

Quote from: Z390 on May 29, 2024, 01:45:51 AM

For example, copied white paper is no longer a big red flag like before, I said this because even big projects do this today, and change some things in a whitepaper or let me use the word "finetune" to their own tastes.

If I can see a project with copied white paper, then it’s a total red flag for me. What do you have to offer when you can’t just take your time to write your white paper yourself? I can never invest my money in any project that copies a white paper, I don’t care if the project is big or not.

You're right investing your money in a project that copied white paper is very risky, because most of those project happens to be scam, though there are some project that do copied white paper of other projects but yet there are still legit. but i will never recommend anyone to invest in a project that copy white paper of other projects because such project can be very risky. Of course you wouldn't care how big the project is, mostly when Money is involved, however we just need to be careful with those project.

Issa56

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Quote from: Z390 on May 29, 2024, 01:45:51 AM

The year is 2024 and we still have many newbies flooding into crypto space as we speak, they have one goal in mind, to make money from crypto projects, we all can't change their minds to go for Bitcoin only, at least until they get better with doing their own research.

Everyone in the crypto space has the mindset of getting rich, not just the newbies. What I know the newbies are always doing is looking for quick ways to make money in the crypto space, which is very wrong, most of them do end up being scammed. If you are just joining crypto, I will only encourage you to invest in bitcoin, but I will never force you. After telling you the necessary things that you should know, it’s left for you to follow what I say or not.

Quote from: Z390 on May 29, 2024, 01:45:51 AM

For example, copied white paper is no longer a big red flag like before, I said this because even big projects do this today, and change some things in a whitepaper or let me use the word "finetune" to their own tastes.

If I can see a project with copied white paper, then it’s a total red flag for me. What do you have to offer when you can’t just take your time to write your white paper yourself? I can never invest my money in any project that copies a white paper, I don’t care if the project is big or not.

Taskford

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Quote from: OcTradism on June 01, 2024, 10:32:19 PM

Quote from: Belarge on June 01, 2024, 05:04:48 PM

Newbies are open to risks because they have few or zero idea about the projects in the market, unable to differentiate between a solid projects and scamming ones. Knowledge is power and gaining possession will definitely boosts one to become formidable and promising for crypto projects. Advise a newbie in the present day of trading and investing? I think everyone is man enough and they know exactly the scenario of the market. It's filled with volatility and probably out of line.

Newbies were scammed because they don't look for anything more than opportunities to be rich quickly.

Because their main concern is get rich quickly, they are more vulnerable to scammers. Lazy and greed, put newbies more closely to scam projects but they don't realize this risk before they were scammed. It's too late after money stolen, scammed but it's their full responsibility by ignoring many warnings about scam.

The Cryptocurrency Scam Book.

Unfortunately not all newbies have access for all information they need especially if this is their first investment since for sure they will be convince by some people they trust that's why there are people got victimized on any schemes used by scammers.

We all know that if they could just do a research first they can avoid it but their knowledge is so fresh regarding on this and they don't have proper assessment on everything they do since they have limited knowledge about this things. But for sure after the first scam happened they learned a valuable lesson and this is important thing they need to consider. For sure this people will now do their research especially if they read a lot of unfortunate stories on each experiences happened by their fellow investors.

But we can't really deny that its important to research first but unfortunately not every know where to start since they have almost zero knowledge when they are starting up.

Velemir Sava

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For us to lead this Opinion and to get a nod from them is certainly not an easy thing, where my assumption is that they will still do their own research by buying cheap coins on the market, regardless of memes or not.

But, over time they will finally find the awareness to buy what has been proven to perform well and dominate the market performance and even come to the conclusion that BTC is the real answer to investing in the crypto world and what they are looking for, they will realize how the price changes with quickly and speculated by the big players in the market when it is not what they hold best.

OcTradism

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Quote from: Belarge on June 01, 2024, 05:04:48 PM

Newbies are open to risks because they have few or zero idea about the projects in the market, unable to differentiate between a solid projects and scamming ones. Knowledge is power and gaining possession will definitely boosts one to become formidable and promising for crypto projects. Advise a newbie in the present day of trading and investing? I think everyone is man enough and they know exactly the scenario of the market. It's filled with volatility and probably out of line.

Newbies were scammed because they don't look for anything more than opportunities to be rich quickly.

Because their main concern is get rich quickly, they are more vulnerable to scammers. Lazy and greed, put newbies more closely to scam projects but they don't realize this risk before they were scammed. It's too late after money stolen, scammed but it's their full responsibility by ignoring many warnings about scam.

The Cryptocurrency Scam Book.

tabas

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In real life, we don't patronize plagiarized documents and the governments rule is even giving a sanction and punishment to those that will be caught doing it. That's why I am saying that if they are for the new products, they need to put at least a couple of their minutes in reading it and trying to figure out if they've read the same thing somewhere else. Because even if you go to the Services section, you'd see people offering making a project's whitepaper. You'll never know if that's a copied and modified one from the past projects that they've worked or they even copied that as well as they purchase it if ever they've worked for a project in the past.

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Quote from: Franctoshi on May 29, 2024, 09:51:12 AM

The problem that most newbies face is that they are quick to earn money in the crypto space, and yes this is why we are here but not to start your journey with shitcoins in my opinion, it is better to start with known projects that already exist which has use case and profit potential than looking for shitcoins where most of them end up getting screwed and some would still come back here crying how they lost their money when they've failed to do the right thing, investing in altcoins or shitcoins isn't totally bad in as much as you are able to catch the right one that will give you the desired profit ,but should be when you must have gotten a good knowledge about how the crypto space works.

Newbies are open to risks because they have few or zero idea about the projects in the market, unable to differentiate between a solid projects and scamming ones. Knowledge is power and gaining possession will definitely boosts one to become formidable and promising for crypto projects. Advise a newbie in the present day of trading and investing? I think everyone is man enough and they know exactly the scenario of the market. It's filled with volatility and probably out of line.

aylabadia05

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Quote from: Z390 on May 29, 2024, 01:45:51 AM

The year is 2024 and we still have many newbies flooding into crypto space as we speak, they have one goal in mind, to make money from crypto projects, we all can't change their minds to go for Bitcoin only, at least until they get better with doing their own research.

Coming from someone who is also into other projects different from Bitcoin, I have seen a lot of things unfold in this space.

If their motivation for coming into the crypto space is to join a project to make money, I think they will do anything even if it means wasting their time.
For example those who promote bounty projects on social media campaigns with no limit on how much one user is allowed.
But if they are willing to do their own research after reading our posts that we do continuously every day, I think it can help them to do what they are supposed to do.

Awaklara

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Quote from: Jegileman on June 01, 2024, 01:49:36 PM

Quote from: Z390 on May 29, 2024, 01:45:51 AM

For example, copied white paper is no longer a big red flag like before, I said this because even big projects do this today, and change some things in a whitepaper or let me use the word "finetune" to their own tastes.

I am willing to ask the audience though, so here it is, is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

If a white paper to a project is copied/plagiarised, I see it as a big red flag to that project. It is okay to see projects having the same end goals to their project, but the pattern or the process of getting it done always differs. Even when three projects have the same goal, I still think they can always have different white paper. The way I will put my approach down will be different from the way the second person will put is approach down even if we are for the same end project goals to be met. It’s just a big red flag to me and will always be for projects to have the same white paper for their projects.

In the past, when the popularity of ICO projects increased greatly, those who would put their money into a new project would check the white paper seriously. the existence of white paper plagiarism indicates that there is an element where the project will deceive investors. and it should be strictly avoided.

new people in the industry are thinking more about making money from crypto. anything that increases in popularity in the market will get the attention it deserves. Now everyone must better understand the risks and intentions of the project.

Jegileman

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Quote from: Z390 on May 29, 2024, 01:45:51 AM

For example, copied white paper is no longer a big red flag like before, I said this because even big projects do this today, and change some things in a whitepaper or let me use the word "finetune" to their own tastes.

I am willing to ask the audience though, so here it is, is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

If a white paper to a project is copied/plagiarised, I see it as a big red flag to that project. It is okay to see projects having the same end goals to their project, but the pattern or the process of getting it done always differs. Even when three projects have the same goal, I still think they can always have different white paper. The way I will put my approach down will be different from the way the second person will put is approach down even if we are for the same end project goals to be met. It’s just a big red flag to me and will always be for projects to have the same white paper for their projects.

Churchillvv

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Quote from: Z390 on May 29, 2024, 01:45:51 AM

I am willing to ask the audience though, so here it is, is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

Personally I'm not really interested in this new projects, after knowing that most are just a pump and dump project that rocks the bull season, i have reduced the rate at which I give attention to them.

Copied, white papers should even make someone leave this new projects generally after encountering more than one same copied white paper, even the big projects as you said earlier are no longer big projects in my eyes because they all follow the same ways.

Quote from: Z390 on May 29, 2024, 01:45:51 AM

Because this days, roughly all projects have same utilities, and also white papers, the only real difference I can see is the team members, and the money they are able to raise, is it a good advice to tell a newbie to count more on the team past experinece? Because saying this means that the team will atleast know how to do marketing and pump their token on their first bull market experience.

Are team members really a good differences? I don't think so because what will be will be, no matter what team handles the project it will still end up being a scam. one thing is certain most altcoins or new projects are scams, shitcoins they don't really have any good use because almost all the utilities they might want to offer has been offered by already existing projects.

Cryptomultiplier

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Quote from: Bushdark on June 01, 2024, 03:01:25 AM

The cryptocurrency market is increasing daily and people are now seeing need to put their money into cryptocurrency.
I think with time people would see good reason why they ended to put their into cryptocurrency when they might been seeing lots of reviews about the market. The world is changing and we keep seeing newbies joining the cryptocurrency space which is a good new buy they would have to be careful about their portfolio and what they are buying with the plan to hold for months.

The success of Bitcoin has led to so many other altcoins rising up and even though they try to copy the white paper of many of the successful coins that are still of value today besides Bitcoin, it a sure thing that cryptocurrency is here to stay and a future currency of value that even with a HODLing investment or spot ETF investment in any rising cryptocurrency, one is sure to get a very reasonable return after a while, but for most, the long term holders actually benefit more that short term holders.

In 2024, it is okay to diversify ones portfolio for trading and making of quick profit, but for long term holdings and investment, it is still advisable to stick to Bitcoin investment and presumably the others which rank 2nd and third on the list of the most successful crypto currencies because incase of government acceptance and rejection, one isn't left stranded even with the current cases of inflation as recorded in many countries.

Kristiyana

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Quote from: Franctoshi on May 29, 2024, 09:51:12 AM

The problem that most newbies face is that they are quick to earn money in the crypto space, and yes this is why we are here but not to start your journey with shitcoins in my opinion, it is better to start with known projects that already exist which has use case and profit potential than looking for shitcoins where most of them end up getting screwed and some would still come back here crying how they lost their money when they've failed to do the right thing, investing in altcoins or shitcoins isn't totally bad in as much as you are able to catch the right one that will give you the desired profit ,but should be when you must have gotten a good knowledge about how the crypto space works.

Of course Investment in altcoins and shitcoins isn't that bad but making the right selection is where the problem is, because in the process of looking for the right one that can give them their desired profit, probably most of them always end up choosing the wrong one. that can not give any profit, this is why is very good to understand how crypto investment works before looking out to invest. However as a newbie I will advice you just stick to bitcoin investment because the risk in bitcoin investment is very low compared to the risk in altcoin and as well shitcoins

AVE5

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Quote from: Adbitco on May 29, 2024, 02:03:53 AM

Me as a bitcoin lover and who has been in space for years now won't advise a newbie to go into investment on a newly birth coin, why because they may not know much about that project and could got scammed at the end. The best thing to do is when investing in newly birth coin only invest the amount that wouldn't affect them even though they turns out to be scam, and also whitepapers nowadays has been so common to plagiarised since most project looks alike and we can't just do anything to them because every projects has their mission even though the whitepaper seems to be copied is then left in your hands to know if you would invest or not. As for me when I found out a project is being plagiarized or whatever then I won't moved to have my money sink into that projects because likely folding is inevitable and newbie should focused investing into bitcoin or some established altcoin.

While it has always been said they beginners should always be endivoired to make their research as they contemplates on what coin to invest on, basically it's still of the one goal of all investors that they're chasing which is having their funds invested not just on the projects that'd offer them profits but also as projects that stands to be reputable as they background of the project maybe stated.
So while it's being difficult for newbies to swing along the trial in allocation other viable projects plagiarizing the whitepaper, it's better advisable for the newbies to kickstart with bitcoin as the reputable first class crypto currency while they grows ahead in time to figure other alternative trusted projects.

Bushdark

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The cryptocurrency market is increasing daily and people are now seeing need to put their money into cryptocurrency.
I think with time people would see good reason why they ended to put their into cryptocurrency when they might been seeing lots of reviews about the market. The world is changing and we keep seeing newbies joining the cryptocurrency space which is a good new buy they would have to be careful about their portfolio and what they are buying with the plan to hold for months.

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Quote from: Z390 on May 29, 2024, 01:45:51 AM

For example, copied white paper is no longer a big red flag like before, I said this because even big projects do this today, and change some things in a whitepaper or let me use the word "finetune" to their own tastes.

I am willing to ask the audience though, so here it is, is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

Copying other project's whitepapers surely is unethical, but is it still a thing in 2024?
I mean, I don't know because it's been a long time since I read a whitepaper, and I'm not investing in new projects anymore that's why I have no reason to spend minutes just to read a whitepaper that might end up as a scam anyway.

Copying other project's whitepaper surely is unethical, but that doesn't change the fact that even those projects who aren't copying other whitepapers will end up as a success. TBH, I don't know what I will say to a newbie when it comes to whitepapers because like I said, I'm not reading it anymore. I guess I'll just say "Whitepapers aren't the only one that you can use to determine whether a project is a success or not. Research furthermore." I guess that's a good advice already, right? Cheesy

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Quote from: Z390 on May 29, 2024, 01:45:51 AM

at least until they get better with doing their own research.

...Or maybe until y'all become a victim of another crypto rugpull ? Idgaf though, but whatever happens, bear the consequences without remorse. This reminds me of several unnecessary screenshots and POP sent and downloaded via my business WhatsApp about several memecoins, telegram perform-task-to-earn games that awaits being enlisted alongside the DEX - Are y'all serious?

Quote

I am willing to ask the audience though, so here it is, is a copied white paper still a red flag for projects? If a newbie ask you this question what will be your answer to them?

every project has a different purpose, interest, coin and concentration thus , the white papers can't be plagiarized. No investor in their right senses would dish funds into a projects that have limited information on their TOS.
Edit:It's left for you to check out and follow their prerequisites lest you fall for a scammer that's just tryna play to earn

Rockstarguy

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Quote from: Z390 on May 29, 2024, 01:45:51 AM

Because this days, roughly all projects have same utilities, and also white papers, the only real difference I can see is the team members, and the money they are able to raise, is it a good advice to tell a newbie to count more on the team past experinece? Because saying this means that the team will atleast know how to do marketing and pump their token on their first bull market experience.

The advice I'll give to beginners that are new to bitcoin is that they shouldn't rush to invest in crypto just to make money because most beginners just feel all cryptocurrencies are the same and they can just pick anyone to invest. Most of the project that we having these days are scam projects just disguising to be one of the good project. For beginners to understand what cryptocurrencies is all about and to know which investment will be better to go into.

Beginners have always been a victim of investing of investing in these scan projects because most of them have no idea of what they are into, taking time to make good research will real help to understand that bitcoin is what should be considered as a good choice of investment in cryptocurrency than going for altcoins end up scamming investors.

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