Topic: I hope this helps new crypto investors, do not hesitate to read (Read 619 times)

Such an oldee post with good outline point. I wish I had those who were to guide me during my struggling days in crypto, the is one of the best and simple advice that's common to all projects either big or small cap. Cryptocurrency is going big and institutional are all in trying to make the ecosystem go main stream, hence a careful consideration need to be put in place otherwise one may loose all they have built in their entire career.
Another advice that's listed: please avoid futures if you are also new to crypto, its a pure gambling and route to suicide when you do such. You can/could get liquidated instantly.
I was in a group chat with one lad crying how he mistakenly open a margin of $3k with 75% leverage and the total money was liquidated under seconds. It wasn't his intention to put all the funds into that position but mistake and carelessness lead him to that.
Stay safe.

Precisely, emotional control is very important to avoid losing money that you can no longer afford to forget, this venue of invesment is not a quick to richness scheme.

There are lots of factors that needed to consider and studied in order to have a much better chance of succeeding, you should focus with learning more deeper, things are not always relied with luck, it should be by facts and patterns that will give you confidence to keep enhancing your trading experienced.

As a beginner, I would like to thank you a lot for the information you provide in this Porum, so that I can find out what I should learn in the future.

a good list perhaps, i hope someone pays attention to these lists and follow them one by one. at first you need to take serious the fact that you should only invest what you can afford to lose. this is important so you dont over invest with the aim of making quick numerous profits.

Of course, the decision to invest in a new coin has a number of undeniable advantages. First of all, it is low cost. But it is better to overcome the temptation and wait for the listing of large exchanges, since such sites will not spoil their reputation with untested low-quality products.

in case of dex - you also should check founders, whitepaper, business model etc; we all remember a lot of scam exchanges during ico period.. btw i found interesting stablecoin dex - xsigma, they are backed by a public company, maybe u know smth about them ?

i'm also not very trade guy) so these advices are ok. regarding defi, i try to choose interesting decentralized exchanges with good options for liquidity providers - at least the token inside could potentially have natural value

nice reccomendations. i don't trade - only go in long term investment. first of all try to check business model and founders, it help to understand credibility of the project 

Most likely this is the reason why people keep investing in those cryptocurrencies that no one knows, everyone wants to invest in the next bitcoin or the next ethereum, scammers know this and that's why they sell their coins as the next big thing when they know very well that they have no intention of developing anything, however people are easily impressed and when they see that someone is so confident in their project they think that confidence most come from somewhere not realizing that they are being deceived.

Right from time I have always avoided these low market cap cryptocurrencies, although there are some of them that do succeed, just like when Ethereum came out from nowhere and became the second top cryptocurrency in the market. It’s all about what you believe.

There are things that acts as the key to knowing whether a project is going to be successful or not; when you look at a project and you look at these things, such as the team behind the project, if they are people that you know are quite reliable and are ready to push the project to the top, and you also look at the idea they have come up with whether it is something you strongly believe is going to work out, then you can go ahead and invest in those projects/coins/tokens. And with time you will notice that it will start growing and will be gaining trust of so many people.

And then the number two point you have made, you’re right , website design doesn’t really matter, it’s all about use case and how good the project is. But I think good projects should also be doing their best to build websites that looks cool. To be sincere I’m always attracted all those projects that will have websites and apps with good looking interface, but that doesn’t mean I jump on anything I see without proper research.

This is not as difficult as you make it out to be, it is true that many scammers falsify their credentials and their experience but you can easily find that they are lying if you take the time to make a background check on that information, now I know this is a lot of work but if you really want to protect your money and never invest in a scam then this is something that you should do and if possible you should share that information with the community in the case you find something so no one is scammed either.

I totally agree with the statement you gave but the point that is very difficult for someone to verify is number 3, because many of the project team falsified their experience. I mean copy-paste

I think some of the suggestions you said above can help many investors both old and new investors and of course before investing in any project to be reconsidered so it is not wrong to invest your money in crypto. on the one hand I agree about real use cases (utilities) or at least the top coins and have also been listed on the main exchange.

Avoid projects that's listed on small exchanges only, they can die real quick, make sure the team of every projects are well determined and hard working, that's left for you to find out, you can try asking real tough questions

Very useful tips for any crypto investor! Avoiding shit exchange, low cap coins are the best decision! If you want to invest your money in crypto, then choose the better exchanges for IEO investment or currency that listed on good exchange!  You are right that we shouldn't fall into the trap by seeing a good design website and whitepaper!

Unfortunately those that need it the most are never going to read it as they are not interested in learning, they are only interested in getting profits, and they think of investing in the same way we think of the lottery, they think that if they pick the right ico at the right time and they keep holding their coins then they are going to be able to sell their coins for a good price, some of them get lucky but for the most part the rest lose their money as they invested in scams or in projects with terrible developers that do not know a thing and eventually leave the project behind to create a new one.

Those were really good stuff and well compiled list for the reminders most specially for the new crypto investors. Despite of the fact that there are already some threads related on this, there is a point the we need to always make up a reminder like this so that new members in this forum can be able to see those reminders for them to be mindful of what they have decided to engage with is a serious matter since investment will be in need to engage money so it is really important for them to be well informed about everything they must always remember.

To sum up the thought of the list and this thread, it is really very important that you know what you have got into so basically you must know everything first starting from the basics so that you can be equip with needed knowledge you must know about doing investment in this industry so that you will not be mislead and you can gradually enjoy your investment journey with cryptocurrency. Learning before engaging is a must thing to do because without prior knowledge, you will be lost on this industry and might suffer to various failure. Better learn the basics needed and then when you are done, get to engage already.

I would like to add to the list.

Cut your loses soon and don't be greedy. While you can enjoy price pumps, you really don't lock in profits unless you sell so it's good to aim to recover your initial investment and then let the rest fluctuate. If an investment or trading position didn't turn out as expected, make sure to cut your loses sooner before you end up holding a bag of worthless coins relative to the value you initially invested. This at least are lessons hard learned from my own experience anyways.

I want to add an addition to the wonderful piece that OP has dropped for us all. I say, know what you want from the market.. Why do i say this? as a trader or investor, you need to understand what your perspective are towards certain token you are interested in, is it short term or long term gains ? Or you wanna hodl indefinitely ? This are options you need to answer before investment.

It pretty much covers all the points that must be noted by a newbie investor. Although, I wouldn’t recommend investing in an ICO or IEO either, to the person who has just entered the market without the basic knowledge or anything. Because, only with experience a crypto adopter will be able to identify the real potential coins and tokens and without experiences, people will easily get deceived with fancy promotions.

Moreover, I would like to add few more points to the list that are:
1. Read, research, carry out background check and get familiar with the working of the project and its past movements in the market before you decide to invest your capital in it.

2. Never follow the hype created in the market about something and pour your money by placing any kind of reliance upon it.

3. Always listen to experts of this community. Not just one or two high rank people but you just follow bunch of people before finalizing an investment decision.

The utility of a coin has always been really important it is just that back in the day when the faith in icos was at its maximum they had a hidden utility, they were great vehicles of speculation, it was not rare back in those days to listen stories of people becoming rich every day with an investment they made in an ico no one ever heard about, this fuelled the bubble of 2017, but after the crash we have suffered and the fortune lost by the majority that use case for icos is gone and only the ones that have a solid group of developers and a good use case have any chance to become long lasting projects.

Its really very short time frame to invest so if we miss it out then its gone forever because its hard to make profits if we buy the same tokens on exchanges even after the dump happened so better to invest on the recovering tokens than waiting for the perfect project.

I'm sure that there is no any newbie who has ever taken part in IEO on Binance. for this, you need to have a very good experience and knowledge and be very lucky

Good information, newbies are safer with IEO projects from binance exchange and other top exchanges, if you are the type who is in a hurry to make quick money IEO is the best solution, though IEO launchpads don't take place every time but you can stay up to date following top exchanges social channels

This is ridiculous. Every trader will first give you an advice to diversify your portfolio. If you are investing in crypto and buy only BTC, there is no diversification.

I'm not saying that investing in Bitcoin is bad, but you shouldn't put all your money in "one basket". There are several altcoins that hold their value pretty good. For example, LINK is still a good investment because without project like Chainlink, two separate blockchains can't communicate. And if crypto is to become mainstream, blockchains have to communicate between themselves and with outside world.

Those points will be useful for many people even this is not for newbie but there still many people who fall to the scammer trap just because they ignore many thing like your points.

Crypto currency is not something new anymore, there are a lot of information already who will provide a good information at least to help someone to avoid lose the investor money.

This about how about investor awareness, if they are aware they will find many source first to make their money safe or even they get profit in it. There are a lot of investor who lose a lot of money but you must know also there is many investor who gain a lot of money when they invested money into crypto currency.

another stupid shitposter ,if you did bought those cheap coin then why not put the names here?
and  besides %1000 ?don't fool yourself because this is once in a million chances .
Binance is good exchange and i love what this are doing now.

but lets Keep this thread up because Investors are safer if this will comes to their knowledge .

a large exchange place may not be able to provide the best IEO because at this time many large exchange locations depend on trading volume, I prefer to participate in a place of exchange that has high confidence so that there is a guarantee from the place of exchange.

You are right. IEO in large exchanges is promising for a new investor. not without risk, but it will be safer. Most importantly new investors must look and analyze how the crypto trading market works.

very nice this thread is made can help new investors if want to invest in new crypto projects maybe a little extra from me, more certainly looking for projects that are able to do IEO in large markets such as binance Usually it will give a big profit if the trade is started

Most times, shit exchanges list te low marketcap coins and that is where newbies fall into their traps. This is more reason top exchanges are highly recommendable for newbies. At first, those low marketcap coins would look like they are going to be profitable, bt by the time they are done and about to exit, the volume reduces drastically and not only that, the price falls at a very low base. Selling becomes more difficult than buying.

Tezos will be enough to invest for the investor, both old and new, so they don't have to search for another project. But don't forget to select bitcoin as your main investment because bitcoin will give you a chance to make a big profit. And you can also make a profit in bitcoin from the altcoin or from the coin you choose. And remember that you must analyze before you invest because the situations are not easy to select the other coin.

This is what I talked most here and I think one of the most risky investment. Low marketcap coin can be easily manipulated and hyped by a single people and through creating fake hype, they attract newbie to invest on such project and the initial hype creator just dump their bag and rip the newbie off with a valueless shitcoin. Newbies must follow some basic rules to avoid getting their investment rip off.
Anyway, I think these are some good piece of advices for newbies.

what about those who complain that invest on btc too ? i thought you can profit from btc no matter what ? some cant profit on btc but they can profit on other coins , its only a matter of timing and some luck .

 its not good to promote btc alone because alts will become useless  if no one will invest on it but alts are useful too and profitable too

the information you provide is very helpful for new members, and also the information is a reminder for old members to be more careful in investing.

He said short term investment that will yield profit and IEO is one of the better options, though investor must make sure that the IEO is held on a reputable big exchange.

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Pretty much all the pointers OP stated are worth noting to at least minimize the risk on investing in cryptocurrency, but still I would say considering the max supply will also help us to maximize our profit.

Points are really good. New investors can follow these points. Right now IEO investment is much popular than others so choose good platform is really important. Binance IEO project really good profitable at this moment and many people taking that opportunity very well. It's always a good idea to choose a top exchange for IEO investment and stay away from those projects which give you fake promises and  give too much bonus in their ieo event.

If I just have to sum it up for one general rule of thumb, its just to tell you not to invest in any altcoin at all but only BTC.

you can never go wrong with investing only in BTC no matter how little this investment you have as long as its BTC, you will profit from it. For altcoins, I guess if you have some time to waste like me who collects altcoins do it with the reality that no matter how legit the project may look, they still can be scam.

Yeah, that's right! That's how we can see a good future of cryptocurrency. People are always frustrated about choosing scam projects in the past. I like all points even for old investors but I won't suggest DeFi projects for new investors. Tezos, Harmony and Cartesi are new, good and reputable coins. One side is down means the others side up, that's how we can increase real investors and reject scam projects.

Number 2 on the list is very essential element nowadays, before or back in 2017 during the boom period, every coin without utility use to bring in profit because of the market status, but now things have changed, project with utility are the most sorted out by investors because eventually they are the ones that will survive.

That is pretty bolded enough to know and how to prevent from being a dumb loser in crypto investment. Ignorance will lead us to nowhere but we are truly aware of the real situation in the market, certainly, this will not going to happen to us.

People shouldn't have to be fooled by false promises and out from reality, doubling the money scheme, instant returns, being listed in the huge exchange. These are all promises that people are usually being robbed off. I don't know if this a sort of marketing strategy in order to attract investors but most likely this is a way to scam people with their unrealistic promises.

Not bad advice but I doubt many people are going to listen, those that will read through your post are the ones that are already doing most of this stuff anyway while the ones that need this the most are on their own world thinking about all the money they are going to earn with their useless coins, I know it is difficult to accept but being honest there is not much we can do for people like them and sooner or later they will lose their money to scammers.

These are good laid down points but however irrespective of the fact this is mainly for newbies as you stated I think it is also meant for everyone, because in one way or the other we most times fall into one of the points. Among all the points, I think point 2 is really the main thing; this is because most projects team are good in building catchy websites and creating attractive whitepapers while in reality, they have nothing to offer. Thus, focusing on the utility of any project first, one can be able to know a lot about the project while having the power to engage the team with tactical questions for better understanding.

This is a really helpful post for crypto investors. Here are some tips on how to invest in crypto and how to overcome them. However, it is very difficult to predict the state of the crypto market, even experienced people often face losses. So read, learn and experience more on this subject without relying on anyone; Hopefully success will come.

Most of your reminders are true and correct, but excuse me for one you've mentioned in the above about in IEO,
because not all project under by this IEO become successful in the end. And this was true I've seen it with my own
both eyes. Then , the rest are correct.

very important points, thanks op for sharing very good ideas so everyone especially those who are newbies can read and understand them

These tips are helpful for newbies.

We know its not easy to choose a good coin or projects to support that can guarantee us a sure profit.

But with proper knowledge and understanding we can make ourselves aware of what to keep in mind and avoid when investing.

Yeah, nice one from you.  And I can see some improvement upon the one posted before.  Newbies investors need to be warmed expressly even on a daily basis to invest/trade with extreme caution.  Just an addition. If you have an experienced and trustworthy person in crypto space, you can also move closer to them for some guidance.  It really helped me a lot.

I wish I could drop a merit for this one.
In #9 to add it up, check their repositories if they're actively working on the project.
I've seen some having their first repository in a month then seems like it is going forever to have another repository.
For the utility cases, check their WPs.

You have stated well and it is very educative; but for me, i think it doesn't matter if a project is popular or not; what matters is if it adds value to the crypto hemisphere, one thing certain is that, as long as a projects offer a realistic and good product, with good hype, chances of success are high. Also, as newbies; the first thing you have to remember that investment is a risk, be it crypto currency investment or outside the blockchain.

Yes DeFi projects are good choice for newbies who have some money to spare, presently I can say that ROI is certainly if you choose good DeFi project to invest on, the HYPe isn't going to die off very soon and it's possible that DeFi will bring new market surge into crypto space this year

This would be a really helpful since it also indicates the possible threats that is available to all vulnerable users. Every user needs to read this from time to time to not forget what are efficient steps that we can take before investing on different Alternate Coins. Investing is a big decision that needs to be made since it will be involving your own money and we need to follow safe guidelines so we do not just throw our money away.

It's wise to stay away from any market predictions, I started my crypto journey through prediction websites and crypto analysts on social media, it doesn't end well, find ways to deal with crypto yourself, through learning of course, this is the only right path

Hello Mate, predicting signals on Altcoin is not as easy as turning the palm of the hand, because anyone will be very difficult in providing predictions of market conditions, even experienced people can experience losses at a time he never expected, so don't just ask because it also will not help you much, but multiply reading and learning and practice so that you will better understand what you ask here.

Signals are risky, even investment analysts are misleading too, better use cases and good utility should be the main reasons for you to invest in any coins, you are the boss of yourself, do not walk in others shadows, be willing to learn and learn over again then many things that are shady to you about crypto will become more clearing

Problem with newbies investing in BTC, ETH and other high ranking coins is that they (newbies) expect high gains (10x and more) which is hard to get with those coins. But that's with everything where people can invest their money: the higher the risk, the higher is potential profit/loss. People that invest should always have that on their mind.

Thank you for this.. It's really helpful. I will be looking forward to more posts by you. I want to ask if you give signals on possible alts to buy and when to sell them.

Yeah, you're right. Low ranking coins or new altcoins contain a greater risk than other coins. For a newbie, they better avoid investing in those coins for their own safety. First of all, they don't have enough experience to know how to invest in those high-risk projects. Undoubtedly, those projects can generate hundred percent of profits however the risks are great as well! My advice for newbie is investing in top coins and top altcoins only until you have enough confident and experience to go with low ranking coins or new altcoins.

The first point is very clear and understanding, OP said low marketcap coins are more profitable but more risky than top altcoins, for newbies this is the best advice you can pass on. It's left for newbies to make a choice

waiting price correction to get best price was good effort we can do to minimize risk involved. dont trapped in FOMO , if we dont loss our money when buying on peak. many coins that make us miss the train, we impatient when see this. if we want  to minimize the risk we must wait it to corrected.

Agree, joining IEO project you have to be really careful about choosing project, only select IEO projects made on large Exchange, like Binance, Kucoin or Okex, besides that you should stay away from the garbage IEO project. Actually new investors have a lot of information about this, I think they must read information from this forum before starting investing in IEO project.

When I was new in crypto I had to learn all of this on my own and had experienced a lot of ups and downs and I think it is all worth it. This is worth reading if you are new to crypto because some people are easily attracted to projects they hear that can give then an "X" amount of profit if they invest. Crypto is not a magic that can provide you such profit without taking a huge amount of risk.

I don’t like the first point. There are a lot of good coins with very small capitalization and I buy them very often because there is work on the development of the project. such coins can bring 1000 percent profit

I'm quite familiar with those types of discussions when it comes to different investments in coins. The low market volume wouldn't be reliable enough and would succeed unless you are the developer and you would dump the coins in the market. This is why most of the unknown coins are shitcoins in general and would only benefit the developers.

I hope that people would actually read these types of threads for their own benefit. Some people just invest their money when they see an "easy" profit with these ones. Being able to afford to lose would benefit you in the long term for sure because people are taking "smart" risks as well.

That's not the way I captured what OP is saying, I think it's still referring to top altcoins that are over priced or too costly, I can't invest in COMP DeFi project presently because the price per token is too high, I can start buying if price dumps big

when we picking up project with low marketcap we must really analize it well. as you said it can die fastly, but if we truely find good project with low market cap we will find next gems that will give us huge profit.

dont tempted with cheap price when market crashing. many people said its be best time to fill our bag, but in fact we still have minus floating when buying in unpopular and have less quality.

Hm you did have a point, IEO can't be trusted but if the IEO is on binance or okex and Kucoin you will definitely make some profits in a short time, those IEO projects only takes minutes before the whole tokens got sold out, there is assurance of 2x upward

Good complied list though, but I don't agree with IEO because its still risky in crypto investments, better try day trading than investing on an unknown project.If you can buy tokens from top exchanges then it might give you chance to make profits but if you miss the perfect time the token value will be dumped and you need to wait too long to recover from it.

Many members must have spread this countless time on this forum before, we need to keep doing this because of the new users joining this forum almost everyday, There are some do and don't that newbies need to avoid if they want to buy coins, this are few warnings from me

1. Beware of low marketcap coins, they are more profitable but less reliable, they can die real fast

2. Forget website designs and max supply, focus more on real use case (utility) than anything else

3. Make sure teams are really who they claim they are and make sure they have two or more knowledge about crypto

4. I prefer well know coins or project, it doesn't have to be old altcoins, for example Wazirx token, Tezos, Comp, Cartesi, these coins are popular and new but still popular

5. Stay away from projects that are listed on rubbish exchanges, these exchanges are token killers with wash trades and fake volumes, e.g p2pb2b, exmarket, latoken, vindax.

6. For trading lessons or try outs be more friendly with top exchanges, they have better interface, highest volumes and highest liquidity

7. You want to make profits and you don't want to wait too long? I suggest IEO, make sure you follow top exchanges social media groups to stay updated about new IEO, especially binance and kucoin, it's always profitable

8. The best time to buy bags of coins and tokens is when bear attack the market, do not buy coins and tokens when price is surging or pumping.

9. Check projects github, make sure it's active and well updated from time to time, you can easily spot bad projects through their github, some don't even have GitHub

10. Crypto investment is risky, always invest what you can afford to lose, we are all humans and we can never tell what will happen between a project team in future, anything can happen.

I hope this helps