Topic: My new year advice to crypto newbies - page 2. (Read 398 times)

Great advice you have given tk the newbies and j honestly hope they see wisdom in it, but amongst all this was the one I have some issue with, actually, following your heart isn't wrong but following you heart alone has caused many to fault or make mistakes, rather I would highly recommend they don't only follow their heart alone but also they follow their heart and medulla oblongata, AKA brain.

# 1 does follow your heart mean follow your first instinct?

if so it is more than 50% correct for most every person.

Second guessing = you do not belong in the game.


My biggest thing is pace yourself.

If you buy something be able to buy it at least 4 dips.  say 30 to 25 to 20 to 15 to10

if you do not feel that strongly about some thing then do not buy it in the first place.


and remember this in the long run say 125+ years we will be dead so do not take this too seriously. As none of us will exit life alive.

Let's see if newbies will apply #6. It is a common mistake for them to exit out of the market during those trends and for me back then, I made the mistake. AKA sold in a panic.
I had no regrets, as I still learned my lesson still. Also adding up that don't just hop straight into day trading if you're still starting.
It's not for everybody and I would count myself on that.


I recall someone here in my country saying that using God in arguments as a last resort is a sign of a bad debater, though I know this isn't debate. Just got a quick recall.

Heart and emotions should have no place in your decision making process. You buy and sell not because of an emotion such as love or hate towards a coin. Logic, judgement, common sense, and research are all things more important than emotions.

Great, bring God into the discussion. If you fail, you can always blame God. It was God's will. I wasn't destined to achieve the results I dreamed of because God has different plans for me. It has got nothing to do with my lack of diligence and work ethics. I have got nothing against religion, but it should be something you keep deep inside you. You don't use that as an argument and reason why you failed or succeeded in life. 

I would agree with you on almost all points except the first one. It's not only for cryptocurrency, it's all about your life. Don't hear always what your heart says. Ask your brain first before taking a decision. The heart will take a decision about what he like, but the brain will judge things that would happen based on your activity. Some actions are irreversible. For cryptocurrency don't even take the decision from heart, I am pretty sure it would lead you to Loss. It is like an emotional decision at all. There is no alternative to learning. As much as you learn you may discover many things and your brain will be sharp. So your brain would decide quickly what should you do.

It's already days passed from new year's day but I will share my advice for newbies that I think that can help. To start, I have to tell something that it's up to newbies if they are willing to listen to my advise. What I am going to advice is a bit broad but doing some research will make sense. So here we go, the most important thing when for newbies is to do lots of research and be secured. To do that is to search on how to make youe security tight especially wallet credentials such as private keys and mnemonic phrase/seed phrase. Use legit, known, reputable exchanges if you are going to trade. Just choose what you want, dex or cex. Keep being secured all the time and knowledgeable.

He may be a newbie to the forum, maybe not a newbie to crypto.

OP, another thing you neglected to consider in your post is "security". As a newbie to the crypto space, it is your personal responsibility to secure your investment. You should be able to exercise more caution, not just from online thieves, but offline ones as well. Be more careful who you give you cellphone or personal computer that has your wallet or private crypto information to, be careful who you let know that you are now into crypto currency, so you don't become a victim of crypto theft.

I think you should move this topic to bitcoin discussion board because is suit to bitcoin board, secondly you advice to newbies is very cogent from the perspective i scrutinized some aspect of it, but on your own will practice all of these encouragement as newbies? Because actually you are a newbie as well, that means before you could come with this ideas here, you are already existence, in aspect of bitcoin degradation in value is what we experience subsequently in any annual, holding a coin can't make you not feed well, because before you hold a coin you perfectly know your pocket.

That is right but trading is also risky generally, some people learn for months but still lose. After learning, we should use the amount of money we can afford to lose to trade.

Quite the cliche my friend. The heart is not a good indicator when it comes to trading cryptocurrency. Trading decisions made based on feelings usually end badly. Success in trading demands experience, expertise to master the cryptocurrency trade. I follow my gut after doing my analysis but at least I have TA and fundamentals to back it up

Cryptocurrencies is not about following your heart it is about following your experience

Some people rush by buying some altcoins that become shit coins, we should avoid shit coins.

Bear market is when to invest, why should people be scared, but some new people will be scared of the bear market but buying when the price has gone high that caused them to panic sell as the price decrease.

Some coins and tokens may remain shit coins forever, some are dead.

But they list some shady exchanges, we should not depend on them to look for good exchanges, we can use them to start the research and individually research more about each exchanges online to know if they are good or shady.

More like you’re saying some people are destined for greatness and others are mediocre. I have a different opinion on the subject. I believe in a higher power God, some call it universe, you call it fate. My faith in a higher power restrict me from working hard to be the best I can be in whatever I do. If one sets goals and make consistent and practically  steps to achieve those goals. He will surely be a winner. Our futures are not set in stone by some force of nature. Hardwork pays.

Start by reading and having a general knowledge about crypto. Then find a niche in the crypto space that you’re particularly interested in and give that field your time and dedication. You will be surprised how fast you will grow.

Hodling is not a do or die affair. Don’t lose your mind over hodling crypto. Some holders become paranoid overtime because they invested more than they could  afford to lose. Same goes for borrowing money to trade cryptocurrency. High risk

1. It's always good to follow your heart and nothing else, struggle till you break through but always know your limit

2. There is something that's more powerful than we humans and that's our fate, not everyone will get rich even if they struggle all the days of their life, things will surely get better but not everyone will achieve their aims as they wanted.

3. My advice is start from somewhere and move up step by step, do not rush and do not find short cuts

4. Crypto can make you rich overnight or even make you more poorer that's why you need to learn first before jumping into any crypto investment.

5. Risk only what you can afford to lose and avoid staring at your portfolio when they are at a very high value, they won't stay the same for long so you are expected to take profits

6. Don't be scared of bear market they are a blessing in disguise, it's always a time to buy when they come around

7. Don't become a holder if you can't even feed yourself daily, you need a job more than becoming a crypto holder, holders must have other means of making money so they can hold with ease

8. Not all coins and tokens you hold will do well in few years time, the unexpected can happen to good projects with good utilities too

9. Use crypto hypes to your own advantage, the trending use cases always bring profits more than utilities that aren't trending presently

10. Apart from crypto forums that hold answers to how to start your crypto journey 99% of PM from strangers are advantage takers, they are there to use you or Rob you don't give them a chance


Finally coinmarketcap and coingecko are 100% accurate when it comes to finding the official website of a particular token or coin, all information are legit 100%, this is a perfect way to avoid fake project groups or fake tokens smart contract