Topic: New Comers into crypto - page 2. (Read 308 times)

This is a certified bone of contention, and I think it's important for newbies to know risk Management in trading, trading is highly challenging, and there is no absolutely perfect trader, even trading with a bot has had complaint remarks, I think newbies should know it's risky to trade, but not for them to see it as gambling,

Newbies can enroll in trading academy, ask for signals, have the service of a trader as a mentor, and low risk capital-wise.

According to me you should not depend on this.. but this is good way to 2x or 10x your earning..

Coming newbies in crypto is not mean investing or taking risk. Fast of all they have to know what is crypto and how it works. And investing and trading is the next part for the newbies. So my advise for the new comers. To learn first about crypto and know how it works in virtual life and real life.

When they realise the first part by reading about crypto hopefully they also can realise crypto is not a easy things where people can be rich overnight.

Ok, now thinking about investing and trading, the reality is only few people follow these suggestion for his crypto life imo. Because they can not believe the truth until standing infront of it. That means we can not hold them to do this untill they face the reality during investing or trading periods imo.

One funny but relatable advise I read elsewhere is after buying the crypto, proceed to delete any portfolio/ price tracker apps and HODL for X years before checking


When the knife falls though, it feels tempting to pump in more at times!

An addition to this is the always reminder that only have the capital or invest what you can only afford to lose.

I won't advise newbies to take risk as high as putting their life savings on the line. They should always test the water and calculate the risk in investing in crypto. Too many stories that I've read about that strategy and many of them failed to continue because they were disappointed with their day to day paper losses.

The most popular one is risking their life savings in crypto which causes panic modes for many, crypto investment is for those who have enough to sustain their everyday lives, if you have good way of making money e.g job you will find it convenient to take risks with what you can afford on crypto investment

I would disagree with taking risks and investing. It is much easier to understand and study the project to which you want to entrust your funds for investment. But since the OP is writing a post for beginners, I would advise you to start learning bitcoin.
Without a full understanding of the fact that, in addition to investment success, losses are much more likely to be faced, and accepting this moment, it is best not to take risks. Invest only the money that you are not afraid to lose. But you must admit that any money is always important and no one wants to lose it.
Therefore, to avoid disappointment, you need to set aside time and completely not only read everything step by step but also understand it. Very often here we meet people disappointed in cryptocurrency who were in a hurry to "invest" and eventually lost everything.

I think putting your money into something that you don't know if it will go up or down is like betting because you put your money, investment has also a risk, so you will take a chance, no matter what we call about it an investment or taking a risk, it's still a form of gambling in some ways, but you are right to think of it as an investment but don't expect too much, because we know the reality about crypto.

I thought you are talking about investing in crypto, I will advice new comers not to think of it as gambling, investing and trading are different entirely, trading is also not the same as gambling but the risks are like the same and they are both very risky. Though you can invest in shit coins which will be like gambling, because shit coins are shit coins and can become dead or the price can reduce in a way that can result to total investment loss. But bitcoin investment is not like that, all it takes is patience, even if you are losing just do not panic and leave your bitcoin alone, it will be surprising when the price will increase back even above the invested price. New comers can do there own research to know other coins like bitcoin, but I strongly recommend bitcoin which is not gambling but a deflationary investment strategy that people also make use of that increase the marketcap and price the more.

There are lots of things you need to do before you throw yourself into investing in crypto and what to avoid this is just my experience that I want to share so you will not experience what others and I have come across, we all know you invest in crypto to earn and not to lose.

- Make your own research or you will see this on some post as (DYOR) as they say it's okay to listen but make sure not to depend too much on others'
call so that you won't regret it.
- Be ready to gamble or take risks, like other traders say, if you are not willing to risk, you won't make it to your goal.
- Capital this is very important, you need it to make a small start, you don't need to have millions, you will need it for gas, if you are transferring an airdrop or free coins there is no free now you have to remember that, the important thing is number one.
- The never say die attitude and strong emotional stand to what is happening, I'm 100% sure you will encounter this one, it will test you and it will try to break you until you give up, when that happens you lose, so I think this last one is very important.

These are just a few things you need to remember but really important if you really want to make a journey, welcome to digital currency good luck.
This will help you to get started.