Topic: Newbie Crypto Advice - page 2. (Read 736 times)

I don’t think you’re ready to take the risk and invest your hard-earned money. Crypto investment is not as easy as you think that you can be profitable in it without the investor’s personal knowledge and experience in crypto market. You should learn the dos and dont’s first and gain adequate knowledge before you decide to invest so you can avoid regretting in the end seeing all your hard-earned money had gone into waste. Furthermore, once you’re ready enough, I suggest to stick with bitcoin and accumulate as much as you can while the price is still cheap. But always remember, as a newbie in crypto, invest with a small budget first since you are still in the process of learning and absorbing everything you need. Let your experience manage the rest.

It is not too late  i think you still have time to study crypto for atleast 1 to 2 years to familiarize it, don't rush things it is safe yo study first before making a decision don't trust everyone in crypto you need to be more careful because only you can suffer if you loss in it. Crypto is a good way to earn profit but not all investors are lucky in it some of them also loss,so my advice is do research first for good.

People who behave like this are vulnerable to fraud by others regarding investment trust that is fully entrusted to others, even though they themselves have control over the investment process being carried out. If I don't obscure the purpose of the OP and in my view he is talking about trading robots, so he doesn't need to think about how to invest using manual strategies because using trading robots has been arranged by the creator, while we will only see the process without having to think about things -other thing.

But the problem is when this is done they end up getting caught in a ponzi scheme. In my country, almost five cases occurred in the last year because many people were deceived by promises of big returns without having to think about trading patterns. The mistake of people who don't want to learn to understand the investment and trading process because of the desire to get quick profits without going through any process.

Not everyone can think the same about investing and most people are trapped with irrelevant promises because of the tendency for people to think they can make big profits from investments. In fact, investing is not as easy as one might imagine, apart from fluctuating prices and psychological self-control is also very influential in it.

Indeed, as many have suspected, I do not believe what he is saying is true, so it makes no sense to advise in these cases. How is a person willing to spend 20 thousand dollars to invest without caring about knowledge and at the same time seek help from people who do not know and will most likely encounter scammers? These basic things even a 5-year-old can understand, few people believe that a 64-year-old with enough life experience can trust someone so easily.

To be honest it's hard to take you seriously because all what you are saying doesn't make any sense:
- Why would you tell on a public forum you have $20k (theoretically) to invest?
- Why would you tell you know nothing and you don't care about learning?
- Why would you ask for help using emails when it's full of scammers?

I don't know what your final goal is but I see a lot of BS here.

As a lot of members have already shared their opinions you should not trust anyone with your money in the crypto industry. Because the crypto sphere has too many loopholes that a scammer and hacker will use to loot your money and you will be left with nothing at the age of retirement and this will be so terrifying.

So, my suggestion is the same, if you haven't any time to learn the basics of crypto and you just want to go abruptly into crypto for investing then you should drop the idea and should invest in another entity about which you have atleast a basic idea.

So that, you would not be scammed by anyone. Or maybe you are just wasting time of all of us by making false statements about yourself as i can see you are not that much active here too.

As far as I'm concerned you should listen to the advice of others but also do your own research and information on the crypto currency market. Complete information is very important before investing in any platform, and one should never make hasty decisions while investing. Different people have different opinions, so what you think is best may not be important to someone else.

However, Bitcoin and Ethereum are the best choices for long-term investments. By the way, the crypto currency market is considered very risky, but Bitcoin is considered the most secure of all crypto currencies. Apart from Bitcoin, there are various low-value crypto currencies in the market. Which have the potential to give a good profit in future, but the condition is that your choice is right. If you are still having trouble finding good projects, you can choose different coins from the top 100coins of the crypto currency market.

All kinds of suggestions given by my friends related to the suggestions desired by the OP are intended so that the OP can draw the best conclusions to do. All suggestions given are not coercive.
Try to read one by one the suggestions we provide.

If you think you can't invest according to people's words, what should be the good thing to do while the person asking has no knowledge about investing.
If the position of the party asking is you, can you make an investment without the slightest knowledge?

This is an open gateway for scammers and I just want to say congratulations  for giving scammers an open access to flood your pm and email inbox.
This isn't  the right way to put this out  and considering  your age and the fact that you're already impatient to atleast get to know the basics of what you intend to save when after retirement which isn't right and from the ooo of things it seems you're looking for an investment platform where you just dump your hard earned money and expect a no risk return and cases like this always end up as fraud and I'm sure you don't want to fall victim of such.

I will advice that rather than wanting to be in a haste to invest, atleast spend a month to acquire the necessary knowledge  of buying low and slong high at a contentment level.
I don't know if the email on your profile is your personal email or not but if its not, then I think you need to abandon that email as there might be alot of juicy  and very irresistible offers that might be presented to you by scammers and if you're not careful,  you might loss your 20k.

If you buy gold or land, then you can be without profit for a long time, these investments are more aimed at preserving the invested money and not increasing it. Or, for this, it will be necessary to wait a very long time for the investment to bring a good profit. It makes more sense to buy a property and rent it out, so you save your money and earn monthly income from your property. Bitcoin now seems to be a promising direction, but of all the above, it is less reliable, this must be taken into account.

You should not post like this because if you listen to someone how to invest with all your assets in life, you might go bankrupt one time, so instead of investing in someone's words, it is better for you to invest in Crypto with your own words.

As a newcomer, $20k is an excessive amount of money to invest; I recommend dividing it among several market sectors. Newcomers should never stop studying because it never stops; every day, we learn new things and strengthen our brains in order to advance in the market. As a newbie, you must be completely independent because if you seek signals from whales elsewhere, you will be doing yourself no good because these signals profits do not last. When compared to whale trades, your account size is entirely different, whales trigger high leverage while newbies target small leverage, which is insufficient to fuel a trade.

If he already knows the forum, there's no reason why he shouldn't take the time to learn everything about bitcoin rather than invest with someone's advice. Age is also not a problem when investing in bitcoin, bitcoin is not easy to understand but also not too difficult to understand if we really want to learn about it.

But I find it strange that at 64 years old, he should have more time than anyone else, why does he say that he is too busy and doesn't have time to learn about bitcoin when he wants to invest a large amount of money? There are many inadequacies and contradictions with what the OP is saying.

On this post thread, you've received a variety of advice and tips on what you should and shouldn't do in terms of investing in crypto. 
Now it's up to you to use the information you've absorbed to your advantage. Fine if it involves investing all of your money in bitcoin. It's okay if you prefer something else. However, keep in mind that you take on the investment risk on your own. Don't let it be the case that you will be blaming someone for your misfortune tomorrow.

True, blind forays into the volatile crypto cosmos can be risky. We're amidst fraudsters, but let's not label all investment whizzes as tricksters. A professional money-manager, once you've done your Sherlock work, can be your trump card. Cross-verify any tip-off before staking your money. Age, a learning barrier? Never! But, is Bitcoin mastery all we're aiming for? Time to broaden the horizons to total financial fluency.

This is not how you should conclude. What if you are saying those words to a real man who is already 64 and decided to invest in crypto, but he is not that much serious yet? Maybe he wanted to give an ETA on how much he wants to invest. Maybe this is not the only option he thinks about. Maybe he is trying to learn from forum members before deciding to invest in crypto.

Do you have any proof that he is a scammer? It would be best if you didn't name-calling someone without any proper evidence. If you guys continue doing this shit, you will find this forum being isolated, and there will be no genuine newbies except Sig spammers. He already got a good suggestion from the first reply of this thread. There is no reason you can talk like this.

If you are actually looking to invest the money for your retirement into something you will obviously need to understand the ins and outs of it because investing $20,000 isn't a joke and you can't get success for your investment if you go only with suggestions with no knowledge and experience at all. So you should either learn how cryptocurrencies and trading work or you should find another stream to invest your money in.

Real estate is a pretty good investment option as well if you don't feel comfortable with Bitcoin and cryptocurrencies and find it difficult to understand them. You should invest your money in real estate so that you can feel more safe and don't have any hesitations and it is also not difficult to understand.

Wow dude that's a lot if you wanna invest as newbie for $20.000,  just invest with small amount example $1000. Don't be greedy at the bear market, read caefully the situation of the news about cryptocurrency, never trust with whales signal or anything without you research first. If you considered for entry market, always learning without cares with your age, age just number I'm believe you have opportunity if you wanna talking about crypto with experts, transfer knowledge each other will make you smart, don't bored for learning anything

The problem with investing in bitcoin or any other cryptocurrency is the problem of security. When you consider that people even have their bank cards hacked because they click on any link, frankly you have to wonder how the average person is going to secure its wallet.

It reminds me of people in France who invested in rental properties to get a tax break, without even looking at what the rents were in the area. Of course, the salesman overestimated the rents, and so much for tax optimization.

Any investment requires a bit of research, and now with the Internet it's really easy to find the right information.

You don't have time to study which coin is the finest to invest in. I would advise you to solely invest in Bitcoin because it offers the least risk of any of them. Second, if you are going to invest in altcoins, I strongly advise you to only invest in the top ten cryptocurrencies according to Coinmarketcap. Because the rating is only based on market capitalization, the larger the market cap, the more authentic the currency and the lower the volatility. But first, you must understand how to use an exchange because there is a chance of losing funds in the exchange if you do not know how to use it.