Newbie Crypto Advice - page 4. | Bitcointalksearch.org

Becassine

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Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

Your message sounds so naive that I don't really know if it's a scam or not. Being rather naive myself, this is borderline stupidity.

1. You should know that you can't invest without doing a bit of research yourself (without listening to a bank advisor or, even worse, a stranger on the Internet).

2. Can you imagine arriving somewhere and saying "hello, I've got $20,000 and I don't know what to do with it"? You'll attract all the leeches and crooks.

3. If, in addition, it's not a username but your real name (which seems possible), it's a bit of a winning combo for crooks. An e-mail, then a call, then a scam deposit site and in 10 seconds you'll have nothing.

Read the FBI's advice here and, without being paranoid, beware. Someone has already advised you to hide your e-mail and you've done nothing.

I'm leaning towards a super-naïve user, but I could be wrong.

https://www.fbi.gov/contact-us/field-offices/richmond/news/consumers-intending-to-invest-with-cryptocurrency-be-aware-be-cautious-and-be-educated

Botnake

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Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

I will always suggest bitcoin as the only crypto that is more secured and reliable when it comes to profit consistency and the rest are just following the pattern of bitcoin. But let me remind you that success won’t come easily like you expect especially you are investing in such in a highly volatile and an unpredictable market. You need to educate yourself at all cost and be aware how your investment will work since the outcome of your investment will be a great basis how well you know on what you are doing.

BenCodie

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Quote from: KingsDen on June 24, 2023, 08:14:12 AM

Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation.

This is an obvious character of a scammer. Scammers are easy to call an amount of money. A serious investor shouldn't be mentioning an amount of money to entice an adviser.

Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.

You are not 64. A 64 yrs old person should have the time to study. Atleast to know a bit of what they will invest into. That is how anyone above 50 behaves

Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

You can contact me through the forum or via email I appreciate the help

Someone looking for advice contacts his adviser and not the other way round. Let me give you a benefit of doubt that you want to invest, choose bitcoin, buy and hold in a non custodial wallet. By the q1 of 2024 check your investment.

I think this is a bit harsh. He could just be someone who is genuinely looking for some help. I don't see how someone could scam when they are looking to put their money somewhere, rather I see are the opposite - that the risk of being scammed is high.

@stevenjohnston some tips.
1. Don't use your real name as your username, anywhere
2. If you have bought bitcoin, store on a secure system (talk to your kids or look up how to install linux) - Do not put you r coins on a insecure windows system.
3. Use Bitcoin core if you have a few days and 600~ GB of free hard drive space for the standard client, or check out Electrum which is a lightweight wallet, which might be easier to setup.

Please ask questions in the beginners and help section about how to be secure and people will help you. Security is important in making sure you don't lose your coins.

Also, in terms of what coin to invest in - Bitcoin. Anything else is probably inferior.

CageMabok

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Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

If you don't have the time to learn and understand crypto and its ins and outs at this point, it's better for you to buy Bitcoin because Bitcoin is already very strong in the market and also well-known in the community so you don't need time to study it again to know the best because Bitcoin is already very well proven. But if you are still unsure about Bitcoin at the age of 64, it's better if you just keep the money for you to enjoy in your old age and don't buy any investment that still makes you doubt it.

DaNNy001

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Quote from: Zaguru12 on June 24, 2023, 07:59:35 AM

Sorry to put it out but this isn’t the right way to go about investment. You can ask people to just send DM and you trust the suggestion of a total stranger which may turn out to be a scammer. I am sure that anyone that would be sending you PM would mostly be someone that would want to promote there shitcoins.

If seriously you’re actually in for investing and then you would need to go through everything yourself and the only cryptocurrency that fits your criteria for retirement investment is bitcoin. But even that needs some knowledge on Its security and the rest. If you are truly interested in investing in them which I doubt from your post then read through the pin charts on the forum or other articles. If you need help ask it by creating a thread and stop asking for people to PM you to avoid something that I am sure would lead to you been scammed

Thats if he is not even the one looking for someone to scam, I like to be optimistic about such person asking for for pm to be given an advice which you can see clearly that the forum is an open source conversation ground and all advice's are given to a users the moment you post a thread asking for help or direction in some areas you actually understand.

I don't know but something tells me that the OP isn't actually looking for an investment means and its just trying to seek attention of volatile users here in the forum.

knowngunman

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Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

Despite that you're likely to be a scammer, I would like to know how you raised the $20k because no single organization will pay you such amount as a retirement package. Whatever you did to accumulate that huge amount seems to be working for you and I would definitely recommend you to keep doing it since you don't have time to learn about crypto.

Why do you need someone to contact you by the way? You need a tutor? Or someone to invest the money for you? You must be joking. Not only crypto but whatever you intend to invest in, do diligent study by sacrificing your time to avoid regret later. At this your acclaimed age, stay away from Crypto if you don't have single knowledge of it before and you're not willing to learn. It is dangerous to your mental health

The Cryptovator

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I appreciate your interest in crypto investment, but it's unfortunate that you're currently unable to dedicate enough time to learn about it. It's crucial to prioritize your understanding before diving into such endeavors. Instead of pursuing Bitcoin investment, it might be more beneficial for you to explore other opportunities in the real world. While this suggestion may not initially sound appealing, it is ultimately in your best interest. Learning the basics of Bitcoin doesn't have to be a lengthy process; a simple online search and watching a few tutorials can provide you with enough knowledge to grasp the fundamentals.

Viscore

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Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

If you don’t have time to learn prior to investing, then I don’t see any chances that you’ll be successful in your investment since even investing alone requires knowledge and experience in the market. Otherwise, investing will likely fall into gambling knowing you are not even knowledgeable on what coin you are going to invest in the first place. Asking suggestions what coins to invest is not enough, you should also do your part and take time to DYOR since it’s always basic to know what you are investing for.

nakamura12

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Quote from: Issa56 on June 25, 2023, 02:50:10 PM

Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

<.....>

You are planning to invest all your retirement money in bitcoin and you are not ready to learn about what you are investing in, its kind of funny to me. After working for years then you are planning to invest your retirement money blindly? You are 64 years, you are already at your old age, i don't think you are having any work left that you are doing, so i think learning about bitcoin should be very easy, you can just be reading about bitcoin and cryptocurrency for relaxation.

It's his decision to invest in crypto blindly and there's nothing we can do about it but if he did change his mind then it would be good for him. At least we tried our best to give OP an advice to never invest in crypto without knowing what it is and if he plan to invest then he should learn a few things about crypto like Bitcoin, wallets and more. Not learning anything could also result in losing the money since increasing your security is important to keep the BTC safe and secured.

Issa56

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Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

You are planning to invest all your retirement money in bitcoin and you are not ready to learn about what you are investing in, its kind of funny to me. After working for years then you are planning to invest your retirement money blindly? You are 64 years, you are already at your old age, i don't think you are having any work left that you are doing, so i think learning about bitcoin should be very easy, you can just be reading about bitcoin and cryptocurrency for relaxation.

Also you have to be very careful or you might be scammed, most people that will be sending you personal messages claiming they want to help just want to scam you so you have to be very careful. also their is a rules in crypto investment, always invest any amount you can afford to lose, don't invest what's going to affect you incase if anything happens to your investment. make sure you split the money which you are planning to invest, don't invest all in bitcoin, and make sure you take your time to learn about bitcoin investment before investing in bitcoin, Bitcoin investment is not for lazy person, if you are planning to invest and you are lazy, you can make research often, don't be surprise if you investment end up being compromise.

mk4

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I don't know how busy you are to not have any time to learn about something like Bitcoin. You don't even need to grasp everything in a single week — you could simply just read for an hour a day, and you'd still be ahead than the herd. Unless you know, you simply aren't that interested to actually exert in effort.

But if you want to learn:

* If you like reading articles: https://coindesk.com/learn
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters

Games.Bitcoin

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There is a wide variety of guidance for beginners in the cryptocurrency world. Be sure to educate yourself on the basics of block chain technology. Take a long time to understand the risks and volatility associated with investing in cryptocurrencies, regulatory uncertainties, etc. Start small and invest as much as you can afford to lose. Don't invest wealth in crypto that you can't survive in the real world if you lose it. Patience, a learning mindset and a cautious approach every step of the way will be useful in your crypto journey.

Jawhead999

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According to your post, it seems you want to say if you're already old person and don't want to learn about Bitcoin, but you're looking a way from someone to invest for you. I'd say it's better for you to not invest in Bitcoin because you will scared due to high volatility and might scared you will lose all of your coins due to FUDs spreading of quantum computing can hack your wallet, government will ban Bitcoin etc.

Mr. Magkaisa

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Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

- You know 20k$ is a big amount here in our country. As far as I can see, you should not be angry with me, although I know that you may be interested in investing in Bitcoin because it is the best long-term investment here that can be said to be proven and tested.

I think that instead of asking here on the forum platform where you will use your retirement fee, it is better that if you have relatives or close friends, you should ask them first. Because if you ask here, maybe many people will send you a pm pretending to be a good person but will just take advantage of your ignorance about crypto or bitcoin. There are still many scammers here on the forum platform, we don't know, do we? who knows? It is better to be careful first, because you have worked hard for your retirement fee for several years. Then you shouldn't say to contact you via pm or your email, so be careful, especially since you're new here.

Outhue

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Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help

Telling people to contact you through the forum or email is wrong, I can assure you that scammers will come knocking at your door, pretending to have something good to offer but their target is your 20,000$.

This could also be that you are the one trying to play the victims here, maybe when people start sending those PM you will look for your victims and you will probably promise to give them some shares if they can do one thing for you.

I am sharing this because I have seen it happen more than once, there are scammers on this forum as well and it could take time before the moderator figure them out and deal with them.

Husires

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Go for a low-risk investment and settle for 5% annually instead of trying to risk a high-risk investment without technical knowledge and without willingness to learn, and then you may achieve a return or not, but in the end the psychological damage of losing your money will remain greater, especially when you are at this age.Do not believe ads that tell you a quick return on investment, and if you intend to take risks, investing 10% of this amount in Bitcoin is sufficient.

ancafe

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Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.

If you don't want and don't have time to learn then my advice is don't try to invest in crypto, you can't completely leave your investment to someone else because your own involvement is required and it is wrong decision. It's best to find another job that's easier for you to run and don't force yourself to invest when you don't want to learn to understand it yourself.

But when you are serious about making an investment, I suggest that you study bitcoin because other cryptos are much riskier to invest in than bitcoin which has been proven to be one of the best at the moment.

Quote from: stevenjohnstone on June 24, 2023, 07:42:23 AM

You can contact me through the forum or via email I appreciate the help

It takes its own analysis before getting involved in investing and fully expecting it from other people is a wrong decision. Decisions must be based on our own knowledge and other people have nothing to do with it.

Litzki1990

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I don't think there is any need to personal message or gmail someone to give advice about something. You have created a topic where everyone can share their opinions but there is no privacy about giving advice. So why are you asking to mail for this advice. If you really want to invest, $20,000 is a very large amount to invest at first. And then you mention your age is 60 plus ie you are a senior citizen. Hopefully there are other members of your family who may have different opinions about investing your money in Bitcoin or other currencies. Before investing such a huge amount of money discuss with the family members if they give you consent then you can decide about it.

Rupok

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It is entirely at your risk to invest the said money on the advice of others. If you have no experience with cryptocurrency then the amount of money you want to invest will be entirely at your own risk.Why you choose to invest at this age you have no idea, because there are so many scammers in cryptocurrency. Before investing you must first gain good knowledge about cryptocurrency.Cryptocurrency can be the best platform for you if you invest in the right way. Although if you invest Bitcoin, you can't earn good profit from any coin other than Bitcoin.

Hyphen(-)

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Quote from: Z-tight on June 24, 2023, 08:18:09 AM

In all your 4 posts in the forum, you've asked that people email you, why do you want anyone to help you invest your money, do you trust who's going to email you, or should they even trust you because it is suspicious that you keep asking forum members' to send you an email. Some few days ago you said you'll no longer be using the forum:

Quote from: stevenjohnstone on June 22, 2023, 07:09:02 AM

I asked for help on reddit and someone is helping me in the chat please someone email me at [email protected] I will no longer be using the forum

But you're still here, i don't think it is wise or safe for anyone to PM op, if they want to learn about BTC, they should stay active on the forum. Op is wasting everyone's time and may not even be in need of any help.

Maybe the OP thinks he can trick some of the forum users to get mail addresses, which he might likely want to use in either getting their forum account compromised or using their mails for something else likely to compromise the mails and get rid of anything important he finds there.

I was of the opinion in his first thread that

Quote

all the necessary tips you will need will be provided for you here in the forum

, but the OP keeps dropping mail for people to PM him. I think he is likely here to scam people because the forum made room for all necessary discussions publicly, which is very good because others do come in here and get some tips that do help their Bitcoin Carriers.

Topic: Newbie Crypto Advice - page 4. (Read 736 times)