Topic: Newbies should focus more on the knowledge of the crypto space - page 2. (Read 599 times)
December 14, 2018, 01:24:08 AM
You only repeating what has be discussed a million time I don't think your made any unique post here and all you stated are known fact and issue. Probably you also has slot of learning yourself to do.
December 13, 2018, 08:28:06 PM
I really agree with you!! Most people just FOMO into crypto without making their research about it and expects to get rich overnight. The majority of people complaining in this bear market are those who are new to the market without a good knowledge of how things work.
I 100% agree, at the turn of the year into 2018, things got really out of control. People were investing in alts just because they had words in them that they liked, and they were soaring in price! People were just learning enough to be able to trade for coins and that's it. Not looking at the projects to even see if they look legit, not looking at the project team and advisors, not even reading the whitepaper. That's almost the same as going to the casino, getting your investment money and putting it on 0 on the roulette wheel. Now that we are facing this correction, people are acting out of sheer panic and start pointing the finger and blaming people for their idiotic behaviour.
December 13, 2018, 05:54:20 PM
Most people making entries into the crypto space are going so based on the promises of "Magic internet money", a lot of people see it as a way to get rich quick which makes the frustration of a lot of people understandable, especially this year which has seen crypto assets on a continuous decline in value.
I think newbies should focus more on learning all the fundamentals, they should make very good research and learn about solutions that are really achievable through the blockchain bases on the current progress of the technology.
This will not nly help guage expectations on both existing and new projects but will also help to guard against investing in scam or unrealistic projects.
Knowledge is important
I think newbies should focus more on learning all the fundamentals, they should make very good research and learn about solutions that are really achievable through the blockchain bases on the current progress of the technology.
This will not nly help guage expectations on both existing and new projects but will also help to guard against investing in scam or unrealistic projects.
Knowledge is important
+1 - the problem is though that the easiest or at least the most prevalent narrative of Cryptocurrency comes from the success/disaster stories of people who either invested too early or too late.
During the height of the Bullrun the FOMO for anyone that was somewhat interested would have been too strong for real research, if they dedicated a day/two to learning then eth or btc would be up another % and the worry set in. Now that we are in a much different place, anyone who is thinking of investing in Blockchain is likely to put much more time into learning the ins and outs and will be able (hopefully) to spot both scammers and decent projects better than people could in 2017!
December 13, 2018, 05:34:56 PM
I really agree with you!! Most people just FOMO into crypto without making their research about it and expects to get rich overnight. The majority of people complaining in this bear market are those who are new to the market without a good knowledge of how things work.
December 13, 2018, 05:29:01 PM
Most people making entries into the crypto space are going so based on the promises of "Magic internet money", a lot of people see it as a way to get rich quick which makes the frustration of a lot of people understandable, especially this year which has seen crypto assets on a continuous decline in value.
I think newbies should focus more on learning all the fundamentals, they should make very good research and learn about solutions that are really achievable through the blockchain bases on the current progress of the technology.
This will not nly help guage expectations on both existing and new projects but will also help to guard against investing in scam or unrealistic projects.
Knowledge is important
I think newbies should focus more on learning all the fundamentals, they should make very good research and learn about solutions that are really achievable through the blockchain bases on the current progress of the technology.
This will not nly help guage expectations on both existing and new projects but will also help to guard against investing in scam or unrealistic projects.
Knowledge is important
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