Topic: Quick advice to new crypto investors (Read 260 times)
If your friend is also in this encryption market, you can listen to the advice of your friend, but do not listen completely, have your own thoughts, keep calm, I and my friend is like this, share with each other, do not act impulsively, to have the courage to accept failure, my friend investment failure, I persuade him, he took a week to come out, and confidence to continue to invest in the encryption market, I should actually learn from him, adjust the state.
Also, crypto markets are not always profitable but you can still earn if you have a strategy with yourself.
Cryptocurrency market can only be profitable when you know the rudiments of cryptocurrency, and i noticed that while some people get lost towards cryptocubutrrency market is because some of them just rushed into it without knowing the basic knowledge or refuse to follow the basic precautions that can leads to the pathways of lost, those that keeps on making well into it are informed, so when you are not inform, it's obvious that lost will occur with a greater heights.
Also, crypto markets are not always profitable but you can still earn if you have a strategy with yourself.
Cryptocurrency market can only be profitable when you know the rudiments of cryptocurrency, and i noticed that while some people get lost towards cryptocubutrrency market is because some of them just rushed into it without knowing the basic knowledge or refuse to follow the basic precautions that can leads to the pathways of lost, those that keeps on making well into it are informed, so when you are not inform, it's obvious that lost will occur with a greater heights.
Also, crypto markets are not always profitable but you can still earn if you have a strategy with yourself.
my advice is don't just put your money right away, if you heard that there is a big profit, instead make research, study how things work, wait for an opportunity, don't think of your too late if you don't put the money it will be your regrets, and also this one is most important if the market goes red that's an opportunity, people I heard say it will die now, but people who are not new to that situation, take it as an opportunity to get ahead of others.
My suggestions as a rookie are: 1. First of all, don't blindly follow others at any time, and have your own judgment. 2. When entering the field of cryptocurrency investment, you must make sure that you have carefully studied relevant knowledge, and don't just be greedy for profit for a while. 3. The market has changed a lot. If you don't have strong enough psychological endurance, please don't invest a lot of money. You can try out a small amount of money that does not affect your life. 4. Finally, I also advise you to think carefully when investing. Bitcoin can be held for a long time, but other altcoins are extremely risky. Before you fully understand the market, remember not to invest in small unknown projects. They It is most likely a scam.
Another advice is that always think of investing with the sole amount that you afford to lose. Even if the market has recently dropped down, you can always have that mindset that you'll eventually profit from it. But even so, you have to invest only what you can afford to lose. This is a reminder that you'll always hear when someone asks for an advice about crypto investments. Because there were newbies that invested a huge amount without understanding every single thing that they do.
Thanks for the advice this is relevant idea for me regards investment ,since I'm new here I'm really interested to learn new thing and surpassed all I encounter this advice for me is great gratitude that I will use it for my understanding.
I wanted to give you some advice, but from the beginning to the end, I think everyone is right and I have gained a lot. Whether you are investing in cryptocurrency or other things, keep your mind clear, don’t Panic due to a normal decline. In the field of investment, the ups and downs are normal. Keep your original intention and remember to do what you can. You must have enough funds to invest. Don’t listen to other people’s persuasion. Investing after I understand it.
A lot of newbies are being screwed by platforms offering high ROIs for their investments. If their motto is somewhat, deposit this x amount of crypto, and you will get paid 100- 1xxx% profit in few days, then more than likely, this is a ponzi scheme or a scam in the making. Don't get attracted with high ROIs, because most of the time you can't even get your initial funds back. And also, don't believe to strangers suddenly sending you a pm in telegram or any social media channel "wanting" to help you in crypto investments.
That is a very common scam that happens, and we look funny when they also have certain telegram groups with fake members account chatting with each other, trying to ensure the other real members that they have cashed out the profits only in one night. And badly, many people (especially newbies) are trapped, and they deposit money and get nothing. This happens very often in my country, until it was in national media and news, Scammed by crypto as they said.
So, this also will make the reputation of crypto down again, and ordinary people think that crypto is full of scams. While they themselves are not willing to learn and asking at first before putting in money.
Cryptocurrencies investment, it's all about movement of step by step , i think you should have undergo or understand the concept of cryptocurrency first before adventuring into it, investing in cryptocurrency is nice but you emphasising that cryptocurrency show's it potentiality during covid19...lol.does it mean that before pandemic crypto Lacks potentials..the answer is No because cryptocurrency is already in existence before pandemic and people has been investing on it in different dimensions or occasions, so at this juncture you have to make a proper research about cryptocurrency, or your long time stay in the bitcointalk community will expand you or educate you for preferable methods of cryptocurrency investment, try to observe the community by following the trading section and altcoins section, including bitcoin discussion board to give you more information about cryptocurrency.
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After this massive bull run to 63k, Personally I don't believe now this Covid pandemic can do something bad for BTC. This can only help to sudden decrease in price. Again after few days,week or month bitcoin will rise and hit it's new ATH. That is happening last 11 years.
btw there is no alternative of doing own research before investing in crypto.
btw there is no alternative of doing own research before investing in crypto.
There is no better quick advice but we should be able to learn from all the suggestions to combine to make it right when investors are new to bitcoin.
Investment is quite easy, you just buy and do what you want, whether short or long term depending on the target that has been set, but remember this takes a long time, we will go through various obstacles and obviously you are still seeing this news from a positive side and the negative, then it must be thought about carefully and also with analysis, not just quick advice.
Not only in the pandemic long before bitcoin has also experienced popularity and now it's soaring during the pandemic bitcoin has gone against the flow to become a high value, you have to know all that because all of this does not escape the temptations that occur in the market.
Investment is quite easy, you just buy and do what you want, whether short or long term depending on the target that has been set, but remember this takes a long time, we will go through various obstacles and obviously you are still seeing this news from a positive side and the negative, then it must be thought about carefully and also with analysis, not just quick advice.
Not only in the pandemic long before bitcoin has also experienced popularity and now it's soaring during the pandemic bitcoin has gone against the flow to become a high value, you have to know all that because all of this does not escape the temptations that occur in the market.
Whenever someone tries to talk you out of investing on BTC and other coins remember that crypto shows its full potential in Covid period and it's the last man standing tall over other assets out there, if this doesn't motivates you I don't know what will.
When people are fearful, panic with uncertainty about the world, because of pandemic or whatsoever, what they keep in hands would be fiat currencies, of course not shit fiat. It is hard to accept this fact when you are a bitcoiner but you can not deny it. Bitcoin is too volatile and it is vulnerable in such events and uncertain period.The pandemic is officially announced by the World Health Organization in March 2020 and crypto market has been risen too much after that. If you say it is the best time to invest money into crypto market because of pandemic, it is not correct.
Fortunately, there is currently big discount on the market and you can participate in, build up your long term investment, and wait for good price to take profit. As said, you should do it with long term perspective, not short term.
Why long term?
The market should be stucked for months and in the meantime, it might have some horrific shakes that will cause terrible temporary losses. It will be not good for your emotion if you begin with short term view.
Long term, bullish.
Short term, many traps, loopholes along the way.
@Pmalek is right, at the beginning of lockdowns around March 2019, when covid hits. A very huge dump for most of all assets in the world, including Bitcoin, golds, and multiple stocks. So, it's still not very sure that we can be guaranteed that Bitcoin will always be pumping or up in any situation.
Speaking of being an investor, if you are an investor and want to invest in Bitcoin, you should not always thinking the positive and good sides, you should also consider risks because not all investments got no risks.
Speaking of being an investor, if you are an investor and want to invest in Bitcoin, you should not always thinking the positive and good sides, you should also consider risks because not all investments got no risks.
Whenever someone tries to talk you out of investing on BTC and other coins remember that crypto shows its full potential in Covid period and it's the last man standing tall over other assets out there, if this doesn't motivates you I don't know what will.
Im not sure someone will drag them out from crypto only those who dont know how to trade and probably get scammed by some scammers on crypto. Everyone are aware how good and how crypto can be recognized as one of the most potential investment out there. From gaming adoption to different sector that inclines blockchain in the process. No one can really motivated if you cant allow yourself to openess from new perspective. Crypto will continue to evolve either your with it or not.
@Pterosaur
You might be forgetting that bitcoin, just like the whole crypto industry, also suffered at the beginning of the pandemic same as other types of investments. If you go back and look at the charts in February and March 2020 when the infection started its massive spread in Europe, you will see that bitcoin was priced around $10.000 and from there it dropped by almost 50% to $5.000. Then it slowly took off until it peeked at around 63-64k. I am not sure how much the pandemic had to do with it or if it was mostly down to greater acceptance by big businesses and corporations who started buying loads of coins and investing their capital into crypto.
You might be forgetting that bitcoin, just like the whole crypto industry, also suffered at the beginning of the pandemic same as other types of investments. If you go back and look at the charts in February and March 2020 when the infection started its massive spread in Europe, you will see that bitcoin was priced around $10.000 and from there it dropped by almost 50% to $5.000. Then it slowly took off until it peeked at around 63-64k. I am not sure how much the pandemic had to do with it or if it was mostly down to greater acceptance by big businesses and corporations who started buying loads of coins and investing their capital into crypto.
There are new crypto investors who reached out to me via Facebook (probably from mutual friends or referrals) asking for advice, and i just simply said that they should only invest and trade what they can afford to lose because there are no astronomical guaranteed returns here in holding and trading crypto and never sell at a loss.
With or without the pandemic, do your own research and make your own conclusion and eventually decision. Nobody should just convince you to invest or not in Bitcoin without you lifting a finger and making your own verification.
Anyway, I can still remember when the financial market took a slump around March of 2020, Bitcoin was one of them. The economy was going down and it seemed Bitcoin was not counterflowing. That was the time it was asked and even debated for the nth time whether or not Bitcoin was indeed a non-correlated asset.
Anyway, I can still remember when the financial market took a slump around March of 2020, Bitcoin was one of them. The economy was going down and it seemed Bitcoin was not counterflowing. That was the time it was asked and even debated for the nth time whether or not Bitcoin was indeed a non-correlated asset.
" Stay Calm & Be Patient"
That is the only thing you should remember when you are starting your cryptocurrency journey. Markets go up and down but you need to set your goals and accordingly react. If you are not patient then you will lose everything. If you stay calm and have patience you will gain most of the benefits.
That is the only thing you should remember when you are starting your cryptocurrency journey. Markets go up and down but you need to set your goals and accordingly react. If you are not patient then you will lose everything. If you stay calm and have patience you will gain most of the benefits.
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My friend introduced me in cryptocurency back in early 2017, but I had done months of research first before I bought one.
It would be great if all newbies have done the same. But most of them just jump here and there without knowing how bitcoin really works, they just learned that you can earn crypto then buy here and there, then after several days or months, they just curse bitcoin for what it done to them.My friend introduced me in cryptocurency back in early 2017, but I had done months of research first before I bought one.
Bitcoin really help lots of people, especially when it pumps. But there are still lots of disadvantages people considering why they don't want to get involve.
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