Quick advice to new crypto investors - page 2.

Twinkledoe

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Quote from: Rengga Jati on June 26, 2021, 04:44:32 PM

Quote from: Pterosaur on June 26, 2021, 12:14:24 PM

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.

And remember, while Bitcoin and crypto assets are very potential assets in times of Covid, they can also be the other way around.
They can even make you lose your money and make you suffer even more.
That's why, make sure you really understand investing in the crypto world, not only about the profits that will be obtained but also the risks.
Thus, you can be more careful in placing your money.
- Be careful of various kinds of Scams that are always there with various super interesting tricks.
- Don't be swayed by investing Bitcoin in a certain platform in return for extraordinary profits in a short time.
- Do not easily believe the persuasion of people who want to help you get higher profits in a fast time.
- Don't get carried away by the hype and FOMO that can make you just invest too
- Always do DYOR before investing in Bitcoin or any other cryptos.

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.

WNTRjon

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Quote from: Pterosaur on June 26, 2021, 12:14:24 PM

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.

I am genuinely not sure what you want beginners to take away from this post. There are a lot of good reasons for people to discourage you from investing in Bitcoin and other coins.

BIT-BENDER

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Quote from: Pterosaur on June 26, 2021, 12:14:24 PM

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.

Last man standing in what? Asset is not periodical when trying to value it, there where period bitcoin or other crypto-currency was very less value than other asset like Gold, if this motivation has stood then, we won't be having an arena for you to be making the same motivation again now.
Please the motivation I can give anyone before they invest is to do their research and make up there mind, I have done mine past now, and crypto-currency is exciting and promising for me, not by any motivation but by thoughtful research and fact, so go on do yours.

Rengga Jati

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Quote from: Pterosaur on June 26, 2021, 12:14:24 PM

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.

And remember, while Bitcoin and crypto assets are very potential assets in times of Covid, they can also be the other way around.
They can even make you lose your money and make you suffer even more.
That's why, make sure you really understand investing in the crypto world, not only about the profits that will be obtained but also the risks.
Thus, you can be more careful in placing your money.
- Be careful of various kinds of Scams that are always there with various super interesting tricks.
- Don't be swayed by investing Bitcoin in a certain platform in return for extraordinary profits in a short time.
- Do not easily believe the persuasion of people who want to help you get higher profits in a fast time.
- Don't get carried away by the hype and FOMO that can make you just invest too
- Always do DYOR before investing in Bitcoin or any other cryptos.

isaac_clarke22

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Quote from: Pterosaur on June 26, 2021, 12:14:24 PM

~

Uhh no?
I would invest in BTC, because I have the money to invest in one and I had done enough research that convinced me to invest in it.
I would not invest just because somebody tells me to, whether it'd be a friend, family , relative or even my dog and whether it is during the pandemic or not.

My friend introduced me in cryptocurency back in early 2017, but I had done months of research first before I bought one.

Asuspawer09

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Quote from: Pterosaur on June 26, 2021, 12:14:24 PM

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.

Do your research in cryptocurrency, bitcoin, etc before starting investing, Start saving to start an initial investment in cryptocurrency, and start right away as soon as possible.

Most of the common mistakes of new investors are investing everything in cryptocurrency without even doing research and not knowing how risky investing in cryptocurrency is, Selling your investment at a low price where buy the crypto, not doing "Buying low sell high", being too greedy to the profit and not having an exit strategy in cryptocurrency.

There are a lot of members in the forum that has the experience that could help you in your trading but at the same time, you should do your own research and in your way, you will gain experience.

sapnu

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Crypto investments is a complex task, it is not as easy as you think. It opens up to new possibilities as well as new chances of earning but behind all of it, you need to understand and learn how the process works. If I were to give a quick advice for newbies, I would tell them to learn and understand first how they can be successful with what they are doing. Crypto investments should be take seriously considering the risks and troubles you may face on the way. It is a complicated job, no one should take it easy so that sooner or later we can all benefit from it.

noorman0

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[Nope]No hype delivers more than hope

Everyone has their own level of skepticism based on their experiences and estimates, and it's not wrong to warn us as a sign of concern. Moreover, during difficult circumstances such as the pandemic, people will prefer to prioritize health and needs over investment.

But the decision is entirely in our hands, we should know more about the crypto that we will invest in with all the risks than their assessment. They will be silent when you succeed, and will continue to talk a lot if you fail. That is all.

CryptocurencyKing

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In order to stay ahead of your crypyo investment, you ought to make due research on what crypto is itself. That way, no one can easily talk you out nor would the chaos surrounding the crypto ecology itself pose a challenge that you can't handle. Should you know kw what your doing, the FUD would just be a noise in your ears.

Again and more importantly, learn the act of actually hodling your crypto investment as those who hodl have been found to gain the most of it but to be able to hodl, you need great patience. So patience isn't just a virtue in crypto, its a virtue that helps you be on the side of profit especially when it comes to hodling.

Amongst all, seek knowledge about a system or field of interest before investing. For cryptos, bitcointalk can stand in as a source of Crypyo knowledge and verification. Thats about what the forum stands to be.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

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.

Pterosaur

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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.

Topic: Quick advice to new crypto investors - page 2. (Read 315 times)