Topic: Some Crypto investor beginners are acting professional impacting wrong knowledge (Read 309 times)

I share the same mindset. I don’t actually encourage people to invest in bitcoin, if they do it should be their own will. However, I’m more on instilling to my friends about how bitcoin is designed, that it should act as a reserve currency for fiat though I’m also transparent to them that bitcoin could be more risky due to its high volatility. And as much as possible, I do encouraged them to research more about bitcoin if I saw interest in them. That way, I won’t be held responsible for any losses or wrong information that they might gained.

If you can’t work on your own success, then do not rely from other people to feed you some information that you aren’t sure if they can be helpful or not. Instead, learn to DYOR everytime you receive some promotions most especially if it’s made by some beginners. Be responsible and try to filter everything that you come to absorb. In the end, you learn to accept their insights but the final decision is yours if you will apply that to your investment or not.

These sets of people give themselves different professional names just to deceive people that they have the relevant knowledge. I have seen names like crypto analysts, crypto gurus, crypto specialists, etc, and I wonder what qualifies them to bear these names. These sets of persons speak with authority even when they lack the requisite knowledge and experience.

Most of their lectures, articles and podcasts end up introducing people to a shitcoin, Ponzi scheme or other crypto projects which promise to make people rich. Newbies should always spend enough time doing their research to avoid becoming victims of these deceivers.

I don't persuade people to invest in Bitcoin because it should be a choice born out of knowledge and conviction. I only tell them about Bitcoin and explain the risks and benefits involved in investing. I also encourage them to do their research. It is now up to them to choose to invest or not.

Most people introduce Bitcoin to people as a get-rich-quick scheme. This has led people to even borrow money to invest to recoup high profits after a short period. Many of them end up becoming frustrated because they don't understand how Bitcoin works. Some of them usually become impatient and sell off their coins prematurely. An they win end up blaming the person who misinformed them.

Bitcointalk is one of the best platforms to learn about the Bitcoin space. It contains quality materials about everything a newbie needs to know before investing in the industry. However, I have observed that many people are not willing to learn. They are not patient enough to gather enough knowledge this is why they are easily deceived by these wannabe crypto professionals.

By not immediately believing in what someone explains via YouTube, you will also train your own accuracy when you start something based on your own research. Because trading does not only cover one thing, but also includes two things that cannot be separated from each other, so you always need to be careful when carrying it out. So in general I also agree more with what you said because on the one hand it can make us more diligent in studying while trying it with the knowledge we have gained ourselves.

Flexing about such things you don't have is the worst thing in my point of view and on the same side providing guidance to others with the thing you don't have a grip on is the more worst step. These kinds of people should be avoided as they lose their funds along with those people who are getting guidance from them. I don't know what kind of satisfaction they get flexing on their insufficient knowledge although it is crystal clear that only one wrong step is needed to lose your funds in the crypto industry.

On the same hand, one right step is needed to gain profits in the crypto industry but survival matters more here rather than earning profit in the crypto Space. That's why this kind of person should not flex and provide guidance to other people until they have a strong grip on the field. But in my opinion, we should not take action on others saying in the crypto industry we should help DYOR on the projects we want to invest although we can use others' sayings as a part of reference.

Newbies shouldn't teach someone with how they invest or how people manage their funds but if a newbie is only teaching someone with the knowledge they learn or let's say where that newbie introduce someone to Bitcoin or in crypto world then I don't see any problem with that since the newbie is spreading the information about crypto to those who doesn't know about it like a friend or family for example although not all would be into crypto and shouldn't force anyone instead newbie or non-newbie should let the people they taught decided themselves wether to be in crypto or not.

Bringing a novice to the forum is the best assistance one can render to a beginner that's interested in learning cryptocurrency rather than trying to teach him or her. This is because the teacher might end up passing the wrong information or not outlining some of the risks involved in crypto investment. Even right here on the forum, there are some questions a newbie would ask and you'd see high ranking members like hero or senior members dishing out wrong information and these are members that are supposed to know some basic information about Bitcoin and wallet security.

Well Said, even if I'm been thought about crypto trading by a professional, before I can proceed first of all I will make a deep research about crypto trading so as to check if I can get the same idea. Sometimes what you learn in most of this online tutorial isn't what you're going  to see in crypto trading, most of the people you're seeing in YouTube, that pretends to be a professional in crypto trading, mean while they don't even have any idea on what they are talking about, they are just feeding people with wrong informations about crypto trading, that is why I don't like participating in those online tutorial.

Not everyone is lucky enough to meet the right people that is what makes the issue here.

Newbies who just enter into crypto trading from watching random ad or youtube video and just get some basics and here only for a couple of weeks decide to show off to their circle as a crypto pro will cause others to get the wrong idea about what is crypto trading.

I never forced anyone to be in crypto, I just stay low and that's my nature in everything unfortunately not everyone has a similar attitude.

This should be the worst possible outcome for a beginner after listening to newbies who have no idea what cryptocurrency is all about. Such newbies who fall victim to this scam are openly looking for quick money and will go to any length to obtain it. This group of newbies will continue to spread misinformation about cryptocurrency despite having tried and failed the strategy provided by a fellow newbie. Beginners should learn rather than teach when introducing others to altcoins instead of bitcoin.


Even in the crypto space, when you meet the right people, they always say "Do Your Own Research" (DYOR), which is a well-known phrase in crypto. That phrase should serve as a wake-up call to those who jump into anything, including enticing projects, in order to attract more investors. Before investing in a project, extensive research should be conducted to ensure its credibility.

Everyone wants people to know that they are a crypto trader and those are the kind of people who are always misleading people into making wrong decisions they won't tell people the truth and the risks behind them going into investing in crypto.  and that is when you see people coming to comment about how they lost money investing in Bitcoin but at the end of the day the mistake was from those who introduced them. If someone is introducing you do your research the internet is full of information you can get anywhere. so that you do not blame anyone. so that you don't have to blame anyone for anything.  And since everyone is looking for the easy way they don't want to learn but they want to make money and those two things work hand in hand money and learning no learning no earning.

It has been advised on this forum several times to know the kind of information one receives mostly as regards people dishing out wrong knowledge due to their reasoning capacity and exposure to sources of information.
Do your own research in short for DYOR is a phrase that means exactly as it is spelt out, and it is for everyone learning here to triple check the honesty and truth in any information being caught in a web of ignorance.
Use and visit original websites for better information and if it regards trading and other Blockchain technology activities, YouTube is a great search engine with unlimited resources.

Yeah that's true and I have seen a number of people getting their assets lost due to the negligence and too much trust on others shoulders. Basically the reason behind people doing this type of shit is that they are either the course sellers who are very good at marketing and after learning some basics of the crypto market they start to sell their course or skills to the investors.

I have encountered these kinds of people although I got rid of them at times but still I remember them due to their outstanding convincing skills. They either say that we will work on partnership and you'll give me a percentage of your profits or they charge you a fee. In both cases they run away after you fail or lose assets. So be aware of these kinds of scammers.

Crypto is modern era technology and generally people used to show off to people when they have no knowledge about it and that's why newbies try to educate the people even when they didn't know anything in deep. We can't decide what others actions will be so it's our responsibility to verify the provided information is right with our own research which doesn't even take that long to find credibility of it.

i just don't understand how someone who is new to this industry and still learning various things, can dare to introduce other people and invite them to invest in tokens that are actually not worth it.

it's like a blind person leading a blind person, when they should both be led by someone who is right and understands the way. but that's how it is, sometimes there are some people who feel too smart and know everything, so they feel that they are worthy of introducing other people to it.

Its annoying seeing that some people are not well acquainted in the background knowledge of cryptocurrency and they still went ahead in discussing on how they can bring in newbies to the same network, when they also needs to be mentored and learn extensively to understand the way the entire things goes in cryptocurrency, learning never ends and we cannot deceive ourselves for any reason in other to impress others, when we actually know right form our minds that we are also just learning and coming up.

People will always want to blame someone else for their own actions. This is why when I tell people about Bitcoin, I don’t hammer on the investment side of Bitcoin. I prefer to talk about how decentralized, transparent and secure Bitcoin transactions are. I would add that it is possible to hodl Bitcoin for long term and see some rise in value, I also tell them the risk of crypto trading. This is my way of absolving myself of any of any problems that might arise in the future.

TBH if someone wants to promote something to you, and you know that the only just started, then it's your own responsibility to take everything they tell you with a grain of salt, since it should be obvious that someone who just started is not a good teacher themselves.

And I don't think many people are intentionally trying to get others into crypto as beginners. They probably talk about what they have been busy with to their friends, the friends get interested and ask more questions.

Regardless of your rank or position, it’s certain that not all topics discussed in the forum you have something relevant to say. Our knowledge is still limited, so we can’t act like if we know everything when in reality, we are already struggling to find the right words to say. Most particularly for newbies as obviously they have less exposure in the forum. They still have a lot to learn, like everyone else in the forum.

Introducing someone to crypto is not a bad thing but what benefits would it be if someone is introduced into crypto by a person who has little knowledge about it? It would be a disaster instead. When there are questions who would answer them? It would do more harm than good to the person introduced so it’s better to wait until you have acquired much knowledge about it before thinking of introducing a person so you don’t lead the person into losing their money and they don’t end up blaming you for their loss.

They would survive, some people actually learn from mistakes and experiences they had along the way.

No matter the orientation given to them they would still go on and introduce people because they would feel they are rendering help to them and some just to show others that they are good at it and brag about it. A person who skips the learning process would not tell people to learn first when they introduce the person they would just feel that skipping learning wouldn’t actually have any effect on them because they don’t know they are doing something wrong.

This happens alot and people get blamed for misleading the people they introduced after they have lost their investments due to poor orientation. I don’t even think of introducing people into crypto especially when money is involved because people can’t be trusted when it comes to money no matter how close you think you might be.