Topic: Some Crypto investor beginners are acting professional impacting wrong knowledge (Read 420 times)

Nothing pain more than seeing a beginner in the space involving him or herself in project that he or she have no solid knowledge about and watching them becoming confused with the whole system. We should always stick to time and never relent when it have to do with the market. Everyone have their own style but for me, I'm always sticking to my personal investment in the space and also seeks for improvement in all sectors. We learn everyday and it's more reason never to get stuck in one place.

My view has changed before when I was so optimistic sharing what I have learned about the basics of crypto to people. And as it has changed, when someone tries to ask me for this and that topics, I'll just give them resources that they can read for them to really have an idea of what they're asking. I don't engage a lot anymore personally because people have the same idea about crypto and money nowadays. They think you're rich but I hope that I come to that point in my life on what's the description of riches on their minds. I have no issues if a beginner is acting profession and tries to explain things in a right way. What's wrong is when they are a beginner and they're sharing misinformation to another beginner. But with what I have noticed, most of them are into airdrops and altcoins that they all believe going to move 1000x in a short period of time. I think, it's not all about the crypto that they're sharing but it's about the mindset they're passing on to the other people of what cryptos are.

You're right actually I don't like telling people about crypto investment reason is because they might go with it the other way round, and at this point you will be hold responsible for anything that happens, most people might be thinking that you gave them the wrong informations about crypto investment. this is why I don't like telling people about crypto investment, but for those who are willing to learn about how crypto investment works, I always share the little knowledge i acquire about crypto investment to them. probably after teaching them I will also tell them to make intensive research about crypto investment so that they can acquire more knowledge from there and also add it together with the little that I have given them so far.

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.

There is so much liberty in the crypto market that is why we keep seeing people making repeated mistakes without proper understanding of what is necessary and what is not worth it. We need to keep aspiring for information because this is one of the ways we could earn and  make money from the market. If we keep seeing newbies that are claiming that they are good and I've been in the market for long, we just have to leave them because they would sokn learn, maybe in the hard way and this normally teaches a lesson.

This isn't a new thing. However, it's very important as a beginner to gain full knowledge of the crypto industry before trying or embarking on a journey to teach others. This way, you don't go around bragging about what you don't know, which might end up leading you into trouble. A lot of newbies forget the most basic fact about this industry, which is that any decisions you make will affect you either negatively or positively, and you aren't only damaging your reputation, but you might as well damage the reputation of the coin you are informing others about.

Having full knowledge of how everything works is the most essential before teaching others, but some newbies these days have failed to understand that part and rush into educating others. Just as you have said, OP, to gain full knowledge about Bitcoin and the crypto industry, it would be best to introduce an average Joe to the forum. Here, he will be able to learn by asking relevant questions and having the opportunity to be replied to by top professionals and OGs in the Bitcoin network

I've been investing on bitcoin for couple of months now and had also gained great height of knowledges including lessions learnt from those who has shared their bad investment experiences here in this forum, I've a long way knowledge that I can also impact on anyone that's willing to invest in this crytop industry but honestly I don't feel comfortable bringing anyone in yet unless the person has the his personal desires and then I'd contribute to the best I can.
Oh yes, I concur that I'm still I'm still under process of learning more. If I may ask, would learning about this crypto spheres ever end? Do we have investors who'd say they've graduated and are confident in all ramifications of this crypto industries? I guess not so anyone with little knowledge can't as well extend to the next person but the advice is that if you're not sure of yourself acquired knowledge without even an experience, then it doesn't make sense trying to hype yourself at some who tends to learn from you at where you're literally dump head to the system.
Lead but don't mislead.

Me, I've got blamed for the losses of some of my friends because I was the one that has introduced them.

I guess that many of us have got the same experiences here but yours is different because they've invested into some memes.

Majority that have been pumped on 2017 bull run and then got into 2018 bear run, it's sure that many have been blamed for that bear market.

You would see more of this as the Bitcoin halving draws even closer. It's just the fever/fear of not missing out. I personally have experienced so much talks about crypto-currency recently in my area than last year. Many even suggesting to me lots of opportunities in their own opinion. Many people are looking for a way to break out of poverty and they have this wrong mentality that Crypto-currency is the fastest way out of it.
I would say some of this attitude runs deep as to who brought them into crypto-currency, the ideology behind this and not telling them about the risk. I see some even talking about mining Altcoins from sources they can even verify their authenticity. We may have some cases of scam on the increase soon

I've never done something like this before because I understand how difficult it is to invest in bitcoin. Bitcoin investment is not for everyone, we are all different. You can only introduce someone to bitcoin, but they will still invest in altcoins to double their income while not knowing anything else about it. Some people think that bitcoin and altcoins are comparable, while investing in both gives the same profits. When it comes to investing, we don't have the same views, some people see it as a quick way to make money, which is why I rarely tell people about bitcoin because if they invest in another coin and lose money, they will blame the person who introduced them, some people may even demand that you repay the money they invested.


Even in this forum, it is not normal to introduce someone while you are not prepared to teach him how the forum works, because most people are too lazy to read, they can't do anything on their own, they need to be motivated, we can't just introduce someone without telling them anything about this forum, they may do something that violates the forum rules and regulations.

I have only introduced few persons to bitcoin, but not telling them to invest, and so far it was only one of them that came to me that he wants to learn more. I told him that the best way he can invest in bitcoin is when he wants to save for the future, and he was okay with it.

It is good that when we are talking about cryptocurrency out there, you should not mentioned shitcoins, but only bitcoin and let them know that it is not something that can give them funds immediately but it can in the future. No need of over hyping bitcoin, because this is where they will get it wrong.

Twitter and social media platforms have contributed to spreading the culture of cryptocurrencies, where friends boast that they have made hundreds of dollars from the rise of DogeCOIN and Sol. It is natural for new traders to believe that these currencies are good, especially since Bitcoin withdrawal fees are high and the time to obtain confirmations is slow, but when they have been in the market for a long time They will discover that trading and investing in Bitcoin is much better than altcoin

I didn't teach anyone about cryptocurrency until I was fully grounded with partly enough knowledge that I consider enough to share with other newbies about whom I was more knowledgeable than them in terms of crypto. Right from the start, I make it clear to any of my friends that want to invest in crypto that I will never be held accountable for any losses they will encounter, and I don't even advise my friends to invest in altcoin because it is quite risky. 

@OP, you know that people's personalities and levels of knowledge are quite different from one another, and as such, misconceptions are inevitable because there are still newbies who will continue to teach other newbies about the wrong route to investing in cryptocurrency. Due to the misconceived idea that some people have had, which resulted in a bad investment for them, that's why they never liked cryptocurrency again.

I have no beginners, so I never got blamed.

Most people don't care with knowledge, learning, Bitcoin, improvement, adoption etc. What they care is money, that's why even though you've advise them to only invest in Bitcoin, sooner or later they will try to invest in shitcoins.

Those beginners who act professional must be a content creator or want to get validation. If he's a content creator, he make money from it. But if he's someone who want to get validation, he want to hear people say he's success and this kind person don't mind to flex his wealth.

By redirecting or doing some shortcut teaching about investment can cause a lot from those newbies since they can't able to decide as good as those experience investors that's why its better to divert their attention on learning first before they participate on risky activities.

They must be aware about scams and other risky situations so that their expectations will not go higher and they always think about doing their own research first and have critical thinking on each decision they want to make. So they really need to research everything they want to know about this to avoid unnecessary loss and can possibly get into more higher chance that they can earn.

They also should be aware on pump and dump happening in the market so they have an idea about how to deal in this situation to avoid doing some bad misconception on each movement and can able to monitor then learn for something useful for them to learn. Newbie should not get tired to learn new knowledge everyday since this is really brings good help on their investment career.

I barely introduce people to crypto, and even if I do, I don't tell them to directly invest in them, which is the one place most people make mistakes.
 
I feel free to share crypto knowledge with those who need it, and up to the level at which I understand it, I will help enlighten you and show you how it works and how things are being done. Whatever decision you make from there is left for only you to bear. 
 
All crypto that can give you profit is completely volatile; it's left for you to do your research and look for something worth investing in.
 
One needs to look beyond the pump and dump of a token if they want to survive the market because hype can trigger a massive pump, but it will only take a coin with a good use case to maintain that market; if not, it will crash down just the same way it skyrocketed to the top.

This is the best thing you can advise a friend if a person really wants to help him. But most often, it happens a little differently. Someone learns that you can somehow make money in crypto; he starts on his own, and, wanting to be a leader, in order to seem important, he begins here and there to advise his friends to invest money everywhere. This is human psychology; many people lack recognition, but here he may seem cool. As a result, both he and his acquaintances lose, and such a person again finds himself a fool.
 
But there are also real friends who, realizing that they have found a place where everyone can learn a lot of information not only from him but be on an equal footing with everyone else and ask the majority, will definitely tell about this forum. In this case, people are given the freedom to make choices, make mistakes, or improve their knowledge and experience.

I don't introduce people to crypto — as it's highly more likely that they mess things up than them ending up in profit.


You simply can't force everyone to properly do research and their own due diligence. Most people are simply not fit for bitcoin/crypto investing and/or investing in general.

Newbies Stop Teaching When You Need To Learn.

I believe newbies only start to feel amazing and have intention to teach other newbies, introduce, invite someone else to join a new discovery, if they already gained benefit, profit with their own experience.

Teach about the Bitcointalk forum, teach about Bitcoin, investment, trading, is not what actual newbies do.

Not everyone will know this forum. Ignorance also means you will think that you know it but ones you are seeing other people discussion, you will later know that you are newbie to what you thought that you know. But if someone know about this forum, it is good to tell friends about this forum. But that does not mean that you can not discuss about investment and share ideas. Not everyone that you introduce to this forum will even continue to be active while some people will not even bother to post or learn anything at all on this forum.

It is not wrong to introduce a close friend to Bitcoin even if you are just a few weeks in, especially if your friend is the type who shares investment ideas, plans, and dreams with you. However, what I find unacceptable is when a beginner, who has only been involved for a few days and invested a small amount during a bull market, immediately opens a Telegram channel to start analyzing prices or a Bitcoin YouTube channel to encourage others to invest solely based on a minor price increase. I have done the former one but not the latter.
This is the most annoying one. Beginners always know one person who knows another person that made a lot of money from memecoins, airdrops but not the real deal - Bitcoin. When they catch the memecoins fever they quickly urge all and sundry to join in. Of course memecoins gains for the individual is higher with their referrals and that's what they do.

Well what I think that they do now is that they know some of these meme coins are scams and do not pay so they going do with the mindset that it may turn out well for them or end badly.

I just discovered that lot of  the beginners in this Crypto industry has been acting without hesitations to also introduced other people to the industry when they (beginners) are still understudies trying to gain the primary knowledge of the industry yet but they goes out there acting to be professionals insighting variable orientations to people around them that are willing to Invest in the Crypto markets.

And finally they ends up investing in the Altcoins and Meme projects with highily volatilities where they get their funds lost due to the fact of wrong impacted knowledges by the beginners who has not even gained its ground of being learned about how the crypto markets and the various coins actually works via their differential potentials.

How many of you beginners has done this act? Or how many of you amongst us has ever introduced anyone to this Crypto industry and later on you got blamed for their lost of funds?

I think we need more orientations particularly to the beginners so they don't take the act of over excitements that they are making incomes in their crypto investments and tends to initiate others to the system without proper orientations.

Persists on this acts would usually end any of us like that being blamed for misleading to the lost of funds.

It is better of you introduce the person to this bitcointalk discussion forum to learn by itself than you claiming professional to them while you are still a beginner.