Topic: Suggest for newbies investors! - page 2. (Read 515 times)

Telling newbies not to invest early is not a good advice for newbies,  bitcoiners who missed the opportunity of investing early are not really cool with the delay. I should  be expecting from you to tell newbies not to rush into investing without knowing what investing in Bitcoin is all about. Some newbies just have in mind to invest to become rich in bitcoin are they rush into it and not having good understanding of how the volatility of the market works, but a newbie that understand bitcoin and the volatility of the market their is not bad if a  newbie like this should invest in bitcoin early.

If I did not invest early as a beginner, then what should I do first?

Not all beginners have the mentality of getting rich quick in cryptocurrency; some of them are well educated and have a good orientation on how the cryptocurrency system and the market fluctuate, and they are prepared for it. That is why some of them want to start with buying BTC and keep learning before thinking about trading.

You are correct that newbie advice should always centre on bitcoin because, as a newbie, investing in other cryptocurrencies is very risky, even though some senior forum members do so in the hopes that something good will come of the coin. However, learning about bitcoin is crucial for newbies because, otherwise, they risk being scammed. Additionally, investing in bitcoin does not guarantee success in life. You must be patient when buying bitcoin, and if you thoroughly research it before investing, I promise that you won't lose your money.

I'm saying this because of those who constantly believe that investing in bitcoin will make you rich. I've seen someone who is just learning about bitcoin and did have the desire to invest for a while complain that if he had known it would take a while for someone to make a good gain, he wouldn't have done so. This demonstrates that he had little knowledge of bitcoin before investing, thus I advise all beginners to learn a lot about the currency before doing so and to avoid blaming people who first exposed them to it.

The majority of forum users advise investing early, particularly for those who missed the very first phase of bitcoin buys. If we don't invest early, we may have more regrets later on when many others succeed by purchasing early and hanging onto their bitcoins.

Buying and holding is more desirable to me than taking a chance on trading, so I'm not really worried about trading. When I enter the trading world without any expertise or backup plan for my money, my mind will not be at ease. It would be better for me to not give in now than to try and fail.

Can you explain why it is not advisable to invest early and not trade too fast?
You only convey prevention but are not equipped with more reasonable reasons. Then what if Newbie Investors want to invest and trade in Bitcoin, is this step also not recommended.?

Bitcoin is known to be stronger and more resilient than other cryptocurrencies, its unquestionable fundamentals will be a great choice for newbies who want to start investing.
Newbie, immediately invest and trade as soon as possible in Bitcoin while the price is undergoing a correction.

When newbies come to invest in crypto they tend to think differently which can lead to their losses. When a new trader thinks that he will become rich by trading in few days, it is all his greedy thinking. If he thinks so then he must be zero at this time and it is never possible to profit in crypto in a hurry. Rather a new investor or trader needs to know about different strategies and follow them accordingly. Many times it is seen that some investors are not well experienced about the market yet they invest and lose money during this time, so he needs to research about the market before he can be successful.

I don't see anything bad in what OP has written, he might not be a very good poster but what he said is absolutely correct, most newbies basically rush it, they don't learn anything, they don't do any proper research, but all they want is to earn money because they've heard people saying that they can earn money by investing in cryptocurrencies, so they get into the market and start buying recklessly without any knowledge and information about the market.

That is definitely not the right way to go about it, a person should first learn the basics, they should study the market, read about different cryptocurrencies, and check their history, they should see how the market has been doing lately, once they get ample information and knowledge, then they should start taking investment decisions.

This has a double meaning. If it seems negative for you, for the other instances this is a good suggestion. For example, in the past for several years if tell this to yourself as a newbie then you may be feeling the regret now because you have never invested too early. That's how it goes but if you just did the right thing of investing too early, then you're one of the people that's being jealous with by many people.

The same goes for this, you'll never experience and learn the lesson in trading if you don't do it. But, the good thing is we've got choice to hold so if you think that you're not a good one and you give up, choose to be an investor and hodler.

It's okay, just about the rich quick scheme because trading and buying Bitcoin aren't part of it. And at the end of the day, that's true about DYOR before doing anything.

It can be said that:
Invest or trade when you are really ready to do that.
Being ready here includes a number of things, not just being ready financially. But also prepared in knowledge, mentality, and also risk management. Because investing, especially trading in crypto, is indeed very high risk. Instead of wanting to get profits, it will actually turn into a big loss if we don't really prepare very well. especially if it is a newbie. Just imagine, even professional traders can experience failure and loss in trading, especially newbies who are not equipped with sufficient knowledge and self-preparedness? That means it's just like gambling, it's simple.

I guess OP is referring to the newbies who invest in Bitcoin without understanding the Bitcoin firstly. There are many newbies who invest in Bitcoin because they follow the hype only. They probably hear that people can be rich instantly by investing in Bitcoin, and they think it is an easy matter. Even worse, they don't know the risks of Bitcoin investment. They also never learn how to deal with the risks.

Early investors bought Bitcoin when the price was very cheap. So they don't use big money to buy the Bitcoin. They won't regret it even if Bitcoin have no value in the future because it is a small money only. It is different when we invest in Bitcoin now, the price is already quite expensive. So, people will regret it if they lose a big amount of money.

People want to speculate on something they never experienced because they know well about it. Although it may be the first time they try it, but they already learn it deeply. I am sure no people who purely want to speculate on something that they really don't understand it. No one wants to waste his/her money, especially if it is a big amount of money.

For the early investors in Bitcoin, they only know it will be a digital currency in the future. It was actually described by the Satoshi on the whitepaper. But since the price keep increasing and there are more and more people want to buy it, people view it as a future asset as well. I assume most people aren't involved in Bitcoin because of loving the privacy or financial freedom, but it is about the potential of the future of Bitcoin.

Here's an imaginary merit for you.

This is a subjective one, and the result isn't always the same.

Sometimes, investing earlier than other investors can give more profit to them especially if they are lucky to invest their money into a new project that became successful. On the other hand, not investing early might prevent the investor from getting scammed because we know already that most of the new projects currently are mostly ending up as a scam or an abandoned coin. Either way, since I'm an investor who mostly invests my money into established coins already, I'm agreeing with this one since I'm a conservative type of investor.

Do not trade to soon? Can you please elaborate this.

I guess if you're pertaining to "Don't trade to soon, unless you have the knowledge already" then I guess I'll just agree with you because in trading, knowledge is a big factor. Aside from knowledge, experience really helps as well because there are some times where in order for you to make a better decision, you need to experience losing in trading. Just my opinion only though.

I'm not new to the crypto market, and I know already how market moves.

You are right and I don't know why OP is saying one shouldn't invest early,when it is the early investors that have benefitted more from bitcoin because they bought bitcoin when the price was very cheap. There are some people who loves and believes in something that they haven't tried but because they understand what might happen tomorrow, they will take advantage of the belief and invest to hive it a trial. This was how some early investors gave bitcoin a trial because they love the privacy and financial freedom attached to it and not because they think that the price will soar high to this extend. It was a surprise for them to see that bitcoin became an investment and has great potential more than what they took it for.

Tell this to those who bought bitcoin ten years ago, having absolutely no idea what price the coin will reach and having no idea that a cryptocurrency market will be formed thanks to BTC. It was those first investors who got the maximum profit, which is impossible for those who invest now.

People suggest to not hurry trading or investing because we need to have sufficient knowledge first. Trading/investing in crypto is a high risk, it is not as easy as people think to get profits. Crypto market has a big volatility, we can't deal with this type of market if we don't have enough knowledge. Also, we need to always update information, because the news has a big role to determine the up or down of crypto prices (red/green market).

In addition, new comers must have a good mentality. People who are easy to panic, will be difficult to deal with too many FUDs in crypto. That's why we must have sufficient knowledge first, then we can build a good mentality.

Investing early is the best idea to me. Investing in bitcoin is the best investment option for all investors especially the newbies who have no knowledge and the big risk in investing in other coins. With bitcoin, you’ll not experience irreplaceable loss unless you’re careless with your money and didn’t secure it fully.


Trading is for everybody and not secluded to few, but the ability and prepared mindset you have determines when you’re ready to trade or not. If you’re not prepared mentally and emotionally, don’t go into trading because the market is volatile and it’ll not always goes one way. Having the notion of getting rich quick always leads to disappointment, that’s not what bitcoin is all about and such notion should be discarded by newbies coming into cryptocurrency.

Newbies should invest in crypto projects at a very early stage of a project because newbies lack adequate knowledge, strategy, and information to explore the crypto market.

This is a silly advice to give to a newbie or anyone. If you don't advise one to invest early in a project when do you think is appropriate to invest, late? This is so disappointing coming from you and I was hoping you could give a good reason as to why one shouldn't invest early. If you are going to advise to always do due diligence before investing in a project is fine but not this please.

I'm going to agree with you on this one. As a newbie you shouldn't rush and start trading, if not you will end up losing your funds. The smart thing to do is to equip yourself with the rudiments of trading, learn the fundamental analysis, read books, articles, watch expert videos and importantly try your hands on demo trades before finally trading with Bitcoin or any other crypto assets.

I guess you have the mindset of altcoins in making this post and it is perfectly reflected in your post. No newbie that joins the industry now is early, especially in bitcoin investment. They can be early in altcoins investment and that is why I said that you had the mindset of altcoins in making this post.
I will recommend that any newbie that has learnt the basics of bitcoin, this is the right time to invest, there is no need wasting more time.


In the context of bitcoin investment, this advise is correct but saying about altcoin because that is where mindset it, it is nice to trade to trade anytime you have profit because the coin can just dump on you.

well, first advice should be that newbies should learn about Bitcoin and be fully educated and convinced that they have learn the cons and pros of Bitcoin and should have even invested into Bitcoin, before taking a decision to play around with Altcoins. Some newbies learn about Altcoins during their first stage to cryptocurrency and they get some kind of conviction that Bitcoin is too expensive and for that, they go for some shitcoins which they think is too cheap and they can buy billions of those coin with just some dollars. Yea, it's quite simple to become shitcoins billionaire with those large sum of  shitcoins in your wallet, but it's not easy to become a real dollar billionaire with those huge amount of Altcoins. Newbie should learn and make their privacy and security a periority because in the Crypto space, there are lot of attacks on investors and their wallet.

I would also agree that you are trying to encourage people here to do research on crypto before they all decide to invest and trade too fast in the market. Because not a few people are often rash in making decisions after hearing about crypto from other people's mouths without doing more in-depth research by themselves, so actually I also quite agree if you forbid them from investing and trading if they are just getting to know crypto and don't have much more understanding of crypto itself yet.