Suggest for newbies investors! - page 3.

Kelvinid

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

This is because you are new to the crypto market so you may have an idea of getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of when and how you should proceed.

We'd rather not talk about "getting rich in crypto" because even if you are in the crypto space and investing in Bitcoin for many years, you still do not get rich instantly.

Well, generally, you are suggesting newbies do research first before investing as I understand, and which is right.
Investment is not a contest indeed which who comes first will succeed and earn more but those who come late will earn less. But NO, it is all about how prepared you are and it matters how knowledgeable you are.

odunybiz

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

This is because you are new to the crypto market so you may have an idea of getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of when and how you should proceed.

Crypto isn't a make it quick scheme. It involves continuous learning. Newbies should try to learn for them to start investing.

AakZaki

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Quote from: palle11 on August 17, 2023, 03:36:34 PM

Many people still regret why they didn't invest in crypto earlier enough and you are advising against it? What do you want investors to do? What they need is proper research before going into the investment and not to rely on a mentor who is teaching and struggling with making profit off trade. Those who invested earlier in bitcoin are the whales in the market, so it is advantage to start earlier if you confirm the project will not scam you.

Those who are at the beginning even get a lot of benefits when buying Bitcoin. The price of bitcoin when it first appeared was still under $ 1 and of course it was very cheap and how much could you get when you held it at the beginning until now. Whales didn't waste the opportunity to start. Even though at this time whoever entered early would benefit, even if it was a scam project and they were selling at the peak. Latecomers just find the rest and the hype fades. But when it comes to bitcoin, of course Bitcoin is different and those who enter now will also benefit.

HONDACD125

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

This is because you are new to the crypto market so you may have an idea of getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of when and how you should proceed.

Trading or investing in the cryptocurrency market is not as easy as people think. It is a risky market and there is a high possibility of losing your capital easily. Newbies need to learn before trading or investing on this platform. Now on the internet you will find various platforms where newbies can easily gain knowledge and experience about the crypto market. Investing is not difficult once you have complete knowledge about the market. Trading is more difficult than investing and requires a lot of experience. Trading requires learning chart readings, candlesticks, support and resistance and various indicators. While investing, you have to choose projects about which you have done thorough information and research. A good project can give us good profit.

yudi09

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

This is because you are new to the crypto market so you may have an idea of getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of when and how you should proceed.

Both have their differences and for me, beginners might be more suitable for investing early because over time it can be used to learn to trade and learn everything related to both.
Learning to do research on crypto can be found in many places, including here.

Don't want to care about what should be done before doing it, then the risk is losing money.

Beginners should do their research and anything else important here first, but I also think that the yardstick of one's knowledge of investing and trading is not account rank. For members who have just joined here, they may be professional traders and investors.

Z_MBFM

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

This is because you are new to the crypto market so you may have an idea of getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of when and how you should proceed.

Should a new trader come to this forum to learn about crypto trading? Crypto trading requires learning to analyze well and know how to analyze crypto charts but this forum is only used for discussion on various topics. so here no one is taught how to do market analysis. Yes those who are new to trading must trade carefully but its not mandatory to come to this forum

dzungmobile

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

First you must be disciplined that you should never invest or trade if it is not your own money. I meant if you borrow money to do either invest or trade, it is bad.
Second, the capital you use for invest or trade must be money you won't touch in future, like 1 or 2 years or even longer if you plan to do investment. Because if you only have such money for about 1 or 2 months, you will have to exit the market even when exit price is bad for you and bring you losses.
Lastly, be educated before you start investment or trading.

Sim_card

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early

Are you for real OP,investing in bitcoin early is the best because as a newbie if you understand how to buy and sell bitcoin on an exchange. You can invest and hodli for long as simple as that but it is when you think that it is a get rich quick project that you might be disappointed for not understanding how bitcoin works.

Quote

Do not trade to soon

I agree with you on this because trading is something different from hodli and needs one to learn and understand the fundamental and technical analysis so that he will be able to manage his risk in trading.

woez

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

This is because you are new to the crypto market so you may have an idea of getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of when and how you should proceed.

Right, this is a great post and we must convey. yes, the crypto market is very volatile, for those who don't understand the potential for loss profits very often occur, especially if the intention is to try their luck.

Yes OP, The biggest problem here is not capital, but emotional control in my opinion, especially if you see a big correction like today's, it could be a mental dowm, let alone entering the market with big money.

Agbe

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

This is because you are new to the crypto market so you may have an idea of getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of when and how you should proceed.

Even if the person didn't co.e here, he or she can learn from another good source and invest and trade. There are some friends are not here but they are very good with cryptocurrency business and if you have a such friend, you can learn from them and start your cryptocurrency journey from there. If a beginner knows the basic things in cryptocurrency the it is very good thing to invest in the early stage in the cryptocurrency world. Then later he can still learn the other things that need to be known in the cryptocurrency space. It only the trading aspect that I will not advise a new comer in the cryptocurrency space to do that. It is dangerous for newbies in the cryptocurrency space.

Pokapoka124

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Quote from: acroman08 on August 17, 2023, 01:38:26 PM

Quote from: cryptoaddictchie on August 17, 2023, 01:15:23 PM

Isnt it better to invest early? Most tokens or coins grows in the end. At least for the better projects. If you are gonna invest a bit later you cant maximize the potential profits youll get when that token price soars very high. Not all projects can bloom like bitcoin ethereum and other tokens but we all knew that investing early could be a game changer when the project explode.

I think what OP is trying to say when he said "Do not invest early", is to not invest when you barely know anything about cryptocurrency and only proceed when you have done your own research and know what you are doing. I mean, it would explain the second part of his post.

He should have added more context so we don’t misunderstand him, adding a few more lines to the OP would have cleared the air. IMO investing late has its own disadvantages because you may find yourself following the bandwagon and often times this is when the price is at a high point causing you to invest out of fear of missing out.

palle11

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

Many people still regret why they didn't invest in crypto earlier enough and you are advising against it? What do you want investors to do? What they need is proper research before going into the investment and not to rely on a mentor who is teaching and struggling with making profit off trade. Those who invested earlier in bitcoin are the whales in the market, so it is advantage to start earlier if you confirm the project will not scam you.

cryptoaddictchie

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Quote from: acroman08 on August 17, 2023, 01:38:26 PM

I think what OP is trying to say when he said "Do not invest early", is to not invest when you barely know anything about cryptocurrency and only proceed when you have done your own research and know what you are doing. I mean, it would explain the second part of his post.

Yes I get it. Even not a newbie wouldnt invest early when he doesnt have idea of the project, the team, concept and sense of legality. But if someone able yo review all details and its looks good. Dont invest late and just jump on the ship early since the road to gain is much sweetet when you have already invested so early.

BIT-BENDER

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First you can do more research about cryptocurrency on the internet make use of search but here you get to ask more questions and be more practical, I had gotten some information about Crypto-currency before coming to this forum but coming here has helped me to become better and be more practical.

Well I would rather say if you must invest soon then invest little, very little that it won't set you back if things goes wrong

Myleschetty

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

Agree with not trading too soon but don't agree with won't invest early because early investment in Bitcoin is the best way to make profit particularly now that we are in downtime Bitcoin market.

Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

This is because you are new to the crypto market so you may have an idea of getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of when and how you should proceed.

You have a point but that still don't stop the newbie from invest in Bitcoin before the halving effect start and later learn more about the market.

Pokapoka124

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early

Terrible advice, would you rather invest late? Those who buy a coin late usually end up getting rekt. It’s more profitable to invest early and hodl to see a bull run. We saw how successful early investors in bitcoin are, it can be said that investing early is the best strategy after doing your research on the project.

Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Do not trade to soon

This is because you are new to the crypto market so you may have an idea of getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of when and how you should proceed.

Agreed. It’s not advisable for newbies to venture into day trading without having sufficient knowledge of the fundamentals of trading. Crypto trading is so complex that watching YouTube videos and reading books online do not do enough justice to the subject. I always recommend the easy and safe strategy, which is buy and hodl bitcoin until the market rises above your buying price.

Stepstowealth

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early

hmmm, some of us are already late to investing in bitcoins, why do you still advice that they do not invest early. I understand the need to have knowledge before investing, but not investing early is dangerous because you can either loose the means to invest or loose the interest to involve.

Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Do not trade to soon

I agree with this one because trading is a very scary thing to consider especially when you know that you can loose the money you are trying to get. I do not even see it as necessary for every newbie to cryptocurrency to learn to trade, you can just do like some of us are doing which is to buy and just keep the bitcoins. Trading is not for the weak.

EL MOHA

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Exactly that’s what OP means and I go with the idea also, jumping into investing or trading will make one to make silly mistakes. I know that many experience investors usually say one should just invest in bitcoin and leave other cryptocurrencies because bitcoin doesn’t have risk of losing. But even with bitcoin one still needs to calm down and learn mostly on security of bitcoin like which wallet is reputable to be used, how to set up the wallet and how to safeguard your keys. All this need knowledge and not just to rush into them

Quote from: acroman08 on August 17, 2023, 01:38:26 PM

I think what OP is trying to say when he said "Do not invest early", is to not invest when you barely know anything about cryptocurrency and only proceed when you have done your own research and know what you are doing. I mean, it would explain the second part of his post.

acroman08

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Quote from: cryptoaddictchie on August 17, 2023, 01:15:23 PM

Isnt it better to invest early? Most tokens or coins grows in the end. At least for the better projects. If you are gonna invest a bit later you cant maximize the potential profits youll get when that token price soars very high. Not all projects can bloom like bitcoin ethereum and other tokens but we all knew that investing early could be a game changer when the project explode.

I think what OP is trying to say when he said "Do not invest early", is to not invest when you barely know anything about cryptocurrency and only proceed when you have done your own research and know what you are doing. I mean, it would explain the second part of his post.

Hyphen(-)

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Quote from: Jocuserious on August 17, 2023, 12:56:34 PM

Don't invest early
Do not trade to soon

This is because you are new to the crypto market so you may have an idea of getting rich quick but that is absolutely zero quota.
I would like to encourage people to come here and then research crypto. Then you can get an idea of when and how you should proceed.

Then what should a newbie do if not invest early in Bitcoin and learn more about it?

Trading is not actually advisable for newbies that are just new to cryptocurrency; instead, they should just invest and learn about Bitcoin and how it works before starting to think of trading.

Nevertheless, a newbie can also wait to have basic knowledge before investing in Bitcoin so that he or she can have basic knowledge on how to secure his or her wallets.

Topic: Suggest for newbies investors! - page 3. (Read 515 times)