Topic: THINGS TO REMEMBER BEFORE STARTING (Read 308 times)

When there is a bunch of people together, you cannot expect that everyone will be good minded people. In the bitcoin market there are a few people who take the advantage of new people coming here for the first time. So for the new investor, it is important to have some primary knowledge so that they cannot be harmed by the bad people. So the suggestions given here are really nice and should be followed. All the newbies should have some primary level of knowledge about bitcoin.

If someone wants to do btc business then they should have patient because in business patient is the main key so if someone who are armature they should have patient because it’s like share market where bitcoin price may fall and up so their mind set up should positive and good news is its always 1st position in the market and its has future value so before investing they should have that knowledge about bitcoin clearly and they should read the terms and policy and technical issues about bitcoin.

As newbies, we should understand that many of the early adopters on this forum didn't join because of bounties and many of them still have the passion for which they join the forum at heart, so it will be unfair to allow the purpose of the forum be defeated because of raking higher only just to participate in bounties.

So, we have to change our mindset on the merit system, from seeing it as a total barrier to seeing it as a challenge to improve ourselves, because when newbies develop deeper knowledge, skills and understanding of bitcoins and crypto; raking higher will be like child play; I believe if you look on the longterm and patiently do the hardwork first, the money will follow.

Ranking higher might not only be good for bounties, there were days when there were no bounties and a day might come when bounties will be no more, just like there was a time when there were no merits, a day might come when something else "maybe stricter" might replace the merits system, will we transfer our complaints to the new system then, or just learn to adapt?

But if you sit and relax and just blame this merit system in bitcoin then nothing will happen in your bitcoin journey. Just do our best because it will be rewarded when time comes

You just spoke my mind bro! I was going to post something like this. I truly appreciate what you said. There are some newbies who are continuosly trying to mislead bitcoin and making people confuse about the crypto world. Besides, I would like to add that, the investors should be aware of the risks about crypto currencies before investing in it. Otherwise, they'll face huge difficulties further.

Excellent sharing for the beginners. I am fully agreed with you. I want to add a few more. I think trading is a psychological issue which can be gain positively by lot of study. So I think there is no alternative to learn trading.

thanks for sharing co-newbie 

It's a quite enriched post. I,being a newbie, this post was very helpful.  I agree that we should not believe in every post we see.

Nice. Glad to see you're supporting your community.

such a badass post. you are right, we are not suppose to beileve what ever we read here man, we shoud research by ourself too. and having stable mind set is one of the most important factor which will help us to not panic.

This points are helpful for all investors. If people are learned this things before investment they might be benefited. If people have more query they can go bitcoin website everything is available there.      

Useful tips. As we all know, crypto is a part of blockchain which relies on the principle of decentralization there is not only the distribution of control and power but also the responsibilities. One should invest his time in learning about it before investing his money, this is a highly risky market in almost every aspect and one can lose his entire amount money if invested in the wrong option and on the other hand, there is a risk of hackers too and all these things make precautions necessary.

This is the thing that beginners should understand. Don't came here just for money because this forums offers a lot of opportunity that you can use outside this forum. FUD news can really gives negative impact to newbies so better not to react on every news easily. Focus on your goal and keep on learning things until you succeed here in cryptoworld.

relying on just the mass of voices to validate something by seing more than one person saying it DOES NOT WORK on social platforms.
EG just having blocks of data relayed by users is not validation. its just duplicate data store. look for real validation of source

thats why blochchains were invented. self validation. not just trust what you received is valid because more than one source says so.
blockchains would not work if it was just a database that everyone copies

there are many shills that all repeat the same script.


its best to look for the source. chck if it meets basic rules of validation.. if the source is a media report. look for the media reports source. and if a media cant cite its source. treat it with a pinch of salt.
in short do some validation and proof of work dont just read and relay data

if its a opiinion of a forum poster. look for stats/links/data to back up what they say. if all they can quote is reddit nonsense then treat it with a pinch of salt

ive seen people say don't invest more than you can afford to loose , if your investing in a coin and your concerned to the extent that you feel you will loose all your money don't invest in that coin in the first place , there are plenty of coins that give a stable enough return (even if these coins go down in value they will go back up in a short time). Another important issue is don't enter into this realm intending to get rich quick , take your time and learn and research and read a lot so you can improve your understanding of how the ecosystem works. if something sounds too good to be true then usually it is.

Crypto is not always going up. 😊

That is why they tend to lose first before the next investment or trade,but there is one way for that beginner should often read and analyze the market chart system every day before he firmly with his investments in the future.

As for #2, I think that the biggest reason why newbies are prone to losing their money is that they don't understand what they are investing in. They think nothing of handing their money to anonymous strangers on the internet simply because anonymous strangers on the internet told them to.

I actually agree with you on the first one. I dont know why some people post frauds to mislead newbies rather than help them starting up. As you can see, those concerned iinvestors correct those post on comment and  give some facts if possible. This would also the evidence that there are more people willing to help rather than to manipulate. Read not only the post but also the comments. Its hard from the start but you will learn after that.

all is wisely told as for the beginner) the good fellow that interests development and new trends for earnings

in the third point, many beginner traders or investors who do not have a stable thinking. most beginners are more likely to think of profit rather than a loss. then when the market becomes red, they will panic and do cut loss.

Your post is quite interesting and helpful.Yes you said it very well.Not all the post or comments here are real coz some of them will just mislead you.Its good to compare what you read from other post till you got the right information.Just keep analyzing things and observant for your safety and security.

Thanks for the wonderful post. I quite agree with you 100%. Emotions often times ruine the business.

i agree 100% with your first point. you won't believe how many how many people with no life are spamming FUD in this forum and spreading a lot of misinformation. and the worst part is that it doesn't stop in this forum. it extends to most social platforms like Reddit, Twitter and even Youtube.
it is very important to know the difference between good sources for information and news and bad ones that are doing it for trolling or making money.

Hi everyone. I know that im still a beginner in cryptoworld in terms of trading and everything about it. But i want to share some informations to my colleagues that are also new on this business. So heres some that i can advice to begin with your crypto career. Hope this would help.

1. First and foremost, do not believe right away on the topics you read on this forum, some news misleads newbies to manipulate them. This one is very important. Read different posts and articles and compare it. The most same answer is correct.

2. Be sure to invest on the amount you are willing to lose for. If you are a beginner , you are prone to lose, and if you lose from the start, you will also lose hope and interest on what you are investing for.

3. Have a stable mindset always. This can lead you to be more patient and have a good decision after. Mind over body. This should possess all of us, not only newbies.


These three are main information we should know. Hope it would help.

Edited. Additional info.

Also, do not be on this forum just for signature campaigns. Try trading also. I have a friend who  is also a newbie and so frustrated on not getting merits and not getting rank up. As we all know that higher ranks give higher profits on a campaign. Yes its hard to rank up in the new system and its almost impossible for us newbies but always remember that ranks doesnt define what knowledge you have now.