Topic: This is for Newbie's to cryptocurrency and Bitcointalk (Read 742 times)

You know is very easy to say this, but is very hard to let go off this things you just mentioned earlier, your advice is actually a very nice one I most say. wish everyone could listen to your advice, Of course those Money that people have been losing in gamble had it been they invested it in bitcoin I'm pretty sure that most of them would've been a millionaire by now but instead they chose gambling over bitcoin investment just to get quick profit, for them they think they're doing the right thing. However, I think the actual reason why most people don't like investing in bitcoin is because is not something that can profit one within a short period of time, rather you will still hold on to it for long term and not everyone that can be patient enough to hold on to it in the long run.

I think we are making things looks very difficult If you asked me, why because I so much respect everyone choices of interest especially that of newbies who always claims to know what they are doing or even feeling they knows everything about the forum. At first, this forum doesn't moderate ponzi scheme neither does it moderate scam. So anyone involving themselves here should be fully aware of their activities that whatever they are doing they solely on their own.

Hence, should avoid some tempting discussion, or even trying to gamble with shitcoin called altcoin because I can only see them falling prey for shitcoin and not bitcoin, or even someone trying to lure them into a site that would give them double of what they have added to the site before you would see them falling so flat for such scheme. But, however it shouldn't be at this bullish moment because the market is yet to start up.

We are already in 2025 and thanks to those who made it here, let just have patients and watch out how the market would sail on.

These meme coins are really something else, I must say. I have encountered some of them that I entered through Dexscreener, and more than half of the money I entered the market with was lost to those rug pull meme coins. If not that, I was lucky enough with one of those coins; I could have lost everything up to 100%. Those Solana memecoins can drain your assets down to minus zero in a few seconds.

sure.. majority of the newbies in this forum thinks that bitcoin is a get rich quick scheme, when they come they first buy some portion of it and hope to become rich but since bitcoin growth is always a gradual one, this makes them to chase after quick profit and it Leads to gambling of some shitcoin that would have been used to invest in bitcoin, but it result to total lost. so many newbies have loss some couples of amount in some meme coin and or shitcoin due to misinformation. i will also advise the newbies to be patient with bitcoin if they invest in bitcoin, as nothing good comes so easy including bitcoin investment. newbies can invest as little as they can and hope for a greater tomorrow because to make a reasonable amount in bitcoin requires long term investment.

You know that newbies will always like to try their luck on those memecoins to know if what they are displaying to investors are real or not which it has caused so many newbies losses, because they didn't tested the memecoins with small amount of fund which is not encouraging.  When I was a newbie, I refused to avoid memecoins from the market, because I came to discover that there are quick income in some potential memecoins, but the risk was very high and I embark on the risk to invest huge amount of funds on those memecoins hoping that the price will start increasing but the price was decreasing until the memecoins disappeared from the market. Not only Solana memecoins can scam newbies which you can do your own research very well to know that there are many scams memecoins, because i have encountered with so many memecoins that turned to fake in the future.

Moving out of a comfort zone is different than taking too high risk or ignore all risks and don't have any kind of preventive plans for your capital and personal finance. There is vital reserve just in case things go wrong, you will still have your reserve to survive through perhaps hardest time in your life.

Newbies are attracted by volatility of Bitcoin and cryptocurrency market, and they think it's easy to get profit with very high ROIs and within short term. This way they ignore a lot of risk and maybe they forget to have reserves for themselves.

It's unpredictable with the market, so opportunities today can change to danger tomorrow or next few months. Black swan events can appear anytime and all these risks force us having reserves for unwanted scenarios.

"Don't put all your eggs in one basket", this saying is always true and in a volatile market, it is vital rule for newbies and experienced people too.

What's important is they learn from the mistake they commit since this is helpful for them to do more better things in future. Also if they didn't take a risk they would never know if this is good for them or not.

That's why I'm always fine taking a risk and want to get out of my comfort zone so that I could try many things that possible give me benefits in future. Since if we are just going to afraid to take risky steps ahead for sure we would never proceed to more better future or missed good opportunities that can change our life on better phase.

So better take a risk while its early since there are so many opportunities out there, but people should not forget to be more careful on their decision and don't get hyped to much on the projects they see online.

Life itself is all about risk. Even our going out and coming in on daily basis is a risk. Failure to risk is failure to make profit. The only advise here for newbie is to learn how to manage their risk by investing only the money they can avoid to lose.

The cryptocurrency space is very large, with different aspects, that any newbie that is introduced to it must learn every aspect of what he wants to do in this space. before putting their money there, although some newbies are too lazy to learn, and they need quick money, which is why they fall victim to being scammed or losing their invested money, they don’t learn and know the risks and everything that they are supposed to know before investing in bitcoin.

Some of them are introduced to the crypto space to invest in bitcoin, while some are here to trade and do other things that will earn them some money, but unfortunately many of them are not ready to learn, while some are not ready to invest for the long time that is really important in the market. 

The first thing to deal with as an adult who wants to build a financial future is greed because in most cases, greed leads people into a situation where the little that they hard will be lost chasing the bigger one, most scams that happens is all influenced through greed in both parties, and so we have to do everything possible to destroy greed from our space at all time, cryptocurrency has a lot of risks on it own, both trading, investing and even holding for long term all comes with risks, but even though greed still add up to the risk aside the natural risks that come with cryptocurrency investment.


Most of those that have lost big in crypto are all the greedy forks, those that want to get rich quickly overnight without any labor, this is the set of people that are the target of scammers.

Some newbies still don’t really understand, though. Gambling with money means investing in where you already know that risk is very high and getting back your money is going to be something difficult and has a high risk of losing your money, but choose to invest in there that is gambling. Obviously, I’m saying this because some newcomers still don’t really understand what you meant by gambling with their funds.


These two things you mentioned are not only applicable to newbies, mate. Even the professional investors often do this; you know, when it comes to money, everybody is looking at how much he will get in return, so only a few really understand and think far to what it will look like in the future. Many don’t do that; they don’t care about the risk. They just want to make the money and always result in regrets. 

I fully agree with you, meme coins are actually coins for the gamblers and not for traders. The ones who take risks should consider meme coins but trust me if someone knows meme coin trading than in that area one can make huge fortune within days. A few days ago I watched a wallet and I have been following that wallets since a month and a few days ago that coin literally turned $2k into $480k and I was shocked to see that happening. Of course I didn't copy traded that wallet but that wallet truly made insane profits from just one coin. Although, something like that is possible with only meme coins but it's quite risky as there are many rug pulls at memeosphere.

This is great advice for beginners and likely some users looking to earn fast profits and free money. Bitcoin investing is not the same as trading, because I have seen many individuals risk their money on rubbish coins while claiming to be investments. Many people need to understand that investments are those who build up assets as Bitcoin to hold for the future, compared to those who trade in order to make quick money on a single night. Holders do not appear to be as unhappy as traders who could lose money if the market changes.

Furthermore, if they ever believe that a quick money scheme is the only method to make the simplest money, newbies risk losing some amount of money that they might utilize to slowly begin building up their Bitcoin accumulation. Newbies shouldn't invest in any meme coins if they lack the money to build up using the DCA method, they can start purchasing Bitcoin with whatever amount they can afford, if they aren't selling when they do not have cash.

Memecions are a go area for me even though I am not a newbie, I had a very bad experience with memecion sometime ago when I got Carried away with their hypes, the fact is that memetics is not to be considered as an investment and if you must hold them, then it should just be for short term and also have it at the back of your mind that you are just gambling with your money and you can lose it at any time.


Memecions should not be viewed differently from gambling which results are unpredictable, so you should not put hopes on them and regardless of how much promises have been made about them, it's all hypes and nothing more.

I think this have always been the challenge of some people who have been into crypto not just only the newbies. Seeing bitcoin as quick money scheme is a wrong mindset that had always make people to lose money because with this mindset one can invest all they have thinking good amount of money can be generated  so quick .

Some people go into investment without trying to make research if the investment is worth investing, this is mistakes that investors normally make not just only newbies.

I would suggest newbies to avoid all meme coins that are based on Solana because those are also quite risky bets and the ones who aren't aware about the risks will lose a lot of money trading those meme coins. I personally noticed that most of those Solana based meme coins are scams, and the ones who are not lucky will lose money in those coins.

You are very correct as greed has been one of the major issues people fail to address in their activities and engagements.  Quick money schemes have majorly been the cause of many people's financial loss, and they do this ignorantly without a sense of research and curiosity to know about what they are going into. Many people fall into the hands of money-doubling schemes thinking they could get rich quickly from it. Although the smart ones do it once and leave while the greedy ones still want to continue with it and are so blind, they forget that the process is never a transparent one to guarantee their constant financial flow but in the end, they lose everything just the way they got it.

Nevertheless, high-risk investments are what one needs to take caution before going into it or taking any step of investing their funds. It is indeed risky not to take risks but one would need to weigh the risk they are about to take and the outcome of the risk they are going into first before making such a move. There have been lots of testimonies about risk-takers and the nature of the risk they took, one should not confuse themselves with the kind of risk involved in their case but to be able to look into the nature and degree of risk that involves their own case before they dare such as risk varies in different cases and it is wise to not risk everything at the same time with the mentality that risk takers makes it big out there.

It's not denying that bitcoin and the rest of crypto coins are high-risk investments that's why we have to invest with caution. Don't fall for get-rich-quick schemes as there's no instant money with crypto. But learn how to become more patient and understanding with your investment, and not that once losses are incurred, you immediately rush into gambling where both winnings and losses are instant.

I tried doing research and what shows is the link in the post that you have quoted. It may also be the keyword that I used but what I used are the both words that you mentioned. I am also hearing about this yhe first time about investors using these two as what they use for classification of altcoins. I'd also curious where it would be and if it's widely use by many investors or not.

This is the first time I hear about this classification of altcoins (degenerators and oscillators); do you know where it comes from originally?

There is a non-written rule which says that a great percentage (80% or so) of one's portfolio should be in BTC, or in BTC plus some Ethereum, and only allocate 10-20% to other alts, depending on your risk aversion. As you said, pain can be unbearable otherwise...