This is for Newbie's to cryptocurrency and Bitcointalk - page 3.

CryptopreneurBrainboss

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Quote from: GeorgeJohn on December 21, 2024, 05:06:34 PM

For you to be successful in life you need to take a risk neither the risk you want to take is a low one and the higher one so what you know is that in a risk taker is liable to become rich when it was not expected and the same thing is applicable for you not to be profited when it is not the time, so as a cryptocurrency investor you need to take the risk but I will not advise you or encourage you to take a risk of blind person,

I was about disagreeing with you until I saw the last part of your reply because not all risks are worth talking. There are risks that can be seen as uncalculated and those aren't the risks we should be taking.

Risk that are 50/50 are more like gambling than investing. There are risks that your chances of succeeding increase which are calculated risks and those are the ones we should be investing into.

The industry has lots of uncalculated risks and they usually ends up as scams and you can find them with projects riding the trends of the seasons. Investing in newer launched projects can be seen as a good decision until it doesn't favour you again.

Investing in quick money schemes in the industry can be seen as wise decisions until you become the exit liquidity, that's why you should stay away from them.

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Quote from: Fiasem20 on December 21, 2024, 11:31:31 AM

Newbies are more vulnerable than experienced crypto users that's why topics related to crypto scam is being repeated on Beginners&Help for newbies and veterans to be on the safer side.I think one of my cliches in the crypto space is Avoid projects that are too good to be true.Quick money schemes are just too good to be true so the best I can do is to avoid them.There's this article I came across on the internet that will educate newbies on crypto scam(The CryptoCurrency Scambook).When you're exposed to those scams you'll become less vulnerable on the crypto space.Everyone on the internet ought to be extremely cautious because scammers ain't joking with nobody, they're are inhumane,few days back I read an article on the internet,an Oklahoma woman with parkinson's disease was duped $20,000 in Bitcoin.
I don't think the quest for money would push an individual to go into gambling.Gambling is not a source of income,it more of entertainment and fun.So those that don't know the purpose of gambling will end up losing their money and become addicted to it.Bitcoin has grown past the stage where it should be considered as a high risk investment expect you're referring to shitcoins then I'll agree.

I couldn't agree more, I'm gonna make a conclusion for your statement and add my own opinion. To put it simply, do your own research before we decided to put our money on something, asking for a second or third opinion is totally okay, but the decision should come from our own as we cannot blame anyone if something bad happen to us. That's the very generic suggestion that we should give to newbies and for the specific details could follow @Fiasem20 explanations here. Always be cautions to anything and anyone. and can never be too cautious, be a skeptic one while maintaining an open-mind.

GeorgeJohn

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For you to be successful in life you need to take a risk neither the risk you want to take is a low one and the higher one so what you know is that in a risk taker is liable to become rich when it was not expected and the same thing is applicable for you not to be profited when it is not the time, so as a cryptocurrency investor you need to take the risk but I will not advise you or encourage you to take a risk of blind person, so whenever you are taking a list to make sure that you think of the advantages and the disadvantages of it so that when the disadvantages occur, you will not be depressed because of what experience that is why we need to be informed properly for who venture into anything you want to do

Fiasem20

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Newbies are more vulnerable than experienced crypto users that's why topics related to crypto scam is being repeated on Beginners&Help for newbies and veterans to be on the safer side.I think one of my cliches in the crypto space is Avoid projects that are too good to be true.Quick money schemes are just too good to be true so the best I can do is to avoid them.There's this article I came across on the internet that will educate newbies on crypto scam(The CryptoCurrency Scambook).When you're exposed to those scams you'll become less vulnerable on the crypto space.Everyone on the internet ought to be extremely cautious because scammers ain't joking with nobody, they're are inhumane,few days back I read an article on the internet,an Oklahoma woman with parkinson's disease was duped $20,000 in Bitcoin.
I don't think the quest for money would push an individual to go into gambling.Gambling is not a source of income,it more of entertainment and fun.So those that don't know the purpose of gambling will end up losing their money and become addicted to it.Bitcoin has grown past the stage where it should be considered as a high risk investment expect you're referring to shitcoins then I'll agree.

SquirrelJulietGarden

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Quote from: Ojima-ojo on December 21, 2024, 09:46:46 AM

Lastly, the amount in investment is also very right, but the question is, is it better to invest the amount you can afford to let go for a long period or to make sure you invest in assets on Bitcoin when the price is low?

Investment is long term and with investment, you afford to lose your money, and don't plan to use it for a long time. The first one is easy, but the second one needs very good financial and capital management. You only can meet the second condition if you don't use all money to invest and bet in Bitcoin, because with empty pocket after purchasing Bitcoin, your mentality will be very weak with market volatility. In addition with empty pocket, you will have big troubles in emergency like you have to borrow money or sell your bitcoin.

In emergency, you might have to sell your bitcoin at loss, that you don't want. Purchasing at low price or high price is not too important with long term investor, because price can fall down more after your entry.

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Quote from: Ojima-ojo on December 20, 2024, 03:41:13 PM

Avoid these two things and you will be fine

: High-risk investments

Just a friendly head guys.

Im fine with the quick money scheme to be peel off but high risk investment. Well for newbie its fine, but for those who are willing to risk and do some homework for the high risk type and potentially gain a huge profit then this is the major move. Well Im a risky guy when it comes to web3 earning. Sometimes, Id like to see it try and when it boom, and thats it gained so good profit. Newbies need to learn first and if they can handle all headache, emotions and even the hardest part maybe they could do those high risk investment.

Ojima-ojo

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Quote from: hugeblack on December 21, 2024, 03:54:12 AM

These are good tips to avoid old school scammers but scams have evolved so that following the old rules is no 100% guarantee that you won't get scammed. The best solution is to be skeptical, ask here if you're not convinced by the answer and try not to invest money that you need in the next 6 months.

The first and foremost characteristic to exhibit when being offered some good ideas and investment suggestions is always be skeptical because being skeptical and asking for clarity will expose a lot about the investment, whether or not it they legit or a scam.

Lastly, the amount in investment is also very right, but the question is, is it better to invest the amount you can afford to let go for a long period or to make sure you invest in assets on Bitcoin when the price is low?

From reality check, those who bought Bitcoin and held it in their wallet but bought those Bitcoin when the price was at an all-time high and the price crashed half the price will have more challenges even though they bought Bitcoin with the amount they can afford to let go for a while, compared to someone that have accurate calculations of the price before buying and buying at a low price even if he risks the money for an important thing in a short time frame.

SquirrelJulietGarden

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Quote from: hugeblack on December 21, 2024, 03:54:12 AM

These are good tips to avoid old school scammers but scams have evolved so that following the old rules is no 100% guarantee that you won't get scammed.

Scammers evolve their scam strategies and methods with time but I can see that fundamentals of their new scam methods are not different than previous methods. People if can learn from common scam methods, even old ones, can avoid many modern scams.

Quote from: lovesmayfamilis on December 21, 2024, 05:11:07 AM

Today, scammers use new technologies to paint a colorful picture of the future of their victims. People are provided with information that looks like a feasible and workable scheme, following the rules of which clients will supposedly receive a quick profit

They write very nice white papers, and decorate them with many potentiality of projects, promise bright future for investors and if investors believe in these promises, they will be scammed. If they were scammed in the past, now are scammed again, they have to sit down and think of themselves, like why they didn't change.

Quote from: Ruttoshi on December 21, 2024, 05:31:25 AM

As a newbie in the crypto space, it's better that you only invest in bitcoin and forget about any coin.

Bitcoin is best for investors, and with newbies Bitcoin is more like a golden chance for them to get profit without pain. If newbies ignore Bitcoin, but invest in altcoins, pains can be deadly, and won't be easy to overcome.

Two types of altcoins with Oscillators and Degenerators. If you invest in Degenerator altcoins, you are done because loss will be bigger with time.

These generators will have a similar chart.

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Quote from: Ruttoshi on December 21, 2024, 05:31:25 AM

As a newbie in the crypto space, it's better that you only invest in bitcoin and forget about any coin. You should also have a long term investment goal and don't use the money for important things to invest in bitcoin because it's not a get rich quick scheme, since bitcoin investment is for the future and not for the moment.

Trading is also risky, it will be better if you avoid it, because that's another way you can lose your coin if you don't have a good trading skill. Scam is everywhere and that of crypto is very easy, so be careful and keep your funds safe in a noncustodial wallet.

It depends on what kind of investor you are. If you are only focused long term and you want to bet for the ideal, then 100% Bitcoin can be good for you, but there may be more speculative and risk oriented investors for whom investing a percentage in altcoins (main alts or shitcoins, to everyone's taste) can be more entertaining.

Of course, investing all your money in get rich quick schemes is a bad idea, but allocating a little part in alts with great potential can be a good strategy in the short term if they pump.

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As a newbie in the crypto space, it's better that you only invest in bitcoin and forget about any coin. You should also have a long term investment goal and don't use the money for important things to invest in bitcoin because it's not a get rich quick scheme, since bitcoin investment is for the future and not for the moment.

Trading is also risky, it will be better if you avoid it, because that's another way you can lose your coin if you don't have a good trading skill. Scam is everywhere and that of crypto is very easy, so be careful and keep your funds safe in a noncustodial wallet.

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Quote from: hugeblack on December 21, 2024, 03:54:12 AM

These are good tips to avoid old school scammers but scams have evolved so that following the old rules is no 100% guarantee that you won't get scammed. The best solution is to be skeptical, ask here if you're not convinced by the answer and try not to invest money that you need in the next 6 months.

Today, scammers use new technologies to paint a colorful picture of the future of their victims. People are provided with information that looks like a feasible and workable scheme, following the rules of which clients will supposedly receive a quick profit. There are plenty of such ads on the Internet for every taste. Victims are tracked in social networks, studied their interests, etc., and then offered a “magic” plan for quick enrichment. But every impressionable person should take as a rule not to rush to spend money, but wait and think over all the information, checking several sources. Everything that seems very simple and beautiful to you will turn out to be a fraud. If you feel like you are being scammed, you are right.

Cityhunter34

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I think this advise is not only for newbie, I think is for the general community. Of course cryptocurrency required proper knowledge and patience and we should always remove the mindset of getting quick profit because as long as I know Bitcoin investment is not a get rich quick scheme it required time for you to get something out of it. However, in all Bitcoin investment is always the always best, because is more reliable than other investment just buy enough Bitcoin and hold for a long period of time.

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Quote from: Ojima-ojo on December 20, 2024, 03:41:13 PM

: Quick money scheme

: High-risk investments

As your advises is good for the crypto investment. Even I would like to mentioned on more think and that investment should be on that amount which can they afford to lose.

And also you have mentioned the name of bitcointalk forum as regarding the journey on bitcointalk forum I always say to the newbies stay claim and explore the forum like for the newbies I always suggest to read and obey the forum rules and special explore the Beginners & help and the Meta board. And I will say here don't be rush and like quick money scheme keep Patience and learn automatically you will be on the point where you should be.

hugeblack

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These are good tips to avoid old school scammers but scams have evolved so that following the old rules is no 100% guarantee that you won't get scammed. The best solution is to be skeptical, ask here if you're not convinced by the answer and try not to invest money that you need in the next 6 months.

Zanab247

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I don't think this advise is for only newbie op, because I have seen many old members taking a high risk that will make them to commit crime for people to condemn cryptocurrency, which is not the fault of cryptocurrency just that the user took a high risk on cryptocurrency investment. I know some newbies will ignore this your advise for now until they experience losses from the quick way they embark to make money before they will realize this advise you gave for newbies not to fall victim till they will retire from Bitcointalk or cryptocurrency investment .

When you invest what you can afford to lose in cryptocurrency, you will surely be fine through out your cryptocurrency investment because you will not have anything that will put you into depression, because you know that you can hodl the cryptocurrency for long years before you can decide to sell to earn profit in the future, secondly, when you avoid high risk in cryptocurrency investment, you will surely know how to apply patient in the industry to earn what other people are earning.

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Crypto is not a quick money scheme and a high risk investment so people must learn before they decide. They don't have to get tempt with many things they see in their social media because that will not always right. Investing in crypto needs time before you can make a profit so you need to have patience and you can choose Bitcoin as your investment.

That advice will not just for newbie but also for others who involve in crypto from some time. They can not always expecting to make a profit in shortly because we don't know when the price will increases.

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Quote from: Ojima-ojo on December 20, 2024, 03:41:13 PM

Avoid these two things and you will be fine

: Quick money scheme
: High-risk investments

Your advice is too simple but makes sense. There are many scam methods that are used and adjusted with time by scammers. People if have some basic but vital characteristics like disciplined, careful, greed-controllled, will be able to avoid most of scams.

The cryptocurrency scam book is written with 15 scam types and it can add something to your advice for newbies.
Newbies and all need to pay attention on their practice to have better securit for devices, wallets and funds.
Cryptocurrency security checklist.

Publictalk792

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These are some valuable insights which you shared with community especially with newbies like myself. You are absolutely right pursuit of quick profits and free money can lead to reckless decisions and gambling with our investments. It is essential to prioritize building our knowledge and resilience and long term strategies over get rich quick schemes. I appreciate your friendly heads up and I think newbies including me should definitely keep your advice in mind as I navigate world of cryptocurrency.

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This is the only problem that I think people cannot control greed, in the beginning, if a new investor invests in Bitcoin and sees or gains some benefits, that holder immediately sells Bitcoin. All these people spend the most time in regret at the last moment, because later they buy Altcoin hoping to get more and more profits, and immediately invest all the money with $1400 and now they are left with $630 and lose all the rest of the money.
This is my real experience, such an incident happened to my neighbor. And at the last moment I have solved it that if you want to survive by just holding, then only Bitcoin will survive. Bitcoin is the only last hope, the possibility of loss from here is very low, if you keep it for a long time, there will be more benefits but the possibility of loss is the least.

Obari

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Thanks for the advice to newbies as I think it’s already a very timely one.
Another way to put this talk is simply to say, avoid being so greedy
Over the time, I’ve got to notice that, one major thing the newbies both in the cryptocurrency industry and the bitcointalk community faces the most is greed as they all want to grab all the profits at once.

Personally, the forum and cryptocurrency at large has thought me one thing that, patience is virtue and as such, I rather do a proper calculation over a hasty decision to make abnormal profits all at once.

Quote from: Obim34 on December 20, 2024, 05:07:45 PM

Not just the newbies alone, it's a basic idea that every investor should have in mind.

Bitcoin is not a quick rich scheme, anyone who begins the journey needs to activate other sources of income and not depend on the profits to be generated from the investment.

No one should conclude Bitcoin as a high risk investment except when dealing with other cryptocurrencies in the market. Those who prefer trading should also consider risk tolerance when doing their activities unlike the holders who should worry less about those changes, the purpose there is to purchase and hold for the long run until when it is due for profits.

I agree with the fact that, not just the newbies but also everyone should be constantly reminded
But I think I have to correct your last paragraph and make it clear that cryptocurrency is a risky investment regardless of which ever coin you decide to hold that’s why, it is always advisable to use only the funds you can afford to lose.

Topic: This is for Newbie's to cryptocurrency and Bitcointalk - page 3. (Read 742 times)