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...

Not just for investor but for all kind of things, to be precise in finance, its trading, gambling then investments any too much is risky and could end up in bad shape.

Quick money scheme should ve avoided, and high risk investment should considered with different matters. Most people considered bitcoin and crypto investments especially on meme tokens are considered as high risk investment.

Greed is the enemy of any investor, whether a beginner or an expert. Scammers await the most opportune times of the year when companies and platforms usually offer discounts and tempting offers to target beginners with investment opportunities that they will call "unmissable in 2025." through which they may achieve gains that they cannot imagine at normal times. They will also target them with phishing links for airdrops and fake giveaways for exchange platforms and popular companies, in addition to the memecoins that they will create specifically to coincide with the New Year, which will be unknown and new coins that they will try to promote widely to encourage these beginners to be early investors in them. Once this is done, they will disappear with their money, leaving worthless coins in the hands of their victims.

What the OP mentioned is valuable advice that must be taken seriously. At these times, one should not rush to make rash decisions, ignore all free money offers, and enjoy these celebrations and HODL Bitcoin safely.

• Because of greed, some people gather money and build their portfolio and have tj lose all during the Christmas season because they are promised unrealistic returns.
• Put one and receive two; sorry you have been scammed.
• If $10 gave me $20, it means $1000 will give me $2000. Sorry you are about to lose it.
• Someone is asking you to invest before today ends, if not the opportunity will slide. Please let the hasty opportunity slide.

Be cautious and stay safe.

Some people who are looking for a place to make quick profits on the short term will make the mistake of thinking that the crypto space is the place to make fast money. Little do they know that the crypto space is a hub for scammers and hackers, most of the crypto projects are scams but they'll be hyped like it's the investment that'll give returns on a very short term but it's to scam crypto ignorant people.

I've seen a lot of people that have lost their money investing in none reputable cryptocurrencies, some of these scams are promoted by top celebrities. I always tell newbies to concentrate on Bitcoin alone, after they've increased their knowledge about cryptocurrency, then they can consider altcoins. There are top altcoins that have built reputation but they have to DYOR and invest with the amount that they can afford to loose because most altcoins are gamble.

Lack of knowledge is one reason. We've been there and done that and we're aware that it's the reason why we've lost a lot of money when we're still new.

And the misleading information of many influencers about how they look easy in making money when they're already established and comparing themselves to the newbies.

Exactly. That's one of the general rule in life. While there are oligarchs that are greedy and makes a lot of money, there's still a return to them not financially but with their actual lives, if we believe in karma, that's what it explains it all.

Many doesn't listen to the experienced ones and that's why they have to go through the harder way. But if just do, many will have to go through the better shortcut if they listen.

There are few that listens and they're the fortunate ones who are moving on better than newbies that don't listen.

Proverbs prove that where there’s win they will be also a risks involved, but not all the newbie’s understand they think that since there seeing a lot of peoples are gaining much profit when ever they invest; they think everything about the cryptocurrency is very easy.

Particular newbie’s who are introduced to the cryptocurrencies system as newly some are refuse to and make their own research about the Bitcointalk and how the cryptocurrency operates, that’s most of them fall in victim lose when they come to investment or any other patent to a cryptocurrencies stuff.

Your first advice seems good to me but I am not comfortable with the second one. Quick money scheme sometimes comes in the form of Ponzi schemes where the organizers use other people's money to pay others. When they have collected a huge amount form people, the system will collapse and investors will lose money. Another kind of investment to avoid is the once that promises high returns within a short time. It is important to do your own research before investing in any project.

High-risk takers sometimes are lucky to make more profit. In business sometimes, the higher the risk the greater the profit. Bitcoin is a high risk investment, which is why many people avoid it. But those who are brave enough to take the risk are benefiting from it big time.     

If people (particularly newbies) listen to what is usually being discuss here, we would definitely have a minimal case of falling victim to cheap scams. Unfortunately, they turn deaf ears to all the warning and start running from one angle to another looking for help.

Greed is actually the genesis of most of the cases. They come here thinking that it's a shortcut to make easy money. If they now realised the reality, they'll now resort to looking for investment with high returns and eventually fall victim to scammers who are always on standby hunting for victims. If you can control your greed, you'll likely be saved from majority of the ongoing scams.

The more truth about this is that newbies come into this space mainly because of the inciting offers they hear they can get from bitcoin/crypto investment. And without further details about them, they jump into the game hoping to have a very big benefit in the end after their investment. When it sounds too easy to make it, it is now worth investing into and many loopholes may be in them. There is no free money or get rich quick scheme anywhere, when someone says that, it means they’re trying to indulge you into a risk that you may not be able to afford. Research and further asking about a project is necessary in order not to fall in a regretful state.

Non-crypto/Bitcoin and even related, this really applies in our lives. It's more likely a rule of money. Greed is always the reason why we fail or lose money. The best example is how Bitcoin came from its lowest to its peak price and still climbing, so if you are not being greedy along the road, for sure you are not losing money every dump happens.

Be greedy and get nothing in return at the end of the chase, the more they are running after winning or profits the more it's becoming a nightmare for them to get it, being a newbie, you know nothing and what should be running on your mind is not the money making grounds, but the knowledge which will be an opener to making money later in the future, but many of them wouldn't like the go through the process but wants the end result while they have done nothing to deserve it, we have a lot of work to do in mentoring for those who are new to bitcoin and bitcointalk, but anyone who is ready and willing to learn will definitely see the benefits therein, when they also know it, they can be able to impact on other newbies who may rely on them for knowledge source the way everyone of us might have started.

often newbies are exposed to quick money schemes because they have the wrong mindset on investing. they are too naive and innocent and think that they can earn thousands of dollars in a month just if they invest in a certain project. there have been many cases where newbies were scammed just because they were promised high returns. newbies should be able to see a token clearly without being affected by high returns. they should see how the token's use case, whitepaper, and how it performs in the market.

there are too many scam projects in the market with the promise of high returns, newbies should learn more and think smarter so that they can avoid scams.

Your advice, though in the early stages, is meaningful. The temptation to make quick profits in the crypto world often leads to the most harm. Crypto is not a scheme for getting rich quickly, where you can place your money in risky investments and expect to become wealthy overnight. Risky investments refer to things like shitcoins or short-term investments. These types of investments carry the highest risks, and shitcoin investment is almost akin to gambling.

As a beginner, you should never get involved with shitcoins. You may come across enticing advertisements about shitcoins on various social media platforms. If you’re planning to become rich quickly by investing in such risky ventures after seeing these fraudulent ads, I strongly advise you to be cautious. There’s another kind of fraudulent ad related to gambling. These ads promote schemes to get rich quickly, but I believe they are just traps to make people poor. As a newcomer, my special advice to you is to avoid these temptations and force yourself to think critically.

What risks are you talking about? The idea that before investing somewhere, you need to know the subject of investment has been discussed a thousand times on the forum. It will also not be risky if you correctly calculate all the funds that you invest and are sure that you can do without them for a long time. The one who purposefully studies all aspects of his future business and only then opens it succeeds. Taking risks, you are unlikely to make a profit, since it is comparable to gambling. Although I suspect that you want to succeed by playing, that's why you suggest risking everything.

Newbies can actually avoid being too greedy and even remove the thoughts of getting rich quickly from their minds, yet they may still get into trouble with their investment if they do not know all they need to know about that particular cryptocurrency they are investing in. I have read on blogs and on social media about how some persons have lost their savings both in crypto and in fiat to scammers.  All these was made very easy and Possible to scammers because these newbies were only interested in investing and didn't pay attention to many other Possible ways they can lose their investments.

Newbies should understand that it is not enough to invest in crypto and relax hoping for returns in the nearest future, they should follow up with updates, read and stay alert because they will need every information they get to help them make only the right decisions and stay out of trouble too.

I don't disagree with what you want people to avoid as to not get scammed. I appreciate your friendly reminder but in my opinion is that you should also add this one which is "DON'T BE GREEDY". The reason why I said that it should be included is that if people are getting greedy then the friendly reminder you listed won't help since the people who saw it are already driven by greed so it will be useless when it will happen to whoever is greedy to earn lots of money when it's a scam.

Greed is certainly not the only reason for failure on several occasions in investing, but there are many other reasons including the wrong mindset about how investing works. Insufficient knowledge and experience are also the reasons why they cannot generate returns commensurate with the risk, but on the other hand they want to get rich quickly. Some of them consider the high risk of investing, including investing in non-popular altcoins or altcoins that have low capitalization. Some of them succeed in this way, but many of them also lose.

Sometimes high risk investments actually turn out to be of huge positive effect infact in most cases, the higher the risk the bigger the returns however that's actually where to concept of taking smart and calculated risks come into play. There is a huge difference between risking big  and taking a calculated high risk investments.
Where the problem actually lies most of the time is that they are taking risks without calculating and end up putting their chances on hope which may not turn at positively especially since most times it's based on a 50 / 50 chance of win or loss.

In short: avoid being greedy.

That's the main reason why many newbies are falling for those traps. They think that they've found some good investments that will generate them money easy and hassle-free.

But that's not what they know that these traps are set for them to fall. If they bite one, that will continue to suck the hard earned money that they've saved forever.

Not just newbies but, the part that has to do with gambling is not necessary, let people make their choice concerning what they want. I understand that fact a lot of people will not be able to accumulate frequently due to gambling activity no doubt. There’s no free money when dealing with crypto not just crypto generally in terms of everything associated with money, if it were this easy everyone will enjoy crypto benefit without spending a dime. No one is above mistake and it’s a major fact, during this festive season I know a lot of crypto programs and activity will be taking place yet I prefer being careful.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.


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.

Every form of investment is risky; you just have to do your research and know how to reduce the risk while you chase profit. Bitcoin has been proven to be one of the safest when it comes to trusting your money with it for the long term, but there is nothing bad about someone also doing their research and diverting some of their funds into other digital assets that can yield them profit.
 
The rules are: don't be too greedy; invest what you can afford; don't expect a high ROI in a short period of time; if you want to harvest with a large profit, be ready to hold your coin for decades.

Newbies have to decide if they're going to be successful or become a failure that they won't take proper advantage of the opportunity that the industry has to become wealthy. Quick money scheme aren't the best way to make money and they come in various methods but they have the same promises of making you rich with in a short duration but that isn't what investing should be all about.

Quick money are attribute of gambling and you shouldn't be gambling when you say you want to become an investors. The scams and quick money scheme aren't hidden, they're right there if we choose to see them because people just decide not to act like they see them but they're everywhere. Stay away from them will do you more good because they don't have good ending but filled with bad ending. Take it easy and keep accumulating Bitcoin and you too will get your payday.

And when people say "gambling with your money" doesn't only mean casino and sports betting. When you're out there putting money into every shitcoin you come across hoping that it will give you 100x profit, that's gambling. When you're investing in memecoins and hoping that one will turn you into a millionaire, that's gambling. It's gambling because you just have a feeling it will pump and most times if you look at the indicators that make you believe it will pump you'll understand that it's just gambling in a different form.

People may argue that there are people who have made millions out of memes, but I can also argue that there are people who have millions out of casino gambling and sports betting.
You can go into memes if you want, as long as you treat it like what it actually is; gambling. Set ut a certain percentage of your income for it ad dot go above the percentage or else you might wreck yourself in the pursuit of happiness.

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.

This actually goes beyond newbies to be honest. Quick money and High-risk investments ought to be a red flag for everyone especially in the crypto space where falling for scams coin and token are really easy.
Many believe in luck and has gamble more than they can afford to lost, thereby ending in a terrible mess that may have cost them a lot to get out from.
High-risk investments and Quick money scheme are often interesting to many who are either greedy or newbie on that aspect and that's why we can see hear of people falling for ponzi scheme, cloud mining and every others. We should be wise, if it is too good to be true then it is a scam especially this Christmas period.

First of all, I like to welcome everyone and wish you a Merry Christmas 🎄.


Now back to the purpose of this thread, as a newbie to Bitcointalk and cryptocurrency, you have to build yourself in terms of abilities and resilience in every aspect of the way, the two enemies of your journey are the quest to get quick profits and free money and this pushes you into gambling with your money instead accumulating Bitcoin.


Avoid these two things and you will be fine


: Quick money scheme


: High-risk investments

Just a friendly head guys.