Topic: Understanding cryptocurrency (Read 642 times)

Those who have entered trading and only gain huge losses, it only proves that they are not capable enough to trade and expect profits. Even if they trade using bitcoin, the fact that they don’t have potentials to trade and have no skills and working strategies that will help them to trade in such an unpredictable market, they will never end a trade successful and profitable. Bitcoin is just a tool, not a guarantee to gain success in trading.

That's true its not right to jump into anything without taking tike to get prior information on how it's done and trading as skill is not an easy one to learn and it requires some months of implication and practice before you can stadt trading wity real funds, moreover its not a very good idea to be taking trade signals without having to analyse then yourself cause it might also be wrong and its only a wise thing to look after your funds and make good decisions.

This situation is actually more like gambling. especially without even basic knowledge. then just rely on instinct and luck to win and get profits. This is more like gambling. However, trading is high risk, very high risk. So you can't just buy and then hope to sell at a higher price if you don't understand several things that must be considered.

Maybe someone could luckily get big profits in just such a way. However, what about the next results? Meanwhile, luck won't come against someone every time, right? That's why, in trading, before getting into it, make sure that we study first and understand the ins and outs and some knowledge about cryptocurrency and trading. At least, the better prepared we are, the better the expected results. Even though this won't guarantee that it will always work 100%, no, it can at least reduce the very high risk.

Not all starters are beginners, because beginners who lack consistency are prone to giving up and changing professions because they believe they are incapable. And some are concerned that they will lose their money because they are always hearing about the risks associated with cryptocurrency. As soon as they hear this, they lose interest because everyone is frightened of losing their money.  And the reason for all of this is that they lack understanding about it, and if they did, they would have no issue making a decision. Starting without knowing is the wrong way to start. There are some situations in which we are unsure how to proceed. That knowledge, or information, will assist us go around. One of the amusing aspects of bitcoin investing or trading is that there is no shortcut. Investing in Bitcoin as challenges so the investor have to be prepared in cash and also emotionally so that if thing did not go as planned they you know that it is expected. Before introducing any let tell they the process if they can handle it.

But everyone has their own way of starting in this crypto world, some are the first time he invests but fails, some start with failed trades and some start from many things related to crypto, as long as they are still willing to learn and understand how it works, even though in the first experience of failure it is not a problem, not everything starts with success just because we know in theory about how the crypto industry works.

Although beginners learn in advance it is indeed much better but when plunging the results still need to be questioned too, no one guarantees to have success the first time they touch it.

Trading is not easy and it is a complicated challenge that requires many things to succeed.

You will need to have knowledge of the market in general, trading in either fundamental to technical things, understanding of the psychology of market cycles, capital and risk management strategies then choose a proper one that fits with your own characteristics, and very lastly you need discipline to apply knowledge into your trading practice, to get profit.

Many things can cause losses for a trader especially in this volatile market. That man can make many bad mistakes from lack of knowledge about trading, the market cycle, risk capital management and poor discipline too.

Generally I agree to advice newbies that it's better if they don't trade but focus on investment, long term and invest with pocket money.

He should have let his friend know the reason why he had a bad experience in trading, don't you think? A person who gets into the market and starts making trades without gaining enough knowledge will surely have to face the consequences. You can't become an engineer without education and learning about the field, so how can you expect to become a trader without learning about trading and everything necessary for it?

People often don't understand this, they get into the market without knowledge and start trading without making any research or even knowing anything about the cryptocurrencies they are trading and then they complain that trading is bad, I know it has its risks but that doesn't mean it's bad, everything can be bad if not handled in the right way.

Today's beginners will one day be proficient crypto users. Those who are new to crypto should acquire sufficient knowledge first. Before taking any big step, one should think whether he has the knowledge of that subject. Because crypto constantly has to face various challenges. Without knowledge and skills it is natural to get lost here.

I think for beginners there needs to be guidance in terms of learning so that they understand cryptocurrency with a more optimal understanding so they will be able to understand more quickly, it is difficult for beginners to understand by studying on their own even though in this digital era it is very easy to find out information about crypto, as a beginner In Crypto, you have to ask a lot of people who are experienced in this field because it is much better to start investing in Bitcoin.

Trading is not for everyone Not everyone can profit from trading. It is true that to do anything one should acquire enough knowledge on that subject. If you go into trading without acquiring enough knowledge about trading then you will face loss instead of profit. If you can analyze the market properly and have enough knowledge about trading then you can profit by trading. But investing is better than trading. You learn about Bitcoin as a beginner and invest in Bitcoin. If someone invests in Bitcoin and holds it for a long time, he will surely make a profit.

Want your money to be safe, don't trade in crypto. Choose Bitcoin and invest in the long term.
Trading is not an easy activity because it requires more than enough knowledge, not just just knowing how.
A beginner will turn into a professional in trading if he is willing to study diligently.
With so many cryptocurrencies out there, it's natural for people to get confused. Just Bitcoin because there's only one coin so it's not confusing.

Understanding cryptocurrencies, Bitcoin is the answer because Bitcoin is an electronic currency that does not end in fraud. If you come across someone who explains how they had bad results and forbade us from entering, it's because they don't choose Bitcoin. People who choose Bitcoin will not be defeated or disappointed.

Investing and trading are two different thing, trading always take a short period of time compared to investment though some people invest for short term why some invest for long term they both have there advantage and disadvantage. However, I think one shouldn't advise someone not to trade because of one's experience cause what will favor you may not favor that person and what will favor that person may not favor you as well, that is why it's not good to tell someone not to trade perhaps you can just share your experience with the person and allow the person make a decision whether he will trade or not. there are also people with good experience on trading that's to say there are people who are eating well today out of trading, the fact that it has a higher risk doesn't mean it is not good cause the profit can be massive sometimes.

Absolutely, that's the truth. In every aspect there's biginners, both the political and the crypto, and not only them, but the cryptocurrency is even worse than the others. Because it normally happens for many newbies that they don't wait to have much knowledge about the cryptocurrencies before they can introduce themselves to the trading, once they just see some of their friends are in to it instead of them asking them and getting a little knowledge from some people's, they will be claim experts. Imagine you that start and have not gone far, don't want to share your memory with anyone, and are expected to become a successful person.

One thing about some friends is that once they see that you're into crypto, they say that you should introduce them, and even though you tell them that there's so many risks, they will doubt that you're trying to prevent them from crypto trading.

Actually there's different between Crypto investment and trading, did you mean advising his friend not to go into trading? If yes" i think that's a good advice, because the risk that is involve in trading is very high to be compared with the risk in Crypto investment. secondly trading also requires more knowledge than Crypto investment, i think he did absolutely well by telling his friend about the bad experience he had in trading and also advising him not to go into trading because he wouldn't want his friend to Also have the bad experience he had.

It's true, this idea has made most people fail or lose a lot of money, most people believe as soon as they are into trading, they are made rich ASAP and with the help of signal, they can achieve their dream of success.

They forget that having the knowledge and the understanding of crypto is the utmost importance before investing or trading in crypto.

And also it's not advisable to enter into crypto if we can be able or when we don't have the idea, we should always seek help or support from people who are well experience with it or we do research for ourselves for better understanding, knowing what it requires, that is how it works, the risks involved and the benefits from it as well.

You're absolutely right is just like this meme investment most investors don't always like  investing in memecoin due to the risk that is involved in meme investment, why most investors prefer to invest in memecoin. However i think is just a matter of choice those investors who choose not to invest in memecoin, i think they also have their reasons for saying that, probably they are not ready to face the risk. this is why they choose not to go into meme investment, why those who are also interested in meme I'm pretty sure that they're ready to face those risk. However i think Everyone is entitled to choose what is best for them we don't have to choose for anyone.

I do not understand what you mean when you say crypto market is for the main traders and investors. Definitely, everyone cannot trade and investing in cryptocurrency is for anyone who can take risks. To invest, you just need to be willing to take any risk that might arise from your investment decisions,  this way you prepare your mind for even the worst scenario. After this, a research can be made to get a choice or choices of coins to invest in. You  can acquire all the knowledge you think you need about cryptocurrency but if you are not willing to risk that money, then cryptocurrency investment is not for you and you do not need to force it because you might not succeed in it. Cryptocurrency investment is not complicated, just have the right altitude towards it.

People who jump into trading without even knowing its basics and whole thing about trading will end up being doomed in trading. Why? Because trading is always a game of mental and even emotional skills, not just an any easy game that you can take a risk and succeed. Of course, that won’t never be possible in trading, you need to learn and lose first before you see yourself succeed and making profits.

Trading with signals is certainly not reliable, and majority of traders keep losing due to following fake signals. That’s why don’t fall on following unreliable signals, but create your own signals in the market through in-depth research and careful market analysis, that way success might be near to realization.

The crypto market is for the main traders and investors, making crucial plans to grow their portfolio and also staying foot for the bull and bear season. The market is complex and it will take only those category of traders that knows how comprehend information to survive. The space is all about striving for enormous profits and growth, but there are lay down principles to abide by. Understand cryptocurrency is simple and plain for everyone of us. We take our time to ensure we're holding ground on solidable projects.

Learning has always been the best way to getting any knowledge about cryptocurrencies, generally about anything, learning is the first and best approach else you will not be able to maximize the potentials that are within that sphere or space of opportunity, for beginners in cryptocurrency, following signals alone will not really get to do much for such individual because they are not going to have a first hand information and knowledge about it and that will not help them learn and get better at it, they will be just making profits only when their mentor or the one they are following are making profits as well and in some cases they will be suffering some kind of losses that they will not understand.

Understanding the dynamics of cryptocurrency is one very important factor that beginners must understand for them to be able to trade and not just venture into trading just like that so they don't just loose their funds to the market without knowing how well to be able to probably utilize opportunities in the future to be able to make up for the loss they have made trading when they didn't know, but if they are able to trade by their selves and understand the market well enough then they are goin to do better trading than they, its always best to learn first before earning.

It's said that if you fail to plan then you plan to fail, it's that simple, so whatever anybody plans to achieve positive results, they need to first understand how it works, otherwise they have planned their failure.

Crypto trading is hard and risky, a newbie needs to learn about fundamentals and technical analysis before they can understand how trading works, even at that loses still occurs, so people should stop thinking that crypto trading is a get rich quick scheme. I've heard of people who will hear about a hyped project on social media, and without knowing how to carry out research or getting information from experienced crypto investors, they go ahead and invest in a scam project.

Understanding or investing in cryptocurrencies is not about investing based on someone's word. Why should you invest your money like someone else because he will not take responsibility for your money if you lose money. Before investing in crypto currency you need to research yourself whether you should invest in it or not. Before doing any trade or investment, one must proceed with analysis about the coin. In the beginning you can quickly invest in a coin such as Bitcoin. But when you go to trade here you need to practice a lot, analyze the market movement and give a lot of time to become proficient.

Trading is not supposed to be the first point of call for anyone going into cryptocurrency. It usually leaves the user with bad experience because the risk is very high. Unfortunately, a lot of us started with trading, hence the reason many have very terrible experiences of losses. Any newbie that started cryptocurrency from the premise of investment and long term hold is truly lucky because his pain will be less especially if the focus is bitcoin alone.

So I agree with you OP that understanding is highly needed for anyone trying to trade and get involved with cryptocurrency. Such knowledge is also needed for the investor to be able to protect his asset from theft and other ways assets can be lost. 

Is just like you started schooling for the first time and you wrote exam immediately, what do you know to write or how are you going to read without being taught. You need to read , make research and findings about cryptocurrency , what is it and how it works before going into it ,most especially the investment and trading aspect of it . In trading ,you need to know how much you can afford,and the risk involved ,how you can trade your cryptocurrency and it's fundamentals,the truth about cryptocurrency is that you need to read and be patience,so that you not be scammed.

This kind of influence should not exist in society so that most people do not immediately judge the crypto market badly unless their own knowledge of crypto is still quite poor. Such a beginner should be able to grow his self-confidence when he dares to try directly into the market with the end result being defeat. Because from this, he can actually learn more things and try to gain knowledge about where the mistakes he made himself are so that he can lose when he jumps directly into the market.

Of course trading requires a lot of acknowledge, and before you can acquire this knowledge is going to take a lot of time, that is why most people don't always look at trading considering the risk that is involved in trading, that is why I always advice people not to go into trading. Moreover trading is just like gambling you can't really predict what the outcome will be sometimes you can get profit if luck is on your side, sometimes you also experience lose that's just how trading works. However as a newbie is very good to understand how crypto investment works before looking out to invest you shouldn't be carried away by what people are saying out there always take your time to understand everything that has to do with crypto investment before making any move so as to avoid losing your money.

OP bitcoin signals ate just scans most especially those paid ones, this doesn’t mean you wouldn’t see a signal that actually yields profit, yes there is but when calculating this things and looking at the number of losses too following this signals you will be lucky to not have lose much but the case is overall the whole thing is a failure. Following signals is one mistake desperate newbies make, the signals to me is just an information that is given those without knowledge will probably enter at a time where they are not supposed to and exit when not to.

Anything that has to do with trading you will have to gain the knowledge properly yourself because the whole thing is just not about having Technical knowledge and drawing chats alone there are other things which are fundamentals in trading that you need to learn to take even signals, example is risk management

It’s just really funny some people will just jump into crypto without understanding what it’s really all about, definitely you are going to lose. Most people want to be making money, but they won’t want to learn. Crypto is not a easy thing which you think you can just start doing without have knowledge about it, don’t be deceived by what people tell you, things you see on social media about trading, or what crypto signal providers tell you, they will make you think that trading is so easy, but if we will be honest with each other, trading is just kind of difficult, and you need constant learning and practicing.

Of course, you are right, that is the most important thing a beginner must do before joining crypto, they must have the knowledge, the understanding, what it takes for someone to be a trader or an investor. So that when they are into crypto and find themselves in some situation, it won't be a new thing to them and they will know what to do anytime they want to fall a victim but for them to actualized this, they must have the knowledge of it, by asking questions, doing research etc, by so doing they can have the ideas of how it works and what it requires etc. that can really help them to understand crypto more.

This is why most beginners always looses a lot of their money most especially on crypto shitcoins, they fail to learn and understand the basics surrounding investing into Cryptocurrencies and some even get to go into trading currencies which they are not supposed to as beginners. Everything takes proper guide, from learning, practice and to perfection, even at perfection people still trade and loss compared to a beginner who decides to skip the learning process, he will take more loses than he should.

It's true, out of speculations that crypto currency is an lucrative industry beginner rushes to invest their funds on trading while ignoring to scope around in understanding what it requires to trade in the crypto markets.
As much as that, traders can't avoid it all lost free because even the experts do count losses but not as the unknowledge of beginners because they can always hold up to the emotions of their losts to rise again.

Of course. Previously, we weren't big and could run straight away and we experienced moments like babies and didn't have any at all.

There are all ongoing processes that make us trained and become the best in the market in trading. It's better if you start with small capital, don't gas it all up straight away.

Over time, you will definitely get good at it.

In the life cycle there is always a learning process that can increase knowledge from previously knowing nothing (beginner) to being skilled in various fields. It takes strong effort and going through a learning process that takes a lot of time to become proficient in the field that has been studied. People who start investing/trading in Crypto assets without being equipped with knowledge have made big mistakes and the risks they face are very large. If beginners are able to think more broadly by comparing their own failures with other people's successes, they will understand how important it is to fully understand ways of investing that can minimize risk.

There’s always losses prior to success, not only in trading alone but even in different endeavors. Most especially if you rush into trading without taking your time even learning the basics, you will end up with consistent losses at first so you will learn some lessons and improve your trading performance.

While trading can hit huge rewards if you are doing it correctly, but it will also make you lose your funds instantly in just a blink of an eye. This is why we should always trade with caution, most especially for those who are still starting to learn the process. Trading signals are not reliable, so learn not to depend on it.

Honestly is the best policy, this the only honest response I have seen here. Obviously op isn't making any much sense in his posts but we ignore that and head straight to making a response without trying to put the person in order but I see your have sane zeal with me I guess I will maintain my stand because I'm not allowed here.

Btw, to you OP you must have to take at least the advise above to increase your post quality.

For every beginner or newbie as you and I because I'm also a beginner but with a difference of forum rank but by knowledge a beginner it's most important to keep in touch with people who are grounded with the basic knowledge which is required for your success in any area one chose to go. Here in the crypto space one must at all times be willing to learn from every one and contribute their own part of experience in order to show learning.

Learning or acquisition of knowledge is the fundamental in the crypto space that one must acquire before venturing into investment of any kind or in the process of learning you can be investing or doing that which you profits from (trading).

understanding cryptocurrency is by learning what it is and how it works, not by following signals, because if all you do is follow signals then what you are doing is not understanding cryptocurrency, but you are just following someone's footsteps to be able to make a profit. therefore it is very risky for a beginner to follow signals when they do not understand what the crypto market is and the potential of the token they are following. it would be best for them to first learn about cryptocurrencies and try trading on their own to see whether they can understand the crypto market or not.

I way always keep say that most newbie into crypto and BTC never know the purpose that is why falling victim of scam where they me see BTC as not real is as result of not knowing the purpose of BTC or crypto currency because when a purpose of a thing is not known abuse is inevitable.

There is no need to rush into trading just because you hard there is money in trading or one can make it or change it financial life in crypto and you begin to think or engage without seeking knowledge first and conceive the mindset that BTC or crypto is quick to get Rich system people with such mindset can't be free of victim of scam and they are the regrettable people who later condemn BTC or crypto as scam because they don't seek attention to detail but jump into the system because what they conceive in heart.

This is good advice, thanks for posting that.

You always want to stress to people that

bitcoin =/= crypto and it never will.

bitcoin/crypto in a sentence is proper grammar in English at this point. Saying the crypto space instead of the bitcoin/crypto space is like disrespecting bitcoin itself.

There are many who come to invest with a good idea about crypto currency, many of them lose money by investing, why do they lose? I think a greed works in their mind, they start investing hoping to get more for less money. There are many people who have less capital and think that what will happen if they invest in Bitcoin with so little money, I can't wait for long, so they start investing in other risky coins. Investing in coins is not only about analyzing the coins but also being patient. There are still some coins in the market that can yield good profits if you wait patiently for a long time.

Is very good to have a little  knowledge about something before making any plans, I think the reason why most newbies experience lose in the market is because they failed to learn about how crypto investment works before looking out to make Investment. crypto investment isn't what you just jump into without having a little understanding about how it works, in crypto investment There are a lot of things you need to know this includes, knowing some  Investment strategies, and also understanding the market very well, and as well knowing the right wallet to store your assets and many more. However this are the few things we should know before looking out to invest.

The person in question fails to understand that you just don't jump into investment without having the ideas of how it works,the least he should have done was taken his time and read ,ask questions from who introduced him to trading Bitcoin,or at least ask for a manual he can try read for a better understanding,  some persons. Some fraudsters only make use of the name Bitcoin without know how it works or what it's all about to scam people and as long as it's Bitcoin, everyone wants to be involved to make their own money .
As a beginner, you need to read and have the knowledge of what you are about to put your money into, how it works, transaction process, how much can be invested without affecting your finance, the risk involved, the type of currency to be used , strategy to be used , in that way, you will be able to know if you are on the right track to invest in Bitcoin is genuine

What was he even expecting, going to trading without having any proper knowledge on how it works. Is like saying I don't want the money I again I want to throw it away. Because one going into trading without any proper knowledge, will only endup losing all his funds and all that. Because before one should think of going into trading, one should be well prepared, by gathering all the important knowledge concerning the aspect of trading.

The only that don't require more knowledge, like technical knowledge before going into it , is Bitcoin accumulating and holding. Because all one actually need In that aspect before starting , is just some basic knowledge, and how to keep their asset safe , and as time goes on one may choose to go deeper into Bitcoin. But still holding Bitcoin is away better than trading expecially as a newbie.

People calling Bitcoin or cryptocurrency a scam are those that didn't know what they were getting into before they joined and probably they invested in a scam project that exit scam on their investors and now they tag the whole industry as a scam because of this experience. People need to invest in Bitcoin to see how profiting the industry can be before trying other things. There are lots of distractions in the industry and alot of scam so don't think you'll make profits when you invest in something that they're are one thousand and one of them in the same market. Bitcoin is unique and different from the rest of the market but majority of the altcoins are alike and some are an exact replica of an old exiting project but just on a different Blockchain.

Don't blame the game when you don't know how to play it, investing isn't guess work despite some people thinking they can make profits from guessing what is going to be the next big altcoins. You're probably going to lose than win when you're just trying your luck, that's why investing in altcoins are strongly frown against but if you understand what you're doing is gambling then you can gamble in a disciplined manner and not put all your money and hope into a project then believe that one day you're going to wake up a millionaire. Understanding cryptocurrency is knowing that only Bitcoin that profitability can be guaranteed.

When a beginner trader experiences a financial loss in the crypto market, he will undoubtedly advise his acquaintances and peers and warn them based on his own experience. Of course, suppose they do not listen to his advice and enter the world of trading and investing in cryptocurrencies without sufficient expertise, understanding, learning, and strong knowledge. In that case, they will undoubtedly face the same fate as him.

Suppose they do not follow signals, cannot grasp the basics of trading, and cannot follow the necessary strategies for managing risks, stop-loss techniques, using analytical and technical analyses, controlling psychological errors, considering and managing risks, and many other aspects that must be accounted for. In that case, they will lose their capital, and they may exit this market quickly. So of course, understanding cryptocurrency, its risks, and self-education are among the most crucial preventive measures that are advancing in this field.

The man who complained that he had lost everything trading was actually supposed to lose his money. The biggest reason is that the person has not mastered the right knowledge about trading for himself. He used to trade just by following one person on social media, for whom he lost all his money trading. Trading is a very complex subject, you need to do a lot of analysis, know a lot and give enough time. If you don't learn by yourself and only follow from one place, you will lose money every time you trade.  It's not that you can't earn from trading but there is a lot of patience and you have to stay away from greed. If you can control greed and patience then you can earn good money from trading in time.

Listening to and reading theories about crypto and trading seems very easy when put into practice.
Trading without knowledge about it is a reckless act to do. In fact, I don't believe there are people who are willing to trade without having the knowledge. There is no such thing as try it first if the money used is real, not fake money like buying an item at a traditional market.

Signal groups are very much formed on social media platforms like Telegram. Be careful, most of them are not trustworthy.

Many beginners often make the same mistake, they rush into trading without knowing about trading, and only lose money. Actually trading is one thing where without complete knowledge it is not possible to earn money from it. We should know every aspect of trading very well then should make this money. Some newbies think they are experts by watching a few trading videos online and doing a little trading in a demo account and they rush into trading with money and end up losing all their money. This is normal, so first prepare yourself thoroughly, understand all the minor and all aspects of trading very carefully, and use money in trading only after understanding it thoroughly. Otherwise you will only lose.

Paper trading with demo accounts can certainly be good for some people but I don't think it works for most people to be honest. Because when you have nothing to lose neither to win you don't behave the same way as if your results can change your daily life. You will easily take risks that you wouldn't take if you were trading with your real money for example. And you won't take the same attention to your positions, while when you trade with your own funds you will think about it continuously and you could become slave to your own greed and your own fear.

This doesn't only apply to beginners although it applies mostly to them but then with experienced people in the crypto world they also need to further study and try to know as much as they can know because there are new innovation in the crypto world almost every new year and sometimes months and even in some cases within the week so they literally have to make sure to staying updated about new developments in the crypto world because there's evolution to better way of doing and transacting with crypto currencies.

Newbies sometimes make the mistake of trying to jump to earning from crypto just before they are able to know so much about crypto already meanwhile they fail to understand that the more knowledge they get the better they become at earning in crypto but then they sadly don't seem to understand this well enough because they just want to earn and its not even helping them well enough because they sometimes end p learning the hard way as they are going to loose their funds in trying to learn the wrong way that eventually cost them a whole lot.

However as Long as this life is concerned knowledge is required in all aspect of life, if you want to be a successful person you need to have knowledge so as to enable you execute your  plans. because in life before you could think of making any move first you need to plan very well so as to have your plans being executed. Moreover before looking out to invest in cryptocurrency first you have to understand it very well before making investment because if you don't understand the market very well there's no way you're going to make profit from crypto investment.

Knowledge is the first thing you need to grasp about the crypto space before you begin your trip. Without knowledge, you will never win in trading you will only have luck, but your losses will be much greater because you don't have a better comprehension of the trading you are attempting to perform.You are right. Trading is not for everyone because what favour you would not do for another person, but if you understand trading, you can run it and take your risk, if someone can't do trading, there are two reasons why trading is not for everyone, he is too impatient to risk his money on trading, and he lacks the necessary knowledge to risk his money on trading in order to profit.

People who rush to do future trading and lose fast are the people who just see it through social media and they will like to try and see if they will get money like them and they don't have enough knowledge on it and when they put their money on it and they lose all the money because they don't understand the market. Even if you are a newbie and you want to take risk because you are new to trading, you should trade with a small fund and see how he works before you start with huge money and take big risk and win or you lose but people that just jump in to trading without spending time to learn you won't be perfect and you will be losing funds mostly. because am very sure they will be some people that just know how to stake they won't understand the strategy they will just start there journey.

Op, knowing how to follow the signals does not mean that you have understood cryptocurrency. There is more to cryptocurrency than joining different signal groups and buying when you are prompted to and exiting when you are asked to.
Losing in cryptocurrency is something that can happen to anyone even if they have the understanding of cryptocurrency. Once there is volatility, some people will be winning the other side while some will be losing the other side. It's just to study the system and follow it and not to fight against it.

Practice makes perfect not applicable to crypto because alot of awful events have happen. Cryptocurrency is risky and here is my kind advise, don't indulge in crypto activities or projects you've slim knowledge about because handling huge loss will definitely ruled one out of the top ranking goals. Understanding crypto comes with a whole lot in the picture. It's smooth to gain crucial basis of the system and also have in mind, the estimated outcome to reach out to.

Understanding is the principal thing that one needs in cryptocurrency. Understanding cryptocurrency will help in making people to make a good decision and to do the right things but it is so unfortunate that most beginners don't even care to make sure they have Understanding of cryptocurrency. Going into cryptocurrency without having understanding can just be a wasted effort to everything.  Cryptocurrency is understanding and where it is not available it will be impossible to have successful investment from it .

Beginners always have a wrong mentality about cryptocurrency,  which they think it is very easy and it is just about having capital to start investing.  Understanding us the best thing to have for investment, when it is available eve with the least amount their will be a good results but when their is no understanding even with a big capital it can still end up bad.

One thing with beginners is that they are always eager to make quick money not only in crypto but on the Internet that is why they fall easily before they become wise though some of them quit angrily if they have lost a lot of money. Several times we have discussed in here that the first step for a beginner in cryptocurrency is not to trade yet but to learn and be conversant with how trading works but trading is not advisable for a newbie or a beginner, they can just make investments instead of trading. When i was a beginner I lost some money to trading because a friend of mine tried to convince me about trading but when I made attempts it wasn't that easy for me but when I started investing in Bitcoin my mind has always been at ease.
No one is happy after they most have encountered a loss while trading and those who trade gets emotional quickly, remove anything that makes you go emotional because it can destabilize your mental health.

That is what many beginners don't want to understand before going into crypto trading, because it requires knowledge before you will begin to achieve small income that will make you to feel that you are getting it right with your trading. Creat time to know when majority of traders use to purchase Bitcoin from the market, because there is a special season you will use to purchase Bitcoin from the market which is a bearish season and hold till the market price change to bullish season before you can trade to improve. It will be favourable, if beginners can learn how to exercise patience in their holding, because there are sometimes the market price will not be stable and all you need to do is to exercise patience for the market price to remain stable before you can trade your coins.

Trading is not a thing you can just wake up and jump into.
I have come across a simpler thread, and I will always advise you to get a better understanding of it.
I guess the guy isn't well educated about cryptocurrency, because if he has good knowledge about it, he will know that losses are also included, and he isn't wrong either about advice to his friends,  he's alone, watching out for his friends. 

It's important for you to know that in trading, there's always a loss, and it's inevitable, especially when you ignore the basics of it.

Analysis, good communication, basic knowledge of the wallet, and confidence—that's what you need for a beginner.
As a beginner, you also need a mentor, and as long as you have the ambition and patience, you can become a professional trader.

Yes the first thing is to understand the working dynamics of crypto currency and if we understand the basics we will not fall for these signals because I see how they aggressively do marketing for premium channels and signals to deceive people. I would say a lot of trading practices with a demo account is the only way forward.

Before starting with actual money for investment, people must learn and are able to see differences between Bitcoin and cryptocurrencies (altcoins) and see which one has lowest risk and which ones have bigger risks.

Bitcoin should always be a first cryptocurrency for a newbie to spend money in. Altcoins are very risky and it's not recommendable to start investment directly with altcoins. It's more easily to lose money with investment in altcoins than with investment in Bitcoin.

Very true, it's very important to understand crypto before investing any money in it, without proper knowledge one will only lose money in crypto. There have been so many scam projects in crypto world and we can't stop those but when you do your own research and understand crypto then you can earn some good profits with it.

Trading isn't for anyone, those who trade crypto without understanding trading in first place often lose everything. Most newbies go for futures trading with 10x to 20x leverage to earn fast profits, and instead of earning profits they end up losing their capital, that's why anyone who isn't knowledgeable about trading should stay away from it.

That's what ruins people's views about crypto, it doesn't have a big impact on the market directly, but if many people do this and then expose it to the mass media it will certainly be a problem because it can make other people think crypto is just a kind of gambling, not an investment instrument.

if there is someone like that, give him access to learn more about crypto and learn more deeply. if necessary, invite him to enter this forum and learn together. when he really learns crypto it will definitely open up his narrow mind due to his losses in crypto trading.

The problem with the signals given by those who understand trading better is also not necessarily true. each person can have his own price speculation depending on how much he has studied everything. but it would be better to use personal speculation. Apart from being satisfied with the results, you will also not blame anyone.

If you are new to cryptocurrency it's important to learn how it works before investing or trading. Cryptocurrency can be risky and unpredictable, so it is compulsory to understand basics, risks and best practices before getting started. Story about the person who lost money in cryptocurrency trading and now warning others away is great example of why knowledge is power. Instead of blaming cryptocurrency people should take responsibility for their own lack of understanding and get guidance before making decisions. By doing so people can make good choices and avoid potential problems.

Though what you said is right, this topic has been discussed a thousand times or more in the forum. Those who understand everything from the beginning and have general knowledge would know what is right and what is wrong for them, and for those who don't, such advice or suggestions won't stop them from doing the wrong things that would make them suffer from losses.

Newbies, at least most of them, often get into this industry with the wrong mindset, they believe it's a space where earning money is extremely easy and one can earn a lot of money in no time from this industry, some even think that they can earn money without making any investments with cryptocurrencies because they have heard such things from here and there. These are the mindsets that make them make the wrong decisions.

Thanks for your information, countless time we keep telling newbies not to go into crypto investment without acquiring the knowledge but most of them neglected, just imagine after experiencing lose in the market he's now going around telling his friends not to go into crypto investment mean while he don't even understand the market very well before making investment, how did you expect profit to come when you don't even understand what you're doing maybe he just see people who benefited from crypto investment then he decided to give it a trial without even acquiring the knowledge.

Hmmm, considering your rank here, I will only say, try to contribute from your heart, not just because you want to create some topic to gain some attraction maybe (no offense) but this advise of your is so obvious although many newbies did make this mistakes no wonder how many times they are told. The point is, your way of explaining the context of the post is not so good. I hope you won't mind be saying this

It's because you could have used real life examples like some x trader started his journey and according to him at the start he made lose due to lesser knowledge. I Know you used this example but that's no proof who are you talking of, you should have give some kind of reference. I hope you got my point, next time try to add a little bit of efforts in the post thanks.

The problem with most beginners is that they were introduced to cryptocurrencies as a get-rich-quick project. They usually get their information from social media where these influencers try to cajole them to invest in a shitcoin. In some cases, these influencers pose with flashy cars and big houses claiming that they got all of them from investing in the crypto project. Out of greed, these people will put in their money only to lose it. Currently, there has been an increase in adverts in the crypto industry promising to make people rich from the bull run. The first thing I think newbies should fight is greed and the next phase is to do proper research before investing in any project.

Obviously, from the story that you gave, the guy is at fault because if he is going into trading and he wants to profit more in the future, then why will he have trust in signals? Every experienced trader knows that signals are just a scheme for lazy traders who are not ready to learn because anyone who will give a signal should go through an assessment first before giving it to you. And if he makes a mistake, then that will be applicable to all those to whom he gave signals, which means a loss for him is applicable to all of you that share the same signals together. 

So with proper knowledge, you will not be a victim of such an incident. That is why it is good to live even though you have been taught things. You should go and do other research in order to have diverse knowledge on it. That is why knowledge is never enough, but him telling his friend not to join it was not the right decision to make. He should have left them to go and have their own knowledge and see if they will succeed or not.

This is one mistake that we beginners always fall victim to. Proper knowledge and understanding is needed before going into anything, talk more of trading crypto currency. Being in a rush to trade just because you hear others making profit or because you were talked into it do not always end well. There is a saying "look before you leap", clearly the guy who lost in the trade is a beginner and he does not have full knowledge on what it is or how it works, leading to him losing his finances.
His advice to his friend is not a bad one because no good friend will see a house burning and then advice his friend to go inside, his advice was to save his friend from losing his money as well because he now have a wrong view of crypto currency due to the way he went into it.
This can also serve as a lesson to we beginners, let us all learn from this experience. let us all have a better knowledge about crypto currency before trading or investing in it.

Understanding that is a real certainty for anyone, not just beginners, anyone who wants to be active in the crypto world must understand everything, Whether it's volume, market, type of crypto you want to invest or trade, only experienced people need to do this.

For this reason, to understand all this, especially beginners, of course you need guidance from experts, don't rely on understanding from books or the internet, because crypto can change in an instant, for this reason guidance is needed, In many cases, last year's crypto was ranked 10th, but this year it could drop to 100th, this is a sign that we need to understand the development of crypto carefully and need those who guide it in a better direction.

Don't be embarrassed to ask questions in crypto trading, don't pretend to be good at trading without being an expert, you need detailed guidance to make good results.

This is a good story that will definitely be of help to some people but I wouldn’t blame you, as a newbie there is no better way you could’ve passed this and it’s probably because you yourself didn’t go through with your teachings. If you have taken proper time to study and learned how to compose and make posts we could’ve perceived the post in a better way and also the negative feedback on your profile didn’t say nice things about you and that you broke the forum rules probably because you prioritize learning before posting.

It is just as you said Op, no matter what you are doing or where you are it is better to first learn about it before getting into it fully. Cryptocurrency trading is a very difficult thing to engage in and without learning about it the possibilities if losing your money is very high and even when you have enough knowledge about it making profits is not guaranteed so one needs to be careful while trading cryptocurrency.

Losing is not always as a result of not following signals because signals can be wrong too and I wouldn’t advise a trader to rely solely on signals given by other traders instead they should learn and trade on their own believing their own signals and strategies. 

We cannot predict people because everyone of us is having a different mentality on the way we approach dealing with things, also this applies in the same hurdles of life, you will discover that the same road some trod upon will be the same others will have accident upon, many things could have been the reason for that, but we must always make sure that we don't by ourself constitute to the level of gravity on the calamity ahead of us, we could prevent them from happening if we had seen them coming than when we are not aware at all about their existence.

In trading, you need to experience losing before you gain and win a trade. It's not as fancy as people hear about from the stories of success in trading. Do not assume that just it had worked for them, it will work to you asap. It doesn't have to be like that because it takes time for one to learn trading. And if you're that type of following signals and completely reliant on it, you're trading the wrong way. Many of these signals have been proven and made to just take and milk your money.

Literally, everything seems to have a beginning, even an end. Programming itself has an introduction, which is literally for beginners who have picked up interest over time. Cryptocurrency also requires one to understand its fundamentals before associating their finances in the form of investment.

A person who has had a bad experience might not have gained the necessary knowledge that would have helped him/her in trading, though we know how complex trading can be, especially for those with zero knowledge. And again, those who discourage others from cryptocurrency are literally bad figures that cause limitation to a certain cryptocurrency adoption. Due to their negligence, they also want to tie others down with the wrong perspective.

That guy in question started with crypto in the wrong way. How can someone without any knowledge on cryptocurrency dive into trading immediately, it shows that he was decieved by those influencers on social media who lie to people how much they have made from people and flaunt their wealth on social media to lure people into subscribing for signals and the rest. You should not see bitcoin as a get rich quick scheme by trading, because you will run at big loss and start saying that bitcoin is a scam. Whereas, you were the one that wanted fast money and got scammed. The best way to invest in bitcoin is to see it as a long-term investment and hodli for long to avoid loss.

Telling his friends no to invest in the crypto after his experience isn't a bad advice if I may say, he doesn't just want his friends to fall victim as he has already had the experience.
Clearly speaking he's not knowledgeable about cryptocurrencies to understand how it works and choosing what best cryptocurrency for his quest via research and consultations.
It could also be that he was mislead probably by an inexperienced Investor or he was being influenced by the hype of those Memcoins which can be shitcoins or he felt to the pool of a scamming platform.

Indeed knowing much about how what you desires for works is very important and primarily considered to be a certification that can lead your way before you ventures in invest your funds.
We can actually learn by our mistakes but doesn't mean we should be relent from making things right just because we feel it's right to make mistakes with the option to start up again.
So I'm expecting this guy to go over on research to figure where his mistake came from and how he can fix it up. Thereby he'd definitely find it out that he thought it was just all about investing funds without the techniques of chosing wisely reputable and reliable coin such as bitcoin to invest on.
. there'd as well be other varieties by which he may have lost his funds possibly on the wallet by which he store his assets which can be carelessness to keep his seed phrase secured or stored in a fragile wallet which can be maliciously penetrated by hackers.
Op, you didn't State how he lost the fund so that such issue can specifically be addressed but I just hope he learns from his lessions and find crypto currency worth investing on and so him and his friends can as much come in to testify the goodness of crypto currencies.

Signals are scams. You pay for it and get used as props still to pump and dump random coins. It is a good thing that person lost early and got out quick. They obviously have a get rich quick mindset and were always going to part with their money.

edit; after going through your post history, you should visit threads after making them and join the conversations and do more reading than creating low quality threads.

- Jay -

Most times, in the crypto space alot of beginners rush into trading without fully understanding anything about how to go about it. I won't be surprised that this person telling his friends not to go into crypto just heard about it and decided to rush his luck of which failed. Though trading is risky and takes a lot of practices, there are still experts out there who understands how to go around the market. They make loses alot, but this isn't a reason for them to start pointing fingers for their failures.

If one isn't ready for anything he shouldn't rush because he hears that others are making good profits from it. Everyone has separate luck on different things. I have so many friends who are into different kinds of trading but I just decided to learn few ones im familiar with. Don't try to be like others, be yourself

In everything there is always a beginner, in political way there are beginner even in the crypto world 🌍 we still have a beginner, so as a beginners in crypto you should know how it works first before you get into it, there was a guy complaining that he lost in trading crypto, and he is telling some of he's friend not to go into crypto just because he lost and he didn't follow the signal, I just want to say that you need to understand how it works first before you start, thank you.