Topic: Watch out for the following - page 2. (Read 1041 times)
That exactly what newbies are doing since they don't have enough knowledge how the crypto works/flows they often being lured to any projects with high risk high rewards scheme. Try to learn and educate yourself first, you will not get it in just a week or a month of just being in the forum or anything.
we should not trust the predictions of famous people, because the ups and downs of the crypto market are determined by investors who have a large capital, and most of these problems are deliberately made so they can buy them as much as possible when the crypto prices go down.
I agree with your 3rd opinion. If we do not understand trading and margin options, I believe we will lose and fail. My friends have made a lot of losses with margin so we should stay away from them if there is no experience with it
Newbies like myself be warned, don't make crypto decisions because of the following, they are very misleading and extremely danger to your money
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
Almost all projects that John McAfee hyped are down in value up to their death door already, I'm not saying it's John's fault but yeah he sure got his reputation ruined already, my advice for newbies is to have interest more in the use case of projects not those hyping the project 1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
Unfortunately, real crypto projects are not that loud and their updates come out once in a while, I mean its not that fun and profits are not as magical as they may look like
Thats true you dont need to trust anything including your investments or trading strategies rellying on others openions or other suggestions. You have to study at your own until the day that you finally learn all the basics lesson on how to earn and trade and you will got your diploma.
What you have listed is the very first common mistake by newbies. Cryptocurrencies are a very risky investment and every step or decision should be considered with deep knowledge before venture out.
Margin trading is not for everyone, not just newbies only even experts loss tons of money using margin trading, the first time I tried to go through what margin trading is on binance exchange I had no choice but to walk away, profits are more bigger and losses are more bigger too.
Marginal trading involves high risk. This includes losing a lot of fund even you know how technical analysis works. It will not be same with the case of normal spot trading. The ratio of liquidation and profit is adjusted to level of leverage you can spare. I could say this is not advisable but many have take advantage of this method as they know how the market move up and down.
Regarding projects of hype known people, there are some who loves to ride this and benefit but most of them are useless so I wont use my money for these risky projects.
Newbies like myself be warned, don't make crypto decisions because of the following, they are very misleading and extremely danger to your money
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
I'm only going to rule out your last point because that's the most dangerous move for everyone, margin trading always ends bad, many lose thousands of dollars in margin trading that I know of, but for hype and predictions some people makes lot of money out of these, can't say thy are lucky, I belief in strategy more than just lucks 1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
Newbies like myself be warned, don't make crypto decisions because of the following, they are very misleading and extremely danger to your money
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
There are just many things to learn as a newbie in any business. Knowledge is very important for a successful stay in anything. To base decision on hype or some predictions as a newbie may be disastrous. It's better to seek quality knowledge first and start very small to gather experience, and this forum is a very good place to gather knowledge from experienced forum members.
It's dangerous to make decisions because of what you've heard or because someone said a project is good enough, you have no clue so I expect you to find answers if the project is really worth investing on, silly mistakes that newbies still do till date is trying to invest on something they don't know anything about .
Newbies like myself be warned, don't make crypto decisions because of the following, they are very misleading and extremely danger to your money
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
This is correct and I agree with it. Also, most people who tend to follow this routes are those who had a different mindsets which could be as a result of what they heard and so on, thus when whey join the crypto space they will be easily moved by hype, what analysts says etc. In my own opinion, I think it is far better to first seek for the knowledge of the crypto space which of course covers a whole lot of questions thus knowing what is obtainable through this way making the right decisions. Lastly, I wouldn't say the first point is to be watched out more than others, NO, all have the same devastating effects thus should be avoided at all costs through doing the right thing.
Almost all projects that John McAfee hyped are down in value up to their death door already, I'm not saying it's John's fault but yeah he sure got his reputation ruined already, my advice for newbies is to have interest more in the use case of projects not those hyping the project
Yes, it's better to choose a project that has a real use case, rather than trusting the project recommended by John McAfee, because in general and in real terms, people's interest in a product is certainly due to the actual use of not just or limited prediction there is no real result. 1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Newbies shouldn't hastily enter such fields when not yet ready to take the high risk of losing.
1. Those crypto analysts predictors are mostly not accurate and just wanted to hooked up newbies. Most of them are paid crypto analysts.
2.Remember that hyped projects are also useless at the end. Using popular people to make the project be known will not be considered as a success projects. Look for it's objective and potentials.
3. Other field of trading like future trading and margin trading are one of the complicated and more risky type of trading that a newbie shall spend more time and shall gain more wisdom before deciding to try those.
Not all analysts is wrong and only want to manipulate the markets. Sometimes, their prediction is also become true. This problem should we look by case to case, if the analysts is only shilling his service / altcoin ( McAfee) then, you need to avoid his prediction.
Also you should think how realistic his preditction, if he said X coin will be worth $10000000000 in next 1 years, you need to avoid this preditction too... No need yo take futher research, only waste your times.
Also you should think how realistic his preditction, if he said X coin will be worth $10000000000 in next 1 years, you need to avoid this preditction too... No need yo take futher research, only waste your times.
Newbies like myself be warned, don't make crypto decisions because of the following, they are very misleading and extremely danger to your money
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
Are you sure that you're a newbie?or just pretending to be one to earn merits?because the way you deliver this thread it looks like you have big knowledge in this market ,How did you even use mcAfee as example when there are so many whales here/and popular people to consider that manipulates the market.
But yeah i totally agree on that Advises because the Newbies are very Vulnerable from being mislead and sometimes believing in small lies of those people.
Better ask first before investing ,Or read some guidelines here how to find scammers or fake projects.
And also be careful In Hype coins,because most of the time there are so many victims from this kind of approach.
Whether he is new here or not, at least the OP already realized several things here in crypto. Not many crypto users realized those things as early as they are in this industry, even long timers can make a mistake when it comes to investments. I hope more and more crypto users will be aware regarding those things to avoid further losses of their funds.
Newbies like myself be warned, don't make crypto decisions because of the following, they are very misleading and extremely danger to your money
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
Are you sure that you're a newbie?or just pretending to be one to earn merits?because the way you deliver this thread it looks like you have big knowledge in this market ,How did you even use mcAfee as example when there are so many whales here/and popular people to consider that manipulates the market.
But yeah i totally agree on that Advises because the Newbies are very Vulnerable from being mislead and sometimes believing in small lies of those people.
Better ask first before investing ,Or read some guidelines here how to find scammers or fake projects.
And also be careful In Hype coins,because most of the time there are so many victims from this kind of approach.
Newbies like myself be warned, don't make crypto decisions because of the following, they are very misleading and extremely danger to your money
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
LOL to all newbies I would suggest staying clear of the projects that McAfee endorses because so far I invested in 2-3 such crypto projects and the result was extremely bad lost almost 50% of the investment that I made lol.
Always DYOR.
To plunge into the crypto world surely we must learn first how to step and get results, and we must know that all crypto users who have been successful have passed through the hard times first and finally they can enjoy the results, and for beginners who want to invest they have to be interested in the market movements so that it is not easy to make decisions.
Newbies like myself be warned, don't make crypto decisions because of the following, they are very misleading and extremely danger to your money
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
I totally agree with you on ideas 1 and 2. The market is full of manipulation and celebrities always use their attraction to create cheap fomo news. Many newbies believe in the vision of McAfee, CZ and Justin Sun to buy Bitcoin and hold. After that, they were the ones who lost money from those fomo. So don't think it's easy to make money in the financial markets. We need to learn a lot and experience a lot to understand the kind of market we are participating in. That's what we need to learn the most in the beginning. 1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
Newbies like myself be warned, don't make crypto decisions because of the following, they are very misleading and extremely danger to your money
1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
Almost all projects that John McAfee hyped are down in value up to their death door already, I'm not saying it's John's fault but yeah he sure got his reputation ruined already, my advice for newbies is to have interest more in the use case of projects not those hyping the project 1. Crypto Analysts predictions
2. Hyped projects by billionaires or known people e.g McAfee
3. Going into futures and margin trading when you haven't even mastered normal trading
Seek for answers and you shall find, knowledge is power
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