What Problems do new investors face when researching cryptocurrencies?

Oilacris

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

It cant really be avoided on having 2nd thoughts specially when you hear out some hypes and shills came from other people or group which would mainly affect your decisions towards on investing on a particular ICO. Your own research and understanding should really be the thing to be followed and those informations on net are just added up as a supplement to your research without even considering it on replacing your main idea for a project.

orions.belt19

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I thinks its having one source where investors may research about cryptocurrencies. It's a struggle having to go through several sites, reviews and comments about one coin just to verify and find out whether one is a scam. Although that it really is the job of the investor to diligently research first, it would be convenient if there was one place for them to go that is reliable. There's a chance that a review is tainted with bias because it was paid by the developers or that a site has yet to cover a new coin. Credible information is yet needed for investors.

astrid.uchiha24

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Quote from: zhekinsp on March 18, 2018, 12:19:33 AM

Falling for the scammers!

Most of the newbies are scammed in many ways like while buying their coins or investing in the Scam ICOs.Because they are asking suggestions to the random people who may don't know any knowledge about ICO investment they just looking to fill their post count for signture campaign.

that's why investment shouldn't done alone especially when you don't have any background to financial analysis, well as for cryptocurrency it's not that hard to invest and trade but the problem these days are investing on ICO that tends to be a scam later on which makes newbies leave a bad impression about cryptocurrencies. I believe newbies should always seek proper guidance.

zhekinsp

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Falling for the scammers!

Most of the newbies are scammed in many ways like while buying their coins or investing in the Scam ICOs.Because they are asking suggestions to the random people who may don't know any knowledge about ICO investment they just looking to fill their post count for signture campaign.

cydrix

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Well you can't go back what was done do you agree? But we can change a bit or change it entirely, new investors face this each and every time when they invest on something that they aren't sure of they tend to get upset over that thing well that's what we call wasting and new investors don't know about it too much because they are new but some even new investors gets wise when hustling great deals and turning the tables around by their experience on the real world.

Pricelessent

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Bump

Pricelessent

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Quote from: Omega Weapon on March 11, 2018, 12:05:39 PM

Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

I think confusing and unhelpful information is one of the biggest problems, most of the time there is information about a project you may like to research but you need to go through huge amounts of nothing just to get there, many people get discouraged by this since in order to find a good ico you need to do this for many coins and it can exhausting to go trough all the trouble only to come empty handed.

Yes! We need more organization in a platform.

Omega Weapon

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

I think confusing and unhelpful information is one of the biggest problems, most of the time there is information about a project you may like to research but you need to go through huge amounts of nothing just to get there, many people get discouraged by this since in order to find a good ico you need to do this for many coins and it can exhausting to go trough all the trouble only to come empty handed.

aishyoo17

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The problem of most new investors of crypto is that they jump right away into invest crypto just because they read that someone became a millionaire because of bitcoin but they don't have any idea what was the process or how long did it take for that person to be where he/she is now. Mostly people will only post the good side of the story. That's why when price our down newbies starts to panic sell and asks questions what is happening with the market. I think newbies should read the pros and cons in investing crypto and not carried away by hype.

Thanasis

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First of all,newbie investors will get trapped to the FUDs so they will lose their capital amount.And then they will take advices from the strangers like they are asking in what coins I need to invest and what I need to do because of the price is falling.And most of the new investors choose bitcoins because many thinks that bitcoin is their only crypto currency.

mashort

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Quote from: Pricelessent on March 08, 2018, 09:34:06 PM

Quote from: mashort on March 08, 2018, 02:57:42 AM

i think the confusion happens in any new industry. since the industry is nascent, i think it is difficult to know which information is correct. but even in the normal venture capital funding landscape, there is some degree of certainty. if everyone could have access to all information about something, everyone would invest and get returns. but investing also involves some amount of luck, belief about the future of the project and not just reading the whitepaper. the breakthrough projects will not be outright visible even with research and regulation. that is what makes any investing interesting.

This is why a platform with communities separated by each crypto that is able to reject spam and fake news is important to crypto investments and helping new investors.

i agree with you

reda

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Some people don't know the how to invest and how learn. So before invest check the all process. Then you know the process. It easy to invest. If want to price information check in the market place. market place is help to for learn more coin information for the future invest. Coin prices any time change. So you invest in right time. It time to change. So time is important for this process. So check the price every day.

Pricelessent

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we need to listen when someone tells us that X coin is scam

^^^you can say that again

Slow death

legendary

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

but how much of it is actually helpful?

has helped a lot, even because you can see on the news sites and then go to the ANN thread where there is always someone with a good heart who does research and alerts people if something is scam, although most of the time people ignore the scam alert

Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

How can you trust the person you are receiving information from?

you should not rely on a single source, look for several sources and then compare the various sources of information

Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

And is all the spread of FUD making you even rethink any of your investments?

Nope, I keep making my investments normally

Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

we need to listen when someone tells us that X coin is scam

Pricelessent

newbie

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Quote from: mashort on March 08, 2018, 02:57:42 AM

i think the confusion happens in any new industry. since the industry is nascent, i think it is difficult to know which information is correct. but even in the normal venture capital funding landscape, there is some degree of certainty. if everyone could have access to all information about something, everyone would invest and get returns. but investing also involves some amount of luck, belief about the future of the project and not just reading the whitepaper. the breakthrough projects will not be outright visible even with research and regulation. that is what makes any investing interesting.

This is why a platform with communities separated by each crypto that is able to reject spam and fake news is important to crypto investments and helping new investors.

mashort

member

Activity: 281

Merit: 10

i think the confusion happens in any new industry. since the industry is nascent, i think it is difficult to know which information is correct. but even in the normal venture capital funding landscape, there is some degree of certainty. if everyone could have access to all information about something, everyone would invest and get returns. but investing also involves some amount of luck, belief about the future of the project and not just reading the whitepaper. the breakthrough projects will not be outright visible even with research and regulation. that is what makes any investing interesting.

chris200x9

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Quote from: rockie87 on March 07, 2018, 12:08:47 AM

The most common problem that i have heard and faced personally is lack of knowledge and just blind faith that crypto will make me overnight rich person.Most of people invest in crypto by seeing there near ones making good profit in it.They don't even make a genuine effort to learn what it is and how i can make it.People in my country invest in crypto by giving there money to some other guy who knows something about this.And when they loose money,they try to show this trading fraud rather than accepting there mistakes.Soo people who wants to trade,first learn what you are trading.

We never ever should give our money to others for investments because some of our close people itself can cheat you in money matters. So if one can't understand where they are investing then better avoid that investment and find one which they can understand before investing.

People who believe that crypto investments are shortcuts to become rich fast means it is completely wrong and if someone says then never believe those people.

tweetbit

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Quote from: AngelSky on March 07, 2018, 09:20:10 AM

Quote from: tweetbit on March 06, 2018, 09:15:35 PM

There is a bunch of information in or out of this forum that is untrue and just FUD that is coming from a strangers who will benefit if someone be victimized. So don’t rely much on other people, go with your instinct and gather more information on a legit platform or at the ICO website you’ve wanted to invest in. Laziness of one investors either new or old is the common reason of lose.

Nope most of the untrue information are shared by the group of people making negative rumours about the bitcoin and other crypto currencies. DT members, moderators and staff members are actual contributors to this forum.
If any newbie want to learn some thing from the forum pinned message of the moderators and follow the positive information is only the healthy for the forum and crypto market as well.

Yup I think it’s my fault of generalizing my statement as I also follow updates from respected and trusted Bitcointalk members. Then study they’re portfolio and investment strategy. Moderators et al, as they’ve known bitcoin and have deeper knowledge on this coin than most of us. I’m referring to newbies or paid members who spread nonsense in this forum.

tweetbit

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Quote from: bitcoinisbest on March 06, 2018, 11:11:08 PM

Quote from: tweetbit on March 06, 2018, 09:15:35 PM

There is a bunch of information in or out of this forum that is untrue and just FUD that is coming from a strangers who will benefit if someone be victimized. So don’t rely much on other people, go with your instinct and gather more information on a legit platform or at the ICO website you’ve wanted to invest in. Laziness of one investors either new or old is the common reason of lose.

For many people their research is just only to ask few people and based on their say they make up their mind rather than them self reading about he project , reading whitelist and doing a deeper search and questioning the team of need be and than finally if convinced should be invested.

That’s dependent mentality attitude won’t bring them to success but to failure. We have to think about our own and act according to what we think if it is right or wrong. If ever they find themselves at that character the first and the must is to stop and quite investing. Knowledge about coins is needed and it requires effort and only those who read and search for answer can have the edge.

Hamphser

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

Its normal to read up different words truth,fuds,false informations,hype into this place or even on other websites as well but we talk into this forum itself.Its expected you would really read up lots of informations on all types,since its a forum then anyone can freely post on what they like either the truth or just having an intent to hype up things or false informations given and as newbie we are really prone on being victimized. The solution? then better read up even more and finding out communities feedbacks towards it and sooner you will really have the idea related to the things you are searching on.

Topic: What Problems do new investors face when researching cryptocurrencies? (Read 546 times)