Why do you need to learn and ask people before investing? - page 3.

Finestream

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Quote from: Hatchy on October 15, 2024, 12:26:14 AM

Quote

Why do you need to learn and ask people before investing?

Replying to the title of your post.
So they don't come back asking people for solutions after they have already fallen victims of what they know nothing about. The crypto space is very broad, full of both the good and bad. As a someone new into crypto, you should be careful whom you seek knowledge from. Alot of these people on social medias, just want to make money out of potential new investors who probably want to make quick money. The rules are simple, make good research before investing your money. Don't rush into investing because someone said you should and it will make you rich over night. If you fall a victim at the end, learn your lesson and start again...

Investing is actually hard most particularly for newbies, but if you have trusted people around that have gained valuable experiences investing in the crypto market, hence investing in crypto will be easier and less risky because of the suggestions and good advices you can get from them. That's why we have this kind of community, so that we can extend help to one another most especially for newly and inexperienced investors in the market.

Tmoonz

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In as much as it is important to have knowledge about what ever investment you want to get involve in which includes getting information from people, personal researches, analysis the final position of Venturing in to it must be that of self conviction, you must be good enough to filter the information gotten by not swallowing the information raw, compare and contrast and have your final say, this will help in making an informed investment decisions and as well make you not to have anyone to be blamed when things didn't go as expected. Yeah there is nothing wrong learning from those that already have experience but we have to be very careful.

Marykeller

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I think it's a normal and responsible thing to do; before one thinks of diving into the things they have no idea of, they ask questions for directions and exposure before making a mistake that would cost them a lot.

Having that in thought, crypto investment is not what one should go into blindly because they were told to, without learning to carry out their research on why they should invest in a said coin since it all involves money. The real jerk of the matter is that nobody is to hold you accountable for your losses. Instead, you blame yourself for trusting and investing in the coin in the first place.

Crypto investment is a risky investment that is full of market manipulators that want to gain from you so that at the end, you lose your money. That's the reason why, as an investor, you don't need to invest in a coin because of FOMO. You can be caught in it, and regret it all along. However, learning to stick with the amount you can afford to lose is the necessary thing to do as an investor and that will do you good in the crypto space than getting entangled with pump-and-dump coins

jcojci

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Before you decide to invest in something, you must search for more info and learning how that investment can gives you profit. Learning will be necessary so you don't get lost without having a chance to make a profit. What people needs to do is just search and learn and decide if they believe that investment can make a profit for them. But if they are unsure about that, they don't have to force themselves to invest in that project and search for the other project.

People who coming to this forum needs to read many information that they want so they can know when to start. They know how much money they will allocate to that investment so they will not risk too much money.

ImThour

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Also depends from where you learn. If I place you with a group of degens who are thinking 24/7 about making the next 100x on their parents $1000, you will surely fall for a similar scam. So learning source matters a lot and asking people where to invest is the most stupid thing ever. If you aren't aware of the asset, you should never invest into it. So always make sure you are aware which asset you investing in.

cxtreenal

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Quote from: cryptoaddictchie on October 16, 2024, 10:00:28 PM

Quote from: tranthidung on October 16, 2024, 08:24:25 AM

With them, they only see profit in future, and want to be degen with bets in this risky and volatile market. They're like deaf when you talk about risk with them, but this is vital ignorance that decide how their investment capital will become, bigger or smaller or zero.

I think risking something on a volatile market is healthier than a stagnant one. Theres plenty of choices out there in altcoins. This is just my opinion, I'll bet more on an altcoin with strong narrative than bitcoin, why? Cause I am sure I'll ger the profit I want if this favor that project. Ive experienced it before so I know how this works. But nevertheless its always safe to bet on bitcoin maybe for a safe profit. Depends on ones apetite for risk.

Well said. Staying with Bitcoin means keeping yourself safer with the best investment and enjoying the best time for the future. I have researched shitcoins and found that the risk of investing in most currencies is comparatively high but I continue to safely deposit bitcoins which feel much safer. Short-term investing seems like gambling to me, so in every aspect, it is better to recommend to anyone who chooses to accumulate bitcoins for the long term.

cryptoaddictchie

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Quote from: tranthidung on October 16, 2024, 08:24:25 AM

With them, they only see profit in future, and want to be degen with bets in this risky and volatile market. They're like deaf when you talk about risk with them, but this is vital ignorance that decide how their investment capital will become, bigger or smaller or zero.

I think risking something on a volatile market is healthier than a stagnant one. Theres plenty of choices out there in altcoins. This is just my opinion, I'll bet more on an altcoin with strong narrative than bitcoin, why? Cause I am sure I'll ger the profit I want if this favor that project. Ive experienced it before so I know how this works. But nevertheless its always safe to bet on bitcoin maybe for a safe profit. Depends on ones apetite for risk.

Agbamoni

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When we have the mindset of getting rich with cryptocurrency we should understand the level of commitment and knowledge we need to get before that can be possible. It doesn't come with a platter of gold. Still many are stuck with the idea that ones they invest little or much of their FIAT they will get rich immediately or after some few weeks invested.

What a shame the internet is filled with people who share information's just to get engagement so they can be paid by the platform. What's more annoying is the fact that the information's or financial advice they give are what they have might seen else where while they don't practice/follow it literally. Why share information's when its no solid? Gone are the those where you can look up to the social media to get useful and helpful information, right now its feel of fake, misleading and framed work. Lets be guided out there.

Stepstowealth

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Quote from: tech30338 on October 14, 2024, 08:08:48 PM

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You should never completely trust people especially the information that they give you concerning investing because they could be giving you information based on an option that they have chosen and seen as better, others based on the old information that they have. After asking people for information concerning investing you should always learn to do your own side of the job by second verifying whatever reference that they give you because since it is your capital that you are going to risk, it is also essential and only important that you know more about what you are trying to invest in.

YOSHIE

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Quote from: tech30338 on October 14, 2024, 08:08:48 PM

Why do you need to learn and ask people before investing?

The crypto market is not the same as you know the badger market where you can invest in used goods without asking, on the contrary they will ask and learn from you, the world of crypto is one of the basics of learning that is required for those who are experienced.

The nature of crypto (peer to peer) without understanding what type of crypto you are investing in, you can no longer repeat it or go back to basics, for that reason, those who are experienced and a little knowledge from them will lead you to better events, that is the importance of what you ask.

Rockstarguy

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Quote from: Hatchy on October 15, 2024, 12:26:14 AM

Quote

Why do you need to learn and ask people before investing?

Replying to the title of your post.
So they don't come back asking people for solutions after they have already fallen victims of what they know nothing about. The crypto space is very broad, full of both the good and bad. As a someone new into crypto, you should be careful whom you seek knowledge from. Alot of these people on social medias, just want to make money out of potential new investors who probably want to make quick money. The rules are simple, make good research before investing your money. Don't rush into investing because someone said you should and it will make you rich over night. If you fall a victim at the end, learn your lesson and start again...

Despite their are people out there who can give information that are not correct, it is still good to hear from people who already have the experience, some of their knowledge can be of good advantage to investment and we must very be very careful when obtaining information from people to select the good ones that are important. Personal research is very important in investment because you can't just rely on the information people shares, it is better to make findings if they are correct or not.

We also need to learn from others to avoid some mistakes, getting knowledge in bitcoin investment is not only in making research but also from people's experiences.

tranthidung

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Quote from: Lucius on October 16, 2024, 05:21:33 AM

If everyone just wants to be among the first and invest while coins/tokens are cheap

By this thinking, they refuse good opportunity to invest in Bitcoin, but try other chances with altcoins that in their opinion are better than Bitcoin. They refuse the best and choose the worse or worst cryptocurrency for investment. Rather than getting profit by investment in Bitcoin, they losing money to altcoins.

Quote from: cryptoaddictchie on October 16, 2024, 07:26:22 AM

My logic is simple. If you dont want to lose money then dont invest and risk your funds. But dont expect to gain just by sitting idle.

"Don't invest what you don't afford to lose", saying goes like this, but lazy people who are greed to get profit quickly in this market, simply don't see risk or ignore all risk. With them, they only see profit in future, and want to be degen with bets in this risky and volatile market. They're like deaf when you talk about risk with them, but this is vital ignorance that decide how their investment capital will become, bigger or smaller or zero.

cryptoaddictchie

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Quote from: Lucius on October 16, 2024, 05:21:33 AM

Some will say that everyone decides what to do with their money, but millions of naive people obviously have a completely wrong idea about what they actually do. The best thing anyone can do is simply not participate in it.

Well thats for sure. They invest just to cling with the profits they could potentially earn but sometimes it not go to their favor. Me as a user who hunts early know the risk of losing. I used to it, but since there are times that it gives me profits so it still depend on how you cope.

Not participating but interested in crypto yeah that can be possible too but dont expect some profits from anything. Anyone who avoid the risk cant win an impossible profit too.

My logic is simple. If you dont want to lose money then dont invest and risk your funds. But dont expect to gain just by sitting idle.

Lucius

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Quote from: cryptoaddictchie on October 15, 2024, 01:42:12 PM

Thats the part where you do your research and due diligence. Since they found it early, you still do some digging even though its an alpha project. From that, youll decide whether its good or bad, then its up to you. Whats important there is you saw that and you are early since you are following them. Thats help a lot since most early users almost gain the profits in every aspect.
~snip~

If everyone just wants to be among the first and invest while coins/tokens are cheap, then obviously few want to waste time on researching who is behind the project and whether the project has any purpose and meaning. If it is an indisputable fact that most of these projects fake everything that can be faked and that the same people are behind most of them, then it is also indisputable that investors consciously invest in something where they hope to be able to make a profit before the whole thing collapses.

Some will say that everyone decides what to do with their money, but millions of naive people obviously have a completely wrong idea about what they actually do. The best thing anyone can do is simply not participate in it.

lovesmayfamilis

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The whole problem of people who are in a hurry with investments is their greed and perhaps laziness, which cannot make them look a little further than what they are offered. People are at the age of children; they cannot take responsibility for their decisions, relying on the opinion of some popular person, not realizing that they are being manipulated. Such people were, are, and will be, and as long as greed rules them, they will receive lessons regularly. But those who build their capital slowly, always appreciate and check the information they receive, and only after confident conclusions, invest something.

cryptoaddictchie

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Quote from: avp2306 on October 15, 2024, 05:41:48 AM

But since you are into this matter I guess you are in good side but still be more careful on their drops since you don't know on when those influencer became good since there's always an end point of this especially if they are anonymous or their identity has not been showed to the public.

Thats the part where you do your research and due diligence. Since they found it early, you still do some digging even though its an alpha project. From that, youll decide whether its good or bad, then its up to you. Whats important there is you saw that and you are early since you are following them. Thats help a lot since most early users almost gain the profits in every aspect.

Ive followed them to learn new alpha for such a trend. Well doesnt really matter for me regarding their anon or not. Either way if its a scam one the one they shared and you join, its always on yourself anyway to decide to go in or not. Sometimes these influ also got sting but it doesnt mean they are to blame right away. Sometimes projects decide to rug when they see some influx of money and turn greedy.

Sim_card

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This is why in whatever investment you want to start, it is good that you DYOR and not just listen to whatever you hear from youtube or social media, because most of them are living a fake life and they are only hyping that coin so that you can be scammed if you are a naive person. Personally, I don't think that doing a lot of research is necessary because you should only invest in bitcoin as that is the only coin that cannot be manipulated by anyone, and if you buy an hodli for long, you will definitely not regret it. If you are looking for new coins to invest in, it is you that have made yourself vulnerable to these scammers. Avoid centralized projects.

MusaMohamed

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Quote from: Lucius on October 15, 2024, 05:45:01 AM

Honestly, this kind of knowledge cannot help them too much, because the world of cryptocurrencies has become a paradise for scammers who use all possible tools to attract as many naive people as possible who want overnight success. I would briefly describe it like this "all those who seek success on this path must accept that sooner or later they will have to get their hands dirty or they will lose their money".

To clarify "dirty hands", it would mean that if you knowingly participate in something that smells like a scam, then you have your share in the fact that someone will lose money even if you personally will profit.

It's like to joining pump and dump groups, guess who will be benefit most from signals of these groups?

The most beneficial people are group owners and VIP members of these groups. Group owners are people who create signals for these groups and share them. Lower than group owners, are VIP members who will receive secret signals earlier than normal group members. At the bottom of the group, normal members will rely on luck, like whether they are active and see signals earlier than other members. The later they see these signals, the higher risk that their entries will have less profit and worse, very big loss.

Anyone who are members of these groups, sharing these signals to their family members, friends, colleagues, have "dirty hands" because they support scammers and indirectly bring losses to other people.

Lucius

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Quote from: tech30338 on October 14, 2024, 08:08:48 PM

~snip~
So for the people coming in the forum and want to know what coin are good to invest better read this article and will help you on you're goal to be informed and aware of the situation.
Hope that i was able to help those people who wan't to start their journey in crypto and some who are just currently in this situation.

Honestly, this kind of knowledge cannot help them too much, because the world of cryptocurrencies has become a paradise for scammers who use all possible tools to attract as many naive people as possible who want overnight success. I would briefly describe it like this "all those who seek success on this path must accept that sooner or later they will have to get their hands dirty or they will lose their money".

To clarify "dirty hands", it would mean that if you knowingly participate in something that smells like a scam, then you have your share in the fact that someone will lose money even if you personally will profit.

avp2306

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Quote from: cryptoaddictchie on October 15, 2024, 01:57:49 AM

Quote from: mk4 on October 14, 2024, 10:30:51 PM

In the first place, investing in something just because some influencer recommended it is totally a dumb move.

Sometimes I believed those who are I know that will really share some good alpha when it comes to good investing and potential airdrop. But yes some influencers are just using it to pump their bags or maybe they are promoting it.

As a caller on my own group, I cant say Id originally found some of those good airdrops but did see on some on it on few influencers I trusted with sharing good investment. Well cant say fully a dumb move cause able to profit good on some of it.

There are good and bad influencers that's why we need to choose wisely on who we are following since that doesn't really mean if they portray good profit generated on programs they do that's enough to trust them. There's provably difference upon our execution and them so expect that result is different.

But if we are using their teaching or prediction as basis then we do more further research in background then provably that we are in best position to gain. But since you are into this matter I guess you are in good side but still be more careful on their drops since you don't know on when those influencer became good since there's always an end point of this especially if they are anonymous or their identity has not been showed to the public.

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