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Topic: Why do you need to learn and ask people before investing? (Read 849 times)

sr. member
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Sometimes I believed those who are I know that will really share some good alpha when it comes to good investing and potential airdrop.

The problem with believing those you know is that they might also be wrong. I know you're experienced and there's a little less chance of falling into this category, but someone relatively inexperienced can be misled by someone he trusts and both parties may not even know they're being misled.
For example, in a Ponzi scheme, a friend family member or colleague may genuinely want the best for you when they persuade you to be involved in the investment because they have and they have gotten their profit.  They may not know it's a scam or a wrong investment.
This can be the case among influencers too. They may just be sharing an investment or airdrop that they thought to be legit without knowing that it's not. That's why it's really not advisable to just take people's word for it.
That shouldn't be a problem for the other person because it's expected that if someone brings something new to invest in or a business it's in our position to look deep into the things before participating in it. It's wrong to just jump into it blindly without doing our own research irrespective of the trust we have in them.

As grow up, if we go about our financial life without carefulness, we will end up paying for what we will lose. No adult would say they haven't heard of Ponzi schemes here and there. At least they should know that they exist even if they don't know how to identify one. But we the knowledge of existing Ponzi schemes that should propel them to always do research before putting their funds into anything online.
hero member
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Not just a bad thing to someone that lack experience, but it will make the person to regret for the rest of his life when he or she invest enough money because that person has wasted his resources that would have use to build a stand wealth.
If that happens then it will become an experience for that person and will know what will happen so if that person wants to invest then it won't be something that he/she doesn't know since he/she already experienced it before. The resources are indeed wasted when it will happen but as I have explained, it will become an experience which will make that person not do it again. Even the successful people also experienced failures and losses until they have what they achieved right now.
full member
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Investing to something you don't know is a bad move and it could be a trap which is to only trap investors and steal their money. It happened to my brother where he invested in a  project without much questions and only been told that it's about agriculture and once itnis done then they will earn money. Well, having a lot of experience is a good thing but to do it is you have to ask experts but it won't be easy task.
Not just a bad thing to someone that lack experience, but it will make the person to regret for the rest of his life when he or she invest enough money because that person has wasted his resources that would have use to build a stand wealth.

If those newbies open their mouth and tell you what they have experienced from some projects, other knowledgeable users are avoiding in the industr because they know that the projects will not going to bring out good result. You are right on this, having enough experience on a particular project will help newbies to break into success in the industry, and if you want to have the experience in this forum, make sure you are stable or active in this forum to learn  many things that will make you to have the experience to be far from scam projects.
jr. member
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You need to take things seriously especially learning because no matter what investment might be you have to do background studies before you take any step, you can not operate what you don't have knowledge on, the I even love mentorship, it make, and people that are familiar with market will be able to give you a good advice on what coin to buy. You have to understand the market, before you starting investing, their structures you have to follow before investing, this is the kind of mistakes that. Lot of people are making they want to avoid learning.  And their is not they can do without learning.

And self learning is not easy but when you have a mentor it will make things very easy for you, but their people that don't know the relevance of have a mentor until you encounter a problem and you find it hard to make decision. And everyone have to decide wether they want to do self learning or get a mentor.
Investing without knowing what we are doing can lead to big losses. That is why research and learning are crucial. Getting guidance from experienced experts called mentorship helps a lot. They know market well and can teach you. Before investing understand how market works and what is happening. Many people skip this step and make costly mistakes. We can learn on our own but having mentor makes it easier and faster. Investors have two choices learn alone or get help. Either way education is key to success. Smart investing means knowing what we are doing.
I liked the last phrase that says 'smart investing means knowing what we are doing,' because it sums up the topic that created this comment.
In all truth, to seek counsel from experienced individuals or individuals in the field we want to invest in, is a sure way to get smart about making an investment decision. Whether in cryptocurrency or real estate or other good business, it is a sure thing to have a knowledge about it and how the money flows before jumping in to make either small or large financial commitments.
sr. member
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You need to take things seriously especially learning because no matter what investment might be you have to do background studies before you take any step, you can not operate what you don't have knowledge on, the I even love mentorship, it make, and people that are familiar with market will be able to give you a good advice on what coin to buy. You have to understand the market, before you starting investing, their structures you have to follow before investing, this is the kind of mistakes that. Lot of people are making they want to avoid learning.  And their is not they can do without learning.

And self learning is not easy but when you have a mentor it will make things very easy for you, but their people that don't know the relevance of have a mentor until you encounter a problem and you find it hard to make decision. And everyone have to decide wether they want to do self learning or get a mentor.
Investing without knowing what we are doing can lead to big losses. That is why research and learning are crucial. Getting guidance from experienced experts called mentorship helps a lot. They know market well and can teach you. Before investing understand how market works and what is happening. Many people skip this step and make costly mistakes. We can learn on our own but having mentor makes it easier and faster. Investors have two choices learn alone or get help. Either way education is key to success. Smart investing means knowing what we are doing.
hero member
Activity: 2268
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Bitcoin Casino Est. 2013
In this age of the internet, it is very important not to jump on any investments that we hear about just because we have been promised huge returns on investment on a very short period of time. There are a lot of scams nowadays, especially on social media, people that you don't know about there reputation will lure you to invest your money in projects that you know nothing about their origins. It is very easy to scam greedy and ignorant people who are always in a rush to make fast money. Before going into any investments, it is important not to rush, first of all make your research, ask questions from trusted and experienced people who should know before making a decision. If you're not clear on your findings, then it's better to forget about the investment, no matter how tempting it is. If we are specifically talking about cryptocurrency investment, then it's only Bitcoin that I can confidently recommend for any newbie.
Even before, jumping to any investments is not good for investors if you ask me. When the internet is not yet used by many people or just starting is that investing in an investment right away is not safe or very risky how much if it's this time when internet is now used by many people and can even make a scam investment looks very legitimate or real when the truth is that it's not even real and will only make their investors lose their money because it is a fake investment platform.
full member
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Those who are new to investing must take suggestions from experts and invest in suitable coins according to that suggestion. You should not invest without understanding the market or without learning any important thing because if you invest in this case, the investment will be more likely to give loss.

You need to take things seriously especially learning because no matter what investment might be you have to do background studies before you take any step, you can not operate what you don't have knowledge on, the I even love mentorship, it make, and people that are familiar with market will be able to give you a good advice on what coin to buy. You have to understand the market, before you starting investing, their structures you have to follow before investing, this is the kind of mistakes that. Lot of people are making they want to avoid learning.  And their is not they can do without learning.

And self learning is not easy but when you have a mentor it will make things very easy for you, but their people that don't know the relevance of have a mentor until you encounter a problem and you find it hard to make decision. And everyone have to decide wether they want to do self learning or get a mentor.
full member
Activity: 196
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Investing to something you don't know is a bad move and it could be a trap which is to only trap investors and steal their money. It happened to my brother where he invested in a  project without much questions and only been told that it's about agriculture and once itnis done then they will earn money. Well, having a lot of experience is a good thing but to do it is you have to ask experts but it won't be easy task.
In this age of the internet, it is very important not to jump on any investments that we hear about just because we have been promised huge returns on investment on a very short period of time. There are a lot of scams nowadays, especially on social media, people that you don't know about there reputation will lure you to invest your money in projects that you know nothing about their origins. It is very easy to scam greedy and ignorant people who are always in a rush to make fast money. Before going into any investments, it is important not to rush, first of all make your research, ask questions from trusted and experienced people who should know before making a decision. If you're not clear on your findings, then it's better to forget about the investment, no matter how tempting it is. If we are specifically talking about cryptocurrency investment, then it's only Bitcoin that I can confidently recommend for any newbie.
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
Investing to something you don't know is a bad move and it could be a trap which is to only trap investors and steal their money. It happened to my brother where he invested in a  project without much questions and only been told that it's about agriculture and once itnis done then they will earn money. Well, having a lot of experience is a good thing but to do it is you have to ask experts but it won't be easy task.
sr. member
Activity: 756
Merit: 356
Sometimes I believed those who are I know that will really share some good alpha when it comes to good investing and potential airdrop.

The problem with believing those you know is that they might also be wrong. I know you're experienced and there's a little less chance of falling into this category, but someone relatively inexperienced can be misled by someone he trusts and both parties may not even know they're being misled.
For example, in a Ponzi scheme, a friend family member or colleague may genuinely want the best for you when they persuade you to be involved in the investment because they have and they have gotten their profit.  They may not know it's a scam or a wrong investment.
This can be the case among influencers too. They may just be sharing an investment or airdrop that they thought to be legit without knowing that it's not. That's why it's really not advisable to just take people's word for it.
legendary
Activity: 1750
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Those people who would like to join the market don't have an idea this is their primary question where and what to invest, so some of them just carried away by the influencers where to invest because they hoping that they can earn a lot like others which is a common mistake throughout the time they realize this mistake. Now, if you are already in the crypto space and are still seeking others to invest, I guess that's the time you just need to learn from your own mistakes from the past. Always check the project and the people behind it if they have a successful project already or if most of them are a flop and run away so you don't worry about wasting your time if there are possible gains and goals of the project.
full member
Activity: 182
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Bitcoin or nothing
It is important to learn or ask people that know people that are into what you want to start or invest on before probably going into it to avoid much loss in the investment.
Even as Bitcoin investment is concern before an investor will go into Bitcoin investment he/she need some basic knowledge about how Bitcoin investment works.

In my country there are people that go into learning a particular business before they finally established their own business this is because it will make them know deep about the business, since investment involved money we really need to have idea of what we want to venture into to avoid losing all fund.
full member
Activity: 728
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Because anyone that is into investment does not want to make a mistake and it will be willing to not all the necessary step that to make him to overcome all the mistakes that will lead the Investment to the negative one so that is why many persons like to adopt the knowledge all for the kind of investment they want to go into so that at the end they will not regret about it so it's good as a beginner into any business that you want to to learn and understand the basic things of cryptocurrency so that by the end only understand things that comes with the cryptocurrency directly without any mistake so that when you invest your investment will not be in vain
legendary
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What I call that if peers pressure but in the aspect of finances. Because even though those that you know invested in cryptocurrency and gain profits that make them leave that rich lifestyle, you are not supposed to force on that lifestyle, but force and learn the way that they got there money which lead us to the knowledge first. Knowing well that you can never move further in crypto currency by trying and error if not you will lose more than you will ever expect, because you keep pushing money without any financial management or risk management. So it will definitely affect him.

The best way to succeed in the cryptocurrency space, if by acquiring knowledge from expert, and also investigate or embark on research that will help his stay in the space as an investor.
Getting knowledge from an expert may not be that easy, because there must be a reason why he will share his knowledge with you. Not all successful people want to share their knowledge, many of them are not interested in doing it even for money, there are not many ways left and one of them is to make such a person become your mentor. By the way, it is a common truth that successful people always had their own mentor, who was much more successful than them.
?
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it is always said that no man is an island and also that we all continue to learn and gain new knowledge till the day we are no more.this simply means that before investing in any coin at all inquiries should be made even as a pro and a beginner because change is always constant and the knowledge of today can become obsolete as quickly as the next day.it is also an advantage to ask people questions before investing so you can learn from others mistakes and try to avoid them.the crypto world is really so volatile for anyone to go into it alone without outside knowledge and input cause lots of people have lost a lot due to this simple mistake.
full member
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Is very important to each an everyone who want to be successful investing to learn and understand in how the everything's concern the investing and not inly the investment what ever a person come to establish is good to know much about it, so that whatever you come across will know how to handle by yourself not till you ask any other person again: because you have already know the technical aspects.

And that's why learn before investing is the best key to cryptocurrencies, because a lot of peoples failed to gain when ever they try to invest in bitcoin due to their lack of background knowledge of the investment. but some peoples don't  want study on the filled they want to apply too, that's almost peoples failed investments.

hero member
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Learning is the first anyone who wants to excel in cryptocurrency investment should do, because many persons have derailed in cryptocurrency investment due to they don't have a clear stand of it basic knowledge, even in cryptocurrency investment, you need to learn and understand it very well, and also be careful of whatever that's happening in cryptocurrency, because the risk that involves when you don't have the preamble of what you wnats to venture into, it can caused to lose what you have already

Cryptocurrency or bitcoin investment is not the most investment that is prosperous on earth, and it doesn't necessarily mean that anyone who is into cryptocurrency investment most make profit in any of its investment, so I believe that cryptocurrency investment have a procedures if really you want to understand it and also make profit from your investment, some persons just get involved in bitcoin investment because they had of it somewhere without examining the platform.
hero member
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The best way to go about any investment in the digital space is through learning and understanding how to go about doing your investment, and one of the reasons why some have got scammed in the crypto industry, if you ask, is that most of these people lack knowledge of what they're doing,  they heard how others are leveraging in the crypto market and they thought it was just a day something, and not asking how long those people made their investment, whereas they will go running around in the internet space looking for a way to make such returns in short period of time and they lose money to those honey pot (scam coins) out there.
full member
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Those who are new to investing must take suggestions from experts and invest in suitable coins according to that suggestion. You should not invest without understanding the market or without learning any important thing because if you invest in this case, the investment will be more likely to give loss.
legendary
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I would say learning is an everyday practice which will have a either have a positive or negative change in someone. Studying is also another thing in which you have to be disciplined to obtain a particular knowledge and understanding.
The crypto world is very versatile and even the ones we think that are professionals still study, learn and do research before investing.
~

You make a good point that learning and studying play a key role in crypto world.  Yes, even seasoned investors continue to learn and research.  but there is a difference between picking up knowledge here and there (aka learning) vs cracking open textbooks to master a skill (aka studying). and  In crypto, we gotta do both.  On one hand, you got to keep pace with the latest trends and tech breakthroughs.  Thats like casual reading - no exams just staying in-the-know.  On the other hand, you gotta hunker down and commit to studying specific stuff that matters for your goals, whether its technical analysis or coding smart contracts.  The self-paced learning keeps us from falling behind, while the studious stuff transforms us into experts.  You need a healthy diet of both to thrive in this industry. (Although Ive never seen learning have a bad effect on anyone. In fact, its usually the opposite.)

Learning is a main door in anything including in this industry, but you need to remember that some things we have to pay attention to, not necessarily someone has to learn in depth, this goes back to what will be sought from crypto itself because seeing now that there are so many segments in the crypto industry, it will be very difficult for someone to learn everything, so the first thing is to know where we want to go in the crypto world. it will give us a brighter light from the start because it will look for effective and efficient learning concepts if we know our goals, whether it's investing, developing or something else.
full member
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From the perspective that you build about crypto investment I think you will be getting a lot of things wrong because investing in Bitcoin or any other cryptocurrency because other's are flexing and putting to your eye that all is Rosy with them and their investment in cryptocurrency and also making them Rich quick.


Such a mindset will only lead you to frustration along Ng the line, because before anyone should invest in cryptocurrency, they need to first of all have basic knowledge concerning the project and also information regarding previous market movement for such assets before putting their money down on them.

What I call that if peers pressure but in the aspect of finances. Because even though those that you know invested in cryptocurrency and gain profits that make them leave that rich lifestyle, you are not supposed to force on that lifestyle, but force and learn the way that they got there money which lead us to the knowledge first. Knowing well that you can never move further in crypto currency by trying and error if not you will lose more than you will ever expect, because you keep pushing money without any financial management or risk management. So it will definitely affect him.

The best way to succeed in the cryptocurrency space, if by acquiring knowledge from expert, and also investigate or embark on research that will help his stay in the space as an investor.
sr. member
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I would say learning is an everyday practice which will have a either have a positive or negative change in someone.

Learning can never bring negative changes in a person, it's the perception of the person regarding the things they have learned that might do that.

The crypto world is very versatile and even the ones we think that are professionals still study, learn and do research before investing.

Learning is a constant process. No one in this world can say that they know everything even about the field they belong to. There will always be something more that they could possibly know, so one can always learn something new, and there should be no shame taken in that.

I would love to highlight some points why one need to learn and ask people before investing.
First, to get rid of confusion and evaluating the risk involved by knowing my risk tolerance.
Second, it will help one to set out a personal financial roadmap.
Third, it will help prepare for the future whether it is a short term or long term goal.
Fourth, it will help one in creating network of connections and generation of ideas.

You forgot to mention patience and self-control which are the main drivers of one's rash decisions. Your analysis, risk assessment and tolerance, financial roadmaps, and financial goals are all useless if you are not able to calm your nerves and think rationally before making a decision, especially during critical conditions.
legendary
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I would say learning is an everyday practice which will have a either have a positive or negative change in someone. Studying is also another thing in which you have to be disciplined to obtain a particular knowledge and understanding.
The crypto world is very versatile and even the ones we think that are professionals still study, learn and do research before investing.
~

You make a good point that learning and studying play a key role in crypto world.  Yes, even seasoned investors continue to learn and research.  but there is a difference between picking up knowledge here and there (aka learning) vs cracking open textbooks to master a skill (aka studying). and  In crypto, we gotta do both.  On one hand, you got to keep pace with the latest trends and tech breakthroughs.  Thats like casual reading - no exams just staying in-the-know.  On the other hand, you gotta hunker down and commit to studying specific stuff that matters for your goals, whether its technical analysis or coding smart contracts.  The self-paced learning keeps us from falling behind, while the studious stuff transforms us into experts.  You need a healthy diet of both to thrive in this industry. (Although Ive never seen learning have a bad effect on anyone. In fact, its usually the opposite.)
sr. member
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I would say learning is an everyday practice which will have a either have a positive or negative change in someone. Studying is also another thing in which you have to be disciplined to obtain a particular knowledge and understanding.
The crypto world is very versatile and even the ones we think that are professionals still study, learn and do research before investing.

I would love to highlight some points why one need to learn and ask people before investing.
First, to get rid of confusion and evaluating the risk involved by knowing my risk tolerance.
Second, it will help one to set out a personal financial roadmap.
Third, it will help prepare for the future whether it is a short term or long term goal.
Fourth, it will help one in creating network of connections and generation of ideas.
newbie
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In general terms you learn before executing a particular project. It is good to learn something before investing in it, investing in Crypto market, someone have to understand the rules and regulations first, without having knowledge of it and went Ahead to invest when you loss ? You blame yourself for it. But when you understand how things work you finally end up winning and that can also gives you a good focus and target investment for the achievement of one's goals.
hero member
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From the perspective that you build about crypto investment I think you will be getting a lot of things wrong because investing in Bitcoin or any other cryptocurrency because other's are flexing and putting to your eye that all is Rosy with them and their investment in cryptocurrency and also making them Rich quick.


Such a mindset will only lead you to frustration along Ng the line, because before anyone should invest in cryptocurrency, they need to first of all have basic knowledge concerning the project and also information regarding previous market movement for such assets before putting their money down on them.
legendary
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...If a newbie keeps being in doubt, he might not have the guts to invest. At that point, he just has to take that risks and invest what he can afford to lose. If at the end the investment fails, then he has gained an experience and learnt a lesson on his own why the investment failed. The money lost is the price he has to pay to get the real investment idea. I have been in that situation before finding bitcoin. ..

If a beginner does not have the courage to invest, then he needs to look for additional information and only after confirming the correctness of the selection, start investing. Only in this case will he gain experience, regardless of the result of the investment.
sr. member
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Investing is a risk which only the serious minded risk takers can take. It is not easy for a newbie to make investment decisions, especially when they have to rely on another person's opinions and advice which they are not certain are true. If a newbie keeps being in doubt, he might not have the guts to invest. At that point, he just has to take that risks and invest what he can afford to lose. If at the end the investment fails, then he has gained an experience and learnt a lesson on his own why the investment failed. The money lost is the price he has to pay to get the real investment idea. I have been in that situation before finding bitcoin.

Risk is what have discouraged a lot of people from investing and that is like the key somtimes that can take you to the next level, but people are to afraid to lose that money. People that are new to anything investments will find it very hard to make certain decisions when it comes to investing but their is no choice they either learn even when they don't succeed, or refuse to invest at all. But you just have to push your self and be ready to actually invest. And investing what you scan afford to lose is when you start then you can take more risky decisions, to see what results you will get. And if the investment should fail it's not a new thing, so we can not assume that when we start it won't work we just have to be positive.

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The idea is that you keep trying until you get it right, but be smart to know when a particular investment advice seems fishy. The essence of asking questions is so we can get it right, but if we allow greed lead us into the wrong investment, then it is solely our fault.

Given up is old school now is the period were you keep trying until it works you will not just do one or two tries and the next thing is that is not working and you make it an abandoned project, this is somthing thay you have to think of when ever it does not work according to plan, you take another direction and you keeping trying till you make it work.
sr. member
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...I only asked questions when I was a newbie, which I will advise some Newbies to always ask seniors question before investing in any project in the market and it will help them to maintain profit making.

There is no certainty that the person you are asking for advice is really well versed in the current situation and will be able to recommend a good investment object to you. The situation is completely different if you apply to a specialized fund that provides services to individuals to invest their funds.
Investing is a risk which only the serious minded risk takers can take. It is not easy for a newbie to make investment decisions, especially when they have to rely on another person's opinions and advice which they are not certain are true. If a newbie keeps being in doubt, he might not have the guts to invest. At that point, he just has to take that risks and invest what he can afford to lose. If at the end the investment fails, then he has gained an experience and learnt a lesson on his own why the investment failed. The money lost is the price he has to pay to get the real investment idea. I have been in that situation before finding bitcoin.

The idea is that you keep trying until you get it right, but be smart to know when a particular investment advice seems fishy. The essence of asking questions is so we can get it right, but if we allow greed lead us into the wrong investment, then it is solely our fault.
legendary
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To the Moon
...I only asked questions when I was a newbie, which I will advise some Newbies to always ask seniors question before investing in any project in the market and it will help them to maintain profit making.

There is no certainty that the person you are asking for advice is really well versed in the current situation and will be able to recommend a good investment object to you. The situation is completely different if you apply to a specialized fund that provides services to individuals to invest their funds.
hero member
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It's a red flag when someone is trying to convince you to invest into a coin by all means or trying to show off so you will be convince to choose investing in the coin.
It may actually be a red flag if someone is trying to convince you to invest in a particular coin. However, I wouldn’t say it’s always a red flag; it also depends on the person who is advertising the coin to you. For example, I study my close friends, and I am somewhat confident that they would never push me to invest just for their own benefit. If my friends are the ones who introduced me to the cryptocurrency industry specifically Bitcoin and at that time, they genuinely convinced me to invest, it wasn’t a red flag. If anyone tries to convince you, my advice is to do your own research and not automatically conclude that it’s a red flag. If I had not thought Bitcoin was a scam when I was introduced to it, my story could have been very different by now.

Since Bitcoin has been the big deal and is still the big deal, investing in Bitcoin would be my recommendation and with regards that, the necessary research you're to do won't take long but will just be basic ones patterning to choosing the right wallet, securing your wallet and ensuring that you're investing using the right approach which from popular recommendation is to do so using the DCA methord. The forum still serves as the best platform you can do all the asking through and become certain that the response you will get are good response that won't lead you astray.

Bitcoin is the best investment in the term of less risk in cryptocurrency industry, once someone can get well secured wallet from it Bitcoin investment. I am confident that the such person don't need to worry much about it Bitcoin investment with time it will surely be at reason profits.and which also know the more you invest in Bitcoin the more you will able to make good profit, and someone can just be using DCA method to be accumulating more and with this someone can able to get Bitcoin at different levels of price and it also make it easy for someone to accumulate more Bitcoin.
full member
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People ask question to know the right time and the right place to invest their money, because when you ask professional investors question, it will be very hard for you to fail in your investment because some of them have experienced some failure which they don't want other people to do the same mistakes again. I ask question to be sure of what am doing in  a particular investment,  BTC and crypto investment is different from physical investments where you can see your mentor one on one before investing your money, but BTC and crypto investment is an online investment which you will not see your mentor but you can make use of the tools your mentor impact to you to become successful.

I only asked questions when I was a newbie, which I will advise some Newbies to always ask seniors question before investing in any project in the market and it will help them to maintain profit making.
sr. member
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It's a red flag when someone is trying to convince you to invest into a coin by all means or trying to show off so you will be convince to choose investing in the coin.
Whenever someone tries to force me to invest in a particular coin, then I don't invest, because I will start thinking the person has a motive why he/she wants me to invest in the coin. If you think a coin is really a good one and it is worth investing in, then all you should do is just to encourage me, but never force me to invest. If you encourage me, then it’s left for me to do my research and decide if I will be investing or not. Any one forcing me to invest in all this shitcoins, I always have it in mind that they are working for the team, or they are also part of the team, and they are looking for ways to scam people.
Investment comes with choices and not by force. People don't need to force me into investing (they can't) because i prioritize each of my step towards how i want to spend my money with the highest expectations of getting profits from there later on. Many of this new coins are now shitty, no true value and it takes a lot of personal research to get into it, so applying extreme force to get me into purchasing part of the coin will only put me in a position to see more reasons not to invest, if at all their potentials where as good as talked about then it won't take much to convince into investing in it.

The distinction between bitcoin and alternative currencies are that the former is more or less an investment to me but when you look at Altcoins then you’re not actually investing but rather gambling, which has made some traders some huge profits and at same time some big loss.
I can understand this on point. But isnt it bias for bitcoin and some relative altcoin to speak of it as gambling? Yes there are shitcoins and memecoins that we can do some profits off them since its classify as very volatile asset and thats gambling. But for the sake of some good altcoins I think we could say that they pass that form of understatement like ethereum, avalanche, and some good ones. Anyway thanks for a nice expound.
No, not truly bias to that extent, apart from the earlier Altcoins like you mentioned, it is hard to predict on the future of any other Altcoin coming into the market. Doing a wide guess we see a lot of new coins coming into the market but barely can we identify any of them to still retain potentials as claimed, most of them already crashed out the market and are worthless leaving those who trusted and held in their balance to raise their profits to nothing that is the reason why it's better more gambling with these new project, a quick buy and a quick sell even at that their is still a 50/50 chances of getting the opportunity of selling.
legendary
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Fully Regulated Crypto Casino
The distinction between bitcoin and alternative currencies are that the former is more or less an investment to me but when you look at Altcoins then you’re not actually investing but rather gambling, which has made some traders some huge profits and at same time some big loss.
I can understand this on point. But isnt it bias for bitcoin and some relative altcoin to speak of it as gambling? Yes there are shitcoins and memecoins that we can do some profits off them since its classify as very volatile asset and thats gambling. But for the sake of some good altcoins I think we could say that they pass that form of understatement like ethereum, avalanche, and some good ones. Anyway thanks for a nice expound.
hero member
Activity: 2520
Merit: 783
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.

The hardest part their is to know which people they should trust since there's to many of them releasing some statement regarding on investment matters, but only few of those people have genuine intention to help newbie to learn more better approach on how to deal with their investment.

Since we can't deny the fact that to many abusers around and they take advantage of innocence of people for their personal gains. That's why aside from looking forward to seek for profits related to investment option those people suggested much better if we verify this from multiple sources. Since its important to know every aspects of said things that we are interested from and to know if there's relevance on the claims they had posted.
sr. member
Activity: 630
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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.

I think the difference for this two is clear, investment is for bitcoin only as you have the ability to safeguard your funds from it depreciating in value like fiat’s because it is an edge against inflation and at the same time one is opportune to get a ROI from it due to its volatility which favours mostly long term holders. In terms of the to reward ratio bitcoin is the safest option to invest in. But this doesn’t mean one cannot trade alternative currencies.

The distinction between bitcoin and alternative currencies are that the former is more or less an investment to me but when you look at Altcoins then you’re not actually investing but rather gambling, which has made some traders some huge profits and at same time some big loss. So if one is actually looking to extremely maximize their funds i simply have them get it that with bitcoin it is a long term investment while the Altcoins are simply gambles that could pay off if it goes their way, the type to altcoin to pick then is dependent on knowledge you have and which niche works better for you
hero member
Activity: 1484
Merit: 928
It's a red flag when someone is trying to convince you to invest into a coin by all means or trying to show off so you will be convince to choose investing in the coin.
Whenever someone tries to force me to invest in a particular coin, then I don't invest, because I will start thinking the person has a motive why he/she wants me to invest in the coin. If you think a coin is really a good one and it is worth investing in, then all you should do is just to encourage me, but never force me to invest. If you encourage me, then it’s left for me to do my research and decide if I will be investing or not. Any one forcing me to invest in all this shitcoins, I always have it in mind that they are working for the team, or they are also part of the team, and they are looking for ways to scam people.

Since Bitcoin has been the big deal and is still the big deal, investing in Bitcoin would be my recommendation and with regards that, the necessary research you're to do won't take long but will just be basic ones patterning to choosing the right wallet, securing your wallet and ensuring that you're investing using the right approach which from popular recommendation is to do so using the DCA methord. The forum still serves as the best platform you can do all the asking through and become certain that the response you will get are good response that won't lead you astray.
Bitcoin is just the best coin that we can invest in without being scared of being scammed, maybe the coin will dump and will never rise again. Whenever bitcoin dumps, if you can hold, with time it’s going to bounce back and you will be able to make your money back, so I am not always scared when making bitcoin investment. Just make use of the DCA strategy when investing and properly secure your bitcoin, and you don’t have to worry that you invested in the wrong coin. As long as you can hold bitcoin, you're going to make profit.
hero member
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Not Your Keys, Not Your Bitcoin
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.

OP doesn't have to trust but when he can verify, he will be fine and can he do it, it's by simply following the basic steps of decentralization, that's the only way he can verify and that by using non custodial wallet which must be downloaded and signature verify from the website so as to avoid downloading fake custodial wallet or just buy a wallet directly from the official platform where hardware wallets and cold wallet are been sold.

Never entrust your Bitcoin to any centralized exchanges, I'm saying this because some people like to use centralized wallet, if you don't care about your privacy that's the owner problem but don't be daft to leave your coins with any centralized exchanges, withdraw them to your personal wallet. However, if you use decentralized wallet, it's the best for you and your privacy.
sr. member
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Catalog Websites
I mean it should be common to ask first if you are going to invest in something that you don't really know, then you should ask something that is expert in that field what you should do, if you want to invest in something, probably like Bitcoin then you should ask someone that already has experience and that is already expert on Bitcoin investing to ask something about it that is going to help you when you do the same.

If you know the right people then ask for their help, but when it comes to cryptocurrency investment, it is always recommended for every investor to invest on their own, learn it on their own and don't let anyone invest using their money, because that is where a lot of investors get scam, losing their investments. I suggest to not trust anyone on cryptocurrency.
full member
Activity: 490
Merit: 209
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.

Its not only with crypto currency if you want to choose a part in anything thing concerning making money you have to be very ready to want to make money, you have to be very committed and be ready to learn because you will not be able to achieve anything with learning and its either you register for a class or you get a mentor to make things easy for your self, crypto might looks interesting but worst than we think. when you don't follow the proper channel.

Quote
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.

Their are people that give advice on what they them self don't have idea about which is very dangerous because if you should follow their advise it will just lead you to the bush because you can not give what you don't have. and if you are looking up to social media for anything then you will finally know how dangerous that place can actually be because you don't need anything from there most information their are all false.
hero member
Activity: 3052
Merit: 606
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.
sr. member
Activity: 308
Merit: 256
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.
hero member
Activity: 1064
Merit: 501
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
full member
Activity: 784
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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.
copper member
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Bitcoin Bottom was at $15.4k
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.
member
Activity: 110
Merit: 52
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.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
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.
sr. member
Activity: 546
Merit: 450
Fine by Time
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.
full member
Activity: 658
Merit: 172
_
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.
legendary
Activity: 2128
Merit: 1775
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.
hero member
Activity: 1050
Merit: 592
God is great
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.
legendary
Activity: 2310
Merit: 4085
Farewell o_e_l_e_o
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.

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.
legendary
Activity: 2268
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Fully Regulated Crypto Casino
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.
legendary
Activity: 3234
Merit: 5637
Blackjack.fun-Free Raffle-Join&Win $50🎲
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.
legendary
Activity: 2072
Merit: 4265
✿♥‿♥✿
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.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
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.
hero member
Activity: 658
Merit: 562
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.
sr. member
Activity: 966
Merit: 306
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.
legendary
Activity: 3234
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Blackjack.fun-Free Raffle-Join&Win $50🎲
~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.
sr. member
Activity: 1022
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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.
hero member
Activity: 3024
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🌀 Cosmic Casino
I wonder why the FBI has published or exposed itself through the media if they're trying to catch the market manipulators. They should have kept this as a secret and as a top mission to clear the markets that are probably they can no longer control or whoever they are working for. IIRC, this is probably a foreshadowing of what SEC has done years ago of making Howeycoins[1]. It's very easy for the manipulators, whales and developers to create an attractive position through their means of gathering investors that are looking for opportunities to get rich. So, those that are into this will now have an idea, that most projects that are into these suspicious exchanges are either likely a scam or made by the government as a trap.

[1] The SEC Has an Opportunity You Won’t Want to Miss: Act Now!
full member
Activity: 252
Merit: 175
cout << "Bitcoin";
The Importance of learning (at least having an idea) should not be overlooked when it comes to investing in Crypto(or any other form of investment), especially for those who have interest in the other side of the market aside Bitcoin. This is actually my first time of hearing that agencies like FBI uses such tactics in capturing the suppose market makers that manipulates the alt market. I went online to read further, and I saw that over 60 alt were brought down because they where all a pump and dump scamming scene. And the problem with some of the newbies or investors we have today is that they just want gamble with their money. Besides, if the FBI and other agencies have been this consistent with this approach, maybe we might have seen less of these shitcoin in the market today, but nevertheless, they did a great job in this one.

And one problem that affects most people is when they fail to know/have an idea about something before going for it. Those who fall victims will not be much today only if they seek the knowledge first, but since our today world is full of people who wants to do things fast without planning, we might continue to see more victims.
hero member
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Crypto can be exciting, but it's crucial to understand what you're getting into. Don't rely on social media flexing or promises of quick riches. Just because something seems popular or has hype, doesn't mean it's a good investment. There are bad actors out there trying to manipulate the market. Cryptocurrency is a volatile market. Getting rich quick schemes are unrealistic. Think of it as a long-term investment, similar to stocks, and be prepared for ups and downs.
hero member
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BTC to the MOON in 2019
You won’t come across tokens like NEXTFUNDAI if you’re trading on reputable exchanges, like Binance. These tokens on the Ethereum network are usually created to bait scammy exchanges. Once listed, they fake the volume, and since the creators or team are behind it, authorities like the FBI wouldn’t be easily fooled. If there’s no major project development but the volume spikes, that’s a big sign of manipulation. Then, an investigation can follow, and if they find proof, they’ll have enough evidence to arrest the exchange owners for violating the law.
hero member
Activity: 1008
Merit: 629
 Even without anything, it's not safe to venture into investment without knowing what you're getting into. Supposing you need to tell someone else about what you do or the coin you are putting your funds into, so the only thing you'd know is in a given period of time, if the market is right, you'd get profit? What if it's like Bitcoin that is highly volatile and you don't know that and you put in a huge amount of money inside and instead of the market to surge, it's plunging?
 Making your research about anything saves you from a lot of things, chief amongst them is you don't fall for a scammer's decorated speech about something that has no value.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
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.
full member
Activity: 490
Merit: 225
It's a red flag when someone is trying to convince you to invest into a coin by all means or trying to show off so you will be convince to choose investing in the coin. If the coin is all that good, he wouldn't want to sell his investment in the first place and use it for mere show off. Investing in a digital asset is a personal thing, it's not advisable allow yourself to be tricked into doing it, and when you're looking at it from the point that you're investing and not merely trading, you would want to choose the right coin and learn about how best to go about it and stock only to it.

Since Bitcoin has been the big deal and is still the big deal, investing in Bitcoin would be my recommendation and with regards that, the necessary research you're to do won't take long but will just be basic ones patterning to choosing the right wallet, securing your wallet and ensuring that you're investing using the right approach which from popular recommendation is to do so using the DCA methord. The forum still serves as the best platform you can do all the asking through and become certain that the response you will get are good response that won't lead you astray.
sr. member
Activity: 336
Merit: 365
The Alliance Of Bitcointalk Translators - ENG>PID
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...
mk4
legendary
Activity: 2870
Merit: 3873
📟 t3rminal.xyz
In the first place, investing in something just because some influencer recommended it is totally a dumb move.

Either you educate yourself and make your own decisions, or don't invest at all.


* If you like reading articles: https://www.coinbase.com/learn/crypto-basics
* If you like reading books: https://theinternetofmoney.info/
* If you like watching videos: https://www.youtube.com/playlist?list=PLPQwGV1aLnTuN6kdNWlElfr2tzigB9Nnj

Security related:
* https://chainsec.io
* https://www.lopp.net/bitcoin-information/security.html

If you want to get more technical
* https://github.com/bitcoinbook/bitcoinbook#chapters
* https://github.com/ethereumbook/ethereumbook#chapters
full member
Activity: 728
Merit: 151
Defend Bitcoin and its PoW: bitcoincleanup.com
We are looking for investment in crypto-currency where everyone want's to be rich, since they see a lot of people flexing what they earn and use it to lure other people as a victim or be their followers, well its not easy and sometimes its really manipulated and are being control by few people, so before you begin you're journey be sure to learn and study, not everyone will get lucky and find a gem, Authorities like FBI just make a coin to find and look for the people or expose them on what they are doing to the market, by manipulating them, and in result they will earn money from the people who believes its true or its a good coin, as you can see this is how the market goes, so if you are investing make sure you're lock-on on an investment since you never know when it will go down to zero.
In this FBI make a coin name NEXTFUNDAI to lure this groups or people and they are caught this are ZM Quant CLS global and Mytrade, Gotbit and the head was also charge, also according to the news amounting 25 Million Dollars was also confiscated and also the bot using for the scheme, this is also use by this people to manipulate the market.
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.
Link of the news:
https://thehackernews.com/2024/10/fbi-creates-fake-cryptocurrency-to.html
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