Topic: Your guidance is needed (Read 523 times)

Don't even think about investing first. Because I don't recommend it, but I can't stop you from doing it.
The first thing you should do is don't be lazy to find information about forum and read. Because there are so many sources of knowledge and insight that you can get here.

If you already understand the important points in this forum, automatically your mindset will change by itself and will further encourage you to actively discuss here, You can also give new ideas, suggestions and solutions to other members.
when I first met this forum, I was a newbie. what I said above is my experience when I started my story in this forum.

Keep trying and believe in your abilities that you can increase your knowledge, especially in the cryptocurrency field. Lucky you are here, because there are so many mentors who are ready to help you.

To stay relevant in the crypto currency industry and to embrace it's innovated technology to its fullest studying consistently is just the way around. The concept of crypto is way too broad and it's opportunities are diverse so to make good funds reading should be more of a hubby and a lifestyle as well

That would be a problem if OP can't find one since he's just started and I don't know where he found this forum but I think he did his research. So, further more research and he will be one of the experienced user here although, it will take a sample first before he can consider himself as an experienced user who can stand on its own. And the posts above me about Bitcoin will probably help him but if he wants to know more he could dig up here in the search button or find it on the internet, it's up to him though. Own I a cryptocurrency is kinda good yet risky when some people know you are holding Bitcoin. That's one of the risk though and a lot of risk as you dig deeper.

There are very my things you should avoid in my own discreetion..
* You have to understand that these isn't real life stuff or social media that you can easily identify and penalized anyone that frauds you...so for these reason, entrust your valuables only to people that have been rated trust worthy by others already, all to be on the safe side .
* It hurts so much to realise alot of coins gained from crypto in the long run and at the end of the day loosing all to one fraudsters because you wanted to impress someone or yourself;
If you're a gambler, also be careful because they're many gambling sites that can Rob you off your cash and they're also many trust worthy sites that can boost your coins with them and guarantee it safety.
* Avoid altcoins if you don't have patience and also the mind to loose all...... It might not be realiable .
* Trade your coins with website that have been attested by millions.. lastly, read very wide about crypto to be able to understand the T/Cs

A pm reply is not really bad if someone gives you a personal message, for you to ignore personal message it will determine by the content of the message. Telegram is a social media platforms were you can actually obtain a negative information and also a positive information, so the advantages might be higher than the disadvantages base on your concentration and information that comes in contact, i know vividly that many scammers use social media like telegram to advertise  fake cryptocurrency investment platform but that should not make us to ignore any cryptocurrency information or message that comes from there, i think it's a wrong perceptions if we keep ignoring pm with reading, because we don't really know the pm that will be favourable.

This is a quick advice, do not reply to PM from anyone either through telegram or Twitter they are scammers and they have nothing to offer you than to use you and dump you, no one will help you in your crypto journey you are the master of yourself, learn what you can by all means let learning be your ultimate teacher

Learn about crypto first and make sure you fully understand the whole technology and if you want to make money do not start with trading because it takes longer to understand, look into top exchanges fundraising for new projects, they are called IEO and IDO, participate in few if you have free money and sell for profit once tokens are released

Binance, Kucoin, and other top exchanges are the most prone nowadays where you might assume that there will be scammers hunting our emails to send us some phishing links to lure us. Not only those fake emails from persons pretending from exchanges but most of the time some also offer giveaways and good-to-be true investment opportunities which will make you lower your defense sometimes. But always think that there are no such things as giving a little amount of crypto and they will give back multiple folds of it. Instead, they will run away with that money and they scam you living you with nothing but an unforgettable experience on trading.

Well, while at it you may want to consider staking them. Hodling is cool and fine but nothing says you still can't earn extra quantity while hodling. I bet a lot of people don't know that or if they know, they're too scared to venture into it. I don't like hodling any asset without staking it if it has staking on it. It's either I'm trading an asset or I'm staking it. There are reputable exchanges and sites that allow for staking. Binance is one of them.

To avoid making mistakes you'll end up regretting you should learn about what you want to go into, crypto is not a thing you can jump into without having basic knowledge and understanding. There are lots of post on this forum that can guide you and you can as well learn from other sites. On here you will learn alot about cryptocurrency.

Well I stopped trading long time ago and I just stick to doing my usual strategy which is holding. The time scheduling outside crypto isn't going along well nor aligning a little bit with my time here in crypto.
Thanks for the tip regardless, mate! Maybe one day I'll be back in day trading, but who knows in my scheduling right now.

Although I am strongly against spamming and misuse of thread I would say op put this thread in such a way as to not only benefit him but also to benefit others just like him so even if he isn't active or so, many newbies may want to find out more here on this post, so I would suggest we let the post die a natural death for now.

Considering the original poster hasn't been active in the forum since he asked this question, I am unsure whether it is helpful to reply to this topic at all.
If any of the moderators happen to read this, I think it would be best to lock this topic as the topic has lost its usefulness and is not contributing to constructive discussion.

Just like in any investment method, you are duty-bound o do proper research about the cryptocurrency that you are planning on investing on.

Unfortunately, most beginners and newbies think that investing into cryptocurrencies will absolutely guarantee you profit. Remove that kind of mindset and focus on the ultimate goal of supplementing yourself with knowledge about current events that may affect the market price of cryptocurrencies. Bottomline is, avoid investing on something that you have no idea about.

As to scams, better to avoid websites that offer high rates given in a short amount of time. Generally, those are called "ponzi-schemes" that will most likely run away with your investment.

Their is some mistakes that stands as a lesson and their is some that is done for a purpose to achieve a better height or get to another level of the forum, their is something  that allows occur to newbies, that is plagiarism.

When looking at or perusing into some newbies response, you will notice that some are inquisitive to get accelerated, that normally pushed them violates the rules and regulations of the community without been aware, so such mistakes are not unintentionally, it's intensional because it comes with greediness and over curious achieve another stage of the community position.

Things can't be done so easily that is why we need some guidance from those who are knowledgeable about crypto, not necessarily an expert. But I'm sure OP can make his own and gain more knowledge without others, in fact, most of us here have ZERO knowledge of something and that was because we don't get tired of reading, searching online, and watching YT.
We don't be afraid of getting mistakes because this will be the reason why we become eager to learn. And besides, no such PERFECT exists in crypto even in the other form of investment.

My dear, having the set skills is all encompassing. It also includes knowing your time for trade entry and exit and then sticking to a trading plan. It goes way beyond the use of indicators. A lot of traders make the mistake of picking on trades without first monitoring the pairs and knowing the behavioural pattern of that pair for a while. No! That's wrong. Don't just hop into a trade. Take your time. Allow whatever candle you're monitoring to close. Make sure it closes first. I've seen candle formations change even in less than two minutes to its close.

Try not to rely on indicators that lag. BB and RSI are lagging indis. Focus more on Leading indicators of Pivots Point, Support & Resistance, Trendlines. Those will surely improve your trading.

To avoid mistakes in bitcoin,one needs an experienced person and a guidance to direct him or her on the things to do and the things not to do,because I'm bitcointalk,we have the do's and the dont's to adhere to.

In Bitcoin,mistakes stands as lesson and experience.An experienced person is the only person that can be a guidian.

I know a tutor is always very important when you want to learn something new, but I'm afraid in crypto things are slightly a little bit different, most times it becomes very risky to get a tutor, especially when you're a complete novice that isn't even aware that your seed phrase is private, and only you should know it. Then again, most times tutors encourage people to buy coins/invest in projects they recommend to them just cause they are holding such coins and they want to pump it, this newcomer thus will make the mistake of investing without doing proper research which is very wrong.

Having said that, I think the forum is a great repository of knowledge and one who is new can start first of all here to get all the basic knowledge it is that they want to acquire, and even if they want to get a tutor, it should not be one that's too personal, remember to keep everything private, and only give info that would not hurt you, and that also applies to whoever is your so called tutor.

First, before even thinking about spending a penny: learn.
There's a good number of online courses on crypto. From very cheap ones on Udemy.com, to free ones at Tutsnode and ThePirateBay, the choice is yours. you can find many free ebooks too, and Wikipedia is always your friend.
Then, above all, never forget the #1 rule of investing:

Never invest what you can't afford to lose.

This rule may seem silly, but lots of people lost their lives for not following it. You WILL have emergencies. We all do. And you WILL face situations in which you HAVE  to "bend" that rule "just a little bit". Don't. If you don't have the money to invest, don't invest, or try to get the money elsewhere. But do not bury yourself, ever.

One of your worst enemies is FOMO (Fear Of Missing Out). Don't fall for it. There will always be another chance. Just take your time, do your homework, and make a move when you're ready.

And, finally, read the forum, and ask questions. There's an ungodly amount of information here on pretty much everything, and there's also a whole lot of very knowledgeable people ready and more than willing to share.
Don't be shy: somebody said the only stupid question is the one not asked. Also, this forum has a great policy when it comes to dishonest people, so you can trust the answers you get.

And above all: DON'T GET DISCOURAGED!. The crypto world can be difficult, but if others can do it, so can you.