What advise would you give a crypto newbie?

[bitterguy28]

At the beginning part of the journey and at the long run as well. Don't rush to make big profit.

it’s essential to learn how the market works and know what is normal timeframe i know so many people who turned against crypto because they felt like they were being scammed because they were promised of easy and fast money but that is not true at all you need to be patient and wait out the market sometimes it doesn’t mean the project is immediately a flop if it doesn’t’ reach your targeted price right off the bag

Altcoin is the most investment an investor would lose easily compared to Bitcoin.

altcoins are definitely more risky than bitcoin but i wouldn’t discourage a newbie to invest in altcoins as lomg as they do their own research properly the best thing to do is to invest in both bitcoin and altcoin

[Nheer]

At the beginning part of the journey and at the long run as well. Don't rush to make big profit.

it’s essential to learn how the market works and know what is normal timeframe i know so many people who turned against crypto because they felt like they were being scammed because they were promised of easy and fast money but that is not true at all you need to be patient and wait out the market sometimes it doesn’t mean the project is immediately a flop if it doesn’t’ reach your targeted price right off the bag

Looking for fast and easy ways to make money iss the easiest way to scam people especially beginners because they lack so much knowledge at first which makes them an easy target. After falling for scams people lose interest in cryptocurrency believing everything about it is scam and also when they invest in certain coins that couldn’t meet their expectations they easily give up on cryptocurrency not knowing that cryptocurrency needs patience and time.

Altcoin is the most investment an investor would lose easily compared to Bitcoin.

altcoins are definitely more risky than bitcoin but i wouldn’t discourage a newbie to invest in altcoins as lomg as they do their own research properly the best thing to do is to invest in both bitcoin and altcoin

Their volatility is higher than that of bitcoin that’s why the risk associated with them are higher but it doesn’t mean that one can’t gain profit from them and also some altcoins are less risky than others so with adequate research you can identify good altcoins to invest in.

[NotATether]

This would be my advice to any newbie who asked me for some:

1. Don't trade.
2. Read number one.
3. Go back, take a deep breath, and remember that you should not trade.

You said to give advice for newbies. And this is the kind of news that people new to bitcoin should be hearing. Because naturally these people will be chasing quick profit but then we'd have other people on social media showing them all the money they have made and then then they become greedy.

[BitMaxz]

Their volatility is higher than that of bitcoin that’s why the risk associated with them are higher but it doesn’t mean that one can’t gain profit from them and also some altcoins are less risky than others so with adequate research you can identify good altcoins to invest in.

It's pretty bad not all altcoins can be trusted most of them are riskier than just Bitcoin but if you are willing to invest in altcoin make sure that you invest only on the altcoin with high liquidity and are tradable on almost all exchanges, unlike altcoins that only listed on an exchange that mostly are shitcoins like sample grin coin it is dying because it's privacy coin it is one of the good coin before listed on big exchanges but right now almost all exchanges delisted this coin and slowly dying it is not a good choice to invest in.
So I think better check the top 100 on coinmarketcap or Coingecko it filters all other shitcoin and should shows only most traded coins and of them should be a good investment  but before you invest make sure you check the roadmap, whitepaper and the community.

[Kemarit]

Regarding the mentor though, do you think that this is a good move by newbies to get some a mentor? I see a thread on the other forum saying that he did get one because he was losing money already.

But I will say that there could be some successful traders in crypto sphere that didn't get one. I mean we could have been in the same market around 2015-2017 hearing about trading and so we got our hands on it without knowledge and making some money even without a mentor (as obviously there's none during that time).

So do advise newbies to get someone and pay them in the beginning to teach them trading?

[Tribalchief]

Regarding the mentor though, do you think that this is a good move by newbies to get some a mentor? I see a thread on the other forum saying that he did get one because he was losing money already.

But I will say that there could be some successful traders in crypto sphere that didn't get one. I mean we could have been in the same market around 2015-2017 hearing about trading and so we got our hands on it without knowledge and making some money even without a mentor (as obviously there's none during that time).

So do advise newbies to get someone and pay them in the beginning to teach them trading?

The truth is, every newbie won't learn the same way. Some will learn the easy way, while others will have to learn the hard way. We can't overlook the importance of mentors and mentorship in the life of every newbie, especially when they want to learn something that will benefit them in the long run. I think newbies need mentors because it will help them figure out what information to focus on and what to avoid. Trading for example, is something that every interested newbie might want to seek a mentor for, because mentors already have the experience. But the thing is, some of this mentorship doesn't come for free. It usually costs money, and most newbies can't afford to pay, which is why they end up learning by themselves the hard way.

[ABCbits]

Regarding the mentor though, do you think that this is a good move by newbies to get some a mentor? I see a thread on the other forum saying that he did get one because he was losing money already.

But I will say that there could be some successful traders in crypto sphere that didn't get one. I mean we could have been in the same market around 2015-2017 hearing about trading and so we got our hands on it without knowledge and making some money even without a mentor (as obviously there's none during that time).

So do advise newbies to get someone and pay them in the beginning to teach them trading?

On theory, it's not bad idea. But since they're newbie, how exactly they can know that their mentor is competent and doesn't have bad intention? And regarding trading, there are many tutorial about it on internet, whether in form of video, article or book.

[Tribalchief]

On theory, it's not bad idea. But since they're newbie, how exactly they can know that their mentor is competent and doesn't have bad intention? And regarding trading, there are many tutorial about it on internet, whether in form of video, article or book.

I think you have a point here about the incompetence or bad intensions of mentorship, but I am not sure if it's a common thing. Though, I have seen some people who withhold information for selfish reasons, which I think doesn't make them a mentor in anyway, and they shouldn't be called one. I agree to the fact that information is available on the internet, but the quality is what really matters. I used to believe that the Internet houses all information that every one needs to improve, including trading related, until I met with a trader some weeks back. He also agreed to the fact that the internet contains certain information, but specified that it doesn't contain everything. He went further by saying that the real information, especially in his own field (trading) cost him money, and it has been really helpful to him.

[UNIVERSE]

The truth is, every newbie won't learn the same way. Some will learn the easy way, while others will have to learn the hard way. We can't overlook the importance of mentors and mentorship in the life of every newbie, especially when they want to learn something that will benefit them in the long run. I think newbies need mentors because it will help them figure out what information to focus on and what to avoid.

Of course, each newbie may have a different way in learning. There are also newbies who can learn quickly and there are other who learn slowly, it depends on their intelligence. But to have a mentor, it is not a must, it depends on the situation. Sometimes we have no person that we can really trust. I never have a mentor because I don't trust anyone. But I think I can learn it myself and I have no problem at all. It is good to have a mentor, but make sure that the mentor is trustable person.

[taufik123]

-snip-
But I think I can learn it myself and I have no problem at all. It is good to have a mentor, but make sure that the mentor is trustable person.

really a person who can be trusted, because the mentor will be the one who teaches you from start to finish.
You are willing to pay a mentor then you need to get better knowledge and understand quickly.

Many beginners only do it on their own without a mentor, but it doesn't matter as long as they learn well without difficulty, but with the help of a mentor it can be done quickly and easier.

[libert19]

This would be my advice to any newbie who asked me for some:

1. Don't trade.
2. Read number one.
3. Go back, take a deep breath, and remember that you should not trade.

You said to give advice for newbies. And this is the kind of news that people new to bitcoin should be hearing. Because naturally these people will be chasing quick profit but then we'd have other people on social media showing them all the money they have made and then then they become greedy.

Even if newbies make good profits in trading, they lose it soon after because they lack the knowledge to secure the profits and blind trading only works in bull market, two of my friends made good money back in 2021, then they lost it soon after.

Most newbies won't be this fortunate, and they'll lose from get go.

[ABCbits]

On theory, it's not bad idea. But since they're newbie, how exactly they can know that their mentor is competent and doesn't have bad intention? And regarding trading, there are many tutorial about it on internet, whether in form of video, article or book.

I think you have a point here about the incompetence or bad intensions of mentorship, but I am not sure if it's a common thing.

Actually i don't know whether it's common occurrence or not.

I agree to the fact that information is available on the internet, but the quality is what really matters. I used to believe that the Internet houses all information that every one needs to improve, including trading related, until I met with a trader some weeks back. He also agreed to the fact that the internet contains certain information, but specified that it doesn't contain everything. He went further by saying that the real information, especially in his own field (trading) cost him money, and it has been really helpful to him.

You're right, finding quality information getting harder especially when some website use chatbot to generate generic or non-sense article. Although I would do some research before deciding to buy certain book or guide.

[|MINER|]

My suggestion to a newbie would be to explore the crypto world as much as possible when they enter the crypto world.  And crypto related communities to follow especially Bitcoin Talk and Altcoin Talk forums to explore and ask more questions.

Ask more questions because when you explore you will come across many new things that you don't understand and the easiest and best way to understand them is to create a topic in such forums and ask the community members.And of course, as a newbie, it is best to avoid aggressive investments first, gain knowledge, and then invest.

[robelneo]

Hi everyone. Pls what advice would you relay to a crypto newbie learning the ropes of risk management and hoping to become a bad ass trader. Excited to hear from y'all..

My advice is to always moderate your greed take your timedo your research and do not be in hurry to believe what people are presented to you, Not all that glitters is gold when it comes to investing in Cryptocurrency.

You will make mistakes; its part of growing in investing in cryptocurrency, but be sure to apply all that you learn from investing, There are many shills, hypes, scams, and bad actors in cryptocurrency, tracing them is a huge undertaking, so it should be your endeavor to trace what are good and bad investments.

[JISAN]

lot of people will suggest you to learn the candlestick pattern to understand the basic and expert level trading. Most essential to learn try to learn as much as you can cause the more you learn about  market. This market Won't  always go as you please. You will learn in a curve. So if failed it means You're learning.