What do you think about BTC staking ?

[bayu7adi]

This is where newbies make mistakes sometimes trying to go all in on a meme coin when they don't have proper information about it other than just hype on platforms like X.

That's a nightmare...newbies think that something that has a big opportunity is something that must be done immediately... whereas the risk of memecoin is very big, and rather than many people getting rich from memecoin, there are actually more people who lose from memecoin... it's just that the publicity is not as much as the people who succeed....

One of the most dangerous things is people who choose to jump into memecoin when they first get to know crypto... sooner or later they will run out of money when they make just one mistake...

[Amphenomenon]

This is where newbies make mistakes sometimes trying to go all in on a meme coin when they don't have proper information about it other than just hype on platforms like X.

That's a nightmare...newbies think that something that has a big opportunity is something that must be done immediately... whereas the risk of memecoin is very big, and rather than many people getting rich from memecoin, there are actually more people who lose from memecoin... it's just that the publicity is not as much as the people who succeed....
One of the most dangerous things is people who choose to jump into memecoin when they first get to know crypto... sooner or later they will run out of money when they make just one mistake...

Quick money blur rationality that often cause  regrets and bankruptcy in the long run. The project team and promoters majorly care about they making their money and nothing more. When the investors complain about it, promoters can speak of the fact that these investors ought to have known fully about the risk of meme coin investments.

This are ways many become enlightened, although I'm not ignoring the fact that some might tagged all cryptocurrency including Bitcoin bad  after that but unfortunately just to ignorant to see the difference.
 

[Alone055]

I'm not ignoring the fact that some might tagged all cryptocurrency including Bitcoin bad  after that but unfortunately just to ignorant to see the difference.

A lack of knowledge = ignorance.

It's a usual case where newbies who enter this space tend to have no knowledge, so they can be considered ignorant, but what they do is what proves that they are actually ignorant and not only ignorant about this space. Instead of trying to learn the ways of this industry, they start chasing profits. I don't know why some people think they can make money from somewhere without even knowing about what they are getting into. Can you become a doctor without having a medical education? No, you can't; similarly, you can't become a profitable trader without gaining knowledge about it.

So, newbies need to use their brains and try to gain some knowledge before they start making investments or trading because even if they manage to get some profit initially, they are soon going to lose more than what they gained.

[Faisal2202]

Those altcoins are kinda scary to invest in , in my own opinion. What happens if such a token dumps all of a sudden or for example the project fails. We've seen a lot of cases where projects like this all of a sudden crash and then all your coins become worthless.

Sometimes some of them will end up to be scams and at the end of the day you've just been buying some coins for some hacker sitting and they scamming others.

I understood your point here, as recently the 5.4 billion rug pull from Mantra has made us clear again that, in crypto space anything can happen therefore we should keep it mind that at some point, this alt can also do the same although IMO that cant be the case with Sol, BNB etc.

Because they are in the market from long time, they have achieved bigger things so if these will dump like mantra then the whole market could dump too. We should not stake all of our money in one coin to avoid huge lose if anything like this happens.

[Amphenomenon]

So, newbies need to use their brains and try to gain some knowledge before they start making investments or trading because even if they manage to get some profit initially, they are soon going to lose more than what they gained.

This is an actual fact about everything, majority of the newbies want to get the biggest ROI in a short period of time, having little to no risk management that is actually helping them. This is simply because majority ignore the most important factor for every investment which is DYOR from the right site, people or platforms, thereby gaining the right knowledge to venture into any investment and avoid risk of losing their money.