Any advice for a newbie?

[Jamal Aezaz]

Yes newbies should more and more active in this Forum. It is first advice. Even newbies should learn more from various source. Who will learn properly he will be successful from this sector. I think if any Newbies learn properly about crypto and overall he will be huge benefited today or tomorrow.
So my advice for newbies first be active in this Forum and gether knowledge.

Yes exactly knowledge is the key to success but an accurate knowledge is compulsory because there are so many sources through which one can get knowledge but every source is not a true source and most of them are providing wrong information.

If newbies are not getting Knowledge and directly start trading then trading will become a way of failure instead of revealing any satisfying results. First focus should be on learning and acquiring knowledge as if someone ignores these two then he should forget about his success.

[Makus]

I advice that you focus more on reputable projects for now, and gain quite some amount of knowledge on how the market works and how to know potential coins before you start buying pre launched coins. Especially now that we are still experiencing the effect of the Bitcoin halving, lots of scam projects are just floating around and the worst part is that, they will even look more like a potential project. I advise you continue in learning and increase your exposure by dealing with already launched coins first. And never fail to ask questions in area you are not conversant with.

[MrSpasybo]

Since you are new in the crypto market, it better that you start investing on a popular coin that has potential like bitcoin, instead of looking for a cheap coin that have not being released into the market, because I have seen many of those coins that are not yet released might not survive the market. Don't go and invest on a coin that will bring you regrets but rather invest on a coin that have a big market cap and value. However, if you want to go ahead and invest on new coins, you should only do that with the amount of money that you can afford to lose, and do your own research to know more about the coin.

Maybe this new investor may want to participate in the presale to get a low price and earn high profits when the token price increases during the bullrun. The expectation is really attractive, especially for new projects that always know how to promise good scenarios of the crypto market and the potential of the project token. I rarely participate in presales, I usually wait for the token to be listed on top CEXs before making an investment decision based on fundamental analysis and technical analysis. Finding a good project to participate in a presale is too difficult for me, so I choose the safest solution is to trust in the evaluation from the CEXs team.

Just as you said, new investors should pay attention to BTC and top ALTS in this market such as ETH, SOL, BNB, DOGE instead of new projects that have not been verified by the market and the community. Investors should control their greed well to protect their capital and opportunities when participating in the market.

[bayu7adi]

And you should really be skeptical as the transaction can be like an IOU type where you need to trust that the people behind that project will really deliver in the near future as they promised. So everything hinges on how good is the team behind the project and how good they are in delivering the promises...so you won't regret later and feel like you are just of the scammed people. I had seen the same kind of scenario with the proliferation of ICOs in 2017 and 2018 where many people were victimized out of their hard earned money all because they trusted too much. Now, this is something you need to decide on and I am hoping you are weighing your options well. Good luck.

If the problem lies in a team that has difficulty keeping its promises, then the ideal thing for newbies is to choose a project that has been running for a long time and is proven to have developers who are active and care about the continuity of the project. Currently we see many projects that have been running for several years, such as ETH, SOL, XRP and so on. Instead of choosing a new coin, such as buying an ICO coin or one that has just been launched, for team issues, old coins should be preferred, right?

Avoiding fraud is still important for newbies, so I also agree if newbies invest in top coins rather than new coins.

[joniboini]

I remember seeing some buyers looking for unlisted tokens, especially launchpad tokens or something similar where they've yet listed on any exchange in the past. Their offer can be quite attractive, especially if you can't find any liquidity on DEXes for various reasons. I'd suggest you avoid this type of deal if you can find the tokens on DEX, or if you're not dealing with any reputable traders. Which platform are you talking about btw? Do they offer a smart contract to ensure this deal will proceed?

If you want to buy the tokens as early as possible, I believe building a script or bot to look at the market and buy them as early as possible would be better (or participating in the launchpad/ICO/etc). This assumes you know the right contract address, can code, can run the code with no problem, and so on. Maybe try OTC on some reputable platform too if you want to push it even further, though I doubt they will list new tokens quickly. CMIIW.

[TomPluz]

That part's explanatory, but I'm skeptical about these type of transactions. Any advice would be helpful pls.

And you should really be skeptical as the transaction can be like an IOU type where you need to trust that the people behind that project will really deliver in the near future as they promised. So everything hinges on how good is the team behind the project and how good they are in delivering the promises...so you won't regret later and feel like you are just of the scammed people. I had seen the same kind of scenario with the proliferation of ICOs in 2017 and 2018 where many people were victimized out of their hard earned money all because they trusted too much. Now, this is something you need to decide on and I am hoping you are weighing your options well. Good luck.

[Crwth]

Well, they are the ones that are in the alpha stage. Like the ones who are not yet really there to have exposure on it and they manage to be part of the initial party that could buy something.

Basing on the name itself - "Pre"- market. It is before going to the market.

Advice is to risk what you can afford to lose.

[milewilda]

Well, they are the ones that are in the alpha stage. Like the ones who are not yet really there to have exposure on it and they manage to be part of the initial party that could buy something.

Basing on the name itself - "Pre"- market. It is before going to the market.

Advice is to risk what you can afford to lose.

It would really be a hit or miss but surprisingly there would really be those people who would really be loving to take risks specially if they are really that confident that they are really that dealing on something which does have that kind of potential. Honestly, this is the hardest time that you would really be making out decisions whether you would really be making up some investment
or not considering that this is really that the beginning of everything. Even if the devs or team are doxxed but still it wont really be an assurance that you are dealing with a good project.
There are even those projects which does have that exceptional kind of utility but ending up on being imaginary which ends up on being a failed one.
So its really that to make yourself having that assurance.

[vegasus]

Since you are new in the crypto market, it better that you start investing on a popular coin that has potential like bitcoin, instead of looking for a cheap coin that have not being released into the market,

Maybe this new investor may want to participate in the presale to get a low price and earn high profits when the token price increases during the bullrun. The expectation is really attractive, especially for new projects that always know how to promise good scenarios of the crypto market and the potential of the project token. I rarely participate in presales, I usually wait for the token to be listed on top CEXs before making an investment decision based on fundamental analysis and technical analysis. Finding a good project to participate in a presale is too difficult for me, so I choose the safest solution is to trust in the evaluation from the CEXs team.

It seems so, the OP wants to participate in new projects, maybe he thinks that he can get much higher profits by participating in pre-sale investment. Whatever the reason, maybe it was because he saw many other people who were successful in investing in pre-sales and getting very high returns. Moreover, we know very well about meme coins where many people get multiple gains and very large profits from the pre-sale of these meme coins. Well maybe that's what OP is hoping for.

But like you said, it's not easy. In fact, we must be really observant and thorough in making various decisions. because whatever that is, pre-sale projects are just like gambling. Even though we have tried our best to analyze it, it does not guarantee that it will be 100% in accordance with our analysis. In fact, sometimes it's the opposite or it actually ends up being bad. Yes, because not all new projects can really be successful.

[Cryptsafe]

OP I will advise you one thing. Not all projects are worth the investment but if you can, do well to take advantage of the opportunity when ever it avails itself. Do not allow emotion to lead you otherwise you will make a big mistake by losing out.

It is nice you do your own personal research before engaging with any project because that would give you more knowledge on the project you are about getting involved with as an investor. If you choose to do a research, go well to look into the team of that project and also it's utility value. This alone would guide you through when making or taking decision or investment plans.

[Mr. Magkaisa]

      -    Having the right knowledge helps or gives good future savings to a trader, if the informed trading knowledge is correct. However, if the knowledge learned in trading is wrong, it is also not considered good.

That's why we have to be sure about what we're getting into. It's not possible here that you just thought or heard that your friend or acquaintance said that it's okay in the crypto business; you'll enter the industry right away, because there's really no shortcut here for you to get earnings in the in the crypto space.

[Faisal2202]

I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.

AFAIK I understand its easier for buyers to make trades on pre-market, but this fact also depends on the fact that which pre-market are you using. I have not used any pre-market yet, but I am familiar with some, the one I am talking about is of ByBit. You can read there guide in here As buyers don't have to pledge any funds as collateral while sellers have to and if sellers failed to deliver the funds then the buyer will be compensated from the funds that the sellers have pledged to the trade. That's why I said the buyers have an advantage in pre-market over sellers.

Overall, I would say if you are doing pre-market just to make a profit in the long then don't think of it, as its not even %40 surety if making a profit or not. Most of the coins fall below the rates they are being traded on Pre-market, but some won't it all depends on the potential of the project if it's good then it can outperform the expectations. If you are planning to short then the advice is the same but in the opposite manner. I hope you understand.

[joniboini]

As buyers don't have to pledge any funds as collateral while sellers have to and if sellers failed to deliver the funds then the buyer will be compensated from the funds that the sellers have pledged to the trade. That's why I said the buyers have an advantage in pre-market over sellers.

I believe that's necessary since the sellers can simply not send any tokens at all if they don't give any collateral. Buyers might have a slight advantage because they don't have to prepare anything, but they need to shoulder the risk if the tokens they bought fail to deliver when they are listed officially. Btw, it sounds like Bybit pre-market is also limited to tokens that will be listed by Bybit officially, so the choices might be limited if OP is interested in unpopular coins/tokens. That being said, trading relatively unknown tokens is risky to begin with. CMIIW.

[Cryptsafe]

      -    Having the right knowledge helps or gives good future savings to a trader, if the informed trading knowledge is correct. However, if the knowledge learned in trading is wrong, it is also not considered good.

That's why we have to be sure about what we're getting into. It's not possible here that you just thought or heard that your friend or acquaintance said that it's okay in the crypto business; you'll enter the industry right away, because there's really no shortcut here for you to get earnings in the in the crypto space.

You are correct mate. You see, this point you raised is definitely one of the problems newbies are facing. For the fact that they tell them the system is okay, they just jump into it immediately without making any move to study how the system works forgetting that the person they heard such from is not on the same level as they are.
Experience is another factor they fail to check about themselves, it looks like they already know everything just because they were told that there is nothing much about crypto. It just be like the regular random talk try assume it to be without proper knowledge and when they rush into it, the make mistakes that cost them heavily and they start crying and calling crypto a scam.

[Dr.Bitcoin_Strange]

But like you said, it's not easy. In fact, we must be really observant and thorough in making various decisions. because whatever that is, pre-sale projects are just like gambling. Even though we have tried our best to analyze it, it does not guarantee that it will be 100% in accordance with our analysis. In fact, sometimes it's the opposite or it actually ends up being bad. Yes, because not all new projects can really be successful.

Indeed, the fact that some persons' got paid massively gambling on a project's pre-sales doesn't mean the next person would, and it still doesn't guarantee that people who invest afterwards on the same project would make profits too. It's just all a gamble, and just like what we already know about gambling, the outcomes are not guaranteed, and the possibility of losses are higher.

I wouldn't advise anyone to invest in altcoins, whether new or old, but if one has to, then he needs to first conduct proper investigation first before putting in money.