Any advice for a newbie?

[0t3p0t]

That is very risky in my opinion and you should always buy at your own risk it's like gambling just spend what you can afford to lose. I am one of those who pours extra money into pre-market tokens and most of the time it got rugged so it is all up to you to be honest if you are brave enough to take the risk. Just do your own due deligence about the project you are going to jump into and of course if it has good narratives it might have the chance to be successful but if not then move on as this also depends on maybe 50% luck because there are a lot of projects out there that are copycats or disguised as promising that fail and some make it and survive.

[Summersay]

You make some valid points about the risks involved in cryptocurrency investments, especially with pre-market tokens. It’s true that it can feel like gambling at times, and it’s crucial to only invest what you can afford to lose. Or you can use some professional's help like with ariacrypto [nofollow]. Conducting thorough due diligence on any project is essential. Evaluating the project's fundamentals, team, and overall market narrative can help mitigate some risks.

However, as you mentioned, even with careful research, there's still an element of luck involved, and many projects may not succeed despite appearing promising. How do you usually go about conducting your due diligence, and have you found any particular indicators or red flags that help you decide whether to invest or move on?

[albon]

There are times when i notice that everyone asks the question, but here where the crypto experience makes the most of it. Because when you research all these things then a project roadmap will be clear to you. Moreover there is no way without your faith, but not all institutions will keep you safe. Moreover there will be no basis for your valuation other than the potential upside of the token. All these methods clearly state within a company roadmap how many tokens they will market and how many they are willing to lock.

[Dr.Bitcoin_Strange]

You make some valid points about the risks involved in cryptocurrency investments, especially with pre-market tokens. It’s true that it can feel like gambling at times, and it’s crucial to only invest what you can afford to lose. Conducting thorough due diligence on any project is essential. Evaluating the project's fundamentals, team, and overall market narrative can help mitigate some risks.

Cryptocurrency investment at large do carry lots of risks, Bitcoin which is considered to be the safest crypto  asset to invest in, in as much as this is true, there are still some underlying risks involved in investing in it, especially when investors do not not really understand the dynamics of Bitcoin investment and what it takes to ensure a solid bitcoin investment.

This is why it's always advised to always make sure that one gets the right information from the right sources, in order to avoid misinformation and misconceptions

[yohananaomi]

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.

Exactly, not all investments will provide profits or be valuable, so you must be willing to analyze them well before making a decision. Agree, it is not good that all the steps that will be taken start with emotions that cannot be enlightened in making decisions.
If you are able to analyze, it is certainly a good idea to do it and then decide, but if you don't have the ability, then there is a mechanism that can be done by looking at the CMC which is the best ranking to choose, because that is definitely the best one that has been tested.

[Cryptsafe]

Exactly, not all investments will provide profits or be valuable, so you must be willing to analyze them well before making a decision.

You are correct. It is high time investors know that " not all investment would provide profit for them immediately"  most investment takes time to get to a maturity stage  before they begin to generate income. Sometimes at that maturity stage, the profit or income might not come as expected because such project have not really being recognised within its environment but as time goes on, when such project becomes popular, it begins to generate higher income for the investors.
Your take on investors analysing their investment projects before investing is not far from the truth. This I think is a must for all investors because this would guide them through in making sound decisions in n their choice of investment.

[Rruchi man]

You are correct. It is high time investors know that " not all investment would provide profit for them immediately"  most investment takes time to get to a maturity stage  before they begin to generate income.

Investing alone will not guarantee profits, there are certain kinds of practices that successful crypto investors have, When they are not investing in projects that are not reputable or they know that are not solid they are constantly observing the market and they know when to exit it because if you invest in a cryptocurrency that is not is not a strong project, and then you practice investment strategy used for reputable coins like bitcoins, you may just end up loosing. 

[Cryptsafe]

You are correct. It is high time investors know that " not all investment would provide profit for them immediately"  most investment takes time to get to a maturity stage  before they begin to generate income.

Investing alone will not guarantee profits, there are certain kinds of practices that successful crypto investors have, When they are not investing in projects that are not reputable or they know that are not solid they are constantly observing the market and they know when to exit it because if you invest in a cryptocurrency that is not is not a strong project, and then you practice investment strategy used for reputable coins like bitcoins, you may just end up loosing.

I believe this is a situation of taking advantage of the market conditions in one's own favour. Here they closely monitor the market observing the trend to know exactly the next step to take. They do not relax in this type of investment or trade because they know for sure where they have put their funds and the risk involved in it. So it would not be nice of them to just put their funds and go relax waiting for price to appreciate when the project is not a guaranteed one.

[JoyMarsha]

Never rush to invest in a new coin without having a duo diligent about the coin of why you should invest in it.

A coin that hasn't been released on an exchange, stands a chance of not getting listed on an exchange on time. If they do, they might be listed at a high price, which will be dumped thereafter it was listed on the exchange.

I don't support a newbie taking a step of investing in a newly created altcoin yet to be released on exchange because not all stayed long in the crypto market actually

[Jamal Aezaz]

Exactly, not all investments will provide profits or be valuable, so you must be willing to analyze them well before making a decision. Agree, it is not good that all the steps that will be taken start with emotions that cannot be enlightened in making decisions.
If you are able to analyze, it is certainly a good idea to do it and then decide, but if you don't have the ability, then there is a mechanism that can be done by looking at the CMC which is the best ranking to choose, because that is definitely the best one that has been tested.

Newbies will find it difficult to search about a project in which he has to invest So for such experience he will spend lots of years in the crypto market because nothing can be easily achievable. Analysing the market needs experience and knowledge and everyone cannot make predictions about the future of coins.

If someone cannot predict the right coin then he should ask about it from experts and still if he has a doubt then choose those coins which are top ranking coins. This suggestion is just for newbies because those who spend lots of years in the crypto market should be able to have full command of choosing the right coin.

[Aanuoluwatofunmi]

A newbie that truly seek for advice will certainly found one, we have enough experienced members of this forum who are ready to render their best from what they have known concerning crypto by giving their quality contributions on any subject matter on discussion, we may not all know everything but the little we have idea about will definitely be given when asked in an open discussion thread like this on the forum.

[Dr.Bitcoin_Strange]

A newbie that truly seek for advice will certainly found one, we have enough experienced members of this forum who are ready to render their best from what they have known concerning crypto by giving their quality contributions on any subject matter on discussion, we may not all know everything but the little we have idea about will definitely be given when asked in an open discussion thread like this on the forum.

Be that as it may, it's also very necessary and mandatory for newbies to also do their own researchs too while they also seek advice and guidance from experts and experienced people in the crypto space, because no matter how experienced a person is, he cannot tell you everything as a newbie and you can't expect him to always come to you with informations, you can do your own researchs and when you come across complications and questions, you can take it to them for clarification.

[Summersay]

You make some valid points about the risks involved in cryptocurrency investments, especially with pre-market tokens. It’s true that it can feel like gambling at times, and it’s crucial to only invest what you can afford to lose. Conducting thorough due diligence on any project is essential. Evaluating the project's fundamentals, team, and overall market narrative can help mitigate some risks.

Cryptocurrency investment at large do carry lots of risks, Bitcoin which is considered to be the safest crypto  asset to invest in, in as much as this is true, there are still some underlying risks involved in investing in it, especially when investors do not not really understand the dynamics of Bitcoin investment and what it takes to ensure a solid bitcoin investment.

This is why it's always advised to always make sure that one gets the right information from the right sources, in order to avoid misinformation and misconceptions

You’re absolutely right about the risks associated with cryptocurrency investments, even with Bitcoin, which is often seen as the safest crypto asset. Understanding the dynamics of Bitcoin investment and what it takes to ensure a solid investment is crucial. This highlights the importance of getting accurate information from reliable sources to avoid misinformation and misconceptions. How do you usually verify the information and strategies you use for your cryptocurrency investments?

[Rubel007]

We will not be able to make profit from all investments. But we have to try so that we can keep our investment in relatively good platform. In this case investing in Bitcoin can be more profitable than other investments. Investing in Bitcoin is not profitable in the short term, but in the long term there is a chance to make a definite profit. But if someone invests in altcoins, there is a chance to profit. But of course you have to take risks. If beginners invest money they can afford to lose and hold long-term investments in some of the top coins, they will be able to profit. And if one does not want to take too much risk then there is no alternative to investing in Bitcoin.

[$crypto$]

A newbie that truly seek for advice will certainly found one, we have enough experienced members of this forum who are ready to render their best from what they have known concerning crypto by giving their quality contributions on any subject matter on discussion, we may not all know everything but the little we have idea about will definitely be given when asked in an open discussion thread like this on the forum.

Well, beginners must have a very high level of curiosity, this will make them work even harder to develop their knowledge about crypto.

They can join forums like this and they can learn a lot by using the internet, because in this day and age it is very easy to access things, when we type keywords on the search page everything will appear. There are also many content creators discussing Cryptocurrency currently.