The problem with receiving information,whether free or paid, is that you have to be careful someone is not trying to hype a coin they are holding. Look for independent advice and do not follow trollboxes on exchanges.
Many people are not at all showing interest towards learning from basics and following the people is not at all good. Yes, there are many pumps and dump where they will hype the coin and people who believe they will be in loss.
It is the most common mistake which majority of the investors commit in the beginning, there is no other way of making a good amount of profit by investing in bitcoin other than learning and good background knowledge about the things. You are going to lose your money if you are jumping into bitcoin without any information. You will not be able to decide well.
But sometimes it is even better to have a little of badluck because it can give experience for traders. At least we know the risks and feeling of losing money in the wrong investment. Although their are also traders who learn mistakes of other traders. It's not always also their is a profit in trading but surely their are many success stories around the forum amidst of negative issues we are having right now.