Post
Topic
Board Altcoin Discussion
Re: newbie invest
by
judaspriest
on 02/06/2022, 13:03:47 UTC

A lot depends how useful the project is what products it offers like https://twitter.com/NFT2Metaverse_/status/1526533720743849985 which is NFT Metaverse which offers a lot of benefits to token holders.

Usually a lot of  newbies come to the cryptocurrency industry when market rise because they see how many people earn money on cryptocurrency market and want to earn money too. But when market falls they lose money and stop investing.

Cryptocurrency market continue to be very risky especially for newbies.
Newbies do not have any knowledge and experience that is why they lose money more often then more experience traders.
That's correct, I wish there should be a forum - where there should be volunteer mentor for the crypto.
It is very technical and newbie might risk their money and their peace of mind. Better to learn and seek help where needed - do not rush.
Basically crypto is very risky and not a place to try out so I think beginners need to be aware they need to learn to have knowledge before investing or trading,
losing money is very easy in crypto so it is important to be careful and consider many things before making a decision