Post
Topic
Board Beginners & Help
Re: Reason Why People(Mostly Newbies) Fall Victim To Scams Easily.
by
Cookdata
on 07/06/2022, 18:53:05 UTC
if you cant be patient and learn how to trade, bear some loses until you are good enough to start making consistent profit, then crypto trading might not be for you.

It is no longer required to suffer losses in the present phase of trading because things are now made simple to lessen the loss. Anyone who wants to learn trading but does not want to lose money can practice paper trading, it is simple to set up and will provide you with virtual cash to experiment with until you become an expert.

Quote
Get proper education and clear direction, know what you are doing at all time and be patient.
Many might have the education, but not having a clear direction and lack of patience is one of the reasons many (especially newbies) end up loosing their hard earned money to scammers.

I was on Guy crypto channel (Coin Bureau) few days ago on his great weekly contents and he was worried about his poll result, almost everyone who voted chose that this was their first bull run, which indicates that this is the first time all of them started crypto, and it was partly due to FOMO, and he was wondering how some of them will keep up with the current market condition. Apparently, not everyone can withstand this bear market, especially with all of this FUD.