Post
Topic
Board Trading Discussion
Re: Trading as a newbie?
by
Pamadar
on 04/02/2023, 17:10:35 UTC
It seems @OP is looking seriously for a pump and dump project and you should know that it is very much risk to invest in altcoins and hope you're ready for whatever consequences it brings before you.
I will advice you rather invest in Bitcoin for a long time(not a financial advice and you should do your research please)
As Bitcoin has proven to be the hope of the common man.
And if you must going into day trading then I will also advice that you go learn the necessary rudiments and bet yourself fully equipped with the basic trading knowledge.
Unfortunately, negative perceptions of the crypto industry are still out there and we just can't change everyone's perspective overnight. For those who aren't particularly interested in crypto, it might be best for them to steer clear of this technology given its volatility and inherent risk. If they do choose to invest in Bitcoin or any other cryptocurrency, they're likely to experience temporary losses, especially during bearish markets. But on the bright side, the negative image of crypto keeps people grounded and aware of the potential risks. It's important to approach crypto with caution, but that's true for any investment.

I see that point, with ngative impressions people who are planning to start working with crypto will be aware of the possible risk, they will add good protection by learning all the possible factors that may affect the market.

Better to have that impression to be open minded and not just easily be convinced of wrong ideas
with quick benefits and easy access to earn money.