Post
Topic
Board Beginners & Help
Re: Don't invest money you can't afford to lose out of greed.
by
HajiBagi
on 11/04/2023, 03:49:20 UTC
I've noticed that a lot of people are entering the cryptocurrency sector to invest in one or two projects because they've heard that bull run is on away coming and that have  many  people have plans to invest a sizable sum of money in some way to ensure they don't miss the opportunities.

I want to use this opportunity to warn newbies not to be deceived by the idea of becoming wealthy quickly by investing a sizable sum of money that they cannot afford to lose in the cryptocurrency industry. They should be aware that no any crypto advisor will advise anyone to invest their entire life savings in any project that it will do 10x, since nobody can predict the future of crypto industry, and with that  anyone who claim so, is a lier.

In fact, I would advise newbies to stay away from altcoins and only invest in Bitcoin in order to be on the safe side of the game, as there will be many shitcoins that will not recover after this bear market.

As a beginner, don't be overly eager to invest in any project without conducting your own thorough research.

Cryptocurrency is not about investing in other coins just to make money during a bull run. Rather than investing in other altcoins, it is preferable to invest in bitcoin to avoid losing what you are not capable of losing. The act of entering cryptocurrency to invest in any project because they've heard about the bull run is part of greedy, and greedy don't tell people what they're doing until they're done with it.
The best thing for any beginner is to avoid being persuaded by anyone else to invest in any cryptocurrencies simply because of the bull run. If you lose your money, the person won't bear the pain with you, so I advise you to research the coins you choose to invest in.