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.
Great one, OP. Now is the time for crypto influencers and trading signal professionals to claim to be experts in crypto trading by giving a lot of advice to newbies with little or no experience in cryptocurrency to invest in some project they don't know about, promising a huge profit.
The risk in cryptocurrency is very high, which is why investing your entire life savings or taking out a loan to invest in cryptocurrency is a bad idea because no one knows how the market will move.
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.
No coin is more reliable than Bitcoin, and as a beginner in cryptocurrency, Bitcoin is the best option to start with to reduce the risk of losing your capital quickly.
It is not too late to invest in Bitcoin because this period can also be an opportunity for new investors to stock up on Bitcoin for the future, as Bitcoin has a bright future ahead of it.