Post
Topic
Board Beginners & Help
Re: Don't invest money you can't afford to lose out of greed.
by
uchegod-21
on 11/04/2023, 18:05:53 UTC
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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.
The worst thing any Newbie could do is invest in an altcoin he or she has no concrete basic knowledge about, as there are a bunch of scam coins now in the market with very high volatility looking for those that may unluckily fall victim, because though next year we expect to see another Bitcoin halving, which has a potential causing an increase in its price, it's advisable everyone invests an amount he /she can always afford to in Bitcoin,  so that if in case the market price value doesn't go as planned, you don't panic about selling your coins at loss.

There are some risk that you will take that will benefit you life is all about Rick's how can you make it when you don't want to take the risk. Life is all about Rick's do you know how many people that have taken weeks to get what they want
One thing we also need to know is the process by which the newbies were introduced to the system. The first person that tells them about cryptocurrency and investment wins there heart and it is possible that the person may be an altcoin fan because they are many these days. If that be the case, it will be very difficult to reconvince the newbie to believe only Bitcoin.
However, altcoin investment isn't bad because it has made many millionaires in the cryptocurrency market. But where it becomes bad is when the newbies doesn't understand the risk behind it. But for he that understands the risk and abide by it, there's nothing wrong with altcoin investment.