Quote from: Zoomic on June 20, 2024, 11:20:40 AM

Quote from: Wenbing on June 19, 2024, 12:42:08 PM

1. Knowledge First:
This is foundational. If you don't have this you are liable to fall to scam. You need to learn about wallet, exchanges, dexes, and conviction and patience.

The easiest way to lose money in your crypto investment journey as a beginner is by investing without a good knowledge of what you are investing in. Of all the options stated above, acquiring the right knowledge is the most important. Most newbies fail not because they got the wrong investment option, but because they didn't have the right knowledge and went about it the wrong way. Majority of the newbies who wish to invest in cryptocurrencies are only here because of the interesting stories they have heard about crypto and this has influenced their minds to believe they do not need to spend so much time learning when they should be earning already. Anyway, I have been there before and I learnt the hard way. I believe newbies who are not patient enough to learn when they should will learn better from their own mistakes.

By being knowledgeable, you make bigger possibility to make your investment work and prosper.