newbies should do their research first before investing.
Personally, I think newbies should get started rather than wasting time researching.
What I meant by newbies should do some research is that some newbies lack basic knowledge about bitcoin. If they don’t accumulate knowledge about bitcoin before investing, some might end up losing their investment because they don’t know the appropriate wallet to use in storing their bitcoin, they don’t know how to secure their private key, some don’t even know reputable places to get bitcoin from and other basic things which they should know. Some newbies just see some advertisements about bitcoin on social media, and they will pick interest in it, and we all know we are not supposed to trust or follow most of the videos we see on social media because some of them are scammers. That’s why I do recommend that newbies do research before investing.
If they invest first before doing research, before they get to understand something’s, it might already be late. Some newbies might see some Ponzi scheme that will require people to deposit bitcoin on a particular site as an investment. A newbie without knowledge might end up falling for tricks like this.
It is very important for newbies to ask questions from experienced crypto holders and learn to carry out research before buying any cryptocurrency including Bitcoin.
It seems to me that you don't understand the meaning of what you are saying. How can you be asking from expirenced crypto holders? Did you really know what experience crypto holders mean? For the benefit of doubt cryto holders from my experience mean expirenced shitcoin holders. And that is not what we are talking about here. When making preference you should consider a potential coin like bitcoin instead of contradicting the whole situation.
Although Bitcoin is safe to buy and hodl but altcoins requires both newbies and experienced people to research any altcoins that they want to buy.
Altcoin is not necessary at this point in time. Bitcoin should be what we should be thinking of right now because it's the future of blockchain technology. Any other coin aside bitcoin is prone to distraction to me, I don't know of you. But if I where you I will pay much attention and stay away from those fucking shitcoin or altcoins whatsoever, because they are misleading and distraction to bitcoin. It is better you know your way around now before it's too late. Because if you doubt what am saying and you invest your fund in shitcoin, you will come back crying of lossing your precious fund to shit scam projects.
I agree with you, shitcoins are not good and is not advised for someone to invest in them, shitcoins are created by people who wants to make profit by other people's investment, and I will advise we don't discuss shitcoins in this thread anyone supporting shitcoins and advising anyone to invest in them is trying to promote scam and people's downfall, I see shitcoins as a Ponzi scheme which have destroyed a lot of people by it's scam.
The reason why I'm saying all these is because I have seen a lot of people shitcoins has destroyed and put into depression and I have come to the notice through my research that people that are creating shitcoins are using it to make money for themselves and a lot of them has gotten rich through it.
There was one shitcoin created by one music star which a lot of people especially his fan invested into and the coin started growing, what the creator did was to sell all his accumulated share and made million of dollars, why those that invested on it lost there money reasoning being that when the creator with the highest number of share withdrawed all his shared at once the coin dropped in value and later lost value.
A lot of people fall victim to all this shitcoins because they believe they will make quick money and that Bitcoin is slow in it's growth, however like they say patience is a virtue, there's no need risking your money in shitcoins, Bitcoin is still growing and will keep growing because it has not reached half of it's growth level so investing in Bitcoin is the best investment in crypto because it gives you peace of mind no fear of you losing your money, all you need is patience in other to succeed and grow in Bitcoin.