Quote from: SOKO-DEKE on Today at 01:26:21 PM

The truth is that, as a newbie, someone can't have all the proper knowledge to fully guide them away from scammers, because they always come up with different strategies to scam people. And trying to get the proper knowledge before investing may be wasting of time which even with year it may not get it because scammer are also coming with different tactics. Infact Even those who have been in the crypto space for a long time can still fall into scammers' traps, especially if they have the mindset of becoming rich quickly in the cryptocurrency industry.

One of the biggest challenges for newcomers to the crypto world is staying away from scammers. Scammers always lure newbies with new tempting offers, they make offers that a newbie is easily lured into. So when a newcomer comes to crypto world, the biggest risk for him is to fall into the trap of scammers, so they should always move carefully, they Don't give your personal information to scammers by falling for some kind of tempting offer. Because this will give the newbie all device and wallet access to the scammers and the newbie may lose his entire portfolio.

Quote from: SOKO-DEKE on Today at 01:26:21 PM

What you should know in the cryptocurrency industry is not to have a mindset of becoming rich quickly, or else someone can easily get scammed. For example, someone might invest in a shitcoin and, in the end, lose all their money because the coin they invested in may get dumped forever and never pump again.

One of the biggest mistakes a newbie makes is their get-rich-quick mentality. There are many investors who invest in shitcoins to get rich quick, because they may have seen some shitcoins that paid investors a lot of money, and they also fell into that temptation and invested in other sitcoins to get rich quick, but they ended up with big losses. Because most shit coin was fake, These are lost over time, So a newbie needs to change his get rich quick mindset. They need to plan for the long term, and invest their assets in bitcoins and hold them in a safe wallet for a long time.

Quote from: SOKO-DEKE on Today at 01:26:21 PM

The easiest way to avoid losing money in crypto is for someone to invest in only Bitcoin and secure their investment properly by using the right wallet, which is a non custodial wallet. Also, forget about making profits in the short term with Bitcoin. Know that there is no quick way to make money from Bitcoin, someone need to be able to hold it for a long period of time before making money from Bitcoin investment.

If a newbie wants to start investing in Bitcoin, he must have a long-term holding attitude with patience. Because short-term investment in Bitcoin is likely to result in loss, one must make a long-term holding, (take a firm decision to run DCA for at least 6 to 10 years) and only then start investing in Bitcoin. Otherwise if he wants to get rich in short term then it is better not to invest in Bitcoin.