Post
Topic
Board Beginners & Help
Re: Don't start your crypto journey with trading/shitcoin
by
Pi-network314159
on 30/05/2025, 16:47:25 UTC
It's good that beginners know the right path to follow when they just come into the cryptospace. Some newbies with zero knowledge of bitcoin thinks is a get rich quick scheme and they rush into trading which is the normal mentality of buy low and sell high which is easy said than done as a naive person in the market. When you rush into trading, you have rushed into throwing your funds into thin air because to be a professional trader take a very long time and lot of hard work. That doesn't guarantee that you wouldn't run at loss as a professional trader.
I will not discourage anybody or newbie that want to trade , but if they want to trade they should trade with extreme carefulness. They should learn properly to avoid loses. They should not think that trading is a get rich quick scheme or a poverty alleviation program. A newbie that want to trade should trade with the amount he or she can afford to lose otherwise they will lose all too quickly.

Another set of people are those who think that bitcoin is too expensive and decide to go for shitcoins looking for whatever new shitcoins that will be listed in exchange due to deceitful words that the coin will be the next bitcoin or do better than bitcoin in future. They will be happy stacking shitcoins and end up regretting in the long run when there portfolio depreciates overtime.
I was a victim of this set of people who usually look for newly listed shitcoin on coingecho, I will buy them in bulk and and stack hoping it pump high or I will be expecting it to be like Bitcoin someday without knowing it's a trap, only for me to discover that they are honeypot that after sometimes it turns rugpull in my wallet.