4) Practice DCA Strategy: For example you have a $100 as capital, never invest all of it into a project at once no matter how promising it is. Always try and spread your capital using installment acrross different point in time.
Cryptocurrency investment might be overwhelming but what benefit will a newbie gain trying to repeat a mistake done by those they presumably look upto. A newbie who is applying DCA with $100 should be specific in their investment by choosing bitcoin over other cryptocurrency. If the keep trying out just any cryptocurrency they might end up running round a loop of persistent losses that will be hard to overcome. A newbie is meant to keep things Simple until the they have mastered the wave of market and bitcoin long term hold solves this complexity.
Advising people who are newbies to put their hard earned money into Altcoins and shitcoins is not advisable especially if they’re newbies to the entire crypto space. The best thing to do is teach them how to buy bitcoin and with their discretionary money they can invest using the DCA method and accumulate regularly while learning more from what they practice and research. Investing in shitcoins can be very drastic, you can lose your funds and you can also make it big but the probability of high profit is very low, so for a newbie I wouldn’t advise putting your money in different shitcoins, just choose Bitcoin and be Happy.
I don't blame you, I rather blame the market situation but the question is how long will things keep looking like this? Oh Ethereum ETF is on its way already, if this become a success what do you think the price of Ethereum will be? 6000? 10,000? Believe in something mate, Bitcoin isn't the only good one in this crypto space, have you seen the performance of Ondo? No Real world asset token come close to this one.
Tell me how we can run a smart contract on Bitcoin effectively like Ethereum, or can be tokenize real world assets using Bitcoin? You people are just Bitcoin fanatics, I am a fan too but I don't find it too hard to believe that Bitcoin can't solve all problems in this world, I think you should consider it too.