Who are the newbies? The newbies are the newcomers who are just coming in with the intention to invest in cryptocurrency. And every decision these newbies make now will later determine their Investment outcome. I mean the profit outcome. When investing in cryptocurrency,every decision does really counts. Atleast,newbies must have 70% knowledge of the cryptocurrency they are Investing in. And aside that, to become a cryptocurrency investor, there are different ways that one can be introduced into cryptocurrency investment. People like us got to know about cryptocurrency investment through our involvement in blockchain first before we began to learn about how cryptocurrency investment works. Hive community blockchain has assisted a lot of us to have knowledge about other cryptocurrency investment.
Why buying the pump is one of the reasons why some newbies end up losing cryptocurrency investment game.
One of the mistakes that are being made my some newbies when they wanted to start is Investment journey is buying the pump. When a coin is pumping, they buy with the intention that the coin will keep rising or pumping. And the funniest thing is, immediately after they buy the pump,the coin now keep dipping which might be to maybe misinformation about the particular coin or something. The best rate to buy cryptocurrency is when it's dip, not when it's pumping just like the Luna scenario, which immediately people buy the pump then it kept dipping till got to the dipping state. As a newbie to start with,the best time to buy is when the cryptocurrency rate is dip not when it's pumping. The pump might just be a fake pump or whatever the case may later turns out to be negatively.
