I am a member of most of the crypto groups on Facebook and even have one of my own and I have noticed one popular trending post throughout.
People often complain about newbies asking questions pertaining to what coin they should buy, when they should sell, and things of that nature. I will attempt to give you my opinion on why is this happening and why we should be more patient with the newbies.
So for the most part at the moment crypto is a poor and middle class man's game, and of course there are a few upper class investors as well as a handful of whales.
Now the term accredited investor pertains to people that have a net worth of $200,000 or more in earnings over the last 2 years and or assets totaling over $1000000 outside of their residence. Simply put, rich people, those particular type of investors are considered well-informed by the SEC.
Now on to the non-accredited investors, this pertains to the poor, middle class and even the upper middle class. I myself fall into this category. The SEC considers this group of people, simply put, poor people, to be non informed as a whole and in need of extra care and consideration. Basically the government thinks we're stupid and easily taken advantage of. (Which is partially true.) Lol
With all that said there's a certain amount of Truth to both of those definitions.
I'd be willing to bet that over half of the people in crypto right now are poor to middle-class and I would also bet over half of that population is filled with first-time investors that know nothing about investing other than the fact that some people have made millions in crypto and they want to do that too.
So for those of us who consider ourselves sophisticated, well-informed, and educated on the crypto space as a whole... We have a duty to educate and inform these people to help them make good decisions. So instead of trolling them and talking down to them for asking an honest question, we should help them learn and becomes "SAVVY" (shrewdness and practical knowledge; the ability to make good judgments) like we are.
Institutional money has not hit the crypto space yet. Once it does it will change a lot of things, until that happens we all stand to make a lot of money in a relatively quick amount of time, also many of us(especially the newbies) stand to lose a lot of money in a very fast amount of time. I say we help these people make a positive change in their lives and not contribute to them ruining their lives as I have seen people take out high five figure loans only to lose it all in the markets. (Which of course is ill advised.)
Crypto is supposed to be for the people, decentralized, and all about freedom. Let's Help the newbies, educate the ignorant, and build a community of investors that will help hand the power back to the people and help lend CREDIBILITY TO CRYPTO OVERALL!
Moral of the story-
BUILD THE COMMUNITY
BE KIND TO YOUR FELLOW BROTHERS AND SISTERS OF CRYPTO!!!
THERE IS NO SUCH THING AS A DUMB QUESTION...