Topic: A mistake you would surely regret - page 3. (Read 1053 times)

What often happens is when you see something like this, and panic occurs, then FOMO occurs. And in some ways, investing in some new project or new coin that is on the rise, becomes a very annoying challenge. Because, quite a bit of that actually triggers excessive panic selling. The resulting funds? It's certain, fail and lose money so easily.

This is very ordinary and basic advice. But unfortunately many people still ignore it. However, an investor must understand each other's financial conditions, and cannot be compared to other people. And we also don't need to compare ourselves with other people. So we are experts who understand financial management and its risks, because we are the ones who will receive them, not anyone else. So, don't let us want to be like other people by investing as much as possible but ignoring the basic principle of how large an amount we can afford to loose.

Many individuals who frequently find themselves drawn to these types of newly emerging projects that experience rapid price increases are often individuals seeking to make fast profits. They enter the cryptocurrency space during bullish periods without possessing much knowledge, believing that all coins are equally promising. Consequently, they invest in any project that appears to be surging without understanding that some projects are artificially inflated to attract investors before eventually collapsing in value.Conversely, those who are more cautious and hesitant to invest during periods of rapid price appreciation are typically seasoned participants in the crypto industry who have endured numerous market cycles and gained valuable experience over time. Despite well intentioned advice urging caution and thorough research before investing in unfamiliar projects, newcomers to the crypto space often remain undeterred due to their limited understanding and lack of experience in navigating its complexities.


It's wiser to allocate more of your investment capital into one or two projects where you have conducted thorough research and possess significant knowledge, rather than dispersing a large sum across various meme coins or speculative ventures that you lack understanding of. By focusing on areas you are familiar with, you increase the likelihood of making informed decisions and mitigating potential losses, thereby enhancing the overall success of your investment strategy.


The most effective strategy for achieving peace of mind and deriving enjoyment from your cryptocurrency investments entails investing only what you can comfortably afford to lose. This approach ensures that you remain unfazed and undisturbed whenever fluctuations occur in the value of your chosen cryptocurrency. For instance, if the price of the coin you invested in experiences a decline, you won't experience excessive frustration or panic if you've invested an amount that you can afford to part with.By adhering to this principle, you shield yourself from the detrimental effects of emotional decision-making, such as hastily selling off your assets at a loss due to anxiety or fear. Thus, adopting a mindset of investing within one's means enables individuals to navigate the unpredictable nature of the cryptocurrency market with resilience and composure.

This is the most difficult part been here especially if you are new here. Seeing market today and then the next day you see everywhere is green, your intuitive sense is telling you to buy but you ignore and then the next day you see another pump, if you are not experienced and descipline with how the market moves, you will be tempted to jump in, that's what memes coins on Solana are doing right now, everyone is seeing it as the next trend but check back in 3 years time, they will be forgotten.


Very soon, you will see them everywhere, they are just waiting for the new trend where they can camouflage their plans and then as soon as one of the projects become a success, the rest will follow and later you will start hearing this was scam and how they lost all their investment due to lack of due diligence particularly th newbies.


Another crucial warning, never invest an amount you think you can afford to lose, don't take that money you need for feeding, health and household bills to invest thinking that you will make more as investment, nothing is guaranteed when it comes to crypto investment, you need to know that risk is synonymous to crypto investment.

  Some of these influencers do not really know what they are influencing, as long as the money is coming in for them, they don’t mind if the project is a Ponzi scheme or not, just like the case of Dj Khaled and Floyd Mayweather unknowingly promoting what they seem to be a crypto project, it later became a scam they had to pay some certain amount for restitution. Most influencers do not even know what they are influencing, since the job of influencing is mostly about getting the  public the attention. The mistake some of these influencers do is not doing proper investigation on the project they are working for, if anything should go wrong they would be tag as accomplice to the the project thereby facing the law at accordance.
  This is why having to invest in Bitcoin is the best. It is safe and is known as the father of all other crypto. If you have to invest in other projects make sure you do your findings, people here have already stress about this. I don’t feel like it is a waste of time doing some research on your own, it might feel boring reading through those tiny lines but trust me it actually worth it because no knowledge is a waste. If you don’t want to become a victim or a collateral damage to all this crypto scam which is always high at this time in the name of bull run then you need to be well proper informed. One of the things I love about the forum is the information it provides to us, we are fortunate to be able to witness firsthand information about things and of course still hear about other people opinions on the matter.
  

Would surely agree with that, I mean high-profit investments like to the Moon projects are most likely scams just like what happened in the past Bullrun a lot of newbie traders and investors invested on it, and might not be a direct scam but most of the project is down to a lot to the point where they lost millions of dollars, which is the money of the investors, and the only winners are the investors that is able to take profit on it.

I remember the last Bullrun when the NFT market was to the moon, all of the traders were just so hype about a lot of NFT projects, probably weekly there were a lot of projects that were getting launched expecting they were going to make a huge profit with this projects, I mean for sure it is possible investing early on this kind of projects, it is evident I do take profit as well to some NFT, not to mention there are as well NFT games that have a lot of hype even until today I still see a lot of NFT games getting a lot of investors.

As long as you have the knowledge your going to know that investing in altcoins could give you a higher profit, but it has a trade-off and much higher risk, but investing in the 3rd layer projects is a much bigger risk, I wouldn't call it a bad decision as long as you are aware and know what you are doing.

And the sad part is that when the price of Bitcoin is low, that's the exact moment when many will start selling their coins, or probably running away from crypto investment due to it's recent decline in price movement, as a result of their lack of knowledge about how the crypto market works, which is ought to have been the opposite.

That's exactly how the online world works, and the earlier you understand that, the better for you and your investment capital, because saying that these influencers don't know how crypto works, I think that will be a big lie, as most of these influencers promote a coin after been paid for advertising such project/coin, and most times these influencers promote these coins due to how much they are likely to earn from affiliate commissions when people invest/buys through their affiliate link.

It still baffles me on how “influencers” could actually influence some amongst their followers to invest their money in some new and unknown alt coin that would end up being worthless. Perhaps the influencers don’t really need to do much influencing, the unrealistic assumption on the opportunity to make some big money fast would make people willingly falls for such scammy projects.

If you’re unsure of what coin to put your money in, it’s best to go with what’s known all over and familiar(bitcoin). And like always, put what you could afford to lose.

There has been an increase in crypto investors recently and this is just because of the bull run. Many of these investors think that they can just invest in any coin and make a profit within a few days. They don't care about doing any research because they are driven by FOMO and the uncontrollable desire to get quick returns. However, they fail to know that the crypto industry is very risky so the best time to invest is when the prices of these coins a very low.

Most of these crypto influencers know nothing concerning the workings of the crypto space taking Investment advice from them is risky. In some cases, they have been paid by some scam crypto developers to promote their products to attract people. These celebrities will advertise these coins aggressively as if they are vouching for them. But they will denounce the coin immediately when people are scammed or suffer losses.

It is better to only have bitcoin than investing in scam project.  But most people feel the easiest way of making profit is to invest in new project and they forget that this new projects are not reliable and can be predicted if it will be profitable.  It is better to go for bitcoin that one can atleat be sure of. The number of coin in your portfolio is not q guarantee to make profit in your investment. It is very safe to have only bitcoin than having different investment that won't be profitable.

There is no way people will not fall for scam projects because some people are too desperate whenever they are offered ×100 or ×1000 of their investments because there are people that are always fond of taking unnecessary risks even when they feel it may not work the way they expected but they will just give it a trial, sometimes it is not even only newbies that fall victims to scam projects during bull run, some experience people also falls victims because they feel they are smart enough and it is not only the poor people that gets enticed, the rich also do fall victims because they feel even if they lose that it will not affect their wealth.

The influencer sells his reputation for a project, because he gets a direct benefit while the audience only gets a sweet visualization of starting a new project even with affordable capital and the easiest way. Gambling and judging is all natural because it's a trial by fire. New projects can be easily listed on dex and how easy it is for creators / developers to get net profits and can leave at any time to revoke their liquidity. heartbreaking.

My principle if for portfolio is better to buy in cex and withdraw it to the wallet, than interacting with dex which is classified as a new chain among them like the core coin chain on ave.ai  , don't take it too seriously guys only example .

Actually, there is nothing that is so comfortable in investing besides bitcoin and stable coins, indeed, the greater the curiosity in new projects is difficult to prevent, especially since it has been affected by fomo, entering with capital that is willing to lose its value is wiser because forcing the will sometimes the project must stop even though it has only been buying a few hours.

We have opportunities everyday in the market, it's our job to deliver ourselves in promising projects. We're investors and we make sure we're in good sighted positions for the purpose to geared up good entries in the market. It can only wise if we're sticking to the solutions of the system, not relenting but pressuring our efforts towards the system. We should try out best to elimates FOMO because it comes first when we're about to missed out on projects and also investing in failed projects without any sights.

However, it’s still not advisable to invest in bitcoin or any other potential investments without knowing the risk it brings. One should invest with knowledge first and not just because of greed or FOMO because others have been rushing to invest. It’s still crucial to know first your investment well and how you can make it work despite of how volatile it is.

Bitcoin is a guaranteed profitable investment but if the one who invest is not a responsible and knowledgeable one, hence investing will not be worth the risk as it might still end up with inevitable losses.

That is the truth in the investment of cryptocurrency. And everyone is investing to make profit and among all now bitcoin is the number to invest and altcoins are for the alternative. And before you start your investment there are two things you have to know. When to invest (to purchase) and when to sell. And once you know these two factors in investment then you can do perfectly. Now the time to invest is the time when bitcoin is on the bear market which the dip in the market and the time to sell is the Bull Market or the all time high.

Once you know these then you start the investment process and be hodling it for long term. Now this season prediction is $100k while the next season prediction is $200+k so in investment you done have to worry like trading.

You are correct, that is what I used to say when I introduce someone to crypto investment, the only coin I recommend they should buy is bitcoin because it is the only coin that can reduce their risk, and if they are patient, they will most likely profit from it. Even if someone is interested in investing in other coins, bitcoin should be higher than the rest so that even if they lose on another coin, they will not feel it as much because they invested more in bitcoin. Anyone is just waiting for the bull run to come, which can alter many people's lives when the bull run goes well and you are profitable. People who have experienced bull runs before know how to be lucrative this time around. It is up to you to hunt for money and invest in bitcoin before the bull run begins, You should not be saying that I should have invested and profited. I can't wait to see the bullrun because I haven't been aware of it, and all my mentors have told me to keep investing in Bitcoin and thank them later, that is why whenever I get money I use the shares and invest in Bitcoin.

in the first case the infestation must understand the project we are digging
It doesn't necessarily mean jumping in must be carefully examined to make it clearer

its potential and no one wants to lose
and always looking for profit
with cryptocurrency they are sure they will change their fate for good

without taking bold steps, everyone has different levels.

If you go to the altcoin board right now, you'll see some threads in form of questions like, have altcoin bull started, and most of this thread are created by newbies who heard how some altcoins has given some investors a x100 profit without them knowing the basics of how a this things happen or coin that this things happen to. Its always good to conduct strick research on coin we aim to invest in before making any move for  investment and not the other way around.

The green we are seeing everywhere may bring confusion to ones plan on which coin to invest especially for newbies. One just need to be himself/herself keep to his/her investment plans and try to make good research before investing in any coin. There are always countless of opportunities in this space so if you miss one, that doesn't make you a loser. The next opportunity may be yours. Working with this will help you to overcome being FOMO.

As long as influencers work for money, and not for education, they won't care about what's behind it all. Of course, they will think more about what they get. Therefore, don't easily believe influencers so much, they work for money.

In this case, before investing, we also have to really understand what we are going to invest in, through some good and wise research it will also be very helpful. With this understanding, we can start by managing all our risks and finances wisely. So we won't easily get FOMO, panic situations, or feel greedy about something.

It's a basic and we must understand it. Everybody also has their own standard of what amount to invest. SO, look at yourself, our own ability to afford the lose, not looking and following other people.

To me, it doesn't look good to find such quick-rich methods. Often, we want to invest in brand new projects to gain high profits, which means looking for quick-rich methods. At the end of the day, we were deceived by a brand new project. Most projects come from project farmers; hence, they scam us. It's very hard to find a potential project like Arbitrum. So I think it is better to avoid such brand new projects and focus on existing ones. After listing a project on a reputable exchange, it would be good to invest. Otherwise, it would be a waste of money.