Almost made a bad investment decision today 🥺🥺

7juju

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Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

Let's be sincere to ourselves, no altcoins or shit coins are worth investing on and holding for the lenghty period you were saying. Most of these altcoins are one season wonders and they will vanish with your funds before you know it. Sometimes ask yourself why is it that established men and women in this industry always clamours that the only coin worth investing on is bitcoin. Do some investors actually ask this question? The reason behind this is the fact that bitcoin is the only coin that has stayed over a decade and has it is not controlled by any centralized authority that can rug pull it. Also bitcoin has over the years demonstrated that even it goes down in price, with time it will always go back up. None of these altcoins or shitcoins has the qualities that bitcoin has, so at any time you want to invest always chose bitcoin because it is the only coin that worth your money.

Y3shot

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I think it is always good to make research about every investment you are going into in cryptocurrency, it is not all the altcoins that have the potential of bringing profit. People should not just go into investing any altcoin they come across because doing this it has led so many people of investing into the wrong investment, it is better to invest in a well known investment for you to be sure of what you are doing.

odunybiz

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Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

In the crypto space, its wrong to make investment without making proper research especially when you are buying an altcoin. The research will be the one to guide you in other not to make wrong investment. Investment without research make your investment just like a gambling.

Promocodeudo

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Quote from: Obim34 on February 02, 2024, 01:43:31 AM

It is something very usual and common, one who is trying to invest in any Altcoin should be aware of the risk factor and make careful analysis on the potential of such projects. We should also know even with careful analysis being made still does not guarantee you getting a return profit of your investment, some times the project usually ends up in a wrong state which all investors will lose their money. But sometimes with the help of analyzing one can be able to identify a project with potential that will give good profits from its investment.

It is not only in altcoin that one needs to be careful but all aspects investment, since altcoin is a case study we can say that altcoin investment move should be in such a way that the investor has to know the actual project thats involved, the longevity of the project, the authenticity of the project needs to be ascertained too.
Though sometimes I see altcoin investment as luck, I said this because most people don't know much about airdrops and other projects but the little knowledge the have, they have benefited immensely in many project without being scammed, so sometimes is not about the carefulness that matters sometimes nature plays a major roles too, a project may look promising in the begining but become a trash at the end.

Su-asa

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Quote from: Manlikefrank1 on February 03, 2024, 07:29:44 AM

Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

When making a investment in a coin, you need to be careful and have carried out your study about the coin, because not all coin invested in will yield you profit.thats why most people are just informed money money,this set of people are people who don’t have much knowledge but take a look at the smart money,this are people with knowledge of crypto space and I advice we shouldn’t make a investment plan without much background check about a coin

It's absolutely crazy for any crypto enthusiast to actually finalize on investing in any coins without him or her properly making a thorough check on the coin because when you talk about the vastness of the crypto space well I believe it's just quite unreasonable for any person not to check on any coin before making or taking a decision about a particular coin. Just the other day my friend was very anxious to actually put some cash on the new Solana meme coin BOME which had just been listed on binance exchange and I carefully asked me the reason why he said because has a feeling that the coins will yield him good profit looking at how rapid it has been pumping which for me is crazy because that coin can drop drastically as same way it took in pumping up.

you said the right thing, if you have money and you don't use the money properly it might put you in a bad situation, I have always believed that money has it own spirit and when you are not using it to do something that will add quality things to you it might put you in a mess. In most situations, getting too much money might not be the problem, the problems is can you make quality decisions with the kind of money you have. Controlling millions of naira is not hard, then controlling millions of dollars can be very hard for someone that doesn't know how to control money.
However you are correct, and IMO trying to acquire greater wealth you must also get ready for the troubles ahead because making the money might not be a problem to you but when the money finally comes it will bring more problems to you, that's why these days rich people always have their own health issues such as B.P and the cause of these is when you are too stressed out.

DaNNy001

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Quote from: Manlikefrank1 on February 03, 2024, 07:29:44 AM

Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

When making a investment in a coin, you need to be careful and have carried out your study about the coin, because not all coin invested in will yield you profit.thats why most people are just informed money money,this set of people are people who don’t have much knowledge but take a look at the smart money,this are people with knowledge of crypto space and I advice we shouldn’t make a investment plan without much background check about a coin

It's absolutely crazy for any crypto enthusiast to actually finalize on investing in any coins without him or her properly making a thorough check on the coin because when you talk about the vastness of the crypto space well I believe it's just quite unreasonable for any person not to check on any coin before making or taking a decision about a particular coin. Just the other day my friend was very anxious to actually put some cash on the new Solana meme coin BOME which had just been listed on binance exchange and I carefully asked me the reason why he said because has a feeling that the coins will yield him good profit looking at how rapid it has been pumping which for me is crazy because that coin can drop drastically as same way it took in pumping up.

Manlikefrank1

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Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

When making a investment in a coin, you need to be careful and have carried out your study about the coin, because not all coin invested in will yield you profit.thats why most people are just informed money money,this set of people are people who don’t have much knowledge but take a look at the smart money,this are people with knowledge of crypto space and I advice we shouldn’t make a investment plan without much background check about a coin

HajiBagi

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Quote from: Y3shot on January 31, 2024, 02:44:44 PM

I think it would have been best if you mention the name of the coin to also save some people from falling into the trap of investing into the wrong coin. Their are so many scam coin in the market, it is important for people to be careful when making decisions to invest in altcoins. Buying coin very cheap to invest should not be the reason why people must go for these altcoins. Their are still good reliable cryptocurrency that one can still invest and make profit by hodling.

Yeah, it will be good if he mention the name of the coin so that it will help and prevent some people to invest in it, this days it is very dangerous for investing in some coin that you don't know nothing about, and this days you will see those coin are the one that have the highest price that will make you to be greedy and invest in them, thank God he went for a research if not he will not be saying what he is saying now, I really love this forum because no matter how is it this forum always give people warning and advice about buying some coins that will make them regret, but due to some greediness some people will go and fall in the trap.

In terms of cryptocurrency, everything a person is doing have to be reasonable thing's and also follow some people who are more knowledge than you instructions, you can hear a proverb that say what an elder sees sitting down, a child will not see it if he stands on the iroko tree, some people are in the forum that know many things about some coins that are not legit, so please let ask before going to invest on any to avoid losing our funds.

Hewlet

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Quote from: Inior on January 31, 2024, 02:26:02 PM

I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

if you fail to do the needed research before investing into an altcoin, you will still do the research to find out that you've made a bad investment.

Research is an integral part of our investment strategy and this is one of the reason why the forum exist as you can easily ask the forum members to tell you tell you or give a review on the altcoin youre investment into just so you can be on a safer side. The reason why most people join scam project and invest into shit coin is basically because they fail to do the needed research before ever committing their finance into it and at the end of the day, they come back crying for their carelessness.

Our people talk say who as question no de miss road and make we try de ask question regarding any investment we intend going into so people when de the hustle or when don do am before fit still put us through

Obim34

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It is something very usual and common, one who is trying to invest in any Altcoin should be aware of the risk factor and make careful analysis on the potential of such projects. We should also know even with careful analysis being made still does not guarantee you getting a return profit of your investment, some times the project usually ends up in a wrong state which all investors will lose their money. But sometimes with the help of analyzing one can be able to identify a project with potential that will give good profits from its investment.

I_Anime

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Lol don't know why find this do funny. When it comes to investing in altcoins you need to be someone that researching is an habit to. Most people think that because of the small value most altcoins have if they invest in they would endup with bigger profit without even knowing the risk attached to it. Though may be profitable but imagine falling as a victim to such project that going to experience a dump all through (expecially shit coins) your funds would only dip along with it. That why is always advisable mostly to newbie to focus their investment on bitcoin alone though is not every one that can purchase 1btc but still you purchase some nice quantities of bitcoin and sack it in your portfolio. That going all about looking for altcoins to invest on if you looking for altcoins why not research about the top altcoins but still bitcoin is more epic to invest in. I saw what one of the reply by certain user saying "if you haven't invested in bitcoin you are missing". Yeah his damn right

Marykeller

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As for the newbies, this is the very time for them to look closely before they can go ahead to invest in any crypto project. Cos na this time wey so many scam projects and less performing project go d pose like sae them go do well for price because of the upcoming bull run.

Nowadays, the crypto market don pass to the look only the price to make investment. An altcoin wey d do well for price now, go fit in a weeks time come lose value wella. And the one wey no d well for price go fit skyrocket in weeks time ''verse versa''. So no come use price to judge the altcoin wey go perform well, without looking towards their potential of what they can offer (their utility) in years to come.

A project wey dem no built on good utility is bound to fail. Having that on your mind and looking out for that go make peso not to be moved by investing on altcoin based on the price d do well currently.

Miles2006

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The best thing now is you've realise your mistake and you should not go back to such again, what's good is you never bought any of those coins or else you'll be regretting.
Make research and even with people's opinion in the forum always make your own research cause I can decide to invest in some random coins and I will just share same information here unknowingly to you, since you heard such coin here you will just decide to invest, this is wrong cause an investor should always make a research before investing.
If this coin we are talking about is so low in terms of quality how did you get to find this coin, never trust a low quality coins with all your resource.

icebar

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If you won invest for cryptocurrency but you no sure which one to choose, you fit ask questions here and people go fit advice you. You self try find out the coin market cap, and we dey talk about am every day to encourage people make dem research before dem buy cryptocurrency. If you no do your homework before investing, you fit regret am later. We thank God say you get sense for this matter when you still young.

Kliss

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That's great awareness, It's crucial to make informed decisions when it comes to investing, especially in the volatile world of cryptocurrencies. It's easy to get caught up in the excitement of a low value altcoin without considering the bigger picture. Doing thorough research and analysis is a major key factor in understanding the potential risks and rewards of any investment. It's Was fantastic that you took a step back and realized the importance of making informed decisions. Remember, knowledge and how informed you are is a powerful tool when it comes to investing.

Promocodeudo

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Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

If you chose not to mention that's fine, am happy that you realized yourself early, most people make this kind of mistake, investing in a coin is not a bad idea but the problem is, how well do you know such coin, what's the possibility of such coin being well recognised in the market in the next 4 to 6 years of your investment, if you notice that the profit of a coin in terms of long term hodling is zero, why then investing in such coin, I think trading towards that lane will amount to high level of foolishness, I must congratulate your courage and resilience to even think of investing in altcoin at this time, since you know the approach to follow already, continue doing so, to avoid being a victim of circumstance.

Brainiac01

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Yeah I agree with you on this Indepth knowledge of this things should be made, with the lift from FGN I think we'll see more of the fake coin and even worst more influencers rooting for the project. You'll see more this year. If you don't know more about it you can always ask someone who's into the space. My pastor saw similar coin sell recently and was wise enough to confirm from a friend of mine who quickly notify him that it was not what is look like.

Samlucky O

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Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

That Is good for you. We alway preach about shitcoin that has no value and how they have ruined people's investment, but I see that it's still a temptation or suicidal attempt to hit jackpot in on an unrealistic dream. So many of us have tried it and it didn't work out well so it's not something worth investing. although I haven't seen the coin in question and hoping to see before I can throw more light to it.

EluguHcman

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It would had been better you tell what crytop Coin it was so that everyone could take concious note but that is by the way.
I already sensed it is one of those AltCoins which are not reliable and are dumped with the volatility potentials to loose your funds at all costs.
OP, if you have not Invested into Bitcoin then you must have been missing.

letteredhub

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Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

Altcoins investment no be for long term investment plan, na normally for short period's wey we no person fit just dey certain on how short the period suppose be like but you just gat make up your mind say anytime profit show face na to jump out immediately. Five years you mentioned no be beans oh, and I go tell you say if you really get that mind to hold your portfolio for five years then bitcoin na the right coin to put that money into. Anything long term plan for cryptocurrency think bitcoin and nothing else because the country n done prove eim worthiness of being trusted and if you check you go see say na eim be the leading cryptocurrency since eim creation till date no shaking.

Pokapoka124

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You for tell us the name of the altcoin, you nor know weda some of us deh hodl am here. Abi you just won keep us for suspense. If you observe well for forum, people dey always cap say buy bitcoin, comot body for altcoins. E get why them dey talk like this. The wahala wey follow altcoin investment nor be here, but when you still check the overnight success and the money wey you fit achieve, you go just gather mind say make you risk am. For my own side, I go say altcoin be like gamble them nor dey sabi am. Na just luck. Cause you fit do all your market research and analysis finish, one tweet go just make the coin drop reach ground.

Smartvirus

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Quote from: Inior on January 31, 2024, 02:26:02 PM

with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

Just what I wanted to see,
How you came to that conclusion on the coin not being a suitable choice for investment and laid it out in the way that makes sense to you. Using the usual trading analysis on the charts to predict what could be and with what’s been altcoins nature, it’s often difficult to push back once it dumps drastically.

In most cases, people confuse the price (looking at how many they could get for the least $) to be some way to invest positively but it’s not. Some coins are just out there to enrich a few early birds and the team behind the project that’s all.
Before you take up some altcoin investment, you should have an idea of what the coin is out to do in the cryptospace, those behind the coin, what blockchain it’s built on, prospective exchanges and more of those. It aids you to make better decisions than just jumping on the price.

Mate2237

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Op if you want to invest in any altcoins and you don't know the particular one then you have to ask questions here for people to direct you which one to invest. And you tried for making research to know the real market cap of the coin. And these are the things we dey talk every day say make people do research before investing in altcoins. Now if assume dat you no do any research before going ahead to invest then you for regret oh. We thank God for the wisdom you get early.

To everyone.do your own research before investing in altcoins. Because not all the coins that shining will make profit in the future. Na good thing to diversify your investment plans but you have to make good research before splitting your investment please oh. And if not there are some coins dat you go enter dat, you go even lose join with no capital no profit. You lose all. So avoid such in the future.

teamsherry

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One thing I know the forum has always been preaching about is do your own research, and that's what actually saved you,just imagine you had not been here you would have found d your self suffering from a major dump and lose of funds. But I think you did not try as not to inform us about this coin, so we would do well to skip it. Knowledge shared, is a person saved.

Mr.suevie

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Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

Thank God you remember to do some research before carrying out your investment and I must add to this story of yours about the possible bad idea of you wanting to hold that coins for a five year interval, well common man even if the coin was to be in a good shape, there is very tendency for the price to drop again although if you find a good coin then the risk you took would have good because that coin must have topped up maybe by even x10 or even x20 but I doubt you will find an altcoins that can be that much resilience to the bear season dump that eventually survive and pumps up again.

Makus

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This is exactly why we are told to study and do extensive research before buying any coin. Especially newly launched coins with low market cap, currently we have missed multitude of shitcoins in the midst of altcoins, so we you have to be careful when making investment decisions. Aside just shitcoin the rate of scam projects have increased, where some coin were created specifically for the purpose of crashing the coin to price zero after the coin must have gotten enough market cap and investor, that is why I pity those who are after trends without doing their own research. Though researching on a coin those guarantee that the coin might not be a scam project.

Now adays scammers are working tirelessly to make their scam project looks legit like every other altcoins in the market. And I bet that they'll spend enough for the coin to look legit and pass through all the KYC, after which it would be listed in exchanges but after a certain period of time the coin would be no more as it value will crash down. Bitcoin is the only coin you do don't actually need to study extensively before you buy, but there is a need that you do some research so as to build your confidence In holding the coin for long.

Wiwo

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Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

You are looking for a low cap altcoin to hold for five good year's, are you kidding me, anyways thank goodness you never made that mistake, because this could have been a disastrous experience for you in the long run because if you ever want to hold any coin as an investment for the long term, I advise you go for more stable and less pumped and dumped coins like bitcoin and as a newbie, you should start your investment journey with Bitcoin instead of risking your investment on altcoins that may crash at any point in time.

Since it has become a known fact that Bitcoin is the least volatile and has a long-term record of market sustenance, this shows to a large extent to what we can expect.

Churchillvv

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There is this eagerness i see in newbies like me which is trying to meet up with Altcoins because they're unfortunate not to have invested in bitcoin when it was little so this eagerness has led so many to making wrong decision while some are favoured, at the same time some still fail in the process.

You know one good thing about trying is it helps you to gain more knowledge. So I guess you most have learnt through the had way that trying to venture into what you don't know can make you go broke as fast as possible. Experience is the best teach and it most have thought you now. You know one major rule of investment is doing research and you as a newbie should be in line to know this even though your new here because everyday this rule is always talked about.

It's not bad to invest in Altcoins oh but of you are doing it you should be more careful on decision making.
Don't be carried away by this Bitcoiners who has now turn Bitcoin to cult that no coin is worth investing. you most know that there are many opportunities that comes ones in a year through altcoin that you can blow up but be ready to take it's consequences.

Kelward

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As Y3shot, talk, e for good if OP share di name of di coin wey im de talk about, so oda members go de better informed about am, especially fellow newbies, e no too good to raise topic about coin wey no make sense and you come hide di identity of dat coin. Anyway you make a wise decision to research am first before you put your money inside, odawise by now e for don be medicine after death, if you don buy before carrying out research. Although I fear as you say you wan buy altcoin wey go hold for 5 years, as a newbie, na Bitcoin, you suppose buy and hold for dat long term, because altcoins fit to fall your hands before den, unless say you go take your chances and invest in a reputable top altcoin.

OGsmall

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Quote from: Inior on January 31, 2024, 02:26:02 PM

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

Well you are really lucky I do advise people who are new to the bitcoin world should always study the coins to buy when trying to invest. The crypto world is not something you should join to like that without must knowledge of it.

most new people do make such mistakes all the time and it should be corrected I do advise when buying a altcoin coin do make a good research and learn learn about it before investing.

I gist with the way you sounded it was from a bots? And also when investigating you should always learn about the projects and the vision of it this should be the important part

When you are free you. Should just check this website

https://www.investopedia.com/terms/a/altcoin.asp

Barikui1

full member

Activity: 196

Merit: 123

See this year na 2024, anything wey you know say go make you hustle backwards, try avoid am, even though say you be newbie in the crypto space, wetin you sopos do first as you come into the space na to seek knowledge first, because to me it's unthinkable say you go hold alt for five years, abi you no suffer for that money? Wey you wan waste am like that.

As you decide for ur mind say you wan invest in cryptocurrency, na Bitcoin sopos enter your mind first because na him be baba, see no alt coin wey dy good to hold in a long period of time, even Ethereum wey dy try small, I no still trust am, because alt coin dem na just pump and dump be their way, and wetin you need to understand about alt coin is that once dem fall, e dy very hard for dem to rise, so i for advice, you you use that money buy Bitcoin, even though na Small small, weekly or monthly, so that this bull run opportunity wey dy come no go pass you

Y3shot

full member

Activity: 560

Merit: 161

I think it would have been best if you mention the name of the coin to also save some people from falling into the trap of investing into the wrong coin. Their are so many scam coin in the market, it is important for people to be careful when making decisions to invest in altcoins. Buying coin very cheap to invest should not be the reason why people must go for these altcoins. Their are still good reliable cryptocurrency that one can still invest and make profit by hodling.

Inior

jr. member

Activity: 53

Merit: 6

I almost made a bad investment decision today, i was at the verge of investing on a low value market cap altcoin not to mention the name.
I was just searching for a coin that I can invest a little funds on to hold for the next five years, I had already picked up my phone to complete transaction before it occurred to me that I should always make informed decisions, it was then I found out that I was just carried away by the price of the coin ☺️, with this conciousness I decided to do a little research and analysis, I found out that the coin is on a massive decline with a strong double top pattern heading towards the neckline ,which is a strong indication of a future down side move. So in cause of this experience, I learnt a very important lesson , always do an in-depth research and analysis before committing funds to an investment decision.

Topic: Almost made a bad investment decision today 🥺🥺 (Read 636 times)