Topic: Be careful when it comes to New crypto coin investment. - page 2. (Read 432 times)

My brother, for this our country, currently majority wan take their chances, that's why once new thing wey relate to making money just pop out you go see say people go just dey rush into am regardless of whether eh legit or not, some no even care to do research about am so far say eh pay the next man, dem go see am as opportunity. All those airdrops no be wetin people suppose dey put their hope on to make money for Cryptocurrency because no be all legit, some of them na scam organisations dey run am that's why at some point when some of those airdrops projects they about to launch, them go dey ask people wey dey mine am to pay for gas or tx fees to claim am. These ongoing projects for Telegram done teach me say many people for we country  dey so ignorant about Cryptocurrency dem dey only go mine airdrops cause them feel say them go fit make money through am  and funny enough eh get people wey still dey refer to those projects as Bitcoin, my brother I laugh when I hear person call hampster Bitcoin. That's why as Cryptocurrency enthusiasts wey done dey informed about Cryptocurrencies at large to an extent eh go make sense say make we dey enlighten those ignorant people when we come across them so them no go make mistakes or fall victim to scam activities all in the name of making money through Cryptocurrency.

The truth be say no matter how you teach people about scam project and coin, the greedy ones go still fall for am even the people wey dey coordinate the scam coin them know this matter too. As e be say the coin dey related to the celebrity name, their fans and investors go surely go after am because them believe say the token go get value not knowing say na trap be that. As soon as the coin just increase in value, the key celebrities wey dey involved  for the show  go don sell their own quota leaving their fan base to no penury.  Na newbies dem wey no want to hear and see the wrong dey always fall for these scams them.

Every oma for himself. They no dey advise person wey want better thing for him life two times. The thing be say, many people wey they fall for that new coins na people wey they hear say cryptocurrency the profiting. Especially after those airdrops wey come out many unbelievers con believe for crypto projects well well. We remember say e get the time wey be say people no believe say airdrop fit pay but now the trust for paying airdrops done increased and the thing done still make people they do things blindly.

As ah they always talk am, we go always they accountable for anything wey we do, no excuse whether we be beginners, intermediate or professionals. These days anything wey we see online, make we do better research for that thing. To get money for this country no be bobo juice. E no go come make sense say persons just come from now where promise us heaven we believe they put our money inside. Nothing come free in this life, there must be a trade and the earlier people understand this the better for them.

We should be careful on who to listen to when the projects are being advertised, reading projects whitepaper and roadmap and verifying on whether the roadmaps are tangible enough and are being achieved or if it's just a hype. Influences have really done great harm to people. They utilize their huge following on social media to make their money at the expense of their followers.

Another mistake people make is presale purchase of tokens, This should be seriously avoided since most recent projects launch far below their presale price and gives it investors terrible loses upon launch.

For me, the safest thing to do now is buying and holding Bitcoin. The crypto space is very victimizing currently and getting scammed is easier now, so in Bitcoin and it's holding I trust.

e no de pass like that oh. Most altcoin expecially those ones when be say na celebrity bring am up na just for the profit of the person when bring out the project and nothing more. Talk about $DAVIDO coin or the token when Trump and him people de bring out, all na that kind pump and dump stuff and the way e de normally be na say dem wan use Thier influence pump the coin and if you know de careful enough to come in when e de hot and exit as fast as you can, you go kuku learn your lesson the hard way.

Some lucky ones de when still benefit from these new coins oh but it takes experience and luck to benefit from them and na why e no de advisable make newbies carry themselves enter that kind stuff because e go spoil thier entry into the crypto space. If your mind never touch ground and your money no long like that such that if you invest into these coin and all your money go like that, e go  worry you, e make sense make you wash your hand comot for the matter when gat to do with new coin.

New coin will Come and go but Bitcoin no de go anywhere anytime soon. People de talk say the reason why some of them no too like to invest in Bitcoin na say e de take too much time before Bitcoin go pump forgetting that the same way when most of those coin de take pump na the same way when e de take also dump. If your mindset no be that kind when de follow every ponzi scheme when de trend, you go focuse on Bitcoin leave every other coin that comes as a major distraction.

Plenty coins now na Wetin dem Dey do be that, na teams just Dey use am scam people, na why if we Dey make investment, the best thing na to invest in Bitcoin, but we know say plenty people now get interest for altcoins, even as we know say the risk Dey high, so if anybody wan invest altcoin, make dem make sure say na strong altcoins dem Dey put money, d ones wey don Dey crypto space for long time, but all dis new projects me I no Dey advise anybody make him put money ooo, but mostly now na project wey fit make people Rich quickly dem Dey look for, and dem believe say na from all dis new projects dem fit get am.

I see as d thing Dey trend for twitter that time, I no just come hear about the coin again, I know say bad thing don happen. We no suppose Dey follow our celebrities blindly, anything wey dem talk, we no Dey even care to do our research, we go just do am, and Dey don’t even care about their followers, they only care about Wetin go enter their account.

After devido launch him own coin, other celebrities also launch now like Sabicoin, that one na sabinus get am, and Jotta coin wey be say na brainjotter get that one, and all no really end well.

You said the fact. But many newbies won’t believe they need quick money and they think crypto space will do that for them; they don’t know is only bitcoin worth investing in crypto that will give you peace of mind. Many of them think since bitcoin is not pumping the way they see other shitcoins are pumping, it is not worth investing; they don’t know they are misunderstanding it. The best thing for them is to invest in bitcoin and hold for a long time; they will get a huge return, as they are told, but they don’t want to wait for that long. That is why they get scammed by all these shitcoins. 

New coins as all altcoins alike are 100 % volatile and Risky. Getting into it you need to be a gambler and have a certain amount of luck to yourself because in a day it can go 100x gain or 100x loss. As a newbie it’s not adviced to meddle with Altcoins ( Na who get mind go still push hand).
But in some cases proper analysis and follow up on the activities of the  developers can help you cash out by knowing when to Buy or sell.

When you tell newbies to avoid investing in any other coin they don't want to hear and until they have invested and they didn't get anything or it crashed then they will know the value of the information they have been given for free to invest in bitcoin, bitcoin have more guarantee when it comes to investing in any other coin but no they want a coin thay will do 100x for them and some of them are ready to chest the risk that it comes with so those are all part of crypto but some risk need to be considered reasonably.

Majority of does pump and dump coins always have a good hype and you see a lot of people investing in it and at the end of the day after investing seriously, then you will be waiting to get a good return but eventually when you don't get any money in return that is when you will know the value of investing in bitcoin, because their is a kind of lose you will record them you will know how important the information is.

The moment you understand the kind of business that cryptocurrency is then you should be aware that is not a get rich quick scheme.

Make newbies for the cryptospace avoid any coin wey no be bitcoin, only if you luke to gamble with the little funds wey you get to use invest. The reason be say those altcoins, majority of them na pump and dump projects wey the dev create to use scam greedy and self centered people who won get rich over night from project wey no get foundation. Cryptocurrency no be get rich quick scheme, and the best way to benefit from this space na to buy bitcoin and hodli for long because investment dey take time before e ripe.

Sometimes when we dey caution newbies say make them avoid altcoins investments, e go belike say you be enemy of progress or you no want make them hammer for the crypto space. When you tell them to buy bitcoin and Eth, them go tell you say those coins no dey volatile enough. Them want the one way go do x100 so them see huge profit. This kind people no be who them dey pity when market crash for their head, people way buy $davido no see mouth to complain till today say them scam them.

A good crypto investor way dey in search of altcoins or memecoins to invest gat know say all these musicians their coins na targeted rug pull projects through a pump and dumb mechanism. Buying any coin because it's owned by your favourite musician na the dumbest way of reasoning anyone for this industry go go with because the end be say nah your loss.

Normally the current pattern now wey them done the use put coin for the market searchlight na through hype, mostly paid hype by influencers and any person wey fail to run him own research about a new coin coin before delving into it na him sabi. Anything him see make him collect. However, even if the coin appears to be genuine na to just make sure to enter with money you fit careless to lose just in case . The same way wey new coins na fast way to take make huge profit nah so it take still be same way to take loss huge money faster.

If you wan they fine big profit you go always they fine coin way you go dy gamble your money with, if not aside from say this influencer nah musician abi anything way dem believe say them be watin concern dem with crypto currency if no be to look for way go exploit there fans.

Any coin way be say eh no get any better use case aside from the hype way the influencer way they promote am they hype am or the paid YouTubers way they talk about am such coin and token nah Watin person really need to avoid because the end no they always come out positive.

That is why it’s not advisable for you as a beginner to always engage in shitcoins because you will always regret it. Moreover investing in shitcoins is one of the most risky act in crypto space and in most time you will always lose instead of gaining. Talking about Davido’s coin  that is a scam project, everyone knows that. That is why a lot of people that have been in the crypto space for a long time didn’t even invest or buy the coin, because he use his popularity to scout money from his fans and those that trust him, which what end up happening will affect him. In other ways most victims of the crashing of the coin will never trust him again.

So the best thing to do is to stay away fro all those shitcoins and focus on popular coins that you will hold for a longtime and gain your profit.

This days a lot of people done they bring out crypto coin and majority of the people way they bring out this crypto coin just they do am to exploit other people, them go lunch there personal crypto coin then put there money inside con make public advert so people go come buy am and as soon as people don come buy the value of the coin go they go up as soon as the coin reach the kind price way them like them go con sell off there own coin and as soon as they sell am off the value of the coin go drop and some people go lose money and them go gain and one thing about this kind thing be say na them they always be the highest holder of that coin so if them just sell off there coin e go just drop for value.
If we go fit remember when davido lunch en coin way them they call davido coin, as soon as en lunch am en come make am know to everybody using his social media account's, a lot of people rush go buy am na so the crypto coin con  dey grow in value and price before we no watin they happen davido sell off all en coin way en they hold na so the value of the coin just drop, davido make huge profit from that thing way em do, some people way really get the knowledge of cryptocurrency way also don dey inside crypto business for long follow am sell too con gain, the rest people way no they fast to sell there davido coin loss there money.
So they very careful with all this new crypto coin way them dey lunch, a lot of the people way they lunch them won just con exploit people, e go better say you focus on old coins like Bitcoin and ethereum to avoid losing your money.