Newbies are usually the victim of this scenario because they are not careful on where to invest their money.
Nowadays its rare to see a genuine project when it comes to ICO, that's why its better to invest in well-established coins rather than buying a token that promising a spike in price after get listed in exchanges.
Have a research, that's how you're going to gain knowledge about crypto and to prevent yourself ending up in coins/tokens that might be delisted in exchanges.
Topic: Becareful where you invest your money (Read 205 times)
Fairly say, there are projects today (talking about the ICO from 2017-2018) that still working on what they delivered promised to their investors.
The number of those projects is relatively small compared to those who run an ICO and fail or run away after that.
ICO is definitely risky, I'd rather buy their tokens on the exchange unless it was an IEO backed by a strong exchange like Binance which would always bring hype.
To newbies trying to invest in new coins and tokens I want to use this opportunity to warn you guys ,look very well before you leap, make sure that the coins and tokens you invest in is backed by a working product.
Fairly say, there are projects today (talking about the ICO from 2017-2018) that still working on what they delivered promised to their investors.
However, no doubt that here in the crypto world, a working product really doesn't dictate what will be the future of those projects. Those who invest or put money on ICO only has one goal, to make profits in return for a short period of time whatever the product is.
I really don't recommend to any newbie out there to put money on something they didn't know. Just stick with BTC while on their early phase dealing in crypto world. Just step into another level of risks if they truly understand what they are doing.
In my opinion newbies should invest only in Bitcoin.
good advice... as a newbie, one should begin investing in bitcoin to learn more about crypto after knowing more about crypto, they can try investing in other altcoins or ICOs
investing in bitcoin, altcoins and tokens are way riskier than other financial investment products
so investing in bitcoin as the major leading crypto currency would be a good practice in crypto world
This is the wrong decision of most of the newbies, they intend to invest and encouraged to invest to new coins.
They are all thinking the same that from cents of price it will go as high as hundreds to thousands just like what happened to bitcoin and ethereum.
They are all thinking the same that from cents of price it will go as high as hundreds to thousands just like what happened to bitcoin and ethereum.
But sometimes, even how the community spread good advice, suggestions, ideas, knowledge, and recommendations about investing money, a newbie will always be a newbie disregarding those and will just jump into something to a purpose of making a quick $$$ BTCBTCBTC. An ICO hype for example really attracts those greedy newbies.
No doubt that a person will just fully learned and understand the risks if they will experience itself being busted.
Even I don't like that to happen, that's the reality and I see that's better since the majority of those losers wakes up and understand everything because of that experience. From there, they now know what to do.
To newbies trying to invest in new coins and tokens I want to use this opportunity to warn you guys
I second that. Lately watched Andreas Antonopolous video in which he stated that 99% of ICO's are scams. This was huge problem, now its a little better, people learned on theirs mistake sadly but they did. Less and less people fall for ICO scams.
General rule? Stick to Bitcoin
That's what happens when volume is too low for a pairing and that's also part of the risk of investing in extremely low marketcap and volume coins. Seems to me the exchange mentioned in the screenshot you took delisted the coins for having too low volume.
Even when you're targeting smaller coins to buy in you should still be looking for adequate volume and you should also be doing your research on the activity and events that are coming up for whatever you're buying to ensure you aren't buying into something dead. Either way, this is high-risk stuff and the reward isn't always great.
Even when you're targeting smaller coins to buy in you should still be looking for adequate volume and you should also be doing your research on the activity and events that are coming up for whatever you're buying to ensure you aren't buying into something dead. Either way, this is high-risk stuff and the reward isn't always great.
I think your first mistake was using an exchange which is completely unheard of, has a daily volume of only $80,000, and lists a bunch of completely unknown and useless altcoins. I mean, if you look at their coinmarketcap page here (https://coinmarketcap.com/exchanges/graviex/), I haven't even heard of most of these coins/tokens. Pirate Chain (ARRR)? Seriously?
There are far too many exchanges like this which will list absolutely any old trash, if it means they can take a cut of the trading fees. Just because a coin or token is on an exchange or two, doesn't mean anything regarding whether or not it is a good project or has a working product. Newbies should stay away from ICOs, IEOs, and trash coins like these, and just stick to bitcoin.
There are far too many exchanges like this which will list absolutely any old trash, if it means they can take a cut of the trading fees. Just because a coin or token is on an exchange or two, doesn't mean anything regarding whether or not it is a good project or has a working product. Newbies should stay away from ICOs, IEOs, and trash coins like these, and just stick to bitcoin.
In my opinion newbies should invest only in Bitcoin.
Actually, most of people should invest only in Bitcoin.
There are some other good projects around, such as Ethereum, which are proposing an interesting technology. However, to understand and being able to device what is a good and interesting technology or innovation you must have some years of experience here.
Actually, most of people should invest only in Bitcoin.
There are some other good projects around, such as Ethereum, which are proposing an interesting technology. However, to understand and being able to device what is a good and interesting technology or innovation you must have some years of experience here.
To newbies trying to invest in new coins and tokens I want to use this opportunity to warn you guys ,look very well before you leap, make sure that the coins and tokens you invest in is backed by a working product.
If you don't know what happened to not too strong coins and tokens please take a look at my screenshot
https://imgur.com/a/w5cgrQF
I was a victim of omencoin and peepcoin when I was still a novice in crypto space ,these coins arent strong enough that's why they getting delisted. Take your time on learning first before anything else and you won't suffer the fate of many investors.
If you don't know what happened to not too strong coins and tokens please take a look at my screenshot
https://imgur.com/a/w5cgrQF
I was a victim of omencoin and peepcoin when I was still a novice in crypto space ,these coins arent strong enough that's why they getting delisted. Take your time on learning first before anything else and you won't suffer the fate of many investors.
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