Topic: Before I Invest With Cryptoqurrency? (Read 2276 times)
Investing in crypto-currency currency is very risky mostly due to the issue of scam and failing projects.So I will suggest that one has to careful before investing in any crypto-project.The best thing is to have knowledge of the team,their roadmap and most importantly going through the white paper.
You mean you are aware of advanced hardware wallet? Because when I conducted own research, I've found all solutions being very similar, so I couldn't find any unique one. And if you are aware of such, I am really interested to hear your recommendation
The most advanced and real product I am aware of is GetHashWallet - in few words, secure and private hardware wallet with ease of real world usage. What attacts me here - the wallet itself is non-programmable, simple and secure. And team had fundraising campaign on Indiegogo along with product being arrow certified. So I definitely recommend you to have a closer look at the website to explore more
Controversial. Because it also requires much knowledge to choose a truly worthwhile hardware wallet. But it seems that I am done with it finally
You mean you are aware of advanced hardware wallet? Because when I conducted own research, I've found all solutions being very similar, so I couldn't find any unique one. And if you are aware of such, I am really interested to hear your recommendation
Well, I would say that the only reasonable alternative that comes to my mind is hardware wallet. You disagree here?
Controversial. Because it also requires much knowledge to choose a truly worthwhile hardware wallet. But it seems that I am done with it finally
Yeah, this is the point I have noticed. But what is the other way? I mean are you having other options in mind?
Well, I would say that the only reasonable alternative that comes to my mind is hardware wallet. You disagree here?
Good evening everyone. The thing I have noticed these days - there is increased risk of funds being stolen because of the attack on the exchange or so. And unfortunately, there are more attacks on exchanges nowadays
Yeah, this is the point I have noticed. But what is the other way? I mean are you having other options in mind?
Good evening everyone. The thing I have noticed these days - there is increased risk of funds being stolen because of the attack on the exchange or so. And unfortunately, there are more attacks on exchanges nowadays
It is almost impossible to find good project that is not Binance IEO. All other projects are struggling to collect enough money, exiting scam or quitting in any other way. Invest in IEOs on big exchanges and you won't miss.
Indeed, if you can good projects always, so sad these can't reach enough investors because they have no big exchanges. Binance is a world top ranking cryptocurrency exchange this is the big promotion for any project than everyone will jump to investment that's it. A lot of projects success in other reliable exchanges Ferrum Network from BitMax, Colleterix in OkEx exchange these are just example.
I think some of your ideas are important when someone decided to invest in the cryptocurrency-related investment. but we must admit that no matter how we are prepared, sometimes shits really happens that beyond our control, in that case, acceptance is the only solution to avoid, stress that's why it's better to observe extra precautions while investing in cryptocurrency.
Investing in crypto is a bit scary, I have been investing here for 3 years, and starting a new one since 2019, I bought BTT and got results, but in Waves I was stuck and still holding Waves for 4-5 months without profit I think some of your ideas are important when someone decided to invest in the cryptocurrency-related investment. but we must admit that no matter how we are prepared, sometimes shits really happens that beyond our control, in that case, acceptance is the only solution to avoid, stress that's why it's better to observe extra precautions while investing in cryptocurrency.
Its a helpful tips from op but yes shits happens and we must be prepared for it, even we did our best to avoid failing with our investment sometimes losing is inevitable and its part of the risk that we have to take.IMO popular coins are way safer to invest compared to new ones regardless how promising it is. In well established coins we have assurance that our money has a possibility to grow though still its not 100%. Other investors prefer to invest in new coins because of the cheap price and solid team but I have my own way to spot a coin that has potential.
I think some of your ideas are important when someone decided to invest in the cryptocurrency-related investment. but we must admit that no matter how we are prepared, sometimes shits really happens that beyond our control, in that case, acceptance is the only solution to avoid, stress that's why it's better to observe extra precautions while investing in cryptocurrency.
here I will give advice to you, do not invest in projects by doing ICO, it will be in vain, you can buy IEO in Binance,
I have participated there 2 times and made a profit
I have participated there 2 times and made a profit
I have been investing for a long time only in cryptocurrency companies that conduct IEO on top exchanges like binance, huobi, gate, kucoin and in companies that conduct ICOs, I don’t invest at all because these companies are almost all scam, I also invest in top altcoins and therefore I don’t losing my investments.
You got it pretty right, before I invest I seriously to check team performance, some projects do not even follow road map sequentially as they do jump just to meet up or entice Investots, so I follow them from grassroot but as you said, investing in an old projects that has tested time is very good.
This thing is definitely a way to avoid that kind of scams. But, the only problem is some of the investors are lazy to check those kinds of information and especially the newbie who is prone to this situation. We all aware that scam is everywhere so it is responsible to make own research because once you forget this thing I'm pretty sure that you will gonna lose some of your money. Do not ever fall on some people who will invite to invest(especially if they are unknown people) and to all newbie out there be careful where you invested your money and if are new to this kind of investment try to stick with the top-performing cryptocurrencies or visit the Coinmarketcap to see the ranking of every cryptocurrencies.
this requires complex research, sometimes the team manipulates the situation very well. they upload photos of their activities on social media even though they don't really do that.they do it to attract the attention of investors.
That's true that they can even manipulate the information. Then, make sure you will use the good exchange like Binance exchange and there's some trading platform that scams like they will manipulate the volume that's why you need to be careful about choosing coins and trading platforms. Even it required complex research still put some of your time and effort on doing it because it is also for your safety ness especially in your funds.
These are good things to consider when investing in cryptocurrencies. We can call it the basic standards. I’d stress the importance of seeing both the integrity and the technical capabilities of the team. But to make sure that the crypto project will remain relevant in the future and not just be a Bitcoin or Ethereum copycat, try to understand if the crypto project addresses a specific pain point or if there is a market need for it.
1. Check the overall contents of the project such as a team, road map, white paper, etc.
2. Check various features offered by the project such as privacy coins or decentralized coins.
3. Check how valuable the coins are or compare with other more popular coins. if the coins have potential, of course have a multi-professional team & the volume of coins always increases.
4. To be honest, the best coins to invest are the top coins or have been listed in the top 10 at CMC.
5. I suggest you invest in established coins rather than looking for very young and newly planted coins to invest.
I say this because I personally don't have a high risk appetite, so it's better to invest safely ..
how about you guys?
2. Check various features offered by the project such as privacy coins or decentralized coins.
3. Check how valuable the coins are or compare with other more popular coins. if the coins have potential, of course have a multi-professional team & the volume of coins always increases.
4. To be honest, the best coins to invest are the top coins or have been listed in the top 10 at CMC.
5. I suggest you invest in established coins rather than looking for very young and newly planted coins to invest.
I say this because I personally don't have a high risk appetite, so it's better to invest safely ..
how about you guys?
what you suggest is true, because now there are many altcoin whose prices don't increase and even has a low volume, so investing in altcoin that are in the top 10 at CMC is the safest, because surely the volume is very high and of course the price will definitely increase, therefore I agree with what you suggest.
1. Check the overall contents of the project such as a team, road map, white paper, etc.
2. Check various features offered by the project such as privacy coins or decentralized coins.
3. Check how valuable the coins are or compare with other more popular coins. if the coins have potential, of course have a multi-professional team & the volume of coins always increases.
4. To be honest, the best coins to invest are the top coins or have been listed in the top 10 at CMC.
5. I suggest you invest in established coins rather than looking for very young and newly planted coins to invest.
I say this because I personally don't have a high risk appetite, so it's better to invest safely ..
how about you guys?
2. Check various features offered by the project such as privacy coins or decentralized coins.
3. Check how valuable the coins are or compare with other more popular coins. if the coins have potential, of course have a multi-professional team & the volume of coins always increases.
4. To be honest, the best coins to invest are the top coins or have been listed in the top 10 at CMC.
5. I suggest you invest in established coins rather than looking for very young and newly planted coins to invest.
I say this because I personally don't have a high risk appetite, so it's better to invest safely ..
how about you guys?
I agree with points no. 1, 2 and 3, but I do not agree with points no. 4 and 5, because in my opinion if we want to get a big profit from investing in cryptocurrency then we better invest in altcoin which is still new and not yet in top 10 coinmarketcap, because if altcoin has a good project then I'm sure the price can increase by more than 500%, but what we need to do is be patient and choose the right altcoin (the project of altcoin always has progress).
New projects are been created to fix the issue of old coins this is why i think its better to always give new projects chances if they are solid enough, if you don't like taking risks then you are better off with old projects, for me i like taking big risks
Nowadays number of new projects are enter in the market but few only rapidly going to moon so it reduce the peoples expectations. I think mainly everyone concentrate the top exchanges listing tokens and coins so still all are like to take big risks. But top 10 altcoins are forever trusted platform in crypto market.
You have some good points and it is worth applying before investing in this cryptoqurrency industry. and maybe I will only add a few points about the background of the project team & developers, if they have a long history about the project, have extensive knowledge and have a good reputation in managing the previous project. at least this can also affect the good or bad of their project.
1. Check the overall contents of the project such as a team, road map, white paper, etc.
2. Check various features offered by the project such as privacy coins or decentralized coins.
3. Check how valuable the coins are or compare with other more popular coins. if the coins have potential, of course have a multi-professional team & the volume of coins always increases.
4. To be honest, the best coins to invest are the top coins or have been listed in the top 10 at CMC.
5. I suggest you invest in established coins rather than looking for very young and newly planted coins to invest.
I say this because I personally don't have a high risk appetite, so it's better to invest safely ..
how about you guys?
2. Check various features offered by the project such as privacy coins or decentralized coins.
3. Check how valuable the coins are or compare with other more popular coins. if the coins have potential, of course have a multi-professional team & the volume of coins always increases.
4. To be honest, the best coins to invest are the top coins or have been listed in the top 10 at CMC.
5. I suggest you invest in established coins rather than looking for very young and newly planted coins to invest.
I say this because I personally don't have a high risk appetite, so it's better to invest safely ..
how about you guys?
I agree with your opinion about investment because now there are so many ICO projects that cannot guarantee the return on investment that we do in a new project. so the risk we receive is greater than our investment in established altcoin. so many new projects now that fail to reach the sales target or softcap because investors prefer established altcoin over new altcoin and the risk received is smaller.
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