Bought £700 worth of a cryptocurrency I don't know much about, is this moonshot?

jrrsparkles

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Quote from: hamu3l on June 17, 2021, 12:33:07 PM

Hi everyone.

Recently I aped (full degen) $CAVA (UNISWAP) after seeing some advertisements. Anyone else involved in this project or know the direction?

https://www.cava.finance/

Thanks in advance if you know much about ETH blockchain or this current project!

Check the current price on the exchange where you bought it, and there is no chance for such projects to get into a reputed centralized exchanges so we can't tell how much actually the price is now, or it can ve even zero which means you got scammed.

Never invest on a project if you don't have any knowledge about it.

tulusikhlas

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Quote from: ?? on ??

tokens with a very large supply, I don't trust or doubt projects that have this kind of supply, you are new here and immediately buy hype tokens like this, I doubt this but if you insist it's your choice, you should start with top coins on coiningekco /cmc.

I am even more amazed by those who continue to invest money in meme coins and hope to make a big pump. As we see the current phenomenon, Meme coins are no longer popular and have been abandoned by investors due to the risk of dispossession resulting in loss of asset value. everyone should go back to Bitcoin and forget about meme coins. only BTC is a safe way to save money in the future.

unusualfacts30

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You could diversify that 700 into different alts rather than sticking into one. This would've lower your risk to reward ratio. I've checked their website and they are listed in small exchanges. so you can see a nice return when they get boosted to bigger exchange. Always speak to the team to familiarize yourself with their vision and what they have for the future.

just be careful going all in one coin you're taking larger risk.

NewRanger

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Quote from: richcorner100 on June 22, 2021, 06:31:44 AM

I prefer to buy BTC or ETH than this shitcoin. When the market dumped just like nowadays is very small chance this token will recover, but for BTC and ETH is high probability the price will recover, even possible surpass ATH because of high fundamental and huge ecosystem.

looks like OP want to speculate with his money into unknown project. we often to see many coins suddenly soar extremely only in few weeks, and maybe due this reason OP want take this moment too. but unfortunately OP trapped in advertisements which is need more research to find project quality.

Quote from: no-ice-please on June 24, 2021, 07:32:20 AM

I wonder why OP buys a coin that he doesn't really know in the first place? What is the reason to buy a coin that you have no clue about?

Isn't it than better to register with an online casino and just put all your money on black in roulette? That does at least give you a close to 50% chance to double your money. What is the chance that a coin you have no clue about will double your money? Probably less than 50%.

i see he is trapped by advertisement in any site but didnt research and screening again about this project.

no-ice-please

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Quote from: richcorner100 on June 22, 2021, 06:31:44 AM

I prefer to buy BTC or ETH than this shitcoin. When the market dumped just like nowadays is very small chance this token will recover, but for BTC and ETH is high probability the price will recover, even possible surpass ATH because of high fundamental and huge ecosystem.

I wonder why OP buys a coin that he doesn't really know in the first place? What is the reason to buy a coin that you have no clue about?

Isn't it than better to register with an online casino and just put all your money on black in roulette? That does at least give you a close to 50% chance to double your money. What is the chance that a coin you have no clue about will double your money? Probably less than 50%.

richcorner100

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I prefer to buy BTC or ETH than this shitcoin. When the market dumped just like nowadays is very small chance this token will recover, but for BTC and ETH is high probability the price will recover, even possible surpass ATH because of high fundamental and huge ecosystem.

no-ice-please

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Quote from: Saisher on June 19, 2021, 09:05:39 AM

Quote from: hamu3l on June 17, 2021, 12:33:07 PM

Hi everyone.

Recently I aped (full degen) $CAVA (UNISWAP) after seeing some advertisements. Anyone else involved in this project or know the direction?

https://www.cava.finance/

Thanks in advance if you know much about ETH blockchain or this current project!

You are not so sure about your investment because you are asking here and wants validation that you did the right thing, this is a wrong mindset, when you have done diligent research and invested in the project, then you should stop asking if you did the right thing and just follow the development of the coin you've invested and support it if you are not comfortable might as well dump it.

Well, there is nothing wrong to gather some input from a knowledgeable community, which some of the Bitcointalk members are. In most cases some more information can't hurt. There is always something that somebody may know which you don't.
Of course you shouldn't make your investments solely based on the opinions of others, but this place is here to get some more input to what you already have yourself.

Flowzer

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Quote from: palle11 on June 19, 2021, 08:57:52 AM

Learn not to invest your money in such a project you can't determine what the team is up to. Moreover is a big money that you have involved in it for a project of such not listed in a reputable exchange. Your enquiry here when you have already invested is not a wise idea. Make research first before you get your money in.

Agree, nowadays many project are easily listed on some Dex exchanges and put fake liquidation there to have a rug pull after some investor trapped on their trap.
Becareful for this issue, follow some topic about the project first before decide to invest on it.

RealMalatesta

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Quote from: hamu3l on June 17, 2021, 12:33:07 PM

Recently I aped (full degen) $CAVA (UNISWAP) after seeing some advertisements. Anyone else involved in this project or know the direction?

This is basically the way people invest into things these days, doesn't make any sense to me at all but there are way too many people who does those things. I really do not think that you should have bought into something without really knowing what it is. I personally never invested into something that I researched like crazy, it really is the only thing that I could do in these type of things because there is no logic to invest without knowing every word in the whitepaper/documents of the project.

This is not something you did and if anyone of you ever invest into something just because of hype then you did the same thing as well, it is a mistake and sometimes it does profit that is true because you get lucky but that doesn't mean that it should be something you could profit all the time, 90%+ of the time you will lose money if you do not research.

Mpamaegbu

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Quote from: hamu3l on June 17, 2021, 12:33:07 PM

Thanks in advance if you know much about ETH blockchain or this current project!

You just put the cart before the horse, instead of the other way round. A whopping £700 on a project isn't a small money to be thrown into a project without making proper investigations on the project. If you must ask others about a project, do that first before investing in it. I wouldn't take such risk if I were you.

Quote from: palle11 on June 19, 2021, 08:57:52 AM

Learn not to invest your money in such a project you can't determine what the team is up to. Moreover is a big money that you have involved in it for a project of such not listed in a reputable exchange. Your enquiry here when you have already invested is not a wise idea. Make research first before you get your money in.

Exactly my point too. I wish OP had done the DYOR stuff pre-investing than post-investing.

tokoorochan

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Quote from: ?? on ??

tokens with a very large supply, I don't trust or doubt projects that have this kind of supply, you are new here and immediately buy hype tokens like this, I doubt this but if you insist it's your choice, you should start with top coins on coiningekco /cmc.

mostly this kind project only take advantages for their self, and ignore to investors if this project will be shitcoin or maybe scam. project with huge supply and no utility or usecase should not get our money, its purely speculation project for developers team itself. just look at existing project, are there of them still survive till now on? its better to invest our money into major coins in top 100 cmc.

ene1980

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If you start investing in cryptocurrencies just because you saw some advertisement then you will not trade in the market for a long period of time because you will be burning enough money so that you will never return again to try your luck. I am not aware of the project in which you invested and there are literally thousands of new coins coming out monthly and it is hard to follow everything.

Before investing you need to learn about them, check out their team and lean about their plans and if you are convinced that they will deliver then you can invest and i am not sure how much time you spend to research about them before investing.

santiPOGI

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I don't have idea about this one, But according to what I understand on this one, it is not good dude.
If you want to make sure about the coin you like to buy or invest better for you to invest coin that is
one of the top listed in the market, at least with it you are sure that your investment has a chance to earn
good in the future.

Fortify

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Quote from: UKprod on June 17, 2021, 02:42:35 PM

CAVA sounds a lot like KAVA which is a genuine finance/lending/borrowing crypto project. So this itself is a red flag for me, because CAVA seems to be banking on KAVA's popularity. Further, the logo is a dog which looks like it is trying to copy dogecoin. It just seems to be gaining on the popularity of other blockchain projects.

While the project does seem novel with involvement of charity, I would really not claim it a moonshot since there are many blockchain projects working on charity and this is nothing new.

Everything you say is true, however it is worth considering that it's getting harder and harder to come up with original brand names these days. It can be two business founders that have never heard of the other, may live in different countries and it could have totally different meanings in other languages. Every altcoin is banking on the popularity of previous blockchain projects - the original and greatest will always be Bitcoin. I'm actually skeptical that involving charity is necessary, as it seems to send mixed messages on what it will be used for and sometimes sending money to charities can be abused. A cryptocurrency should not include that, it should instead be purely built around business or personal transactions, with the owner donating entirely separately as they choose.

Saisher

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Quote from: hamu3l on June 17, 2021, 12:33:07 PM

Hi everyone.

Recently I aped (full degen) $CAVA (UNISWAP) after seeing some advertisements. Anyone else involved in this project or know the direction?

https://www.cava.finance/

Thanks in advance if you know much about ETH blockchain or this current project!

You are not so sure about your investment because you are asking here and wants validation that you did the right thing, this is a wrong mindset, when you have done diligent research and invested in the project, then you should stop asking if you did the right thing and just follow the development of the coin you've invested and support it if you are not comfortable might as well dump it.

palle11

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Learn not to invest your money in such a project you can't determine what the team is up to. Moreover is a big money that you have involved in it for a project of such not listed in a reputable exchange. Your enquiry here when you have already invested is not a wise idea. Make research first before you get your money in.

babygun

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Activity: 2170

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Quote from: shinratensei_ on June 17, 2021, 09:31:55 PM

https://www.coingecko.com/en/coins/cavapoo You meant about this coin, right?
This is a garbage coin dude and so you have invested your money without try to did any research before? it sounds like you are gambling your money without know what coin that you have used it to gamble.
that's the same like another garbage coin

With some luck this shitcoin can still go the moon but chances are 99.5% that it will be: bye bye money lol.
I also invest sometimes in a shitcoin in the hope to score some quick profit, but my maximum input is always 50$ or lower.

enawati

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Why bought tokens that have high risk? I think this is bad decision by using alot of money. This is new tokens that similar or copy other project. This tokens only listed in unpopular exchange with very low trading volume. Dont take too much risk, and for the better choose high cap coin which all of them now in the bottomed price.

worle1bm

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Quote from: hamu3l on June 17, 2021, 12:33:07 PM

Hi everyone.

Recently I aped (full degen) $CAVA (UNISWAP) after seeing some advertisements. Anyone else involved in this project or know the direction?

https://www.cava.finance/

Thanks in advance if you know much about ETH blockchain or this current project!

So you decided to invest €700 in the project or memecoin for which you have no prior knowledge?You just look at advertisement and invest and now asking about its details from others? This is one of the worst strategy for trading speaking frankly dude.These days many memecoins or so called doge killers are in the market being pumped by whales to scam you of your funds. Don't bother to invest in them as they will give you nothing in the long run.

Moreover it was launched on 1st June this month and with 10 quadrillion supply out of which 5% will be burned monthly 3% rewards for each transaction doing charity and other.Sound lucrative to investors but in reality they have no utility so best advice satu away from such coins.

leea-1334

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I have never heard of this unfortunately,,, and of course I do not keep up in these deficoins at all so I would never have heard of even a good project if it came out.

Be wary even yesterday supposedly stable and secure defi coin went to zero. Rug pulls all over the place and from a glance this looks exactly no different from all other defi projects. Put money in. Earn APY. Where is the value of that?

FairUser

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I think if there is a chance to get rid of it then you need to do it. This coin looks rather forgettable and looks like it is evolving in the direction of the meme that a lot of new projects appear that are still active. But if they have a team and a plan, it also needs to be considered, the problem is why when you don't understand it and still decide to buy it, take a look at yourself and don't turn your money into other meaningless things.

hugeblack

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Looks like a meme like Dogecoin I decided to buy it. Wink

The design of the site is not professional and there are no technical details about the currency, but a lot of promises.
I will not be surprised if you are part of the team and trying to get free advertising because there is no logical reason to invest in this project.
In general, they plan to burn 5% of the supply per month, and this percentage is very frightening and makes the price of the currency very volatile.

meanwords

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You bought a cryptocurrency you don't know about. From the other comments alone. It seems like you need to pull out as fast as you can before it's too late.

Just look at this, this shitcoin is literally putting shit in their name.

bigdude

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Dolphins Finance TRUSTED FINANCE

Quote from: hamu3l on June 17, 2021, 12:33:07 PM

Hi everyone.

Recently I aped (full degen) $CAVA (UNISWAP) after seeing some advertisements. Anyone else involved in this project or know the direction?

https://www.cava.finance/

Thanks in advance if you know much about ETH blockchain or this current project!

I suggest you go to play the DICE game will be better than investing in the shitcoin you know nothing about it.
Or bet on EURO Fifa football game

good luck

JeffBrad12

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This is another shit scam doge fork token. There are bunch of shit scam coins like this one and what about your investment? it seems like CAVA already got another downtrend. It seems you are a new crypto user dude and you should never fall into the any advertisement that created by garbage shitcoin. It can be a trap for your money as there are bunch of scammers created crap token like cava.
This coin totally overvalued with so many supply.

seoincorporation

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Quote from: hamu3l on June 17, 2021, 12:33:07 PM

Hi everyone.

Recently I aped (full degen) $CAVA (UNISWAP) after seeing some advertisements. Anyone else involved in this project or know the direction?

https://www.cava.finance/

Thanks in advance if you know much about ETH blockchain or this current project!

What makes you take the desition of buying a token like that, I could say you take a terrible decision by buying it.

First of all, the token isn't even listed in coinmarket cap, so, that's a signal of a hit and run token. The second bad signal is the trust pilot, it doesn't even have comments on the site, which means it's a recent project.

If you want to read the Whois information about the site you will find there is no info about the owner, and that's another terrible signal.

The site says it has a $21 Million ‍MARKET CAP, but that's a lie. So, I would recommend selling that token and buy something with a better backup before you lose your money.

Dave1

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Lol, I'm just looking at the reply, it seems that this coin is the pure definition of shitcoin, copy cat and obviously no one from this community is aware of it.

Just sad that you fall for their advertisement, and you simply put your hard earn money on it. I will assume that you are a newbie in crypto space. So let this be a big lesson for you. Check everything first, DYOR (Do Your Own Research), before letting go of that big money of yours.

shinratensei_

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https://www.coingecko.com/en/coins/cavapoo You meant about this coin, right?
This is a garbage coin dude and so you have invested your money without try to did any research before? it sounds like you are gambling your money without know what coin that you have used it to gamble.
that's the same like another garbage coin

Kena Banned

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Quote from: hamu3l on June 17, 2021, 12:33:07 PM

Hi everyone.

Recently I aped (full degen) $CAVA (UNISWAP) after seeing some advertisements. Anyone else involved in this project or know the direction?

https://www.cava.finance/

Thanks in advance if you know much about ETH blockchain or this current project!

I just think you want to shill the project by posting it here. IMO, nobody want to really buy unknown project only by seeing a random advertisement somewhere.
Moreover, the project is on Ethereum chain which is have a gas fee issue recently which means u need to pay high gas for the transaction on uniswap to buy it.

sunsilk

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No.

You might have been misled by that advertisement that you saw. Before investing, you shouldn't just be into that advertisement but you have to do your own research too so that you're not going to end up asking if you did a good job or not.

Well, that's it. You just invested in a project that sounds like the other altcoin. I don't have to go through that project but if you can still got some stop loss and recover some of your money, do it while you can.

cabron

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You are not the first to have done that and then disappointed after. You will learn the lesson after, sometimes a big lesson is a result of the big mistake done. DYOR is what we always recommend here. My suggestion is that if you ever profit a big from the project, get out withdraw your funds and observe what the project really is. There are projects older than that like the ones created back in 2016 which still are going well today, I think those projects are worth trusting than the new ones.

ryzaadit

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If you buying something without know the reason, there you are not ready to invest buddy! IMO, you are just actually hoping to get lucky that coins is going to the MOON! rather than see from the development. Try to look yourself, what the difference between gamble? nothing both of the same rather than this better I actually gamble my money Grin

Advertiser is normal, and you know the "Finance" project is alrady mostly came into the public so nothing new at all.

UKprod

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CAVA sounds a lot like KAVA which is a genuine finance/lending/borrowing crypto project. So this itself is a red flag for me, because CAVA seems to be banking on KAVA's popularity. Further, the logo is a dog which looks like it is trying to copy dogecoin. It just seems to be gaining on the popularity of other blockchain projects.

While the project does seem novel with involvement of charity, I would really not claim it a moonshot since there are many blockchain projects working on charity and this is nothing new.

hamu3l

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Hi everyone.

Recently I aped (full degen) $CAVA (UNISWAP) after seeing some advertisements. Anyone else involved in this project or know the direction?

https://www.cava.finance/

Thanks in advance if you know much about ETH blockchain or this current project!

Topic: Bought £700 worth of a cryptocurrency I don't know much about, is this moonshot? (Read 261 times)