Topic: Can I go into this crypto???? - page 8. (Read 1526 times)
legendary
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My first time of getting an idea of this coin was through a particular Bar and lounge in my area where i stay, according to their banner which is hung out the gate, they claim to accept pinkcoin for the services, i never really paid attention to it until now, i even had to walk back to the gate to make sure its pinkcoin i saw the other day, and there it is, i will have research about the coin and to answer the op, i would say please be very careful of coins like this as most of them start out as genuine projects with great potentials but later in the long run turn dead either by the devs abandoning the project or it turned out to be ponzi/scam project.
Is this the coin you are talking about Pinkcoin (PINK) it is listed on bittrex it has $3,533 which is pretty low. I visited their telegram they only have 400+ members and it is pretty quiet. Their idea is for supporting Charities and Non-Profit organizations into blockchain which is really good but it does not get attention because it has so many competitors. I suggest to find another coin, I don't recommend to jump on this high yield returns defi either it is just like a bubble.
me either i like the concept because its related to charities or donating . i am not aware that there were so many simillar project to them but its not shocking because some could use this concept to attract potential investors and we dont know if they are collecting fund only for them selves . if this pink coin is honest and different to others , they can still stand out and win the competition .
Is this the coin you are talking about Pinkcoin (PINK) it is listed on bittrex it has $3,533 which is pretty low. I visited their telegram they only have 400+ members and it is pretty quiet. Their idea is for supporting Charities and Non-Profit organizations into blockchain which is really good but it does not get attention because it has so many competitors. I suggest to find another coin, I don't recommend to jump on this high yield returns defi either it is just like a bubble.
I would never and under no conditions invest in Pinkoin! 
If you want to buy Alts, buy ATOM or something more reliable...
If you want to buy Alts, buy ATOM or something more reliable...
I myself have never heard of Pinkoin so far, in my opinion, you should not trust Pinkoin too easily because it will fall into the trap of fraud. I think you better look for other coins if you want to invest, there are lots of good coins that you can invest in in the future. So in essence, don't be too easy to believe your friends' words, because if you trust and immediately take the decision to invest, you will regret that if the coin deceives you, it's better for you to choose it yourself with your judgment.
It's actually tagged INKSNATION and I don't really know much about it. A friend of mine just introduced it to me and he told me the future is very bright I trust that there'll be more learned person in here to give me the truth about it
Have checked it in the market and it's not a promising coin to talk with https://www.coingecko.com/en/coins/pinkcoin#markets I don't know why your friend recommend this coin to you when there are a lot of good coins in the market, there's a lot of risk investing in a new coin especially in a coin that is not traded in a big exchange and with low volume, you might end up a bag holder of this coin with no way to liquidate it.
Thank you all for these advices, they are indeed worth more than Gold to me. But some aren't getting me. I guess Pinkcoin is different from Pinkoin, this one I'm talking bou is by Inksnation.io , and my friend told me, it's gon be like a free salary, they will just pay you everyday, though I've begin my research more on it. Thanks so much
As other pointed out already, its extremely risky to invest in 6 or 7 years old project that has a very low liquidity and exposure. These kind of projects tend to go into obscurity pretty fast, but hey, if the team is active and they are actively developing and pushing towards their goal, maybe they can rise out of the ashes.
The chance of succeeding always relied from how the developers are working behind.
It's needed to be more active if you do believe that the project still have something to offer, your deeper knowledge will allow you to judge whether to continue your participation.
It' more wise to invest where your knowledge is., if you want to have a much safer journey best to understand everything first.
As other pointed out already, its extremely risky to invest in 6 or 7 years old project that has a very low liquidity and exposure. These kind of projects tend to go into obscurity pretty fast, but hey, if the team is active and they are actively developing and pushing towards their goal, maybe they can rise out of the ashes.
there's quite a bit of crypto out there, and I just heard of Pinkoin on this thread. When I looked for brief information on this token, I saw that the highest price ever was achieved in 2018, and Pinkoin had reached the price of $ 0.11. for now, the price is $ 0.0027. however, that's quite a drop, and the recovery is yet to be seen. do your own research, but personally, I don't want to hold this token. you can see the price at coingecko
Its volume is only 1600 $ and it's really too little, too dangerous for you to invest in this project. It is better to ignore it and find other better projects to invest in, choose top projects with high liquidity to ensure safety and not manipulation of prices.
If you're a newbie to the crypto scene, you should invest in the top altcoin first before trying to venture out other lesser coins. People talked about Pinkoin or any coins they want but that doesn't mean it was a good reason to invest. Decide on your own by researching is the only viable way to form a good opinion.
I've heard people talking about other Cryptocurrency and even I've known alot about some of them, I've made careful research about some I'm even yet to know about, but I've not seen too may people talking about Pinkoin and I'm about to join that, please can you share with me your views, I need to have good understanding of it before I go on. Thanks so much 🙏
Have heard friends talk about pinkoin in in some of the WhatsApp groups I belong in, but come to think of it, you are new into cryptocurrency and the the first coin you pick is pinkoin which not everyone is aware of. In my own humble opinion, why don't you go for a coin that more value
also be careful about over-hyped useless coins.
I wonder what coins are you talking about? Could you please specify?
From various Bitcoin forks/clones to the new DeFi tokens, most are over-hyped and most probably useless.
I can't tell names of such coins now because I simply stopped following every new bird in town.
Edit: I found a reference for such recent examples: DeFi scams [history]
Why you should stay away from this project?
Two reasons:
Concept - As per my understanding, the concept is related to charity and eradication of poverty. How will you make money from from a concept that is based on philanthropic activities?
Webstie - Website does not clearly states about the project and I was only able to find two team members. White paper does not open and I also do not see the roadmap.
less investors interested to charity project, they thinking developer team will not build MVP in their project and not listing in good exchanges to create hype. investors prefer to choose project with many product that will deliver and give profits to them . chartity project usually have no clear roadmap that will realized in coming time. Two reasons:
Concept - As per my understanding, the concept is related to charity and eradication of poverty. How will you make money from from a concept that is based on philanthropic activities?
Webstie - Website does not clearly states about the project and I was only able to find two team members. White paper does not open and I also do not see the roadmap.
Pinkcoin? Why you search for that coin while we have many other coins that have more potential to increase than that coin. I think you should search for other coins, so you can get the right coin to invest. Pink coin as the old coin, seems hard to increase back and repeat the history because many potential altcoins at the market exist, so you will see that the Pink coin is difficult to rise again. But if the project still runs until now, and they prepare to make an update related to the project, I think the price can have a hope to increase.
Just be careful if you want to buy that coin, and make sure that you can accept the risk because that coin is difficult to compete with the other coins. Who knows, you can be lucky to buy that coin.
Just be careful if you want to buy that coin, and make sure that you can accept the risk because that coin is difficult to compete with the other coins. Who knows, you can be lucky to buy that coin.
If you are taking any other cryptocurrency options then you should also be prepared for all the decisions you have made, I mean your plans regarding pinkoin? I personally don't know this coin at all. But if you like a high risk appetite that's okay, it's just that I advise you not to invest in new coins that are hard to develop. top coins in my opinion are more worthy of investment.
pinkcoin? hmm, I'm not sure but you should just join the coin at rank 1 -20 if you are new to crypto.
why do you ask or even know about coins that are not famous at all, I sometimes wonder if you get information from someone? and want to buy it without doing any research first.
why do you ask or even know about coins that are not famous at all, I sometimes wonder if you get information from someone? and want to buy it without doing any research first.
I've heard people talking about other Cryptocurrency and even I've known alot about some of them, I've made careful research about some I'm even yet to know about, but I've not seen too may people talking about Pinkoin and I'm about to join that, please can you share with me your views, I need to have good understanding of it before I go on. Thanks so much 🙏
Pinkoin is a new decentralized exchange coin developed by a philanthropist in Nigeria who claimed the intention of poverty alleviation and equal distribution of wealth. I have registered an account with the exchange and people that have registered before June, 2020 have started collecting minimum of $100 per week. My opinion is just that, it doesn't really cost you much if you register, there are different levels of registration there and you can start with the minimum which around 1000 Nigerian Naira ($2.3). The project still undergoing several testings for now.
To read more, you can visit https://pinkcoin.com/
there's quite a bit of crypto out there, and I just heard of Pinkoin on this thread. When I looked for brief information on this token, I saw that the highest price ever was achieved in 2018, and Pinkoin had reached the price of $ 0.11. for now, the price is $ 0.0027. however, that's quite a drop, and the recovery is yet to be seen. do your own research, but personally, I don't want to hold this token. you can see the price at coingecko
I don't know about Pinkoin as well, do you mean it is Pinkcoin : https://coinmarketcap.com/currencies/pinkcoin/ ??
If you are still not sure whether you want to go into crypto or not, you should analyze the cryptocurrency market nowadays.
There are some good projects that worth to take a part into it.
If you are still not sure whether you want to go into crypto or not, you should analyze the cryptocurrency market nowadays.
There are some good projects that worth to take a part into it.
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