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Topic: Crypto success takes time - page 5. (Read 3571 times)

jr. member
Activity: 1050
Merit: 1
August 14, 2020, 08:03:53 PM
Instead of focusing on the time and probably the huge profit, why not focus on the project itself; the viability and the propensity to remain relevant in the future. I believe a lot of things influence people's decision to do as pleased with their crypto assets. However, long term holding of good coins can be the real gem.
sr. member
Activity: 406
Merit: 250
The Fourth Generation of Blockchain in DeFi
August 12, 2020, 10:23:53 AM
This is true enough to all the people thats in the trading community. Its hard to stay in this industry if you dont understand that the long wait is the real game. Waiting for coins from your projects to have value and waiting for your coins to raise in value, its hard to maintain if youre not patient enough.
full member
Activity: 686
Merit: 100
August 12, 2020, 10:20:34 AM
People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins

I mean i think most of the people that grew with crypto understands this already. Its kinda impossible to stay in the trading industry if youre impatient.
hero member
Activity: 2058
Merit: 710
August 12, 2020, 10:20:26 AM
I don't buy the idea of holding coins and tokens for a very long term, take profits when there is, don't hold coins and hope for big profits before selling, crypto future is so unpredictable and unreliable, cost loss and buy back when price is lower
It's really very risky but if you succeed, the profit that you get is very satisfying because most successful projects can definitely get 100x, it's just that it's not easy to find projects with such potential, and it's easier to predict new projects and catch short profits, for example, like a serum project that's hype at this time I did not expect to reach 16x in a short time and sadly I sold when it reached 6x and bought it when the token was traded on bitmax exchange.
legendary
Activity: 2982
Merit: 1028
August 12, 2020, 10:18:38 AM
yes, investing certainly takes time and conversely not all coins can last long on the market, only coins that have a quality product, are widely used for investment and have a high selling price, so they are worthy of long-term investment. .

You have to specify which investment to take as there are lots of coins around and with good knowledge of scammers they also
manage to duplicate what good qualities that you can find from legit projects, you need to be extra careful.

Project success depends on the team & developer, and it also takes years at least according to the project work map.

Developers knowledge is the tool to attract investors, with them to have both marketing and developing skills the chance of success is far higher.
member
Activity: 252
Merit: 11
August 12, 2020, 10:08:50 AM
I don't buy the idea of holding coins and tokens for a very long term, take profits when there is, don't hold coins and hope for big profits before selling, crypto future is so unpredictable and unreliable, cost loss and buy back when price is lower
sr. member
Activity: 1680
Merit: 263
August 12, 2020, 10:03:41 AM
yes, investing certainly takes time and conversely not all coins can last long on the market, only coins that have a quality product, are widely used for investment and have a high selling price, so they are worthy of long-term investment. . Project success depends on the team & developer, and it also takes years at least according to the project work map.
newbie
Activity: 13
Merit: 0
August 12, 2020, 09:23:03 AM
Agreed, good project takes time to prove.

I found a hot project named Themis.

It was listed on HBTC and the token value rocketed up 355.5%

https://twitter.com/ThemisOracle/status/1293535336841191425?cxt=HHwWgoCtjaLix_MjAAAA
full member
Activity: 302
Merit: 100
August 12, 2020, 09:12:06 AM
I think patient is necessary along with selecting good project. People dreamed to be a millionaire within night, that's ridiculous.  Let it allow some time for development and go ahead with its roadmap with a better way.
I don't think it's a problem to dream of becoming a millionaire at night, because it is only a wish, even though the possibility of being realized is very far away, but while dreaming also has to work according to the road map that has been compiled.
I don't think so and have you seen some whales who have been getting more than 20x profit just in a night and I guess they can make million dollars just in a day. The future of the project depends on how the dev can handle the situation.
full member
Activity: 966
Merit: 102
August 12, 2020, 08:06:05 AM
Success is not definite. Although I think that in this industry time is not the essential factor for a project success, the team and developers are.
jr. member
Activity: 199
Merit: 1
August 12, 2020, 06:59:24 AM
A great man once said, success is a process, that is, it takes little time for one to achieve  it, considering crypto currency, for one to make big money, patient is the key, because everything in this life generally is a process i.e one step at a time. in cryptocurrency there are some factor that determine value of a coin
1. Acceptability
2. uses
3. Demand
4. Exchange listed
5. rtc.  

for all this factor to be met takes little time.

stand to be corrected.
full member
Activity: 616
Merit: 100
August 12, 2020, 06:58:29 AM
People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
I think that is true, many huge and well known project such as the said altcoins started their journey from a rough and so many bump until they reach their fullest potential. That is also true that no project can be popular in just a year like bitcoin before making its noise it started from nowhere.
full member
Activity: 449
Merit: 103
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August 12, 2020, 04:39:49 AM
.a few things to think about are investors and bounty hunters who immediately sell their tokens when the project is listed in a market.

I agree with you that investors and bounty hunters play a negative role in the success of the project, especially the bounty hunter, because they sell the tokens that they obtained for free as soon as it is listed on the exchanges, and this leads to the token losing its value due to the large sales orders that get from these, so I think the project team have To prevent them from selling the tokens immediately, by freezing this tokens, for example, or delaying their listing in exchanges.
I have to disagree with you at this point. Bounty hunters don't have the power to change anything. The reason is that the allocation of tokens that used to reward bounty hunters is just a small amount of total supply. How can it affects the whole project? Some projects don't run well then they use bounty hunters as a bullet shield which receives all the blame. Furthermore, bounty hunters work to get paid, then they have the right to decide what to do with their tokens (assets), how can you have the right to affect their decisions?
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
August 12, 2020, 04:35:15 AM
.a few things to think about are investors and bounty hunters who immediately sell their tokens when the project is listed in a market.

I agree with you that investors and bounty hunters play a negative role in the success of the project, especially the bounty hunter, because they sell the tokens that they obtained for free as soon as it is listed on the exchanges, and this leads to the token losing its value due to the large sales orders that get from these, so I think the project team have To prevent them from selling the tokens immediately, by freezing this tokens, for example, or delaying their listing in exchanges.
hero member
Activity: 1624
Merit: 500
August 12, 2020, 04:04:26 AM
Although I no longer trust a lot in new projects, but your words are correct in general, no project can succeed immediately, but rather needs time to complete the worksheet, discover mistakes and work to fix them, and also until it gains popularity among people.
Unfortunately, most projects end after the coin is listed in one of the exchanges, and most of the time the project is not followed up by the project team, so the project fails. Successful projects need continuous follow-up and require a lot of time and work.
Well, it's natural that a project needs time to develop, because when the project is finished in sales, the team needs time to develop the project. sometimes the time given is 3 months, but I feel that the development of a project is more than that. a few things to think about are investors and bounty hunters who immediately sell their tokens when the project is listed in a market.
legendary
Activity: 1848
Merit: 1982
Fully Regulated Crypto Casino
August 12, 2020, 03:01:12 AM
Although I no longer trust a lot in new projects, but your words are correct in general, no project can succeed immediately, but rather needs time to complete the worksheet, discover mistakes and work to fix them, and also until it gains popularity among people.
Unfortunately, most projects end after the coin is listed in one of the exchanges, and most of the time the project is not followed up by the project team, so the project fails. Successful projects need continuous follow-up and require a lot of time and work.
sr. member
Activity: 2324
Merit: 263
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August 12, 2020, 01:57:59 AM
It cant be about time only, I don't recommend holding unto a coin for long time because anything can happen, it's better to keep following the project development and opt out if things aren't going as planned
Yes, for people who have a lot of free time, it's better to always monitor the progress of the projects we have participated in as well as new projects that we haven't participated in, but if someone doesn't have much time to monitor it, then it's more well don't hold the coin for a long time, unless the coin really has a lot of interest and volume.
sr. member
Activity: 1960
Merit: 329
August 12, 2020, 01:50:26 AM
I think it depends on the project, if it is a good project then the investor will patiently wait long, if it is a bad project, they will quickly leave.
Coins like, Ethereum, litecoin, Xmr, Bitcoin achieved success because they are good projects.
What about Walton that has not made it up there despite the fact that it has nice roadmap and team? The thing is that people are always in a hurry to gain profit and always looking at time and constantly checking price charts. Why not give the coin you buy enough time to grow is what the OP is saying and I believe that to be true. Do not be in a hurry to sell off your holdings.
member
Activity: 518
Merit: 30
$CYBERCASH METAVERSE
August 12, 2020, 01:42:39 AM
It cant be about time only, I don't recommend holding unto a coin for long time because anything can happen, it's better to keep following the project development and opt out if things aren't going as planned
member
Activity: 633
Merit: 11
August 12, 2020, 01:29:14 AM
People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
Many of the project is really need some time to develop, Of course they will also need to show the development that is one of the best way of any new project that they wanted to became a successful cryptocurrency or company. Like Elrond, Elrond team has spending their effort and now they are successful after to 2years of development of their project.

Many early investor are now rich. And the development still continuing and lot of partnerships increased this year. I am happy now with my small amount of investment. All we need is time and effort.
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