Topic: Don't Invest On Coins Blindly - page 4. (Read 502 times)
According to my analysis personally, newcomers are rather careless in starting a trade that is supposed to examine and look at the situation. I don't understand the steps taken too fast, even though it is someone's right to choose. They must read your advice.
Add the real use / use case of that project.
If there's no use of it then that project would surely like a coin just to be able to trade and increase its market cap. And as an addition to the factors you mentioned, a team should be considered too. If there's a joker on the team you know on where that project is leading.
If there's no use of it then that project would surely like a coin just to be able to trade and increase its market cap. And as an addition to the factors you mentioned, a team should be considered too. If there's a joker on the team you know on where that project is leading.
I believe it is a general knowledge or better still crypto currency instructions not to invest blindly
You have to maintain the standard rule which is research
You need to ask questions, discover answers about a project, their purpose, their product before investing
You have to maintain the standard rule which is research
You need to ask questions, discover answers about a project, their purpose, their product before investing
Some new entrants in cryptocurrency trading do trade blindly on coins without doing their research on coins before investing, majority invest base on FUD or a pump group which are not realiable.
The following are some of the factors to consider before investing in coins base on long terms investment:
On-going Projects
Community Hype
Market sentiments
Future projects
Social media reach
This especially applies to beginners. At first they have a lot of enthusiasm and they are ready to invest in any coin, which they will be advised, but then they begin to realize their mistakes. Probably everything comes with experience The following are some of the factors to consider before investing in coins base on long terms investment:
On-going Projects
Community Hype
Market sentiments
Future projects
Social media reach
Invest in blind cryptocurrency is a complete madness and I think that even beginners do not. I think that investing in cryptocurrencies is still profitable, but you should be able to identify good coins, as well as buy and sell at a good time. In general, you should become a good trader.
Investing has a huge risk if not done carefully, not only from the fud and pump groups, most investors also just follow the steps of others to invest. We must invest wisely and correctly by studying the situation and the potential of the coins we will invest.
really what you say, but we must know about the project team because if the team we don't know fraud can happen
I agree with you. New investors really need to be careful.. Surely low cap coins will do very good x in next bull run but while selecting these investment opportunities they need to search very well about teams past succeses and projects quality..
For some reason I have chose some particular coins/token I have been ingesting on based on previous research on the project and not on how fast I think the project will be pumped cos as I have learnt also, the quicker the pump the faster the dump 
and this is something most newbies should learn and know how to invest wisely but not with the intent of making huge sums overnight.
and this is something most newbies should learn and know how to invest wisely but not with the intent of making huge sums overnight.
frankly, many newcomers who are interested in crypto only think about profits and they want to get rich quickly, without knowing or understanding the risks. they think it's very easy to make profits, just by buying cheap and selling expensive, it's easy. but everything was not what they thought and many of them suffered losses.
I was a newbie too last year and I paid my lessons well with many bad projects all hypes and no results and there had been some that got away or the scams and frauds which made me realized that the bad apples are now smiling and getting to be residence in the world of cryptocurrency and ICOs. We have to be careful because here in cryptocurrency we are dealing with people whom we don't know personally and those addresses they are showing may not even be true -- hell even the profiles of the team can be copied elsewhere.
I totally agree with you ...Don't invest or trade blindly on any market or coin first learn about project then you can invest on this.
Most of this people are newbies, They don't know how to play the game on crypto, Only OG's or old traders/investors will play this game. But gradually if they continue INvesting on crypto they will learn something and In fact the world is changing so different institutions are coming in this pave of technology.
The blind guide can make the followers blind and definitely falls drastically due to misconception and improper execution of knowledge. Open eyes matters with the presence of mind to go further success.
Some new entrants in cryptocurrency trading do trade blindly on coins without doing their research on coins before investing, majority invest base on FUD or a pump group which are not realiable.
The following are some of the factors to consider before investing in coins base on long terms investment:
On-going Projects
Community Hype
Market sentiments
Future projects
Social media reach
The following are some of the factors to consider before investing in coins base on long terms investment:
On-going Projects
Community Hype
Market sentiments
Future projects
Social media reach
There's really a lot of pump groups here in our industry and if you are going to follow them blindly you are going to lose a lot and so it's very important that you have a good criteria like you have there in your post, you forgot to mention the team behind them are they real, so many fake profile on some ICO.
That is why we need to always enlighten the newcomers in the market and it is up to us to educate them, by proper relaying of information and not just sending them to projects blindly as a referral as it would make a negative feed back in the long run if that person will lose all of their assets in the process. That is why proper disclaimer and setting up expectations must be met to people that you introduce in the cryptocurrency market.
I do agree with you. Especially most of the newbies invest without having any research. The most thing attracts newbies is the pump of a coin. But hey pick in the wrong time actually and lose huge money.
For secured investment, people should, of course, invest at least 70% of total investment in top 10 coins.
For secured investment, people should, of course, invest at least 70% of total investment in top 10 coins.
Some new entrants in cryptocurrency trading do trade blindly on coins without doing their research on coins before investing, majority invest base on FUD or a pump group which are not realiable.
The following are some of the factors to consider before investing in coins base on long terms investment:
On-going Projects
Community Hype
Market sentiments
Future projects
Social media reach
The following are some of the factors to consider before investing in coins base on long terms investment:
On-going Projects
Community Hype
Market sentiments
Future projects
Social media reach
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