Everyone who buys Coins from the Top50 will stay poor - page 3.

serjent05

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Exaggerated promises have always been made to make the project look reliable.

Most of shitcoins and scam coins do this. They exaggerate their promised potential to make their project very good. This reminds me during the 2017 Bitcoin surge, there are lots of scam coins and shitcoins created with the tag line... "the new Bitcoin" and many were enticed on investing on those coins but in the end, investors were cheated of their money.

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They will shill the coin just to attract more investors which is a common strategy but it will not work for old-time investors anymore. Their main target is beginners which could believe their promising words uplifting the project. It's something that newbies should get rid of so doing a research all the time is the best thing to do.

Scammers and shillers evolve too. Sometimes, even old timers are getting baited lol. They create an eye candy website, hire shillers and influencers, even celebrities to convince investors that they are legit and promising projects and hype and pump the coins making the investos believe that it is indemand. Those early birds may profit thousand times of their investment but those who are late in the game often ends up with worthless coins and tokens.

Being a pioneer in any legit and promising project will surely have thousands times profit but the problem is finding and detecting one. It is not for the beginners but to those who have the money to risk and do not mind the losses at all.

bittick

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honestly even if investing in these coins will give smaller returns in general since their valuation is already relatively high, still better than investing in shitcoin, like investment fund usually prefer investing in these big market capitalization coin more than in shit coins, since shit coins in general increase the risk that causes risk management to be hard to be managed. ideally you should invests using smaller capital in shit coins rather than investing all into it and have high risk investments that could make you lose your money.

NewRanger

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higher ranked coins are already losing its value even if you invested in eth right now and it occured that eth actually regains back its former value, you could easily make 300% returns, if you invested in some obscure coin with no reliability whatsoever I think there's bigger chance of you becoming even broke than you are. there's certainly reason why low market capitalization coin considered risky investments.

investing in low market cap projects contain high risk if compare with top existing projects. We see several type of low cap projects, 1st project that still build their MVP so need alot attention for its progress and less investors join it. 2nd truely coin that didnt developt anything but have high hype due influencers shilling. Better on 1st project that have possibily to be top CMC project rather than 2 nd that gonna be shit.low cap project truely speculation, id we success we Will get alot profits but if we failed we loss our money. For certainity i am agree eth or other top CMC Will be our choice

zasad@

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Quote from: 1000x on October 12, 2022, 04:05:38 AM

Learn from the early crypto people who trusted early projects and got rewarded. You just need to find the good projects (modefi over 1 million lines of code, self-funded), the good teams, the crazy and creative teams, the guys who will make the world a better place and help replace banks, mainstream media and centralized social networks.

Most of the early adopters of cryptocurrencies sold their coins for very cheap. I was selling bitcoin for $400 or less and ethereum was selling for less than $20.
The post is interesting as a level 80 advertisement.
I invest in shitcoins, but more than 90% of my assets are in stablecoins and serious ecosystem projects.

isaac_clarke22

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Though yeah this could be a "way" for them to promote their coin, but this is the weakest strategy to promote such coin. If you are going to talk about your project in the OP, at least make it direct to the title at least and not the clickbait way.
If I was a newbie to investing in crypto and I realized I was being brought to a "clickbait" thread then I would not definitely buy that coin. It just implies that their marketing strategy is really poor.
I already encountered plenty of clickbaits in Youtube so....

evichi

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You are right by insisting on making a good research but I am not in line with you on the issue that everyone who buys Coins from the Top 50 will stay poor. For example, as at January, 2020, Ethereum is among the top 50 coins at CMC and the value was around $130, but by the time the team built more innovations like smart contract and DeFi into the Ethereum ecosystem, the value of Ethereum rose dramatically to all time high to about $4,600 as at November, 2021. If you can follow up team developments, you are better positioned to benefit from Top 50/top 100 listed coins since they have been in the market longer and have a higher degree of trust.(Though not in all case as we have witnessed in the Luna /UST issue). Cardano is another coin that have the potential to 'moon' as they are developing use cases in DeFi. Binance coin as at November, 2020 is about $30 before it broke out to all time high to about $640 as at May 2021, yet it was among the top 50 coins then. For a coin to rise to such rank means it has attained some level of adoption in the community and have potential to 'moon' in the future.

jrrsparkles

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Stop shilling for a shit project with a shit logic. Tongue

People got reach because they bought the right coins not the coins based on its price, its true that bitcoin made people rich but not only the people who bought it at 3 digit figure even at 5 digit people got the chances to make 20x times in less than a year.

CuriousGeorge

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BTC may go down to 10,000$ any time soon, today's CPI is 8.2% and that means many more downsides in the coming months, the problem will most altcoins is they won't be able to keep building if things get uglier, some will quit and few will keep doing their thing even if the drop is -99%, some projects dumped so much in 2018 and they still recover in 2021, if altcoins is your choice make sure you chose them wisely.

I think that the main purpose from this thread was not to blame people but rather than become an advertising method for his token. He was specifically mentioning his token in his thread. that means the purpose from this thread as an advertisement for his token.
Let's take a look at how this guy was always mentioning modefi on his thread. it seems true if he was the one of modefi shiller.

ethereumhunter

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The situation a few years ago and now is vastly different. The market situation a few years ago didn't have too many coins or tokens so if a new coin was launched, it was still very cheap and they could buy it and keep it for a long time. But not many of them do because they don't even know if the coin or token will increase in the future.

Meanwhile, the current market situation has changed and with more coins and tokens being launched, it is difficult for us to know which coins or tokens can go up high in the short, medium or long term. And if we just buy randomly, it doesn't guarantee that we will make a profit in the future. So now it's more difficult to analyze which new coins or tokens could improve and many of us end up sticking with buying bitcoins. Even if they are that new coin or token, it is only a small part of their money.

KaliLinux

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Quote from: 1000x on October 12, 2022, 04:05:38 AM

Anyone who ever got rich in crypto bought cheap projects early before they were multiple billions worth.

Next project to kill Chainlink and IC for ecample is ModeFi. And you can make x1000.

Why would anyone who loves crypto and who wants to see a better world trust projects that made their owners rich and lazy? If you want to be in a good, hungry project that can still change the world be in Bitcoin (since its not owned by single people like the rest of the top100 crypto), or buy crypto that is still only $5m or even less market cap like Modefi.

I got x100 on Chainlink which I bought in 2018. Because I learnt from early ETH buyers who got eth for $0.25 and got rich like mmcrypto and themoon (they mainly got rich with affiliate commissions tho), however anyone who bought ETH at $0.25 trusted an unknown, small, tiny project that was not established yet (like Modefi and others now) and got rewarded. But why did people go in ETH early? Simply because they learnt it from the early Bitcoin investors who got Bitcoin or $0.20.

Now you need other early projects that are still small to become financially independant and free and to revolutionize the world. Not the big ones. The big ones keep everyone poor. They crash by 95% in bear markets for a reason. Do you not want x500 or x1000? How can eth possibly ever go x1000 again?

Learn from the early crypto people who trusted early projects and got rewarded. You just need to find the good projects (modefi over 1 million lines of code, self-funded), the good teams, the crazy and creative teams, the guys who will make the world a better place and help replace banks, mainstream media and centralized social networks.

Is this the same project you are talking about? You think the big projects make people poor because they drop about 95% during the bear market hence the need for investors to look at new and low-cap crypto projects.

What is going on with this your wonderful project? am I seeing a -96.2% drop from its ATH of $6.09 of 2021?
Even though some new projects have these quick pumps after launch, the question is, will they be able to hold and continue that trend after subsequent bear markets?

len01

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in the last year i once thought and ran all my thoughts for the initial investment the project appeared and in fact it was not profitable 100x or 1000x as i expected. It's true that crypto isn't a place to always make big profits but choosing a new project with a low market cap and low demand is not very profitable. and that's when i think is the most appropriate choice to invest in bitcoin. i don't care what the price is but BTC will always give a good price surprise in the future.

and for the title you say buying top 50 coins will still be poor, yes it is for now because the market is bearish and will be profitable in the year to come when bulls come and believe in bitcoin as a long term investment it will be better.

Sebas.tian

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Quote

I see you are very enthusiastic about this project, and I am sure if you most of the funds you have you have invested in this project. But what you need to remember, if eth does have a good product, based on its own technology and when eth was created, there are still not too many coins circulating as they are today.

I think, there are many projects in the community you can invest in this bearish season and have something good to achieve in the future but you need to apply your own personal research to know if the project will be successful or not be investing on that particular projects. Ethereum still remain second position among cryptocurrencies, despite the high gas fee some investors still prefer Ethereum investment than any other coins, because their teams are very strong and Active. I believe, anyone that will make use of this opportunity to buy potential coins in this bearish season will definitely achieve a huge amount of income in the future when bullish season appear in the market.

Smack That Ace

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If we talk about getting rich in the market, we have many ways, not necessarily investing in new projects, low-cap projects. People who invest in new projects because they like to get rich overnight, not knowing that risk is waiting for them, not profit. Bitcoin, Ethereum, and top coins can also make you rich if you have an effective investment strategy this can take time to achieve but still achievable and safer with new projects.

It sounds like you just want to shill this project and have no better purpose, if this project is too good for you, I suggest you sell your house, and sell all the property you have invested in it. Just one investment you will become a millionaire, no need to share that opportunity to get rich with us, we have our own investment strategy and way.

GreatArkansas

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Quote from: 1000x on October 12, 2022, 04:05:38 AM

Anyone who ever got rich in crypto bought cheap projects early before they were multiple billions worth.
(....)

I disagree. If you have patience and dedication, your wait is worth it. Some the people who bought cheap altcoins or got low market cap are very risky, it's like gambling especially if you don't research them at the project.
There are a lot of people including me that regret that I sold my top coins like Bitcoin and Ethereum to buy some random cheap altcoins and I lost too much.
It doesn't mean its cheap, it's good to buy.

Silberman

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Quote from: cryptoaddictchie on October 12, 2022, 04:28:33 AM

Based on your title, it seems you think that buying the top 50 isnt worth it now. Well thats where you are wrong. You dont know what fundamental could affect the market and boost those top 50 projects. Yes you are right that early project has more potential to gain more than 100x but its still a risky one. Ive also invested on some of the early projects and some of them didnt go well in the past. Its not that Ive picked a wrong one but the projects are indeed good but not compared to others that get more than 100x. Low cap coins are good investment but if they arent good in terms of many things then its not also a win win situation. A risk is always associated with a high multiplier gains.

The OP talks as if there is no risk at all when people invest in new projects that have not garnered a reputation already and we know this is not the case, in fact if we were to follow the results of those which invested in the top coins in the market and the results of those which took the risk with those new coins we will see that the ones that became poor are the ones that invested in those new coins, while those that invested in the top coins got good results instead.

lienfaye

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It seems you're too confident in the project that you're shilling, did you already buy this new project? If so, then there's no need to spread the word to other investors if you truly believe this can give you huge profit. Because investors here have their own decision and strategy to maximize our chance to gain.

Established coins are the best choice to invest in. It might not give a x100 return since the price already reached their ath but we're not certain about this. No one can tell because anything can happen in its fundamental that can affect the project and the price to pump hard. Thus dont say people who chose to invest in the top 50 will stay poor.

Rengga Jati

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Wow, I don't think to generalize the statement, for many people also make it.
For me, I am enough with my previous achievement in the crypto market when the bullish era by earning from top coins (although this may not be very high, that's enough, although not all of my investment was worth it, it was actually enough for others).
Investing in the top coins will decrease the possibility of scam projects. Although this may not give that 1000x pump, it can last longer and the project will also commonly last longer because of its fundamentals and utility that will bring higher volume and also a market cap.

Related to Modefi, who will guarantee that this will rise up to 1000x? Will you?
It is also not guaranteed that this kind of coin will rise up that much, right? However, it is riskier to put money into the non-top project if we are only expecting the pump price someday. Likely gambling

KennyR

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When you expect big return you're supposed to take big fan risk. On this, you need to research low priced low cap coins. If lucky it might pump as expected within a week. During the same time period it can reach the bottom. The top 50 will having good liquidity and there'll be assured growth, and this won't be something as 1000x and so on. Such level of growth will take place, but we can't expect such growth and invest

AmoreJaz

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Quote from: Wakate on October 12, 2022, 06:48:42 PM

Op can be right but no one knows what coin we are going to hold that will bring to us big profit so far. If the project you think will make you millionaire ended up become a weak project that does not have enough liquidity to push the price up, what will you do? The market is very hard to predict that is why many of the coin we may think is going to so well in the market ended up becoming a less liquidity project.

When we talk about good project, I think the team is responsible for whether a coin will do well so far or will not do well. We need to understand that the crypto market is not easily predictable that is why we need to be very careful the way we analyse the market.

up until today, it is hard to know which new project is worth investing. who would have thought that ETH would perform great? or who would have thought that ETH dev team will emerge as one of the innovators in this industry?
so if you want to buy new ones today, you can still not be very sure of their future even if you do your own due diligence. if you buy one, you should always keep up with their progress. discard and don't look back if you feel the project is going down.

Wakate

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Op can be right but no one knows what coin we are going to hold that will bring to us big profit so far. If the project you think will make you millionaire ended up become a weak project that does not have enough liquidity to push the price up, what will you do? The market is very hard to predict that is why many of the coin we may think is going to so well in the market ended up becoming a less liquidity project.

When we talk about good project, I think the team is responsible for whether a coin will do well so far or will not do well. We need to understand that the crypto market is not easily predictable that is why we need to be very careful the way we analyse the market.

Topic: Everyone who buys Coins from the Top50 will stay poor - page 3. (Read 981 times)