Fill your bag with caution - page 2.

404edson

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Quote from: Dondeon on July 19, 2020, 02:09:50 PM

There have been so many posts on the forum suggesting that it is the right time to fill your bag, I quite agree but then, you need to fill your bag with caution. There are so many projects that are dead already but pretending to be alive using the bear season as an excuse for now. The team behind most of them are just looking for a way to dump on you trying to make you understand that they are working round the clock to develop the project, a project they have all the time to develop in the past but could not, now they want to develop, hmmm, what a way to full the people.

The bull run will surely expose all of them, trust me, some of them are smart enough to understand this and that is why they are trying every means to fool making unrealistic promises in order to dump on you.

My candid advice, before you invest in a project ask yourself;
1. What are the benefits of this project to the world and the future?
2. In the next 2 to 3 years, will the working product still be relevant?
3. Who is the targetted audience? Do the targetted audience really need this innovation?

I must fully agree to that, we should be fully aware of everything we do here. There's a lot of opportunities here that will bring you to success but in contrast with that, there's also a lot here that attempting you to be scammed for their personal benefits. I had already experienced some investments ico way back 2017 that are now a dead coins or almost had no value. So we should be more passionate doing research before entering the project of a certain altcoins to minimize the risk.

pikkie

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Quote from: Stanlo on August 02, 2020, 05:44:41 AM

Good advice OP, newbies need to understand what makes a coin a better one to buy and hold for long term or short term, some new coins are pretty bad and useless, newbies need to know how to do research very well and always keep a tab on your coins

unfortunately there are still some newbies who don't want to study it for too long because they want to be quicker to get instant profits so they end up preferring to buy original coins and not go through research first.

Stanlo

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Good advice OP, newbies need to understand what makes a coin a better one to buy and hold for long term or short term, some new coins are pretty bad and useless, newbies need to know how to do research very well and always keep a tab on your coins

Dariusburst

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Activity: 182

Merit: 10

Watch out for projects real use cases and how good the team are, this is what will determine the success of a project in future, if use case is not good enough the project will be less demanding and this will affect the project value too

petuel

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Quote from: Dondeon on July 19, 2020, 02:09:50 PM

My candid advice, before you invest in a project ask yourself;
1. What are the benefits of this project to the world and the future?
2. In the next 2 to 3 years, will the working product still be relevant?
3. Who is the targetted audience? Do the targetted audience really need this innovation?

These are extremely well put and can hugely help one to decide whether invest in project or not.
For anyone who would argue with that - I have bad news, you think you're gambler in imaginary casine

add1ct3dd

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Activity: 658

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Quote from: rajakulam on July 26, 2020, 08:36:57 AM

indeed the benefits of investing in a project outweigh the investment of altcoin, but we must be clever in choosing projects that will increase in the next 1-2 years, because if we are wrong in choosing a project then we will experience huge losses when large investors sell all coins the project.

I haven't seen many coins that are able to sustain their value in long term and maintain the market cap. Of course big coins like ethereum and others are there but then we have like 10k coins made and if only 20-50 coins are being dominant then surely one should not look for long term benefits. I mean yes you want to invest for long term, but for doing there is always the option of "Bitcoins" so why do you even need altcoins for future hold? I always invest in altcoins and expect to sell them once their price has raised enough and now it would start to go down suddenly.

Is there anyone who invested in altcoins for long term and is still in profit? I mean yes you might profit from coins like ETH in long term but you will find shit coins much often and loose way too much as compared to what you earn with a few good ones.

fullhdpixel

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Quote from: jahepahit on July 26, 2020, 01:30:31 PM

if your project is too complex for a layman to understand whatever you want to do then personally i wont invest into it. real world interractions should be easily seen and felt. many projects are enticing people with big grammer on paper but not achievable in real life. investors needs to be wise.

Actually that can't decide the fate of the coin. I have seen complex whitepapers doing great but I have also seen them doing bad. Simple whitepapers and easy to understand road-maps can be good but only if they are actually implemented and are as simple as depicted by them.

Flux was one coin I often loved their whitepaper and I always thought they will do great because they were anticipating a gaming platform where streamers can earn, developers can earn and almost everyone was taking some benefit. But that project never came into life despite them promising a lot and even their website and idea looked cool.

So, you can't decide too much by looking at simplicity or complexity of a whitepaper of a project.

CarnagexD

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Quote from: cryptoknightt on August 01, 2020, 02:16:50 PM

I prefer the short and medium term for now.

How are you able to make medium term when market is wild? you don't even know if it is medium or not coz the market is behaving uncertainly. You will not lose when you hold long term.

Quote from: cryptoknightt on August 01, 2020, 02:16:50 PM

maybe you don't really like to see charts in the near future, so you decide to keep them for a long time.
but for the short term all coins can be bought and sold I mean you don't need to think about the fate of these coins for a long time just speculation a few days ago to sell them back.

Short term is for traders who want to maximize the profit out of short time period, this is preferably to do now as most of the coins are pumping especially with ethereum and XRP these coins are showing good results for the past week for short term traders, and bitcoin for the long term with target price limit. Don't hang yourself too much, don't let your hope destroys you this is what most of us are doing as mistake, we are hoping for so much without studying the market. It's never wrong to sell earlier than the others, secure yourself but don't regret.

MainIbem

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The blockchain technology is still in infant stages. Things are still evolving. So if you are too careful, you will miss out on some opportunities. Caution is good but excess caution is bad.

cryptoknightt

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I prefer the short and medium term for now.
maybe you don't really like to see charts in the near future, so you decide to keep them for a long time.
but for the short term all coins can be bought and sold I mean you don't need to think about the fate of these coins for a long time just speculation a few days ago to sell them back.

Mister.Satan

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Activity: 163

Merit: 10

When the market in the downtrend, you should invest one or two coins that you think will have a strong come back become of its potential. This makes a lot of bad coins try to mask their decline with over hype their potential. Anyway, everyone should do a research carefully even when the market in the downtrend to make sure coins did fall become of it, not something else like bad dev, bad algo,...

naikturun

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I guess people should pay attention to CMC or Koingecko for the first time, so they know which coins are always in the top rank, don't be easily influenced by others who say these coins will rise or those that are provocative.
with standard knowledge people can already know whether the coin is worth it or not.

Untomabur

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Quote from: ?? on ??

Even when the market presents a good price to accumulate, never do it half-heath and only pick the best out of the best altcoins. This is why you need to be picky and don't be fool by the bad project with the empty promise.

You are right, we must choose the project well. a lot of scam projects, and that harms everyone. investors, bounty hunters, and all parties who feel related to the project will receive the effects of failure. we must be careful in choosing projects because not many fill our bags even when the market is pumping.

when buying make sure you also read the indicator or read the chart of the coin, if it is appropriate to buy it then buy it naturally,
I also do that until now, because if a dump occurs we are ready to lose a little

antsam

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Quote from: XCANA on July 26, 2020, 08:25:40 AM

Quote from: antsam on July 19, 2020, 09:43:32 PM

It should be added beforehand that it is necessary to read the Whitepaper carefully and look at the people behind the project. Need to study the project before investing money so as not to get caught up in a scam project or a failed project

Although right, but you should understand that, the entire cryptocurrency market seem too dangerous, if reading the project White papers is a criteria. As at today, the decentralized finance projects are the ones moving into the moon, anyone filling with these projects should have the reasons to laugh at the end of the year. Bags filing is not as easy as we think because projects without suspicions are now flowing investors funds into dark. Do your research before choose wisely and with cautious.

Yes, I agree by doing research on the project that wants to be followed, I think that is my point from the words

Quote

Need to study the project before investing money so as not to get caught up in a scam project or a failed project

Because we have also learned that sometimes it can be unfortunate to be stuck in a SCAM project

perfect999

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Quote from: inoes on July 25, 2020, 04:28:48 PM

Quote from: Galley on July 25, 2020, 03:46:39 PM

Indeed, everything is so. A lot of projects made an excellent start, there were promising prospects, and as a result, after a short period of time, they turned into dust. And investors who believed in the project lost their savings. You need to be extremely careful.

this is the benefit of joining the BTT forum, you have the opportunity to ask members about the project you want to join. because one of the goals of caution is to be safe from fraud, then with discussion you can add insight and consider every decision that will be taken

The forum indeed helps a lot because if any doubts or problems are there with any project there is a transparent and direct way of holding them into question and asking them to reply to the accusation. I have been lured into buying some alts many times but when I check their thread in the forum I often see complaints like a stolen whitepaper or a copied whitepaper with minimal edits. Sometimes there are projects who use fake faces in their team and someone surely catches them and hence this forum is truly an asset if one knows how to use it and how trust and other aspects works.

I was someone who would be hyped by some news around and would buy any coin because everyone is buying or at least they pretend like everyone is buying and create FOMO but now I am smart enough to pick coins with caution.

alisonwonder

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Quote from: semobo on July 30, 2020, 01:07:16 PM

It depends on every investor's time period, if someone invest for short term then they won't look its potential all they will concentrate on the discounts given so they could get more profits when it hits exchange but the real long term investors need to consider lot of things, even if everything is okay still you need to be prepared for the worse situation because at the end of bull run some worthy projects also becomes zero value project.

well, I agree with what you say because before investing it should really be able to avoid offering coins that have a lot of discounts because actually when the discount is too much then the price of the token at the exchange will definitely happen dump.

semobo

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It depends on every investor's time period, if someone invest for short term then they won't look its potential all they will concentrate on the discounts given so they could get more profits when it hits exchange but the real long term investors need to consider lot of things, even if everything is okay still you need to be prepared for the worse situation because at the end of bull run some worthy projects also becomes zero value project.

Janus101

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Quote from: princecharles on July 29, 2020, 08:04:58 AM

The cryptocurrency industry is full of shitty projects and most of them are only interested in deceiving the investing public and cashing out. One thing I've learnt the hard way is never to join a project when it's fast rising. You never can tell when it would drop and may never go up. My take on investing is to only invest in a project I'm certain would be relevant in years to come.

Yeah, when I seeing people invest in a project that has climbed over 2x or more, I really wonder if they take in the calculation over when the rally would stop and fall down.

Mrchristo

newbie

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The market seems to be bullish and there's been substantial growth in the value of Bitcoin and ethereum especially. This has increased the desire of investors to join the missing train, but my candid advice is to only invest your spare fund. Don't make the mistake of investing the money you need for supplies or basic necessities. It's true that the ethereum 2.0 could have a great impact on the value of ethereum, but remember that the date is not fixed and the project is in stages. I'm of the opinion that you should only invest what you're willing to loose because in this space, there are no guarantees, anything can happen.

Jannyh

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Honestly,the rate at which new coins come out, it is very good to do research before buying coins that will exit scam,so fill your bags carefully, go for projects that have use case,check the team behind any project you want to invest in,have a reason for investing so you don't fill your bag with shit coins.

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