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
But the fact is, there are also many scam projects make beautiful whitepapers with very impressive vision and mission, their purpose is only to trap investors. We know how many projects have fake teams and fake whitepapers today. These two points (Fake teams and whitepaper) are very much used by Scammers to trap investors. 
Topic: Fill your bag with caution - page 8. (Read 982 times)
That is true, some projects are even behind the dump and creating excuses to somehow make an exit once the market recovers. Even if you are just going to observe, you will know it your self that the project is almost near dead or nowhere to go. Do not put your trust completely in a project, most projects had left their supporters and investors penniless once they have the opportunity to make a good price to make an exit. As the title suggests always be cautious when and where are you going to invest.
I am always telling people the same thing,,, to really be honest with themselves and ask if the project is truly being a beneficial one for the society and the user. For me, it is also very important to have your own belief in the project, because even if the project has 100 good use cases but YOU do not believe in it and YOU do not ever want to use it,,, then it is pointless.
That's true because this is the only for us to analyze whether if a certain project has a future or not. There are times that people most likely invest only because other people invest in it or it was being advertised by some influential people without thinking and analyzing if it is the right investment. 
Also decide according to you holding/trading strategy. How long are you going to hold it. Where do you expect it after the period you are aiming to hold.
Any popular coins could be an opportunity if you are going to hold for a short term as the market keeps on fluctuating. But if you are to hold for years maybe over a decade than you should well think of what to hold. Buying coins for their future update and holding them for some months and selling when you get a good price is also a safer strategy.
Any popular coins could be an opportunity if you are going to hold for a short term as the market keeps on fluctuating. But if you are to hold for years maybe over a decade than you should well think of what to hold. Buying coins for their future update and holding them for some months and selling when you get a good price is also a safer strategy.
If profit wise speaking, better to consider which project has huge fund that can be used for strong marketing. I saw many project that have a solid idea and real used cased but don't have enough fund for marketing to introduced themselves to the public. You can sell shit to anyone if you have a good marketing which can flavor words about your project.
To make it simple. Even if you have groundbreaking while no one is aware it then it will just a waste and sooner the project will die due to lack of funds to continue development. Most the successful project right now has VC(venture capital) that supports them during and after ICO stage. That's why most them has a good promotion and media exposure.
To make it simple. Even if you have groundbreaking while no one is aware it then it will just a waste and sooner the project will die due to lack of funds to continue development. Most the successful project right now has VC(venture capital) that supports them during and after ICO stage. That's why most them has a good promotion and media exposure.
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?
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?
Exactly, very good observation from your side. I want to believe for everyone who had been in the space for a while will not just invest in any project without concrete research. However, to the newbies or inexperience ones that are not even ready to do one or two findings before investing, you are strongly advised to invest in the projects that are already established in the market, for examples #1-10 on the CMC
I am always telling people the same thing,,, to really be honest with themselves and ask if the project is truly being a beneficial one for the society and the user. For me, it is also very important to have your own belief in the project, because even if the project has 100 good use cases but YOU do not believe in it and YOU do not ever want to use it,,, then it is pointless.
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
This is right! Why a lot of people still don't know that doing research is one of the critical thing in investing and trading process? Doing good research is one of the important step to reduce the risk of being scammed or involving in a trash project. People who don't take this step seriously is more likely to be involved in those projects. Be advised that at this time, a lot of newbies are coming to the market which means scammers will take advantage of this time to give out a lot of traps!
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
You are right, as an investor there is every need to invest with caution, but there are several ways to invest with caution, i would suggest that you apply the dyor strategy, then study the market waves and find fluctuations, then decide an entry point. Keep yourself updated with happenings and set for yourself a profit margin
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?
1- Almost all the projects will present a solution(s) to an existing issue. But it's relevant to ask if the issue will remain in the future and what potentials of developement for the project if the targeted issue disappear by an exterior factor.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?
2- It doesn't need to think about it for the next 2/3 years. A prototype can be realised by two devs in maximum of 6 months according to scientific researches. So if a team of 10 to 18 members need years to acheive the final goals with the product, then they are surely working in something in Planet March or Jupiter.
3- That's an important question because most of the projects are kust focusing in creating a token and convaince people to buy it. In most times they create a non-existing issue and start explaining how they will genuinly solve it.
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?
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?
The thing is, most crypto traders don't the knowledge and experienced required to answer these questions, which is why 99% of crypto market is shitcoins. Crypto traders don't even have a good understanding of how cryptocurrencies work, and cryptography is like quantum physics to them. So, all these projects can slap "decentralized blockchain protocol" on top of any use case, like medical records or clean energy, and people will believe them and answer positively to your questions.
Think about it, you can't take a person from the streets, appoint them to manage a stocks portfolio and expect them to make profit. But why should the same be true in crypto, were people who are not formally trained in cryptography or trading want to make money with investing in it?
In 2017 you could buy any shitcoin and make x100 profit because the whole market was booming, and today people are just hoping for a repetition of it. This is not investing.
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?
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?
indeed, and learn before earn is the best idea on investing
so, before people drop their money in cryptocurrency, they must doing a deep research and think about the risk and reward ratio
thats mean not only profit, but people should think about how if they lost their money
regards
You have a point, not all coin is worth buying, fake project is everywhere, fake pump on exchange during token lock, after unlocking, it turns shits, the best thing is to fill bag with sense and invest only on good projects.
Right. When somebody tells you to 'fill your bag' it doesn't necessarily means that you need to full your bag with different altcoins. You have to fill your bag with appropriate cryptocurrencies that you know. Don't be a careless investor if you are new but be open to challenges and risks as you start your crypto investments. Careless like being that kind of guy which buys everything he heard from someone and buys it quickly without research.
There are people who follow just any advice without checking through how relevant it is and how appropriate it could be for the coin in question. As soon as they are told, invest in so so and so coin and perhaps they are told it would fly so soon, their eyes get lightened and pour all they have been saving on it, which is a wrong idea.
Right. When somebody tells you to 'fill your bag' it doesn't necessarily means that you need to full your bag with different altcoins. You have to fill your bag with appropriate cryptocurrencies that you know. Don't be a careless investor if you are new but be open to challenges and risks as you start your crypto investments. Careless like being that kind of guy which buys everything he heard from someone and buys it quickly without research.
you are correct. Many projects have nothing to give in the nearest future yet those projects are been paraded by their team as good projects. Investors really need to be watchful of such projects.
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?
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?
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