The success of investment in crypto currency depends on the correct choice of digital money. It is important to use a profitable crypto currency, which will not lead you to losses. Consider the following factors when choosing:
Popularity. Find out how much the crypto currency is common among users. Great interest, availability on exchanges, rising costs - all this indicates the popularity of digital money.
Mobility. Choose a currency that can be easily moved.
Security. A good crypto currency should be protected from scammers.
Topic: How not to lose and not to be irrational to potential gains and greed. (Read 161 times)
March 11, 2018, 04:10:12 PM
March 11, 2018, 12:34:07 PM
Thank you for writing about this. Quite practical advice for those who are serious about going to invest.
March 11, 2018, 10:14:40 AM
The analysis is very reasonable, I strongly agree, I have learned something from it, I hope you can make a successful decision.
March 11, 2018, 09:59:08 AM
very long but thank you i have read it all. Wish you success with your decisions 
March 11, 2018, 04:24:30 AM
There is something concerning i've been seeing especially since late 2017. While we know blockchain and its potential is here to stay, i find that a lot of us are getting lost and irrational over the potential gains and greed.
I just felt like leaving this here, i've visited many coins, their telegrams and sometimes people just don't seem to get the hint. They were lured into a particular investment after seeing the coin go on a massive run and jumping in. They listen to so called business gurus and youtubers who probably were paid to advertise these coins without doing any fundamental analysis of their own.
Crypto currency is exciting but we must not forget to keep a cool head and be logical about things. I find that too often we are ignoring the consequences and only focused on potential gains. Too many people are going all in based on hype, based on nay-say without understanding the coin or what it does.
I remembered watching ARN going up 200% as everyone jumped blindly on to it, only for it to crash and burn shortly after. During the whole fiasco there were early investors of the company going out on bitcointalk and the companies twitter accusing the company of fraud. But this did not stop people from jumping in.
I've seen so many friends lose their fortune over blind faith. They don't think about the industry and they don't think about the big picture. Yes, crypto's market cap may not matter as its likely and I do believe very likely to be in the trillions in the future but the solutions cryptographs give still is tied to the industry they are solving
For example, if you invest in a coin that is some kind of fertilizer blockchain, you need to ask how fast can the fertilizer industry grow? With the price of the token, its supply and the agricultural industry's average growth. How far can the coin go and what share of the industry will it have?
We aren't asking these questions enough, when i challenge developers or write them e-mails to inquire about their coins, 80% of the time, i find that they have absolutely no understanding of the industry they are working in or they out right refuse to answer sometimes in a very hostile way.
Before you invest please do your due research, don't ask crypto gurus or follow hype. Keep a sound mind and be patient. If something is hyped up, it probably will get pulled back sooner or later.
Here are some things i do whenever I look at a potential coin for a long term hold just as i do when i invest in company's
I check on the people and their qualifications
I verify that these are indeed the people operating the project
I look at what they are trying to solve
I verify the statistics given on their whitepaper
I ask people who are in that industry if they could see the cost savings of their idea
I view statistics of that said industry (annual growth, liquidity)
I zoom into the specifics of the industry where this coin will be applied on
If all is good I will consider a mid term hold till the platform is released and may extend it to a long term hold if it fulfils its practicality.
I observe how well the company fulfils its deadlines and how active its community is
I check the company for any potential scandals
I read negative reviews and weigh in to see if their accusations have an economic impact on the company and the industry itself
If any coin does not meet the points above i NEVER hold them long terms. I might ride their news hype but i'll never sleep on them in a wallet. Guys this is your hard earn money, I hope this post can help some think twice about what their long term holds are. Put it with a group of people that you know for sure can deliver and they know the industry and they know how to solve it. Don't let greed destroy your life and always read both sides of the story.
Some case studies i did for friends shortly before those coins went down.
POE:
When POE was on the rise (made 150% returns on it) i did a F.A on POE. POE is focused on the creative industry and providing authentication to artists and their work. As a former employee to a game company and coming from an art school I could instantly see the massive flaw of the project.
Artists are subjected to rampant piracy, but no one is going to stop downloading your music videos or save your artwork without paying even if you had POE. Hence it does not actually save artist money from piracy. Further more blockchain is not recognized as legal evidence. The court will only accept your patent as legal proof of your work.
If you brought your POE into court, the attorney and the accused can easily refute your blockchain ledger as unrecognised and potentially manipulated material which will worsen your case.
I called this out when POE was 700 satts, its now under 400 satts as of this post.
XVG: When XVG has a reputation of not being on time with its major updates which affects its reliability. I also find that at times its community undermines product which imo its actually excellent. I lurked in Verge's telegram for a while. While i know these actions are not that of Sunerok's the moderators aren't helping to make the project more credible by banning people who ask questions about it.
I can understand banning people who are rude or intentionally spreading fake news but it seems in the telegram and likely in their other media, they remove any post or anyone who inquires, challenges or posts T.A that show any drop in price of the coin.
These kind of actions aren't healthy at all and encourages suspicion. Firstly, investors have no idea if the developers will deliver from their past track record. Secondly, the community seems highly intolerant to any form of negative news. I don't see any effort to justify or debate skeptics and they are simply removed from their social media.
images.png
I moved this coin into my short and mid term holds since december. I ride on its news but i don't actively stay in it.
Its true, some of these coins could step their game up in the future. But always think on both sides. Never assume things will go your way. Consider all sides of the story. If anything, of the slightest gives off a potential red flag. You will need to be more active in watching your investment if you do choose to proceed into investing in that group.
Alright I said my piece. Probably the longest post i ever made but I felt it needed to be said.
I just felt like leaving this here, i've visited many coins, their telegrams and sometimes people just don't seem to get the hint. They were lured into a particular investment after seeing the coin go on a massive run and jumping in. They listen to so called business gurus and youtubers who probably were paid to advertise these coins without doing any fundamental analysis of their own.
Crypto currency is exciting but we must not forget to keep a cool head and be logical about things. I find that too often we are ignoring the consequences and only focused on potential gains. Too many people are going all in based on hype, based on nay-say without understanding the coin or what it does.
I remembered watching ARN going up 200% as everyone jumped blindly on to it, only for it to crash and burn shortly after. During the whole fiasco there were early investors of the company going out on bitcointalk and the companies twitter accusing the company of fraud. But this did not stop people from jumping in.
I've seen so many friends lose their fortune over blind faith. They don't think about the industry and they don't think about the big picture. Yes, crypto's market cap may not matter as its likely and I do believe very likely to be in the trillions in the future but the solutions cryptographs give still is tied to the industry they are solving
For example, if you invest in a coin that is some kind of fertilizer blockchain, you need to ask how fast can the fertilizer industry grow? With the price of the token, its supply and the agricultural industry's average growth. How far can the coin go and what share of the industry will it have?
We aren't asking these questions enough, when i challenge developers or write them e-mails to inquire about their coins, 80% of the time, i find that they have absolutely no understanding of the industry they are working in or they out right refuse to answer sometimes in a very hostile way.
Before you invest please do your due research, don't ask crypto gurus or follow hype. Keep a sound mind and be patient. If something is hyped up, it probably will get pulled back sooner or later.
Here are some things i do whenever I look at a potential coin for a long term hold just as i do when i invest in company's
I check on the people and their qualifications
I verify that these are indeed the people operating the project
I look at what they are trying to solve
I verify the statistics given on their whitepaper
I ask people who are in that industry if they could see the cost savings of their idea
I view statistics of that said industry (annual growth, liquidity)
I zoom into the specifics of the industry where this coin will be applied on
If all is good I will consider a mid term hold till the platform is released and may extend it to a long term hold if it fulfils its practicality.
I observe how well the company fulfils its deadlines and how active its community is
I check the company for any potential scandals
I read negative reviews and weigh in to see if their accusations have an economic impact on the company and the industry itself
If any coin does not meet the points above i NEVER hold them long terms. I might ride their news hype but i'll never sleep on them in a wallet. Guys this is your hard earn money, I hope this post can help some think twice about what their long term holds are. Put it with a group of people that you know for sure can deliver and they know the industry and they know how to solve it. Don't let greed destroy your life and always read both sides of the story.
Some case studies i did for friends shortly before those coins went down.
POE:
When POE was on the rise (made 150% returns on it) i did a F.A on POE. POE is focused on the creative industry and providing authentication to artists and their work. As a former employee to a game company and coming from an art school I could instantly see the massive flaw of the project.
Artists are subjected to rampant piracy, but no one is going to stop downloading your music videos or save your artwork without paying even if you had POE. Hence it does not actually save artist money from piracy. Further more blockchain is not recognized as legal evidence. The court will only accept your patent as legal proof of your work.
If you brought your POE into court, the attorney and the accused can easily refute your blockchain ledger as unrecognised and potentially manipulated material which will worsen your case.
I called this out when POE was 700 satts, its now under 400 satts as of this post.
XVG: When XVG has a reputation of not being on time with its major updates which affects its reliability. I also find that at times its community undermines product which imo its actually excellent. I lurked in Verge's telegram for a while. While i know these actions are not that of Sunerok's the moderators aren't helping to make the project more credible by banning people who ask questions about it.
I can understand banning people who are rude or intentionally spreading fake news but it seems in the telegram and likely in their other media, they remove any post or anyone who inquires, challenges or posts T.A that show any drop in price of the coin.
These kind of actions aren't healthy at all and encourages suspicion. Firstly, investors have no idea if the developers will deliver from their past track record. Secondly, the community seems highly intolerant to any form of negative news. I don't see any effort to justify or debate skeptics and they are simply removed from their social media.
images.png
I moved this coin into my short and mid term holds since december. I ride on its news but i don't actively stay in it.
Its true, some of these coins could step their game up in the future. But always think on both sides. Never assume things will go your way. Consider all sides of the story. If anything, of the slightest gives off a potential red flag. You will need to be more active in watching your investment if you do choose to proceed into investing in that group.
Alright I said my piece. Probably the longest post i ever made but I felt it needed to be said.
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