how to invest safely in cryptocurrency? - page 13.

bitgolden

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Quote from: btc-facebook on September 20, 2019, 07:17:28 PM

no matter how long the project lasts, but if the marketing team doesn't run and the core team never makes progress or is slow, of course we have to avoid it,
many old projects are still alive but do not show significant progress, so this is not much different from scam projects in general.

There is still some difference between old projects that are experiencing bear market and the coins that has exited the market as a result of scam or never even get listed, with older projects, there is still hope, with scam projects, there is absolutely no hope of ever getting the investment back.

Old project are down today not because the developers are not active, are you telling me that with all the things that Ethereum is doing, and with all the things that Binance CEO is doing for binance, don’t they ought to have grown more than that, they ought to have grown, but yet they are still suppressed by the bear market situation, and until the bear market of the altcoins is over before we can really say that old project are same as scam for some of the coins that will not survive again.

MCDev

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It is best to invest in BTC or ETH for absolute safety. In addition, you can also invest in altcoins in the top 50 and have products

btc-facebook

legendary

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no matter how long the project lasts, but if the marketing team doesn't run and the core team never makes progress or is slow, of course we have to avoid it,
many old projects are still alive but do not show significant progress, so this is not much different from scam projects in general.

retnoanjani

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and the most important thing is never to invest more than you can afford to lose. Risks cannot be eliminated, but opportunities can only be reduced. The methods mentioned by the OP are quite effective. At least we don't just rely on luck, like gambling, but do the best analysis for the long term.

joybella

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Quote from: Handsome Boy on August 11, 2019, 10:01:24 AM

if I think personally a safe way to invest in cryptocurrency is :

1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.

Learn the track record of development tea, are they good with project completion, are they apt to new ideas. The fifth point is a good lead an already running project is great.

waitforme

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Quote from: Handsome Boy on August 11, 2019, 10:01:24 AM

if I think personally a safe way to invest in cryptocurrency is :

1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.

1. Learn about the project and its development team. Do not select projects belonging to a new development group.
2. Based on trading volume and liquidity of Altcoins to choose appropriately. Do not select Altcoins with low liquidity.
3. For the time being, remove the idea of investing in ICO projects because the present time is not appropriate.

notsocool

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How to invest safely in cryptocurrency? It's simple - stick to Bitcoin and Ethereum. 90% of all coins are either outright scam or are useless or will never gain any significant traction.

joseyphil82

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Quote from: Handsome Boy on August 11, 2019, 10:01:24 AM

if I think personally a safe way to invest in cryptocurrency is :

1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.

Top 500 altcoins is still very risky, why not top 100 or 200? few coins manage to hit the top 500 list and yet they are dubious projects, you can't trust top 500 coins, i think what makes a project outstanding is working product, if the product backing the project is good enough there will be high demand

rdewilde

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Quote from: Handsome Boy on August 11, 2019, 10:01:24 AM

if I think personally a safe way to invest in cryptocurrency is :

1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.

Well you really outlined good points, road map is meant to act as a guide to direct the team but nowadays many are just deviating thus ending up building entirely different things, while those that followed their roadmap no matter how hard it is are doing well. Also, in terms of updating the community about the progress made etc, most are also found wanting and when asked you will be surprised at their answer. Furthermore, I personally thinks top 500 is too much as you might find it hard making a good choice, so I think top 100 is okay or even lesser.

jackblacksparrow

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Risks in the cryptocurrency have always been and will always be, it is just necessary to minimize these risks, for example, to invest in top and prospective coins, as they are more reliable

Xanxus024

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Well there's a lot of things before we put our money in a invest like in crypto and ICO project first we need to read the white paper even it takes a lot of time next thing check the background of the team because there's a lot of scammers here in crypto world then check if it's has a strong support of the community then what makes crypto genuine so that we cant put our money there. Always think twice so that there's no regret if you lost or become a winner in the end.

TanakabZX

member

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You used the world safe' wrongly friend,there is no safe investment in crypto and the more you always remember this the better, if you can't take risks you won't see any big changes in your life, this is how things works, invest only what you can afford to lose, thats the only safe warning there is.

barbara44

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Quote from: spike420211 on September 19, 2019, 11:52:13 AM

What you wrote about is called "How to Reduce Risks When Investing in Cryptocurrency." Security is about something else.
Even the criteria you listed do not guarantee you that everything will be fine with your investments. Take, for example, the Miracle Tele project, which is now changing the conditions and not doing very well with investors, although it has all the criteria you listed above.

Those are just part of the scamming way they use in exiting the market, within the next few months now, I am sure that the miracle tele project will also exit the market and this is really not so fair to many project investors that has put their trust in the project, if miracle tele project end up being a scam, I am not sure that I will ever believe in this projects again, because this one seems so much like a very quality project to majority of us.

What op listed can still help us to some extent, but I think what will help us more now is just luck because these projects now look like gambling to me where everything that you do is not certain and you have to wish for luck always to shine on you when you participate in the project.

Pamadar

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Quote from: UniversityCoin on September 20, 2019, 08:20:54 AM

Now the crypto market is very much filled with various fraudulent projects that collect a lot of investments and deceive their investors. If you want to save your money, you'd better stop investing in new projects. Pay your attention to those projects that have long been on the crypto market, but have a large price volatility. On them you can earn good money.

Though it is also not an assurance but it gives a little edge lessen the chances of being scammed, with so many projects around the market who turned scams, and developers who runaway with investors money after collecting the funds that they've need and disregard anything about the projects that they've created.

You can increase your potentials if you will invest with projects that already exist just need to keep enhancing your knowledge about every factors that will bring the value to rise high, to put your investment in the right place.

r_delossa

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There are a lot more factors that should be investigated before the investment decision. But the problem is that there is an opinion that after 10 years, 99 percent of all coins that are now trending will not survive.

Freddy11

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The only and obvious safety is when you work with a quality broker. It’s not something that you can easily join, so that’s where a lot of effort and hard work has to go. I am hugely comfortable with doing these things through Forexing since you got get good Forex broker reviews facility which helps you set in the right direction and then it’s the route for all in terms of able to make proper and safer investment.

UniversityCoin

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Now the crypto market is very much filled with various fraudulent projects that collect a lot of investments and deceive their investors. If you want to save your money, you'd better stop investing in new projects. Pay your attention to those projects that have long been on the crypto market, but have a large price volatility. On them you can earn good money.

spike420211

sr. member

Activity: 1610

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What you wrote about is called "How to Reduce Risks When Investing in Cryptocurrency." Security is about something else.
Even the criteria you listed do not guarantee you that everything will be fine with your investments. Take, for example, the Miracle Tele project, which is now changing the conditions and not doing very well with investors, although it has all the criteria you listed above.

Kezacky

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for me the best way to invest is to always monitor your portfolio and make a bet if you have found a new point that is worth investing in next. I always observe the development of the price of altcoin, those who have no further development and afterwards many die. This needs to be considered in your investment

michellee

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Quote from: Handsome Boy on August 11, 2019, 10:01:24 AM

if I think personally a safe way to invest in cryptocurrency is :

1. the project runs according to the roadmap and whitepaper that has been made;
2. cryptocurrency that we invest in already has a product;
3. the team always updates about the progress that is happening in the project that we invest;
4. invest in project that are in the top 1-500 in coinmarketpcap (have a high volume);
5. the project we want to invest has been running for a long time (if I personally never invested in a new project), because investing in new project has a greater risk than we invest in old project.

You forgot to add about how much money we should use to invest in cryptocurrency because this will the most important to know. We cannot use all of our money to invest in cryptocurrency, and that is why we need to determine how much the money. Without knowing how much money we use, we could get lost in fiat because the cryptocurrency market is fluctuating and we are not always making a profit every day. It is better to invest in a well-known project than to invest in the new project because there is no guarantee to make a profit in the future.

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