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Topic: how to invest safely in cryptocurrency? - page 15. (Read 4878 times)

member
Activity: 672
Merit: 14
August 13, 2019, 10:31:46 PM
#25
Top 500 is still too wide and in my opinion not all of them are good to invest, also there are a lot of project are using fake volume to get more investors. I think, coinmarketcap rank can't be a good factor to invest in projects.
Of course, there are lots of coins on coinmarketcap which need their volume and cap to be corrected as it mislead some investors. Sometimes it takes time for coinmarketcap to update such information. Although investing in coins already on coinmarketcap like the first 100 coins is not an assurance of gaining profit, it helps the investor to escape new projects which are likely to turn out to be scam.
hero member
Activity: 1778
Merit: 504
WorkAsPro
August 13, 2019, 08:08:35 PM
#24
Great tips, investing in new coins now is a very great risk that it would take the grace of God to really get anyone that would not eventually scam or close up along the way even if some of them push thee project forward a bit. I have seen so many projects too that pushes for likes some months and then breaks down along the way because if the lack of strength and will to do so.

I think like you right said, it is best to just invest in coins that are already old, and the ones that still have very active development in the market and also falls with the top 100 in the market. These are the projects that investors mostly look into first when they decide to invest in cryptocurrency, so if anyone is to have it real good with  a piece of cake, best to pick from top 100.

We only have this choice to ensure our long-term profit because most of the available altcoin in this market is at a very bad stage and can put us at risk in investment. I think now choosing a good project needs to be considered carefully because you have to study carefully and always pay attention to new updates from the project. I personally do not like to invest in old coins because those coins have been mentioned a lot in the past 2 years and it is difficult to make big profits in the long term.
full member
Activity: 952
Merit: 104
August 13, 2019, 06:48:51 PM
#23
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.





In my own choice I choice old project than to choose new project that we need to learn and study to give extra other time before I invest.
The old project is surely a lot of investors and trusted team members that no need to give  a lot of time to study about the project.
Choosing top 500 in the list in coin market cap is very difficult Imthink is better to invest and choose from the top 20 to 100 to avoid wasting time how potentially guve profits in the future.
full member
Activity: 1176
Merit: 104
August 13, 2019, 06:33:51 PM
#22
Number 1. The project that I am thinking is bitex - xbx working according to the roadmap and even releasing products every now and then. The only missing is a good marketing and number 2. The project that comes into my mind is Membrana - MBN which has a working product or platform which is an exchange they even ran a traders competition and I can say it was a success since it allows the trader to earn while assessing the product before releasing to the public.
member
Activity: 249
Merit: 10
NeedforTurbo https://needforturbo.com/
August 13, 2019, 06:13:41 PM
#21
good idea but i don't agree with the top 500, too risky if it is in the top 500
I think the top 50 coinmarketcap is safe for long-term investment.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
August 13, 2019, 03:37:00 PM
#20
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. They can run according to the road map  but what guarantees you that they will complete it? They can exit anytime.
2. Not sure what you mean by "product" of a crypto currency.
3. Updating user is a good thing. But what if all those updates are "we will" and "we are trying", that is all talk but no work?
4. Volumes can be faked.
5. We have seen project running for a long time eventually being abandoned.
In short, there is no "safe" way to invest on such projects. The best way is to go for coins that are well known in the market.
hero member
Activity: 2534
Merit: 605
August 13, 2019, 01:46:34 PM
#19
Great tips, investing in new coins now is a very great risk that it would take the grace of God to really get anyone that would not eventually scam or close up along the way even if some of them push thee project forward a bit. I have seen so many projects too that pushes for likes some months and then breaks down along the way because if the lack of strength and will to do so.

I think like you right said, it is best to just invest in coins that are already old, and the ones that still have very active development in the market and also falls with the top 100 in the market. These are the projects that investors mostly look into first when they decide to invest in cryptocurrency, so if anyone is to have it real good with  a piece of cake, best to pick from top 100.
member
Activity: 445
Merit: 10
August 12, 2019, 10:59:40 AM
#18
Top 500 is still too wide and in my opinion not all of them are good to invest, also there are a lot of project are using fake volume to get more investors. I think, coinmarketcap rank can't be a good factor to invest in projects.
Even the 1-100 Own rank is still a lot that has the potential to fail if the research you do includes enough projects. it's better that you first pay attention to the large trading volume and also that the Projeck is already running. if still this development is not suitable if you invest for a long time
The best is better to do your own research of all the tokens/coins that u want to invest with.. Sometimes even if they are listed on coinmarketcap but on reality they are dead projects already... Look with the platform that has active team and achieve what is really written on their roadmap... A project that has a real product.. Also goes with active community and social media accounts... Those liked projects are really worth to invest with...
copper member
Activity: 210
Merit: 0
KNL Ecosystem - Invest. Trade. Earn.
August 12, 2019, 04:06:22 AM
#17
I do not have enough money to invest in all top 500 project and I believe almost nobody has  Grin. Criteria that you have listed are great and I am also following them by searching for a new project. But I am giving a chance to new projects as well.
legendary
Activity: 2212
Merit: 1008
August 12, 2019, 03:37:53 AM
#16
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.

I agree with all the points except the 4th point, I think the coins that are below the top 20 on average are hype coins, although not all of them but most of the coins are driven by hype. If you really have to choose coins to invest, I prefer coins among the top 20 that match your points above. Moreover, you will not invest in 100 coins right? so it's better to focus on 5-10 coins in the top 20, that's enough and safer. Surely you have to analyze more deeply, if you need to use due diligence to get better results.
sr. member
Activity: 1134
Merit: 342
August 12, 2019, 03:36:52 AM
#15
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.


The safest way of investing in cryptocurrencies may be Bitcoin. Bitcoin price can go up&down but for the long term, it is always profitable. If you don't like risks, buy Bitcoin and just wait.
full member
Activity: 265
Merit: 102
August 12, 2019, 02:46:32 AM
#14
Actually no investment here in crypto is safe then we only have low the chance to lose example study well if the cryptocurrency you use for investment is new only then for me use already the past trusted and popular like btc,eth,xrp,bch so high chance that they will grow base in the developer behind this another thing they are really useful
jr. member
Activity: 1162
Merit: 1
Base.protocol
August 12, 2019, 03:24:42 AM
#14
There are three major ways you invest in crypto and each of them requires you make a very major research before you try it out. For me I rely on ICO reviews. Areas are
1. Ieo/ ICO
2. Trading
3. Bounty by investing your time
sr. member
Activity: 567
Merit: 270
August 12, 2019, 02:29:23 AM
#13
The mentioned the high points but forgot the most important in my opinion.. be a huge fan of Stable Coins (USDT, USDC, TUSD) and also a huge fan of Stop-loss, these two things has reached my portfolio more times than I can count.
full member
Activity: 840
Merit: 100
August 12, 2019, 01:57:46 AM
#12

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.

That's true, invest in a new project have more risk.  Now i am prefer to invest to Top10 coin in coinmarketcap. For me Bitcoin, ETH, and BNB is the best and potential coin to make profit.
hero member
Activity: 2814
Merit: 576
August 12, 2019, 01:06:24 AM
#11
Coins or tokens belongs to the top 100 is more safer than considering your choices up to top 500.
I think there's a lot of shit coins already in the 101 up, so that means the risk is high if we have to compare by analyzing the probability of success.

Actually the word safe is not much valued in crypto, I do think that when investing here we are taking a high risk that we are like gambling where we could loss any time, and that we should not expect only one sided possibility but also think of the worst case.
legendary
Activity: 1400
Merit: 1001
Undeads.com - P2E Runner Game
August 12, 2019, 12:49:12 AM
#10
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.


Make sure their token use case/products work fully and always grow their income, so they are not bound by the price of the coin itself to run their business. I fully agree with all your point except no 4. For me, it's too risk with top 1-500, to make better investment i limit number until top 200 coin marketcap and select coin with high volume and good community. I don't like coin with many issue, coin like this criteria won't selected as my investment althought they have high volume.
sr. member
Activity: 2268
Merit: 275
August 11, 2019, 08:20:09 PM
#9
We must choose the best coins to invest in the top 100 coins in CMC not to be guaranteed for the long term, as long as we have to judge according to our own.
sr. member
Activity: 952
Merit: 253
August 11, 2019, 07:57:21 PM
#8
The team can change it anytime but you should mention investing in a project which had a solid community. The community is playing a very important role in the adoption and support for ICO project itself.
All the points that you have been mentioned are true.
I personally think long time running project doesn't give a lot of guarantees.
full member
Activity: 826
Merit: 105
August 11, 2019, 11:46:11 AM
#7
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.

Talking is always easier than doing. I think
More than half of my investments following your instruction are losing hard by now.
And other half losing cause of I Can't keep calm when price changing fast.
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