Topic: if you want to invest in crypto... - page 6. (Read 1237 times)

Losing money is one of the risk that we have to accept when we join any business not only the cryptocurrency market. You're right that we need to be patience in order to be successful in the cryptocurrency world. Importantly, we need to equip ourselves with proper knowledge and skills about this market. Having understanding about the market is critical to our success!

Lost money is inevitable when investing, but if you know how to analyze and select potential projects, you can minimize a lot of risks. Patience is a must when participating in this market but to make a profit, it is entirely based on your analysis because if the project has no prospects, you will definitely lose and this has been happened to me many times in the past.

For sure it's not the outcome that you wanted to happen with your investment. DYOR is a must in
terms of investing your hard earned money
it will lessen the chance of any falling to scam projects if you know how to investigate and do the right research about
 those coin that you planned to invest your money.


Intentions are there coming from scam developers so better to always keep your guard and not to fall to this tempting projects.

We need to understand the risks of investing in crypto because many of us do not understand that if we invest in a scam project then we are more likely to lose capital. There are some tempting projects that they haven't been able to develop very well in the market for the last 1 year and now they will show some greed but actually shitcoin and they are ready to run away scam.

Investing in crypto is really hard we really need to have a big patience, if you dont have patience you can surely loss a funds because sometimes the token or coin that you invested really needs a long wait and if the right time occur you need to sell it for good. Another thing is there are a lot o scammer in crypto feild and we need to be careful and not to ingage into those scammer so that our funds will be safe.

I fully agree with the idea and with these two items because they are simple and efficient. Therefore, if people followed these two steps, there would not be so much frustration and discouragement in people due to expectations created by the moment and not by knowledge.

So seek knowledge to increase your investments avoiding frustration.

If you do want to invest in any crypto related works, basically the first thing you must do is to acquire prior knowledge related into what work you wish to do and that is investing. Acquiring basic knowledge on how to do investment is the first thing any individual must do before deciding to engage on any investment. Once you have done doing that, then you can proceed on finding potential crypto that would be good for investment. This would need prior knowledge on crypto which supposedly you have acquired upon engaging into this industry.

If you want to invest on old coins, seek for the reputable ones which can be basically be easy to find out on reading in this entire forum or doing research by your own self. But if you wish to invest into new cryptocurrency, getting to know the project where the crypto comes from will be in need to identify if it is a legit or a scam one. Checking the profile of the people behind the project or the team developers are good but not all you can see can be true and it does not mean that if you identify already the good one, the project can already be assured to gain success. You must still do prior observation and research about it and analyze the data you will get and see if it will suit your preference before conducting investment.

It is hard to say if the project you have invested with would be successful or not basically if it is a new one. You need to take the risk if you really want to know the outcome. Just assure that you are equip with prior knowledge about everything you must know before doing investment.

That's good suggestions because it is very easy for some of these projects team to steal someone's or an expert's Identity from LinkedIn, so making a good research about them, and as such, asking them good and constructive questions which of course will make them prove their knowledge of the project is a good move; most times they ignore questions like that. Also, to add to your list, I believe an active social media channels is also very important, because one of the ways that potential investors will know that a project team is actually working is when they see series of good updates from the team. And lastly, an active community also is good because it shows that the community have come to understand the project hence casting their support.

Checking their profile, their headquarters location, their past record of development,... All is just information that if they are pro in scamming, they could let you see what they think you would like. Don't be fool by all the information that can be easily pulled and check. That's my advice.

My finding on any project claims they will give you back fixed ROI when investing in their project after a certain time is a red flag that you should stay away.

Original projects cannot always be judged by the original team. Everything is possible in crypto. It's hard to say anything until the project is scammed investors fund and gone. If you check the history, you will understand how many projects have been brought by the real team and scammed the investors. So it is risky to invest here depending on the actual team. Only a project team knows their purpose, it is up to them whether they will develop in the future.

Good advice. You pointed out a bitter truth, Russians! 90% of Russian projects are a scam, so better avoid any new crypto projects from Russia. After verifying the team, I would look into their activities on twitter, like events, partnerships, good media coverage, unique technology, and so on!  

If they have a working product for the project that would be a great plus for me because that will make me a bit more comfortable with the project but, TBH finding a project with a working product is a bit tough.

nothing guarantees 100% investment safety. You can buy a new car at the dealership and they will also not guarantee the car will work fine. Things happen and there were cases where people bought new houses and found out the pipes are leaking and the walls are cracking.

It's great that people are beginning to demand more information from the teams because some of these teams were involved in scam projects before.

If a project has even one scammer in the team you should warn people about them and stay away yourself.

Not every project with team from Russia is fake, mind you. If they really want to fake their information to scam you, they will usually fake their information and profile to countries that look it means for the business like US or EU to look legit and fool you.

Proving that the team developer behind the project to be a real human does not give you any guarantee of the legitimacy of the project itself. What you must check is their identity and background. But still that won't be enough for there might be cases of identity theft and make use of other people's information to fool other people that they are a real person with real identity. Remember, scammers are also a wise man like we people who invest with crypto so basically they won't make a trap that will be obvious.

Investing in crypto does not basically just end on looking at the background of the project you wish to invest. It is also in need to have prior knowledge on how you will do investing. After knowing the legitimacy of the project you wish to invest of course engagement once you have already decided would be the next in line. In yourself, you must know how to identify which project is the best to get investment with and how you will do the investment. Though investment is taking risk since we do not certainly know how the project would end, still it would be best if you are somehow sure of the decision you have made on your investment based on your own analysis.

Is there any project run by an AI or a robot. I mean in your first tip is obviously like any projetcs must be ran by real humans, I think what you mean by that is the team identities should real in accordance to their linkedIn profiles which I guess does not guarantee of a projects success.

Thats not a good basis. Some social media channels and sites are well designed and layout. So its hard to use that as a reference for scam or legit. I think focus on technical application like mvp working product or technical paper. Thats more easier to distinguish whether a project could be scam or legit. Check the team profile as much as possible call or try to contact them via videocall if their info is legit or not.

yeah like holding a live meeting on social media and confirming that the team's identity is correct.
it is not difficult only some people are lazy to do it.
then analyzing and looking at the roadmap and the project objectives established are also important.

a disease many people have is lazy to research but wants to get rich quickly. many people are more interested in reading profits compared to the project. Well, I have also been like that. however, if you want to invest, make sure you know all the science, concepts, and core of the project in detail, even you also need to find out about it. Well, investing won't be that easy to make people rich. sometimes it makes you fall.