Investing in tokens on the base network

martinex

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

Forget new tokens, the more you chase the weirder it gets. I don't forbid buying and investing, but I also feel the Fast pump and it's very slow to go back up. if you can withstand financial emotions that's okay. By the way why don't you just go for the one that is already performing well and should busily expect the new one to be promising.

Sarah Azhari

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Quote from: fzkto on September 06, 2023, 06:22:36 AM

You have to realise that the new blockchain and the new tokens on it are just hype. When you hear about it from Twitter or other sources, the hype is most likely at the top. That's usually how it happens. Then you think for a while whether to buy or not, and if you buy, the price starts to fall. It has happened many times. If you really see an interesting project, wait until the hype disappears and buy at the bottom.

Actually is not called hype but something completely new where many people like it. A new blockchain and token is a development of the project that follows it from another project, this is like a necessity, so if you were not following and are apathetic towards development, then you will miss out on the future. If we remember the development of social media in recent years, If Mark and another developer didn't growing up they business, the social media (like facebook) not as tight as the competition now, we just now Friendster and Yahoo Messenger only.

JeffBrad12

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Quote from: masulum on September 06, 2023, 04:53:47 PM

Investing is not about the network you choose, but whether it is legit or a scam.

well frankly the blockchain itself does affect the investment sometimes, you might figure out that the project deployed in ethereum have higher chance of being successful than the ones being deployed in BSC.
even many considering BSC to be meme coin and shit coin infested blockchain in which definitely gonna reduce the rate of success if a project is truly committed with theirs.
in the case of base, the fact that its new blockchain thats currently in trend, easily make it center of attention nowadays that some projects that deployed their in base definitely got free marketing here.
so where the project is being deployed does indeed affects a lot in this case, even more if its newer coins that needs to garner attention so that it could grow.
certainly you won't be deploying your project in some random blockchain and hope it will turns out to be success.

masulum

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hmph..

Investing is not about the network you choose, but whether it is legit or a scam. If you want to invest in BSC, Polygon, ETH network, if you only hope that there will be a pump, I think this is the wrong step. So far, many scams have appeared on the Base network, so you need to do more in-depth research to ensure that the project you choose is a legit project. Base offers cheaper transaction fees than fees on the ETH mainnet, but these cheap fees can be a more comfortable place for scammers. Just like at the beginning of BSC's, we can easily find honeypot and abandoned tokens. Base will probably experience the same thing. The community interest for Base is very high, it will definitely be an opportunity for scam token developers to take advantage.

milewilda

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Quote from: cryptoaddictchie on September 06, 2023, 03:42:10 PM

Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

Hard to say its worth it. There are plenty of good raises already but some are majority did some rugged. So either you get out early with profit or loss a lot in the process. Apparently base network seems to be the hangout of many degen, since it made up a lot of volume more than linea itself. Maybe there are some worth noticing like the share friend hype being used on base, but must be careful and cautious.

Always DYOR on every investment we do make, we do have tons of looking like legit projects but ending up on being a scam or rugpull on which this is something that you should really be looking careful or be wary.
This is why it would really be always important that you should know on when to get in and when to get out specially when you are in profits. If you do see that a project does have some potential
then it would be a risk taking thing if you do decide to hold it for long term. Cant blame down into those people who do really look for those opportunities on finding out a gem which
could bring out 1000x profit into them and this is why the search would really be a never ending thing.

Quote from: Hildentine on September 06, 2023, 01:21:13 PM

I think anyone who wants to invest in crypto specially in new chain token first read the important points of project then invest if anyone blind invest any project so its many chances they are loss in this .
My experience is that first gain knowledge about crypto second project see there roadmap etc then try to invest choose strong project.

The hardest part on having this kind of verification on every project that you do encounter a good looking ones but ending up on a scam
and to those projects who do look shit but ending up on being pumped and been supported. This what makes your mind boggled on what the heck is the mindset of these investors
or with those whales but of course you should really be careful with those casual pumps and dumps on this market.

cryptoaddictchie

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

Hard to say its worth it. There are plenty of good raises already but some are majority did some rugged. So either you get out early with profit or loss a lot in the process. Apparently base network seems to be the hangout of many degen, since it made up a lot of volume more than linea itself. Maybe there are some worth noticing like the share friend hype being used on base, but must be careful and cautious.

Hildentine

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I think anyone who wants to invest in crypto specially in new chain token first read the important points of project then invest if anyone blind invest any project so its many chances they are loss in this .
My experience is that first gain knowledge about crypto second project see there roadmap etc then try to invest choose strong project.

traderethereum

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

If you want to gamble with new tokens, you can try it.
We all don't know if it's worth it or if it will be a scam and only time can tell.
Meanwhile, if you really want to try it, you can use small bills under $20 and not think anything about the token.
If the token can provide multiple profits, you are really lucky.
But if not, you already use the money you can afford to invest in the new token.

JunkieMiner

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Trading didn't really being on the chain make more impact, although the main thing is the token itself, that what is behind the token and what are its use cases? And most commonly we have to see the impact of the token.

livingfree

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

I get that feeling of yours that you're in a FOMO.

What base network is that? That's always the case that I have been seeing with them, when a newly launched network has come. There have been tons of new projects trying in and maybe they'll be at the top of the attraction from that network.

But as a basic rule, I'll only invest if I am sure with what I am about to do and done necessary things like DYOR. On your part, it seems that you're not yet sure and ready.

Ojima-ojo

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

Try to do your own research to know what is the real reason behind it 100x price movement, because any coin that does such rapid price growth may likely become a just pump and dump coins no matter what network they are found, and if I may give you my two cent advice, I will say you should avoid such coin because at any moment the price may crash down without any possibility of recovery.

This has been the attribute of most of the shitcoins that have nothing to offer that can aid their sustainability in the market, what is also most important is another significant fact that the project mentioned has no track record so this makes it hard for us to properly analyze the possibility of its future, aside from the pump attributes the coin exhibit.

|MINER|

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Investment is not so easy, trading is very difficult. And now as the number of scams is increasing, these are mostly token based and if you don't have a lot of technical knowledge to avoid them, it will not be right to invest in these token based networks. I myself have mainly invested in these token based networks and have reduced my investment in them after seeing that I have lost. I myself have mainly invested in these token based networks and have reduced my investment in them after seeing that I have lost.

$crypto$

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

Maybe the first token you're referring to in the Base network is the BALD token that rose hundreds of times but eventually crashed in a day and came out as a scam? Do you want to be among those who are looking for hype but end up with an obscure token?
I say it's not worth investing in of course you have to do your own research, no one can forbid you but many advise to avoid it.

gunhell16

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

What token are you referring to, dude? Because if it's new, even if we say it's 100x, that's still not an assurance to say that the token you're talking about has potential. It's still good to do your own research so you don't regret it later and don't waste the capital you'll use for that token.

Besides that, is there an exchange you're talking about? Maybe that's because you're just getting carried away by the hype because the token is new in this crypto industry. You must know how to pick legitimate and illegitimate tokens or coins so that the capital you use will surely generate income.

fzkto

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You have to realise that the new blockchain and the new tokens on it are just hype. When you hear about it from Twitter or other sources, the hype is most likely at the top. That's usually how it happens. Then you think for a while whether to buy or not, and if you buy, the price starts to fall. It has happened many times. If you really see an interesting project, wait until the hype disappears and buy at the bottom.

krava22

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I read the other day that there were some glitches in the base, so I don't know, there are a lot of negative events in cryptocurrency now, but nevertheless if you study this or that token well, you can still make good money, like I did with TFS, I'm still glad I found this token.

_act_

legendary

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

DYOR. The only coin I can tell someone to invest on is bitcoin and maybe other good coins that has been existing already and having high market cap. The token you are token about is on another new blockchain, people will go for it, but if the price startes to fall, it can be a huge loss for someone. Gamble with these coins and if possibly that you make money from the little amount of money that you are able to afford to lose that you invested on it, convert the profit and the token to a better coin like bitcoin.

Magic-Money

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In every business, you're network is determined buy your net worth and for people to believe to invest in any new network research has been taken place to invest and that is very important and good decision for everyone to take. Because money is involved and reason is to make profits.

Husires

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

Invest in the native token for that network because if it achieves success and attracts more projects, they will inevitably buy the native token to pay the transfer fees and betting on it is much better than betting on tokens on the base network. If the network succeeds, the price of the native token will increase, and if it fails, then all tokens on the base network will inevitably decrease its value.
any new network does not attract large projects due to the possibility of defects in the network or excessive centralization, so it rarely grows quickly.

asriloni

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

Be careful, there are so many scam tokens were appearing on the base network. This ecosystem was not as good as you think. You just saw a token but you have not seen the performance of all of tokens in the base network.
It's not even worth investing, but this actually depends on the how well the fundamental owned by the token itself. Base network owned by coinbase but scammers were trying to do the same like when they were issuing so many tokens on BSC for scamming purpose.
You must be careful with it. I think that if there have been so many awareness about this. I have been only receiving my aerodrome airdrop on base.
I never trade other token because it's very risky.

GreatArkansas

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Quote from: Adigvcdh on September 05, 2023, 04:08:37 PM

a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

Yep, and there are a lot of rugged tokens there especially when it was started, a lot of people lost their money because hoping that every new altcoin will just pump and pump even how shitcoin it is.
And after that, it was only hype and only in the beginning, so lucky for people who was able to get out immediately and made good profit or just breakeven.

JeffBrad12

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it will probably be the same as the brc20, the token minted at early stage are being valued so high and grow in value so easily and fast, meanwhile after that, not much I hear from brc20 ecosystem birthing a new token that could do the same feat.
i imagine it will more or less the same with base token, it was massive at first and then slowly being forgotten. though you could simply always try it out, after all it seems that with base, the token released are still not that much and its still on its early phase so I guess thats one reason to follow the growth of this blockchain.
though almost certainly you know what the ending will be.

Nwada001

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When making investment decisions on a particular token, one should look beyond just the price impact since it was launched but rather at the use case of such a coin, as what the coin can be used for is among the things that can sustain its price longevity, as token prices can now be manipulated by project teams just to draw the attention of investors no matter the place or network that token is being developed.

Another thing is that just because a coin that was recently launched has done 10 times does not mean it will do another 10 times in the coming weeks, as the week to come might be its time for correction, so always be mindful of what you buy.

Adigvcdh

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a new base network has recently appeared, and immediately after the appearance, the first tokens on base grew hundreds of times in a day. So after a few weeks, is it worth investing now in new tokens on this network or not?

Topic: Investing in tokens on the base network (Read 201 times)