Cryptocurrency will never be acceptable to newcomers because to learn about cryptocurrency you must gain experience. And with experienced senior brothers to learn about cryptocurrency Must consult. Those who are new to the forum will never be able to see a website and tell about a project or a good side about coins. Because of the new way of arranging white papers, projects, websites Brings.
That is why it is never possible to judge newcomers by looking at websites, white papers, and projects.
Topic: investing is in crypto do not be deceived by hype or publicity (Read 201 times)
You can only eliminate obvious shitcoins by looking at the whitepaper, otherwise there is no way to know whether a project actually has anything worthwhile to offer by looking at the whitepaper. Not even an expert can do that, let alone a complete newbie. For example by looking at ethereum's whitepaper you will never figure out that it is a premined centralized shitcoin with a mutable blockchain!
Not to mention that a good scammer creating a shitcoin would know how to fool people.
Newcomers should stay away from altcoins altogether.
Not to mention that a good scammer creating a shitcoin would know how to fool people.
Newcomers should stay away from altcoins altogether.
There are different kind of investors and traders. Those smart guys who know how to ride and earn prodits short to mid term then those who arent.
Simple things can be grasp from it. As altcoins arent all legit but only depends on the project trend or hype. Im not saying all are hype, caused there are some trch based projects that arent really hyped but isnt just notice actually. So its just depend which one is best on marketing.
Simple things can be grasp from it. As altcoins arent all legit but only depends on the project trend or hype. Im not saying all are hype, caused there are some trch based projects that arent really hyped but isnt just notice actually. So its just depend which one is best on marketing.
Bitcoin is for the 100% or in other words, for everyone.
However, it is a zero-sum money game. So everyone are free to join but there are winners and losers in the game at specific period. In future, more capital will flow into Bitcoin market that will contribute to its higher marketcap but the zero-sum money game is still the same.
Hype, FOMO are parts of this game. It is an explanation why each four years, there is massive hype around Bitcoin even people know very well even years ago that halvings are scheduled each four years. They also know about the Controlled supply of Bitcoin. [1]
https://en.bitcoin.it/wiki/Controlled_supply
However, it is a zero-sum money game. So everyone are free to join but there are winners and losers in the game at specific period. In future, more capital will flow into Bitcoin market that will contribute to its higher marketcap but the zero-sum money game is still the same.
Hype, FOMO are parts of this game. It is an explanation why each four years, there is massive hype around Bitcoin even people know very well even years ago that halvings are scheduled each four years. They also know about the Controlled supply of Bitcoin. [1]
https://en.bitcoin.it/wiki/Controlled_supply
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There are several things that we must consider and research when going to invest in certain projects, moreover of whether that is the new project. New project commonly has higher risks compared to old listed projects, although it may sometimes give higher turns. Once we are successful to pick the right project, we may be able to turn the profits highly. But vie versa, when the project si dead, even before listing, we may face a high risk of loss. That is why everytime to be related to new project, I always do these:-Research and research
- Listed on exchangesor not yet
- Possibility of the profits and loss
- Put only few dollars, not all in or not much money
Howevr actually,I eprsonally still prefer to invest in top projects that have been listed on top exchanges
That's the reason why investing in a crypto that you have found without doing some background check of the token if it is profitable either short term investment or long term investment. It is a great importance that doing research will help you invest to the right crypto. If you're not sure where to invest then you should focus investing on Bitcoin, Ethereum and other top coins and altcoins. To start with, It is a good portfolio if you only invest in those crypro like Bitcoin and Ethereum. Good luck from Nakamura12, Ciao.
Take time to learn & enquire knowledge about different cryptocurrencies offered,make a research on blockchain technology,There are many primers on blockchain technology that are written and broken down for easy understanding for beginners and everyone's guild
There's no way you can understand each projects on their technical aspects very easy, those articles written to make the readers to understand are mostly missing many stuffs that need to be explained and they only give you generic explanation. Are you really sure you can learn, made research and understand of all coins listed on CMC? personally I doubt it. Honestly I have spend a lot times to understand Bitcoin, after around a year, I still don't understand it all. This mean learn and understand a single project will take you so many times to spent.
Pretty simple logic, get into the hype, take your profit, and out. Cryptocurrency overall depends on hype, to be honest, we can't ignore that fact. Most of the time we lose because of our greedy behavior. We do not sell to gain more and REKT when the hype is gone. That's how even I lost on a couple of projects. So we have to control our greedy behavior to take profits.
Investing into something new with proper knowledge about it is always good for beginners who have no knowledge about it earlier. In crypto space it is something similar but not always the same actually. The hyping most times gives edge over for investors to come in and trade. They will be hyped initially and the lucky ones will make their profit even if the project doesn’t work out in the end. Some people believe in hyping when investing into a new project in cryptocurrency.
I doubt HYPE or PUMP is the new normal for the acceptability of cryptocurrencies in the crypto space. Yes, it might gain highs unimaginable in no time but we all know better. It falls right back to the dirt it rose from. Using this bearish market for an example, most coins arr down never to rise again whole, some might struggle until the surge comes and they go stabilise once more. In fact, its in times like this that one can get to identify a project that have got some potential to it.
Of course, white papers can be professionally written and other gets to be plagiarised, for sure most users don't care much about the white papper in picking a crypto investment but give reasons to the hype attached to it and that doesn't make it right as, it counts towards its crash as well. Although, these @White pepper offers some incentives to it and you can tell that before the hype, there must have been those that have bought into the idea of the white paper and pushed forward with veteran investors on the project. That was the case of DOGE, Shiba, Luna and even Apefinance.
Of course, white papers can be professionally written and other gets to be plagiarised, for sure most users don't care much about the white papper in picking a crypto investment but give reasons to the hype attached to it and that doesn't make it right as, it counts towards its crash as well. Although, these @White pepper offers some incentives to it and you can tell that before the hype, there must have been those that have bought into the idea of the white paper and pushed forward with veteran investors on the project. That was the case of DOGE, Shiba, Luna and even Apefinance.
Are there experts in writing whitepapers?
If yes, what makes you think that an expert cannot be hired to write a whitepaper for a non solid project. Since this is the most reliable factor for you to determine a good investment, when it is handled by an expert, a poor project can be mistaken to be great.
If yes, what makes you think that an expert cannot be hired to write a whitepaper for a non solid project. Since this is the most reliable factor for you to determine a good investment, when it is handled by an expert, a poor project can be mistaken to be great.
You are right, and some of the scam projects that were advertised here in 2018 did not spare money for people who could professionally write a white paper. Moreover, entire offices were filmed with the logos of these projects, right down to printing the logos on dishes and clothes and hiring famous actors.
But as a result, the scammers worked off all the money they spent on advertising at the expense of naive investors, just like the OP, thinking that if everything is beautiful, then it is legal.
OP hype is how we make profits in the crypto space, if I had listened to those saying that meme coins are generally bad I won't make some profits from shiba inu at it's all time high, same thing as the other few meme coins in the space.
No matter what you do, you will always be on the verge of having success or not. It's always going to be the part where you make it seem easy to profit or a project to believe in, but it's always what matters. It's always better to have excellent credentials instead of having no credentials for projects and the people involved in them. How can you trust it if there are no results or substance with what they have?
It's terrible to be deceived because it has been happening in cryptocurrency. No matter how good the project is, the people who support it are essential. Then it will grow in its entirety. Investments would be suitable if you believe in what you are investing in, so you wouldn't be so emotional.
It's terrible to be deceived because it has been happening in cryptocurrency. No matter how good the project is, the people who support it are essential. Then it will grow in its entirety. Investments would be suitable if you believe in what you are investing in, so you wouldn't be so emotional.
Research is the basic step you need to take before making a decision. But in some cases whitepapers (altcoins) sometimes cannot be used as a benchmark to determine that project (A) has future potential.
Often times, scammers redesign another project whitepaper and then make it as unique as possible just to attract visitors who see it. It's no wonder that a company makes huge profits in this dirty way.
Often times, scammers redesign another project whitepaper and then make it as unique as possible just to attract visitors who see it. It's no wonder that a company makes huge profits in this dirty way.
Are there experts in writing whitepapers?
If yes, what makes you think that an expert cannot be hired to write a whitepaper for a non solid project. Since this is the most reliable factor for you to determine a good investment, when it is handled by an expert, a poor project can be mistaken to be great.
You also mentioned about the blockchain usability of the projects. All these are correct, but the success of a project is determined by the acceptability of the project to the community and this is best achieved by publicity and hype.
Can we know the blockchain usability of Dodge and Shiba?
But these coins gained popularity by hype. So, it might not be 100% right to rely on whitepapers only.
If yes, what makes you think that an expert cannot be hired to write a whitepaper for a non solid project. Since this is the most reliable factor for you to determine a good investment, when it is handled by an expert, a poor project can be mistaken to be great.
You also mentioned about the blockchain usability of the projects. All these are correct, but the success of a project is determined by the acceptability of the project to the community and this is best achieved by publicity and hype.
Can we know the blockchain usability of Dodge and Shiba?
But these coins gained popularity by hype. So, it might not be 100% right to rely on whitepapers only.
Simple, ignore more new altcoin projects and start investing in bitcoin and top altcoin that have earned the trust of the community.
You should realize that investing is actually for profit, not mandatory in new altcoin projects because based on purpose there are many assets that are safer than most altcoin if you want to make a profit and one of them is bitcoin. So far bitcoin has established itself as a great asset to have in your investment portfolio, so if the goal is to make a profit then keep things simple so you don't get swayed by the hype or anything that plunges you into a loss.
You should realize that investing is actually for profit, not mandatory in new altcoin projects because based on purpose there are many assets that are safer than most altcoin if you want to make a profit and one of them is bitcoin. So far bitcoin has established itself as a great asset to have in your investment portfolio, so if the goal is to make a profit then keep things simple so you don't get swayed by the hype or anything that plunges you into a loss.
Quite often the technical aspects of a project are difficult for people to fully understand, especially for the non-tech person, but the truth is, you really do not have to know too much about the technicalities of the network, there are must know basics that would be easy for you to wrap your head around and grasp it, and sometimes what you really should be looking out for is if the project has an actual utility, Bitcoin does have for example, so from there you can take things up, and learn how to safely hodl your coins, you would also learn certain rules of thumbs, like you should not invest more than you can afford to lose, keep your private keys to yourself alone, etc. Having said that, if you do your research and find out a project does not have any utility whatsoever, it is safe to say that should be the end of your interest in that project, except you are prolly a pump and dump investor.
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Some people can check the whitepaper and notice it is plagiarized. It is easy for scammers to plagiarize one or two whitepapers than to bring up their own initiatives and what led to their fake project. Some people fall for this scam, but which is easily avoidable if the whitepaper is checked for plagiarism.
I understood your point. Some projects can still have unique whitepaper but not unique itself. Some became pump and dump while some later failed. Example at recent is Terra Luna and UST that were created by Terraform Labs.
But, actually, some people can still go and read the whitepaper and make some approaches to know if a project is true or fake. But, even if a project is not fake, there are still chances that the project can become a failed project. There will be more competition as more coins are created, over $19600 coins and tokens are currently existing while nearly most of them are shit and dead coins.
Take time to learn & enquire knowledge about different cryptocurrencies offered,make a research on blockchain technology,There are many primers on blockchain technology that are written and broken down for easy understanding for beginners and everyone's guild
There's no way you can understand each projects on their technical aspects very easy, those articles written to make the readers to understand are mostly missing many stuffs that need to be explained and they only give you generic explanation. Are you really sure you can learn, made research and understand of all coins listed on CMC? personally I doubt it. Honestly I have spend a lot times to understand Bitcoin, after around a year, I still don't understand it all. This mean learn and understand a single project will take you so many times to spent. 
When considering an investment, take your time to read the project’s white paper before venturing into any
There's no way an individual who's never worked with cryptography before - or computer science as a whole if you want - to understand those hard-to-grasp concepts that are written in a whitepaper. Bitcoin's whitepaper is far more simple to understand than "The future of oracle networks" or "Proof-of-Useful-Work" and it still contains concepts such as "Timestamp Server", "Proof-of-Work" and even poisson distribution math that isn't understandable by the most. You'll be far more safe if you invest in things you're sure you understand.
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