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Topic: Is the new cryptocurrency worth buying (Read 1663 times)
The Crypto space is becoming more dangerous for investment because dips now happen on regular days and weeks, there by becomes a common thing or usual thing. The new Cryptos are worth buying only if you buy wisely and in a speedy row. Cryptos pump and dump, those that bought it when it's dumping are definitely going to loss and those that bought it when pumping, the ones that enter the position late due to FOMO will also lose. For me, I'm Stick to top influencers in the space like CZ, and Elon Musk that have several quotes on these altcoins.
Following influencers for me is also dangerous if you don't enter at the right moment. because you know for yourself how the market has been moving fast lately. especially for new crypto.I doubt the new altcoins that are released then make a fairly high trading volume. and it turns out it won't last long enough. if you want to buy a new crypto asset that you feel has a good long-term project. there will be many aspects to consider.
but in the current market conditions, perhaps focusing on top market assets would be a wiser choice than choosing a new altcoin.
They are worth it only in case you're sure that it won't die soon. Many projects grow fast and die with the same speed or even faster. New coins are good only in a short-term investment
that's true there required some analyzation before investing in these newer project since they have bigger chance of losing their value sooner than the already existing alts that's already famous like ETH and BNB.most of the time, the newer coins are just gonna be losing their value as soon as their fame fading, as a result they become shitcoins.
The Crypto space is becoming more dangerous for investment because dips now happen on regular days and weeks, there by becomes a common thing or usual thing. The new Cryptos are worth buying only if you buy wisely and in a speedy row. Cryptos pump and dump, those that bought it when it's dumping are definitely going to loss and those that bought it when pumping, the ones that enter the position late due to FOMO will also lose. For me, I'm Stick to top influencers in the space like CZ, and Elon Musk that have several quotes on these altcoins.
They are worth it only in case you're sure that it won't die soon. Many projects grow fast and die with the same speed or even faster. New coins are good only in a short-term investment
Well, like I earlier stated, it’s a good thing you got a return on your investments with bitcoin. I think you shouldn’t rely on what your friend or people advise to make your decisions on what to invest in. While it’s always good to review opinions and thoughts of your friends and advisers, it’s best you do some research yourself to be able to make good decisions.
Back to your original question, you never stated what new coin you were advised to invest in
Back to your original question, you never stated what new coin you were advised to invest in
Yah if you invest in good project early then you will get huge from a new project if its getting hype on market. Not for all types of project! You should look on project usecases and real time benifit then you can invest and you will earn lot from this!
That's it with most new projects, they're all for the hype. Only a few get the real use case and actual usage from what it's intended for but other than that, the majority of them only need to be hyped so that they get attention from the masses that shall pump their value.If somebody wants to get into new projects, make sure that you're prepared for any case and outcome. It's not always that they're profitable and also not that they're always on the lose, there's still balance on it but you need to be the wiser investor upon choosing.
Yah if you invest in good project early then you will get huge from a new project if its getting hype on market. Not for all types of project! You should look on project usecases and real time benifit then you can invest and you will earn lot from this!
Invest in new projects certainly need a deep analysis, the number of scam projects makes us must always be vigilant, but if the new project is real and proven then I do not hesitate to invest in new projects, this is because the opportunity for profit 10x and even 100x is easier for us to get If we invest in new projects.
investment in new projects is not always very profitable, as you said, you can earn 10x even 100x, because apart from the scam that haunts new projects, the payment results are not what was planned at the beginning when investing in the project, because many of the prices actually go down and are no longer worth it. .so I agree with the friend above that don't hesitate to analyze properly every time you want to join a new project. deception in a situation like this is not a strange thing anymore and has become like a new livelihood for Dev.
Invest in new projects certainly need a deep analysis, the number of scam projects makes us must always be vigilant, but if the new project is real and proven then I do not hesitate to invest in new projects, this is because the opportunity for profit 10x and even 100x is easier for us to get If we invest in new projects.
Now my friend W has recommended a new cryptocurrency to me. Should I invest?
I didn't have time to read all of them, _JamesBond_ may or may not have answered.Question: can you tell us what kind of crypto your friend recommends for investment.
Sometimes there are new cryptos that have a good investment value, depending on the seriousness of the founder and team to develop the project in the crypto market.
New altcoins have a huge risk simply because most of them don't survive in the long run. Those who benefited and made big profits are mostly those who took advantage of its pump and dump for a short-term period. There are still lots of potential altcoins nowadays but it's ideal for long-time investors to buy well-established coins. Experienced investors are being skeptical in choosing projects, especially now that we're in the bearish season.
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Some altcoins are worth buying but it depends upon the concept or the team behind the project, and the most important is the use case and the possible future development of the new crypto currency, we can have more advantage if we do research before do buying, because though research we can have an advance sight on the new cryptocurrency or new project so research is very important.
It's not just the team and concept but also tokenomics, marketing, funding, and utility that are important. It takes a lot for a project to launch successfully. Another issue is that if you launch on an EVM chain, like what MAXX finance is doing, your contract needs whale protection because bots will do something called "MEV" and give you bad prices when buying and selling on a DEX. Now my friend W has recommended a new cryptocurrency to me. Should I invest?
If I may know, what cryptocurrency do you mean, there are several new projects at the moment, all of them are still following the Bitcoin price movement, if you have a lot of time in the forum, I think you can provide information about the new coin, because I am interested in investing in new coins that do not yet have a market cap of the current 100 list. 
Some altcoins are worth buying but it depends upon the concept or the team behind the project, and the most important is the use case and the possible future development of the new crypto currency, we can have more advantage if we do research before do buying, because though research we can have an advance sight on the new cryptocurrency or new project so research is very important.
Most of the coins in the market now especially the new ones are useless and they don't always have a strong team that can back the project to do well in the market. Now that the Crypto market is down, I don't think this is the best time to invest in the altcoins market. Most new coins in the market now had really fallen dip more than expected and holders need to be cautious of what they are holding or risk losing.
You believe in the market and you invest over it. When you're to make an investment over cryptocurrencies do the research as much possible and go for it. If you keep receiving investment advice from others, at some point you'll get anger. So, when it comes to new coin investment analyse and do the right automatically you'll receive good return now or in the long term.Another thing whether it is bitcoin or altcoins or new cryptocurrencies. It is always good to invest at the bear market to experience profit when market turns bullish than investing at the top and again looking for good return out of the investment.
Most of the coins in the market now especially the new ones are useless and they don't always have a strong team that can back the project to do well in the market. Now that the Crypto market is down, I don't think this is the best time to invest in the altcoins market. Most new coins in the market now had really fallen dip more than expected and holders need to be cautious of what they are holding or risk losing.
Bitcoin has gain ground in many countries. In fact Bitcoin atm has been installed in some countries. Bitcoin has gotten good attentions from people worldwide... Bitcoin is worth buying now to save the future. Those who bought it in 2008 are billionaires now. Save for future..
That's a good point but now that BTC has increased in value so much, it will be difficult for it to increase more. A 10x on Bitcoin put's its valuation at something like 5 trillion dollars. It's much easier for a microcap like MAXX or UTNP to 10x than it is for BTC. This is one of the biggest reasons why people invest in altcoins.
Bitcoin has gain ground in many countries. In fact Bitcoin atm has been installed in some countries. Bitcoin has gotten good attentions from people worldwide... Bitcoin is worth buying now to save the future. Those who bought it in 2008 are billionaires now. Save for future..
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