Topic: Just a quick warning (Read 1959 times)
Absolutely senior, a word to the wise is always enough sometimes you see how people put their trust in some coins as if they are coming to overtake BTC and ETH. With all sort of hype and developments most coins just come and just ruin many people investments. Always invest what you could afford to lose.
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Not true all the time. Sometimes, one basket is good enough to put all your eggs. Example- BTC. It is true that most projects are nowadays trash and scam and there is chance that you will lose ypur investment even. But why the need of investing in project without proper research? If anyone does that, chance of losing is low.
No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do not fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart
Simple average calculation to understand the bad situation of any one coin. Coinmarketcap has over 2K coin, you selected single coin to invest, this winning percent will be 0.05%. your earning percent will be very low. Big investment in top coin and low investment for new coins. Bitcoin or Ethereum is for long time holders
Thank you so much for this advice for this advice, I do not trust any coin anywhere anymore be it where ever including the exchange that claims to be the best. I have been hurt severally with lots of failed promises from projects and have decided to be more careful
yes that's right, even though it's a popular altcoin but still don't invest in 1 project because it's very risky. if you really want to invest in one coin, choose bitcoin
No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do not fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart
This is true, i trust in this project because they have a great development and real product. But the token price always drop since last year and now is worthless, seems the team don't care about the price.
Never stop searching for opportunities because you will never know when you will find that one that will change you financially. Smart people move along with smart mind. They know better what to dig, where to dig and how to dig . Variety is something good in crypto . It is always a good thing to have choices when one of your assets fails you still have another to carry you around and continue your trading or longterm investments. Be Smart and at the same time, be ware .
I agree don't focus only one, always searching the project because who knows you will spot a good projects that you confident to invest.
New project aren't look guarantee to be choose for investing since a new project that just released will only get pump and suddenly being dumped and that the worst thing. Even if you aren't lucky the project price will have no value at the end and most of them has became a culture. Take a look with some IEOs project even it was launched by binance.
Most of them only have a high price when it was traded but after that maybe it took several months to see it is price is down drastically.
The bolded is even an overstatement. Within a very short period of time, you would have seen the project down again Although, most of the IEO on Binance do not go back to their IEO prices. They still trade a little above the IEO price or the initial trading price.
If you talk of other shit exchanges, I can agree that it is worse. Imagine an IEO on P2PB2B, you can never see the coin trade at its IEO price, Before you know, it would have dumped so hard.
Irrespective of the exchange on which the token is listed, the OP opinion should be taken to.
I agree don't focus only one, always searching the project because who knows you will spot a good projects that you confident to invest.
New project aren't look guarantee to be choose for investing since a new project that just released will only get pump and suddenly being dumped and that the worst thing. Even if you aren't lucky the project price will have no value at the end and most of them has became a culture. Take a look with some IEOs project even it was launched by binance.
Most of them only have a high price when it was traded but after that maybe it took several months to see it is price is down drastically.
No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do not fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart
This is true, i trust in this project because they have a great development and real product. But the token price always drop since last year and now is worthless, seems the team don't care about the price.
The only coin that's worth relying on is Bitcoin, I can't even hold on to Ethereum alone in my portfolio, with 6 to 8 different altcoin you will be at peace, though top altcoins on top 20 will be better
I think most of us started with Bitcoin, but as we are going forward we are adding more coins on the list.
I have more then 10 coins now, and couple tokens. I didn't invest in them at once, more you hang out
in crypto-market, you have more chances to notice some promising projects!
I don't see this topic as some warning, I see it as a good advice for people who are getting in crypto-
currencies for the first time!
The only coin that's worth relying on is Bitcoin, I can't even hold on to Ethereum alone in my portfolio, with 6 to 8 different altcoin you will be at peace, though top altcoins on top 20 will be better
No matter how promising a project might look, especially if they are new projects just look them as if they have nothing to offer and invest only what you can afford to lose. Do not keep your eggs in one basket, do not fall in love with a single coin, no matter how good they are always keep digging, many more good gems won't hurt than relying on a single gem 💍. Be smart
I have kept my all eggs in one basket two years ago in CYFM and MFTU. I have lost my all investment as both tokens now shit coins and about to dead now. From then, now i am aware and don't invest in shitcoins. I always try to invest in top few coins but not all assets in same coin. I hope your opinion will help new investors.
I agree don't focus only one, always searching the project because who knows you will spot a good projects that you confident to invest.
The idea that do not put all your eggs in one basket is old but that is true because if you all in your money to investment and if that is scam you cannot recover because you lose all your money. The smart investors are dividing their money to different investment but not only diving they need to find a teue and legit project that their money will grow...
Something like this could only learn in a cold lesson. I used to be exactly like OP mention. Gone too familiar with a single project, didn't even care for anything else. Put everything, time and money in that single project and when it crashes down I finally learn how stupid I am.
I no longer believe if there is a promise of a new project because the plan might change at any time or not on time, and if I always do research before investing so that my investment makes a profit. Besides, it's better to put money on projects that are already running or look promising, even though maybe one day my expectations don't match reality.
I loved reading your warning post. Depending on just one thing, we can't really move forward. We must always look for alternative routes. Just as a matter of course, we cannot rely on one coin. We need to research other good coins and find out. And with all the good coins to move forward. Only then can you find success in life.
Yes, that's right, if you only depend on one coin, it will certainly take a long time to have an advance, because the benefits are very limited, so it would be better if someone could want to examine other coins for faster progress in one's life. Yes, absolutely right, because whatever the work must always be accompanied by knowledge and a calm soul, because in investing it is strongly recommended to control our emotions so that they are not greedy and misguided, because the risk of investing is enormous.
Always rely on projects that proven a lot in the market and not for huge promises that double or triple your money for an instant. Everything works for a reason and all must flow in the right process. Good investors rely on not just for the price but also it's technology and application. It's not bad at all to be questionable and always stick with your investment strategies. Put the money first in secure tokens then invest for the cheap coins but it has a great potential in the future. Agree, do not be tempted by the lure of price increases up to 2 or 3 times. Prices will rise naturally if the project can produce products that can be used by many people and investors will be interested in investing in the long term
Yes, absolutely right, because whatever the work must always be accompanied by knowledge and a calm soul, because in investing it is strongly recommended to control our emotions so that they are not greedy and misguided, because the risk of investing is enormous.
Always rely on projects that proven a lot in the market and not for huge promises that double or triple your money for an instant. Everything works for a reason and all must flow in the right process. Good investors rely on not just for the price but also it's technology and application. It's not bad at all to be questionable and always stick with your investment strategies. Put the money first in secure tokens then invest for the cheap coins but it has a great potential in the future. Jump to: