Know what you getting into - page 2.

filterMX

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Activity: 406

Merit: 37

Quote from: Bananington on July 09, 2020, 08:27:00 AM

It's very important to do thorough research before even thinking about investing in any coin, be it new or old, notwithstanding the hype around it or marketcap. I remember losing funds when ENG had sec issues. It happened when I bought the dip without reviewing the root cause of the dump. For new coins especially, if you won't do proper research, do not invest. If at the end you decide to invest after seeing team credibility and other good factors, do not be so fast to dump it in loss if it's long term investment.

that's right, because many beginners panic when prices go down so they rush to sell their assets without careful consideration and further analysis.

takana212

member

Activity: 462

Merit: 10

in making money in the crypto world it takes patience and a strong analysis of the prediction of coins that will rise in the future, but if you are not good at analyzing you can choose the top coins that exist today.

mersal

member

Activity: 1204

Merit: 38

Quote from: Novatech8 on July 09, 2020, 03:53:38 AM

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.

Just my kinda advice for newcomers, good luck and happy hunting

Time changed everything, in 2009 no one ever believed that bitcoin will have any real value but now it is the most expensive currency in the world which can be applied to the other few crptos as well but now we lost trust on the new projects due to scam and useless projects.Hardly anyone making money from new project in the long run so don't apply the same strategy here, just change your strategy with current market condition.

witbla

newbie

Activity: 154

Merit: 0

Quote from: hwteeer on July 11, 2020, 08:59:15 AM

Also around 2 to follow. And what are your favorites? Can you outline? Better with more info on how solution really helps, not interested in some abstract projects

The most unique one I follow is Centric Foundation with 2 their tokens - CNR and CNS. Centric is the world's first dual-cryptocurrency payment network. Its innovative and unique concept is engineered to achieve breakthrough as a reliable form of payment. You should Google them to have a better understanding

hwteeer

newbie

Activity: 112

Merit: 0

Quote from: witbla on July 11, 2020, 08:58:59 AM

That works similarly for me. And as for now, are you following (or just having in mind) many such platforms? Cause I would say that I am aware of only 1 or 2 most advanced and attractive blockchain based solutions

Also around 2 to follow. And what are your favorites? Can you outline? Better with more info on how solution really helps, not interested in some abstract projects

witbla

newbie

Activity: 154

Merit: 0

Quote from: hwteeer on July 11, 2020, 08:57:15 AM

Hey, I absolutely share your view here. Much basically depends on the solution. Talking about me, number 1 component is practical value and real benefits I get

That works similarly for me. And as for now, are you following (or just having in mind) many such platforms? Cause I would say that I am aware of only 1 or 2 most advanced and attractive blockchain based solutions

hwteeer

newbie

Activity: 112

Merit: 0

Quote from: witbla on July 11, 2020, 08:56:11 AM

I would sat that the most rational strategy is investing into solutions that have real applicable solution. For example, they adopt blockchain for some issues, existing on one or another market

Hey, I absolutely share your view here. Much basically depends on the solution. Talking about me, number 1 component is practical value and real benefits I get

witbla

newbie

Activity: 154

Merit: 0

I would sat that the most rational strategy is investing into solutions that have real applicable solution. For example, they adopt blockchain for some issues, existing on one or another market

bangdol

member

Activity: 345

Merit: 10

Quote from: tiang_tower on July 11, 2020, 07:31:59 AM

Controlling oneself is indeed not easy, because every human being has a greedy nature and limits on his patience, so it is very natural that we sometimes make mistakes because we are impatient with something.

it's very difficult. I often become greedy with trade and investment. even though I have made a price and length of time planning but sometimes I see more potential and wait longer. sometimes it's good it ends badly.

smyslov

sr. member

Activity: 2030

Merit: 269

It's your obligation to yourself to always know what you are getting into do not be in a hurry and do not be confused and most of all do not go for hype people are losing because they follow the hype and FOMO, you must become good at distinguishing hype coin to real project with potential.

tiang_tower

full member

Activity: 826

Merit: 100

Quote from: Jancuki on July 11, 2020, 05:52:28 AM

Indeed, all of them need a process in order to get what they want. Sometimes I am always impatient or even too ambitious in getting profits. Know that it is actually not good, try to always do step by step all at once you can understand the results you get and always be able to control yourself.

Controlling oneself is indeed not easy, because every human being has a greedy nature and limits on his patience, so it is very natural that we sometimes make mistakes because we are impatient with something.

iv4n

legendary

Activity: 3248

Merit: 1179

Know what you're getting into, before you cross the street look left and right! If you invest your money, check them deep, the deeper the check is safer your investment will be. Think about your actions, many people tend to do things blindly, and they complain later. You need to know as much as you can, it's how you can minimize the risks. This should be a life lesson, not just about crypto, learn how to pay attention on everything you can, and you will be just fine!

NavI_027

full member

Activity: 1232

Merit: 186

Quote from: Novatech8 on July 09, 2020, 03:53:38 AM

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today?

Fair enough but dude the market scene couple of years back is very different in recent times. Many have changed since crypto became more popular. Today, you may actually realized that most of the projects sprouting serve as a gateway for the scammers to steal our money. If not, they ended up a failure after the dumping season ~ change my mind Grin

.

Jancuki

member

Activity: 789

Merit: 10

Indeed, all of them need a process in order to get what they want. Sometimes I am always impatient or even too ambitious in getting profits. Know that it is actually not good, try to always do step by step all at once you can understand the results you get and always be able to control yourself.

reliable

full member

Activity: 868

Merit: 151

Quote from: orengitu on July 11, 2020, 01:07:12 AM

Getting into crypto space, there are some things to learn ranging from knowing good project, when to invest in a project. As we all know that Rome is not built in a day, before starting crypto learning the basics is very crucial. Newbie have a lot to learn you can't just jump into any project which can only be don't through a lot of research.

During initial days for any new people those are very crucial because one should be learning and knowing the bit about crypto and then only start to invest in the different coins or be it trading in different coins. Just blindly investing in any coins or in any project could be dangerous as crypto is highly volatile and involve high risk when invested without any research.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: Novatech8 on July 09, 2020, 03:53:38 AM

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.

What list you are referring to? Marketcap listing? That is a big trap to make to make you deceived while you are rushing for altcoin investments. Agree or not both the coins that you have mentioned as shitcoins compared to bitcoins. XRP is still a shit and may get bankrupted at any time while ethereum is struggling against its competitors due to unable to cope with their own roadmaps (it is good to be steady while achieving your goals but when other devs are copying your plans, you might need to react rather than delaying with your own ideas).

I have mentioned many times here on this altcoin board about not get into corporate coins, XRP must be one of them. We are getting at least one topic about XRP/Ripple corporation for every week which makes people interested on them regardless of their background.

Marketcap listing/ranking are highly manipulated one. Do not make your investments based on that.

jcpone

sr. member

Activity: 685

Merit: 250

Quote from: Novatech8 on July 09, 2020, 03:53:38 AM

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.

Just my kinda advice for newcomers, good luck and happy hunting

Ethereum and Ripple right now are no doubt one of the top and useful token in most of the countries nowadays.
Just like here in my place Ripple and Ethereum are both accepted in our local exchange of Bitcoin. Which means,
it shows only that they both build a strong community worldwide now.

ethereumhunter

hero member

Activity: 2912

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Leading Crypto Sports Betting & Casino Platform

Quote from: Dexion on July 10, 2020, 06:15:41 AM

Quote from: ethereumhunter on July 10, 2020, 06:09:00 AM

It is important always to learn, especially to learn from your mistakes, because that can help us to grow and improve the skills that we have. We don't have to follow whatever people suggest before we know the truth to decide whether to invest. By always researching what we want to invest, we will know what we need to do. Sometimes, we need to be patient before making a big profit because that will not always happen in just one night.

developing our skills and abilities before making choices is very important. but sometimes when I can no longer find good new projects. I just look at the market and choose assets randomly for my short-term trading. free up time to look for small profits.

If we can not find good new projects, maybe we need to take a break for a while because if we force to find, I am afraid that we might not get the right project. We just need to sit and watch the market, and maybe that can help us see something inside the market. Sometimes that can work for you to find the coin because if we can calm down for a while, we can see the opportunity will come to us.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Quote from: Novatech8 on July 09, 2020, 03:53:38 AM

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.

Just my kinda advice for newcomers, good luck and happy hunting

Most of the people who get scammed or tricked into buying some shitcoins or suffer a loss in their trading journey don't do a proper research and they don't know what they are getting into. You have a great point there that people should know what they are getting into and this can only happen when people start doing a proper research on their investments. I am quite sure that if everybody starts evaluating their investments with proper research then people will suffer from less number of scams and the market will mature rapidly since people will only invest in coins with greater potential.

gaston castano

sr. member

Activity: 1526

Merit: 251

and some people also say that ranking high in cmc doesn't mean that it's a good coin and not classified as shitcoin.
it's like being manipulated, you or anyone can create a coin with a supply of 1 billion coins and appreciate each of your coins worth 5 $ and your coins will be directly in the top 10 cmc.

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