Learn from a brother's mistake | Bitcointalksearch.org

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: bittick on February 17, 2023, 06:36:11 PM

Quote from: Rengga Jati on February 13, 2023, 04:52:58 PM

Quote from: Outhue on February 09, 2023, 12:21:07 PM

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

risk management honestly means nothing if all the coins we invested in for the sake of diversification are just bunch of shitcoins in general so yea, it's better investing in bitcoin and ethereum.
wanted to add one thing that is diversification doesn't necessarily means equal distribution among the coins we invested but instead always invest heavily in coin that's famous and have massive liquidity like btc and ethereum.

Risk management should take into account the coins in which we could be interested in investing, however for what I can see it seems many newbies think diversification is all what they need in order to control the risk they are taking and this could not be further from the truth, in fact I would venture to say that in this market diversification is a huge mistake if our aim is to hold our coins for the long term, as there are only two coins which are worth to hold that long and those are bitcoin and ethereum.

Cling18

full member

Activity: 1708

Merit: 126

Quote from: ?? on ??

This is a perfect example of why investors should think twice about investing in new projects if something goes wrong investors may lose everything on the table. Diversifying the altcoins portfolio and making some research on the newly launched projects can save the day instead of fighting back on social media. As explained by other users, we shouldn't put all eggs in a single basket.

As much as possible, we shouldn't rely on new projects when it comes to long-term holding because most of them don't survive in the long run. Doing a series of research would help and not just through the coin's community, reviews, and feedback. Always pick coins with a strong foundation and trusted developers behind them. We all know how risky altcoin investing is so we must learn how to manage the risks by being observant and wise in buying potential coins.

lalabotax

full member

Activity: 1582

Merit: 132

BK8 - Most Trusted Gambling Platform

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

This is a really sad mistake. Investing all in one project which not the top project will be very high risk. Whatever the promise of the developer about the project, NEVER TRUST THEM.
This is really a worthy experience for us, but for him, I know that it really hurts. I don't know what made him exactly believe 1000% in that project so investing much money in the project. Did he ignore some advice from you previously?

But, aside from the experience, whoever we are, we may be at the same time where we are expecting too high in such a project. But, we must remember that not all projects can be successful. That is why if we are gem seekers or we are investing in altcoins, we must ignore all in one basket.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

Successful people have gone through many trials and errors before becoming one. Unfortunately, there are times lessons are taught the hard way. Simply the process of learning. To how I view this, for sure there's a bit of negligence but not to blame OP's friend but to somehow emphasize the lesson; know what you are doing. Engaging into something without prior knowledge in particular with risks, won't bring you any better outcome. Checking a project or token's credibility, putting the right amount of investment, or simply just managing the risks involved given that it will always exist in the field of investment. Learn from it and seek for the betterment of any situation. Be more ready.

so98nn

hero member

Activity: 2114

Merit: 603

Multiple cases based on such downfall when it comes to the altcoin world. It is like new normal day in the world of Altcoins (not bitcoin ) which should make us think how seriously one should take the investments related to them. It’s been long time I have literally invested in new projects that are coming.

By experience, I am only investing on RVN and 2-3 other alts which are based on PoW, they are mineable and with limited supply. They at least have the security of proof, miners working around the clock thus keeping the economy alive all the time.

That’s the coin which are far trusted in my list and probably better to follow this filtering in long term.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: Rengga Jati on February 13, 2023, 04:52:58 PM

Quote from: Outhue on February 09, 2023, 12:21:07 PM

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

risk management honestly means nothing if all the coins we invested in for the sake of diversification are just bunch of shitcoins in general so yea, it's better investing in bitcoin and ethereum.
wanted to add one thing that is diversification doesn't necessarily means equal distribution among the coins we invested but instead always invest heavily in coin that's famous and have massive liquidity like btc and ethereum.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Oasisman on February 14, 2023, 04:10:30 PM

Quote from: Outhue on February 09, 2023, 12:21:07 PM

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

I was wondering, what made him to just go all the way with this alt? Is he following some social media influencer? Or a blog article? Because, most of the time, we don't fully trust our own research, we always needed some more reviews and suggestions before we put our monet into a certain alt. But in your brother's case, he put all his money in this alt? Someone just influenced him with his decision.
I'm not familiar with that alt, but based on your statement, it looks like it's a bust or something like that.
That really sucks, he could've put it all in Bitcoin instead.

For what I can tell most people have already formed themselves an opinion of what they want to do, and when they look for an advice they only do so as a way to confirm their views, they are not really being influenced they just want to hear others expressing the same opinion as them, unfortunately this means that they will ignore the opinions of others which may warn them about the dangers of investing in a particular coin, and by the time they are willing to listen there is nothing they can do.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: Outhue on February 09, 2023, 12:21:07 PM

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Some people will tell you that there's a foul play with all Binance launchpads, that there's a high tech manipulation in price and that's why they all have nice ROI once released to the market. I guess since there hasn't been any evidence as to any wrongdoing on the part of Binance, everything said should be taken as mere FUD by envious parties. Concerning the issue at hand, I ain't conversant with the Alliance Block case but there's something you said there that's instructive and that's never to put all one's eggs into a single altcoin investment. Splitting it will save the day and prevent unnecessary heartache.

Oasisman

hero member

Activity: 2716

Merit: 552

Quote from: Outhue on February 09, 2023, 12:21:07 PM

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

I was wondering, what made him to just go all the way with this alt? Is he following some social media influencer? Or a blog article? Because, most of the time, we don't fully trust our own research, we always needed some more reviews and suggestions before we put our monet into a certain alt. But in your brother's case, he put all his money in this alt? Someone just influenced him with his decision.
I'm not familiar with that alt, but based on your statement, it looks like it's a bust or something like that.
That really sucks, he could've put it all in Bitcoin instead.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Rengga Jati on February 13, 2023, 04:52:58 PM

Quote from: Outhue on February 09, 2023, 12:21:07 PM

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

Lowering the risk at which you are exposed should be a priority for investors since the more risk you take the higher the chances you will make an irreparable mistake which will take you years to overcome, if ever, and investing in bitcoin reduces your risk significantly as unlike altcoins it will not disappear out of nowhere or get hacked, yet on their desire to get more profits investors are willing to take all kind of risks and refuse to invest most of their capital in bitcoin, and unfortunately the majority of those investors end up suffering massive losses.

carlfebz2

hero member

Activity: 2926

Merit: 722

DGbet.fun - Crypto Sportsbook

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

Diversify as much as we can but we know that not all does have the money on doing so and this is why they would be sticking on investing whether on 1-2 altcoins and if they get hacked then it would be a total

fucked up situation because it is really that to recover those.I do make out several altcoin investment too and im eyeing for the upcoming bull run, even though im not that assured but at least
i did make out some risk taking on something which i do believe that it might paid off or not.

You wont really be gaining something if you wont really be making such step or risks and this had been always a part.

Desmong

member

Activity: 812

Merit: 13

Crypto bookmaker and casino

Quote from: Rengga Jati on February 13, 2023, 04:52:58 PM

Quote from: Outhue on February 09, 2023, 12:21:07 PM

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

altcoins are good when the team behind them are good and experienced and do not have the plan of making the project a rug pull. We all depends on altcoin, we might do mistake and buy the wrong projects or altcoins that will make us lose severely from the market. We need to be very careful how we invest in altcoin projects.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: Rengga Jati on February 13, 2023, 04:52:58 PM

Quote from: Outhue on February 09, 2023, 12:21:07 PM

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

it should be common sense that our biggest investment should belong in bitcoin, mainly because bitcoin is the trendsetter, any other coin always follow bitcoin because it's the most important coin ever.
the thing with altcoin is that you're more likely making profit out of altcoin investment by investing some money and diversifying it rather than just putting all your investments in one basket, the return is high but the risk is also higher.

Rengga Jati

hero member

Activity: 2072

Merit: 656

royalstarscasino.com

Quote from: Outhue on February 09, 2023, 12:21:07 PM

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Yes, as good as altcoins are, if we trust certain altcoins, not 100%, there must be something called risk and fund management. In this case, it is true that we don't put all our money in just one particular altcoin investment. because the risk is very high. Actually, if you want to lower the risk, we are better off also investing in Bitcoin as the main asset and then investing in altcoins.

Lida93

hero member

Activity: 938

Merit: 605

Leading Crypto Sports Betting & Casino Platform

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

It still doesn't makes the project an 100% assurance all because it was launch through binance pad, they can still fail to meet up expectations and crash out. The best is to never invest a huge amount into any altcoins and don't let your investment stay too long too, as some of these projects from the initial weren't built to last a longer period as against our long term intentions.

Xal0lex

staff

Activity: 2436

Merit: 2347

Quote from: shinratensei_ on February 12, 2023, 06:41:20 PM

it always lack of research that causes such investments to be massive failure, usually if you are investing in altcoin you should know how to distinguish good project from the technical aspects if you couldn't do it then you're gonna losing.
like many have mentioned it's just far better if you could always diversify your investments, i'd even considers diversifying your investments when you're investing in altcoin the only safe guarding towards these rugpulls and many more, many underestimated the importance of diversification meanwhile had the victims of the luna was diversifying their investments further, they'd still come out relatively unscathed than losing all their investments to some crashes that just doesn't make sense.

Indeed, the fact that many people do not know how to do a quality research project and their investment resembles a game of roulette, then generates a lot of stereotypes about the fact that investing in altcoins or in new projects is accompanied by increased risks. In fact, investing in altcoins is accompanied by increased risks only in the complete absence of own analysis and research, there is no strategy for the selection of good projects from bad ones. That's why many invest in all kinds of garbage, which is traded on some dex, like pancake, and then wait for a miracle that this project will grow 100 times.

SquallLeonhart

legendary

Activity: 2464

Merit: 1102

Quote from: mdzahed134 on February 13, 2023, 02:10:54 PM

i learned in few years ago, when i lost a big just for invest in a project. It’s a good strategy to invest in several coins to reduce at your risk, i always following it.

Perhaps you are again making mistake just because of your costly lesson. I mean just because of diversification, if you deliberately go for more coins then definitely you will end up biting dust. For this reason, it is highly recommended to go with bitcoin for 95% of your capital and only for the rest, you may go for altcoins. Here 95% is not your total capital of your life time; many people do mistake here.

You must diversify your capital with gold or bonds or stocks of your country and/or real estate; from this you will allocate some funds for cryptocurrency and within that capital, you should again diversify by allocating 90% or 95% to bitcoin. This way you will get better chances to secure your future.

mdzahed134

sr. member

Activity: 2226

Merit: 259

Buzz App - Spin wheel, farm rewards

I heard first time about AllianceBlock Price (ALBT), according to Coinmarketcap i see a warning possibly it’s hacked or rug pulled something like that. Yeah, i learned in few years ago, when i lost a big just for invest in a project. It’s a good strategy to invest in several coins to reduce at your risk, i always following it.

swogerino

legendary

Activity: 3318

Merit: 1247

Bitcoin Casino Est. 2013

Quote from: The Cryptovator on February 09, 2023, 02:51:55 PM

Since I am not an initial investor, this is the first I've heard of Alliance Block. But I've already learned from my previous mistakes with related to altcoin. My biggest mistake in life was picking a shitcoin, which cost me a lot of money. Then I stop investing in shitcoin. Actually, I don't need 10X. Enough if I can turn a tiny profit. Therefore, only select popular coins at the moment that follow the trends.

That is the best approach.We should focus our efforts in the top 20 coins in the list of coinmarketcap which list every coin based on their total market value.If we stay in the top 20 we have almost zero risk as most of them are coins that have resisted time like LTC,DOGE and ETHEREUM to name just a few of that list.

If we want to give a shot in order to get some decent substantial amount of profit we can start going further but not much further and invest some money or some mining power in new promising coins like ETHW,ETHF and ZIL to name just a few.However I would never invest in some unknown altcoin like this Alliance Block which is the first time I read about this here.

stadus

legendary

Activity: 3080

Merit: 1292

Hhampuz for Campaign management

Quote from: Outhue on February 09, 2023, 12:21:07 PM

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Hackers are really aggressive this time, we can't just simply ignore their presence, and spreading our investment 2-3 different projects could likely save us from them, from taking our funds. But this is not the only thing we have to check, we also consider the potentiality of the project otherwise, it is impossible to have ROI, it was just the same as getting hacked. A wise investor will never choose a project that doesn't give profit assurance like investing in new projects.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Quote from: bittraffic on February 09, 2023, 02:47:24 PM

As long as it's a new altcoin, there is always a possibility that it will be a scam even if it's launched in binance launchpad. You are investing so at least get the top projects. 5/10 is already a bad ratio. This is not the time to buy risky tokens, no more buying of unknown projects.

I look it up on CMC, they added a warning on the ALBT page that says.

It's really hard to choose on those lists of new altcoins because most of the time they were not created to add some convenience to the crypto industry but they are one of those who will gonna ruin it because they have caused so much confusion to the new investors and it was one of the reasons why people are no longer interested in investing because those who got fooled will share their stories to their families to prevent them from falling in the same trap over and over again.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: bittick on February 12, 2023, 05:55:57 PM

Quote from: Oceat on February 12, 2023, 12:40:13 PM

Nah, I don't just invest on a new altcoins that doesn't have any history yet just like how BNB made it to the scene. If you are trying to invest in altcoin especially the new one that you thought would pump in the bull run, then think again because mostly of these new altcoins they didn't last a full month before they disappear. Some will stay for two or three months but after that they'll just dump everything in the market. This is the usual pump and dump coins that's happening every now and then but still there are people that would fall from their tactics.

If you want to risk on investing new altcoins, make sure you do your own research.

here's some tips from me if someone wanted to invests in altcoins but for some reason couldn't make some research first, it's better if they would just follow the many venture capitals in selecting the project, of course the venture capital would've made their own research in regard of the project even though we all know these venture capital usually are having some deal behind the scenes but at least better than just betting away your money.

But it's still risky to invest in a project without doing research. We know that many altcoin projects out there fail to attract the attention of investors and ultimately cause the project to not go ahead with its plans. Investing in altcoins is risky, with losing money, but if you are willing to accept the risk, you can go ahead but don't regret it if, somehow, the project doesn't develop properly. For now, investing in ETH and BNB is recommended as those two coins are in the top position of the list. But to invest in other or new projects, you need to do more research to find the right project.

Sebas.tian

full member

Activity: 2184

Merit: 184

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Outhue

What lesson could be learned from this?

Never to invest all your capital in altcoins. Investing all your money in altcoins is a big risk which is not advisable, because the price can remain low more than 5 or 6 years which can cause many traders to experience losses in their trading. Investing little money on altcoins and invest big amount of capital on Bitcoin is a good ideas, because whenever the price of Bitcoin is pumping in the market other cryptocurrencies price will be pumping too, which is a sign that investing a huge amount of money on Bitcoin is favourable than investing all your money on altcoins which is risk for traders to embrace in the community.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

These investments are too risky to be taken seriously. I wouldn't put more than 0,5% of my holdings in a token like this. From the total portfolio, only 5% should be compromised with altcoins, while 95% corresponds to bitcoin. From those 5% it's possible to select the number of altcoins you wish to invest, so if something goes wrong with one or few of them, you won't have a severe loss, rather it will be minimal, so you can recover it entirely with the main investment made in bitcoin, once the market enters a new bull season.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

it always lack of research that causes such investments to be massive failure, usually if you are investing in altcoin you should know how to distinguish good project from the technical aspects if you couldn't do it then you're gonna losing.
like many have mentioned it's just far better if you could always diversify your investments, i'd even considers diversifying your investments when you're investing in altcoin the only safe guarding towards these rugpulls and many more, many underestimated the importance of diversification meanwhile had the victims of the luna was diversifying their investments further, they'd still come out relatively unscathed than losing all their investments to some crashes that just doesn't make sense.

samcoin

hero member

Activity: 1358

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

It's a costly lesson that everyone should learn. I believe most crypto investors/traders have passed the same situation as your friend's situation. Unfortunately, exploits are still happening to DeFi projects, and it seems that won't stop soon. Even big projects which reached high marketcap were vulnerable, like Luna, so every investor in a DeFi project is targeted.

Quote from: Outhue on February 09, 2023, 12:21:07 PM

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

I recommend dividing money proportionally between high marketcap and low marketcap coins or tokens when someone would like to invest, because the risk decreases as we go up in the marketcap ranking, especially if a project has been in the market for a long time without suffering any attack or exploit.

Quote from: Outhue on February 09, 2023, 12:21:07 PM

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

When Binance supports a project, it doesn't mean this project won't fail later. Luna was supported by Binance from the beginning. Binance was a partner of FTX too.

_BlackStar

legendary

Activity: 1064

Merit: 1228

Playgram - The Telegram Casino

Bitcoin has dominated my investment portfolio for years, there aren't many altcoin I have considered since then other than a few of the top altcoin. Investment portfolio tend to be good when there aren't a lot of shitcoin, even if bitcoin is the single most dominant but altcoin are also profitable. So there's nothing wrong with altcoin, but they shouldn't dominate your portfolio in the long term. After all, mistakes like that were hard to predict, but avoidance would be better than cure.

Quote from: Jackl87 on February 12, 2023, 03:41:06 PM

I think that it is very important to diversify your portfolio, even if you have a specific project that you are convinced, that this is the best project of them all and that it will give you the best profit.

Many people do it, but not all of them are successful because there are many things that can influence them in choosing and determining the future of their portfolio. As much as possible avoid the hype on certain altcoin, especially if you want to make it a long-term investment.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

Quote from: Oceat on February 12, 2023, 12:40:13 PM

Nah, I don't just invest on a new altcoins that doesn't have any history yet just like how BNB made it to the scene. If you are trying to invest in altcoin especially the new one that you thought would pump in the bull run, then think again because mostly of these new altcoins they didn't last a full month before they disappear. Some will stay for two or three months but after that they'll just dump everything in the market. This is the usual pump and dump coins that's happening every now and then but still there are people that would fall from their tactics.

If you want to risk on investing new altcoins, make sure you do your own research.

here's some tips from me if someone wanted to invests in altcoins but for some reason couldn't make some research first, it's better if they would just follow the many venture capitals in selecting the project, of course the venture capital would've made their own research in regard of the project even though we all know these venture capital usually are having some deal behind the scenes but at least better than just betting away your money.

judeafante

sr. member

Activity: 2254

Merit: 258

Quote from: Outhue on February 09, 2023, 12:21:07 PM

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Provided that all the altcoins in your portfolio are all well researched, there is no perfect research because there is no guarantee that the altcoins however good they may seem will be profitable in the long haul, its good to diversify but keep following all these altcoins and always ready to trade it to better coins, to avoid massive losses, you don't have to wait for a coin to get to the bottom before trading it.

Jackl87

sr. member

Activity: 1722

Merit: 269

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.
What lesson could be learned from this?

I think that it is very important to diversify your portfolio, even if you have a specific project that you are convinced, that this is the best project of them all and that it will give you the best profit. Especially in the crypto world there is always the possibility that you lose your complete funds in one way or the other. The platform that you are using can get hacked, if you have your tokens or coins staked on a platform. The project itself can be hacked or can be a scam or a rugpull so even if you still have the coins, then they are simply worthless.
It is always good to have a good mix in your portfolio. Some big and established projects and maybe also some small caps which obviously are high risk.

Xal0lex

staff

Activity: 2436

Merit: 2347

Altcoins are always dangerous because they can take a very long time to fall and result in a big loss of money. Your methodology for selecting altcoins is not entirely correct either. Just because a coin is listed on an exchange doesn't mean that it's a great investment. Yes, it won't be outright garbage, but that metric alone isn't enough to know that it's a good investment. You also have to look at capitalization, circulating supply, and tokenomics.

Oceat

sr. member

Activity: 2506

Merit: 368

Nah, I don't just invest on a new altcoins that doesn't have any history yet just like how BNB made it to the scene. If you are trying to invest in altcoin especially the new one that you thought would pump in the bull run, then think again because mostly of these new altcoins they didn't last a full month before they disappear. Some will stay for two or three months but after that they'll just dump everything in the market. This is the usual pump and dump coins that's happening every now and then but still there are people that would fall from their tactics.

If you want to risk on investing new altcoins, make sure you do your own research.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: sulendra12 on February 12, 2023, 12:27:41 PM

Quote from: Outhue on February 09, 2023, 12:21:07 PM

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

Looking at the story and so many red flags alert so they should be aware from it and take the action around this. This is why if it's unknown coin with low cap and gamble your money hoping to get return in next bull run with low cap is just too good to be true especially in current condition. I don't know why your brother ended up investing on that particular project, maybe he knows the best I guess?

Usually, people invest in a low cap coin hoping that one day they will get their profits like 10x, 100x or more.
However, most of these alts will be abandoned even before hitting the trading market, not only hacking or intentionally deserting the project.
This has been going on for years already when it comes new alts. Hence, a lot are going back to top alts to invest, more of them are sticking with btc.
This scenario has been seen, heard countless times, and yet, people still invest in small projects, unheard alts owed to the fact that they are thinking that it will give them hundred folds of returns.
Unfortunately, very rare that an alt project can sustain its market, let alone, increase its value thru time. Don't easily believe the devs' promises.

sulendra12

hero member

Activity: 2814

Merit: 526

Undeads.com - P2E Runner Game

Quote from: Outhue on February 09, 2023, 12:21:07 PM

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

Looking at the story and so many red flags alert so they should be aware from it and take the action around this. This is why if it's unknown coin with low cap and gamble your money hoping to get return in next bull run with low cap is just too good to be true especially in current condition. I don't know why your brother ended up investing on that particular project, maybe he knows the best I guess?

taufik123

legendary

Activity: 2716

Merit: 1855

Rollbit.com | #1 Solana Casino

Quote from: pawanjain on February 12, 2023, 09:56:51 AM

-snip-
Whichever project I put my money in, I make sure it has a good team of developers and a great support from the community.
Their founders play an important role too and so its absolutely required that the background of the founders should be clean. Only then I invest in such a project.

These are the things that must be done before putting money into the new project.
Don't do stupid things by putting money into a new project without paying attention to several factors such as the development team behind the project,
clear objectives for the project, whitepaper, roadmap, etc.

New projects sometimes do not display their development team so as investors we do not know who the people behind the new project are.
Always do research to identify whether a new project is feasible or not, if you feel that the project does not meet the criteria and does not have clear information then it is better to skip it.

vv181

legendary

Activity: 1932

Merit: 1273

What is outrageous besides the hack is the snippet below:

Quote from: https://mirror.xyz/bonqdaoblog.eth/8z7vD3nmfPhe-cwxNvVQKOuD1IkfBbP3dicjw_1SDRw

What went wrong

The attack was possible because of the bad technical implementation of the protocol, specifically the smart contract that reads the ALBT price from an on-chain oracle. The contract was badly written, was not properly tested and was not audited.

This situation happened because the governance of BonqDAO was centralized. One trusted person (the CTO) was in charge of writing the development, testing, auditing and deployment.

That is some crazy shit. a DAO has CTO? Trusted my ass, trusted by who?

The mistake was compounded by many levels of ignorance on this particular project, which are: I bet your brother doesn't comprehend fully the project, the ALBT team or community is also a moron to held their project funds into some shit up lending protocol, and lastly, this lending protocol where the craziness is addressed on the snippet above.

Where is the due diligence from ALBT when putting the funds into a third-party protocol? noting that the project is controlled by a single person and is not being audited. All of this is lunatic.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

Many people experience this at least once in their crypto journey. Investing in new projects is risky.
We have to really make sure we have done enough analysis on the project we are going to invest in.
This is the first time I have heard about this project. Whichever project I put my money in, I make sure it has a good team of developers and a great support from the community.
Their founders play an important role too and so its absolutely required that the background of the founders should be clean. Only then I invest in such a project.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: Outhue on February 09, 2023, 12:21:07 PM

~

This is the first time I heard of that coin, Alliance Block, but the experience of your "brother" is quite similar to what I experienced back in 2017-2018 when I was still trying to aim for cheaper coins just like what you usually see in ICO projects. Waited for bull market, but then it went unexpectedly worse than I thought and what's even worse is that I tried day trading at that time which was also a bad call for me.

What's the play? Welp, try to avoid altcoins if you can buy Bitcoin anyway.

@OP Since the market cap was so low, that should have been already an indicator for your brother to get his funds out as soon as possible

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

That's just how it goes in investing in altcoin markets. It's like a market of new projects and is close to a lottery at some sense, with only the basic info they present to you being the only available information you can use to judge their projects. Wouldn't call the investment wrong or anything, I mean this is something natural when investing, we all make mistakes constantly about it, but I do agree with putting everything in one basket. Well, if his budget was that low then I reckon that it was an inevitable move though.

gunhell16

hero member

Activity: 1666

Merit: 453

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

If bitcoin has an attached risk, especially in altcoins, the risk is higher. Although like others I am also not familiar with the alliance block protocol, I just saw on google that it is a platform where you can stake and so on. But he hasn't been loud in the crypto space, which means he's not liked by the majority of crypto enthusiasts in this industry.

So these types of investments should be thought of 100x times especially if you are going to put a large amount of money into it. Because based on your statement, it seems that the money entered into their platform has not been returned.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Quote from: Outhue on February 09, 2023, 12:21:07 PM

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.
(.....)

Another lesson if you hold altcoins especially new altcoins or hyped altcoins is always take profit or set a goal of what price is your target.
Don't marry your altcoins because the market is not always bull or up only, there are already a lot of market cycles from the past, cryptocurrency or non-cryptocurrency market, it's already given, it's not "up only" always.

bittick

hero member

Activity: 2296

Merit: 506

Cryptocasino.com

everyone investing in altcoins should really know what is proper management risk, it's exist and massively used for big fund companies definitely because it is proven to be efficient strategies.
the thing with many that invests in altcoin is that they just throw away their money without risk management, and hoping miracle to occurs and somehow turns their investments around and make it becomes millions but that's just wishful thinking, you should refrain from investing without proper strategy.

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: Hypnosis00 on February 10, 2023, 07:32:59 AM

Quote from: SUPERSAIAN on February 10, 2023, 06:45:58 AM

It was a painful experience for your brother, I think that he had this experience early, and I think he will not repeat this mistake, which will be positive in the future. In a way, it might even be better to learn whether to trust altcoins that much or not to invest in this way, it is necessary to look at the full side.

It is a big mistake and regrets but I think, this will help his brother to open his eyes and don't be easy with the market.
Perhaps, investing in new projects without working products is too risky, we are just lucky if they will succeed because most of them had failed and gone carrying the money of their investors.

This is to imply the importance of having research and deep knowledge of the project before investing as this will give us an idea if this is worth investing or a possible scam.

If it was his first then there are still chances that he can repeat the same mistakes again even though the mistake that he get recently is not small but he should try to avoid it as much as possible or use only a small amount this time so that the impact will only get lesser in case he failed again. Projects without a utility never succeeds.

The pump that they can possibly get is only artificial and it was created to manipulate investors, so never mistaken it as a success when it will just disappear later on. Many people are afraid to do a research because they are a newbie but they end up relying on someone else and they can fall on the wrong people or place but If only they seek advice here in the forum then it would have been better.

ultrloa

legendary

Activity: 2758

Merit: 1228

To hard to believe about getting a big profit for holding a new altcoin in the market since most of the time this tokens got only few months then die in circulation so its really bad idea for your brother to take that decision to hold since he waste his money for that action. Maybe other could see this as worse decision to be done and take profit once the project is newly built but if you are still interested on their technology then better give some time for the project owner to show how they deliver before you trust your funds back again.

bhooscream

full member

Activity: 728

Merit: 117

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

What lesson could be learned from this?

The first reason is"
Never invest in altcoins for a long term investment. Because this will be too risky and I cannot afford it. Although many people say that this project or other altcoins are very promising I personally will not take altcoins for the long term. I will only take it for trading. or, I will use it for the short term and I must analyze the best time to buy and then sell once the price rising up. Because we have seen so many times that altcoins cannot survive and will not do as they promised because many will fail before the bullish era. Learning can be from anyone and this is really a worthy experience.

Adbitco

hero member

Activity: 1428

Merit: 653

Leading Crypto Sports Betting & Casino Platform

Does it mean Binance exchange have not faced any hack before or does it mean is unhackable?
No mate, there is no centralized exchange that is 100 percent trusted or reliable. The area I agreed with you was on the side of not keep our funds in a particular altcoin and wallet, I will also like to say that people should try focused more on bitcoin rather than just altcoin. The more altcoin you hold the more complex it became because it could be very easy to loose your investment, during bear market most of altcoin couldn't make it back while some may try but lacking liquidity and got delisted from some well known exchange and that is their end.
So in summary, you must not wait for what happened to others to get you affected before you learn.
NB: Always Act Smart and Play Safe With Your Funds

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

You just don't invest in a lot of different altcoins without researching them. Personally, I'd rather invest in one single, well-researched investment rather than diversify carelessly. What happened to your brother is unfortunate, but also a culmination of his lack of experience in choosing what altcoins to put money on and the seemingly solid fundamentals of the coin he invested on. Well, in investments you are really bound to lose some anyways, and perhaps tell him to charge this one to experience and just do better the next time.

Odusko

hero member

Activity: 1008

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Altcoin investment is high risk investment and at that even though you diversify your portfolios you will still end up being hurt, because a fail in one can result into massive lose but it depend on how much you invest in them.
I don't buy altcoins but if i ever consider them in the future, i will buy only coins that i listed on at least 3 big exchanges have good trading volume over time, alot of people have lost capital is some altcoins right from wat back, and altcoins are not considered to be a secured investment but their are just gambling and anythi g can happen at anytime.
That is how bad the situation in the altcoin market is.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

Not the worst advice I have read but not the best either, if you invest in 10 different projects 10% each, what are your chances that one of those projects will do a 10x so you can breakeven? Any number below 10% most likely means you will lose money, and I really believe the chances are below that as the number of altcoins in which you can invest is huge, while the number of altcoins which succeed is many times smaller, leading me to believe it is better to avoid altcoins, at least until the bull market finally comes.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Maybe your brother hasn't gotten more information so he doesn't know if the project can fail in the middle of the road, not even reaching the ATH price like other projects. This is a valuable lesson and experience for your brothers and us, it's better not to invest too much in new projects and you should have more potential altcoins that can increase in the future.

Investing in altcoins is not bad but we really have to be able to choose the altcoins because we also don't know which altcoins will increase later. Maybe investing in the top altcoins can help us avoid scams from coins from new projects.

Coin Gorilla

newbie

Activity: 56

Merit: 0

I had a couple of similar experiences myself, and the only thing you can do is learn from it, nothing more.

Once I managed to push through to get a portion back, but that was an edge-case scenario. From that point, moving forward, only go with "safe and sound" investments. Yeah, I know that nothing is "safe and sound," but some things are more obvious than others. If it's too good to be true, it mostly is. Cliche rule, but it came out of nowhere.

Jody.Drummer

hero member

Activity: 1708

Merit: 566

Leading Crypto Sports Betting & Casino Platform

Quote from: DanWalker on February 10, 2023, 09:36:08 AM

I am not surprised, once we accept an investment in altcoins, especially new altcoins, we should determine that we could lose that investment at any time. Investing in altcoins is like gambling, you can win or lose, so always accept it no matter the outcome. Should not allocate too much capital to altcoins, should only choose 1 or 2 altcoins to invest, and should determine 99% of the amount invested in altcoins as losses, then our minds will be really comfortable.

Yes, our money could be gone even in a matter of seconds. I don't deny that there are altcoins that provide multiple benefits in a short time, but those altcoins are hard to find now.
Many say when investing in altcoins "use the money we are prepared to lose" and it is true. How many people have experienced something similar, namely they lost money in a very short time and they didn't realize it.

Shamm

sr. member

Activity: 1148

Merit: 346

Feel sad for your brother and I think not only the two of you learn from this mistake and fore sure when you shared it here a lot of user will feel sad too. For me your brother thinking that when he invested into a new altcoin Then he can make a good profit and for me if I already made even 2 times of my capital then it's enough for me cause if we chasing for something more then there's a chance that we lost our all token.

DanWalker

hero member

Activity: 1960

Merit: 547

Vave.com - Crypto Casino

I am not surprised, once we accept an investment in altcoins, especially new altcoins, we should determine that we could lose that investment at any time. Investing in altcoins is like gambling, you can win or lose, so always accept it no matter the outcome. Should not allocate too much capital to altcoins, should only choose 1 or 2 altcoins to invest, and should determine 99% of the amount invested in altcoins as losses, then our minds will be really comfortable.

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: SUPERSAIAN on February 10, 2023, 06:45:58 AM

It was a painful experience for your brother, I think that he had this experience early, and I think he will not repeat this mistake, which will be positive in the future. In a way, it might even be better to learn whether to trust altcoins that much or not to invest in this way, it is necessary to look at the full side.

It is a big mistake and regrets but I think, this will help his brother to open his eyes and don't be easy with the market.
Perhaps, investing in new projects without working products is too risky, we are just lucky if they will succeed because most of them had failed and gone carrying the money of their investors.

This is to imply the importance of having research and deep knowledge of the project before investing as this will give us an idea if this is worth investing or a possible scam.

Strongkored

legendary

Activity: 2814

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: Outhue on February 09, 2023, 12:21:07 PM

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Maybe this is true but not entirely true even though your portfolio is in many altcoins you can still experience losses that will never even reach the breakeven point because all of these coins do not provide commensurate profits.
It must always be remembered that altcoins are full of risks and are difficult to predict, even when we think the coins are good, they can actually be the most detrimental for investors, unless for the altcoins that has been round for long time, but for new projects everything is still gray, you will never know what will happen what happened might give you hundreds of times the profit but it could also end in sadness like what happened to your brother.

SUPERSAIAN

legendary

Activity: 2198

Merit: 1232

It was a painful experience for your brother, I think that he had this experience early, and I think he will not repeat this mistake, which will be positive in the future. In a way, it might even be better to learn whether to trust altcoins that much or not to invest in this way, it is necessary to look at the full side.

Even Binance launcpad projects or projects with binance labs investment can be delisted after binance. The projects are not successful just because they came out of there, but as you said, the percentage of this is high.

bayu7adi

hero member

Activity: 1470

Merit: 555

dont be greedy

Make sure your sibling understands the basic knowledge about the characteristics of altcoins with high volatility. Altcoins are even more risky compared to Bitcoin. We can see wilder price changes from altcoins because its movements are mostly speculative.

Don't involve emotions and greed when deciding to invest in cryptocurrency. Although you have many types of altcoins, you should also understand the terms BTC Dominance and Alt Season. Although you have many altcoins in your bag, dominance still favors BTC, resulting in the destruction of the prices of all altcoin assets.

If I were your sibling, I would divide my investment percentage into some top coins, including BTC, and a small percentage for investing in low volume trading altcoins.

zasad@

legendary

Activity: 1932

Merit: 4602

Buy on Amazon with Crypto

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

I did not understand what happened and at what price he bought tokens

Community Update — Snapshot Information and Token Distribution
https://medium.com/allianceblock/allianceblock-releases-community-update-on-snapshot-and-token-distribution-c6de92a4d372

Investments in such projects are very risky, but there are different strategies. If you invest $100 in 100 such projects, then some even earn money on it, but it is very difficult to keep track of all projects.
If you invest in 1 such project, then it is unreasonable.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: Outhue on February 09, 2023, 12:21:07 PM

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

If top altcoins like Terra and FTT can collapse to the hell within a few days, does it make sense that 85% of all projects with Binance Launchpad are successful?

They are still risky and you must count another risk that success you mentioned is pump and dump game. There are losers who join in pump times at peaks and stuck in dump times. Not everyone engages in those altcoins are successful investors.

Quote

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

Hacks and tokens get compromised are one of risks but another risk with small cap altcoins is their team can rug pull liquidity on DEX. Then if their tokens are not listed on any centralized exchange, investors will be rekted and lose money.

LogitechMouse

legendary

Activity: 2576

Merit: 1043

Need A Campaign Manager? | Contact Little_Mouse

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

I'm not familiar with this project until I read your thread. Did a quick research on what happened, and maybe you are telling about this incident.
https://medium.com/allianceblock/allianceblock-issues-statement-in-response-to-bonqdao-hack-6510a61fcf5c

Quote from: Outhue on February 09, 2023, 12:21:07 PM

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Diversification towards different projects (if you are focusing on crypto) is a good approach especially when you are just new to investing in crypto.

Being an altcoin investor is more risky compare to just invest purely into Bitcoin. It has a higher risk, but has a higher reward. As for me, whenever I'm investing into altcoins, I'd rather invest into the top altcoins in terms of market cap, but even that, I'm still doing research because we've seen top altcoins went bankrupt or a fraud project or a scam project. Diversifying towards different crypto coins is better, but diversifying towards different assets is for me the best approach.

Quote from: Outhue on February 09, 2023, 12:21:07 PM

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

I personally am not a fan of new projects though I know that there are some projects that are becoming successful. I'd rather take the safer approach which is to just invest into altcoins that has been there for a long time.

AliMan

hero member

Activity: 1974

Merit: 502

Vave.com - Crypto Casino

Many mistakes often taught me of hard lessons, just like this scenario which leading all eggs in one basket. That's the common phrases that comes from everybody's mouth, but unfortunately you weren't able to catch it up a lesson. Because everytime hype comes, same mistake will pull you over and commit the same error just like the old days. Personally I was that kind of dumb as person who suffers on that state of being scammed.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Make sure to do sufficient research before deciding to invest in a crypto project. Read white papers, review the development team, and look for reviews from trusted sources.

Find out if there is a demand for the technology offered by the project and if it has the potential to be a useful solution to the problem at hand.

You can help ensure that your investments in crypto projects have the potential to grow and generate good returns.

Binance has a good reputation in the cryptocurrency industry and is often used as a launch pad by new projects. However, there is no guarantee that every project using the Binance launch will be successful.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

It's my first time hearing this project and after a short browsing on their website, I saw that they have big partnership. I don't know if it's true since I didn't do any research about it but yeah if it's true, Maybe partnerships doesn't make you a good project anymore regarding on how big your partners are. I also saw that it's an AI related project which is on the current trend right now, This is where the risk at. I hate putting money on projects who is new and has the current trend concept because I believe that there is so much risk in it knowing that there could be a chance that they just made the project just to ride the hype. Investing is risky and you should understand it before you put money on it.

shinratensei_

legendary

Activity: 3276

Merit: 1029

Leading Crypto Sports Betting & Casino Platform

just to add more, if you investing in altcoins in general you should just hold it until it rise certain percents and then just move to another altcoins because that way you have better chance of getting ROI.
if you're holding for too long you'd just losing your floating profits usually since altcoins increase in price are usually short lasting.
if it's new altcoins that you trying to get invested in, just distribute certain allocation across many altcoins it just guarantees the return and a lot safer since with altcoins generally you'd get massive returns but most of them are just gonna vanish into thin air. therefore even if you're distributing your investments and majority of them are failing, as long as you have one coin that increase massively you'd still more likely getting good profits and didn't lose anything.

Furious 7

hero member

Activity: 2856

Merit: 644

https://duelbits.com/

Basically, when investing for the long term in altcoins, it's already a mistake and it should be clear to know without the need to think about block alliances or whatever. It's already a mistake. If you invest in alltcoins for the long term, you must be prepared to accept consequences like this.
Moreover, if indeed the investment is about coins which are only pump and dump coins or meme coins that really hope for more X, that's just nonsense because in the end, in that case, you only have losses and losses.

Wakate

hero member

Activity: 1176

Merit: 543

fillippone - Winner contest Pizza 2022

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

This is a very big lesson that will not be forgotten even to the next generation. I always advise people to try as much to make concrete research before thinking of investing in any altcoin. Bitcoin is the only cryptocurrency I can be rest assured that we will not experience anything like rug pull or crashing.
Making altcoin projects in the market are for personal gain. If you are the CEO of the project, are you not going to try as much to make more Money even though you don't have the intension of running away with people funds. Some people are just extra ordinary wicked to create a coin and at the end run away with people's funds.

BIT-BENDER

hero member

Activity: 1666

Merit: 709

Playbet.io - Crypto Casino and Sportsbook

If you are an Altcoin investor and you believe the hack is invest in more Altcoin that would probably mean losing your funds in multiple Altcoin, that mistake has actually been what gives inexperienced Crypto-currency users the confidence to do so.

The Altcoin market is tough and making the right decision on which Altcoin is increasingly getting frustrating. I would be plane and recommend any one into Altcoin go for market history and reviews, that’s go for more successful Altcoin.

Ziskinberg

hero member

Activity: 3010

Merit: 666

Quote from: Outhue on February 09, 2023, 12:21:07 PM

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

...
Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

Actually, I don't easily believe someone from the team to announce that they've been hacked because that is something fishy and could be a lie just to succeed in their scam plan. Most of the time happening for new projects, they use the word "hack" to be their exit plan so nobody could think that they are scammers but they are. Maybe I was wrong in my assumption but new projects can't be trusted and are too risky to invest in.

If we want to invest make sure that we are also investing the right coins and stop thinking about the x100, x1000, and more as this will end up investing hyped coins.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

There's only one thing that's good about investing in one egg and that's being a bitcoin maxi, no debate that it's proven and tested.

Using Binance's launchpad as a reference for your investment is like 50/50. Yeah, there's the stats on how many projects where successful from there but doesn't mean that everyone has to invest with those.

DYOR is again, the tip that we always say.

Whether it is in Binance launchpad or not, we're all responsible where we are investing our money.

Marykeller

hero member

Activity: 1064

Merit: 501

Diversify your crypto holdings to avoid placing all of your eggs in one basket. Don't forget to DYOR in each investment you make as you diversify your altcoin holdings. Due to how volatile the crypto market prices might be, altcoins are not worth investing in.

Top altcoins in my opinion, are coins with most likely to give 6x–10x profit potential. It is difficult to ascertain any altcoin that may provide such gains because of how unpredictable the market is.

n0ne

hero member

Activity: 2618

Merit: 548

DGbet.fun - Crypto Sportsbook

This is common, and whenever you go for investment into new altcoins it is good to make a thorough study. If you weren't able to do it, don't take the risk. Better go with some reputed altcoins that are launched few years back and are at good position on the coinmarketcap. To invest into a particular new altcoin and to succeed needs luck and very few had succeeded.

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

Since I am not an initial investor, this is the first I've heard of Alliance Block. But I've already learned from my previous mistakes with related to altcoin. My biggest mistake in life was picking a shitcoin, which cost me a lot of money. Then I stop investing in shitcoin. Actually, I don't need 10X. Enough if I can turn a tiny profit. Therefore, only select popular coins at the moment that follow the trends.

bittraffic

hero member

Activity: 3038

Merit: 617

As long as it's a new altcoin, there is always a possibility that it will be a scam even if it's launched in binance launchpad. You are investing so at least get the top projects. 5/10 is already a bad ratio. This is not the time to buy risky tokens, no more buying of unknown projects.

I look it up on CMC, they added a warning on the ALBT page that says.

Quote

Following the incident on Bonq involving ALBT in their troves, the AllianceBlock team has released a statement and an update regarding the snapshot and token distribution. The legacy ALBT token has no utility anymore in the AllianceBlock ecosystem. Updates only on official channels on Twitter and Telegram.

cryptomaniac_xxx

hero member

Activity: 1344

Merit: 540

I'm not familiar with Alliance block or something, but me? I have learn from my mistakes way back 2018, wherein I have a supposedly good projects and a holder of it and thinking that I can make a lot of money from it in the next bull run. However, just like in this case, it went dead in the bull run and nothing, not even a cent that I earn from this project (I totally forget the name of it), way before I found this community.

Anyways, that is the risk is very high for altcoins, even if it is launch by Binance launchpad, and I will say that there should be some element of luck on it before it become big and successful.

Outhue

sr. member

Activity: 686

Merit: 403

A minute of silence for all Alliance Block investors...i have a brother who invested in this altcoin, hoping to hold till the next bull market, unfortunately the unexpected happened, now all the money is gone before he realized what's going on.

What lesson could be learned from this?

If you are a altcoin investor, do not keep all your eggs in one basket, if you believe in an altcoin, make sure it's not the only one, in fact, the more coins you have in your portfolio the lesser the risk, because not all the coins will go bad or get hacked, if one out of 5 or 10 become successful, 6x to , 10x or more, you've made back your ROI and still have some gains.

Also, I prefer projects from the Binance launch pad because binance don't just list any projects, 85% of all projects that used Binance launchpads are successful.

Alliance Block market cap is very low, projects with very low market cap are called degen by many and they are very risky, remember Gala games? It was hacked and all tokens were reimbursed, if Gala was a very small project I don't think they will do the reimbursement.

Topic: Learn from a brother's mistake (Read 526 times)