Topic: Mistake I made till now investing on crypto projects. - page 2. (Read 635 times)
Went through most of these issues during my early days in crypto (2014, 2015) and again during the ICO boom (2017,2018). The most common issue is that the listing (ICO) is made before the product is ready. And in many cases, the promoters may become dormant once the ICO is done and they may concentrate on other projects. Investors are too naïve, and sometimes they make the mistake of trusting these strangers blindly. Once the promoters receive money from the ICO, they lose their interest and give infinite number of excuses to delay their output. Lost quite a bit of money due to this unethical behavior so far.
Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.
It's true that basically mistakes are normal and everyone makes mistakes.besides that, with mistakes we can learn to be better in the future and in this case indeed for newbies it is necessary to invest starting from small amounts,
it can also be from an airdrop, although for now it's not as much as it used to be
I myself, at the beginning, did not invest money from my work in the real world. but when I was a newbie, I used money from airdrops. because in the past the results from the airdrop were quite large. and I lost everything. but mentally maintained because the money invested is the result of free gifts.
but I see for now-now newbies start investing with their hard-earned money in the real world and even that money is really needed by them to meet their daily needs. so that when they experience a loss they are easily carried away by emotions due to a shaky mentality . and experiences like this are common today.
Nowadays, it has become difficult to earn money from airdrop and the reward is not big so people will not be patient enough to wait.
Nowadays, newbies are eager to make a profit they not only invest with the amount of daily spending they are even willing to borrow to invest in the hope of a quick return. But life is not like a dream, most of them are at a loss, in debt piled up.
These are some list of mistakes that I made till now and it seems I made every kind of mistake an investor possibly can. But I think every great success has a long list of failures. So I hope some new members will find some points useful and a real-time experience is always the best place for knowledge.
The purpose of the post is to share experience only so there could be exceptions in the same circumstance for another project.
Mistakes found no exemptions, it gonna happen even though we don't like it. That is why instead of blaming others, we instead blame ourselves first.
yeah that's it. sometimes it starts from mistakes that we become to know the right. and because of failure is what makes us more diligent in learning from mistakes so as not to fail again.
experience makes us more careful in taking steps. the same goes for investing in crypto.
These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.
Regardless of what type of investment you have, i guess there is always no guarantee to succeed. Be it altcoins or bitcoin, failure will always happen especially if you end up committing the same mistakes again and again. But the good thing here, is that you will always learn from all your losses. And when you come to analyze the reason behind your losses, that will pave way to start being profitable by correcting all your mistakes and following your new and improved strategies. Of course, all investments have risks. With that being said, there is really no guarantee that investments would result into a positive ROI. However, you cannot lump all investments together as one as if they are all the same. They differ in terms of potentials. They differ in terms of the level of risk. They differ in terms of track record even. And if we take all these into consideration in terms of crypto investment, it would come out very obvious that Bitcoin is generally a much better option than altcoins.
These are some list of mistakes that I made till now and it seems I made every kind of mistake an investor possibly can. But I think every great success has a long list of failures. So I hope some new members will find some points useful and a real-time experience is always the best place for knowledge.
The purpose of the post is to share experience only so there could be exceptions in the same circumstance for another project.
Mistakes found no exemptions, it gonna happen even though we don't like it. That is why instead of blaming others, we instead blame ourselves first.
These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.
Regardless of what type of investment you have, i guess there is always no guarantee to succeed. Be it altcoins or bitcoin, failure will always happen especially if you end up committing the same mistakes again and again. But the good thing here, is that you will always learn from all your losses. And when you come to analyze the reason behind your losses, that will pave way to start being profitable by correcting all your mistakes and following your new and improved strategies. consider it out.Mistakes are common but as you do go ahead you would able to learn up things basing up on what you are dealing off currently.Nothing is known unless you do try
because you cant determine if it was working or not if you dont make out steps forward.So all you do need is to take risk.
These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.
Regardless of what type of investment you have, i guess there is always no guarantee to succeed. Be it altcoins or bitcoin, failure will always happen especially if you end up committing the same mistakes again and again. But the good thing here, is that you will always learn from all your losses. And when you come to analyze the reason behind your losses, that will pave way to start being profitable by correcting all your mistakes and following your new and improved strategies. 
Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.
It's true that basically mistakes are normal and everyone makes mistakes.besides that, with mistakes we can learn to be better in the future and in this case indeed for newbies it is necessary to invest starting from small amounts,
it can also be from an airdrop, although for now it's not as much as it used to be
I myself, at the beginning, did not invest money from my work in the real world. but when I was a newbie, I used money from airdrops. because in the past the results from the airdrop were quite large. and I lost everything. but mentally maintained because the money invested is the result of free gifts.
but I see for now-now newbies start investing with their hard-earned money in the real world and even that money is really needed by them to meet their daily needs. so that when they experience a loss they are easily carried away by emotions due to a shaky mentality . and experiences like this are common today.
Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.
It's true that basically mistakes are normal and everyone makes mistakes.besides that, with mistakes we can learn to be better in the future and in this case indeed for newbies it is necessary to invest starting from small amounts,
it can also be from an airdrop, although for now it's not as much as it used to be
I don't need to mention the project here because there are so many things like that and maybe what is still famous today is the INU project, which is indeed their development that keeps repeating itself like a disturbing fungus.
Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.
It's true that basically mistakes are normal and everyone makes mistakes.besides that, with mistakes we can learn to be better in the future and in this case indeed for newbies it is necessary to invest starting from small amounts,
it can also be from an airdrop, although for now it's not as much as it used to be
I myself, at the beginning, did not invest money from my work in the real world. but when I was a newbie, I used money from airdrops. because in the past the results from the airdrop were quite large. and I lost everything. but mentally maintained because the money invested is the result of free gifts.
but I see for now-now newbies start investing with their hard-earned money in the real world and even that money is really needed by them to meet their daily needs. so that when they experience a loss they are easily carried away by emotions due to a shaky mentality . and experiences like this are common today.
When still a newbie of course it's natural for us to make mistakes, when I joined the bounty a few years ago I used a wallet from an exchange so I didn't get paid, this is a mistake that often happens and I hope for newbies the first thing we have to understand is about the wallet .
Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.
It's true that basically mistakes are normal and everyone makes mistakes.besides that, with mistakes we can learn to be better in the future and in this case indeed for newbies it is necessary to invest starting from small amounts,
it can also be from an airdrop, although for now it's not as much as it used to be
Many projects are under development so it is hard to see a complete project or with a 100% working product. The reason why projects source for funds through ico, ieo, ido, igo or what have you is because they don't have the money to initially build a project into a finished product, hence, you as an investor in can only invest the their dreams and hope that they deliver, even though their token is trading does not mean there is a finish product to give a strong utility to the token.
This is the reality, even eth is not 100% complete, but compare to other alts, it is 90% better.
99% of them are just promises and only a few would able to continue or do really follow on what they had promised and the rest are just pure trash or ending up on getting abandonedThis is the reality, even eth is not 100% complete, but compare to other alts, it is 90% better.
which is something that very common into this market on where majority would really be just be leaved on the air hanging specially into those investors or people whom do trust up
on the project thats why its really hard to choose or consider even to those good looking project which you wouldnt know if they would able to hit up that kind of target
or they are just good with promises.
Many projects are under development so it is hard to see a complete project or with a 100% working product. The reason why projects source for funds through ico, ieo, ido, igo or what have you is because they don't have the money to initially build a project into a finished product, hence, you as an investor in can only invest the their dreams and hope that they deliver, even though their token is trading does not mean there is a finish product to give a strong utility to the token.
This is the reality, even eth is not 100% complete, but compare to other alts, it is 90% better.
This is the reality, even eth is not 100% complete, but compare to other alts, it is 90% better.
Informative notes for investors especially to newbies because they can get an idea to your own experience that they can keep in mind to not committing the same mistakes. This is the reason why we need to take time gaining knowledge, dont rush things to make sure you're doing the right thing.
It's simpler and more reliable to invest in projects that already succeeded a lot but will likely grow in the future even more.
Indeed. Its less risky compared to new projects because we're not certain if these new projects can survive for long period. Well-established coins are more reliable, they already exist for years and managed to stay even the market is in bearish.Actually, startup projects are the best place where you can multiply your assets in a short time. But for a well-established project, sometimes you have to wait for a long time even only for 2X. So many people prefer to invest in a new project for quick gain but they make everything wrong in money management. They put most of their funds into those risky projects and later on they are stuck on those projects for a long time or exited with losses.
Informative notes for investors especially to newbies because they can get an idea to your own experience that they can keep in mind to not committing the same mistakes. This is the reason why we need to take time gaining knowledge, dont rush things to make sure you're doing the right thing.
It's simpler and more reliable to invest in projects that already succeeded a lot but will likely grow in the future even more.
Indeed. Its less risky compared to new projects because we're not certain if these new projects can survive for long period. Well-established coins are more reliable, they already exist for years and managed to stay even the market is in bearish. 
- Lesson: Do not invest in a token that doesn't have any utility or whose product is not ready.
That is why I never want to invest in the very new project even with good real use case probability. the risk is still high enough.
Fake exchange listing promises
This always happens again and again. On the website and during the token sale, the team always say that they will list the token in top exchange, finally on Binance.But, how can it be then? It's just a shit, holly shit that most new projects will only lay on this. They will start with DEX or even very small exchange, with small trading volume and also liquidity, and then the token dropped and becomes dead tokens before listing on even middle exchanges.
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It would vary on different circumstances such as;
Low cap/Low ranking coins = Possible able to get 2x-100x or more
Huge cap/Established coins = Getting 2x in price is hard but when it comes to assurance in terms of potential then there's no doubt to this.
Mistakes are inevitable due to unpredictable movement of the market but with due experience, we could able to handle up the situation somehow.
There is a calculated risk you need to take when you are investing in low market cap low ranking coins and if the project is having a good team and the project is having some utility then you have the potential to rally multiple folds but you need to follow the project development and make sure the team is transparent, if not sell off without think twice. It would vary on different circumstances such as;
Low cap/Low ranking coins = Possible able to get 2x-100x or more
Huge cap/Established coins = Getting 2x in price is hard but when it comes to assurance in terms of potential then there's no doubt to this.
Mistakes are inevitable due to unpredictable movement of the market but with due experience, we could able to handle up the situation somehow.
and thats why it do commonly in results of losing money or investment because of that kind of behavior.Its a matter of personal choice whether they would go with low caps but i couldnt
blame them on why they are really that tempted on diving into this one even though the risk is high.So its a matter of choice for some and majority do make out decisions basing
on hype or hunch.
Product not being ready is a mistake I can relate to. Back in the ICO craze times of 2017, there were many things that sounded so cool, made big promises and gathered quite a lot of money. Some actually did pretty well in terms of the growth of the value of their tokens for a while. But they didn't deliver, and many got disappointed, including me. As for a small community and not caring about the team, these are also very good points. My interest in new projects fell around 2019, so I'm not trying to evaluate new projects and see if they have any potential (the only investment like that which I made was in DOT), though. It's simpler and more reliable to invest in projects that already succeeded a lot but will likely grow in the future even more.
This is something that happened to me as well, back then when I was starting out and I was just learning more about this market I put a lot of attention to altcoins and many of them sounded interesting but most of them failed to accomplish their goals and as such they either disappeared or became completely irrelevant, so with that in mind my interest in altcoins decreased to the point I am now only invested in bitcoin and I do not see this changing anytime soon. 
Product not being ready is a mistake I can relate to. Back in the ICO craze times of 2017, there were many things that sounded so cool, made big promises and gathered quite a lot of money. Some actually did pretty well in terms of the growth of the value of their tokens for a while. But they didn't deliver, and many got disappointed, including me. As for a small community and not caring about the team, these are also very good points. My interest in new projects fell around 2019, so I'm not trying to evaluate new projects and see if they have any potential (the only investment like that which I made was in DOT), though. It's simpler and more reliable to invest in projects that already succeeded a lot but will likely grow in the future even more.
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