Topic: MOST IMPORTANT POST FOR NEW INVESTORS - reply and keep on page 1. (Read 341 times)

Good call on creating a thread, sure many newbies will find it useful... Just what we needed man, Very informative..

Anyway some Great points made, especially about the cake i'm fairly new to crypto currency technology and in the process of learning. Have learned allot since and Looking back on some of  posts made, was clearly very naive on the whole approach... quite embarrassing actually as i'm really the opposite in real life and tend to only ask questions if need be. Used to be an active member of many forums and developed a nature for researching, connecting the dots etc

Guess this can catch a newbie of guard since timing during the past month has been important, really speaks for itself the effort wasn't put in right away..Lesson learned for sure.

Safe to say the only cheap alt coin invested in at the time were Verge and Humaniq. were bought very low and are giving me some profits so will likely sell them when they rise next, not long was humaniq up 100% and verge too however decided to hold on before learning about the true nature..

at the time had also purchased quite a few digibyte and siacoin however fortunately sold them when both were up by %35 to free some funds to place towards other coins. Good move by the looks


Have since narrowed my search to to 2-3 coins at a time and choosing one to invest in of the 3.

the patience also pays off as you begin to notice trends when BTC rises etc. At the same time keeping funds in BTC will give a much better return then most coins. In the future when the alt coin prices reach new highs and buyers cash out into bitcoin, we should see BTC reach new highs. Most of my attention has now shifted to this. Mostly the top 5 coins and few others such as Waves, Stratis, Ethos, Vechain opposed to watching every cheap coin not long ago..


So sure i speak for all newbies when i say good post and to everyone who contributes to the forum thank you for your patience.. Keep up the good work

Well you are simply agreeing with me in that case.

dont agree with you OP, ADA and IOTA has risen big)

the fomo doesnt care - simply hype

Usually, the novice will put the price and the future of tokens together, but that's not right. A worthless token does not mean that there is no future.

This is the most useful advice a newbie could get.
So many people are asking for reccomandations of cheap coins without looking at the supply.
But the same goes for btc to be honest. For you to 10x your investment, btc will have to reach 140k (it's a little under 14k right now) Which is not impossible at all, I personally belive it will happen at some point but there are really good, undervalued projects out there, with wich you could 100x your investment in the same timeframe.

To be fair, marketing is right now the biggest factor in the potential of a coin. I've noticed this new trend of complete scam coins going up regardless of the supply, just because there is hype around them. You can of course make money with those coins, but you will have to know when to get out before they go down and die. I think it's much better to invest in projects with a good dev team, a good idea AND a low supply to maximize your investment.

And again a low market cap won't make a coin rise in price or use. Cardano with such a huge cap still has one of the best price and still more potential to rise.

Too many of them. Also you know if years ago noobs mostly were coming here to try to understand and to learn (like I did), now mostly coming in panic that the train is leaving and we must join at once. Except that it's not true, it's also it also enriches the scum. And final thing - let them learn by their own mistakes.
But personally I like your post - up.

Still I am hearing the same thing about being a good deal because of cheap single token price.

what nobody cares about noobs ... that's terrible.

Thanks for reply... it is helpful to many here.

I really feel sorry for those that are moving their btc into coins that are at a low price without having done any research.
Why would anybody buy something they know very little about?
Hype, viral trends, they are pretty scary things that moves masses to make stupid decisions.

I will add one more bit of advice.  It seems obvious that it is a bad investment choice but I have seen this popping up quite a bit amongst new investors.

It is NOT a good idea to just pick 10 random coins in the top 100 on coinmarketcap and invest in them.
Actually, this isn't investing at all, it is gambling really.
Especially in the top 100 on cmc.  That first page can be really misleading for those who have not studied about crypto, startups, and market economics.
When you look at something like, say, Trumpcoin, you can safely say that it is a joke or shitcoin, have a laugh, and move on.
But who on earth would put thousands of dollars into it?
There a LOT of coins that have basically the exact same function of shitcoins like trumpcoin.
It might look legitimate cause it's got the fancy tag of being #30 or #66 on coinmarketcap! or they might claim, "We will disrupt the banks!" or whatever nonsense but the tech behind it just doesn't offer anything or doesn't even exist yet.

These types of coins have no future, especially in 2018 no matter how much it is "valued" by coinmarketcap.

Nice to give new investors the heads up so keep replying guys help these out

Thanks, yes it is quite surprising just how many persons employ this reasoning.

the truth is, the hundred billion crumbs cake doesnt have to be sold for 200 billion for the price of one crumb to double. Not all crumbs are available on the exchanges, and the prices are simply supply demand.

The amrket is really irrational, crypto is one giant money game. I have seen in the past few days only low value coins pumping.

I was talking with few friends/family of mine, and they were like: " ...Ohh yea im holding 100k of Siacoin, and im waiting to get to $1 and sell it..." Made me laugh big time  
The buy cheap coins mindset that i've seen from people, are people who have been involved in any way with stocks or other markets, and just now get in to crypto, because of the hype all the media outlets have been pumping about bitcoin, and think the same rules apply here as well.

P.S Great post. (Y)

What you say? nobody wants to help noobs out?

this is only my opinion and one must always form their own but I would suggest finding real projects and IF they are under value then well...

https://bitcointalk.org/index.php?topic=2479595.140

Always best to study the project and what it actually offers for the market cap price it is at.
Also see how likely it is any white papers they have will actually take place. Some projects have posted white papers that is is said would be worthy of 3 x receiving a nobel prize.

See how much of their road map they have really produced.

Thanks for replying.... research is the key

thanks for nice advice, cause i ussualy buy coin with cheap price and hope it will grow. now i want to try with buy coin that likely have great future. or i can go to cmc and randomly pick top 100 there 

Thanks for responding guys.

It is a common mistake to think cheap coins = cheap project to invest in = good value.
When in fact the total opposite can be true.

Easy mistake and no shame in it.

Any comment to help keep this out there and build awareness is great.