NEVER FALL IN LOVE WITH ANY ALTCOIN - page 2.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: betty11 on September 17, 2018, 09:10:58 AM

So, about last two months, I bought 10,000 CET at the price of $0.1/1 totaling the sum of $1,000. They were giving some dividends on holding the CET coin as it's been used in the coinex ecosystem otherwise known as a utility token.
Now, before buying this token, I have watched it growth and considering the fact that it is been backed by Viabtc and bitmain. so I thought it will continue to enjoy its organic growth, I felt very happy and comfortable with the token, was hoping to use this in getting more bitcoin as the price increases. But this wasn't the case as the token started dumping, I felt it was just a normal correction, but I was absolutely wrong. Just as I write, my $1,000 investment is currently worth $231. I have loss $769.

Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.

This has been always part of the risk which no matter how good the coin we do saw it doesnt mean the trend of increasing price would continue even its being backed by good companies or any other things but it wont signify a guaranteed potential but its much better to have these preference rather than on seeing none. Most of the time price showup can either be a natural growth or just pure manipulation.It do really just work into those ways.

jems

sr. member

Activity: 854

Merit: 250

There is always a big risk in investment. But it will all depend again on choosing to invest, even patience will be the main actor in investment. What I see here is not only the coins you have but almost all the coins are in bad condition.

CAPTEZECC

newbie

Activity: 210

Merit: 0

Altcoins are wonderful the truth is that you should not judge any altcoin with how good the project is or the platform or exchange that it was found backing it.

BitcoinGuruOne

member

Activity: 364

Merit: 13

I am not sure about this particular token but tokens who have expolsive growth + are promising dividends tend to be scams.
Stay away from this kind of projects.
As in case of Bitconnect.

palle11

sr. member

Activity: 2366

Merit: 332

I can feel a disappointed member but maybe that was your first time to invest in altcoin because for me, $1,000 was too much to invest in an ico coin/token.

Again, it is better to invest how much that you won't regret when the expectations are cut in between the roads.

Always diversify , investing in established coin sometimes pays up. Like bitcoin, etheruem...

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

First we are still in the bear market and most of the alts are affected.

Quote from: betty11 on September 17, 2018, 09:10:58 AM

Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.

If this has been done by the developers then no one will know or if someone will figure it out that will be on the headlines. I'm not so sure about this coin because I don't follow it but if its backed up by those companies I think that you have heard some related news about bitmain losing with their some other coins.

In the end, you still gave the best tip.

synomy

newbie

Activity: 34

Merit: 0

Everybody knows it's a risky market, not everything will be winning :/

Sony.UK

full member

Activity: 532

Merit: 103

Quote from: Marry_OI on September 17, 2018, 03:52:44 PM

Quote from: betty11 on September 17, 2018, 09:10:58 AM

Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.

And I sincerely sympathize with you. I do not know, it seems to me that the team is not to blame. The situation in the market is to blame. I think that now many have lost something. But I hope that the market will soon turn green.

LOL waiting and being patience is much needed in the cryptocurrency marketplace. There are very few people on this forum keep supporting cryptos even it's dumped time. We need to be supportive to grow ourselves along with the bitcoin and alts.

We may find the more green in November and December months for sure. So wait for sometime.

Marry_OI

member

Activity: 504

Merit: 11

Quote from: betty11 on September 17, 2018, 09:10:58 AM

Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.

And I sincerely sympathize with you. I do not know, it seems to me that the team is not to blame. The situation in the market is to blame. I think that now many have lost something. But I hope that the market will soon turn green.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Pump and dump in altcoin prices are very common things, one of the smallest reasons that I only see in altcoins is a low price, so as manipulators or even developers are very slow to make market pumps and make market dumps. Investing in bitcoin is great for choosing long term investments while my altcoins only choose for short term investments.

Thanasis

hero member

Activity: 1820

Merit: 515

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Quote from: betty11 on September 17, 2018, 09:10:58 AM

So, about last two months, I bought 10,000 CET at the price of $0.1/1 totaling the sum of $1,000. They were giving some dividends on holding the CET coin as it's been used in the coinex ecosystem otherwise known as a utility token.
Now, before buying this token, I have watched it growth and considering the fact that it is been backed by Viabtc and bitmain. so I thought it will continue to enjoy its organic growth, I felt very happy and comfortable with the token, was hoping to use this in getting more bitcoin as the price increases. But this wasn't the case as the token started dumping, I felt it was just a normal correction, but I was absolutely wrong. Just as I write, my $1,000 investment is currently worth $231. I have loss $769.

Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.

Two months is not enough to get you much profits in this bearish crypto trend so you need to wait long until the market go bullish again which might happen sooner but you also need to remember that there is no guarateed return in the crypto investment so you don't have to feel bad if you lose from crypto currency investment.

Indick123

newbie

Activity: 24

Merit: 0

Yes attention to every one don't invest on altcoin now because it has no stable price in the market if you think that the price will goes up it may come down' so not to take the risk on altcoin.

Manuel05

jr. member

Activity: 316

Merit: 4

Dont blame the altcoin or the team. An investment is an investment, all investment come with a big risk and you learning the hard way. My advice is just to hodl what you have left, you only at a loss only when you sell. As you can see the whole market is at a big dump. Invest what you can afford to lose.

markiz73

hero member

Activity: 1190

Merit: 641

Not such a large sum to get so upset.
Put 10% of tokens on the stock exchange + 10% to the purchase price, 10% of the tokens + 20% to the purchase price, 10% of the tokens + 30% to the purchase price, etc.
Hold 10-20% for a long period of investment.
If the token is serious, it will still grow in price.

betty11

copper member

Activity: 448

Merit: 3

So, about last two months, I bought 10,000 CET at the price of $0.1/1 totaling the sum of $1,000. They were giving some dividends on holding the CET coin as it's been used in the coinex ecosystem otherwise known as a utility token.
Now, before buying this token, I have watched it growth and considering the fact that it is been backed by Viabtc and bitmain. so I thought it will continue to enjoy its organic growth, I felt very happy and comfortable with the token, was hoping to use this in getting more bitcoin as the price increases. But this wasn't the case as the token started dumping, I felt it was just a normal correction, but I was absolutely wrong. Just as I write, my $1,000 investment is currently worth $231. I have loss $769.

Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.

Topic: NEVER FALL IN LOVE WITH ANY ALTCOIN - page 2. (Read 248 times)