Topic: potential moonshots - page 8. (Read 1638 times)

I don't want to speculate on the coins that have just been released even though it's currently trending games projects or Metaverse or even NFT because we have to choose several projects from many projects that we don't even know how to turn out in the future.

It's almost the same as gambling because we might find it difficult to collect data about the project. And once we make a wrong move, we can lose. Not many people can profit from the new project, while the rest will be lost.

Overall I think potential moonshots are best captured from all these different categories. We have Yield bearing tokens, NFT tokens, Gamify tokens etc. I myself recently stumbled across a new token trying to create waves in the Gamify sector - Engn token (While almost every token in gamefi industry right now is made around either a single game or a single Metaverse aspect, engn brings the same capabilities of games developed for blockchain into conventional games. This ensures a different outcome than blockchain focused game)

Of all the coins you mentioned are potential coins and all investors must hold the coin, and to invest in a small project or on a new project of course many things we must consider and must make deep research so as not to invest in a scam project, then from the number of projects that are present at the time and impossible I mention then we should see the team that manages the project if always active in developing the project. That's the right choice for us to follow.

When you say small cryptocurrencies, how small ,Because there is a level of small that I wouldn’t really mess with? Maybe there are some small market cap coins that I would like to invest in, but when the market cap is like really, really small, then I tend to avoid such coins in the market. I don’t even think I’ve ever tried for once to invest in a coin that has a really small market cap, mostly what I usually go for at the big names, like the ones you have mentioned which are ethereum, Bitcoin, SOL, and the rest of them.

But, if I’m to maybe still invest in any small market cap coin, let’s say a coin that is still starting up, then maybe Zano would be a good choice to start with, because it is similar to Stellar. The market cap is still low at this point, but it seems to have the potential of growth in the future, it might be bigger than what it is now, that’s quite possible. Although one problem I do have with small market cap coins is that they can easily be manipulated, and they are more volatile than the top coins in the market.

These rich dudes can say whatever they want to say, they are privileged enough to get on anything as soon as possible and be able to benefit more from it before the public does. Most of them has already started investing in the metaverse and they are buying it cheap, by the time it becomes more accessible to the public, then it would have had even more value and these rich dudes would be the ones who are benefiting more from it.

We don’t know how far the metaverse would go yet. But so far the reviews that I have been seeing from people doesn’t really seem that convincing for me to go for it. Not saying it’s not a good investment, but a lot of people don’t even have that much interest in metaverse, and I don’t think anyone would like to spend a whole day in a virtual world, the real life is far much better. But it would still grow, that’s for sure. So anyone who has interest can still go for it.

I do not think so because the crypto projects based on the game might not last long if developers don't have a way to develop them.
I think you need to look for other projects that might be profitable so you don't just use game-based crypto projects.
In crypto itself, there are still many other projects that we can choose as investment options that require detailed research.
But if you just want to use a small part of your money to invest in new projects, then you can give it a try.

A large number of players engaged with NFT's PLAY TO EARN concept. The NFT games I'm playing, both idle and active, seem to be quite amazing. The vast majority of P2E games won't last even 3 months, and the concept still depends on hype, and will be moonshots for those who wish to make entry. P2E are so new, as are profitable utility NFT's for games, that talking about longevity is a bit stupid. However, you should study the game. Look at the token's performance and only risk what is comfortable for you. Avoid being late to work.

Yes, those new project are just a bright wrapper that you don't know how long it will last you to enjoy, it is better to be free from such risk by investing on those potential assets you just mentioned which are very good in long term and short term investments. Investing your money on those potential assets that is more popular in the community compare to those new project that many investors are still taking their time to study them very well before investing their capital not to experience failure in their investment in the future. Spending your money on bitcoin or ethereum will not make you to regret because the coins are very secure and safe for investors to enjoy.

The investment in stable projects is always good and encouraged. If you invest in high cap coins, they will most probabaly increase over time and the changes of rug pull and scam will be minimum.
However, some portion of your portfolio can be invested in new projects as sometimes they can also give very high returns.

Memecoin are perfect coins to gamble with, you do not consider this Investment instead some gambling experiment and ones you are in profit, you exit the market. Becareful though as there are many scams out there, even though this is just a gambling experiment, still do some research on what even you what to stake your money on to make sure they are not scams.
You can also look into metaverse coins, this is the hottest sector at the moment and many projects are looking to establish something relating to the metaverse either through NFT or gaming.

It is very appropriate to choose potential coins such as BTC, ETH, BNB, MATIC and DOT to invest instead of choosing small projects that may not necessarily generate profits from our capital. Small projects have a greater risk of losing capital. So if we may suggest, just stick to a potential coin instead of thinking about a small project.

Sometimes small projects can be profitable quickly and generate big returns in a short amount of time. It's just that as you said, the risk is actually high, compared to buying more stable coins like btc/eth. but we all sometimes want to make quick and big profits.

This is only possible if you are willing to invest in the long term and you only use the money you can afford to lose since it's like gambling where you can lose all of your money from choosing the wrong coin and you can also turn the table of your life if you managed to land into the right project which many people had already experience in this market. Last time I read someone to invest $500 and turned it into 50 grand. Just don't think it's easy and to become rich like that is to look for random new coins rather you need to take your time and carefully investigate for yourself about the project before deciding to invest in it.

Exactly if this is for an investment, most people will prefer coins like this, moreover that have higher volume, value, and also trust from the investors.
But once more because you are asking for this:
If I am going to risk some small money of mine to invest in new projects or coins, well, maybe I will go to the shitcoin that is very hype.
One of the examples is I-coin that had a token sale  in my country, it is very hype because the developer is one of the influencers in my country. Only in one-day hard-cap.
And you know, by utilizing the hype, after it ends, we can sell that kind of coins directly with a higher price (why it is said higher because there is still a big hype of the coin). But after selling and getting profits several percentages, let it go, never hold it for an investment because it will be like other hype coins, they will be dropping again and again.
And I am sure that there are so many hype coins with this kind of mechanism and many people can utilize the chance to take profits only, not for long term investment.

But once more, be careful on this way because this is very risky. It is not a kind og trading or investing, but more likely gambling? 
So, just use very small amount of capital that we can ereally afford to lose and never mind of it

At the moment, the most promising project that I am looking at and investing in is Everdome. It caught my attention for two reasons:
1. This is a metaverse project and at the moment this industry has a huge hype.
2. The CEO of this project is Robert Gryn, who incredibly promoted Metahero project in last year. I am sure this man knows his stuff very well and knows what he is doing, so I believe that Everdome will achieve a similar or even greater success than Metahero.

I put 90% of my money into solid projects and I dont intend to change that. However as the crypto market is an evolving space, its only plausible that eventually new coins with a better tech will show up and will eventually replace older more established coins. Why not look out for those? I know noone has a crystal ball and its hard to spot these early on but for those who are familiar with cryptos and their tech it could be easier to find good projects worthy to invest in and if thats the case I'm sure the investment yields profit. Of course with the hundreds or thousands of new projects launching, most of them will go nowhere and if I were to invest my money into these blindly I'd sure lose and in that regard it would be a pure gamble.

How do you guys think about XPR / Proton ?

Well it is your money and you can do whatever you want with it, however the reason most people do not recommend to do that is because a lot of newbies have the hope to become rich quickly in this market and invest all their capital into those coins only to lose it all.

If you are really going to invest a small percentage of your capital then I think you should be able to do it if that is what you want, however in the case you lose it, which is the most likely scenario, do not chase your losses and simple accept that you were taking a huge risk, and understandably you did not got the results that you wanted.

What you are looking for is hard to find and maybe it doesn't even exist. If you think "gambling" it with a high risk project is the way then it's not. You are near to "rekt" your investment rather than making profits. I don't recommend any of that to anyone especially my colleagues.
Here we are in the pandemic and every penny should be spent properly. Even gamblers do gamble their money in a proper way and need to analyze the games they are in to while here you are who want to just throw money for a fancy coin.

Now most of the new projects are just a bright wrapper and that's it, I don't understand why to risk and invest in them.You had a list of good assets available to spend your funds there.It will be much safer this way.

I think it would be okay to invest in a small and unknown project because who knows, it could get a big raise in the future. I do that because the amount of money I spend must be very small, but I can get a lot of amount from those tokens. I have done with Shiba before and Shiba has given me an advantage, although not as big as others.

Maybe just by using $10, we can hold long and hope that someday, the price can go up, which means we can make big profits. But it all has its risks and study the risks before you decide.