Regretting Buying Coins of others Choice

rajurathod18

member

Activity: 224

Merit: 21

Quote from: CryptoCraze11 on June 18, 2018, 09:20:16 AM

There are many people (mostly new to crypto trading) seen here regretting buying coins that are recommended by forum members.
Anyone new to this market should learn trading first before investing major portion of his capital. Take advice but do your own research before buying any coin as no one will share your loss.
Keep in mind that if you are seeking advice here, you will be recommended by coins that are bought by members or they have some interest in it. So please don't follow blindly to every advice, take care of your hard earned money.

Whenever so called other members gives shill about particular coin or token they always add DYOR=Do Your Own Research or do due diligence from your end. It's best practice to research before any project which we are willing to invest our capital.

kicauklaten

sr. member

Activity: 840

Merit: 251

not only coins for investment but also the investment in ICO and choose a bounty. many who prefer to hear other people's opinions even from a higher rank for they follow. but there is, in fact, a high rank does not necessarily have the right options. better analyze himself with his own ability to better understand and learn about the best.

aervin11

full member

Activity: 602

Merit: 103

All I could say is that for you to take someone's advice as your financial decision, they must be your financial advisor not just a forum member. Everybody has hidden agenda why they are telling this and that so taking their comments as an financial advice is suicide.

entrepmind23

sr. member

Activity: 644

Merit: 261

Quote from: Cnut237 on June 26, 2018, 08:01:17 AM

I do think that most people give genuine advice. The problem is that everyone has their own favourite coins, and will recommend them. And often the reason that a coin is someone's favourite is that the price has gone up whilst they have held it. And obviously if a coin has risen substantially in the past, that is not a reliable indicator that it will rise again in future, or that now is a good time to buy in.

It does always come down to DYOR.

People think that the coin they are holding will be valuable in the future that's why when someone ask them what coin to buy, they would recommend the coin they hold to help others or just to boost the price. Nevertheless it would be to attract other people to buy their coin to have more volume. Many people choose their coin depending on their strategy may it be base on news or technical analysis or just recommendation from other people and the problem with having no basis why they bought it and just listened to others is that they would blame the people who recommended it to them.

Quote from: SinisterS on June 26, 2018, 05:28:36 PM

Regret is part of this game. You can't always go by what some stranger recommends.

Unfortunately, sometimes it is the only way for others to learn because if they wouldn't experience it themselves then they would not listen to the advises. I always encounter the "Do your own research" but who actually do it are the one who was shilled a coin before and lose so they learned their lesson and I am guilty of this one too.

tabas

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Activity: 2954

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Top Crypto Casino

Quote from: CryptoCraze11 on June 18, 2018, 09:20:16 AM

There are many people (mostly new to crypto trading) seen here regretting buying coins that are recommended by forum members.

Who are those forum members? those members that are shilling their low-capped and low volume coins, they never did a research before buying those coins.

Quote from: CryptoCraze11 on June 18, 2018, 09:20:16 AM

Anyone new to this market should learn trading first before investing major portion of his capital. Take advice but do your own research before buying any coin as no one will share your loss.

This is the scenario that isn't happening but those investors that listened to a stranger that who said "buy .... this will pump... it has a future" listened to the wrong guy.

Quote from: CryptoCraze11 on June 18, 2018, 09:20:16 AM

Keep in mind that if you are seeking advice here, you will be recommended by coins that are bought by members or they have some interest in it. So please don't follow blindly to every advice, take care of your hard earned money.

^^^^ correct!

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: CryptoCraze11 on June 18, 2018, 09:20:16 AM

There are many people (mostly new to crypto trading) seen here regretting buying coins that are recommended by forum members.
Anyone new to this market should learn trading first before investing major portion of his capital. Take advice but do your own research before buying any coin as no one will share your loss.
Keep in mind that if you are seeking advice here, you will be recommended by coins that are bought by members or they have some interest in it. So please don't follow blindly to every advice, take care of your hard earned money.

Of course, that's the common mistake of every newbie in trading, we always have doubt in mind because we knows little than the people who already experience what's best and worst in this society. But we must have to move on, in order to process and learn what do we regret in the past and this will helps us to learn more quickly if we do regret from it, because life's a lesson.

What do we need is just a simple common sense.

xuan87

legendary

Activity: 1666

Merit: 1001

Of course you need to do your own research before buying coin, every one has it's own perspective about the coin feature and some are the member of the developers, so they will suggest the coin that they promote, there are separate opinion about coin so you can't follow people's advice when you want to buy

lyons

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Activity: 294

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Vertex.Market, the World's First ICO Aftermarket

Quote from: CryptoCraze11 on June 18, 2018, 09:20:16 AM

There are many people (mostly new to crypto trading) seen here regretting buying coins that are recommended by forum members.
Anyone new to this market should learn trading first before investing major portion of his capital. Take advice but do your own research before buying any coin as no one will share your loss.
Keep in mind that if you are seeking advice here, you will be recommended by coins that are bought by members or they have some interest in it. So please don't follow blindly to every advice, take care of your hard earned money.

I think that the advices on this forum can be really beneficial sometimes, but on the other hand, in my opinion, you shouldn't make an investment just according to the comments on the forum.

mbm_ico

newbie

Activity: 110

Merit: 0

Your message I would show absolutely everyone new on this forum. I would also like to add that everyone has his own point of view and his intentions, when he advises you something, so make a decision with your head, not someone else's advice.

SinisterS

newbie

Activity: 40

Merit: 0

Regret is part of this game. You can't always go by what some stranger recommends.

kateycoin

full member

Activity: 882

Merit: 104

Quote from: CryptoCraze11 on June 18, 2018, 09:20:16 AM

There are many people (mostly new to crypto trading) seen here regretting buying coins that are recommended by forum members.
Anyone new to this market should learn trading first before investing major portion of his capital. Take advice but do your own research before buying any coin as no one will share your loss.
Keep in mind that if you are seeking advice here, you will be recommended by coins that are bought by members or they have some interest in it. So please don't follow blindly to every advice, take care of your hard earned money.

Nothing is wrong to get the advice of others but always be careful not all people are trusted. To avoid them make your own research or ask a little to your trusted friend that knows about trading in crypto. You earn your money from your hard work so be careful to lose it because in crypto many will lie on you or frauders.

Katabit

member

Activity: 203

Merit: 11

ENTRY cryptocurrency

I agree with what you need to think with your head. And if possible, do not believe anyone, because if you fail, you will lose your money. Therefore, it is necessary to choose the project for investment with special care and diligence. No matter how promising the project does not seem to be, do not invest all your money in it. Choose several projects for investment.

Jordens

full member

Activity: 406

Merit: 100

Quote from: CryptoCraze11 on June 18, 2018, 09:20:16 AM

There are many people (mostly new to crypto trading) seen here regretting buying coins that are recommended by forum members.
Anyone new to this market should learn trading first before investing major portion of his capital. Take advice but do your own research before buying any coin as no one will share your loss.
Keep in mind that if you are seeking advice here, you will be recommended by coins that are bought by members or they have some interest in it. So please don't follow blindly to every advice, take care of your hard earned money.

Yes, you are right, many beginners do not understand the structure of the market and the structure of the crypto currency make many mistakes and then criticize the system itself without understanding it.

rayk

full member

Activity: 448

Merit: 100

Many people also regret not buying coins which are recommend by other members but there is really not a lot of people who can give you good coins now so trying to get coin recommendations in the forum now might be unreliable.

Mahanton

hero member

Activity: 2688

Merit: 625

Quote from: CryptoCraze11 on June 18, 2018, 09:20:16 AM

There are many people (mostly new to crypto trading) seen here regretting buying coins that are recommended by forum members.
Anyone new to this market should learn trading first before investing major portion of his capital. Take advice but do your own research before buying any coin as no one will share your loss.
Keep in mind that if you are seeking advice here, you will be recommended by coins that are bought by members or they have some interest in it. So please don't follow blindly to every advice, take care of your hard earned money.

Glad that you do able to find out and realize such thing which it is just normal for those informations to fly away on all directions where people would always tend to propose or shill out on the coins that they had already invested it out and once they do get some big investor they would able to sell it out on their holdings yet the price had already being increased and thats a normal system and if you are careless enough then most of the time you would really be fooled out.

richjohn

sr. member

Activity: 574

Merit: 255

Quote from: CryptoCraze11 on June 18, 2018, 09:20:16 AM

There are many people (mostly new to crypto trading) seen here regretting buying coins that are recommended by forum members.
Anyone new to this market should learn trading first before investing major portion of his capital. Take advice but do your own research before buying any coin as no one will share your loss.
Keep in mind that if you are seeking advice here, you will be recommended by coins that are bought by members or they have some interest in it. So please don't follow blindly to every advice, take care of your hard earned money.

The thing is you can buy coins suggested by others but you will not know when to exit as nobody is going to tell you that and that is the point where people make loss. Right now, you would have been in loss if you invested anytime before Feb no matter what was your pick because almost all the coins have experienced a dip since then. Therefore, stop blaming others and try figuring out the best entry and exit point available for a coin at that particular phase. You just can't make profit by buying a potential coin, you need to analyze when to exit as well.

krauzzer02

full member

Activity: 378

Merit: 101

Don't depend your decisions from other people most especially from an anonymous person which is most probably shilling or advertising certain coins, most common words buy this X coins and you will get 20x ROI or there would be a buyback from this Y coin so invest to ride the pump, to the moon from this coins buy while it is cheap, consider them but don't depend research the coins from their suggestions and make your own conclusion as to what are you going to buy or not, most of all do your own research to find those hidden cryptos which will be worth a lot in the future.

c4ptch4

newbie

Activity: 172

Merit: 0

you are very right before investing we have to do our own research because people have different points of view in determining a coin and completely it is not true, all back to yourself in determining the coin you will make investment

AnonBitCoiner

sr. member

Activity: 1386

Merit: 326

Eloncoin.org - Mars, here we come!

We should take care of your hard earned money.Because it was not came by free .If you like to inverse in cryptocurrency,you have to deep analysis of certain coin.Mainly you have to check the price chart of that coin over a year or from their origin. It will give you hope to inverse in that coin.

Geoff999

full member

Activity: 476

Merit: 101

Well Said,

You should always do your own research before investing in a project,

Personally i only tend to invest in coins that i would USE once their roadmaps are complete, so they have a value to me personally beyond just financially.

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