TIPS how to manage from losing when investing new projects.

molsewid

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Quote from: isaac_clarke22 on March 25, 2022, 04:42:19 PM

People just find it too hard to do DYOR and that's why they are now overlooking it these days and went just like "fuck it, sell it if it does not push through". I still do it though, but I never bothered invested in one since I am full-time hodling Bitcoin.
Most crucial part of me in DYOR, is looking out for paid reviews which are common now these days, since people can just get out of it easily anyway.

Actually the DYOR protocol is not just made for us to follow but also it is a common rule that we need to practice in ourselves especially to newbies when it comes to investing in new projects, sad to say but this one was been neglected especially newbies and that's one of the reason why many are fall into losses in new projects. What OP have had enumerated in this thread are truly important that we need to be mindful of. Always look for the use case of the project and don't be sugar coated by the hype of the project.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: SaveOurSea on March 24, 2022, 05:53:52 PM

It's not an easy thing to invest our money in a long project because to wait for it we have to be patient,

If it is a long term altcoin project, it will defenitely fail. Being able to get into those which become groundbreaking is like the chance of getting a jackpot on a casino, because most projects are scams or failures anyway.

Bitcoin would not be that, so for long term bitcoin should be preferred. Altcoins are only going to be big in short term and before anyone can sell and cash out, someone would have dumped.

Quote

but in my opinion it is much better than choosing to speculate into shitcoins which risk may be greater,

Long term or short term in my opinion matter only for bitcoin, not altcoins if you want to trade in a sane manner. You may get more regular returns from day trading a new altcoin that hits the market, but you have to decide how to want to play it. End of the day, trading is not everything in life.

isaac_clarke22

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Quote from: Kemarit on March 24, 2022, 09:52:15 PM

~

People just find it too hard to do DYOR and that's why they are now overlooking it these days and went just like "fuck it, sell it if it does not push through". I still do it though, but I never bothered invested in one since I am full-time hodling Bitcoin.
Most crucial part of me in DYOR, is looking out for paid reviews which are common now these days, since people can just get out of it easily anyway.

magneto

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Generally speaking, people should stop buying new projects.

The best projects are likely not looking to do a public round that early, while those who actually list publicly are probably not investable in any reasonable way.

You are essentially shooting yourself in the foot if you buy into ICO, IEO, or whatever offering they have these days. Virtually none of them are profitable, and the small proportion which become profitable you could have bought at a later date for cheap anyway.

Kemarit

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Quote from: Yamifoud on March 16, 2022, 09:05:15 AM

It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things.

1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.

2. We have to stop thinking about hypes - maybe some but not all of the new projects

3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.

4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.

Yeah, specially about the hype thingy, I think this is prevalent in crypto market only, of course, there is hype on certain stocks, but crypto? it's very different. You can find a certain projects being hype everything and then later it will just die down a natural death.

Too good to be true projects are already a red flag, no need to take the risk and invest on them.

DYOR - the old adage but still very effective method specially if you are a beginner in crypto investments. Not everything that shine here is diamond or gold.

SaveOurSea

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Quote from: BitTraderCute on March 24, 2022, 05:19:53 PM

Quote from: Lizzylove1 on March 24, 2022, 11:56:58 AM

Most times, people don't want to hold coins that have potentials for long because it tends not to bring quick profit, they go into hype and get burnt afterward, looking back after some period, they realized they have been stupid to have followed hype instead of project solving real problem. See how people were rushing to buy dodgecoin ATH, what were they thinking? quick gain. Imagine holding ETH from $68 till this time.

market filled by speculators now that want to earn profits and didnt appriacte project building. but real investors prefer safe their money into long term project which is could give them thousand percents profits, but they didnt patience to get it so prefer to speculate into shitcoin.

It's not an easy thing to invest our money in a long project because to wait for it we have to be patient,
but in my opinion it is much better than choosing to speculate into shitcoins which risk may be greater,
but after all it all depends on each person's decision

TimeTeller

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Quote from: viananda2525 on March 24, 2022, 05:43:47 PM

Quote from: Dr.Osh on March 24, 2022, 07:02:46 AM

Those are some tips to pay attention to, especially when doing research, and don't rely on hype. sometimes, people don't know how the coin works, and why the price has gone up. they sometimes invest because they follow the hype.

they blindly influenced by CT or anyone that have popularity, so fundamental or technical not be important any more for them. they just buy everthing and thinking it will give them profits. hype and fomo will make us trapped in loss so we must becarefull and need to improve our own knowledge so we have better experience to face market.

Quote from: BitTraderCute on March 24, 2022, 05:19:53 PM

market filled by speculators now that want to earn profits and didnt appriacte project building. but real investors prefer safe their money into long term project which is could give them thousand percents profits, but they didnt patience to get it so prefer to speculate into shitcoin.

its the market fact now, alot new investors come to crypto market and they buying shitcoin which is have no utility and project developtment.when they loss, market will blamed and called it as scam.

It is true that some people are influenced by what is happening in the market.
If they see that it is pumping, they are thinking, why not buy before it further increases?
But they need to know at least the reason why the price is moving up.
Because most of the time, if they do buy, they are buying at the peak already.
As usually, it is another a pump and dump scenario, and you are buying their peak level.
Some do want to join this market for the hope that they can easily get profits.

viananda2525

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Quote from: Dr.Osh on March 24, 2022, 07:02:46 AM

Those are some tips to pay attention to, especially when doing research, and don't rely on hype. sometimes, people don't know how the coin works, and why the price has gone up. they sometimes invest because they follow the hype.

they blindly influenced by CT or anyone that have popularity, so fundamental or technical not be important any more for them. they just buy everthing and thinking it will give them profits. hype and fomo will make us trapped in loss so we must becarefull and need to improve our own knowledge so we have better experience to face market.

Quote from: BitTraderCute on March 24, 2022, 05:19:53 PM

market filled by speculators now that want to earn profits and didnt appriacte project building. but real investors prefer safe their money into long term project which is could give them thousand percents profits, but they didnt patience to get it so prefer to speculate into shitcoin.

its the market fact now, alot new investors come to crypto market and they buying shitcoin which is have no utility and project developtment.when they loss, market will blamed and called it as scam.

BitTraderCute

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Quote from: Lizzylove1 on March 24, 2022, 11:56:58 AM

Most times, people don't want to hold coins that have potentials for long because it tends not to bring quick profit, they go into hype and get burnt afterward, looking back after some period, they realized they have been stupid to have followed hype instead of project solving real problem. See how people were rushing to buy dodgecoin ATH, what were they thinking? quick gain. Imagine holding ETH from $68 till this time.

market filled by speculators now that want to earn profits and didnt appriacte project building. but real investors prefer safe their money into long term project which is could give them thousand percents profits, but they didnt patience to get it so prefer to speculate into shitcoin.

Fatunad

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Quote from: Yamifoud on March 16, 2022, 09:05:15 AM

4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.

This is actually the key and if you are mindful and doing such effort on making some in depth research then i dont really see for someone to have that huge losses into their investment even though risk
is still high but not just the same when you dont do your assignment or making out some research first before testing out the waters. We are talking about investment on here or simply our money
which it would be understandable that we should really be that mindful on what are the possible steps that we should done to be effective or sustainable into this market.

LogitechMouse

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Quote from: Yamifoud on March 16, 2022, 09:05:15 AM

1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.
2. We have to stop thinking about hypes - maybe some but not all of the new projects
3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.
4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.

The first 3 will be prevented if you know how to do the 4th one because if you do research first, you are equipping yourself with knowledge thus lessening the chances of losing money or fall into scams and hypes etc. Knowing which are scams and which are now will help you decide whether you need to invest into new projects or not. On the other hand, you could lose your money investing in hypes but you can still make money if you know when to enter and when to exit and if you're lucky to buy the token at its lowest price then it pumped then suddenly.

Quote from: joeperry on March 17, 2022, 04:26:16 AM

Maybe we should also consider the use or utility of the project?

You can add this as well because every time I invest into projects, I always see the use of the token and how it will help people in their lives.

Lizzylove1

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Christ The King

Most times, people don't want to hold coins that have potentials for long because it tends not to bring quick profit, they go into hype and get burnt afterward, looking back after some period, they realized they have been stupid to have followed hype instead of project solving real problem. See how people were rushing to buy dodgecoin ATH, what were they thinking? quick gain. Imagine holding ETH from $68 till this time.

Dr.Osh

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Those are some tips to pay attention to, especially when doing research, and don't rely on hype. sometimes, people don't know how the coin works, and why the price has gone up. they sometimes invest because they follow the hype. well, they also sometimes compare prices with other coins, such as "this coin has as much potential as bitcoin, and the price is still very cheap". people who don't do research will be tempted by it, and most likely invest. I know a lot of people like that.

however, for extras, choose a coin once you know how it works and progresses. In addition, knowing who is working for the project, and who is the partnership of the project can be an added value. also see what CEX checks they work with. sometimes, when a new project works with a popular CEX, it can be a great start.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: wheelz1200 on March 20, 2022, 10:52:30 AM

It's simple buy bitcoin. Hold bitcoin. Someday in the future, profit. Too many people load their portfolio up with complete crap coins trying to chase profit. It works for very little people. Most end up with useless bags when bear markets set in.

There is a simple method like you say but most people don't like simple things in life but like to make them complicated. Therefore they will go with shitcoins more than bitcoin while again having a lack of faith in shitcoins.

Just like that, crap gets filled in their bags and they can't sell it properly. Then they are stuck unable to sell and find themselves in a loss position.

Keeping a bitcoin rich portfolio should be aimed by all.

wheelz1200

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Quote from: Yamifoud on March 16, 2022, 09:05:15 AM

It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things.

1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.

2. We have to stop thinking about hypes - maybe some but not all of the new projects

3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.

4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.

It's simple buy bitcoin. Hold bitcoin. Someday in the future, profit. Too many people load their portfolio up with complete crap coins trying to chase profit. It works for very little people. Most end up with useless bags when bear markets set in.

sana54210

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Quote from: 2lica on March 18, 2022, 07:42:52 AM

Few tips from me too Roll Eyes

1. Check project's Whitepaper - do your research!
2. Check the Team/Roadmap/Tokenomics - check how things are described and if there is enough information, detailed roadmaps give the feeling of a brighter overview of the project's future.
3. A good time investment on the website/docs by the developer's side is always a good point to consider. Meaning that they're investing time and efforts in it.
4. Check their competitors and what advantages they have over them
5. Try to consider what future the project will have and their room for improvement

I have to say the first one doesn't make sense if the others are not correct, or it doesn't even matter if the others are great. If the team is not a fake one, if it is actually known and liked people in the crypto community, then it should be fine.

I have seen so many projects made by unknown people and even when their whitepaper was awesome, they went away and became a scam because at the end of the day we are talking about scammers here and anonymous accounts. However, I have seen so many projects that didn't have great whitepapers at first, but built a great team that we all know and heard about and eventually they all became better.

isaac_clarke22

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Quote from: Yamifoud on March 16, 2022, 09:05:15 AM

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People are taking advantage of #2 for the short-term. Guess that not everybody is fan of long-term holding that's why they're just joining the hype. Count meme coins for one on that. I heard from one of my colleagues that they do not care if a random guy in Twitter just shill the crap out of it, as long as they get to profit from it in the end cause that's what matters for them.
For #3, that's a lot to cover actually since people just wanted to buy cheaper coins so that they can bag it for the holding, but they're not fully aware of what's to come.
For #4, do not rely too much into reviews as some of them are paid. There are legit reviews and there are paid reviews.

aioc

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Quote from: Bitstar_coin on March 18, 2022, 09:42:12 AM

"Stop falling to scam projects" - scammers are getting advance with their effort to scam investors, so it takes a lot of effort to be able to detect this scam projects, so i would suggest investors to ask questions before doing anything, ask questions from people who understand more better to avoid falling for scam projects.

Yes, I agree nobody wants to fall into a scam project, but there are projects that look good on paper their whitepaper is stand out original and they are backed by people who look real with their credentials, but they created projects to lure investors from losing their money they have a good roadmap completed their roadmap for a period of time until they stopped updating and abandon the project, it's really tough luck finding a good project on their start-up it's better to invest in projects that are already well established.

ZaMRoneY

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Quote from: Yamifoud on March 16, 2022, 09:05:15 AM

It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things.

1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.

2. We have to stop thinking about hypes - maybe some but not all of the new projects

3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.

4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.

We'll i believe staying away from anything that involves : Flokis, doges , elon , inus should be straight canceled out 99% of them are straight rug pulls and the 1% i'm just giving the benefit of a doubt.
I've been looking into $ENGN more deeply lately since the BTC seems to be awakening again and find their blockchain implementing technology really innovative for the whole GameFi niche, and i'm also really tired of eth gambling sites taking all my money due to high gas fees so i'm looking at $LFI as well for their safe gambling protocol which is built on the Polygon network, no more 30$ gas prices for a 50$ deposit...

Bitstar_coin

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"Doing Research"- It is easier said than done, we often emphasis on the DYOR thing when trying to invest but the truth is.... it is not that easy, you may think you have follow the steps and done all that is required to make a good research on a new project to invest on, sometimes the project will still pull a fast one. My suggestion here is to stick to project from reputable exchange (the probability of those project turning scam is less since the exchange already done the hard part of researching about the project and team)

"We buy coins not only because the price is low"- of course not all low coins are good to buy, we all know most alts are still in their infancy, they don't have product to back the tokens, it is better to buy those alts with product backing when the price is low.

"We have to stop thinking about hypes"- a little bit of hype won't hurt a project, just enough to get investors attention, a project with no hype will always remain under the radar and will not receive the desired attention and reach the right people.

"Stop falling to scam projects" - scammers are getting advance with their effort to scam investors, so it takes a lot of effort to be able to detect this scam projects, so i would suggest investors to ask questions before doing anything, ask questions from people who understand more better to avoid falling for scam projects.

Topic: TIPS how to manage from losing when investing new projects. (Read 314 times)