TIPS how to manage from losing when investing new projects. - page 2.

danherbias07

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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.

Thank you Yamifoud.
It is a nostalgia of ICO. The creation of different coins/projects left and right with some of them doesn't really have a purpose or just repeat of a project that had already been done before.
1. Price is low, appealing to the eyes because you can have millions of their coins. ex. Shiba. I was once caught by that sickness.
2. Twitter. Oh! They love making hypes there for it's easy to retweet with just a bunch of fake accounts.
3. Scammers. This will be hard to see, they are getting better.
4. Do the research to avoid number 3.

Beparanf

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Quote from: kojektea on March 18, 2022, 08:25:32 AM

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

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.

I often see people trapped here. Although usually scam projects attract people who are new to the market with high bonuses and low prices,
but some experienced people are also trapped here.
I'm sure it's because some people are in a hurry to get rich quick to invest here, even those with experience
will be caught in this trap usually because they've had a lot of losses in the past.
This triggers them to not be able to do project analysis properly, even though controlling emotions here is very important.

The 3rd rule that you quote is the summary of all of this tips but the problem is how do you know it if scam project didn’t promise a too good to be true rewards and act as if they are legit? Most the scammers is upgrading there game on hiding there scam scheme intention, They are not easy to spot right now because they are already investing on marketing and listing before they do a rug pull compared before that they blatantly offer too good to be true reward for investors which is very easy to spot.

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

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.

I often see people trapped here. Although usually scam projects attract people who are new to the market with high bonuses and low prices,
but some experienced people are also trapped here.
I'm sure it's because some people are in a hurry to get rich quick to invest here, even those with experience
will be caught in this trap usually because they've had a lot of losses in the past.
This triggers them to not be able to do project analysis properly, even though controlling emotions here is very important.

2lica

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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

examplens

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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 probably the most important part of any investment.
although of all the answers, I did not see any specific ones which would give clear guidelines on how to do good research. instead of all signature discussions, perhaps someone could write clearly defined parameters that are important in research.
So, my question is, which exactly indicates that a project is good for investment or bad? in doing so I consider metrics like a fake team, young website, etc... are not enough.

lombok

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

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.

I think this point takes a lot of victims whether it's new players or old players in crypto. The high return offered in a project is often a trap, for a matter of 1 to 3 days the high return they conceptualize runs smoothly, but for the next day only scam we get. My bitter experience was because I was interested in a high return scam project, namely the Moon Here Token (MORE). Luckily I only used a small portion of my BNB to buy the token and stake it there.

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.

Many people do not do this, lazy to do because it is complicated to find information. Though the most important thing is research before we enter.

Saisher

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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.

Quote

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.

I used to do that and I ended up losing a lot, not all that is low are worth buying, it's still on how good the project is

Quote

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

Don't rely on hype, hype is good if the project is good, it's still on how good the project is

Quote

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.

Developers are good at making their project look, it still depends on how good you are at looking in a project.

Quote

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

Nobody really will, we have come to the point that we must not go for hit and miss your profit depends on how serious you are in looking for a project.

BitTraderCute

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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.

many beginner traders thinking lower price was the key to generate profit from market, but unfortunately we didnt observe and analisys what actually happen due this drop. external and internal factor must observe to decided will we buy it or not.

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.

it caused all above mistake in our trade. research will help us to identify what actually happen so we won't trapped in fomo or hype.

TheUltraElite

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So anyway, I applied as a merit source :)

Some basic tips, but I appreciate the fact that OP made one nonetheless.

Regarding point number 3, it takes a lot of effort to actually detect a project to be scam, because a scammer is always trying to hide their tracks and therefore, difficult to avoid if one is actively investing in new projects.

Giving every new project a red flag is a trigger-happy situation, but considering the fact that 99% of altcoins have either gone bankrupt or abandoned or vanished into thin air, this approach is also effective. Grin

Therefore, the best way to invest in crypto and still remain in net profit is to buy bitcoin, whatever someone else might say. But I am sure most newbies coming to this forum dont listen to such old skool advice. Roll Eyes

tygeade

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

Maybe we should also consider the use or utility of the project? Usually people look at the project depends on how much it will pump but we forgot that we should also consider looking at the quality of the project such as its use and would the project still operated or be on demand after 5 years? Of course I was talking about long term investment and looking for a new projects that has potential I was looking at those project for long term investment.

Some people only look for new projects so they would sell it after listed on exchange site where it pumps and dumps immediately after listing.

That is one of the most important things when I look at a project. If it doesn't have any utility at all then it would be unlikely for me to invest into something like that. If it has utility but I believe that the utility is not a good one then I would probably stay away from that as well.

I put a decent amount only to projects that have a utility that people could actually care about, at the end of the day we are talking about putting your money where people would use, instead of people would ignore. All these coins that promises things do not really matter to me neither, all those future utility roadmap stuff makes no sense. Either provide me something now, or I won't invest.

takngantuk

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the only way to avoid losses is not to invest. when you invest in a new project, it means that you are ready to lose because almost 100% of the new projects released are not profitable. so the method you mentioned is even less effective

1. We buy coins not only because the price is low - So which coin to buy? high priced coins? After all, who decides whether a coin is cheap or expensive at that time is even just presale.
2. We have to stop thinking about hypes - buying new project coins/tokens that have no hype is tantamount to leaving you loss.
3. Stop falling to scam projects - no one wants to invest in a scam project. but today's lyrical scam projects always look like good quality projects and always confuse everyone. it's hard to confirm that a project is a scam before they actually do it.
4. Doing Research - even beginners done this. but in the end, they loss.

so the most appropriate choice is not to invest.

zasad@

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Before investing, you need to decide what trend is now, bears or bulls. In a bear market, the price of little-known altcoins quickly falls in relation to the TOP 50 projects of coinmarketcap, and there are high chances of losing money. No need to invest in game projects, no need to invest in metaverse projects, because there is a lot of scam there. The maximum amount of investment in such projects is not more than 5% of the entire portfolio, or 10% maximum for an experienced investor.

Husires

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All cryptocurrencies are trying to market themselves because their price is now low and will rise in the future.

Therefore, many marketing tricks can be encountered, such as:

Large numbers of coins distributed: you will get a million coins if you log in, getting a large number of coins does not mean that you will earn more.
Coin burning: Coin burning can increase its value, but it means that the developer team has the ability to control the price.
Offers on unknown platforms: Most of the scam coins make distributions on unknown platforms.
Pump and dump coins

All the tips you mentioned revolve in one way or another to the points mentioned above.

joeperry

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Maybe we should also consider the use or utility of the project? Usually people look at the project depends on how much it will pump but we forgot that we should also consider looking at the quality of the project such as its use and would the project still operated or be on demand after 5 years? Of course I was talking about long term investment and looking for a new projects that has potential I was looking at those project for long term investment.

Some people only look for new projects so they would sell it after listed on exchange site where it pumps and dumps immediately after listing.

asyakashi

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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.

The fourth point is the point that I often do if I want to invest, before that I always do further research.
Usually my friends provide good coin info to invest but not to jump right in but we have to do research before putting in funds, sometimes some promotions actually lead us into fast hype so they get a profit first before we make a profit they will leave us with the losses we make invest.

hugeblack

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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.

You must buy coins either to speculate (if you are a trader) or for future value, and 99% of cryptocurrencies fail to maintain a future upward value.

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

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

Even good projects do not continue to grow for long, because it is mostly in response to conditions. For example, the reason for the rise of Polygon is the increase in the fees of Ethereum network. As soon as the fees decrease, BSC and Matic will not be that useful.

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

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.

Any project that promotes itself in terms of quick profit is scam, whether it has been proven to be scam or not.

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.

Searching alone is not enough, but you know how to search, many scam projects buy ads, reviews and good articles, so do not be deceived by the first page on Google.

so98nn

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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.
[...]

Tbh, I am one of the person who always love to buy in bulk when the prices are dropping or the coin price is already heck very less. On a contrary its actually true because it takes only few decimal shifts in the prices and you can end up earning big profits on the same. I am the guy who made at least 500 bucks easily on the projects like SHIB INU, FLOKI, DOGE etc which we call as shit coins or memes in general. However, in the process we forget that they are also coins, they have tiny prices, you can buy unlimited of them and most importantly they are being invested by billionaire around the globe. Now tell me whats the reason I should not go for bulk buying and selling when Im already making the profits. Yes off course some projects may really turn out to be shit one but you have to take the chances anyways.

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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.

I think this is the most important part, there are many project out there to be scam but with properly researched or consulting the Elite over here will also give good chances of eliminating and staying away from such projects. Currently i took some major steps over here that is to say " Before I venture into any project I create or make a post about such project to know and to see the positive feedback about that project" as i know there people who are good in digging out scam or good projects so if much negatives then i stay away from the project.

Daodex

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We buy coins not only because the price is low? But buying at a lower price is the way unless you are talking about project use cases and utilities, I want BTC and ETH but not at 40k and 2700$, if BTC go down to 20+ region and ETH down to 800$ then my accumulation will begin, never say never because a bear market is inevitable.

coin-investor

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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.

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

This is the most important thing all advice in investing in Cryptocurrency are all about doing research but before you can do good research you must first educate yourself on how to do proper research, research including what others are saying about the project so it's recommended to join the telegram group so you can ask and check other people's opinions, it also includes the hype they are creating on the coin, not all hype are bad there are good projects that needs hype and getting a hype, the usability and what it can bring to the community are what really matters.

Topic: TIPS how to manage from losing when investing new projects. - page 2. (Read 314 times)