TIPS how to manage from losing when investing new projects. - page 3.

Strongkored

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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.

This is what many newbie investors like, they do not yet have experience that making prices go up hundreds or thousands of percent is not easy, even don't believe when a project promises will be listed on major exchange unless they actually have a good project to develop and funds to pay listing fee.

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.

Too lazy to find information so this is often ignored

blockman

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The best thing is the #4. With research, you're unlikely to fall with scams and worthless projects to invest with your money. The sad truth is that many people fall for these bad projects because they never do any research and just rode with the hype that those projects have made.
That's the other thing if they're going to research, they won't be a victim of hypes anymore because it's always the last one that's going to become a victim of those hypes and are likely the ones to lose a lot.

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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.

This is actually what I think before, I buy coins that are very cheap 0.000000XXXETH, not only for new projects but also for old ones.

Yes, in my mind, I'm thinking I could be rich once the market is bullish but for many pumps and ATH had come, I do not even see them growing. I was wrong, absolutely. Now, I realized that this strategy not really works, we'd better buy those coins that have the potential even the price is quite expensive as this means there is a demand.

Yamifoud

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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.

Topic: TIPS how to manage from losing when investing new projects. - page 3. (Read 326 times)