What Problems do new investors face when researching cryptocurrencies?

Oilacris

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

It cant really be avoided on having 2nd thoughts specially when you hear out some hypes and shills came from other people or group which would mainly affect your decisions towards on investing on a particular ICO. Your own research and understanding should really be the thing to be followed and those informations on net are just added up as a supplement to your research without even considering it on replacing your main idea for a project.

orions.belt19

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I thinks its having one source where investors may research about cryptocurrencies. It's a struggle having to go through several sites, reviews and comments about one coin just to verify and find out whether one is a scam. Although that it really is the job of the investor to diligently research first, it would be convenient if there was one place for them to go that is reliable. There's a chance that a review is tainted with bias because it was paid by the developers or that a site has yet to cover a new coin. Credible information is yet needed for investors.

astrid.uchiha24

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Quote from: zhekinsp on March 18, 2018, 12:19:33 AM

Falling for the scammers!

Most of the newbies are scammed in many ways like while buying their coins or investing in the Scam ICOs.Because they are asking suggestions to the random people who may don't know any knowledge about ICO investment they just looking to fill their post count for signture campaign.

that's why investment shouldn't done alone especially when you don't have any background to financial analysis, well as for cryptocurrency it's not that hard to invest and trade but the problem these days are investing on ICO that tends to be a scam later on which makes newbies leave a bad impression about cryptocurrencies. I believe newbies should always seek proper guidance.

zhekinsp

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Falling for the scammers!

Most of the newbies are scammed in many ways like while buying their coins or investing in the Scam ICOs.Because they are asking suggestions to the random people who may don't know any knowledge about ICO investment they just looking to fill their post count for signture campaign.

cydrix

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Well you can't go back what was done do you agree? But we can change a bit or change it entirely, new investors face this each and every time when they invest on something that they aren't sure of they tend to get upset over that thing well that's what we call wasting and new investors don't know about it too much because they are new but some even new investors gets wise when hustling great deals and turning the tables around by their experience on the real world.

Pricelessent

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Bump

Pricelessent

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Quote from: Omega Weapon on March 11, 2018, 12:05:39 PM

Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

I think confusing and unhelpful information is one of the biggest problems, most of the time there is information about a project you may like to research but you need to go through huge amounts of nothing just to get there, many people get discouraged by this since in order to find a good ico you need to do this for many coins and it can exhausting to go trough all the trouble only to come empty handed.

Yes! We need more organization in a platform.

Omega Weapon

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

I think confusing and unhelpful information is one of the biggest problems, most of the time there is information about a project you may like to research but you need to go through huge amounts of nothing just to get there, many people get discouraged by this since in order to find a good ico you need to do this for many coins and it can exhausting to go trough all the trouble only to come empty handed.

aishyoo17

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The problem of most new investors of crypto is that they jump right away into invest crypto just because they read that someone became a millionaire because of bitcoin but they don't have any idea what was the process or how long did it take for that person to be where he/she is now. Mostly people will only post the good side of the story. That's why when price our down newbies starts to panic sell and asks questions what is happening with the market. I think newbies should read the pros and cons in investing crypto and not carried away by hype.

Thanasis

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First of all,newbie investors will get trapped to the FUDs so they will lose their capital amount.And then they will take advices from the strangers like they are asking in what coins I need to invest and what I need to do because of the price is falling.And most of the new investors choose bitcoins because many thinks that bitcoin is their only crypto currency.

mashort

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Quote from: Pricelessent on March 08, 2018, 09:34:06 PM

Quote from: mashort on March 08, 2018, 02:57:42 AM

i think the confusion happens in any new industry. since the industry is nascent, i think it is difficult to know which information is correct. but even in the normal venture capital funding landscape, there is some degree of certainty. if everyone could have access to all information about something, everyone would invest and get returns. but investing also involves some amount of luck, belief about the future of the project and not just reading the whitepaper. the breakthrough projects will not be outright visible even with research and regulation. that is what makes any investing interesting.

This is why a platform with communities separated by each crypto that is able to reject spam and fake news is important to crypto investments and helping new investors.

i agree with you

reda

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Some people don't know the how to invest and how learn. So before invest check the all process. Then you know the process. It easy to invest. If want to price information check in the market place. market place is help to for learn more coin information for the future invest. Coin prices any time change. So you invest in right time. It time to change. So time is important for this process. So check the price every day.

Pricelessent

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we need to listen when someone tells us that X coin is scam

^^^you can say that again

Slow death

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

but how much of it is actually helpful?

has helped a lot, even because you can see on the news sites and then go to the ANN thread where there is always someone with a good heart who does research and alerts people if something is scam, although most of the time people ignore the scam alert

Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

How can you trust the person you are receiving information from?

you should not rely on a single source, look for several sources and then compare the various sources of information

Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

And is all the spread of FUD making you even rethink any of your investments?

Nope, I keep making my investments normally

Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

we need to listen when someone tells us that X coin is scam

Pricelessent

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Quote from: mashort on March 08, 2018, 02:57:42 AM

i think the confusion happens in any new industry. since the industry is nascent, i think it is difficult to know which information is correct. but even in the normal venture capital funding landscape, there is some degree of certainty. if everyone could have access to all information about something, everyone would invest and get returns. but investing also involves some amount of luck, belief about the future of the project and not just reading the whitepaper. the breakthrough projects will not be outright visible even with research and regulation. that is what makes any investing interesting.

This is why a platform with communities separated by each crypto that is able to reject spam and fake news is important to crypto investments and helping new investors.

mashort

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i think the confusion happens in any new industry. since the industry is nascent, i think it is difficult to know which information is correct. but even in the normal venture capital funding landscape, there is some degree of certainty. if everyone could have access to all information about something, everyone would invest and get returns. but investing also involves some amount of luck, belief about the future of the project and not just reading the whitepaper. the breakthrough projects will not be outright visible even with research and regulation. that is what makes any investing interesting.

chris200x9

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Quote from: rockie87 on March 07, 2018, 12:08:47 AM

The most common problem that i have heard and faced personally is lack of knowledge and just blind faith that crypto will make me overnight rich person.Most of people invest in crypto by seeing there near ones making good profit in it.They don't even make a genuine effort to learn what it is and how i can make it.People in my country invest in crypto by giving there money to some other guy who knows something about this.And when they loose money,they try to show this trading fraud rather than accepting there mistakes.Soo people who wants to trade,first learn what you are trading.

We never ever should give our money to others for investments because some of our close people itself can cheat you in money matters. So if one can't understand where they are investing then better avoid that investment and find one which they can understand before investing.

People who believe that crypto investments are shortcuts to become rich fast means it is completely wrong and if someone says then never believe those people.

tweetbit

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Quote from: AngelSky on March 07, 2018, 09:20:10 AM

Quote from: tweetbit on March 06, 2018, 09:15:35 PM

There is a bunch of information in or out of this forum that is untrue and just FUD that is coming from a strangers who will benefit if someone be victimized. So don’t rely much on other people, go with your instinct and gather more information on a legit platform or at the ICO website you’ve wanted to invest in. Laziness of one investors either new or old is the common reason of lose.

Nope most of the untrue information are shared by the group of people making negative rumours about the bitcoin and other crypto currencies. DT members, moderators and staff members are actual contributors to this forum.
If any newbie want to learn some thing from the forum pinned message of the moderators and follow the positive information is only the healthy for the forum and crypto market as well.

Yup I think it’s my fault of generalizing my statement as I also follow updates from respected and trusted Bitcointalk members. Then study they’re portfolio and investment strategy. Moderators et al, as they’ve known bitcoin and have deeper knowledge on this coin than most of us. I’m referring to newbies or paid members who spread nonsense in this forum.

tweetbit

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Quote from: bitcoinisbest on March 06, 2018, 11:11:08 PM

Quote from: tweetbit on March 06, 2018, 09:15:35 PM

There is a bunch of information in or out of this forum that is untrue and just FUD that is coming from a strangers who will benefit if someone be victimized. So don’t rely much on other people, go with your instinct and gather more information on a legit platform or at the ICO website you’ve wanted to invest in. Laziness of one investors either new or old is the common reason of lose.

For many people their research is just only to ask few people and based on their say they make up their mind rather than them self reading about he project , reading whitelist and doing a deeper search and questioning the team of need be and than finally if convinced should be invested.

That’s dependent mentality attitude won’t bring them to success but to failure. We have to think about our own and act according to what we think if it is right or wrong. If ever they find themselves at that character the first and the must is to stop and quite investing. Knowledge about coins is needed and it requires effort and only those who read and search for answer can have the edge.

Hamphser

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

Its normal to read up different words truth,fuds,false informations,hype into this place or even on other websites as well but we talk into this forum itself.Its expected you would really read up lots of informations on all types,since its a forum then anyone can freely post on what they like either the truth or just having an intent to hype up things or false informations given and as newbie we are really prone on being victimized. The solution? then better read up even more and finding out communities feedbacks towards it and sooner you will really have the idea related to the things you are searching on.

audaciousbeing

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

In addition to all of those problems you listed investors faced, the most important one is finding the truth because a well perfect scam plan is always designed in detail to check out and the stress of finding that is always killing. I took interest in a particular project at some time, and every names provided I traced to LinkedIn, Facebook and even websites where the people are mentioned in short, everything checked out and because I am an average user of the internet, I couldn't make a conclusive statement because despite all of this something tells me the project is an unserious one and it turn out to be so.

Pricelessent

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We need higher quality platforms of information that can connect users with people they can verify and trust.

AngelSky

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Quote from: tweetbit on March 06, 2018, 09:15:35 PM

There is a bunch of information in or out of this forum that is untrue and just FUD that is coming from a strangers who will benefit if someone be victimized. So don’t rely much on other people, go with your instinct and gather more information on a legit platform or at the ICO website you’ve wanted to invest in. Laziness of one investors either new or old is the common reason of lose.

Nope most of the untrue information are shared by the group of people making negative rumours about the bitcoin and other crypto currencies. DT members, moderators and staff members are actual contributors to this forum.
If any newbie want to learn some thing from the forum pinned message of the moderators and follow the positive information is only the healthy for the forum and crypto market as well.

Pricelessent

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Quote from: rockie87 on March 07, 2018, 12:08:47 AM

The most common problem that i have heard and faced personally is lack of knowledge and just blind faith that crypto will make me overnight rich person.Most of people invest in crypto by seeing there near ones making good profit in it.They don't even make a genuine effort to learn what it is and how i can make it.People in my country invest in crypto by giving there money to some other guy who knows something about this.And when they loose money,they try to show this trading fraud rather than accepting there mistakes.Soo people who wants to trade,first learn what you are trading.

Thank you for your input. What country are you from?

rockie87

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The most common problem that i have heard and faced personally is lack of knowledge and just blind faith that crypto will make me overnight rich person.Most of people invest in crypto by seeing there near ones making good profit in it.They don't even make a genuine effort to learn what it is and how i can make it.People in my country invest in crypto by giving there money to some other guy who knows something about this.And when they loose money,they try to show this trading fraud rather than accepting there mistakes.Soo people who wants to trade,first learn what you are trading.

bitcoinisbest

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Quote from: tweetbit on March 06, 2018, 09:15:35 PM

There is a bunch of information in or out of this forum that is untrue and just FUD that is coming from a strangers who will benefit if someone be victimized. So don’t rely much on other people, go with your instinct and gather more information on a legit platform or at the ICO website you’ve wanted to invest in. Laziness of one investors either new or old is the common reason of lose.

For many people their research is just only to ask few people and based on their say they make up their mind rather than them self reading about he project , reading whitelist and doing a deeper search and questioning the team of need be and than finally if convinced should be invested.

tweetbit

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There is a bunch of information in or out of this forum that is untrue and just FUD that is coming from a strangers who will benefit if someone be victimized. So don’t rely much on other people, go with your instinct and gather more information on a legit platform or at the ICO website you’ve wanted to invest in. Laziness of one investors either new or old is the common reason of lose.

Pricelessent

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Quote from: pawanjain on March 06, 2018, 12:42:18 PM

People nowadays don't think much before they invest in any cryptocurrency. Just for the sake of getting profits, they right away invest in any cryptocurrency they are recommended into. They dont do their research properly before investing and then end up in a loss. Much of these are because of the misconception that investment in crypto will make them rich quickly which is purely false.
They dont seek advise from trusted people and start falling in FUDs . I believe people should take time and research on a project before investing in it.

You should definitely know every scrap of DNA within the company if you are going to invest your hard earned money into it, but can you blame new investors wanting to get in solely for the profits? When they hear about coins going x100 it sparks something within them to join in, causing the FOMO.

My question really is how can we help them spend the time more efficiently in researching and actually getting advice from accredited investors instead of total strangers with no equity in a coin.

pawanjain

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Nothing lasts forever

People nowadays don't think much before they invest in any cryptocurrency. Just for the sake of getting profits, they right away invest in any cryptocurrency they are recommended into. They dont do their research properly before investing and then end up in a loss. Much of these are because of the misconception that investment in crypto will make them rich quickly which is purely false.
They dont seek advise from trusted people and start falling in FUDs . I believe people should take time and research on a project before investing in it.

Koro-Sensei

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

Well we couldn't realize the better and scam right away from all those list of recommendations in the internet. They could be dealing with potential dealers or scammers. The only thing that only stand is the top coin that has been working for ages and still being used even as of now. It takes a lot of effort to identify what's which.

SHAWN-MIDWAYS

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Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from?

As far as I know the information thats available on the internet is there to guide us and help us do more research about related projects, I dont think its an issue of trusting a stranger...if it is thats where due deligence needs to be applied.

Quote

And is all the spread of FUD making you even rethink any of your investments?

FUD just like Fake news needs one to authenticate the sources, you cant believe everything you read online thats why i believe we have the responsibility to do more research in whichever crypto project we want to invest in.

Pricelessent

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Quote from: krishnapramod on March 05, 2018, 11:58:57 PM

I think it's too much unorganized information or misinformation. Last year more than 900 ICOs were launched and 46% of them already have failed, marketing through different announcement sites, social media, press releases, and referral spam. A good percentage of new investors enter the crypto market on hype/FOMO, looking to buy the next Bitcoin on discount and with so much information being spread out about different ICOs, rather than taking a time-consuming approach to do a proper research, most new investors tend to quickly grasp any information that fuels their FOMO psychology, just taking investment advice from strangers.

I agree it needs to be more organized. How about a platform that separates the content from each cryptocurrency based on the ones you subscribed to.

krishnapramod

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I think it's too much unorganized information or misinformation. Last year more than 900 ICOs were launched and 46% of them already have failed, marketing through different announcement sites, social media, press releases, and referral spam. A good percentage of new investors enter the crypto market on hype/FOMO, looking to buy the next Bitcoin on discount and with so much information being spread out about different ICOs, rather than taking a time-consuming approach to do a proper research, most new investors tend to quickly grasp any information that fuels their FOMO psychology, just taking investment advice from strangers.

Pricelessent

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Quote from: pinkflower on March 05, 2018, 10:32:15 PM

One of the biggest problems is theres too much junk information anout cryptocurrencies floating around the internet, and it downs out the authentic information.

Go to the altcoin subforum and see what I mean. 90% of threads created there for the last 6 months are junk.

Yes, there should be a way to eliminate spam.

pinkflower

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One of the biggest problems is theres too much junk information anout cryptocurrencies floating around the internet, and it downs out the authentic information.

Go to the altcoin subforum and see what I mean. 90% of threads created there for the last 6 months are junk.

Pricelessent

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Quote from: mobnepal on March 05, 2018, 09:24:58 PM

There are actually lots of ICO popping up everyday and also there are many tokens which has already gone through ICO but finding it hard to get real pump after listing.

Management of both of these tokens will try to spread hype over their token through paid media or by convincing few influential speaker. And newbie investor tries to follow that hype and start to loss both his/her investment and trust over crypto investment. There are no any media outlets that post true information around crypto specially about ICO. All ICO review sites do paid review and information sources are not properly organized.

Great point, who is really promoting the coins because they believe in the product and not just doing it to pump and dump. We need to come together and find communities that HODL the same coins as each other and eliminate spam of FUD. A social network with a reputation score to build social trust will help.

mobnepal

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There are actually lots of ICO popping up everyday and also there are many tokens which has already gone through ICO but finding it hard to get real pump after listing.

Management of both of these tokens will try to spread hype over their token through paid media or by convincing few influential speaker. And newbie investor tries to follow that hype and start to loss both his/her investment and trust over crypto investment. There are no any media outlets that post true information around crypto specially about ICO. All ICO review sites do paid review and information sources are not properly organized.

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Quote from: rey.fudz15 on March 05, 2018, 06:34:45 PM

My choice will go to confusing/unhelpful information and other ( lack of information of the past prices).
that confusing/unhelpful information has been explained by some here so i'd like to take the chance to explain why lack of information regarding past prices becomes a problem for new investors.
usually there are people that rides the bandwagon hype and if a close friend of them telling that "this is a good investment" they usually buy it without even researching, i know some people personally bought a lot of coins during ATHs so they are holding their coins very hard now since the market has been far from ATH.

This is true, but do you think that can be attributed to taking advice from the wrong person? Because the market is so volatile it will go up and down easily.

So if you got advice from someone that SHOWED you they had a diversified portfolio, with up to date earnings, you could make a better decision?

rey.fudz15

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My choice will go to confusing/unhelpful information and other ( lack of information of the past prices).
that confusing/unhelpful information has been explained by some here so i'd like to take the chance to explain why lack of information regarding past prices becomes a problem for new investors.
usually there are people that rides the bandwagon hype and if a close friend of them telling that "this is a good investment" they usually buy it without even researching, i know some people personally bought a lot of coins during ATHs so they are holding their coins very hard now since the market has been far from ATH.

Pricelessent

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Quote from: Aikidoka on March 05, 2018, 05:02:33 PM

I do believe that if you sit down and have your full time researching about the cryptocurrency you want to invest in and with a help of many experts, articles (even though you should not fully trust them), you will manage to come up with a good decision in the end.

Investing in a new cryptocurrency is risky and you might feel unlucky eventually. Therefore, I think that the other problem of investors is trying to come up with a decision on whether to invest or not.

Yes you can come to a conclusion after persistent research, but there are just so many to look at! And what if there was a place you can fully trust the information you are receiving. A more organized social network for crypto investors. But at the same time not like these copytrade platforms with wallets built in, but a positive community (like bitcointalk of course) where you can check the portfolio and credentials of someone before taking their advice.

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I do believe that if you sit down and have your full time researching about the cryptocurrency you want to invest in and with a help of many experts, articles (even though you should not fully trust them), you will manage to come up with a good decision in the end.

Investing in a new cryptocurrency is risky and you might feel unlucky eventually. Therefore, I think that the other problem of investors is trying to come up with a decision on whether to invest or not.

leowonderful

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Quote from: Pricelessent on March 05, 2018, 03:13:36 PM

Quote from: leowonderful on March 05, 2018, 11:29:17 AM

Most people don’t look extremely deeply into ICOs and one piece of FUD could easily make a possible investor reconsider his/her decision, and it’s not always easy to find out what’s true and what’s false, especially in this day and age (it even happens on these forums all the time, just hop into Altcoin discussion). FUD’s my personal pick for the biggest issue for both investors and those who run ICOs.

Youre right they do not look too deep into ICOs. But since there are so many popping up everyday, one person will not have the time to dive in and read a bunch of whitepapers and check different team members LinkedIn profiles.

And now they are copytrading platforms, but I think the problem with that is people will give their money to someone and in this volatile market, lose their funds, and hastily back out of an investment. And if your first trade is bad and if it is from an investor you didnt fully trust, you will be reluctant to try that platform again

At the same time, those who only do two seconds of research really do deserve to get burned. There's still an influx of uninformed and misguided investors in Crypto, and it's important those people understand Crypto isn't just a money grab. Even I don't fully read whitepapers as I don't have the time to do so, but taking a quick peek and skimming through is sufficient most of the time.

Pricelessent

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Quote from: Cobalt9317 on March 05, 2018, 02:48:59 PM

Quote from: Pricelessent on March 05, 2018, 02:41:47 PM

This is very true. Information is so widespread and for new investors looking to profit from crypto, they cannot tell which one is a good investment or not.

Do you think there should be an organized social network, other than bitcointalk, maybe a dapp that can eliminate FUD and false hype to help new investors? And be able to check the portfolios of “influencers” or “accredited investors” to see if they have the credentials to backup the hype/advice they are giving

This a very good idea I don't believe it came from a newbie with a 3 post.

Even I doubt to invest in any cryptocurrency even if I knew some of them have a good potential offspring, furthermore I don't know if the information I gathered was a FUD and intended that way.

It is so annoying if you didn't invest at the first place and it turns out your instinct was right in the first place, just like what happen in WAVES.

Whether or not you are being sarcastic that it is a good idea, either way thank you 😊

Pricelessent

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Quote from: leowonderful on March 05, 2018, 11:29:17 AM

Most people don’t look extremely deeply into ICOs and one piece of FUD could easily make a possible investor reconsider his/her decision, and it’s not always easy to find out what’s true and what’s false, especially in this day and age (it even happens on these forums all the time, just hop into Altcoin discussion). FUD’s my personal pick for the biggest issue for both investors and those who run ICOs.

Youre right they do not look too deep into ICOs. But since there are so many popping up everyday, one person will not have the time to dive in and read a bunch of whitepapers and check different team members LinkedIn profiles.

And now they are copytrading platforms, but I think the problem with that is people will give their money to someone and in this volatile market, lose their funds, and hastily back out of an investment. And if your first trade is bad and if it is from an investor you didnt fully trust, you will be reluctant to try that platform again

khufuking

sr. member

Activity: 840

Merit: 266

I went with Confusing / unhelpful information . If you go to any Telegrame channel , Reddit subs , big twitter accounts and even in this forum you will find that people will always recommend what they wish will go up so that they can make profit you will hardly find anyone that will recommend what is really good to invest in . this might be on purpose or might be with good well , but the results is the same at the end feeding other people information that you are not sure of or you manipulate some information to serve your purpose .

Cobalt9317

copper member

Activity: 434

Merit: 278

Offering Escrow 0.5 % fee

Quote from: Pricelessent on March 05, 2018, 02:41:47 PM

This is very true. Information is so widespread and for new investors looking to profit from crypto, they cannot tell which one is a good investment or not.

Do you think there should be an organized social network, other than bitcointalk, maybe a dapp that can eliminate FUD and false hype to help new investors? And be able to check the portfolios of “influencers” or “accredited investors” to see if they have the credentials to backup the hype/advice they are giving

This a very good idea I don't believe it came from a newbie with a 3 post.

Even I doubt to invest in any cryptocurrency even if I knew some of them have a good potential offspring, furthermore I don't know if the information I gathered was a FUD and intended that way.

It is so annoying if you didn't invest at the first place and it turns out your instinct was right in the first place, just like what happen in WAVES.

Pricelessent

newbie

Activity: 71

Merit: 0

Quote from: cydrix on March 05, 2018, 07:16:05 AM

On how we can identify the good to bad and reliable and unreliable. Only those who have exceptional mind can identify which is which. The problem here is the internet when we click or search for informations all will appear before you is a lot of recommendations that could lead to that and various information we couldn't think of.

This is very true. Information is so widespread and for new investors looking to profit from crypto, they cannot tell which one is a good investment or not.

Do you think there should be an organized social network, other than bitcointalk, maybe a dapp that can eliminate FUD and false hype to help new investors? And be able to check the portfolios of “influencers” or “accredited investors” to see if they have the credentials to backup the hype/advice they are giving

leowonderful

legendary

Activity: 1624

Merit: 1130

Bitcoin FTW!

Most people don’t look extremely deeply into ICOs and one piece of FUD could easily make a possible investor reconsider his/her decision, and it’s not always easy to find out what’s true and what’s false, especially in this day and age (it even happens on these forums all the time, just hop into Altcoin discussion). FUD’s my personal pick for the biggest issue for both investors and those who run ICOs.

xIIImaL

legendary

Activity: 1372

Merit: 1005

Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

Greediness and choosing the high cost non potential coin investment and fake ICO projects been spreaded everywhere are the big trouble for investors. I know these options are not in the list you gave.
However, these are my personal choice about the investors what they are looking into and fake them.
Very few people only goes with the cheap potential coin and make profit out of it.

Alone055

sr. member

Activity: 1204

Merit: 290

I think the spread of FUDs is the biggest problem for new investors.
A person who wants to join an industry as an investor would probably want no flaws in it, and finding some would surely make him lose confidence a bit, or a lot in some cases. FUDs about cryptocurrencies do the same to new investors. They find a lot of negative news revolving around the whole crypto community, demonstrating a totally falsified form of cryptocurrencies. The investors start thinking that maybe they are getting into something they shouldn't, and that probably is a problem in my opinion for people willing to invest in cryptocurrencies.

Quote from: Pricelessent on March 05, 2018, 02:02:02 AM

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

This forum is all about that. We don't need to make any other place to do the same thing that is being done in this forum already. They just need to find it in order to get the genuine information about every aspect of cryptocurrencies. The information gained from this forum has never been different from what the reality is, and if there are any that are not totally true, they are corrected by others in the forum having more knowledge about that thing.

cydrix

full member

Activity: 602

Merit: 129

On how we can identify the good to bad and reliable and unreliable. Only those who have exceptional mind can identify which is which. The problem here is the internet when we click or search for informations all will appear before you is a lot of recommendations that could lead to that and various information we couldn't think of.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

At first glance, these challenges aren't really that much different from researching non-crypto investment opportunities. Let's look at IPOs, for example, you've got unsolicited investment advice, FUD also exists, IPOs are extremely confusing with relentless fineprint and loopholes.

Which probably reflects the reality people fail to understand: you really do need to arrive at an investment decision after a lot of research and planning.

What's worse, even if you somehow find a project that meets traditional criteria, there's little the crypto investor can do to influence the investment in crypto. You're basically giving your funds and hoping for the best.

I think serious investors face one additional problem with crypto investments: regulation. There isn't a single ICO that is compliant yet, despite what they want you to believe. Because regulations haven't caught up yet. And when it comes to jurisdiction, it's not clear which regulation and which directive applies.

Pricelessent

newbie

Activity: 71

Merit: 0

We all know there is a wealth of information on the internet about cryptocurrencies, but how much of it is actually helpful? How can you trust the person you are receiving information from? And is all the spread of FUD making you even rethink any of your investments?

In order to help new crypto investors, we need to come together to create a place for them to trust the information they are reading and the people they are getting it from.

If you selected, “Other” in the poll, please reply with whatever else you think new investors face when researching and then finally investing in crypto.

Thank you

Topic: What Problems do new investors face when researching cryptocurrencies? (Read 553 times)