Why invest on a project because someone said they are good? - page 4.

ethereumhunter

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Quote from: Malam90 on November 29, 2019, 04:43:37 AM

Quote from: Raflesia on November 28, 2019, 12:05:58 PM

Maybe your friend believes in LCC coins and doesn't know the benefits and developers in it so he can't answer.
The important thing is that we already know that LCC coins are not top-tier coins, so I don't think it's good to invest there even if you have done research on the coins that won't make you invest there.

Right, some investors invest in coins which he don't know or don't do any research before investment. They buy because they believe this coin is good and people have demand but they are investors on no research. Thats why he believes LLC coins.

He will regret it to follow the other people's suggestions without research because only with research, we will know if the coin will be profitable or not. If he can suggest his friend to analyze and research for that coin, I think he can save his friend from the unknown coin so he can decide to continue to invest or not. But if his friend doesn't want to listen to his advice, then let him choose what he wants, and we will see what will happen later to him.

tinyteapot

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Quote from: OasisDre on November 28, 2019, 11:31:52 AM

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

It is a natural phenomenon that someone have to inform you about an investment before you can be aware of it, it could be by the words of mouth, newspaper, television or any online media.

I remembered the period of ONE coin and other of such project, i will not dig much into LCC but there is nothing bad if someone introduce you to a good investment.

Wysi

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Quote from: albrots on November 29, 2019, 04:37:44 AM

Many of my friends recommend investing in investment projects that they think are good and profitable. But I am still hesitant to follow it. I always learn to analyze investment projects before following them so they don't get caught up in fraudsters' projects.

Do not ever just believe when others say the project is good, need analysis first, to decide whether the project is good or not.

We need to take a call after doing our research and honestly even I have referred some of the projects to my friends which were flop even though they had great team and potential to prosper and the whole intention was to help them but ended up in distress. It's better to take suggestions but do your own research before investing.

rutherford

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In this group we can all exchange income in talking about crypto coins, of course there are negatives and positives about giving opinions. With this group, in my opinion it is very useful to share knowledge and provide benefits in making decisions in terms of investment.
In your case you have to research what you need, for example about the price of crypto then you have to filter the opinions and ideas from friends.

Malam90

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Quote from: Raflesia on November 28, 2019, 12:05:58 PM

Maybe your friend believes in LCC coins and doesn't know the benefits and developers in it so he can't answer.
The important thing is that we already know that LCC coins are not top-tier coins, so I don't think it's good to invest there even if you have done research on the coins that won't make you invest there.

Right, some investors invest in coins which he don't know or don't do any research before investment. They buy because they believe this coin is good and people have demand but they are investors on no research. Thats why he believes LLC coins.

Serco

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Quote from: bandungan on November 29, 2019, 03:27:27 AM

Quote from: OasisDre on November 28, 2019, 11:31:52 AM

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

we should not have to believe in someone, maybe we should first try to analyze the coin. so if indeed the coin is potentially good we can participate, but if the coin is not good we can stop not following. because good standards, according to people, are very different from ours.

our analisys will be different if we have high strandard when observing coins. We could take some opinion from others ,but dont totally agree with him . their opinion has possibility to wrong. If we could combine it , maybe good analisys could produced. If we have our own capability in analize coin, it will very usefull when many fake expert occur. They just want to take money from beginner by providing their analisys or signal.

albrots

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Many of my friends recommend investing in investment projects that they think are good and profitable. But I am still hesitant to follow it. I always learn to analyze investment projects before following them so they don't get caught up in fraudsters' projects.

Do not ever just believe when others say the project is good, need analysis first, to decide whether the project is good or not.

bandungan

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Quote from: OasisDre on November 28, 2019, 11:31:52 AM

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

we should not have to believe in someone, maybe we should first try to analyze the coin. so if indeed the coin is potentially good we can participate, but if the coin is not good we can stop not following. because good standards, according to people, are very different from ours.

Winscosinally

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For newbies is makes sense to follow someone for quick guidance but try as much as possible to be better on your own because analysts are just humans like yourself, they are not perfect and they can make mistakes as well

Samayuki

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Analysts are not perfect as well, all their claims are still predictions to me but they can easily take out some points about a project for you instead of doing the whole work yourself and yet its wrong to rely on them

Kvalentine

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Quote from: OasisDre on November 28, 2019, 11:31:52 AM

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

Well to me it makes sense because sometimes you can learn more about a particular project from others, it will help you to make a perfect decision, for example i invested in a project but i never knew it has burning ability, i heard it from an analyst and i find out its true so i must have missed that in the first place

Ailmand

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Most people don't do their own homework when investing. They are investing because of hype or FOMO. Not everyone is after the use case, most investors are after the profit. Never base your investment decision because someone tells you it is good, it will be profitable or etc. Always research about the project and invest in a project you think will survive in a long run.

Mighty_crypt

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Some people don't just say a coin is good or bad, they may be right either ways but make sure they have good points to back up their claims, its not bad to follow analysts but apply your own wisdom as well

Oneandpure

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Quote from: OasisDre on November 28, 2019, 11:31:52 AM

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

Almost owner always said they are the best project for investing, but you can't believe it before checking by your self, look how their project team and owner look serious with their coin before and after ICO, for Litcoin cash I think is not have good website and better never invest with coin without source link information about their coin, need whitepaper to know what opportunity of this coins.

reallester

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Quote from: OasisDre on November 28, 2019, 11:31:52 AM

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

Just like we have 'Opinion Leaders' in our various societies whom people believe and take on to whatever they acknowledge. We have analysts who can be likened to these 'Opinion Leaders'. They are believed to have huge knowledge when it comes to blockchain and cryptocurrency. Hence, people tend to take to whatever they say without even carrying out their own analysis and research. These people give coins to buy. At the long run, its necessary you learn to do adequate researches before investing in the coins they acknowledge.

SabrinaBianka

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Quote from: OasisDre on November 28, 2019, 11:31:52 AM

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

In my opinions, That was he wanted. Like BTC we do not have any idea if what use case can be use BTC right? But a lot of investors invested on BTC and they are guaranteed to gain profit past 6 to 10 years ago. So I think he invested because he felt a good investment idea to this coin. But we don't need to hear any analysis because not all their analyze are correct. We need to be careful with our money first of all before we invest on some coin that our felt that is good for us.

topbitcoin

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Quote from: OasisDre on November 28, 2019, 11:31:52 AM

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

There are a lot of project in ICO that use influencer to make their project attract more investors. I think for something like that in this crypto world is normal. Especially if your friend said that he buy because an analyst said about the project. For us usually as normal people, if we see or maybe paid or maybe work in a project, usually will promote to other people about the project/coin.

Stanlo

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People wants to make profits and they put aside learning, this people will easily lean on other's choices and prefer to listen to them than listening to their hearts, they never challenge themselves by asking how those they lean on manages to know much

anjiitem

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Quote from: OasisDre on November 28, 2019, 11:31:52 AM

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

Things like this indeed often occur in cryptocurrency where everyone invests in a project without knowing how the project is and they only participate based on suggestions from other people or from their friends and they will decide to invest in it because maybe they don't know how to analyze a project. I think this is only natural as the people they follow are close people and they trust.

jessyj48

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There is nothing wrong consulting other people when they can't understand something, since he is a friend why can't you just teach him instead? teach him how to do research on projects and what makes a project better or needy

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