Topic: Why invest on a project because someone said they are good? - page 5. (Read 732 times)
Your friend took a big risk which isn't worth taking because anything could have happened. Those experts he listened to how are they better? Or can they see the future? Many people who have listened to them in time past have regretted badly because they ended up buying either a useless coin or a coin which wasn't able to give them the return they were promised. I will implore you to teach your friend the right thing least he makes the same mistake again.
Simple, once a project has a big HYPE people like your friend will fall for it, i can't say hype is a bad thing because it is needed in crypto world so badly, sometimes it helps actually but most times pump and dump projects use hype the most
weaklings relies on others decision and they are too scared to make one for themselves, this type of people will find it hard to achieve their goals because all their life will be depending on others and they won't be able to learn a thing
I called it laziness or such people are too scared of making mistakes, lack of wanting to seek for answers is laziness which is just bad and been too scared of mistakes will only make you stay in same spot forever
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?
That is why don't just blindy invest on something without any research first moreover if it was because someone told you so. The thing is, beginners easily fall for something like that, just following what others have said. Just because someone said they are good, doesn't mean that it is good. There are still lots of people just like that. Well, it's your right to follow them or nah. But I don't know much about LCC apart from it's a Litecoin fork, after all there's always risk whatever you do. Be smart!. 
It is also understandable, when someone does not understand something, they must consult with other people, with experts, their opinions will be more important. But in the cryptocurrency space most of the judgments are exaggerated and inaccurate, Participants need to learn for themselves what they intend to invest.
Depends on that someone says it's good. Actually I listen on some of my friends when they say they say buy this one it will pump cause they have experience in trading sometime I believe them cause it really did but not totally accurate. With regards to investing, maybe IEO tokens on big exchanges are the one I will only invest cause I can see the ROI.
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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 depends on who that someone is. If that someone is just a random guy from somewhere in the internet, then it is really not right investing on a particular coin. But if that someone is like Jeff Bezos or Bill Gates, I might consider investing on the coin. I have not invested on Litecoin Cash. Just by the name of the coin, I know it is nothing but a mere replica of the Bitcoin Cash of Bitcoin.
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's ok to listen but you need to dig deep on your own, and don't just rely on what has been said, you never know they are bounty hunters and they are paid to promote the project, or worse, they are ambassador and they are paid to recruit so check the project if it's worth investing.
Do not be trusted in others even though it's your own friend let alone the problem of investing in new projects now. He leverages as your referral so they get a bigger bonus. So, do not be immediately trusted on a thing before you dig deeper and you are sure new you can trust your friend now.
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 depends on who that someone is. If that someone is just a random guy from somewhere in the internet, then it is really not right investing on a particular coin. But if that someone is like Jeff Bezos or Bill Gates, I might consider investing on the coin. I have not invested on Litecoin Cash. Just by the name of the coin, I know it is nothing but a mere replica of the Bitcoin Cash of Bitcoin.
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's ok to listen but you need to dig deep on your own, and don't just rely on what has been said, you never know they are bounty hunters and they are paid to promote the project, or worse, they are ambassador and they are paid to recruit so check the project if it's worth investing.
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?
What coin is it called litecoin cash, I only heard with litecoin because listed with big exchange and have top ten position with coin market cap, sure today first time I heard with litecoin cash because I don't see have ICO for this coin or not, maybe keep investing and holding with good coin only because you can get much profit later if potential altcoin for holding and forget with shit coin can make lost your money. 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's all about the hype and the promises made by those "analyst" that is why many people took the risk in investment. But walking blindly to an unfamiliar territory can lead to unwanted consequences. It is not enough that you knew the risk. One should at least lessen it by researching extensively about the project.
Even your friend suggest the coin is good you should not rely only to his words, conduct your own research to see if he has basis then decide for yourself.
The problem for some of us is we are not cautious and just going with the flow of the current hype without proper knowledge about it. Suggestions are welcome but its not enough reason for us to invest because if you do then you're likely one of those investors to fail for being careless.
The problem for some of us is we are not cautious and just going with the flow of the current hype without proper knowledge about it. Suggestions are welcome but its not enough reason for us to invest because if you do then you're likely one of those investors to fail for being careless.
In every field there are people known as influencers, some people rely on them in making purchase decisions because they trust their judgement. I'm not surprised people invest in coins following another person's judgement, while it might turn out fine, I believe in doing your own research.
It is not advisable to ask questions that we don't know and can trust to ask whether a project is good or not if we want to invest in it. I agree more with the words above that it's better to do your own research than to ask people we don't know.not to underestimate bounty managers, they are sometimes wrong and fail to bring a project to success. even though they may have more experience, so in principle I prefer to ask friends or research themselves and hope luck can be with us.
Its because of hype my friend, most investors in this industry invest in some coins due to the hype of some famous shillers. And dont get caught in it too. You have your own decision, never let someone get that from you. Always do your own research on a specific coin.
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?
maybe because your friend is someone who is a newbie. so he sought advice or opinions to the more senior and older in the crypto market. I used to be like that often asking friends who have long invested and traded in the crypto market. what is important is that the friend we are asking for advice is a good and honest person and we already know close.
but even though we've asked, we still have to do our own research. so that when the coins we choose don't match our expectations we won't blame others. because it's also the result of our own research.
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?
Simply because it attracts foolish people and it sometimes some of them hesitate to resist because of personal relation to that certain person who are offering them to invest. Some of them also invest on the project they don't know because they believe that this person's faith in an investment is correct wherein they have no more question about it because it's enough. 
As I see it, it looks like your friend got hype. I don't know if he has researched it first or not, what is certain is that I like the way you are. When your friend explains a project he is taking and invites you, you look for the information first rather than jump right into uncertainty.
GOOD or BAD is just a play on words in my opinion. Which is both played by people to influence the mind, so people who are lazy to find out can be directly affected.
GOOD or BAD is just a play on words in my opinion. Which is both played by people to influence the mind, so people who are lazy to find out can be directly affected.
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