Topic: Why not try out a less popular but promising token? (Read 690 times)

If the money is yours, the idea should be yours is a perfect way to explain it. If people just follow others and hear about this new token that might be good, then we are going to end up with a bad result, we shouldn't really do that and try to avoid that if possible.

I personally believe that I would never invest into anything just because someone said it. Don't get me wrong, we all hear about coins here and there, I do not just come up with a random name and check if a coin with that name exists, of course I see it somewhere too, but not because someone suggested it, I see improvements, I see news, I see some new innovations, and I see MANY people chatting about it here on this forum. That's when I start to check it and see for myself if it's good or not.

I think one should overestimate one's own research and experience in order to profit from crypto investments. Because when and which token to buy it should be done by your own research as different people may have different opinions. A guaranteed future purchase of tokens can yield guaranteed profits. But stay away from investing if you can't always best yourself by picking good projects.

New projects are also good for investment after realising about their fundamentals and if a project is stronger enough that its goals are achievable and its team is trusted then new project are also good source of earning.

I don't think that we can always earn big sum with investment in less popular project because bitcoin is termed as a king and is most popular project ever so you can see that it's profit is more sure than profit of less popular project.

It was an individual choice OP. You can do anything, that is your money and decisions. People are giving warnings about the possible results of investing in new tokens/projects and it's up to you to listen or follow the recommendation. If you think it was wrong, then make a try at it just to know and feel why many people are suggesting not.

Because it has been known that new tokens/projects are usually involved in scam issues. People are aware of it which makes them think that it is good to choose established projects like ETH rather than hoping for new projects. Well, new projects offer huge ROI which attracts new investors as well but the question is how reliable they are or just broken promises.

We can always try to invest in less popular project but we all need to avoid new project that is not built on a solid rock.
The foundation of a project is what is going to determine whether it worth to hold or just to buy and sell when launched.
Since there are thousands of coins in the market, we can take the risk and go for the less popular ones so that we can make money from the market without much stress.

Yes everyone should learn before investing in new and unknown coins but it will take some time to make an idea about investment in new coins and we also don't know that what will be the most higher price of such token in Bull run therefore in order to reduce fear top Coins are a good option for buying.

We should not focus on the price because price can change in a matter of second and also don't follow others but if money is yours then idea should also be yours so don't involve the suggestions of others but do your own research to do a better decision.

It's hard to answer which is the most interesting. But judging by profit, TFS was quite profitable with its staking with high APY. So you can try it too, the main thing is to always check and follow risk management

It is very easy to invest in any new project with the hope of greatly benefiting from it, but before doing so, make sure you are willing to sacrifice the money you are investing in them. I'd rather invest in a well-known and less scammy altcoin unless the new one I'm interested in is promising and convincing enough to warrant it. New projects are more likely to be scams than older projects that have already established a good name and prestige for themselves. Not that less popular tokens are all scams, but their popularity can sometimes lend them trustworthiness.

The "Cost" and the "Scam" instincts is one of the most considerate if an investor has to Indulge on strange and u familiar field of investments and when you feel you don't have enough to risk on it, you'd probably fallback from it but when your emotions is strong enough to take the risk, whether you've enough to loose or not, you'll always understand that investing is much more of risks and there, your faith would overcome your fears. But in all, it doesn't mean one shouldn't Invest with what's most affordable to lost.
So Op, it's of no wrong step of you taking the risk in as much you've aim of making profits out of it, it's worth trying. Meanwhile you're not the only approaching that very unpopulous MemeCoin in your mind so believe it that there are also investors out there ought like you.
Good luck on your trial Op.

Somehow its true that coins that doesnt have utility or simply shit coins or memes are really that shooting up 100-1000x in compared into those coins which does have utility but ended up on getting rejected or not really been pumped. We do know that community is one of the main reasons on why a certain coin would really be shooting up its value on which it would really be something that giving out that kind of questions in mind
on how the heck these projects did really get so value in compared to those who are actually giving some utility?  This is what makes most people do really get interested when it comes on dealing up with memes
since they do know that they could potentially be able to earn something if they do hit up the right spot.

So it would be on your risks management on which one would really be worth for your investment because its your money then you do have the full rights on what you should
gonna invest and what you should gonna do with it. Just make it sure that you do invest on the amount that you can afford to lose as always.

so are yuo planning also to share your things here in forum? i mean this road of yours
to promising token would you give us update to what we are going to learn from yours? we
cannot take scam and costing because that is our main concerns yet we need to understand
because this is our money to take care and be aware.

A lot of people make this mistake, they invest in coins and tokens listed in a certain exchange without doing any research or checking its background, as soon as they see it has gone up 20% or something, they start thinking it is the best cryptocurrency in the market and invest a lot of money in it, they also become a victim of FOMO and then as soon as the token starts losing value, they regret their decision.

So it is important for anyone investing in newly listed coins and tokens to at least do some research before they make their investments in it, just because a cryptocurrency is listed in an exchange it doesn't mean that it is trusted and is worth making investments in.

I'm not sure with what you called as unknown token. Is that the newly token created or coin listed in certain exchange which is not top coins? Or, ar eyou looking for token with more than #1000 rank on CMC? Or are you looking for new token where there is only few people who want to invest in it?

This is exactly risky. I know that many members here support what you want. But, honestly, I will prefer  to say, please be careful on your investment.
This seems to be high risk,  too. Because after all, we may analyze a new project with our own analysis. but does that guarantee that our analysis is correct, whereas not many people also analyze these tokens because they are unknown tokens? Then, are you sure that these unknown tokens will really be successful in listing on exchanges, especially on top exchanges, even though are they unknown tokens?

In my opinion, this is no different from choosing a hype token, which is also full of risks. The difference is that token/coins hype might be more promising as long as we understand when to get in and when to get out, by taking advantage of the hype moment. And not for long-term investment. However, for this unknown token, I might even think it is a token that is not well known and perhaps has not been listed on the top exchange. So, who knows whether this token will be able to survive in the market or not. the risks are also equally great.

Personally, I'm not the type of high risk taker. So I would prefer to choose popular tokens or coins that are at least in the top 10. I don't want to be idealistic by avoiding top popular exchanges. Why? Because so far, I have made quite a decent profit from these coins.

But that's up to you, at least you will first know your unknown tokens to be picked.

I always emphasize on making a proper research before you invest in any token or any altcoin many people fail to make a proper investigation before then invest that is why sometimes after their investment they began to lose both to their capital and also profit because sometimes all this coins that does not have a very good potential or recommendation always die of during the time of their rich market that is why it is good to make a proper research below and the above before you invest in any coin it is obvious that many people who complain today is people who could not make a findings before the invest in a token they don't know the output and the input of that particular token.

the only thing I have to tell you is to make a proper research before you invest in any coin even though it is a bitcoin make a research before you invest knowing if the price will increase or not before you invest in Bitcoin that is the most important thing that I have to do so relating it to altcoin you have to make investigation more research of the altcoin that you want to invest on that will make you to be at safer side, because I know quite well this has to do with precautions, it's a someone who does not endure that always venture into a new launched without asking a series of questions

And one of these you will probably end up with. Also, it is very time consuming to make a research for a completely unknown token but a promising one(?) I highly doubt that. The risk in this kind of investment is greater than any other existing types of investment inside and outside of crypto.
It is not only the scam that will bear a risk of losing your money, but also the probability of that project/token to be successful is very slim due to the high market competition. The existing projects will always kill the newly created projects, unless they can create a hype of their own, because most of these new token's utilities are just a copy of the existing ones.  So, good luck with that!

I know the same thing has happened with some of the promising projects as proper marketing is necessary for survival of new coins because that's when you get a chance to grab eyeballs and pool in investors and if we have a marketing tactics which falls flat or no marketing at all then it would be really difficult for survival because your project will not even reach the right audience. UTK aka xMoney is one prime example.

The scam is a very good reason why one might want to stay away from new crypto projects, and of course, many have been scammed due to this in the past. Also, the belief matters so much even as I love to respect the beliefs of others. If your belief is not in line with any project, you may honour it, but do not be pained if you later see the project moves x100, after all, without risks, there can't be gains and it is the risk for those who are now millionaire of cryptocurrency took for them to get to that level.

This is why at times, we look beyond our belief and the fear of being scammed to take the risk, and if it works well for us, we will eventually smile. However, I do not think that any cryptocurrency that has been listed by exchanges like Binance can still be a scam. This is why I wait till they are listed in such an exchange. If the project is good and promising, I buy it. After all, it's all about risk.

But for the cost, that can't be a good reason at all, as new projects are often very cheap to own.

Cryptocurrency is inherently volatile and high-risk, and less popular but promising tokens carry even greater risk. If a token has low demand, its survival is questionable even if it offers promising features. While you might invest hoping people will eventually recognize its value, the majority of these tokens don't survive.  Many people won't be interested unless the developers make significant marketing efforts.  Therefore, always do your own research and only use money you can afford to lose.

I am sure that you will quickly run out of money that was allocated for the experiment, because I have never seen anyone part with their money so easily. You must understand that this is your money, no matter how easily you got it, nevertheless you must take care of it, excluding such adventures.

If a altcoin is popular in the industry then you are already late to getting onboard in most cases. The task is to find a potential project before its getting fame or popularity. If a project is unpopular then it will be better to keep your distance from it this project is not making any money so the investors will leave the project eventually for another new one.