Topic: Why not try out a less popular but promising token? - page 5. (Read 696 times)
Purchasing new coins isn't inherently daunting, particularly if you're confident due to thorough research. The real fear lies in investing based solely on hype or fomo. I refrain from recommending specific new coins, as their success rates are typically low in their infancy stages. Additionally, bear in mind that even the most promising projects, if lacking substantial community backing, may ultimately falter.
It is ones decision to whatever they wish, this is also applicable to holding altcoin, individually choice is personal and thats is why it is advisable to allow any individual to choose whatever the I'm at to do, the thing is that people are more interested in bitcoin and thats because of trust, many token has been proven to be scam this changed the mindset of many investors to divert their attention, I have a friend that has lost a lot in this token of a thing and as it stands there is nothing you will tell him about new project that he wouldn't tag it scam and I believe that there are many people like that too, it very difficult to ascertain a less known coin thats is encouraging.
Nothing really bad in being an "early investor" in a certain project because the growth potential is far higher. The reason why it's mostly not recommended for 99% of people is because a huge majority of people are simply incapable of making good decisions in such risky investments, hence why people are better off just buying BTC.
Certainly, there is merit in being an early investor, as history has consistently shown that early bird are tend to have advantage over latecomers. However, it is crucial to be aware of risks involved with new projects as they don't have any history of performance. Therefore, take risk keeping in view your financial situation and risk tolerance level, or rather investing in Bitcoin is a better option as it is well established and recognized digital asset.
cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. 
Well thats a risky one but in all honestly I think that new project is more potential of a gain with more higher than already listed especially when its narrative is based on the current trend now like AI, RWA, lsdi, depin or some memecoin. Well I do think that most will rise are the new ones. L2 are also good lile the one whom never experience bull run like arbitrum and optimism. Theres plenty of choices but now L1 are the one pumping like eth, sol and bnb. 
Maybe we should not call it an unknown coin, we should rather call it a new coin. I can guarantee that some new coin will bring massive return that the 100 coins on the coinmarketcap. Also many top 100 coins will lose their spot after the bull market
Yes I support you because there are many new coins that have come into the market and made good positions. Where some of the older coins were at the top positions, many new coins have come and taken their place. Investing in new coins is not risky but must be in good exchange and good position coins. Like ORDI, TIA etc. all these coins are new and have made a good position in the market. So new coins should not always be neglected. 
cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here.
Scam is the main reason why many investors (including me) are hesitant to buy these new tokens. In the past years, I've seen many projects turn out to be scam projects or what they call a "rug pull". The good thing is that there are fewer scam projects compared to what it was like 3-4 years ago when ICO was a popular niche. Many projects joined the hype at that time, but some of them were just created to scam people, and that changed how investors see these new ones that are popping out.
You want to learn about an unknown token or in this case new token. The problem with this new project IMO is the lack of community behind it since it's a new one. There are times when a new project that has no community at all will be the same, but there are some who will have people who will support the projects for some reason. Learning about an unknown token will be hard IMO because there are many of them. If you want to learn more about them then maybe focus on the bottom 500 or 1000 in terms of market cap.
cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here.
Sometimes if when you choose carelessly it will also work but the percentage is 1:1000 only if you are lucky. Usually the token will rise if it gets a high pump from one of the well-known crypto influencers and there is hope that it will rise, but if it only hopes from buyers, as has been experienced by many people, it will stay there and not move in the value of our investment.
I thought, Why test and waste our money where it doesn't belong?? and if you want to have fun with your money I don't think it's a problem to keep gas.
Maybe we should not call it an unknown coin, we should rather call it a new coin. I can guarantee that some new coin will bring massive return that the 100 coins on the coinmarketcap. Also many top 100 coins will lose their spot after the bull market
Correct, unknown coins means those coins can be old coins but not promising or not popular on the market, but a new coin have potential and listed on many major exchanges but somehow we missed it that doesn't mean it's a unknown coin. Mostly new coins price increased several times in the market than top old altcoins, and you know so many altcoins are reached in top 100 coins. 
Maybe we should not call it an unknown coin, we should rather call it a new coin. I can guarantee that some new coin will bring massive return that the 100 coins on the coinmarketcap. Also many top 100 coins will lose their spot after the bull market
Nothing really bad in being an "early investor" in a certain project because the growth potential is far higher. The reason why it's mostly not recommended for 99% of people is because a huge majority of people are simply incapable of making good decisions in such risky investments, hence why people are better off just buying BTC.
Op if you're willing to hold a token, then you should be the one to make your choice of holding, don't let others list coins for you all in the name of a promising coin. Reason I said so, right here in this forum we have lots of developers here, so definitely a developers would want to advertise his coin by bringing it as a suggestion for you to buy, and they'll seem as though they have done research. So be careful with information you are being provided with. I recommend you do your own research to get the coin you which to invest in, so that you'll be responsible for the risk and outcome of the project. If the result from you holding turns out good, then you'll receive all the credits for making a good choice ball by yourself and that will give you insight on how to make the right choice continually.
cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here.
Jump to: