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Topic: Why people are excited everytime we see a new coin without knowing it first - page 2. (Read 872 times)

copper member
Activity: 1190
Merit: 3
This is very true. When airdrop or bounty is announced, its based on the ICO/IEO price of the token. Say 10 million dollar bounty. But when it actually hit the exchanges, real price becomes so much % less that bounty pool becomes 10,000 dollars  Smiley
This is what the situation of 80% of bounty rewards holding. I think we should just ignore the initial price set by projects for their ICO/IEO.
sr. member
Activity: 1106
Merit: 273
Now that's called" hype." Every time I see a good new project, I scream like a little girl. Because there are projects between them that sometimes excite me too much. I'm very excited about the new blockchain projects, especially on social media ones. gram, voice, contentos are a few of them.

I think I'll never lose that excitement because I wholeheartedly believe in blockchain technology and mass adoption.
sr. member
Activity: 980
Merit: 255
HALA MADRID
New coin equals new money all things being equal. Everyone rushes in everyone expects profits only little gets the profit when the feast is over before the coin becomes old as well.
Every day there may be so many altcoins made, some good and some shitcoin. Why do people believe in new coins too easily? 
1. The desire to get rich quickly. 
2. Tempted by many benefits. 
3. It's too easy to believe in promises.
4. Etc.
The fact is, new coins made through the ICO/ IEO project are not always profitable for investors. There are only a few of the many products that can survive in the market and the rest fail and disappear. What is the biggest risk of investing in new coins? 
1. Loss, the funds invested in the project will not return if the market demand for the product is very low.

Mistakes in choosing a product will cause funds to disappear, and this is a risk that must be accepted by every investor.  What must be done to minimize risk? 
1. Start the learning analysis, investigate and understand what the project offers and future product benefits.
If you find a project and product according to the criteria you want, then you have the right to invest in them. Minimize risk and see what we will get.
sr. member
Activity: 1204
Merit: 253
Undeads.com - P2E Runner Game
Yes very agree with you. There are so many projects that arise people in their pleasure and spread the project without reading or in-depth.
And until the last time, their campaigner failed. Many people ridicule fun etc. It's true that it hurt investors where it is pleased to put the project to a sudden failure.
But that's all a positive and negative impact. We should be clever to choose which projects are good and which ones don't.
full member
Activity: 1148
Merit: 116
The excitements of new coins are always present for all crypto hunters and new investors but if you've been around in crypto space for a while you must have know that its not worth it to be excited when new projects pop up, cos mostly they are scam projects
member
Activity: 798
Merit: 14
New coin equals new money all things being equal. Everyone rushes in everyone expects profits only little gets the profit when the feast is over before the coin becomes old as well.
sr. member
Activity: 951
Merit: 259
It's about human psychology. It's about building today's world on "consumption." We always want and desire better, new and more technological.

"New" is always good. Man always wants to have better. In an age when consumption is so extreme, it is quite common for new coins to excite us.
legendary
Activity: 2450
Merit: 1047
Some people still get excited, some people are not those who gets excited are those people who are new here and still trying to get more tokens, in the hope that the tokens that he is going to receive will worth in the future.
And those who are not excited anymore are those people who has experienced everything, the scam the profit and who knows the real condition of the ICO and bounty hunting, that is now at it's worse.
full member
Activity: 2100
Merit: 174
Probably because they still find a good project out of thousands of new ones. I have been in the same thinking that; fortune comes from trying and trying for a longer time. Last year I participated in several bounties and just few works for the very best of the project. Am always very careful with the new projects and those who invest should also be careful to avoid loosing money on these newly launched projects, most of them are scam projects.
full member
Activity: 1120
Merit: 200
Turkish Translator
Because people never read, they see a coin is coming out and they get excited no matter how that project is.

They never research about technology, the team and the vision behind that project. It is a main problem of profit loss. First, we have to read about what is it bringing to us, how it will contribute to blockchain etc.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
There is a misconception that is existing where the investor are excited when they see a new coin that got listed even they do not have enough knowledge about it. They thought that the coin can help them to become rich.
even though the risk is high if we take the new altcoin listing in the exchange. some will experience a significant decline before prices will eventually drop dramatically. only a market play and this is very risky if we do not have much trading experience dealing with these conditions
full member
Activity: 651
Merit: 103
There is a misconception that is existing where the investor are excited when they see a new coin that got listed even they do not have enough knowledge about it. They thought that the coin can help them to become rich.
sr. member
Activity: 1236
Merit: 252
it doesn't hurt when they are excited when they see a new coin but yes, all come back to be careful because in this case it's not only bounty hunters who regret having spent a lot of time, if you are aware of investors then investors who actually get big losses from many factors and not only about money
Yes I know people in past people made mistakes because of low knowledge and it made them coat all or so when you hear about any new coin just make sure you have fine information about it first. As people knows in crypto every day new investors joins so they plan to scam them SBD blind trust makes people regret later that’s why better remain careful.
newbie
Activity: 37
Merit: 0
This is now an obsolete assumption. Reports show that there is now less money being raised by ICOs compared to the 2017 bull run, proving that there are fewer and fewer people that invest in those startups.
IEO exists now, and crypto exchanges that list the new coin/token make a careful review of it before they list it at the expense of getting a percentage of the sales as their payment for facilitating the said event.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
I am interested in new coins when I see it advertised on a famous website or if there is website based crypto review about that coin, but only limited to being interested, in investing I need time to do more research.

For bounty, I think bounty hunters will continue to be interested in new coins because they expect to earn money from campaign provided by the project.
member
Activity: 1764
Merit: 10
People try to believe in new projects and try to promote them and invest in them, but unfortunately now almost every project is a scam and there is nothing to be done about it, because now it’s very difficult times in the cryptocurrency sphere and in the cryptocurrency market, so people try at least somewhere somehow get a profit.
sr. member
Activity: 1568
Merit: 324
https://duelbits.com/
Every new project that is launched always offers a very good prize so we are always eager to follow it, and not all projects can be valued well because it is very difficult to guess that a project will be successful later, many of us find projects that were originally very good but at finally we cannot enjoy the results, so in every project we are dependent on our personal enthusiasm.
member
Activity: 882
Merit: 13
New projects means new opportunity for bounty to earn some tokens, but sadly most new projects out there are scasm and some are destined to fail. We can't blame bounty hunters who fall for this trap, but your correct the right to do is move on and try your luck on the quality ones.
jr. member
Activity: 224
Merit: 1
Many people are greedy when it comes to money,they are all excited to gain a large amount of fund and they didn't even knowing it first before having transaction in it. Thats the main issue of human when it comes to money,they always wanted to gain and gain and to become richer.
sr. member
Activity: 1288
Merit: 253
Majority people only want get much profit without knowing first with new coin to invest, they have get recommendation from some one to buy new coin without check how potential coin for the future, what real product giving buy new coin. They only take profit with investor and after coin sold to public many cases altcoin be dump and investor keep complain about why altcoin price have down.
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