Bitcoin Forum

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?

Point taken.
Why?
Hype!
That is all their reason for investing in a project which they dont even have a slight idea.
They think it will still grow because of that hype.
Many investors will still buy even if it is a scam or not.
They just dont care as long as it is promised to have a good profit afterwards.
That still happens.

I was once like this before when I came across cryptocurrency for the first, it was all due to hype and lack of knowledge.
it is understandable for a newbie to fall into this trick because they do not know the dark side of hype and manipulation in cryptocurrency.

Maybe there is, of course not including me. ;D

I will be like you, digging for information as deep as possible even though some say it is good, no one is responsible for our finances except ourselves so I will be careful about this.

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.

When I was new to crypto this is what I believe, I can quickly believe in predictions, analysis of other people so sometimes I make money and sometimes I don't. Maybe because I have never been aware of where to find information but now that I know i make studying  the coin that I want to buy and if anyone in my friends recommend some coin to buy  I will give it a study first to be sure that I am facing the coin with a potential price rise in the future

The worst thing that one can do is to listen and taking advice without fully analyzing the project, your friend just got lucky because the project turns out to be good, we are in 2019 it's now time to educate ourselves on how to check a good project and do not leave it to these so-called experts.

If you start investing in projects because someone said so then you are getting into big trouble, it is proved that people will advertise anything for money and even these projects will pay celebrities to advertise their projects and we have seen that in the past when sports persons were advertising token projects which were really shitty, so think twice before taking anyone's advice.

Don't be too trusty even though your friends invite you to invest in the project. do your own analysis / research better, so there's nothing to blame later on. your friends invite to invest, make it as a reference source or reference material, and do your research independently. Keep in mind that from 2018 is a scammer trend and until now crypto-world is looking for a solution about it.

People can blindly hype any project for either money or their own blind judgements, it doesn't make sense to invest on something you know nothing about without knowing what its all about, crypto is so shady and can be very misleading too

If you invest on a project just because someone said that is a good project to invest means you have no idea about crypto projects and you are convinced by an analyst which is nothing but a shill of a project.Chances of the project will get successful is also there but don't invest if you are not convinced that is a good project to invest.

it's all because of the big profit.
don't ever invest just because people say it's a good investment. to be honest, one of the dangerous investments is that you don't know what you are investing. Even though you have all the explanations you have given to that person regarding an investment, you need to do your own search and assess yourself. now there are so many HYIP sites that offer ROI in a short amount of time, if you just go with the flow and invest when they say it's good, then you've been trapped without you knowing. do your own search.

Before following your friend's advice, you should ask your friend firmly what is the reason he suggests investing in the project.
and
after that you have to investigate the project and development team in detail from A to Z, because usually a new project will give good results at the beginning and then sink.

I heard that coin but I didn't dig deeper. Our market is performing bad so I won't waste time on another altcoin for now. Many projects have their own analysts and people needs to be more vigilant as those analysts will be one-sided and were paid to promote. Not even successful analysts are to be trusted right away. They were not correct most of the time, but they always have sweet excuses on why certain investments fell down. I learned enough of this thru the years.

  

for me, i never invest on any project that my friend told me before i do my own research that he suggest to me
like what is the purpose of the coins and if that coins already listed on the exchange so i will check the price

and if you take an example for LCC you will see that this coin already listed from March 2018 and until now their price already down almost 100% from 0.25$ to 0.006$ for yesterday prices

Majority of the coins that are released now with similar name convention to the top 50 coins are just a fork.
They are not at all worth to invest.
They will see their bull run when they create hype and word gets around and then fall sharply with no recovery in sight.
In time, that coin is left with no development and bad exchanges.

So, take your time, research into the project, compare it with the top coins and see if it brings anything new for the crypto community.

The majority of people participating in the cryptocurrency market are for profit, so they are easily lured by fraudsters into bad projects.
I personally never invest in a project but rely on the advice of anyone. Before investing in a project, I always make my own reports, check out their development team, products, roadmap, white paper and social networking sites. etc are essential in order to make an informed decision.

One question, is your friend nee to crypto? When you're looking for opinions then you will take other people's suggestions. That's what newbies do, basing it on other people because they're still adjusting with the crypto environment. However, sometimes it leads them to lose money because they listen to others. If ever you'll listen to someone, make sure that, that someone is a trusted one.
I also think it's normal to listen to other's opinion. When we invest on something, we look for the reviews and thoughts of other before deciding. That's just the same. Investing because someone said it is good.

What was stated in the original post

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I wonder what made you say this litecoin cash isn't that bad?

There is really no good reason for that. This is what ignorant and lazy "investors" do that's why they get rekt. This is also how some of these telegram, youtube, or twitter crypto experts make money from their followers and subscribers.

Laziness is one of the reasons why some people still believe what others says, they don't want to make their own reasearch because they knew it will take some time that is why they prefer to listen to other people's advise on which coin to buy. Maybe they are being greedy too because once they see that there is an offer of huge returns then they instantly invest on the coin without doing proper investigation.

The fact that information about the project has reached you and investments in it will bring profit.  No need to rush, the adoption of such a decision should be well balanced.  You need to analyze as much as possible, study the technical document, learn about the development team.  Is there a promising and relevant project idea.  And although everything looks like a successful project, you should consider that it takes time and a huge amount of work for developers to develop and complete a finished product.  This means that if you invest, you need to believe in the project and wait for a successful launch.  Those who want to get rich quick on speculation run the risk of losing their investment.

The fact is that many people invest because of the speculations carried out by the analysis as well as those considered senior.
Then there was a hype where many people believed it and finally anyone would make an argument to justify what they had heard without them finding out for themselves what the project they were going to invest in.
That's what makes the current conditions chaotic.

laziness and also curiosity become a big problem in a person, if only he ventured to try then he would get used to doing it repeatedly. but come back again whether he is able or not, so prepare mentally to start investing with the aim that you can be independent in doing so

Because you are not educated enough to decide for yourself. The investment based on recommendations has its problems because you do not fully understand in what you are investing and when it starts crashing you start to panic because you don't understand the project in what you invested.

I good to have friends at the same side, always.
but I don't trust anyone 100%, and always do some research before decide. don't be silly. ponzi is a great lesson

Simple, because the see those analysts as gods and the funny thing is, they always end up disappointed. Another funny thing is, most of these analysts does even invest on this coins, they only take their promotional fees and go their way. It is not a crime hearing what one says about a coin but it is wrong investing without making your own research to ascertain if everything he said is true and if the coin is worth it. If possible stop listening to them, they have caused more harm than good already.

I always do my own research on a project, though I might skim over other peoples' reviews of a project to get a quick overview of what it's really about and some of the basics, though I find that most reviews tend to be very shallow and don't do much besides state a few major points. Everyone's trying to shill their own thing, and it's been this way since forever, so make sure you're getting the real information and not what someone wants you to think. You have plenty of time to make a decision of whether or not to invest in a token or coin, so don't rush it.

i'm not surprise. some of those who are new to crypto are just not into reading  what they could find for themselves. but its a good start for your friend to trust cryptocurrency though, i have not heard of litecoin cash but sounds like a fork already of LTC.

if he invested to this litecoin cash, he will soon discover that there are more of coins out there than it. more valuable than litecoin cash.

This is the main problem, because people themselves do not want to think, but listen to someone from the outside, but we need to learn how to analyze projects ourselves, since it’s not the fact that those who advise projects do not do this as an advertisement, I watched for a long time activity of the ICO drops community and thought that people there earn a lot of money, maybe someone made a lot of money and left it with them, and many continued to invest further and lost everything a little, I read the article of one person who invested in all the top projects that I recommend the ICO drops community, and in the end it only turned out x2, because in some projects it was x10, and somewhere there wasn’t even listing and tokens remained like candy wrappers, and this, taking into account the fact that this person had experience in investing, only stock market. Therefore, you need to think only with your own head!

One should not invest in a project just because somebody say to you. People should make proper research prior to investing in any projects. This is applicable for stock market or any financial markets as well.

Some follow the advice of acquaintances and friends because trust their knowledge and experience. They themselves do not even try to analyze and spend time studying information. Sometimes people come together in the groups with a common capital and assets and come to a common decision on investments to the projects and altcoins.

He actually did right. He trusted that person that makes him convince and encourage to invest LCC cause if he's not seeing it right, I don't think he would take the risk and decline. For some time we have to trust someone but of course, we need to dig deeper also if that person is trying to tell something trustworthy or not. It is in our hands to make the final judgment and so our decision. If that person says good, then why not listen to him.

This single act of listening to whatever people say whether on the internet or otherwise has dealth with many people.  During the ICO boom many projects were said to be good etc but ended up being the reverse. Let's learn to be careful of what is being sold to us as information about a project and endeavour to make our own research, it will save us from many headaches.
Educate your friends and families who have interest in the crypto space to be careful and learn to invest the right way.

You don't. Who is this "expert" why are they an expert? What is there history for investments? Where they right before? Could they be right now? I think in general you must not invest because of what people say but if they have good things to say that make sense and you have checked it out and agree then maybe you should invest. Don't invest in you have a bad feeling. You should only invest when you are confident in the investment.

Investing in a project because someone told you because it's good is your decision. So, if that's what happened to your friend as he can't answer you directly maybe that's what happened exactly to him. I wouldn't invest without further research, I can't blame my losses to others so that's why before investing, make it sure that you know what you really are up to. Because if you're starting to see that the coin you have bought decreases from time to time it's because of your negligence.

If the person has a good portfolio in analyzing the project, can be successful with cryptocurrency with a visible form, then there is no problem if you make predictions and speculations for consideration. But remember, do not make it as a guarantee, there are still many risks because cryptocurrency is very dynamic, many things that can be thought to happen at any time. DWYOR.
I often ask for opinions on one of my trusted trader friends with his sharp analysis, he helps me quite a lot, so I often ask for his opinion before entering the market.

There is nothing bad in benefiting from the others thoughts. Lets say that someone explains you should get BTC and why. First you investigate it, and if it is appropriate to invest, then try. But be careful, jumping every thoughts you see disgusts you from the crypto sphere. That is why you should study your lessons well. Otherwise, you will believe everything you see.

You mean are there "analyst" who analysis project or coins in this forum? Yeah there are tons of them. Most of them think they are some professional analyst, but all they do is some bullshit analysis with random guesses. Again, there are "analyst" that shill for those fake project and shit coins. There are "analyst" that are biased towards coin they have invested on.
You shouldn't invest on coins or projects just because someone said so. Don't trust them blindly. Do your own analysis.

Yes this happened to me the first time I entered the world of crypto. I invested in hype too, which ultimately tricked me, even though at first I was paid, so at that time I did not have enough knowledge about investing in crypto, I just heard from friends on social media without analyzing it first.

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.

Yes, I made those mistakes, too. I bought some coins because other people recommended them. But then, when I started to figure it out, I realized how wrong I was. Because the profit I don't have any.

Although Charlie Lee does not admit it, but LCC is a split form of LTC hardfork in February from groups outside of official Litecoin.

the same as Bitcoin candy, which is not exactly the same as BCH. LCC is still actively developing until now, it can be seen in CMC

Investments that only come from good assumptions are not enough. But if your friend explains in detail about possible details and risks, then you can see he is someone who is competent or not, and the impact is educating you to be smarter as a personal analyst and not to plunge you.

One good recommendation for project is not enough. You must do your own due diligence before investing in any project. The safest way for me are investing in top 10 projects which is still cheap and bellow one dollars like TRX, ADA. before they reach their ATH, just lock and load your bag from now.

If this *someone* is a professional in investing, crypto, trading, economics fields it's a good idea to follow his advice and invest on the currency he is talking about. The problem in crypto universe is that there are many people claiming they are experts, but in fact they are just guessers, speculators.
Then they advice people to invest in many weak crypto currencies or scam schemes. Be careful on who you trust and look for informations of a same currency, project, investment from different people.

because what someone said and moreover he is more senior than us, surely we will indirectly believe in what he said. but that doesn't guarantee something will be successful at the end, because it's useless if the project is so good but the team doesn't manage well, then the project will also end up dead.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

indeed, if more and more campaign participants participate, it can be an indication that the project is good and worth investing, let alone supported by a good bounty manager and an experienced team. it can be another analysis beyond the analysis of the project itself

Even if those are Jeff bezos or Bill gates I wouldn't trust them I mean why should I? It's always better to trust on yourself in this case because it's your own money and not theirs. Even Jeff Bezos or Bill Gates could have their own motive. Maybe, the hype will build up because people always believe whatever the billionaires saying in term of financial and economy is the truth and therefore makes the coin gaining popularity or even instant profit but it's just temporary. There's just too many factors need to be considered and while these testimony from the billionaires could make the spotlight they are not the deciding factors.

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.

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.

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!.

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

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

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

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.

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

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.

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

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.

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.

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.

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.

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

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.

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

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

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

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.

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.

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.

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.

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.

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.

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.

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.

For a starter like newbies its not bad to learn from others, its part of finding your way in crypto world but you have to be smart and make sure that what anyone tells you is real, what makes a project so good is their usefulness, you can find answers yourself

Novice traders will indeed find a lot of temptations and many people who try to plunge you into the wrong and incorrect way, from beginners like you should be able to produce a lot of experience because you can find the best way to trade and invest in a good and right.

Not bad to learn from others but a newbie should also research about the project not relying from others. It is best for anyone to make an assessment if the project could gives a profit. Not just by a statement from others because sometimes it gives a false hope so we should not easily trust someone when it comes to investing your money.

Yes, I completely agree why invest in the project when someone said that the project is very good. Personally, I think in order to start participating in the project, you first need to figure it out yourself and not be lazy. And then the picture of this project will be clear. It is worth investing in this project or not. So now draw your conclusions; you do not need to invest in those projects that will not bring profit. You need to properly analyze the market and calculate all the ways to increase profits.

yes that I have experienced when I was a beginner, there were some people who recommended an investment, then I joined and got a scammer.
as much as possible you get direction from your friends who know enough about crypto, because other than that, they have bad intentions because this is a matter of money, where everyone will be greedy.

When we do invest just because someone said it is not a good decision and we must not blame those who said it to us because its our decision to make it realize if it's really worth investing. As newbie before I only listened to others but now I learned my lesson and so far Im proud I took time to study those projects.

If someone says a project is good, be it an influencer, it's no guarantee that you will make profit when you invest in it. Most times influencers are paid to shill or do a positive review about a project. It's left for investors to do their own due diligence properly, the info gotten from others should just be a clue about the project and not an investment advise.

It is true what you say that for now there are many scam projects and it is not easy to believe what your friends say, because sometimes your friend just wants to see how the project will proceed and makes us a reference for him to judge how the project is, and when he finds that the project is good and continues to grow then he will start to join but when the project looks a little stunted or has problems then he is looking for other projects and you can't blame your friends.

We can't blame them, the analyst may have been very persuasive when he invites your friend and his a newbie I suppose, considering that he is new and is not exposed to cryptocurrency world then he will definitely go with the hype and invest in that coin. Newbies tend to get easily amazed with everything good presented to them so they will go ahead and grab the opportunity.

That's the worst thing, people blindly buy hyped cryptocurrencies and invest in worthless projects. Especially now, when there are so many shitcoins everywhere. Always follow your experience and do your own research and analyze the market.

I think you better make sure that everything will be okay if you invest your money in projects that your friend offers you because not everything in cryptocurrency will be good from the start that there are times it will only be good from the start, but in the end everything will not be fine that it will not profitable anymore and you will end up having huge losses. That is why you should make good decisions before you invest your money.

There are so many like your friends here, they rely upon the advice of these so-called experts, they don't want to blame themselves if anything goes wrong, but at the current condition of the market, advice coming from the experts is not a guaranty anymore, we have seen how these experts from ICO rating failed us so many time, people should do their own research and compare their findings from the experts.

When your friend invests in a project, you do not have to follow him, even, if this investment is just someone's proposal. Gain or loss affects only your pocket, not someone who gives you any advice. If so, why not trade smartly?

We cannot deny the fact that we easily trust words. We grew up being told stuff we easily grasp and do. However, the case of your friend is that it ends with such mean. He trust right away. He seems lack of knowledge about fraud project. He might be thought that such man are full of facts. Though it ain't bad to trust other people, the thing is we must do a research after what been told to us, and later to decide which in your friend's situation, he didn't.

It is not bad to get advices from a friend especially when you trust him. But still, it is your call and decision because it you money anyway. Some analysts will serve as our guide but we need to make some research and as you said, some digging on what coins or tokens to invest.

Anybody can tell the project is good but you will have to double check before you start any project. If that is scam you will loose all your money. One should have good knowledge and especially newbie should be more careful.

This is true, when someone says that the project is good, then we have to double check to find out whether it is really good or not. we may listen to some references, but we still must be able to have a strong reason to listen to these references, the way to do research again.

I think we should listen more to the opinions of acquaintances and people, especially experts. They have a lot of experience and know what is going on right now.

This is utter nonsense, it seems to me that I have not seen worse ideas. Imagine that you relied on the opinion of someone you didn’t know from the Internet, who was supposedly popular because of his many likes and you lost your investment because the project turned out to be a scam. What are you going to do? You can only blame yourself because you purchased coins of an unknown project for you and did not even study it at a minimum level. So never listen to others, listen only to yourself and your heart.

My personal opinion is that people should not rely on everyone's good words about certain coins. so we should not believe much in projects that are praised by people.

for a well known and legit experts yes its not bad to believe on them because experts have gained lots of experience before they become succesful but we shall not take imediate advices from those so called expert wannabees  and normal type of people because they dont have a good background on investing yet  . believing on your self is the best advice that you can make before other's    . i usually dont follow what others opinion because i know how to make my own research

People who have a lot of experience of investing are not emotional when explaining something, they will not even talk about it at all if it is not asked, unless it has to do with referrals or binding benefits, you are also required to do a review of what has been explained. Many new investors will be blindly interested, it is natural because their next experience will be truly more subjective and do not want to return to the same hole.

I also have some friends who like you talk about, they don't talk much about investments made unless I ask them. some professional investors have such properties, they prefer to keep research and also investments made in private, maybe there are some people closest who can find out

There are lots of good cryptocurrencies that we don't know about or haven't heard of. The experience that friends and people around are very good. We should not miss

It's easy to see the allure of cryptocurrency investments. Fortunes have been made from these digital assets, and many people became wealthy by investing only meager sums. If you are going to invest, you need to research and make individual choices to suit your investment.

Well i think this is what most people do, many people can't make a decision when it comes to crypto and investment so they mostly rely on the opinion of others to make up their mind, i can't really say i blame them though, becaus some people may have a better understanding why a particular project will do better than what you originally thought, but there is nothing wrong in making a research base on the recommendation of others to make the better decision.

He doesn't have a mind of his own and people like that are easily gotten into doing their bidding. One of the things to learn in this space is that act of doing your personal research on any project before investing, no matter who is promoting the project. Most of these experts don't care, they are only after their own pockets, so let's be careful least we fall into scam or useless projects.

Some of them just doesn't have time to learn all the projects and specially the new ones projects. A lot of people join to invest BTT when it created noise in the social media sites while its true that its a good investment, some of them just follow what was being shilled to them so when they were asked why they invest to the project all they say its good base on the ICO rating sites.

This group of people really need care and attention to be better, because it could be that they don't know there left from right and just like you said, he didn't gave you any straight answer as to why he invested. They need to learn on how to be good with research of any project therefore having the knowledge to look past the lies of the so called experts. Since he is your friend, teach me let him be careful else he makes more mistakes.

Hello everyone. I would say that you mustn’t invest when someone just says solution is good. Evaluation is one of the most important processes and it requires complex analysis on every particular solution

Absolutely correct. Usually when you just follow as a result of recommendation, you regret afterwards. Some point I personally analyze, while getting recommendation from someone - practical value, roadmap, milestones met, team and its experience and so on

So do I. Well, probably necessary to add benefits for users and prospects / growth plans. And are there many advanced platforms you are following right now? Of course, interested to hear the most advanced you are aware of

Most advanced? Hmm, must be Housinet. What I am impressed here - use cases and technology side. In few words, guys are bringing the platform, where you can manage your properties on high level. How? You can work with metrics to analyze downtimes, plan rentals, of course, rent houses and much more. Besides, rather professional tools for landlords and more. Of course, better to check out more on their website and conduct own analysis

Hmm, so far for sure sounds attractive and quite innovative. Will definitely examine the website and get back with own thoughts afterwards. Thank you

You should not rely on other people in terms of investing into a project. If you are investing then you should do a quick research about the project so you can check if the team are right and capable in doing the project and also think about their goal and road map if it makes sense. Money is always connected to investing so you should not allow other people to waste your money just because they said that it is a good project.

There are some people who can be easily get interest in many projects and could lead with some consequences in the end of the bargain. Ignorance of what the project is all really about will do no good or true benefit for the investor. It will never be enough reason to invest on a project just because someone you trust or someone with high "ranking" in this industry told you so.

Your easily to get fool by an "analyst" that im sure is fake. Next time you should help your friend to pick a project for him. At least he has a experience that he will never forget. Fraud project is getting smarter we should careful.

I talked with my friend about this. We came to the conclusion that it is much easier for people who are not confident in their abilities to believe someone than to conduct their own research on projects for investment.

Well, most of the projects are succeeding due to the hype or popularity the majority is giving into certain projects. So if other people would say that a project is a good one, and others do also support such claim, then it makes sense to invest on it. But I do agree with the idea on not to invest ALWAYS on a project just because someone told you so. Always make your own research still about the project and decide for your own.

This is a serious case that have led many into bankrupt. Best is to do your own research even if someone tells you it's a good project to invest.  Yes, there are people that analyses and gets it right but it's still better to check than 100% following people's speach.

Yeah bro but not every IEO are success. Some project like XCT was success in IEO but  when the time for trading come, this token drop to more than 100%.

You live on a shitty street.  You might consider moving instead of contemplating an investment in LCC.

Not even close.  If there was a viable way to bet *against* an ieo or ico I'd love to see it and you can bet I'd be taking advantage of it.  More fail than succeed, and it's all on the backs of suckers like op. 

Reading the rest of the posts in this thread, it looks like it's all about trying to pump this piece of crud.  Well I'm here to tell you that if you buy into lcc or any coin, ico, ieo, or token like it you're just one of the suckers and you're going to lose money.  Don't do it.

this is a mistake that you do when you are a beginner ..  =]
i also did that

well it can cause 2 things
1) they just leave crypto after losing money
2) learn from their mistake and start making their own research

Yes, it is really better to trust your instincts and not follow whatever someone is telling you. Because at the end of the day, it is your money that will be lost and not theirs. So you have the responsibility to take care of your money at all cost. Many are self proclaimed experts and they don't care if you lose or win. So better look after yourself because no one else will.

There are many people curious about crypto out there.
The majority are attracted by the idea they have about crypto that one can make a lot of money with it quickly.
I always advise not to believe mine or everybody else's words about any coin and to make their own research, as usually who speaks about a coin is one who has invested into it, so his opinion is kind of biased.

Even the most powerful people can be wrong. In addition, media personalities are often corrupt and if they say to invest in a project, it may not be their own opinion.

Research is the most important part. If you trust a friend it should be someone that already has been trading with good results in the past few years. But still do your research and never invest amounts that you cannot afford to lose.

For now, an analysis of someone who is an expert in his field cannot guarantee that he will be sure to be good, but of course we can trust our friends who are more able to provide information.
I agree with the colleague above that the current situation for investments is very retained against fraud even though tokens are already listed on the exchange, it does not guarantee to be valuable because of the fraud.
it is better to use a friend or own mechanism with a more careful analysis by taking a benchmark in cmc.

It may not or maybe their opinion. Basically the corrupt ones are those who have huge plans in manipulation. Who knows if they are manipulating the market as well? If that is the case, it is easy for them to create topics concerning investment which considerably lie, that is because they are already practiced to do it in their life for a living. I'd rather continue doing research on my own concerning investment on projects that to believe huge marketing of well known unreliable personalities in the crypto space.

doing its own research is the point of investment. even when it's your best friend, I strongly agree not to rely on it, because when you just follow what he says, and the results don't match what you want, it just makes your relationship unstable.
give priority to having your own opinion of a project so that when something happens, you are ready with it because it is your own choice and not the choice of others.

Never invest in an asset without doing your own independent research into its fundamentals before you choose to trade or accumulate it because there are plenty of people wanting to liquidate their assets and you don't want to become a bag holder if you can afford not to so be smart and develop a balanced portfolio for the best results

If what you should is true, he's stupid. I suggest that you stay away from him crypto related because he lets others decide his path and don't think everything through. Most newbies are like this. Analyst tries to tell others what they think and those sheeps follows because they are "experts". Jeez this a volatile market where everything could happen. No analyst can tell the future.


You don't. You research everything that you could and make a rational decision base on the outcome of your research. Take the opinion of others then add your research which then you make a conclusion. From then on, you could decide whether you would invest in a particular project or not.

Its like not knowing what you are doing, for everyone who are always curious will always find answers, if you are curious about what makes a project a good choice for others then find the answers

This is one of the psychologies often seen in new people. they suffer from a mentality that people often refer to as FOMO (fear of missing out). meaning they don't want to miss a good chance so they always follow in the footsteps of others despite not knowing what is ahead. Everyone has gone through this stage, but only after losing money can they realize many things.

I am also one of those who don’t trust anyone but I try to just ask their opinion and ask them to share their experience after that I open Google and YouTube to find the best project for investing my money. I know there are so many projects that people believed are good but for us, they are not suitable that's why just make research and invest in a project you are comfortable with it.

Because there is no knowledge and ambition to enjoy quick profits when investing.
For people like that still exist today and hopefully the people in this forum are not included in it.
Investing in crypto must count, unlike gambling, which only hopes for luck.

Stepping into a territory that is completely unknown can turn out to be a big mistake. Knowledge plays most significant role in attaining a successful life. Though crypto coins hold the ability to make its holders rich but tackling with all the changes is difficult without understanding the market first. Investments are never about luck. These include plans, research, patience and endless efforts to achieve goal.

Just because we rely on analysts does not mean that we should invest in these coins. It is best that we study it and find out what the potential is to increase the price of these coins. We must study the coins so that we can be sure of what analysts say because others are wrongly analyzed which will give us more losses.

I think this often happens for beginners who are just new to cryptocurrency or can be said to have just joined the cryptocurrency where they do not really understand what cryptocurrency is and how it can generate profits from cryptocurrency. So most of them will choose to ask others for advice rather than, read and understand more about cryptocurrency before starting to trade, invest or mining.

The old users are also promoting the coins they have invested, this is about making money so all should be expecting that the we can hear unusual suggestion of coins to invest. But you can be assured that most of the traders will shill the tops coins in the market for they will not be on top unless these coins don't have the potential to dominate at least a certain percentage.