Bitcoin Forum

I think many people have heard about the new PRIZM called QOOBER.

I very quickly managed to go through all the stages up to acceptance and I really wanna try to go into this coin. Logic says to buy immediately, but the fear of buying at the very top price is probably familiar in practice to absolutely everyone.

I tried a basic technical analysis and it doesn't work at all) The RSI has been hanging on the top since the listing. Volumes decreased slightly relative to the starting ones, but this is more likely due to the fact that there was a tough fight between bulls and bears at the start. I don't think it's possible to argue for divergence based on the current chart. Pullbacks do not become substantial, and the trend does not fade.

People are shouting about how they made X2-X3 on this coin in 5 days. Users text in exchange's chat about the price of 3-5 bucks during the week. But the existing trend is not strong enough for this. You can't do it without a pump. But what made them think it would be?

I'm more inclined to believe that as soon as I buy it, it will start to fall in price...(

Question are :
1. Do you want buy QOOB for investment (Long term, above 1 year)? or
2. Do you want to trade QOOB like daily trade?

If you want to keep qoob as investment, then you want to sell your qoob in future. Will be different if you trade qoob, then you will use lower TF (1H, 4H, etc).

When i check qoob project through their ANN (https://bitcointalk.org/index.php?topic=5263061.msg54822825#msg54822825), i will define this project as usual project. Nothing unique offered in this project. There's many similar project that have same mission with qoob. If you want to invest in qoob, i will suggest you to wait for next 3 month. usually there will be a "price cycle" applies especially to new projects. In first 3 months, coin price is usually high. However, after 3 months, price usually have correction. But if you want to follow fomo, ofc all those indicators will not working, coz price is in formed. Indicator will work well minimum 14 days after first launch. For new coin, i will suggest to use donchian channel or ichimoku indi's (These indicator will formed minimum 8 hours after first launch. And use Tf 1H and TF 4H is recommended).

But if you depend on RSI, you can use the greatest indicators, which are "Support and Resistance Line"

Yeah. And I'm one of those people that never heard anything about it.
The logic of buying during the peak is still being done by many. You have an idea of what you do and it's going to be your fair decision if you like to buy or not.
This mentality happens most of the time. There's sort of idea that's building up on our minds that everytime we buy, price falls and even me experienced this.

I've heard of PRIZM, it's a really good decentralized coin, the technology is really good but not many people want it.
QOOB is a new project but the technology is nothing special as there are dozens of similar cryptocurrencies.
The current price is 1.6 $ and the volume is low. Careful research is required before investing in crypto like this.

You cant base your investment decisions on what people say online cause nothing guarantee that the person truly make the x2-x3 profit and the last time i checked 88% of all crypto payment gateway project dont thrive in future years.

It normal to be curious about new coins especially when the market is full of hype but I need you to ask yourself something why did I want to invest in this project? Is it because of the good things are I heard about it? Is it out of the research I did to understand the true potential and the possibility of the project to survive when the market is not in bullish stage

It has old technology, and little is known about it. Look at the trading volume on Btc Alpha, just $ 7,000 per day. Do you think it will increase forever?
No, I wouldn't consider this a good investment project because the current price is too high at $ 1.6 and the supply is up to 5 billion coins.

Thank you so much! I will try to follow your advice. You seem to know what you're talking about. But I'm not sure about waiting for 3 months..

P2p games were recently launched on their blockchain. Isn't that good? :) It's good.

You are saying that the investment should be based on a detailed analysis of the coin, I understand. But does it always work? I think hype has a much greater impact on coins in our time.

This is a potential emission. Now, if I understand correctly, there are much, much less coins.
Their website shows the current issue – just over 10 million coins.

Analysis don't always work but at least it will save investors from making a lame decision base of people claim online which could be false. Besides, it will give you the chance of choosing a good coin that will thrive in the future and that's if you have adequate knowledge in coin analysis.
Have you heard the news about the coin TI advertised which was now tagged as scam project?