Bitcoin Forum

It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things.

1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.

2. We have to stop thinking about hypes - maybe some but not all of the new projects

3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.

4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.

This is actually what I think before, I buy coins that are very cheap 0.000000XXXETH, not only for new projects but also for old ones.

Yes, in my mind, I'm thinking I could be rich once the market is bullish but for many pumps and ATH had come, I do not even see them growing. I was wrong, absolutely. Now, I realized that this strategy not really works, we'd better buy those coins that have the potential even the price is quite expensive as this means there is a demand.

The best thing is the #4. With research, you're unlikely to fall with scams and worthless projects to invest with your money. The sad truth is that many people fall for these bad projects because they never do any research and just rode with the hype that those projects have made.
That's the other thing if they're going to research, they won't be a victim of hypes anymore because it's always the last one that's going to become a victim of those hypes and are likely the ones to lose a lot.

This is what many newbie investors like, they do not yet have experience that making prices go up hundreds or thousands of percent is not easy, even don't believe when a project promises will be listed on major exchange unless they actually have a good project to develop and funds to pay listing fee.

Too lazy to find information so this is often ignored

This is the most important thing all advice in investing in Cryptocurrency are all about doing research but before you can do good research you must first educate yourself on how to do proper research, research including what others are saying about the project so it's recommended to join the telegram group so you can ask and check other people's opinions, it also includes the hype they are creating on the coin, not all hype are bad there are good projects that needs hype and getting a hype, the usability and what it can bring to the community are what really matters.

We buy coins not only because the price is low? But buying at a lower price is the way unless you are talking about project use cases and utilities, I want BTC and ETH but not at 40k and 2700$, if BTC go down to 20+ region and ETH down to 800$ then my accumulation will begin, never say never because a bear market is inevitable.

I think this is the most important part, there are many project out there to be scam but with properly researched or consulting the Elite over here will also give good chances of eliminating and staying away from such projects. Currently i took some major steps over here that is to say " Before I venture into any project I create or make a post about such project to know and to see the positive feedback about that project" as i know there people who are good in digging out scam or good projects so if much negatives then i stay away from the project.

Tbh, I am one of the person who always love to buy in bulk when the prices are dropping or the coin price is already heck very less. On a contrary its actually true because it takes only few decimal shifts in the prices and you can end up earning big profits on the same. I am the guy who made at least 500 bucks easily on the projects like SHIB INU, FLOKI, DOGE etc which we call as shit coins or memes in general. However, in the process we forget that they are also coins, they have tiny prices, you can buy unlimited of them and most importantly they are being invested by billionaire around the globe. Now tell me whats the reason I should not go for bulk buying and selling when Im already making the profits. Yes off course some projects may really turn out to be shit one but you have to take the chances anyways.

You must buy coins either to speculate (if you are a trader) or for future value, and 99% of cryptocurrencies fail to maintain a future upward value.


Even good projects do not continue to grow for long, because it is mostly in response to conditions. For example, the reason for the rise of Polygon is the increase in the fees of Ethereum network. As soon as the fees decrease, BSC and Matic will not be that useful.

Any project that promotes itself in terms of quick profit is scam, whether it has been proven to be scam or not.


Searching alone is not enough, but you know how to search, many scam projects buy ads, reviews and good articles, so do not be deceived by the first page  on Google.

The fourth point is the point that I often do if I want to invest, before that I always do further research.
Usually my friends provide good coin info to invest but not to jump right in but we have to do research before putting in funds, sometimes some promotions actually lead us into fast hype so they get a profit first before we make a profit they will leave us with the losses we make invest.

Maybe we should also consider the use or utility of the project? Usually people look at the project depends on how much it will pump but we forgot that we should also consider looking at the quality of the project such as its use and would the project still operated or be on demand after 5 years? Of course I was talking about long term investment and looking for a new projects that has potential I was looking at those project for long term investment.

Some people only look for new projects so they would sell it after listed on exchange site where it pumps and dumps immediately after listing.

All cryptocurrencies are trying to market themselves because their price is now low and will rise in the future.

Therefore, many marketing tricks can be encountered, such as:

• Large numbers of coins distributed: you will get a million coins if you log in, getting a large number of coins does not mean that you will earn more.
  
• Coin burning: Coin burning can increase its value, but it means that the developer team has the ability to control the price.
  
• Offers on unknown platforms: Most of the scam coins make distributions on unknown platforms.
• Pump and dump coins

All the tips you mentioned revolve in one way or another to the points mentioned above.

Before investing, you need to decide what trend is now, bears or bulls. In a bear market, the price of little-known altcoins quickly falls in relation to the TOP 50 projects of coinmarketcap, and there are high chances of losing money. No need to invest in game projects, no need to invest in metaverse projects, because there is a lot of scam there. The maximum amount of investment in such projects is not more than 5% of the entire portfolio, or 10% maximum for an experienced investor.

the only way to avoid losses is not to invest. when you invest in a new project, it means that you are ready to lose because almost 100% of the new projects released are not profitable. so the method you mentioned is even less effective

1. We buy coins not only because the price is low - So which coin to buy? high priced coins? After all, who decides whether a coin is cheap or expensive at that time is even just presale.
2. We have to stop thinking about hypes - buying new project coins/tokens that have no hype is tantamount to leaving you loss.
3. Stop falling to scam projects - no one wants to invest in a scam project. but today's lyrical scam projects always look like good quality projects and always confuse everyone. it's hard to confirm that a project is a scam before they actually do it.
4. Doing Research - even beginners done this. but in the end, they loss.

so the most appropriate choice is not to invest.

That is one of the most important things when I look at a project. If it doesn't have any utility at all then it would be unlikely for me to invest into something like that. If it has utility but I believe that the utility is not a good one then I would probably stay away from that as well.

I put a decent amount only to projects that have a utility that people could actually care about, at the end of the day we are talking about putting your money where people would use, instead of people would ignore. All these coins that promises things do not really matter to me neither, all those future utility roadmap stuff makes no sense. Either provide me something now, or I won't invest.

Some basic tips, but I appreciate the fact that OP made one nonetheless.

Regarding point number 3, it takes a lot of effort to actually detect a project to be scam, because a scammer is always trying to hide their tracks and therefore, difficult to avoid if one is actively investing in new projects.

Giving every new project a red flag is a trigger-happy situation, but considering the fact that 99% of altcoins have either gone bankrupt or abandoned or vanished into thin air, this approach is also effective. ;D

Therefore, the best way to invest in crypto and still remain in net profit is to buy bitcoin, whatever someone else might say. But I am sure most newbies coming to this forum dont listen to such old skool advice. ::)

many beginner traders thinking lower price was the key to generate profit from market, but unfortunately we didnt observe and analisys what actually happen due this drop. external and internal factor must observe to decided will we buy it or not.


it caused all above mistake in our trade. research will help us to identify what actually happen so we won't trapped in fomo or hype.

I used to do that and I ended up losing a lot, not all that is low are worth buying, it's still on how good the project is


Don't rely on hype, hype is good if the project is good, it's still on how good the project is


Developers are good at making their project look, it still depends on how good you are at looking in a project.


Nobody really will, we have come to the point that we must not go for hit and miss your profit depends on how serious you are in looking for a project.

I think this point takes a lot of victims whether it's new players or old players in crypto. The high return offered in a project is often a trap, for a matter of 1 to 3 days the high return they conceptualize runs smoothly, but for the next day only scam we get. My bitter experience was because I was interested in a high return scam project, namely the Moon Here Token (MORE). Luckily I only used a small portion of my BNB to buy the token and stake it there.




Many people do not do this, lazy to do because it is complicated to find information. Though the most important thing is research before we enter.

This is probably the most important part of any investment.
although of all the answers, I did not see any specific ones which would give clear guidelines on how to do good research. instead of all signature discussions, perhaps someone could write clearly defined parameters that are important in research.
So, my question is, which exactly indicates that a project is good for investment or bad? in doing so I consider metrics like a fake team, young website, etc... are not enough.

Few tips from me too  ::)

1. Check project's Whitepaper - do your research!
2. Check the Team/Roadmap/Tokenomics - check how things are described and if there is enough information, detailed roadmaps give the feeling of a brighter overview of the project's future.
3. A good time investment on the website/docs by the developer's side is always a good point to consider. Meaning that they're investing time and efforts in it.
4. Check their competitors and what advantages they have over them
5. Try to consider what future the project will have and their room for improvement

I often see people trapped here. Although usually scam projects attract people who are new to the market with high bonuses and low prices,
but some experienced people are also trapped here.
I'm sure it's because some people are in a hurry to get rich quick to invest here, even those with experience
will be caught in this trap usually because they've had a lot of losses in the past.
This triggers them to not be able to do project analysis properly, even though controlling emotions here is very important.

The 3rd rule that you quote is the summary of all of this tips but the problem is how do you know it if scam project didn’t promise a too good to be true rewards and act as if they are legit? Most the scammers is upgrading there game on hiding there scam scheme intention, They are not easy to spot right now because they are already investing on marketing and listing before they do a rug pull compared before that they blatantly offer too good to be true reward for investors which is very easy to spot.

Thank you Yamifoud.
It is a nostalgia of ICO. The creation of different coins/projects left and right with some of them doesn't really have a purpose or just repeat of a project that had already been done before.
1. Price is low, appealing to the eyes because you can have millions of their coins. ex. Shiba. I was once caught by that sickness.
2. Twitter. Oh! They love making hypes there for it's easy to retweet with just a bunch of fake accounts.
3. Scammers. This will be hard to see, they are getting better.
4. Do the research to avoid number 3. 

"Doing Research"-  It is easier said than done, we often emphasis on the DYOR thing when trying to invest but the truth is.... it is not that easy, you may think you have follow the steps and done all that is required to make a good research on a new project to invest on, sometimes the project will still pull a fast one. My suggestion here is to stick to project from reputable exchange (the probability of those project turning scam is less since the exchange already done the hard part of researching about the project and team)

"We buy coins not only because the price is low"- of course not all low coins are good to buy, we all know most alts are still in their infancy, they don't have product to back the tokens, it is better to buy those alts with product backing when the price is low.

"We have to stop thinking about hypes"- a little bit of hype won't hurt a project, just enough to get investors attention, a project with no hype will always remain under the radar and will not receive the desired attention and reach the right people.

"Stop falling to scam projects" - scammers are getting advance with their effort to scam investors, so it takes a lot of effort to be able to detect this scam projects, so i would suggest investors to ask questions before doing anything, ask questions from people who understand more better to avoid falling for scam projects.

We'll i believe staying away from anything that involves : Flokis, doges , elon , inus should be straight canceled out 99% of them are straight rug pulls and the 1% i'm just giving the benefit of a doubt.
I've been looking into $ENGN more deeply lately since the BTC seems to be awakening again and find their blockchain implementing technology really innovative for the whole GameFi niche, and i'm also really tired of eth gambling sites taking all my money due to high gas fees so i'm looking at $LFI as well for their safe gambling protocol which is built on the Polygon network, no more 30$ gas prices for a 50$ deposit...

Yes, I agree nobody wants to fall into a scam project, but there are projects that look good on paper their whitepaper is stand out original and they are backed by people who look real with their credentials, but they created projects to lure investors from losing their money they have a good roadmap completed their roadmap for a period of time until they stopped updating and abandon the project, it's really tough luck finding a good project on their start-up it's better to invest in projects that are already well established.

People are taking advantage of #2 for the short-term. Guess that not everybody is fan of long-term holding that's why they're just joining the hype. Count meme coins for one on that.  I heard from one of my colleagues that they do not care if a random guy in Twitter just shill the crap out of it, as long as they get to profit from it in the end cause that's what matters for them.
For #3, that's a lot to cover actually since people just wanted to buy cheaper coins so that they can bag it for the holding, but they're not fully aware of what's to come.
For #4, do not rely too much into reviews as some of them are paid. There are legit reviews and there are paid reviews.

I have to say the first one doesn't make sense if the others are not correct, or it doesn't even matter if the others are great. If the team is not a fake one, if it is actually known and liked people in the crypto community, then it should be fine.

I have seen so many projects made by unknown people and even when their whitepaper was awesome, they went away and became a scam because at the end of the day we are talking about scammers here and anonymous accounts. However, I have seen so many projects that didn't have great whitepapers at first, but built a great team that we all know and heard about and eventually they all became better.

It's simple buy bitcoin.  Hold bitcoin.  Someday in the future, profit.  Too many people load their portfolio up with complete crap coins trying to chase profit.  It works for very little people.  Most end up with useless bags when bear markets set in.

There is a simple method like you say but most people don't like simple things in life but like to make them complicated. Therefore they will go with shitcoins more than bitcoin while again having a lack of faith in shitcoins.

Just like that, crap gets filled in their bags and they can't sell it properly. Then they are stuck unable to sell and find themselves in a loss position.

Keeping a bitcoin rich portfolio should be aimed by all.

Those are some tips to pay attention to, especially when doing research, and don't rely on hype. sometimes, people don't know how the coin works, and why the price has gone up. they sometimes invest because they follow the hype. well, they also sometimes compare prices with other coins, such as "this coin has as much potential as bitcoin, and the price is still very cheap". people who don't do research will be tempted by it, and most likely invest. I know a lot of people like that.

however, for extras, choose a coin once you know how it works and progresses. In addition, knowing who is working for the project, and who is the partnership of the project can be an added value. also see what CEX checks they work with. sometimes, when a new project works with a popular CEX, it can be a great start.

Most times, people don't want to hold coins that have potentials for long because it tends not to bring quick profit, they go into hype and get burnt afterward, looking back after some period, they realized they have been stupid to have followed hype instead of project solving real problem. See how people were rushing to buy dodgecoin ATH, what were they thinking? quick gain. Imagine holding ETH from $68 till this time.

The first 3 will be prevented if you know how to do the 4th one because if you do research first, you are equipping yourself with knowledge thus lessening the chances of losing money or fall into scams and hypes etc. Knowing which are scams and which are now will help you decide whether you need to invest into new projects or not. On the other hand, you could lose your money investing in hypes but you can still make money if you know when to enter and when to exit and if you're lucky to buy the token at its lowest price then it pumped then suddenly.

You can add this as well because every time I invest into projects, I always see the use of the token and how it will help people in their lives.

This is actually the key and if you are mindful and doing such effort on making some in depth research then i dont really see for someone to have that huge losses into their investment even though risk
is still high but not just the same when you dont do your assignment or making out some research first before testing out the waters. We are talking about investment on here or simply our money
which it would be understandable that we should really be that mindful on what are the possible steps that we should done to be effective or sustainable into this market.

market filled by speculators now that want to earn profits and didnt appriacte project building. but real investors prefer safe their money into long term project which is could give them thousand percents profits, but they didnt patience to get it so prefer to speculate into shitcoin.

they blindly influenced by CT or anyone that have popularity, so fundamental or technical not be important any more for them. they just buy everthing and thinking it will give them profits. hype and fomo will make us trapped in loss so we must becarefull and need to improve our own knowledge so we have better experience to face market.

its the market fact now, alot new investors come to crypto market and they buying shitcoin which is have no utility and project developtment.when they loss, market will blamed and called it as scam.

It is true that some people are influenced by what is happening in the market.
If they see that it is pumping, they are thinking, why not buy before it further increases?
But they need to know at least the reason why the price is moving up.
Because most of the time, if they do buy, they are buying at the peak already.
As usually, it is another a pump and dump scenario, and you are buying their peak level.
Some do want to join this market for the hope that they can easily get profits.

It's not an easy thing to invest our money in a long project because to wait for it we have to be patient,
but in my opinion it is much better than choosing to speculate into shitcoins which risk may be greater,
but after all it all depends on each person's decision

Yeah, specially about the hype thingy, I think this is prevalent in crypto market only, of course, there is hype on certain stocks, but crypto? it's very different. You can find a certain projects being hype everything and then later it will just die down a natural death.

Too good to be true projects are already a red flag, no need to take the risk and invest on them.

DYOR - the old adage but still very effective method specially if you are a beginner in crypto investments. Not everything that shine here is diamond or gold.

Generally speaking, people should stop buying new projects.

The best projects are likely not looking to do a public round that early, while those who actually list publicly are probably not investable in any reasonable way.

You are essentially shooting yourself in the foot if you buy into ICO, IEO, or whatever offering they have these days. Virtually none of them are profitable, and the small proportion which become profitable you could have bought at a later date for cheap anyway.

People just find it too hard to do DYOR and that's why they are now overlooking it these days and went just like "fuck it, sell it if it does not push through". I still do it though, but I never bothered invested in one since I am full-time hodling Bitcoin.
Most crucial part of me in DYOR, is looking out for paid reviews which are common now these days, since people can just get out of it easily anyway.

If it is a long term altcoin project, it will defenitely fail. Being able to get into those which become groundbreaking is like the chance of getting a jackpot on a casino, because most projects are scams or failures anyway.

Bitcoin would not be that, so for long term bitcoin should be preferred. Altcoins are only going to be big in short term and before anyone can sell and cash out, someone would have dumped.

Long term or short term in my opinion matter only for bitcoin, not altcoins if you want to trade in a sane manner. You may get more regular returns from day trading a new altcoin that hits the market, but you have to decide how to want to play it. End of the day, trading is not everything in life.

Actually the DYOR protocol is not just made for us to follow but also it is a common rule that we need to practice in ourselves especially to newbies when it comes to investing in new projects, sad to say but this one was been neglected especially newbies and that's one of the reason why many are fall into losses in new projects. What OP have had enumerated in this thread are truly important that we need to be mindful of. Always look for the use case of the project and don't be sugar coated by the hype of the project.