Title: Benefits of Being Early in Crypto and Protecting Against Scams Post by: HarrisBull on August 11, 2024, 07:25:59 PM To be early on a crypto project could probably bring you massive gains. Whether it is to enter at a lower price, receive exclusive perks, or ride the initial growth wave of a token, such is the privilege of early adoption. But with this opportunity comes great risk, especially in a place where scams and rug pulls have become an unfortunate reality. The Upside of Being Early This is what will help you make big gains: getting in early on a promising project. As projects grow and gain momentum, the ones who get in early usually have lower entry prices and, in this way, maximize their return. Besides, most projects do offer exclusive rewards, bonuses, or access to features that some other investors might not receive. Being early also gives you the opportunity to help mold the community and have your say in the project direction, which makes you much more than an investor but a valued participant in the project's success. The Risks Involved While the potential rewards are high, so too are the risks with being early in a crypto project. Mostly untested, it is not all that hard to bump into scams, rug pulls, or poorly designed contracts. Without proper due diligence, an early investment can quickly turn into a loss. Tools for Self-Protection The good thing is that this space in crypto has been developed, and now there are multiple tools to help you mitigate these risks and hence come up with informed decisions. Research the Project: You must research your project critically. Check the team, their previous work, the roadmap of the project, and community feedback. An open and active team should be a legitimate sign most of the time. Use Contract Analysis Tools: The best way to protect yourself is to analyze the smart contract of a project. For real-time analysis, you may use tools like GUARIT Scan to check the vulnerabilities, honeypot risks, and legitimacy of the contract on your own. I always do it first before any early investment personally, and with that peace of mind, take a clear picture of what I am getting into. Check Liquidity and Market Cap: Understand the liquidity and market cap of the token. Make sure the liquidity is locked, and check the trends in its market cap to avoid projects that may be played with. Monitor Developer Activity: At this point, watch out for developers' activity, especially early on. There is a need to raise a red flag in instances of aggressive movement of funds or any other suspicious activity. There are many tools that give ways to monitor these activities, so you will not be out of the loop. Community Engagement Engaging with the community will also prove to be very invaluable in terms of assessment. Join the Telegram groups, Discord channels, or follow up their Reddit threads. Listening to how the community feels and reacts to something can give you additional insight, which often isn't easily seen in the details of the contract. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: Wiwo on August 11, 2024, 07:33:01 PM Take it or leave it, the amount of money cryptocurrency investors and holders have lost to scam is much more higher that the amount of money in cyculation in the entire crypto market, although not as if I wanted to over exaxirate things but that is the obvious truth and we have to accept the realities of the day, take yourself as an example, same way I take my self as example, how much we have all lost in cryptocurrency either to scam, or gambling or loses in trading.
All this loses of we put them together it will be enough to build a totally free financial life for anyone, so being early comes with a cost and sometimes, we have to pay indirectly for the experience we gain from the industry which is why we can bear those risks, and work to minimise our losses. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: Zaguru12 on August 11, 2024, 09:03:40 PM To be early on a crypto project could probably bring you massive gains. Whether it is to enter at a lower price, receive exclusive perks, or ride the initial growth wave of a token, such is the privilege of early adoption. But with this opportunity comes great risk, especially in a place where scams and rug pulls have become an unfortunate reality. There is nothing that actually comes with high reward that doesn’t comes with a higher risk and early birds to shitcoins aren’t left out. Once you’re early you have already taken the bold step to risk your funds with that, take a look at the earliest adopters of bitcoin like around 2012 they would definitely be in huge profits now if they havd only on to it. With that said I think many people make mistake of investing in just all coins just for the sake of getting in early which is mostly a scam project. This early bird is what degen traders use to catch memecoins early before the lunch and then trade it, more than 90% of this newly token balance usually doesn’t ends well you see. The advice now is to stick to bitcoin as an investment as we are still early into it and it guarantees more safety than those memcoins Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: Rruchi man on August 11, 2024, 10:34:19 PM To be early on a crypto project could probably bring you massive gains. Even if you are not early to a crypto like bitcoin, you can still profit and benefit from it if you show dedication and commitment with investing and hodling. If you start thinking that you are late to invest in bitcoin it may discourage you from even starting in the first place that is why you need to abolish that thought and concentrate on stacking up since you know that you're a bit late. let it motivate you rather than discourage you. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: mirakal on August 11, 2024, 11:25:32 PM To be early on a crypto project could probably bring you massive gains. Even if you are not early to a crypto like bitcoin, you can still profit and benefit from it if you show dedication and commitment with investing and hodling. If you start thinking that you are late to invest in bitcoin it may discourage you from even starting in the first place that is why you need to abolish that thought and concentrate on stacking up since you know that you're a bit late. let it motivate you rather than discourage you. Crypto, particularly bitcoin investment, isn’t about who buys more or who holds more. But it’s all about who can be patient throughout the test of time, and won’t sell panicking just to avoid too much losses, when we all know as long as we continue hodling and never be tempted to sell, we will never be at loss literally. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: Cryptoababe on August 12, 2024, 01:10:54 AM Investing early in crypto can be like finding a good memecoin early . But not every early crypto investment pays off. Sometimes it feels more like luck, because you can hold a coin for ages and it won't go up in price until after you sell it. That's crazy.
Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: jcojci on August 12, 2024, 03:00:10 AM To become an early in crypto clearly benefits especially for those who can buy or mining many Bitcoin. But that will not happen again and if you are new in Bitcoin, you still have more chances to buy Bitcoin. No need to regret if you are not early because you can join now. The important thing now is how you can profit from investing in Bitcoin and you have your chances and you are lucky enough than people out there who still thinks much about investing in Bitcoin.
Securing your Bitcoin is the next thing you needs to concern because scam will be every where. If you can protect your wallet, you will be the next target of scams. Many people are trying to be Bitcoin investor and they learn many things to protect their wallet so you can learn like them and hodl your Bitcoin until you can sell in the price you want. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: stomachgrowls on August 12, 2024, 08:02:39 AM To be early on a crypto project could probably bring you massive gains. Even if you are not early to a crypto like bitcoin, you can still profit and benefit from it if you show dedication and commitment with investing and hodling. If you start thinking that you are late to invest in bitcoin it may discourage you from even starting in the first place that is why you need to abolish that thought and concentrate on stacking up since you know that you're a bit late. let it motivate you rather than discourage you. Crypto, particularly bitcoin investment, isn’t about who buys more or who holds more. But it’s all about who can be patient throughout the test of time, and won’t sell panicking just to avoid too much losses, when we all know as long as we continue hodling and never be tempted to sell, we will never be at loss literally. Crypto investment isnt really that an easy money making thing on which just like into those typical investments that we do know then you would really be needing up on taking up such risks for you to be able to make yourself having that kind of handling yourself to sustain. It wont really be that easy but its not something that impossible for you to be able to attain or make it done. It all matters on how you would really be finding yourself having such situation and make those appropriate actions applying your analysis. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: TastyChillySauce00 on August 12, 2024, 09:07:11 AM The Risks Involved I second this, sometime people think it's always great to be the early birds but my experience from following various projects tells me otherwise, even more specific are the project that requires staking, or whatever it is that involve custody of money.While the potential rewards are high, so too are the risks with being early in a crypto project. Mostly untested, it is not all that hard to bump into scams, rug pulls, or poorly designed contracts. Without proper due diligence, an early investment can quickly turn into a loss. the early bird will get more point than other indeed, but there are so many risks that can't just be ignored such as unfinished contract audit which might expose the contract to vulnerability and therefore losing our entire fortune as well as the team just doing some marketing that disregard the benefit of the early bird such as bonus points and etc. too many thing could go wrong with being early bird that if we're talking about new project i just waited sometime until they actually got their project finished first to avoid risks. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: hugeblack on August 13, 2024, 08:17:03 AM Starting early can be profitable but it also involves freezing liquidity for a period of time without benefiting from it. The best investment is always before the price starts moving forward and before pumping the price and then withdrawing the capital and leaving the profits, but the risks are high and can be reduced by using stop loss orders.
Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: Lakai01 on August 13, 2024, 08:49:44 AM [...] As an investor, you can't avoid (all) risks ... too many thing could go wrong with being early bird that if we're talking about new project i just waited sometime until they actually got their project finished first to avoid risks. However, the risk/reward ratio must be positive for all investments. This means that you can assume that you will make a positive exit, especially if you make several different investments. However, it is very important that investors do not focus on one asset class (e.g. crypto). Crypto projects in particular offer very good returns, but in the long term this can change relatively quickly and there is no guarantee that the respective asset will actually remain lucrative in the long term. For example, you only need to look at where XRP was during the bull run in 2017 and where it is now. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: benalexis12 on August 13, 2024, 11:52:07 AM It is said that if the risk we face is high, the rewards we can get are also high, but if it is a scam in the beginning, even if the risk we will take is still high, it will still be ignored for sure.
But anyway, since we are here in the field of the crypto space, there is no discussion here, whether you have been here for a long time or are just new. Because even if you just invested in Bitcoin and cryptocurrency, you can still get big earnings there as long as you made the right investment in Bitcoin and cryptocurrency. That's all. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: shawonngp on August 13, 2024, 12:12:00 PM Investing early in crypto can be like finding a good memecoin early . But not every early crypto investment pays off. Sometimes it feels more like luck, because you can hold a coin for ages and it won't go up in price until after you sell it. That's crazy. Right, meme coin is the perfect investment to gain massive profits in short time, because a new meme coin is increased 1000x although it was exceptional, so can possible early investment in meme coins, if luck will match then profit will incredible. shiba nd pepe these are two big example, early investors got massive profits..Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: dzungmobile on August 13, 2024, 04:23:02 PM To become an early in crypto clearly benefits especially for those who can buy or mining many Bitcoin. Now in 2024 when you look at the past, you will easily say this but in 2009, 2010 and other earlier years, joining Bitcoin as miners or investors was hard. It was not easy to become a Bitcoiner in earlier years because risk was bigger than in 2024.Adoption of Bitcoin in earlier years was smaller so risk is bigger, risk of death. Fortunately after many years, 1 decade and a half, Bitcoin is not dead. It's not true in your statement that in earlier years, it was only benefit and no existence of risk. https://buybitcoinworldwide.com/bitcoin-is-dead/ https://99bitcoins.com/obituary-stats/ https://www.bitcoindeaths.com/ Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: SamReomo on August 13, 2024, 08:30:22 PM Right, meme coin is the perfect investment to gain massive profits in short time, because a new meme coin is increased 1000x although it was exceptional, so can possible early investment in meme coins, if luck will match then profit will incredible. shiba nd pepe these are two big example, early investors got massive profits.. Meme coins aren't good for investing purpose because investing in the meme coins is more like gambling with your money and that's why I don't recommend anyone to invest in meme coins especially those newly launched ones as those could get dumped within hours, only the developers and few initial investors can earn profit from those meme coins.Pepe and Shiba are some of the rare meme coins that made their investors rich. Another such meme coin is Wif but those are rare ones and most investors can't find such legit and rare meme coins. These days we can see so many meme coins popping each day on Solana, ETH, Ton blockchain and some on those Base Ethereum layer and most of those are just rug pulls and useless coins. That's why investing in newly launched meme coins is very risky. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: hugeblack on August 14, 2024, 05:06:27 AM Right, meme coin is the perfect investment to gain massive profits in short time, because a new meme coin is increased 1000x although it was exceptional, so can possible early investment in meme coins, if luck will match then profit will incredible. shiba nd pepe these are two big example, early investors got massive profits.. Have you looked at trading memecoins more broadly? It is true that these tokens rise 1000x but this happens once, it is difficult to predict, followed by a quick collapse, and you may not be able to buy because the pump is fake. All these reasons make the probability of selling when the price is pumped less than 0.1%, which means that you need to invest $1000 to earn $1, while you can easily lose most of it. If you are betting on luck, there are other things that have a higher probability of winning against luck. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: Baki202 on August 14, 2024, 03:44:31 PM To become an early in crypto clearly benefits especially for those who can buy or mining many Bitcoin. But that will not happen again and if you are new in Bitcoin, you still have more chances to buy Bitcoin. No need to regret if you are not early because you can join now. The important thing now is how you can profit from investing in Bitcoin and you have your chances and you are lucky enough than people out there who still thinks much about investing in Bitcoin. Securing your Bitcoin is the next thing you needs to concern because scam will be every where. If you can protect your wallet, you will be the next target of scams. Many people are trying to be Bitcoin investor and they learn many things to protect their wallet so you can learn like them and hodl your Bitcoin until you can sell in the price you want. Those that started bitcoin early I actually in a better position to make better money than those that started late is not as if, Do you want to make profit whenever you start but those that started early will always be in time of making profits except if you are coming in with a lot of cash even in that case it'll be less expensive for the starters. Does that are mining bitcoin are on another level because they will make good money still depending on the number of miners they have so their is a lot opportunities that a lot of people have missed. But due to their own reasons they are unable to start early so, starting now is not a bad option at all, if you are still thinking about invest then it better to go ahead and invest. When you tell people to secure their bitcoins people always take it for a joke until something happens to your funds then you will be able to tell be about what they experienced, protect your seed phrase, and their a lot of books and even topics here on how to live as a investor in bitcoin but I feel that people are getting tired of reading this days. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: Mahanton on August 14, 2024, 06:16:43 PM Right, meme coin is the perfect investment to gain massive profits in short time, because a new meme coin is increased 1000x although it was exceptional, so can possible early investment in meme coins, if luck will match then profit will incredible. shiba nd pepe these are two big example, early investors got massive profits.. Have you looked at trading memecoins more broadly? It is true that these tokens rise 1000x but this happens once, it is difficult to predict, followed by a quick collapse, and you may not be able to buy because the pump is fake. All these reasons make the probability of selling when the price is pumped less than 0.1%, which means that you need to invest $1000 to earn $1, while you can easily lose most of it. If you are betting on luck, there are other things that have a higher probability of winning against luck. you would really be trying out to play safe. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: letteredhub on August 15, 2024, 05:32:09 AM All this loses of we put them together it will be enough to build a totally free financial life for anyone, so being early comes with a cost and sometimes, we have to pay indirectly for the experience we gain from the industry which is why we can bear those risks, and work to minimise our losses. Been early into an innovation undeniably comes with a cost which must be paid by the early users who can be classified as the experimentation or the testing ground to its success and growth to a take off stage for others to follow after based on the results they are seeing. But despite the losses made we shouldn't deny or neglect the fact that some other person's likewise made so much fortune too at the time coupled with the bad experiences and today they are the investors that makes up the whales we all talking about in the market.Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: OcTradism on August 15, 2024, 09:18:09 AM Been early into an innovation undeniably comes with a cost which must be paid by the early users who can be classified as the experimentation or the testing ground to its success and growth to a take off stage for others to follow after based on the results they are seeing. But despite the losses made we shouldn't deny or neglect the fact that some other person's likewise made so much fortune too at the time coupled with the bad experiences and today they are the investors that makes up the whales we all talking about in the market. Joining a new technology and invest your money in it, is very risky. In 2009, no one to be sure that they will succeed by taking risk with Bitcoin in 2009 or 2010, earliest years in Bitcoin history.If anyone think that invest in earliest years is easy, they can see how many projects before Bitcoin failed. It's super risky and early adopters deserved with fortune they have now in 2024 if they kept up their strong hands and hold bitcoin well over many years and went through many challenges. Bitcoin prehistory (https://learn.saylor.org/mod/page/view.php?id=30734) Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: gunhell16 on August 15, 2024, 01:42:17 PM It's been said that high risk surely means high rewards in the end, although most of the time you always lose in the end. But when you have time, the profit you get is very rewarding.
That's why sometimes other investors who earn a really large amount of money, if they don't really take the risk, don't get high rewards, which is also correct. So it's really up to us whether we want to be among the early investors or not, because if you're willing to take the risk, you should be first or be included among the newbie cryptos. Title: Re: Benefits of Being Early in Crypto and Protecting Against Scams Post by: jaberwock on August 15, 2024, 03:04:54 PM To become an early in crypto clearly benefits especially for those who can buy or mining many Bitcoin. But that will not happen again and if you are new in Bitcoin, you still have more chances to buy Bitcoin. No need to regret if you are not early because you can join now. The important thing now is how you can profit from investing in Bitcoin and you have your chances and you are lucky enough than people out there who still thinks much about investing in Bitcoin. One can still buy today but the one that is hard to do now is to mine a crypto. Not only that BTC miners are now costly but the mining difficulty is also on its all-time high. You can end up paying more for the fees, while at the same time getting only small rewards. There are still times when we can buy more Bitcoins than usual and that is if their value collapses.Securing your Bitcoin is the next thing you needs to concern because scam will be every where. If you can protect your wallet, you will be the next target of scams. Many people are trying to be Bitcoin investor and they learn many things to protect their wallet so you can learn like them and hodl your Bitcoin until you can sell in the price you want. When I say collapse I only mean dips or bear market because I think it's less likely for BTC to collapse for real but if that happens then history is going to repeat for BTC. I know history can still repeat on it already because it was volatile but what I mean is the time when its value is only cheap or almost zero and then the mining difficulty is still low. It's only no point on buying or mining it anymore because people might now be scared to enter and had a trauma with it already. |