Bitcoin Forum

Some new entrants in cryptocurrency trading do trade blindly on coins without doing their research on coins before investing, majority invest base on FUD or a pump group which are not realiable.
The following are some of the factors to consider before investing in coins base on long terms investment:
On-going Projects
Community Hype
Market sentiments
Future projects
Social media reach

I do agree with you. Especially most of the newbies invest without having any research. The most thing attracts newbies is the pump of a coin. But hey pick in the wrong time actually and lose huge money.
For secured investment, people should, of course, invest at least 70% of total investment in top 10 coins.

That is why we need to always enlighten the newcomers in the market and it is up to us to educate them, by proper relaying of information and not just sending them to projects blindly as a referral as it would make a negative feed back in the long run if that person will lose all of their assets in the process. That is why proper disclaimer and setting up expectations must be met to people that you introduce in the cryptocurrency market.   

There's really a lot of pump groups here in our industry and if you are going to follow them blindly you are going to lose a lot and so it's very important that you have a good criteria like you have there in your post, you forgot to mention the team behind them are they real, so many fake profile on some ICO.

The blind guide can make the followers blind and definitely falls drastically due to misconception and improper execution of knowledge. Open eyes matters with the presence of mind to go further success.

Most of this people are newbies, They don't know how to play the game on crypto, Only OG's or old traders/investors will play this game. But gradually if they continue INvesting on crypto they will learn something and In fact the world is changing so different institutions are coming in this pave of technology.

I totally agree with you ...Don't invest or trade blindly on any market or coin first learn about project then you can invest on this.

I was a newbie too last year and I paid my lessons well with many bad projects all hypes and no results and there had been some that got away or the scams and frauds which made me realized that the bad apples are now smiling and getting to be residence in the world of cryptocurrency and ICOs. We have to be careful because here in cryptocurrency we are dealing with people whom we don't know personally and those addresses they are showing may not even be true -- hell even the profiles of the team can be copied elsewhere.

frankly, many newcomers who are interested in crypto only think about profits and they want to get rich quickly, without knowing or understanding the risks. they think it's very easy to make profits, just by buying cheap and selling expensive, it's easy. but everything was not what they thought and many of them suffered losses.

For some reason I have chose some particular coins/token I have been ingesting on based on previous research on the project and not on how fast I think the project will be pumped cos as I have learnt also, the quicker the pump the faster the dump  ;D and this is something most newbies should learn and know how to invest wisely but not with the intent of making huge sums overnight.

I agree with you. New investors really need to be careful.. Surely low cap coins will do very good x in next bull run but while selecting these investment opportunities they need to search very well about teams past succeses and projects quality..

really what you say, but we must know about the project team because if the team we don't know fraud can happen

Investing has a huge risk if not done carefully, not only from the fud and pump groups, most investors also just follow the steps of others to invest. We must invest wisely and correctly by studying the situation and the potential of the coins we will invest.

Invest in blind cryptocurrency is a complete madness and I think that even beginners do not. I think that investing in cryptocurrencies is still profitable, but you should be able to identify good coins, as well as buy and sell at a good time. In general, you should become a good trader.

This especially applies to beginners. At first they have a lot of enthusiasm and they are ready to invest in any coin, which they will be advised, but then they begin to realize their mistakes. Probably everything comes with experience

I believe it is a general knowledge or better still crypto currency instructions not to invest blindly
You have to maintain the standard rule which is research

You need to ask questions, discover answers about a project, their purpose, their product before investing

Add the real use / use case of that project.

If there's no use of it then that project would surely like a coin just to be able to trade and increase its market cap. And as an addition to the factors you mentioned, a team should be considered too. If there's a joker on the team you know on where that project is leading.

According to my analysis personally, newcomers are rather careless in starting a trade that is supposed to examine and look at the situation. I don't understand the steps taken too fast, even though it is someone's right to choose. They must read your advice. :-X

That pump dumps groups really annoying sometimes. Without our permission used to add in the telegram group. Mostly I used to invest in just TOP 30 and avoid for other coins. Rarely go for some ICO. People Just see high profit and close their eyes and make the bad decisions.

They are very enthusiasm to earn Money instantly without any knowledge about crypto. Remember this has become the main problem in the crypto because it can be the factor why so many people are getting scammed caused by that. It looks true if you are seeing crypto right now. These guys are so blindly to earn Money and then at the end of the story they have invested in the scam ico and lost their Money.

Often people just look at a one of two different places for a source of news. in reality they are just pumping their own investments, you know a bitcoin cash hodler because they are always trashing bitcoin and saying how great bitcoincash is, but we all know it's just a fork shitcoin. Read lots of different news to get a bigger picture

Well guys, you can't play russian roulette if you take a peek in the barrel!! It just Kills all the fun!

Sarcasm. Dont be an idiot and always DYOR

Indeed, especially everyone who are new in cryptocurrency. usually they are following the hype and put everything they got. and when the project they invest dumped, they blaming the cryptocurrency to be bad place to put an infestation.

Investing in coins blindly seems to be a newbie right of passage.  My first few weeks in crypto I fell for the Minereum/Artemine scam.  What a cluster fuck.  5k USD gone in a blink.  I came in right as the game was changing and the scams were really picking up steam.  I'm in risky coins right now looking for a pop.  No fomo this time.  Planed risk/reward play.

When seen it seems that hype and social media communities are the main factors causing this, especially those who are involved in it are beginners who of course think more about others (tend to imitate)

So, when they enter into the coins and get trapped into P&D its hard to get out

I think everyone can do understand whatever  they desire
No matter the advises and bitter lessons

People still gamble and invest blindly
There’s no use to be honest

A great post. It is unfortunate and unavoidable that people will always find ways of taking criminal advantage of great new technologies. On the flip side, it does indicate that people are willing to adopt cryptocurrencies and shows how widely accepted the technology has become.

Pump and signal group only should be used as reference, in the end people should do their own research, and investing in crypto is not that easy,due to the decentralization,the price could go really wild, usually before I invest,I see the white paper and how serious the marketing team advertise their project, social media can become one of the most important things to detach before invest, there are a lot of information that you could get from social media

totally agree with you as i have done this mistake in past. initially i get good return in 1 project but later on i lost in 5 to 6 ico projects as i started investment blindly in some coins. this was the learning for me now i do research at my end before putting money in any project.

never mind to analyze, even I am sure many in the crypto some time ago does not understand anything at all about crypto. they just come because of the huge hype that occurred late last year and not qualified knowledge capitalization. This makes the newcomers couldn't get big results until now and even always panic with the circumstances that exist.

Beginners do have a little knowledge so they are easily tempted, which they should still have to learn and understand each coin that will be invested. With a lesson, they will rethink the coin to be invested.
Before something happens to them they will not believe, and they feel that the opportunity is good to take.

That is mostly correct, i know some people that done reckless things when investing in cryptocurrency.
They are just following many peoples that already having a success in this cryptocurrency world, withouth even thinking on how they struggle when they first time working their way up in this cryptocurrecy world.

I agree that's why I always try to find the best project as possible that will serve good in the future and not just quick gains from pump and dump coins or tokens. Those pump and dump coins/tokens are really toxic in this space and hurts those good projects.

Generally, people tend to hope that it will bring about a good return that’s they believe any call they see so far a similar call has yielded such. But it doesn’t work that way. Even the crazy outcome of market nowadays suprises everyone.

Many people advise and many ask here. Even really good content on this forum also. Still many people who used to read here made mistake. By reading more we can avoid many mistakes. While making mistake we can learn more from them. It's good to sometime blindly follow something but have to learn really is it worth or not?  ;)

Very important. I believe we all undertsnad what is meant by don't invest in coins blindly. Don't go about investing in coins that you know little or nothing about, or that you haven'y done your own research on. Don't invest in a coin just because you feel like, or because you see a group of persons hyping it. Do your researches.

I actually respect your opinion on things to watch out for when choosing ICO but sometimes opinions are not always right. The best thing is to make research about the product of the ICO and the team behind the project. I believe those are the two Paramount things to watch out for.

Hi, everybody. Complete agreement. When trading coins, there should be a good analysis and understanding of the market. 8) 8) 8)

That is true, we do not need to invest without knowing or understanding what type of ICO we are joining for. Their are decisions that we need to think for many than creating without thinking. Well their are scam ICOs we just gather information on how does it run so that we will be in particular area.

Definitely anyone who invest in any coin or token without proper research is already a step to doom. Newbies mainly fall into this category or those who follow pump channels, they always get burnt especially when they go big on the investment. In essence, before making any investment in crypto, do your own research, don't just invest because people are investing. I see some guys buying into some scam projects doing self drop, who will still dump all their shitcoins even after a cheap listing. The most recent saga is Xentimentum, XTM,  it's heart breaking to know that they've deleted all their social media handles. Please let's be guided, just my opinion.

I agree with you. Most of the people basically those who are new came to this market and don't understand it. Some of them play safe game they just invest in top coins but the rest of them go for overnight- millionaire. So they influenced by some did or some yt channel or some group and they invest in some pump and dump coin. And after that they leave the market for their bad experience. It's make the whole ecosystem effected. So whenever you invest in a place always research about that investment then go for it. Everyone make some adds to show that their product is good but you have to examine it then use it. So first do some research then go for investment.

You are going to lose everything fast if you invest because of the hype and I've seen this happen to so many investors, create a criterion do a research interact with the experts and check the people behind it if you will fail to do this and you are going to lose everything.

Because basically they are in a hurry to attract big profits, so it is very easily influenced by the FUD news and then will suffer a big loss after buying the coin.
An active community is one way to overcome this so that we avoid rubbish coins.

I did this two times. First time end of last year, my small blind investment yielded good profit, later put this money where i lost most of it. So i am on even position now lol

Regret that i didn't take profit otherwise today i would have good amount of money to make investments, specially as this seems like a perfect time to do that.

some of the analysis in that regard would be helpful to get the right investment. but now many are too expect results without doing some research first and this is a big mistake. especially, newcomers, they see crypto is a field that always produces without looking at the risks that exist.

Making money in the cryptocurrency market is not easy. I saw many friends around me losing property because they bought crypto.

Of course there is no sense to invest on coins blindly we have to collect all information about the project and it's team of developers then we can take a decision weather we invest or nope.

It was supposed to be a preliminary step to do. but we also know that many people are too greedy in crypto so just know to pursue results regardless of a good strategy for crypto regarding what should be invested. This is a lot to make a loss for everyone because even their own coming into line losses.

Always have a time for research when you are planning to invest on any coin because it would help you a lot in finding the potential coins. Investing and trading cryptocurrencies are risky and everyone need some preparations, especjally newbies, to avoid future losses. Greed is mostly the reasons why some investors or traders chose a wrong coin and lost some big amount of their investments later.

Yes, that is quite right, because nowadays electronic money has so many different coin, we can hardly choose the right coin to invest in, so consider carefully before Select any coin.

Yes, I agree, this is the right wishes, you can not blindly invest in the market, especially in a market like crypto-currencies, here without knowledge you cannot earn money. I advise everyone to listen to this common advice.

People are going hype especially in good times in crypto like what happend last year. It's so tempting to invest without second thought when the factors are positive. But crpyto market is not always an easy money. Losing is part of the game so it is very important to be wise before making a move.

I agree with you
but I did not speculate especially for this month. I waited until the end of the year and read the situation and looked for various information to confirm it, there were no growth indicators so I would not speculate before the market seemed to be moving growth

  That's a good statement or Advised for all possible investors in this Market, Yes, one should need a lot of home work, information gathering, market research, market structure, the fundamentals, market strategy, Consumer's confidence or behavior towards such coin in the market, Invest only what you can afford to loss if the market gone crazy, Have a good timing for an investment and above all you have the patient to monitor and ready to act if you need to decide on your possible sell off to protect your profits.

I got educated when I first came in and I think it is our duty to share what we know with the beginners even if we don't know them.

I believe that bounty hunters will not blindly invest in any coins, because hunters can always learn many ways to distinguish between ICO projects and crypto when looking for bounty activities!

For many people, this is a common mistake, especially for newcomers. Usually novices are cryptocurrencies that friends know, so it's easy to follow a friend's investment, but bear markets can easily lose money, so novices should learn the basics of cryptocurrency.

Looking at the red market, of course, beginners or bounty hunters are afraid that if they invest blindly, studying experienced investors, they will look for coins that have the potential to invest. Investing blindly is not a way out but will commit suicide by spending coins like people gamble.

Yes, I agreed with you, I could vivid remembered when I started crypto then I just invest in so many coins then without make proper investigation. Some of the coin I invested in then was just wasting of money  and I also make profit  from them also but I  properly take my time to make proper investigation  before I invest in any coin now.

All these are important points to note for newbies. Including the team make up. Who makes the core team and advisors. What is the experience and technical know how? And finally, does the project offer a minimum viable product. It is very important to project sustainability

I think you should add,  team member verification to the list and innovation behind the project. Nowadays its becoming more difficult to confirm the identity of project team members and this failure tells on the frequency of scams now

With this dip lot of investors should be learn great lesson. We shouldn't invest on here for words for anyone else. When we getting lost there isn't anyone to even for make our minds. So best thing is doing own researches. Anything isn't easy for make money. don't do anything blindly.

So many do, mostly newbies. See that there is hype near a certain coin and begin to buy it. You do not need to rely on the opinions of others, but you need to carry out your at least elementary research before investing.

I think in investing we should check carefully for the community hype since this might be misleading.  I agree with the stated list of OP and among those is the hype thing that we should be very careful. Buying at the height of community hype might make us lose a lot of money.  So it is necessary to research a lot about the project and the price trend of that project.  This is to avoid buying at the peak price and buy at the most profitable price of the token or coins we are to invest in.

i agree, i think almost all newbies experiencing this hypes which are around in the community elsewhere, so in the end, they get more losses rather than earning profits. For me, i consider, social media reach, because the more the community of their media channels, the more support they could get from the community.

It is true, you must only invest if you have done a thorough review on a coin's whitepaper and have checked everything you have to check. Investing out of FOMO is really not a good idea since most crypto investors would do their best to market and pump the coin they are supporting.

Of course we should do research on coins before investing, because any kind of investment is a risk. But lots of newcomers ignore it and just buy coins blindly.

It is a mandatory for each investor to investigate the project before taking part in it. I cannot believe that there are people left that are investing in every project without a great research. You will only lose your money and thats it.

There are simply rules for newbies, actually invest blindly sound stupid and nobody do like that right now. That's one of the reason why a lot of ICO's failed, people just become smarter and invest only in good ICO's.

I thought it is obvious to every crypto market participant. Nowadays, there is so much projects, that are trying to trick you and it is a must to check every detail of an ICO or you will be scammed. Spend 4-5 hours on the research and it would safe your money.

a good solution, so we don't get lost on the wrong road before investing but is there a reason why the market is currently bad, do you know what the cause is?

This cannot be said often enough, one of the major reasons of people losing out big in the market is that they are investing blindly, they do not look at the coins that they are investing in to make sure that they are good before they start investing in the coins which is why when the market starts falling you see them panicking and selling off their coins

Newbies has to learn how to make research on a coin and what they have to look at. I was also not prepared for my first investment
and it was a lucky one and I thought crypto is so easy. Later on, I had to learn my lessons on a harder way. There are no shortcuts
in crypto.

I don't think there is any investors are investing in cryptocurrency blindly anymore. Everyone already know that it's very risky when they invest in cryptocurrency without having any knowledge or experience about it. For now, before joining crypto market, almost traders and investors often learn a lot before spending their money in few cryptocurrencies.

Every investing that you made is need a research. Because once you invest to a coin without doing research high chance to lose your money because you don't know if the coin that you purchased is potential coin or not. Invest wisely to earn money.

In this bearish market situations we need to take lessons for us self with trading, because every step who we set is very important for the future of our portfolio.

you need to go deep and learn this coin as much as possible before you invest your money in it

I do agree with the idea. Investment is not a simple thing to make and profit will also be not in an instant. Investors should consider factors first before choosing or making an investment for them to be safe from disappointment and regrets particularly with profit loss. The market itself still is struggling right now. Despite of the potential of the projects, ICOs are still failing as well as the prices of crypto, so maybe, waiting for recovery ro come first will be agood decision.