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After a fall will be a rise. It is necessary just to wait. In the long term, cryptocurrency continues to rise. But a lot depends on how useful is a project. For example, appear projects that offer benefits for the shipping industry like this https://twitter.com/CoinNexum/status/1492571253336588292The price of cryptocurrency depends on the condition of cryptocurrency market and on demand in cryptocurrency. In the long term the price of cryptocurrency rise but only for that coins that are useful for people and in demand. So weak of the market is a good time to buy cryptocurrency because the price of cryptocurrency now is good. After the fall of the market will be a rise. It is necessary just to wait. But not all the projects will be able to survive during the fall of the market. |
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A lot depends on demand in cryptocurrency. To grow in price for long term prospective cryptocurrency must be useful for people. That is why it is very important to evaluate the future prospects of cryptocurrency rightly not to lose money on investments. As for me I do not think that cryptocurrency strengthen now. Now cryptocurrency ins very unstable and volatile. The situation in the world now is unstable. So I thin that in the future the use of cryptocurrency will increase. So also will increase the demand in cryptocurrency. |
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Investments in altcoins more profitable then investment in Bitcoin, but they are more risky too. It is very important to check everything before investing to evaluate the future potential of the coin. Not all the coins will be able to survive during the fall of the market. It is very important to evaluate the potential of altcoins not to lose money on investments. Now all altcoins will be able to bring profit. Not all altcoins will be able to survive during the fall of the market. That is why it is very important to check everything befor investment not to lose money. |
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Now many people have cryptocurrency and they want to spend their cryptocurrency for different trips, vocations and shopping. Diffferent discunts in crytpocurrency will attract more attention to cryptocurrency. People like discounts  The adoption of cryptocurrency increases that is why more and more people use cryptocurrency and make investments in cryptocurrency. And many people have profit from their investments. That is why they want to spend their profits in cryptocurrency for different goods, products, vocations and trips. |
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That's the mindset that a newbie should take off of them because that's the thing that would lead them to losses. Answering the question of the OP of being a newbie to crypto what they should do first, of course, keep reading, build a good foundation on yourselves about technical analysis and the topmost thing is to be patient because earning here in crypto does not come into easy. Yes, we may experience sometimes an instant profit but not all the time so learned the process properly.
There are a lot of cryptocurrency projects but not all of them will survive during the fall of the market. It is very important to check how the project will be useful for people in the future. Thanks blockchain it is possible to invest money in different assets including real estate like this - https://twitter.com/Z1financial_/status/1500779615622610945Real estate investments are more stable than investments in cryptocurrency. Real estate investments give a stable profit but they do dot give so big profit like investments in cryptocurrency when market rise. Now many people thing that the price of cryptocurrency will continue to rise because of unstable situation in the world. |
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All cryptocurrencies are different. It is very important to choose how cryptocurrency will be useful for people to evaluate its future potential. Thanks cryptocurrency and blockchain it is possible to invest in real estate like this https://twitter.com/Z1financial_/status/1496371114175565824Real estate is more stable then cryptocurrency. When situation in the world ustable and inflation is big people prefer to buy gold. Now many people thing that cryptocurency is like gold or even better than gold, that is why they prefer to buy cryptocurrency. Many people hope that cryptocurrency will rise. When situation in the world is unstable the price for real estate continues to rise, because people always need the real estate and demand in it only inrease. |
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When we have many similar useful projects there is a big competition between them.
Investors have a big choice of different projects and they prefer to use the best of them, that are more profitable and comfortable for them
Now cryptocurrency market is very unstable and not all the projects will be able to survive during this fall of the market. But also it is a good time to buy tokens at the best price. If the project will be able to survive during this time investors will be able to earn a good profit. Many centralize exchanges blocks the accounts of their users due to the sunctions. So the demand for DeFi exchanges and DeFi products will only increase. |
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After a fall will be a rise. It is necessary just to wait. In the long term, cryptocurrency continues to rise. But a lot depends on how useful is a project. For example, appear projects that offer benefits for the shipping industry like this https://twitter.com/CoinNexum/status/1492571253336588292Because of big inflation in the world the price of cryptocurrency continues to rise. Many people use cryptocurrency for investment purposes to earn money on the rise of the market. That is why the demand in cryptocurrency increases. The cryptocurrency market is very unstable but in long prospective it is rise. Now the situation in the world is so unstable that the demand for cryptocurrency will only increase. |
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Then economic situation in the world is unpredictable cryptocurrency is unpredictable too. But in long term the price of cryptocurrency continues to rise. To rise in price for a long time it is necessary to be useful for people for a long time. It is important to evaluate the prospects of the project to understand how it will be useful in future. Now cryptocurrency is very unpredictable. The situation in the world is very unpredictable too. But in long term the cryptocurrency market rise. But I am not sure if cryptocurrency market started to strengthen or not. But I think that is such difficult situation the demand in cryptocurrency will increase. |
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Hello Everyone,
It's been a great journey building a new altcoin and we have met amazing people and communities through the journey, however we have encountered many scammers on the road as well.
We avoided most of them, until recently we have discovered that our token was cloned in the BSC with same name and same token symbol which we thought wasn't possible.
One of the most difficult part is to earn the community trust as there are many scams out there and they are getting better and sophisticated.
So, we are guilty until we prove we are not.
Just want to start the discussion to understand the best ways to differentiate yourself from the fake's and scams and learn from everyone.
Thanks!
Spread it immediately for the safety of your investors and community if you see something suspicious and trying to copy your token in the market, wherein let them know and don't wait for them to fell in it. Actually its very come on the space so you better acknowledge them which is the right site, groups and of course the contract address of your project to protect yoru reputation and the image of your project. Thank you for your advice! We did it already, unfortunately we came to know about it a week later. I can say that the scammer was very professional and knowledgeable. He built everything and listed in a DEX for exactly one hour, raised quite amount of money and then burned all the tokens and disappeared. |
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To make your investors or token holders differentiate the official token and the fake one is to announce the official contract address of your token and post a new announcement on your social media that there is a clone of your token. If the clone of your token use different network like the scammer use BSC and you guys use ethereum network then you can do it the same that the Network you use is ethereum and not the BSC. For gaining trust from people is through time and effort to attract people and it also depends on the project and it's uses.
Thank you for your comment! We already did the announcements, unfortunately still few check the contract address or are aware that it is important. Many new investors entering the marketing and for those we feel sorry when they get scammed for their hard earned money. What's upset us is that the scammer made whole lot money than us!  |
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To be candid, it takes a whole lot of time and effort to build and manage a project successfully. The fact that others are trying to clone and duplicate your project means that you're doing something right and competitors wants to take advantage of the good name that has been built over time past.
We have tried to see the half cup full and we thought the same. No one would like to clone something that someone won't fall for it. What intrigues me is that I was able to to check the developer contract and saw that he is doing the same for many other tokens using the uniswap protocol. I have reported it, but not sure BSC will take any actions. Appreciate your comment! |
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