How to make your own choice in investing?

[Jenna_G]

I'm interesting in investing, but when I start use telegram and FB as resource of project, a lot of people start write me in PM and asking abt my plan in crypto, how much money I have, a tonnes of advertising. And I feel that they are scammers. But they are almost always people with real names and faces ( i hope so). On the other hand I have this forum without real names and faces, but also without all madness that i had in telegram and FB.

The main question is - How to make your own choice and how to avoid bad influence, and understand when you are scammed?

I'm afraid to get confused in the big flow of information with advertising and I don't know what to focus on.
and to be sure that you read all my topic ( not only a subject) i what also want to ask how much time every day you spend to find, make a research abt project, read or write on this or another forum.

Thanks to all of you!

[ahmedjamal1998]

First of all, don't put a single dime anywhere because "X" told you that you will get profits from that.

And I feel that they are scammers. But they are almost always people with real names and faces ( i hope so).

Yes they are and once they feel you're a newbie or don't know what you're doing they will come in a line one after the other trying to rip you off whatever they can.

You said you wanted to get into crypto. What choice is confusing you ? I guess you're talking about investing into new or undervalued coins or you're asking in general.
Look generally traders or people who want to get profits from crypto keep a few coins in their mind. Like ether, zcash, bitcoin itself, monero, litecoin, dash, nem and many others.

So basically you checkout a certain coin and you take a look at the current price of that coin and the past months. If it's right now at a high overall price, it means that this is not the time to buy. So you check another one till you find one which is usually higher than that current price. That's the one that you buy.

I guess the rest is easy. Wait and hold until it goes up and don't sell unless it starts falling again to benefit from the whole pump.
Since everyone is interested in bitcoin only now, I guess the price of a lot of coins right now is really interesting but at the same time the point of gaining free Bitcoin Gold sounds much better. It's a game. Make your choice

[vegethegreat]

Those who promises a big return of investment 50% or 100% is definitely a scam. No company can afford that such big roi. For your question how to make your own choice in investing, I assume that you are refering to altcoins. As you said you spend time reading or research for a particular project, doing the same thing  will help you understand well the altcoins. Buy only popular coins. Sell when value high and hold your coins when the value is low. You also mentioned that you don't know where to focus on.For me you should set your goal first, set your priorities.

[bundo]

There are always scams who take advantage of the situation either in this forum or in other social media such as facebook

First step understand first what you will invest ,, before investing you must know first rule

This bitcoin forum I'm sure many will tell information about crypto and will give positive suggestions to avoid scams.often asking means will understand

[13abyknight]

The keyword here is to carry out research about the project. Don't ever fall for people advertising to you directly on FB/Tele its all marketing. The ideology of a project should be read about and understood properly in order to be able to judge whether it will make an impact in the ever growing world of altcoins.

[AiloveYouks21]

1. The project must have the product already working.
2. The project is supported by a team of developers and advisory team who have a clean and good track record.
3. The project has a detailed whitepaper.
4. Long-term plan.

[thepo1m]

1. The project must have the product already working.
2. The project is supported by a team of developers and advisory team who have a clean and good track record.
3. The project has a detailed whitepaper.
4. Long-term plan.

I like your list above, but the issue I have with most of these project with working product is overvaluation of their tokens, if they have a ready product why not just move to the market straight but they will first come for ICOs to milk investors dry.

[CryptoKranthi]

Even I too found the messages like that very often but I ignore them with ease.they Pm me saying this coin will pump to 100% in 10 days like that but I ignore them. It is advised to you that please ignore those messages and do your own reserch reading their websites blogs and social media and their previous behaviour in the market.

[edynolan]

I have been looking for crypto in 2014 and I always hear the bad influence on crypto and others. but I ignore it and now I have my own income from crypto and this forum, if you're interested in finding crypto, you should learn from here by reading each thread and posting someone if you want to find answers to your questions. I just spend a little time in the forum because I have a life outside with my family. for you to start believing that future crypto will be bright and have a high price especially bitcoin

[Jenna_G]

Thank you! Your advice are very useful and interesting.

[Johnnywelsh]

Short answer is, there is no simple way to tell a good investment from a bad investment otherwise we'd all be millionaires. You can minimize your risk through lots of research and time/experience.

Other than that start low then increase your investment amounts over time as you feel more confident.

[khan149]

Project work is going on.All of their whitepaper must be given in details.They should have long-term plans. These will be seen before.It would be nice to have these qualities of the project.

[cryptomato]

I try to put half of my efforts to reading about the coin that I might be interested in to invest, all the news about them. and another half of my efforts I'm spending to analyze technically from graphs as I'm coming from stocks exchange and my habits forces me to use technical analysis even if it doesn't work same as stocks.

[swissgang]

Actually no one is able to make his own choice, every choice is the mix of things that he see on the internet. The best thing is being smart, and not falling in traps while trying to catch big fish.

[abcd7]

all you have to do is a good research and read  carefully  white paper cause is the body of your investment , also you have to check the team and the project solidity.

[_Dawid_]

It is so simply, if you want to make your own choice just make your OWN research of example alt.
If you are not able to do it then you will need to support yourself with others opisions etc. sometimes accurate or wrong.
Firstly you should know your situation, how much want you risk, how much invest, for how long?
And then pick your target group of alts and make a great research and choose the best one.

[Fu.Sin]

There is always a risk. Even almost perfect projects can be fraudulent. White paper? Can be copied from other projects. Command? You can use any photos of people and write about them anything. Although there is a clue. For example, collect information from social networks. How people work, study, relax with their families. If people are scammers, then they will not show themselves and family members, children. But, they can not know that their personal data is being used by someone. In this case, you can throw questions through social networks.

[chaosfourever]

I research the project and team behind it. I look closely at what has a low enough market cap where it will definitly gain. And I look at the potential and how close to a finished product it has.

[prp101]

If someone promises high profits in short time = scam. If you are talking about investing in programs not coins, then you should follow some "big" and legit leaders, they know what's right and what's not, so just stick to where they invest.

[bittick]

1. The project must have the product already working.
2. The project is supported by a team of developers and advisory team who have a clean and good track record.
3. The project has a detailed whitepaper.
4. Long-term plan.

1 Ico's purpose to help the development process of the working product. and the number one is wrong.
2 But about to catch some advisor just like a shady thing like what already happened with tezos to hire some poeple to hype the project.
3 I agree with it about the decent whitepaper and the structure of the whitepaper.
4 Transparency and active development seems to be another value rather than long-term plan.