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Author Topic: NEVER FALL IN LOVE WITH ANY ALTCOIN  (Read 250 times)
betty11 (OP)
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September 17, 2018, 01:10:58 PM
 #1

So, about last two months, I bought 10,000 CET at the price of $0.1/1 totaling the sum of $1,000. They were giving some dividends on holding the CET coin as it's been used in the coinex ecosystem otherwise known as a utility token.
Now, before buying this token, I have watched it growth and considering the fact that it is been backed by Viabtc and bitmain. so I thought it will continue to enjoy its organic growth, I felt very happy and comfortable with the token, was hoping to use this in getting more bitcoin as the price increases. But this wasn't the case as the token started dumping, I felt it was just a normal correction, but I was absolutely wrong. Just as I write, my $1,000 investment is currently worth $231. I have loss $769. 

Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.
markiz73
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September 17, 2018, 01:24:07 PM
 #2

Not such a large sum to get so upset.
Put 10% of tokens on the stock exchange + 10% to the purchase price, 10% of the tokens + 20% to the purchase price, 10% of the tokens + 30% to the purchase price, etc.
Hold 10-20% for a long period of investment.
If the token is serious, it will still grow in price.
Manuel05
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September 17, 2018, 03:19:52 PM
 #3

Dont blame the altcoin or the team. An investment is an investment, all investment come with a big risk and you learning the hard way. My advice is just to hodl what you have left, you only at a loss only when you sell. As you can see the whole market is at a big dump. Invest what you can afford to lose.
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September 17, 2018, 04:08:01 PM
 #4

Yes attention to every one don't invest on altcoin now because it has no stable price in the market if you think that the price will goes up it may come down' so not to take the risk on altcoin.
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September 17, 2018, 04:14:26 PM
 #5

So, about last two months, I bought 10,000 CET at the price of $0.1/1 totaling the sum of $1,000. They were giving some dividends on holding the CET coin as it's been used in the coinex ecosystem otherwise known as a utility token.
Now, before buying this token, I have watched it growth and considering the fact that it is been backed by Viabtc and bitmain. so I thought it will continue to enjoy its organic growth, I felt very happy and comfortable with the token, was hoping to use this in getting more bitcoin as the price increases. But this wasn't the case as the token started dumping, I felt it was just a normal correction, but I was absolutely wrong. Just as I write, my $1,000 investment is currently worth $231. I have loss $769. 

Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.
Two months is not enough to get you much profits in this bearish crypto trend so you need to wait long until the market go bullish again which might happen sooner but you also need to remember that there is no guarateed return in the crypto investment so you don't have to feel bad if you lose from crypto currency investment.

Ridwan Fauzi
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September 17, 2018, 04:47:55 PM
 #6

Pump and dump in altcoin prices are very common things, one of the smallest reasons that I only see in altcoins is a low price, so as manipulators or even developers are very slow to make market pumps and make market dumps. Investing in bitcoin is great for choosing long term investments while my altcoins only choose for short term investments.
Marry_OI
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September 17, 2018, 07:52:44 PM
 #7


Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.

And I sincerely sympathize with you. I do not know, it seems to me that the team is not to blame. The situation in the market is to blame. I think that now many have lost something. But I hope that the market will soon turn green.

Sony.UK
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September 17, 2018, 09:21:26 PM
 #8


Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.

And I sincerely sympathize with you. I do not know, it seems to me that the team is not to blame. The situation in the market is to blame. I think that now many have lost something. But I hope that the market will soon turn green.

LOL waiting and being patience is much needed in the cryptocurrency marketplace. There are very few people on this forum keep supporting cryptos even it's dumped time. We need to be supportive to grow ourselves along with the bitcoin and alts.

We may find the more green in November and December months for sure. So wait for sometime.

synomy
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September 18, 2018, 02:03:52 AM
 #9

Everybody knows it's a risky market, not everything will be winning :/
livingfree
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September 18, 2018, 03:08:47 AM
 #10

First we are still in the bear market and most of the alts are affected.

Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.
If this has been done by the developers then no one will know or if someone will figure it out that will be on the headlines. I'm not so sure about this coin because I don't follow it but if its backed up by those companies I think that you have heard some related news about bitmain losing with their some other coins.

In the end, you still gave the best tip.

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palle11
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September 18, 2018, 06:03:03 AM
 #11

I can feel a disappointed member but maybe that was your first time to invest in altcoin because for me, $1,000 was too much to invest in an ico coin/token.

Again, it is better to invest how much that you won't regret when the expectations are cut in between the roads.

Always diversify , investing in established coin sometimes pays up. Like bitcoin, etheruem...
BitcoinGuruOne
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September 18, 2018, 11:33:17 AM
 #12

I am not sure about this particular token but tokens who have expolsive growth + are promising dividends tend to be scams.
Stay away from this kind of projects.
As in case of Bitconnect.
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September 18, 2018, 01:42:38 PM
 #13

Altcoins are wonderful the truth is that you should not judge any altcoin with how good the project is or the platform or exchange that it was found backing it.
jems
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September 18, 2018, 03:16:32 PM
 #14

There is always a big risk in investment. But it will all depend again on choosing to invest, even patience will be the main actor in investment. What I see here is not only the coins you have but almost all the coins are in bad condition.
Fatunad
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September 18, 2018, 09:22:20 PM
 #15

So, about last two months, I bought 10,000 CET at the price of $0.1/1 totaling the sum of $1,000. They were giving some dividends on holding the CET coin as it's been used in the coinex ecosystem otherwise known as a utility token.
Now, before buying this token, I have watched it growth and considering the fact that it is been backed by Viabtc and bitmain. so I thought it will continue to enjoy its organic growth, I felt very happy and comfortable with the token, was hoping to use this in getting more bitcoin as the price increases. But this wasn't the case as the token started dumping, I felt it was just a normal correction, but I was absolutely wrong. Just as I write, my $1,000 investment is currently worth $231. I have loss $769. 

Now, my major concern is: Did the team initially pumped the token to attract investors or they just allow a free fall or is just the condition of the market? My submission is that: Never fall in love with an altcoins. Play stay with boitcoin.
This has been always part of the risk which no matter how good the coin we do saw it doesnt mean the trend of increasing price would continue even its being backed by good companies or any other things but it wont signify a guaranteed potential but its much better to have these preference rather than on seeing none. Most of the time price showup can either be a natural growth or just pure manipulation.It do really just work into those ways.

R


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Dreamchaser21
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September 18, 2018, 09:28:09 PM
 #16

There is always a big risk in investment. But it will all depend again on choosing to invest, even patience will be the main actor in investment. What I see here is not only the coins you have but almost all the coins are in bad condition.
Choosing coins is really important, altcoins is not invulnerable so expect the price to pump and dump because of the market situation. You may find your coin at the bottom but it doesn’t mean altcoins is bad, you just missed the opportunity to take profit.
Jaycee99
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September 18, 2018, 10:55:27 PM
 #17

Love to answer the subject. In my opinion that if you fall inlove and stay with that alcoin and never know how it works and its value changes you go bye bye.

Knowing if will rise needs patients by being updated on every news on what is happening now on that specified altcoin.
This is my suggestion
1. Understanding
2. Have patience but know the alcoin.
3. Study the changes.
4. If the altcoin has no new and value is down sell it, it is time.
Xphenosis
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September 19, 2018, 12:34:41 AM
 #18

Agree with this , always take profit Smiley
Whic one you agree? What a waste of time post.

There's alwàys risky on investment dude have you ever read the terms and risks of the company? Anyways over the last two months too there haven't any altcoins that gone up for good and almost stable, all got bearish even the best altcoins I have in my wallet.



https://www.veritasmining.co/
Oregano012
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September 19, 2018, 03:19:44 AM
 #19

Learn to take profit every up trend , dont be blindly greedy there is always oportunity on other alts
soundrum
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September 19, 2018, 05:35:39 AM
 #20

Inasmuch as your submission is inline for any serious investor not to allow emotion to overwhelm his decision on any token or coin. there is still room for you to make profit from coinex token if you don't rush to sell it off.
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