Why invest on a project because someone said they are good?

[Malam90]

Maybe your friend believes in LCC coins and doesn't know the benefits and developers in it so he can't answer.
The important thing is that we already know that LCC coins are not top-tier coins, so I don't think it's good to invest there even if you have done research on the coins that won't make you invest there.

Right, some investors invest in coins which he don't know or don't do any research before investment. They buy because they believe this coin is good and people have demand but they are investors on no research. Thats why he believes LLC coins.

[rutherford]

In this group we can all exchange income in talking about crypto coins, of course there are negatives and positives about giving opinions. With this group, in my opinion it is very useful to share knowledge and provide benefits in making decisions in terms of investment.
In your case you have to research what you need, for example about the price of crypto then you have to filter the opinions and ideas from friends.

[Wysi]

Many of my friends recommend investing in investment projects that they think are good and profitable. But I am still hesitant to follow it. I always learn to analyze investment projects before following them so they don't get caught up in fraudsters' projects.

Do not ever just believe when others say the project is good, need analysis first, to decide whether the project is good or not.

We need to take a call after doing our research and honestly even I have referred some of the projects to my friends which were flop even though they had great team and potential to prosper and the whole intention was to help them but ended up in distress. It's better to take suggestions but do your own research before investing.

[tinyteapot]

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

It is a natural phenomenon that someone have to inform you about an investment before you can be aware of it, it could be by the words of mouth, newspaper, television or any online media.

I remembered the period of ONE coin and other of  such project, i will not dig much into LCC but there is nothing bad if someone introduce you to a good investment.

[ethereumhunter]

Maybe your friend believes in LCC coins and doesn't know the benefits and developers in it so he can't answer.
The important thing is that we already know that LCC coins are not top-tier coins, so I don't think it's good to invest there even if you have done research on the coins that won't make you invest there.

Right, some investors invest in coins which he don't know or don't do any research before investment. They buy because they believe this coin is good and people have demand but they are investors on no research. Thats why he believes LLC coins.

He will regret it to follow the other people's suggestions without research because only with research, we will know if the coin will be profitable or not. If he can suggest his friend to analyze and research for that coin, I think he can save his friend from the unknown coin so he can decide to continue to invest or not. But if his friend doesn't want to listen to his advice, then let him choose what he wants, and we will see what will happen later to him.

[VDraci]

For a starter like newbies its not bad to learn from others, its part of finding your way in crypto world but you have to be smart and make sure that what anyone tells you is real, what makes a project so good is their usefulness, you can find answers yourself

[Google+]

For a starter like newbies its not bad to learn from others, its part of finding your way in crypto world but you have to be smart and make sure that what anyone tells you is real, what makes a project so good is their usefulness, you can find answers yourself

Novice traders will indeed find a lot of temptations and many people who try to plunge you into the wrong and incorrect way, from beginners like you should be able to produce a lot of experience because you can find the best way to trade and invest in a good and right.

[Inkdatar]

For a starter like newbies its not bad to learn from others, its part of finding your way in crypto world but you have to be smart and make sure that what anyone tells you is real, what makes a project so good is their usefulness, you can find answers yourself

Not bad to learn from others but a newbie should also research about the project not relying from others. It is best for anyone to make an assessment if the project could gives a profit. Not just by a statement from others because sometimes it gives a false hope so we should not easily trust someone when it comes to investing your money.

[bonyaserg]

Yes, I completely agree why invest in the project when someone said that the project is very good. Personally, I think in order to start participating in the project, you first need to figure it out yourself and not be lazy. And then the picture of this project will be clear. It is worth investing in this project or not. So now draw your conclusions; you do not need to invest in those projects that will not bring profit. You need to properly analyze the market and calculate all the ways to increase profits.

[wildan88]

For a starter like newbies its not bad to learn from others, its part of finding your way in crypto world but you have to be smart and make sure that what anyone tells you is real, what makes a project so good is their usefulness, you can find answers yourself

Novice traders will indeed find a lot of temptations and many people who try to plunge you into the wrong and incorrect way, from beginners like you should be able to produce a lot of experience because you can find the best way to trade and invest in a good and right.

yes that I have experienced when I was a beginner, there were some people who recommended an investment, then I joined and got a scammer.
as much as possible you get direction from your friends who know enough about crypto, because other than that, they have bad intentions because this is a matter of money, where everyone will be greedy.

[AbuBhakar]

Yes, I completely agree why invest in the project when someone said that the project is very good. Personally, I think in order to start participating in the project, you first need to figure it out yourself and not be lazy. And then the picture of this project will be clear. It is worth investing in this project or not. So now draw your conclusions; you do not need to invest in those projects that will not bring profit. You need to properly analyze the market and calculate all the ways to increase profits.

When we do invest just because someone said it is not a good decision and we must not blame those who said it to us because its our decision to make it realize if it's really worth investing. As newbie before I only listened to others but now I learned my lesson and so far Im proud I took time to study those projects.

[key4co.in]

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

If someone says a project is good, be it an influencer, it's no guarantee that you will make profit when you invest in it. Most times influencers are paid to shill or do a positive review about a project. It's left for investors to do their own due diligence properly, the info gotten from others should just be a clue about the project and not an investment advise.

[HabiebRiziq]

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

Don't be too trusty even though your friends invite you to invest in the project. do your own analysis / research better, so there's nothing to blame later on. your friends invite to invest, make it as a reference source or reference material, and do your research independently. Keep in mind that from 2018 is a scammer trend and until now crypto-world is looking for a solution about it.

It is true what you say that for now there are many scam projects and it is not easy to believe what your friends say, because sometimes your friend just wants to see how the project will proceed and makes us a reference for him to judge how the project is, and when he finds that the project is good and continues to grow then he will start to join but when the project looks a little stunted or has problems then he is looking for other projects and you can't blame your friends.

[jhonjhon]

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

We can't blame them, the analyst may have been very persuasive when he invites your friend and his a newbie I suppose, considering that he is new and is not exposed to cryptocurrency world then he will definitely go with the hype and invest in that coin. Newbies tend to get easily amazed with everything good presented to them so they will go ahead and grab the opportunity.

[tracey77]

That's the worst thing, people blindly buy hyped cryptocurrencies and invest in worthless projects. Especially now, when there are so many shitcoins everywhere. Always follow your experience and do your own research and analyze the market.

[Colt81]

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

I think you better make sure that everything will be okay if you invest your money in projects that your friend offers you because not everything in cryptocurrency will be good from the start that there are times it will only be good from the start, but in the end everything will not be fine that it will not profitable anymore and you will end up having huge losses. That is why you should make good decisions before you invest your money.

[robelneo]

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

There are so many like your friends here, they rely upon the advice of these so-called experts, they don't want to blame themselves if anything goes wrong, but at the current condition of the market, advice coming from the experts is not a guaranty anymore, we have seen how these experts from ICO rating failed us so many time, people should do their own research and compare their findings from the experts.

[mrdeposit]

A friend from my street came by today to tell about a coin named LCC (Litecoin cash) and he told me he has already invested on the coin, i asked him what makes him invested in it, like what is the real use case of the coin and he have no straight answer, after a while i found out he invested in the coin because of what a analyst said about the project, are there people like this on here? after so many scams since 2018? i decide to do few diggings and i see that LCC is not that bad but my point is why invest on a project because someone said they are good?

When your friend invests in a project, you do not have to follow him, even, if this investment is just someone's proposal. Gain or loss affects only your pocket, not someone who gives you any advice. If so, why not trade smartly?

[alexsandria]

We cannot deny the fact that we easily trust words. We grew up being told stuff we easily grasp and do. However, the case of your friend is that it ends with such mean. He trust right away. He seems lack of knowledge about fraud project. He might be thought that such man are full of facts. Though it ain't bad to trust other people, the thing is we must do a research after what been told to us, and later to decide which in your friend's situation, he didn't.

[cryp24x]

It is not bad to get advices from a friend especially when you trust him. But still, it is your call and decision because it you money anyway. Some analysts will serve as our guide but we need to make some research and as you said, some digging on what coins or tokens to invest.