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Author Topic: Crypto success takes time  (Read 3523 times)
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June 04, 2020, 09:38:47 PM
 #161

In every facet of life, it's has been observe that patient is the key to any success even In academic, business any venture at one point in time patient is required. And also investment like cryptocurrency is also part. As every venture possess his own life cycle don't panic or expect much at introductory stage, wait till growth stage and consider maturity and the likes also. Once you know your investment life cycle like crypto you tends to understand when to buy and sell
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June 04, 2020, 10:21:23 PM
 #162

I don't agree that every coin will go for a huge high like what bitcoin and other coins done so people are investing on those coins only for short term when they are seeing decent profits then they will dump it and this happens with almost every shitcoins that is why they are not recovering even when bitcoin turns into bullish.
There is a reason why people dump pump and dump coins as well as all the token projects when they hit the profit, investment your hard earned money and if you are not getting the results you expect what do you usually do and that is what everyone is doing. You cannot wait for a decade expecting that the project you invested in doing what they started out.
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June 04, 2020, 10:40:26 PM
 #163

I will say most times we need time to get the benefits of some of these project especially when a project is in the developing state. Though there are few projects that made a mark at the early stage but I prefer slow and steady. When a project is solid, with time the community will benefit from it.
A good project can even make the progress became even faster consider they have everything that required to do the development in a short time. You should take a look at how Binance was growing very fast caused by it has very strong team members and good leaders combined with good skill owned by everyone.

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June 04, 2020, 10:58:14 PM
 #164

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
People always just seem to be in a hurry or what we call them is greedy and it is basic human nature and most of them cannot do anything about it but definitely this attitude makes them lose than gaining the most out of an investment so practising patience after entering a good investment is the key.

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June 04, 2020, 11:07:48 PM
 #165

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
People always just seem to be in a hurry or what we call them is greedy and it is basic human nature and most of them cannot do anything about it but definitely this attitude makes them lose than gaining the most out of an investment so practising patience after entering a good investment is the key.

But you have to take into consideration that most projects are created for the purpose of the dev's pockets. So if you wait long time, I don't think you can gain something from it. So you have to be careful in choosing which alt are you gonna hold long time. It is true for dash or monero but all the new alts are very prone to dump as they have no long term goals to start with.
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June 04, 2020, 11:20:07 PM
 #166

Success requires patience, applies to all part of life not only crypto, so i guess everybody already understand this including investors but that doesn't mean developers will now keep hiding under this theory and keep playing with investors funds. Project with a very solid and hardworking team will keep developing everyday till they reach their peak not sitting down doing nothing hoping for results to come automatically with time.

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June 04, 2020, 11:56:14 PM
 #167

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
I don't agree that every coin will go for a huge high like what bitcoin and other coins done so people are investing on those coins only for short term when they are seeing decent profits then they will dump it and this happens with almost every shitcoins that is why they are not recovering even when bitcoin turns into bullish.

I agree with you, not every altcoins are Worth hodling as most of them are designed with juct the intentions to make profit out the market and once they do, they pack up. Most of the major altcoins that he referenced to in the main thread are projucts with real life solution which is not common among new altcoins start ups now
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June 05, 2020, 02:15:49 AM
 #168

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
People always just seem to be in a hurry or what we call them is greedy and it is basic human nature and most of them cannot do anything about it but definitely this attitude makes them lose than gaining the most out of an investment so practising patience after entering a good investment is the key.
It's not only their attitude but basically they have no knowledge about what need to do and why. That's indeed the success takes the time but if the development goes very well and then it takes a short time to give the result.

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June 05, 2020, 07:04:02 AM
 #169

Success takes time but not a forever. There are projects out there which people hold hoping to get back their investments but this won't work because these projects have been abandoned by the developers. Please in investing and hoping for success, invest in quality projects who are concious of their project development. Do not invest in a dead project and expect success.
well indeed there are many cases that often occur like that because of the influence of the developer which is very important to determine the next step how the price of coins at the exchange place, it is better when you want to buy a coin then you should be able to see first how the coin and who is the team behind the project being do it. so that the money you have will still be safe and can make money.
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June 05, 2020, 09:00:55 AM
 #170

I will say most times we need time to get the benefits of some of these project especially when a project is in the developing state. Though there are few projects that made a mark at the early stage but I prefer slow and steady. When a project is solid, with time the community will benefit from it.
A good project can even make the progress became even faster consider they have everything that required to do the development in a short time. You should take a look at how Binance was growing very fast caused by it has very strong team members and good leaders combined with good skill owned by everyone.
Because they work seriously and have no ill intentions. But most altcoins are the opposite, they just want to take money from investors and run away. They can develop their projects to deceive investors, after fulfilling their goals, they will abandon the project and start with new projects.
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June 05, 2020, 09:09:27 AM
 #171

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins

I'm ok with the time and besides all projects have a roadmap that they are following and the time frame is quite longer in developing the project, but the least the developers can do is to update the community from time to time, so supporters will not be thinking that developer is already gone and have no intention of fulfilling the project.

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June 05, 2020, 09:48:23 AM
 #172

I will say most times we need time to get the benefits of some of these project especially when a project is in the developing state. Though there are few projects that made a mark at the early stage but I prefer slow and steady. When a project is solid, with time the community will benefit from it.
A good project can even make the progress became even faster consider they have everything that required to do the development in a short time. You should take a look at how Binance was growing very fast caused by it has very strong team members and good leaders combined with good skill owned by everyone.
Because they work seriously and have no ill intentions. But most altcoins are the opposite, they just want to take money from investors and run away. They can develop their projects to deceive investors, after fulfilling their goals, they will abandon the project and start with new projects.
indeed it is very annoying !, but it only applies to projects that are bad, before you buy a coin it is better to see the fundamentals of the project,
because if you do not see the fundamentals it may be that in the future the project has no future

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June 05, 2020, 09:50:50 AM
 #173

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
Yes I think that you are right and I think that success here in cryptocurrencies is not that easy to achieve and I think that you need so much patience with that and I think that it will be great to have patience always here in cryptocurrencies and I hope that you can achieve your success here by approaching and getting opputunites which I think is great because you can earn so much money with the patience and I hope that people would learn to have patience always becsuse you need to understand what you can do in order to be successful here in cryptocurrencies
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June 05, 2020, 09:56:24 AM
 #174

What you said is absolutely correct. It's hard for a project to succeed in the short term. Not too many bounty hunters can stick with a project because they don't have enough money to maintain it. Besides, a successful project takes many years and at first they often face many difficulties.

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June 05, 2020, 10:19:50 AM
 #175

~
That is why there is a "timeline" into what are the developments of the project in the future and if they fail to follow this time, it may affect their reputation and it can also affect the trust of the investors into the project causing the price of it to drop.

I believe that being a successful project takes time. Even the top coins in CMC right now are still in the development phase to make their coin/token better than it was before. On the other hand, this is why I don't want to invest into new projects too. Many investors are just thinking of profit rather than the technology behind the project itself. Sometimes it is the reverse. Developers are just dumping the coin making it worthless. Either way, the success of the project depends on the developers and also the investors too but I agree that being a successful project will takes time.

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July 09, 2020, 01:06:35 PM
 #176

You are very right, Rome was not build in a day, for any project to make it to the top, alot of time and patience is required, project don't just grow within few days, it needs time, BTC don't start at $9k but the hard work of satoshi push BTC up and those that believes in the development of Btc are enjoying it now.

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July 09, 2020, 01:57:51 PM
 #177

This is very right, the only problem I see with most of us is that we want instant gain, when a coin we are holding starts dipping,could be a retrace, we would rush and sell at a loss and after some days or weeks they same coin will grow above the previous high,we just need to give time to our researched coins to grow.

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July 09, 2020, 02:17:08 PM
 #178

This is very right, the only problem I see with most of us is that we want instant gain, when a coin we are holding starts dipping,could be a retrace, we would rush and sell at a loss and after some days or weeks they same coin will grow above the previous high,we just need to give time to our researched coins to grow.
that's the problem faced by investors or traders who are new to crypto. for those who already have experience in trading in the crypto market naturally they will not panic easily. all ups and downs have a positive side that we can use. we must look for benefits even in the downturn in the market.
bigcash2011
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July 09, 2020, 02:20:10 PM
 #179

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
I have personally experienced this and you can take example from a DeFi based project called synthetix network, after ico they re-branded and took lot of time for development, I have seen their token price struggling below 5 cents for months and now when they have launched all products their token value is also on the go and it is touching $3 right now which is great return considering the lows it had and all this happened in 2-3 years time not instantly.

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July 09, 2020, 03:45:45 PM
 #180

People don't want to give projects some time to grow, they forget that coins like dash, litecoin, Xmr, Bitcoin etc have a rough start, I'm just saying crypto investment takes years, just because a project drop in value doesn't mean they won't grow better in future.

Projects don't just turn huge in a year, there will be lots of volatility and price loss, for long term hold be prepared, if you can't then go for top coins
I have personally experienced this and you can take example from a DeFi based project called synthetix network, after ico they re-branded and took lot of time for development, I have seen their token price struggling below 5 cents for months and now when they have launched all products their token value is also on the go and it is touching $3 right now which is great return considering the lows it had and all this happened in 2-3 years time not instantly.
Synthetix was a hidden gem among the rest and not everyone was able to spot this at the time it was trading very low, newbies are too in haste to make money from crypto leaving behind all the promises on roadmap of the projects, it will definitely take years to meet up on all the future development.

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