Know what you getting into

[filterMX]

It's very important to do thorough research before even thinking about investing in any coin, be it new or old, notwithstanding the hype around it or marketcap. I remember losing funds when ENG had sec issues. It happened when I bought the dip without reviewing the root cause of the dump. For new coins especially, if you won't do proper research, do not invest. If at the end you decide to invest after seeing team credibility and other good factors, do not be so fast to dump it in loss if it's long term investment.

that's right, because many beginners panic when prices go down so they rush to sell their assets without careful consideration and further analysis.

[1714824262]

1714824262

[1714824262]

1714824262

[1714824262]

1714824262

[1714824262]

1714824262

[1714824262]

1714824262

[trauchot]

I agree, there are many interesting new cryptocurrency companies in which you can invest both for the long term and for the short term, but of course you need to seriously study every cryptocurrency company in which you want to invest in order not to fall into a scam company.

[rodskee]

I agree, there are many interesting new cryptocurrency companies in which you can invest both for the long term and for the short term,.

There are many available to choose around the market, both new projects and old
projects are available to check out.
You can see from time to time that there are new one that popping up with good
promises that entice investors interest.

but of course you need to seriously study every cryptocurrency company in which you want to invest in order not to fall into a scam company.

This is very important since the market have volatile nature, you need to properly do
your research and assess more carefully
before you start investing your money, it avoids you to lose your investment and gives
you higher chances to earn decent profits.

[konflikkastil]

Cryptocurrencies is not a thing you can just dive into and expect money to start flowing into your account immediately. It's never going to happen, Rome was not built in a day. It's a gradual thing and knowing how the crypto market works. Cryptocurrencies is an investment that needs proper monitoring, how the study of how the cryptocurrencies market work. Sometimes, you involved in some projects that will later do well or later to to shit. But if you know the market so we'll, you will be able to study every altcoin carefully.

[Synerggy]

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.

Just my kinda advice for newcomers, good luck and happy hunting

This is a very good advice for Newbies, many newbies are in for fast money making this days, they don't care about doing research or learning first, all they want is pump or a coin that can get them rich in few months which to me is not that possible, you can't progress in crypto space without learning

[FanEagle]

Time changed everything, in 2009 no one ever believed that bitcoin will have any real value but now it is the most expensive currency in the world which can be applied to the other few crptos as well but now we lost trust on the new projects due to scam and useless projects.Hardly anyone making money from new project in the long run so don't apply the same strategy here, just change your strategy with current market condition.

Yes, ethereum's case must be unique and we cannot take it as an example for every other new coin or token. OP must be missing the point of how many other coins had failed which were introduced along with ethereum. I mean, there might be at least 1000+ projects got introduced and among them only 1 or 2 coins got chances to survive till now, so, for not missing once coin like ethereum, we must need to risk at least in 100 coins after filtering out rest of 900 projects.

Here we must need to consider the time required to analyze 1000+ projects every year. That must be massive amount of efforts which cannot be possible for most individuals and even we have this forum for the same exact purposes; people do here recommend where they got affiliated or what has paid them to promote.

You can see from time to time that there are new one that popping up with good
promises that entice investors interest.

I guess we do not need to follow and do not need to invest with them as new good projects will keep popping and we cannot switch over more frequently like by 2015 LTC was hot altcoins and by 2017 ETH replaced that and now might be the time for another one to replace ETH. I hate these switching; I love to be a long term holder how I do with my BTC since 2014.

[coinfinger]

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.

Just my kinda advice for newcomers, good luck and happy hunting

Someone posted here that he bought some tokens at $0.01 and was targeting to sell the tokens at $0.03, but he waited for years and instead of increasing, the market kept decreasing till now and then climbed to $0.02, so he had to quickly. The funny thing was that after he sold the tokens at $0.02, it then moved to $0.03. luckily for him he was able to make profit, but imagine he had patience. Some people don’t like holding coins for long, they lose hope once those coins don’t increase after a long time.

[coinswebid]

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.

Just my kinda advice for newcomers, good luck and happy hunting

yes, deep research before investing is the best way to reduce the risk on crypto investment
and we must believe to our personal research rather than the suggestion from the other people my friend

[abeecrypto]

Patience is a virtue anybody entering into crypto should have. Let’s say it’s one of the critical virtues to have. Imagine doing all the necessary research, and investing in a coin you foresee to be of great value, but because of impatience you get to sell early and lose the chance to make more profit. If you believe in a project or coin, having done your research, invest in it and let it breed the right profit for you. Patience!

[jahepahit]

Time shall tell if a project is really what investing and hold for a while. You have said rightly nothing is assured so risk only what you can afford to lose.

[uneng]

Time changed everything, in 2009 no one ever believed that bitcoin will have any real value but now it is the most expensive currency in the world which can be applied to the other few crptos as well but now we lost trust on the new projects due to scam and useless projects.Hardly anyone making money from new project in the long run so don't apply the same strategy here, just change your strategy with current market condition.

Yes, ethereum's case must be unique and we cannot take it as an example for every other new coin or token. OP must be missing the point of how many other coins had failed which were introduced along with ethereum. I mean, there might be at least 1000+ projects got introduced and among them only 1 or 2 coins got chances to survive till now, so, for not missing once coin like ethereum, we must need to risk at least in 100 coins after filtering out rest of 900 projects.

Here we must need to consider the time required to analyze 1000+ projects every year. That must be massive amount of efforts which cannot be possible for most individuals and even we have this forum for the same exact purposes; people do here recommend where they got affiliated or what has paid them to promote.

It's true, eth case was very unique, and that is because it had a practical difference when compared to other crypto currencies, even to bitcoin: the smart contracts platform that made it possible for many other developers to create their own projects through it.
That means if a crypto currency brings a new feature or technology to the public we should take it into consideration when investing, because there are serious chances it's a solid idea that will have great acceptance on the market. But it's not the case of 90% of the market, as you said.

[angrybirdy]

Making ethereum and xrp as an example is what we really should understand and realize that even if there are some people who say that a certain coin is a shitcoin we should still make our own judgement whether it is really a shitcoin or not.

[nicedreams]

I think you're a bit positive when there are also plenty of fail cryptos too. You won't know about those failures since they weren't able to make to CMC so please don't lump rthereum and ripple together as shitcoins. There were never bad as shitcoins back then.

[Savemore]

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.

Just my kinda advice for newcomers, good luck and happy hunting

Someone posted here that he bought some tokens at $0.01 and was targeting to sell the tokens at $0.03, but he waited for years and instead of increasing, the market kept decreasing till now and then climbed to $0.02, so he had to quickly. The funny thing was that after he sold the tokens at $0.02, it then moved to $0.03. luckily for him he was able to make profit, but imagine he had patience. Some people don’t like holding coins for long, they lose hope once those coins don’t increase after a long time.

He got lucky after all because it is not always the case especially what happened to me, I bought in an ICO before where its price is $0.5 per each and when it got listed its price became $1 per each but because of my greed, I decided to hold it. Today the coin is now being delisted in many exchanges and I really regret it but I already accepted it and it is lesson learnt from me. I will never do it again and I will make sure that I will control my greed.

[Gotumoot]

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.

Just my kinda advice for newcomers, good luck and happy hunting

We should all know it and don't be jealous of the success of other person you don't know what they have been in order to achieve what they have now.
Don't think that they achieve it in such a short time or in an easy way we all know that success takes time so you should learn to accept all of your loss and take it as an experience to be better in what you do.
Some of the crypto are just waiting to shine out so don't easily fall for the pump and dump and don't panic whenever the price collapse.

[CashbackLover]

1. Find a coin or token with a really good use case
2. Hold even if it loses value, ethereum and Bitcoin losses value too before making it this far
3. Still don't invest all what you have, it's better to use diversification
4. Also have more than two altcoins in your wallet

The only mistake people do make when picking coins is lack of their concepts, they have to complete understanding of what the coin is going to fix

[andycarrol]

Making ethereum and xrp as an example is what we really should understand and realize that even if there are some people who say that a certain coin is a shitcoin we should still make our own judgement whether it is really a shitcoin or not.

ethereum and XRP are the right choice for long-term investment and can be a very smart choice because these two altcoins have the potential, so don't miss the golden opportunity to have ethereum and XRP.

[BintangBuleun]

some people called Ethereum and ripple a shitcoin years back,

Maybe you need to ask further or mention more clearly about "some people called Ethereum and ripple a shitcoin years back", and provide information about "shitcoin". It is illogical if someone says that Ethereum and Ripple are Shitcoin. Because they are coins that are top level. Even people say that Dogecoin is also part of Shitcoin. Don't give a Shitcoin label at a low price, this won't bring profit to traders or holder.

[LogitechMouse]

It takes time to make money in crypto space, some people called Ethereum and ripple a shitcoin years back, what happened to this coins today? They are big enough to be on top 5 lists, you can still spot new gems but It depends on how good you are with research and most importantly, nothing is guaranteed in this space, loses will come, if you don't put in some patience you will be forced into panic mode and that's all it take to freak out and sell for loss, understand what you getting into, it's not impossible but definitely not a straight road.

Just my kinda advice for newcomers, good luck and happy hunting

Being a successful coin in crypto space is like being a successful in any business. It always take time.
Some are lucky to be a successful one while most of them are ending up being a shit or just ending at a loss. Same with crypto especially those altcoins. It always take time to be a successful one. When Bitcoin isn't that popular, people are just ignoring it. Now that it is getting popular, people are buying it and holding or trading. Same goes to altcoins but only a few selected altcoins.

My advice is that, just invest into altcoins that have been there for a long time already because it has a lower risk but low to mid reward in mid to long run if you are just a newbie. Another is always be ready in any consequences that you might face because in investing, loss is inevitable especially if you are a newbie. Do a deep research and trust the coin you are holding and always set a plan A and plan B on that coin.

[timmmers]

Do you know what is one of the biggest crypto problems? That all of you are finding new and new hidden gems, but why not invest into proven projects that already have a working product? Do you rather invest into nice promises that are written on a piece of paper?