Know what you getting into

[abel1337]

This is why whitepaper is existing, If your researching about the project you had your eyes to, Reading the white paper is important knowing that the contents include the short term and long term goals of the project and how they will sustain the product value of it. You won't be panic selling if you are informed about the project's progress and the trust you can give from the project and the team. Trust is important and the investment you will make will be depending on the different factors that you find based on your research basically, On why you chose that project, The plan timespan you can hold their tokens and the update that the team can give to their investors/stakeholders.

Just always do a research before investing and don't be carried away by the hype of projects.

[pixie85]

It doesn't always take time to make money in the crypto space. Surely you've noticed that it goes through cull and bear cycles every few years.

Buy in right before or during the bull cycle and it can take as little as a few days for you to make 50% on your investment.

Of course this doesn't mean that everybody is a winner. This is very much like gambling.

[sana54210]

First of all not many people called ethereum shitcoin, it was actually a decentralized coin that didn't had a centralized ownership that ruined the whole idea. However Ripple is still a shitcoin, being top 5 doesn't mean that you are not a shitcoin, you could become number one coin actually, there is nothing that can stop you, just print out billions of it if you want and if you get enough idiots to buy it, it will become first.

The real trouble begins when the coin ownership is mostly the creators that could sell hundreds of millions of coin whenever they want to and print new ones for themselves, not losing any coins but still having tens of millions of dollars anyway, ripple company has done that multiple times so far and people who believe they could make money from it are people who are looking to scam others or idiots.

[suryapro]

It is very important for investors to do thorough research before investing, some coin is not good for a long time hold, some is not even good to hold for 24hrs, while some must be hold for years to make good profit from it, so doing proper research before planning to invest on any project is very necessary.

[rexxarofmoknathal]

You are right but things have took an unexpected turn in crypto space now, not like the past anymore, ethereum and ripple are old altcoins from serious teams, we have determined team in those days but they are now limited, right now it's safer to always watch new altcoins you keep in your wallet, holding them for long without checking on them can result in big loss

I'm not sure I agree with you that crypto has become unstable, specially in terms of long term holding of coins. ETH like many other coins are going to improve but it will take some time until the market picks up more momentum.

At the moment most coins aren't going through their best times, instead are withstanding the unprecedented toll of the pandemic. This has also been obvious for the traditional stock market, and taking into account BTC price crypto isn't doing bad...

[Kasabus]

It is very important for investors to do thorough research before investing, some coin is not good for a long time hold, some is not even good to hold for 24hrs, while some must be hold for years to make good profit from it, so doing proper research before planning to invest on any project is very necessary.

Yes. We can still find new gems with the present times but it would be very hard for us since thousands of new coins are coming into the market every now and then. But with the help of a good research, everything is possible. Just be patient in everything you do so you will not end up in a losing part particularly that this crypto market is so much unpredictable.

[Maslate]

We should be realistic, understand that we are taking a huge risk when investing in crypto, and with that, we should be ready to lose.

Consider investing here as gambling that anytime our investment could go zero or worthless, but it could also change our lives like those early investors of the coins you've mentioned. The market has its time, and when that time comes, that would make the market so attractive for others to invest but if we position ourselves early, we can be one of the early investors who can make a fortune investing on "shitcoins" now.

WHO KNOWS WHAT THE FUTURE WOULD BE, LET'S GAMBLE.

[dunfida]

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

It would be an another different story since it wont really be easy to spot out several coins that are just the same when ETH and XRP did come out into the market.
Consider that time which theres no much coins that had existed plus the fact that these coins does really have  that real life usage and the rest of projects are just
using up this platform and creates thousands of shitcoins using the same blockchain. When you do tend to see most of the top ranking ones then you can spot out
that most of them are on different chains and beyond the line then all of them are just copycats but luckily able to  get some part of the market share.

[Chuky92]

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

I agree with you, it takes patience to keep going in this space most especially when someone invest in what (or coin) he believes in and it ends up going the wrong way. But however, the fact still remains that one must carry out enough research on whichever project he wants to invest in so that he can reduce the chances of going for shitcoins. Yes, shitcoins keeps coming up everyday starting with majority that copies other projects idea, imagine such a project and what the future will be. So in all things, losses might occur but going for the good coins will help to reduce these losses.

[Perfect35]

It is very important for investors to do thorough research before investing, some coin is not good for a long time hold, some is not even good to hold for 24hrs, while some must be hold for years to make good profit from it, so doing proper research before planning to invest on any project is very necessary.

Not every altcoin is able to survive for a long time. It will be hard for you to now find a new altcoin that could scale through or get passed the projection on its roadmap. Even before to gets there, some hitches and challenges would have affected it, because most of the laid down intentions cannot be feasibly achieved by the team. So individuals should identify some f the important factors that could limit the growth and that could g=cuse eventual death of the project. Also, there should be a continuous followup.

[maxreish]

Just because someone here say a particular coin is useless before doesn't mean that it won't progress and is not worthy to invest. You  can see dogecoin for example, it was laughed by many investors because it just came from a joke and meme but look at that coin now. Many are still holding and investing into it that makes that coin still surviving until now.

While other coins seems to be shitcoin until now, but there are plenty of crypto coins out there that was misjudged but still has potential.

[Fundamentals Of]

It does not only take time. Time may or may not be on your favor.

If it is only about time, then you can hodl coins for the longest time possible and make money. But while Ethereum (ETH) and Ripple (XRP) ended up profitable, Boobscoin and Trump Coin died.

 Yes, I'm talking about bitcoin.

Of all the several thousands of altcoins or even all of them combined, nothing can beat the one which started it all.

What I'm saying is that more than blind hodling, you really need to make a careful and thorough research.

Research is the best way through success, you ain't just here to put money in a coin that you think might get you a profit, you are here to secure your profit in coins that has the potential to the market. You won't do less than researching, that's all you need.

Of course we are also here to secure a profit. But that does not sound too nice to me. We are here first of all to support the crypto objective. I'd still probably buy Bitcoin even if it were not really a profitable currency to hodl. At least it is not eroding its value unlike fiat.

[Reatim]

It doesn't always take time to make money in the crypto space. Surely you've noticed that it goes through cull and bear cycles every few years.

Buy in right before or during the bull cycle and it can take as little as a few days for you to make 50% on your investment.

Of course this doesn't mean that everybody is a winner. This is very much like gambling.

And of course you also Knew how hard to find where the Bull is perfectly coming because if people here knows when was that?then for sure all of us are richer every Bull market.

But the main concern is for one to profit there must be another one that should Lose thats the cycle of market mate.

So in the end?it is the lucky and skilled always win.

[bangdol]

And of course you also Knew how hard to find where the Bull is perfectly coming because if people here knows when was that?then for sure all of us are richer every Bull market.

But the main concern is for one to profit there must be another one that should Lose thats the cycle of market mate.

So in the end?it is the lucky and skilled always win.

lucky and skilled always wins. yes, you are very right. luck and skill in seeing opportunities in the market are the keys to victory for crypto traders and investors. many people know separately to analyze projects and markets. but sometimes they are unlucky when all the analysis is broken by market conditions.

[Dhoe]

And of course you also Knew how hard to find where the Bull is perfectly coming because if people here knows when was that?then for sure all of us are richer every Bull market.

But the main concern is for one to profit there must be another one that should Lose thats the cycle of market mate.

So in the end?it is the lucky and skilled always win.

Crypto world is always full surprises, sometimes coins that we think are worthless but in the end they become the biggest coins. Instead coins we see are very interesting but end up scam or worthless on the Exchange, this is the Crypto world. The Bull and Bear Cycle is a cycle to be able to get profits for traders, you should be able to see opportunities in each these cycles.

[havoc928]

And of course you also Knew how hard to find where the Bull is perfectly coming because if people here knows when was that?then for sure all of us are richer every Bull market.

But the main concern is for one to profit there must be another one that should Lose thats the cycle of market mate.

So in the end?it is the lucky and skilled always win.

lucky and skilled always wins. yes, you are very right. luck and skill in seeing opportunities in the market are the keys to victory for crypto traders and investors. many people know separately to analyze projects and markets. but sometimes they are unlucky when all the analysis is broken by market conditions.

Totally agree! The most important thing to be successful in this cryptocurrency market is that you have to acquire a lot of knowledge, skills, techniques. IN that way, you can have the ability to analyze the market and make decisions based on those analyses. Furthermore, besides having those, you should have a little bit of luck! Sometimes luck does help!

[Bezobraznike]

Just because someone here say a particular coin is useless before doesn't mean that it won't progress and is not worthy to invest. You  can see dogecoin for example, it was laughed by many investors because it just came from a joke and meme but look at that coin now. Many are still holding and investing into it that makes that coin still surviving until now.

While other coins seems to be shitcoin until now, but there are plenty of crypto coins out there that was misjudged but still has potential.

   This is why it's important to make your own research! You can decide to trust some project now, where team members are
working hard, and that project can be great in the future. There're people who give advantage to well-established coins, and I
understand that, but there are small projects with great ideas, they need more development, they need more supporters, but
it's why their price is low, but with time more people will join, the project will be better and the price will rise. The same happened
to Bitcoin, Ethereum, and all others, in the beginning all of them were small at first.

[New_order]

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

Good advice but do not blind hold new altcoins, there are still few risks involved locking them away in your portfolio

1. Teams might decide to move into another blockchain
2. Swap might happen
3. Algorithm can get changed sometimes which can require wallets updates
4. Big pumps can happen while holding the coins and tokens away in your wallet, you will lose opportunities

[Dr.Osh]

whatever speculation is out there, we will all risk each other. so, it is very important for us to know that it is the best investment for our finances in the future. maybe some people disagree with the opinions we have, but we don't need to agree with them to make an investment. if you see an opportunity there, then you need to take it. if you take everyone's decision, it will not be a good decision for you.

[Dariusburst]

Understanding matters a lot in everything we want to do, before jumping into any thing you've never know before make sure you learn and understand it very well, do not take stupid risks because it will lead to loss and you will still come back to learning in the end unless you decide to walk away, learning first earning later