Bitcoin Miners
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Roobet
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July 21, 2020, 07:48:26 AM |
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Choosing top coins and hold them for a long time just also can fill your bag and I think it make you be more comfort and safe if choosing the other risker projects.
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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maxreish
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July 21, 2020, 08:06:57 AM |
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True, everyone tells you: "buy any coin on the top of CMC and you will be fine" but I have to disagree with that. It was never bad to be picky even in a discount time like this cause it was your hard earn money after all. Only invest and fill your bag with some coins really good. How can you determined that the coin is good or not? Well, those on the top list in the CMC were actually the most picked, most established and have a good reputation in crypto space. That is why most of them suggested to just invest and buy in the top lists. However, with regards to the projects, choosing the good ones meaning they have been doing some improvements, developments and they have a good use in crypto is the project's worth to support and invest. Not just we filled our bags with useless coins but we shall also see how this project is working until now.
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havoc928
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Decentralized Ascending Auctions on Blockchain
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July 21, 2020, 08:33:15 AM |
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True, everyone tells you: "buy any coin on the top of CMC and you will be fine" but I have to disagree with that. It was never bad to be picky even in a discount time like this cause it was your hard earn money after all. Only invest and fill your bag with some coins really good. How can you determined that the coin is good or not? Well, those on the top list in the CMC were actually the most picked, most established and have a good reputation in crypto space. That is why most of them suggested to just invest and buy in the top lists. However, with regards to the projects, choosing the good ones meaning they have been doing some improvements, developments and they have a good use in crypto is the project's worth to support and invest. Not just we filled our bags with useless coins but we shall also see how this project is working until now. True! Even with the CMC lists, we can't have enough funds to invest in all of them. Among those top listed coins, we still have to make a decision to invest in some of them. Then, how could we determine which one is better than another? You're right that we should look at what the project is doing and how it is doing. Investing just by simply looking at their trading volume can not be so accurate!
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Squezzi55
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July 21, 2020, 08:37:52 AM |
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True, everyone tells you: "buy any coin on the top of CMC and you will be fine" but I have to disagree with that. It was never bad to be picky even in a discount time like this cause it was your hard earn money after all. Only invest and fill your bag with some coins really good. How can you determined that the coin is good or not? Well, those on the top list in the CMC were actually the most picked, most established and have a good reputation in crypto space. That is why most of them suggested to just invest and buy in the top lists. However, with regards to the projects, choosing the good ones meaning they have been doing some improvements, developments and they have a good use in crypto is the project's worth to support and invest. Not just we filled our bags with useless coins but we shall also see how this project is working until now. True! Even with the CMC lists, we can't have enough funds to invest in all of them. Among those top listed coins, we still have to make a decision to invest in some of them. Then, how could we determine which one is better than another? You're right that we should look at what the project is doing and how it is doing. Investing just by simply looking at their trading volume can not be so accurate! Then I pity those who invest in coins because if their trading volumes on exchanges, I've seen coins that have over 1 million dollars trading volume and after few months it turns hundred thousand trading volume, better be wise and choose coins with utilities that will survive in crypto space
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Ceyflix-Rez
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$CYBERCASH METAVERSE
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July 21, 2020, 10:27:37 AM |
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There have been so many posts on the forum suggesting that it is the right time to fill your bag, I quite agree but then, you need to fill your bag with caution. There are so many projects that are dead already but pretending to be alive using the bear season as an excuse for now. The team behind most of them are just looking for a way to dump on you trying to make you understand that they are working round the clock to develop the project, a project they have all the time to develop in the past but could not, now they want to develop, hmmm, what a way to full the people.
The bull run will surely expose all of them, trust me, some of them are smart enough to understand this and that is why they are trying every means to fool making unrealistic promises in order to dump on you.
My candid advice, before you invest in a project ask yourself; 1. What are the benefits of this project to the world and the future? 2. In the next 2 to 3 years, will the working product still be relevant? 3. Who is the targetted audience? Do the targetted audience really need this innovation?
The target audience is always the public that's why means of payment utility will be the best use case in crypto space, followed by exchanges tokens, I will like to advice newbies to stay away from useless use cases that aren't needed on the blockchain
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masterrex
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July 21, 2020, 11:41:12 AM |
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Thats the best thing to do, since crypto investment is a volatile kind of investment thats why we should deal cryptocurrency with caution and if we decide to buy and hold any cryptocurrency we should consider to study first about that project before investing, fill your bags with caution is a must-do to prevent or minimize the risk of losing our hard-earned money. and I agree with all of you mentioned it's very useful to educate new investors before investing in a particular crypto project.
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103deltafox
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July 21, 2020, 12:47:05 PM |
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You are very right, so many people filling their bags,but what they don't do is Checking the use case of the coin or token they are buying, it is good to research on the project you are holding, so that even in dip you don't have to worry and besides so many scampeojects,so be very watchful what you fill your bags with.
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Mighty_crypt
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July 21, 2020, 01:25:03 PM |
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True, everyone tells you: "buy any coin on the top of CMC and you will be fine" but I have to disagree with that. It was never bad to be picky even in a discount time like this cause it was your hard earn money after all. Only invest and fill your bag with some coins really good.
Scam coins make it to coinmarketcap nowadays, that's not a big deal, this is different from listing on binance as it doesn't cost a thing, if the advice was 'buy any coin that's listed on binance' I would have agree, coinmarketcap doesn't guarantee the future success of a project
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isaac_clarke22
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July 21, 2020, 01:36:19 PM |
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~
Looks like the bull run won't come anytime soon so the exposure of these crappy projects won't appear anytime soon. They're like hiding in the bushes right now grabbing the moneys of investors treading around CoinMarketCap. I believe that people don't really just invest that much of a time to the three guidelines that you mentioned, and that's why there are still simply people getting scammed. True, everyone tells you: "buy any coin on the top of CMC and you will be fine" but I have to disagree with that. It was never bad to be picky even in a discount time like this cause it was your hard earn money after all. Only invest and fill your bag with some coins really good.
Scam coins make it to coinmarketcap nowadays, that's not a big deal, this is different from listing on binance as it doesn't cost a thing, if the advice was 'buy any coin that's listed on binance' I would have agree, coinmarketcap doesn't guarantee the future success of a project I read before that Binance already bought CMC. Do scam coins still make their way there? Seems like reputated exchange won't help reducing scam coins,huh.
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andycarrol
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July 21, 2020, 02:19:03 PM |
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Thats the best thing to do, since crypto investment is a volatile kind of investment thats why we should deal cryptocurrency with caution and if we decide to buy and hold any cryptocurrency we should consider to study first about that project before investing, fill your bags with caution is a must-do to prevent or minimize the risk of losing our hard-earned money. and I agree with all of you mentioned it's very useful to educate new investors before investing in a particular crypto project.
indeed before investing in a project or in a coin you should be able to see what is developed and what products are its advantages because what I know of the age of circulation of cryptocurrency including the price of cryptocurrency depends on the interest, so choose a coin or project that really has the potential .
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kentrolla
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July 21, 2020, 05:04:32 PM |
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Before filling plan for long-term also Invest in top coins because there are so many projects which are dead, it's better to go with some popular coins to be in a comfort zone.
I feel this is not the right time to buy and fill coins because the price of BTC and alts are stable now, we need to focus only if the price of crypto coins ho down until then Wait, wait, wait..
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Captain Corporate
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July 21, 2020, 06:54:28 PM |
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I believe there is really no need to fill your bag that much, you should be basically doing what everyone else does and do a huge reasonable portfolio that would be basically almost all bitcoin (look at the domination) and others. I for one would prefer a portfolio based on domination, do not put in all the other idiotic small ones, but like get the top 20 which are in the rankings and in order to decide how much of your portfolio they should cover, just focus on the domination and you are good to go. Obviously remove USDT if you want or keep it, that depends on if you want to have anything pegged on fiat or not, if you want it you can keep it too, I personally would remove it and not because I do not want fiat but because I do not trust Tether as a company.
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serjent05
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Cashback 15%
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July 21, 2020, 07:07:01 PM |
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My candid advice, before you invest in a project ask yourself; 1. What are the benefits of this project to the world and the future? 2. In the next 2 to 3 years, will the working product still be relevant? 3. Who is the targetted audience? Do the targetted audience really need this innovation?
These are good pointers but you forgot the most important part about the project. This can be answered positively and yet investors are still at a high risk of losing their investment why? Because the most important part is the developer. Are they able to deliver the project? Are they legit or true people? Are they competent enough to plan and compete in the market? This all about the project plan is good but remember they are all in writing only unless delivered by the developer. A genius project plan without any means of realization is still a failed project.
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fullhdpixel
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July 21, 2020, 10:19:40 PM |
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I feel like there is definitely some way that we could make a portfolio decision that would help everyone, its not easy and it would take some time but if you could remove all the centralized currencies like BCH, BSV, XRP and if you pick coins like BTC, ETH, MONERO, LTC and so forth, you could actually make a good portfolio.
Now personally I do not like litecoin for example, or maybe you would not like eth, everyone has their own things but in the end if we could find coins that everyone actually trusts we could totally make a portfolio together, not coins that we think that will go up or go down or anything, we just need to pick coins that we "trust" as in we do not think it will be a scam or shady thing then we could definitely build an awesome bag for ourselves.
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Nesbee2
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July 21, 2020, 10:40:49 PM |
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Caution is very important in buying or filling your bags with altcions , make sure you have research enough and found that the project is worth investing in before you go bagging. Do not just buy because others are buying.
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Oikos◆ | Decentralized Finance on Tron https://oikos.cash/
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akitha
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July 22, 2020, 05:26:47 PM |
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this is true.. most of the dead coins or the so-called shitcoins are alive at the moment. they are trying to lure some investors or crypto enthusiast in their project. we need to do our deep research before investing in one project
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Axelseseclevz
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July 22, 2020, 05:46:47 PM |
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Yes,that's right,fill your bag with caution or else you will lost your investment. Be careful always and do a research very well before buying a coins which you think will give you great profit someday. Many people are already invested in a project that was good at the start but after a few weeks or months the project team disappeared until the project become dead.
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vvu351
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July 22, 2020, 06:27:15 PM |
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Yes,that's right,fill your bag with caution or else you will lost your investment. Be careful always and do a research very well before buying a coins which you think will give you great profit someday. Many people are already invested in a project that was good at the start but after a few weeks or months the project team disappeared until the project become dead.
Nowadays, it is difficult to choose promising coins at a good price. This is because many coins have shown 100-500% growth in recent months. I think it's best to buy Bitcoin or Ethereum for now.
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davinchi
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July 22, 2020, 07:11:57 PM |
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Nowadays, it is difficult to choose promising coins at a good price. This is because many coins have shown 100-500% growth in recent months. I think it's best to buy Bitcoin or Ethereum for now.
You mean promising coins are not available for cheaper? But then they are having potential to grow further I guess the current market prices are not a constraint to buy and hold them. I'm not saying most altcoins are growing up to 500% in recent times but few coins like ada and chinlinks are outstanding with their performances in recent times. Yes, it is always good to buy bitcoin and few other highly known altcoins regardless of where they are trading right now. Most especially is the habit of investing with caution as poster as poster said above. Make due and diligence research before investing in any project and also invest what you can afford to lose.
OP is trying to convey the same . By caution, they are referring the procedure of due diligence. It is not easier for anyone to identify highly potential altcoins to invest right now. At the same time, this must be very good time to get into crypto space because we are at the verge of beginning of another massive bull run. After the recent bitcoin halving, we are all expecting this crypto space to get into bullish trend but ongoing pandemic is blocking that probably. If there is no worldwide economic slowdown happening then we might be getting lots of new investors by this time who are the main reason for moving this crypto space positively.
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Balladtony77
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July 22, 2020, 07:49:18 PM |
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It's why I've always try to differentiate the difference between use cases, not all use cases will survive on future, some are not even needed to be on blockchain but because the team want to raise money they will bring too good to be true use cases to fool investors, we really need to be careful
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