isaac_clarke22
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July 21, 2020, 01:40:18 PM |
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I wish I could drop a merit for this one. In #9 to add it up, check their repositories if they're actively working on the project. I've seen some having their first repository in a month then seems like it is going forever to have another repository. For the utility cases, check their WPs.
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Docbee
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July 21, 2020, 01:46:22 PM |
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Many members must have spread this countless time on this forum before, we need to keep doing this because of the new users joining this forum almost everyday, There are some do and don't that newbies need to avoid if they want to buy coins, this are few warnings from me
1. Beware of low marketcap coins, they are more profitable but less reliable, they can die real fast
2. Forget website designs and max supply, focus more on real use case (utility) than anything else
3. Make sure teams are really who they claim they are and make sure they have two or more knowledge about crypto
4. I prefer well know coins or project, it doesn't have to be old altcoins, for example Wazirx token, Tezos, Comp, Cartesi, these coins are popular and new but still popular
5. Stay away from projects that are listed on rubbish exchanges, these exchanges are token killers with wash trades and fake volumes, e.g p2pb2b, exmarket, latoken, vindax.
6. For trading lessons or try outs be more friendly with top exchanges, they have better interface, highest volumes and highest liquidity
7. You want to make profits and you don't want to wait too long? I suggest IEO, make sure you follow top exchanges social media groups to stay updated about new IEO, especially binance and kucoin, it's always profitable
8. The best time to buy bags of coins and tokens is when bear attack the market, do not buy coins and tokens when price is surging or pumping.
9. Check projects github, make sure it's active and well updated from time to time, you can easily spot bad projects through their github, some don't even have GitHub
10. Crypto investment is risky, always invest what you can afford to lose, we are all humans and we can never tell what will happen between a project team in future, anything can happen.
I hope this helps
Yeah, nice one from you. And I can see some improvement upon the one posted before. Newbies investors need to be warmed expressly even on a daily basis to invest/trade with extreme caution. Just an addition. If you have an experienced and trustworthy person in crypto space, you can also move closer to them for some guidance. It really helped me a lot.
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lienfaye
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July 21, 2020, 01:55:20 PM |
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These tips are helpful for newbies.
We know its not easy to choose a good coin or projects to support that can guarantee us a sure profit.
But with proper knowledge and understanding we can make ourselves aware of what to keep in mind and avoid when investing.
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kopisusu
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July 21, 2020, 02:02:04 PM |
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very important points, thanks op for sharing very good ideas so everyone especially those who are newbies can read and understand them
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bitgoldpanther1978
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 21, 2020, 02:40:01 PM |
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Many members must have spread this countless time on this forum before, we need to keep doing this because of the new users joining this forum almost everyday, There are some do and don't that newbies need to avoid if they want to buy coins, this are few warnings from me
1. Beware of low marketcap coins, they are more profitable but less reliable, they can die real fast
2. Forget website designs and max supply, focus more on real use case (utility) than anything else
3. Make sure teams are really who they claim they are and make sure they have two or more knowledge about crypto
4. I prefer well know coins or project, it doesn't have to be old altcoins, for example Wazirx token, Tezos, Comp, Cartesi, these coins are popular and new but still popular
5. Stay away from projects that are listed on rubbish exchanges, these exchanges are token killers with wash trades and fake volumes, e.g p2pb2b, exmarket, latoken, vindax.
6. For trading lessons or try outs be more friendly with top exchanges, they have better interface, highest volumes and highest liquidity
7. You want to make profits and you don't want to wait too long? I suggest IEO, make sure you follow top exchanges social media groups to stay updated about new IEO, especially binance and kucoin, it's always profitable
8. The best time to buy bags of coins and tokens is when bear attack the market, do not buy coins and tokens when price is surging or pumping.
9. Check projects github, make sure it's active and well updated from time to time, you can easily spot bad projects through their github, some don't even have GitHub
10. Crypto investment is risky, always invest what you can afford to lose, we are all humans and we can never tell what will happen between a project team in future, anything can happen.
I hope this helps
Most of your reminders are true and correct, but excuse me for one you've mentioned in the above about in IEO, because not all project under by this IEO become successful in the end. And this was true I've seen it with my own both eyes. Then , the rest are correct.
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Rafiqul
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July 21, 2020, 03:17:16 PM |
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Thank you for this.. It's really helpful. I will be looking forward to more posts by you. I want to ask if you give signals on possible alts to buy and when to sell them.
This is a really helpful post for crypto investors. Here are some tips on how to invest in crypto and how to overcome them. However, it is very difficult to predict the state of the crypto market, even experienced people often face losses. So read, learn and experience more on this subject without relying on anyone; Hopefully success will come.
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aemma
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July 21, 2020, 03:41:10 PM |
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These are good laid down points but however irrespective of the fact this is mainly for newbies as you stated I think it is also meant for everyone, because in one way or the other we most times fall into one of the points. Among all the points, I think point 2 is really the main thing; this is because most projects team are good in building catchy websites and creating attractive whitepapers while in reality, they have nothing to offer. Thus, focusing on the utility of any project first, one can be able to know a lot about the project while having the power to engage the team with tactical questions for better understanding.
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Silberman
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July 21, 2020, 03:50:30 PM |
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Not bad advice but I doubt many people are going to listen, those that will read through your post are the ones that are already doing most of this stuff anyway while the ones that need this the most are on their own world thinking about all the money they are going to earn with their useless coins, I know it is difficult to accept but being honest there is not much we can do for people like them and sooner or later they will lose their money to scammers.
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Kelvinid
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win lambo...
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July 21, 2020, 03:59:49 PM Merited by Distinctin (2) |
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I hope this helps
That is pretty bolded enough to know and how to prevent from being a dumb loser in crypto investment. Ignorance will lead us to nowhere but we are truly aware of the real situation in the market, certainly, this will not going to happen to us. People shouldn't have to be fooled by false promises and out from reality, doubling the money scheme, instant returns, being listed in the huge exchange. These are all promises that people are usually being robbed off. I don't know if this a sort of marketing strategy in order to attract investors but most likely this is a way to scam people with their unrealistic promises.
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nicecrypto
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July 21, 2020, 04:20:20 PM |
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Number 2 on the list is very essential element nowadays, before or back in 2017 during the boom period, every coin without utility use to bring in profit because of the market status, but now things have changed, project with utility are the most sorted out by investors because eventually they are the ones that will survive.
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jajorforce
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July 21, 2020, 04:25:25 PM |
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All of the lists are good new crypto investors and all people who already joined the crypto world. I agree with all of that, and it will be good if you spread out there so many people out there can read and know what they need to do. We can use social media to make them aware of investing in the crypto market, so they don't have to regret in the future.
Yeah, that's right! That's how we can see a good future of cryptocurrency. People are always frustrated about choosing scam projects in the past. I like all points even for old investors but I won't suggest DeFi projects for new investors. Tezos, Harmony and Cartesi are new, good and reputable coins. One side is down means the others side up, that's how we can increase real investors and reject scam projects.
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enhu
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July 21, 2020, 05:00:53 PM |
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If I just have to sum it up for one general rule of thumb, its just to tell you not to invest in any altcoin at all but only BTC.
you can never go wrong with investing only in BTC no matter how little this investment you have as long as its BTC, you will profit from it. For altcoins, I guess if you have some time to waste like me who collects altcoins do it with the reality that no matter how legit the project may look, they still can be scam.
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btcholder
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July 21, 2020, 05:16:15 PM |
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[snip]
Points are really good. New investors can follow these points. Right now IEO investment is much popular than others so choose good platform is really important. Binance IEO project really good profitable at this moment and many people taking that opportunity very well. It's always a good idea to choose a top exchange for IEO investment and stay away from those projects which give you fake promises and give too much bonus in their ieo event.
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serjent05
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Up to 300% + 200 FS deposit bonuses
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July 21, 2020, 05:20:29 PM |
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Good complied list though, but I don't agree with IEO because its still risky in crypto investments,
He said short term investment that will yield profit and IEO is one of the better options, though investor must make sure that the IEO is held on a reputable big exchange.
Pretty much all the pointers OP stated are worth noting to at least minimize the risk on investing in cryptocurrency, but still I would say considering the max supply will also help us to maximize our profit.
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dainoran
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July 21, 2020, 05:21:01 PM |
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the information you provide is very helpful for new members, and also the information is a reminder for old members to be more careful in investing.
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shoreno
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July 21, 2020, 05:24:55 PM |
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If I just have to sum it up for one general rule of thumb, its just to tell you not to invest in any altcoin at all but only BTC.
you can never go wrong with investing only in BTC no matter how little this investment you have as long as its BTC, you will profit from it.
what about those who complain that invest on btc too ? i thought you can profit from btc no matter what ? some cant profit on btc but they can profit on other coins , its only a matter of timing and some luck . its not good to promote btc alone because alts will become useless if no one will invest on it but alts are useful too and profitable too
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Pffrt
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July 21, 2020, 05:39:13 PM |
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1. Beware of low marketcap coins, they are more profitable but less reliable, they can die real fast
This is what I talked most here and I think one of the most risky investment. Low marketcap coin can be easily manipulated and hyped by a single people and through creating fake hype, they attract newbie to invest on such project and the initial hype creator just dump their bag and rip the newbie off with a valueless shitcoin. Newbies must follow some basic rules to avoid getting their investment rip off. Anyway, I think these are some good piece of advices for newbies.
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ethereumhunter
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 22, 2020, 11:16:07 AM |
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All of the lists are good new crypto investors and all people who already joined the crypto world. I agree with all of that, and it will be good if you spread out there so many people out there can read and know what they need to do. We can use social media to make them aware of investing in the crypto market, so they don't have to regret in the future.
Yeah, that's right! That's how we can see a good future of cryptocurrency. People are always frustrated about choosing scam projects in the past. I like all points even for old investors but I won't suggest DeFi projects for new investors. Tezos, Harmony and Cartesi are new, good and reputable coins. One side is down means the others side up, that's how we can increase real investors and reject scam projects. Tezos will be enough to invest for the investor, both old and new, so they don't have to search for another project. But don't forget to select bitcoin as your main investment because bitcoin will give you a chance to make a big profit. And you can also make a profit in bitcoin from the altcoin or from the coin you choose. And remember that you must analyze before you invest because the situations are not easy to select the other coin.
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Perfect35
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July 22, 2020, 11:51:29 AM |
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1. Beware of low marketcap coins, they are more profitable but less reliable, they can die real fast
This is what I talked most here and I think one of the most risky investment. Low marketcap coin can be easily manipulated and hyped by a single people and through creating fake hype, they attract newbie to invest on such project and the initial hype creator just dump their bag and rip the newbie off with a valueless shitcoin. Newbies must follow some basic rules to avoid getting their investment rip off. Anyway, I think these are some good piece of advices for newbies. Most times, shit exchanges list te low marketcap coins and that is where newbies fall into their traps. This is more reason top exchanges are highly recommendable for newbies. At first, those low marketcap coins would look like they are going to be profitable, bt by the time they are done and about to exit, the volume reduces drastically and not only that, the price falls at a very low base. Selling becomes more difficult than buying.
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tyoA7X
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July 22, 2020, 11:55:41 AM |
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very nice this thread is made can help new investors if want to invest in new crypto projects maybe a little extra from me, more certainly looking for projects that are able to do IEO in large markets such as binance Usually it will give a big profit if the trade is started
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