Whats your fears in new cryptocurrency?

[bttmember]

In the past years in this cryptocurrency project many of has experienced had I know especially me because of some cryptocurrency project I missed to participate because of fear and doubt, as a person if you begin to look at the risk and what you have lost in the digital world you Will never get yourself involve in new crypto currency forgetting that life itself is a risk. What then is your fear in crypto?

If we especifically talk about current trends especially defi i have completely distant myself from them, yes i do look into if a top serious project comes up but their have been too many scam and fake projects recently which has also just killed this booming trend. The scammers just damaged the trend and now no one is investing even one cent in new defi projects.
This will only change if we have a screening process or atleast somehow we can only invest in top quality projects and ignore low quality projects.

[lienfaye]

my fears on new crypto, most of the new cryptos are not going through the ieo phase. look at the recent ieo on this forum, they didn't even went through and then even though they passed that phase when they listed their coins in exchange it would worth nothing, because the devs itself dont even care after that. if devs really care about the projet after listed on exchanges then it would be fucking great

Some dev is only concern on money and disregard the investors.
Thats why projects are failing to have worth and became worthless.
This scenario is one of the fear that I dont want to experience again.
Time and effort will be wasted if you follow/invest in this kind of project.

[xiboothrezi]

my fears on new crypto, most of the new cryptos are not going through the ieo phase. look at the recent ieo on this forum, they didn't even went through and then even though they passed that phase when they listed their coins in exchange it would worth nothing, because the devs itself dont even care after that. if devs really care about the projet after listed on exchanges then it would be fucking great

Actually Ieo can be a good opportunity, but choose a large and trusted exchange, and immediately let go when you make a profit because Ieo is not good enough in the long run. always take advantage of first-day trading, usually, the profits increase there.
new coins or tokens are riskier, if in doubt better leave. choose the really strong with the support of potential partners.

[xSkylarx]

My biggest fear is for newbies to be hyped on those projects without doing any research first. They bought because someone said to them it's good but at the time when they buy it's on a high price. If they're lucky that the coin will pump more then I hope they take profit quickly. But what if the opposite happens, they bought late then hodl it for a long time hoping for that coin to rise again.

[iTradeChips]

Well in my opinion the fears that many people see in cryptocurrency are mainly has something to do with their lack of knowledge with Bitcoin, blockchain, and cryptocurrency in general. It is not really fear but basically, their hesitation in investing their money to these coins because they do not have anything that could back up that coin and sometimes their "laziness" in trying to find the information for them would also point as a reason for their fear. But also, to be fair, the crypto ecosystem is very very huge. Information overload is always a commonplace thing that they experience, and also many scams and shenanigans are happening in the forums and the campaigns.

[santouao]

In the crypto world, there should be no room of fearing and doubting. Because risk taking is included when we try on any project within crypto so a practical strategy to avoid wasting effort is to be careful and not immediately enter into an uncertain project.

[max6575]

with uses of customs on work with field of business, pupils to gains of confidence to improve shifts with level of dependency as preparing to attains on building of business with the crypto finance to collects on return as the difference on results to compound with the note of profit.

[EmmaGod]

It's a known fact that the cryptocurrency market is quite risky and this risk is more pronounced with the new cryptocurrency projects. Several developers enter into the market without a full grasp of how the market works. A large number of new projects gets abandoned after a few months and this could be very discouraging.

[Byakuga]

I have no fear for crypto anymore since the day I break the chain of holding coins for too long, my mind is now at better rest than before, the fear of if my coins will survive or dumps might happens is no more, whenever I see profit i change to stable coins immediately

[Byakuga]

Another thing that could cause fear is if cryptocurrency will survive, now it's been erased since 2017, every God damn companies and personal that talked shit about crypto are now supporting the technology minus Jack Ma ( Alibaba ) who never for once say any shit about crypto and still believes it's the future money

[Stavri]

Fear is normal. crypto market itself is very risky. not only altcoins but bitcoin as well. I remember how the price dropped from 20k usd till 6k usd then 3k usd in very short time. The important thing in crypto market is to be able to realize your profits in correct time.

[Mauser]

In the beginning when I started investing in bitcoins I was afraid that the prices could drop over night and make my holdings worthless, but I have been around for years now and know that the even when prices drop, they will just recover in a few weeks. My main fear in crypto currencies these days is that the government could try to fight them, either by outright banning them and make crypto currency transaction illegal. Another form to fight the rise in cryptos could be to increase taxation. I know this doesn't seem very likely at the moment and should be more of a long term trend.

[jcarlo]

Fear is normal. crypto market itself is very risky. not only altcoins but bitcoin as well. I remember how the price dropped from 20k usd till 6k usd then 3k usd in very short time. The important thing in crypto market is to be able to realize your profits in correct time.

Agree, the biggest fear in the cryptocurrency market is high price fluctuations. In addition, the other biggest fear is that the project does not stagnate and cannot produce products according to the whitepaper so investors run away and sell tokens at any price

[ufaiz50]

I'm fear of the new cryptocurrency itself, the blockchain is built from a trait that is "trust" but the presence of something new could change the word trust to "lie / scam". Actually, fear is something we have to fight to see something new and we can learn from it. Some things that I think can be considered fearful when talking about cryptocurrency are FOMO or regret what I have decided. It is back again, that we have to improve every moment.

[grandpix]

my fear regarding the new crypo is a scam. you can imagine if I have followed the project from the start of its release, believe in the exhange and it turns out that the coin is a scam, then you will definitely regret it

This is the biggest and most common fear in cryptocurrencies, 90% new projects are scams, which is difficult to avoid. Everything about them is very shimmering until they disappear, these cases will continue forever.

[_IRMAN]

I'm fear of the new cryptocurrency itself, the blockchain is built from a trait that is "trust" but the presence of something new could change the word trust to "lie / scam". Actually, fear is something we have to fight to see something new and we can learn from it. Some things that I think can be considered fearful when talking about cryptocurrency are FOMO or regret what I have decided. It is back again, that we have to improve every moment.

Blockchain is built using openness (decentralization) not trust, and of course this can change the world which is now full of closure, especially in the financial sector.
If the world switches to cryptocurrency / digitization, of course this will make everything visible. The government will find it more difficult to do corruption because we can see where the money is flowing.

[Boov]

In the crypto world, there should be no room of fearing and doubting. Because risk taking is included when we try on any project within crypto so a practical strategy to avoid wasting effort is to be careful and not immediately enter into an uncertain project.

Personally i have fear instill in my mind mostly for the new cryptocurrency arises. There have a lot of new arises crypto in the market and some old crypto currency were also now dead. Some were been named as scam or not profitable at all. I'm afraid for newbie member who still have not a capacity to afford or have a better trade skills to be able to get their own kind of crypto like bitcoin, ethereum or binance which were these were the most profitable crypto.

[imstillthebest]

Investing a new project is so risky, they can turn to scam anytime if they want. I'm still afraid to put my money to the new project because I always losing money in crypto when I was a beginner so I'm done investing to the new project.

that was when your still a beginner but your account now is a full memeber so i assume that your knowledge have also growned ? unless if you dont appreciate what your posting and reading because you wont grow a knowledge if that was your style .

not just new but old projects can turn into a bubble too if they want to but new projects are more risky because you cant sold them yet until they proposed thier coins into a trading exchange platform . new crypto can also be a new hope because old cryptos can now be rusty and lack some features so lets not be an advance thinker

[Question123]

Of course people or crypto investors are afraid to the scam project because lately and upto nos there is a lot of project who is scam and many people lost money because of investing on project.

Scam project is not new because it's already happening in the cryptocurrency in the last few years ago by doing getting enough information to one project you can know what is legit or not and you will not afraid anymore because you know the project is legit.

[Mahdirakib]

Investing a new project is so risky, they can turn to scam anytime if they want. ~

I don't invest in new crypto and the reason is same as yours. It can turn into scam anytime. And this thing happening too much nowadays. Though I haven't lost my money by investing in new project while I was noob to crypto. I prefer to invest in top crypto of marketcap. We don't know how successful a new project will be, and there is no surety of not getting scammed by them. That's why people fear to invest in new cryptocurrency.