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Author Topic: Whats your fears in new cryptocurrency?  (Read 3588 times)
InwardContour
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November 04, 2020, 09:25:26 PM
 #261

My major fears in new cryptocurrencies include ; losing funds due to scam and price dropping massively due to FUD. I usually invest what I can afford to lose with new cryptocurrencies, hence I uphold proper risk management. Most times when I invest in new crypto, I take out my capital when in profit and leave the rest to run. In my opinion, investing in new crypto isn't bad entirely but one has to be very careful in making decisions on what to invest in. Hype alone is not enough, other important factors need to be checked properly.
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November 04, 2020, 09:43:24 PM
 #262

My lone fear in crypto is the team behind the project. The direction a project will take and the shape it will expect relies upon the team and this is likewise the integral motivation behind why I exceptionally favor previously successful projects to new ones. Furthermore, it is good to face challenges however fatal to take daze and uncalculated chances which is likewise the explanation most investors invest in a project and once listed they dump everything and afterward watch the project group and how they will respond, along these lines knowing whether it is to purchase again or proceed onward. Recall most projects today just pumped at the beginning of listing and that is all, so knowing the kind of dangers to take matters a ton.

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November 04, 2020, 10:36:13 PM
 #263

1. Security Threats.
Digital currencies are available online, which makes them vulnerable to hackers. Keeping money safe online is not an easy job for some, especially those who don't understand how crypto wallets and exchanges work.

2. Scam.
Nowadays a lot of projects coming into the crypto market & many of the projects goal is to scam people's money so it's hard to find out legit projects.
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November 04, 2020, 10:39:14 PM
 #264

those individuals who are investing their cash to purchase new cryptocurrencies have the dread of loosing their invested cash, the ones who are not having cash to invest are investing their time by turning into a bounty crusade member and dread of getting scammed by the project group or not completing paid for their work and in the event that they get paid, at that point they dread of the price of the token not arriving at what was guaranteed to them.

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November 04, 2020, 10:49:52 PM
 #265

in my opinion what everyone is most afraid of in new crypto are coins that suddenly die because of a less professional team performance or the team just leaves the project
that's what we call as "Scam". all of scam projects don't have any team members that have so many real experiences. they really don't know what they will create. they just copycat others project that being hype, create the token, make the fake team members, plagiarism whitepaper then rob the investors money.

akirasendo17
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November 07, 2020, 12:08:22 PM
 #266

most of them are just copied from the old coins, correct me if im wrong but most of us fear of getting scam, imagine giving so much hype for a new saying good features, product, person backing up, and at the end of the ico after a few weeks of waiting the site can't be reach, the token has no value at all, versus when you bought it, what really makes investors keep distance is because of what everyone fears to be scam.

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cryptolord2077
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November 07, 2020, 05:18:18 PM
 #267

My only fear is related to things that I cannot control.
I am paranoid thinking that my system can be compromised, and one day scammers will be able to gain access to my wallets and withdraw funds from them.
I am taking every precaution, however we never know when one falls into this kind of trap.
mexite
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November 07, 2020, 09:51:00 PM
 #268

My greatest fear is in the honesty and commitment of the team to the project as most projects are not really decentralized autonomous organizations (DAOs). So any issues with the team impacts the project heavily. If the team is dubious and exit scam or stops developing the project, the token dies straight up.
And unfortunately many projects have beautiful whitepapers but very poor delivery which increases the risk of investors. So I take my time veery week now and spread my risk to avoid been burnt while hoping to get it right. I've lost enough already in crypto.
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November 07, 2020, 11:40:23 PM
 #269

When ICO becomes tren so many new coins launched with unique ideas and will help us in the future, the team of the project presented very well so attract many investors but now so many become scam and stop to develop their idea. I think is not because of the idea of the project but about who behind the project. Yes, the team, this is what I'm worried about new cryptocurrency

Harrison chinoye
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November 08, 2020, 03:27:02 PM
 #270

In my opinion, investing in new crypto isn't bad entirely but one has to be very careful in making decisions on what to invest in. and also New cryptocurrency  are mostly doubted because we still don't know much about it, if it would be good or not.
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November 08, 2020, 08:22:59 PM
 #271

Always same, a scammer. I hate developers who create project just to keep up with trends, when their project invites a lot of investors they leave their project as a scammer.

Same for me, the biggest fear I always have with new crypto currencies is that they will just disappear after a few weeks. First everything sounds so good, and a lot of people are trading in the new currency. But my fear is than that people stop using the coin and switch to a new project. It must not even be scammer or people who just try to rip off other people. It might just be the case that people lose interest and only hold their coin in the hope of higher prices in the future.
Malam90
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November 13, 2020, 11:20:25 AM
 #272

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?


I fear only shit coins will vanish in future and already vanished many shitcoins. I made investment huge amounts in shitcoins when i was new in crypto, now all of those shitcoins are vanished. Probably by Participate you mean bounty participation or IEO participation? Risk is a vital part of investment, without risk we can't invest and get profits.
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November 13, 2020, 11:48:06 AM
 #273

I have only one fear of getting caught by scammers or hackers. Already several times I have lost money in projects where the contract was hacked or scammers were behind the project. These were good lessons for me. Now if I take a risk, then only for a certain amount of my funds and consider projects in much more aspects. I have already managed to return the amount that was stolen from me and multiplied it

Ratash
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November 13, 2020, 11:55:41 AM
 #274

The most thing that i hate about crypto currency is when a new token is listed then the price get dumped imediatly even if the idea of the project is good and thats the main problem of a decentralized crypto the price is determined by the market plus they list them in a bad exchange and when the price get dumped no one will want to buy the coin any more
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November 13, 2020, 12:38:57 PM
 #275

My only and only fear is emptiness.
Generally speaking, emptiness is a wide range emotional depression.
Somehow it is emotional imbalance due to circumstances bearable nor unbearable. Emptiness is for all. However, today I will shorten the length of context.
May I say emptiness is for all lower ranks. Then, why?
As you noticed, lower ranks play so risky role. We cannot participate on big campaign who just accepting higher rankings where payment is 100% sure whether it is btc, eth, or tokens. We are more vulnerable to join the unsuccessful campaign. Yes  I know join at your own risk. Be a risk taker. Unfortunately, after all promoting the project and received the token payment, the project end unsuccessful or certified scam. Emptiness is present.
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November 13, 2020, 01:14:06 PM
 #276

Most likely, many people are afraid of new tokens because most of them are just a scam and after a while they will not cost anything, so people are very careful to invest in them.
Not if they have knowledge of the basics of investing in crypto and do some research. I realize that many newbies are afraid to invest because of the many scam projects that are circulating, but we all also know that they can also prevent this by doing a little research, finding information from good and reliable sources and ensuring it

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November 13, 2020, 01:32:10 PM
 #277

Most of the new cryptocurrencies are just a bunch of people mostly repetitive trying to scam people for some money or trying their wild ideas with others money without any dedication. I don't mean every of them are useless but it's getting harder for investors to choose one. I have for a large time restricted myself to established coins for trading and if done, I try new coins for a short term.



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November 13, 2020, 01:46:11 PM
 #278

Most of the new cryptocurrencies are just a bunch of people mostly repetitive trying to scam people for some money or trying their wild ideas with others money without any dedication. I don't mean every of them are useless but it's getting harder for investors to choose one. I have for a large time restricted myself to established coins for trading and if done, I try new coins for a short term.
Nowadays everything is much focused on money making and there is no product that drives the market for the project. When money is the primary focus, automatically things will go away from the reality. Whenever we make an investment it is a must to analyse the new cryptocurrency and the backing, because most of the time these cryptocurrencies pump high in a short and goes off from usage. When price pumps it isn't possible to make trade as it gets listed in one or two exchanges that doesn't have any big volume.

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November 13, 2020, 01:55:41 PM
 #279

It's only natural that many are afraid to invest in the crypto world because we have seen many new projects that end at a loss to investors, but the benefits that can be obtained if the project we join successfully enters the exchange is very tempting.
Doing in-depth research of various sources of information will reduce your fear and the courage to see the benefits will arise.



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November 13, 2020, 01:57:14 PM
 #280

Cryptocurrency is a very high-risk investment, because mass adoption has not yet been carried out,
and 2020 is just the beginning, paypal, Microsoft, Google are starting to use blockchain and Bitcoin,
of course this makes the fears on cryptocurrencies fade away, but don't forget , the price is determined by the market.

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