santiPOGI
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April 12, 2021, 08:14:37 AM |
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There will be another bear market, there will be a day were the market once again falls through. Be prepared and be ready. No one knows when and how it will come, but it will come. Nothing in crypto grows forever and the majority of newer-projects (<6-8months) will die out, just like the ICO boom of 2017. Tech analysis and your favorite shill will not save you, no one will but yourself and your intuition.
I couldn't agree more. After all this pump and surge, there is always a dump and crash after that. But what important is that we should take the opportunity to learn and earn from this opportunity. I would not dare to say that scams and shit projects are good, these are the things that tainted the image of cryptocurrency so we better do our own research and keen observation to identify them and best to avoid them. There is no wrong in taking profit from this kind of scheme but it is more likely to lead us to a loss than getting a profit. So we better be cautious if ever we dare to jump into this kind of scheme and invest in it. The only things I hate to encounter is the time were the price in the market always crash or dump in the exchange site platform. However, so far I am not quite familiar with the Moonboys, just all I can say that as long as it has always a development while the project is running in crypto space.
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RussianEnglishTranslation
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April 12, 2021, 08:19:51 AM |
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It's important to understand that the crypto market is being flooded by new users, new projects, new scams and therefore, fortunetellers. Before investing your life savings into some random new shitcoin, be sure to have a clear thought processes on why you're investing in this crypto.
We are witnessing unprecedented territories and this space is being flooded by naive individuals and the wolves who are herding you into the next ponzi-scheme. I can soundly say, despite what many have stated, technical analysis and moonboy shills are some of the worst tools to rely on. Strictly speaking, most of you are relying on word-of-mouth investments and are not fully understanding you're being controlled and socially engineered by intelligent individuals, scammers and wealthy individuals who've been in this crypto space for several years now and understand what it takes to manipulate the average crypto user.
Take a step back, analyze, take in all possible sources of information, compare, contrast and understand what you're investing your money into before you invest or make your next trade. This Bitcoin bullmarket is in a territory that no one can predict the outcome of. If you're taking that risk, great. But that risk also can come with severe repercussions. Learn from your predecessors in the 2017-2018 bull-market, where the majority lost their life savings and the minority made it out big.
There will be another bear market, there will be a day were the market once again falls through. Be prepared and be ready. No one knows when and how it will come, but it will come. Nothing in crypto grows forever and the majority of newer-projects (<6-8months) will die out, just like the ICO boom of 2017. Tech analysis and your favorite shill will not save you, no one will but yourself and your intuition.
I see a strong resurgence of ICO's/IEO's/IDO's right now, buyer beware. A lot of people got burned in 2018 investing in ICOs. I only invest in fairly mineable projects with no dev wallet, like RVN and 0xMR. That way no VC or presale or team members can dump the price or exit scam.
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bittraffic
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April 12, 2021, 08:30:37 AM |
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The past experience had given us the lesson not to be too greedy. If there is the need to sell before the bear market, the traders will know when to sell. It's the newcomers are making old investors money and they are not just individuals, they are institutions which this bull market is probably different and this conclusion will make holders expect some more.
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Mauser
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April 12, 2021, 09:13:26 AM |
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Great summary, I fully agree with you. We have all been newcomers once so we understand how difficult it is to find the right projects among the large number of coins and tokens. Probably the most of us have also lost some money in a project. For me the experience of losing money helped a lot to be more cautious with new coins. You are also right that the market can't rise forever,it will always give bear and bull cycles, we need to be ready to adjust to the trend.
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Caross
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April 12, 2021, 09:28:27 AM |
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Prior to investing in any project make sure to research deeply into the project, gathering enough information about the project make sure the team are ex-pat that knows what is at stake if the result meets your prospects then you can put your money into the project. Because there are lots of scams around the crypto market.
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blackened515
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April 12, 2021, 11:25:06 AM |
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You sound like a preacher teaching his followers how to follow the footsteps of God ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
Well, that been said, the penetration of newbies into the cryptocurrency space is increasing daily while they become victim of the moonboys as you said, what do you think someone can do to overcome these chaos feeding lies to newbies? what can someone do to overcome these scammers, imo, a simple thorough investigation should be an anthem that should be sang all the times, this can help the newbies to be sharp in finding out what a project looks like, the important, usecase and more to look out for.
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Jackl87
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April 12, 2021, 11:39:41 AM |
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It's definitely true what OP says: never invest in a coin or project just because a guy on youtube twitter or somewhere else tells you that this is the best project ever. Those guys are probably just paid shillers that want as many people to buy into their project so they can pump the price and then dump on those poor people. The same thing goes for investment advice here int this forum too of course. If you take a look at this subforum only my wild guess would be that probably 1/3 of the threads created here are in the form of" XXX is still undervalued", "XXX will do x2 soon", "your chance to grab XXX for cheap now". So always DYOR and of course you always need a bit of luck too especially when you are a complete newcomer.
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paxmao
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Do not die for Putin
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April 12, 2021, 11:48:20 AM |
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He (she) who hasn´t been ponzied, scammed and lied to in the crypto world shall throw the first Satoshi. Just like that, if you come new and fresh your thoughts are likely to be, in order:
- I do not understand any of this. - Seems that bitcoin price is ATH, I am too late. - Oh, there are altcoins. - Oh, this altcoin is awesome - Oh, I bought a shit token and lost 100% - Oh, I got scammed on this project. - Oh, I am quiting. ...
- Oh, bitcoin is at ATH. - I am buying bitcoin. - I got it wrong, bitcoin is down 80% I am selling. - Oh, bitcoin is back to ATH... I will wait. - Oh, bitcoin is not dropping... I am buying again. - Oh, bitcoin dropped... this time I am holding.
So why don´t you just skip to the last step?
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SaiyanSS3
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April 12, 2021, 11:54:03 AM |
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>> https://bitcointalk.org/index.php?topic=5329933.msg56764864#msg56764864>XXX is still undervalued", "XXX will do x2 soon", "your chance to grab XXX for cheap now". There is so much shill that’s champion in reverse psychology, they’re insanely dangerous because their mind control shill always catch countless clueless newbie into highly shilled coin. Look at today highly pumped coin, you can’t stop yourselves from sticking on the screen and watching the price tick higher and higher, yet keep telling yourselves it’s the top it’s the top, damn that shit finally crashed, omg I need to delete the internet or I would go totally loss the mind to the shilling!
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michellee
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April 12, 2021, 12:17:03 PM |
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Research is the only way people must do before they decide to invest in any cryptocurrency project because without research, they can not get the right project and the worst is they will not make a profit. After they found the coin, they need to decide how much money they will invest and only use the money they can afford. But so far, many people encourage themselves to invest in the project they read or watch from the website and not research for more, which makes them lose their money.
If you can prepare yourself for anything that can happen later, you will not worry about it and decide what you need to do. Even if you face the bear trend, you can use that moment to do something.
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galestorm
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Futurov
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April 12, 2021, 01:25:27 PM |
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Very well-said. Since crypto is gaining more popularity, newbies are flooding the forum. It's good that they are asking questions, and it's up to the veterans to guide them on what are the dos and don'ts of investing. That's why bitcointalk exists, to discuss the current market and to answer the question of those that lack knowledge in Cryptocurrencies. It is true that there are people who always say "to the moon", dont always believe and throw allyour money into some shitcoin because someone said so, it is important to conduct your own through research
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ttcsalam
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April 12, 2021, 02:20:27 PM |
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It's important to understand that the crypto market is being flooded by new users, new projects, new scams and therefore, fortunetellers. Before investing your life savings into some random new shitcoin, be sure to have a clear thought processes on why you're investing in this crypto.
We are witnessing unprecedented territories and this space is being flooded by naive individuals and the wolves who are herding you into the next ponzi-scheme. I can soundly say, despite what many have stated, technical analysis and moonboy shills are some of the worst tools to rely on. Strictly speaking, most of you are relying on word-of-mouth investments and are not fully understanding you're being controlled and socially engineered by intelligent individuals, scammers and wealthy individuals who've been in this crypto space for several years now and understand what it takes to manipulate the average crypto user.
Take a step back, analyze, take in all possible sources of information, compare, contrast and understand what you're investing your money into before you invest or make your next trade. This Bitcoin bullmarket is in a territory that no one can predict the outcome of. If you're taking that risk, great. But that risk also can come with severe repercussions. Learn from your predecessors in the 2017-2018 bull-market, where the majority lost their life savings and the minority made it out big.
There will be another bear market, there will be a day were the market once again falls through. Be prepared and be ready. No one knows when and how it will come, but it will come. Nothing in crypto grows forever and the majority of newer-projects (<6-8months) will die out, just like the ICO boom of 2017. Tech analysis and your favorite shill will not save you, no one will but yourself and your intuition.
Yes sir very important post for all beginners who haven't idea of trade they can think if i invest i will get very good feed back on overnight but actual condition is fully different so i think look before you leap. Before invest must think the trade system.then always fallow update news if want to good feedback.
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plasmid
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May 04, 2024, 06:10:36 PM Last edit: May 04, 2024, 07:09:24 PM by plasmid |
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NFT's are the new cool and I can't wait for this trend to die out. I'm sick of the celeb news mentioning Celeb's name + an NFT worth millions already! Seems like these fools who had no idea what a cryptocurrency is are suddenly on the NFT bandwagon. The technology is good but the prices and the entire community are just toxic. No, I wouldn't pay 50,000 for a digital artwork that has no real-life value. Anybody starting out and if you're getting too excited with NFT's, wait a few months and see where this trends and then make a decision. Don't fall into this celebrity trap.
Maybe for money laundering purposes. But here is the ultimate (imho) use case for NFTs: https://opensea.io/collection/littlebrainboostersI had put that together back in 2022 for a demo I was doing about NFT use cases with nanolearning/Dopalearn. If you're just hearing about Dopalearn, here is a 1 minute explainer video: https://youtube.com/shorts/1gcMx_IDOZY - learn more at www.dopalearn.comThe big idea is a network of decentralized "virtual schools" (book publishers, teachers/educators, instructional designers, institutions, motion graphic artists, anyone) authoring and publishing Dopalearn compliant training (aka "Pop-up Training") and monetizing it. Each school licensed and provided with "keys" (housed in the NFTs) that allows their customers to use/open them (the training) in Dopalearn. So technically, the NFT will be housing the course metadata (source of the JSONs/mp3s) and the license/key that makes it Dopalearn compliant. Is there a better/newer method to do this? Let me know. I uploaded part of our collection to that Opensea profile to mockup what these virtual schools may look like for customers when shopping (so it's not the complete picture, but you'll get the point). Hope I'm not breaking any rules by reviving this old thread, if so, pardon me. Joel - about to DM you, brotha.
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kotajikikox
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★Bitvest.io★ Play Plinko or Invest!
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May 05, 2024, 01:51:45 AM |
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Probably the most of us have also lost some money in a project. For me the experience of losing money helped a lot to be more cautious with new coins.
Any investment has their own risks and even the most careful man on earth can make a mistake and lose some money. I think as investors we should learn how to pick up the pieces. Do not get too depressed thinking about what you lost but rather think about how much of it can you get back.
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Belarge
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May 05, 2024, 06:27:11 AM |
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Probably the most of us have also lost some money in a project. For me the experience of losing money helped a lot to be more cautious with new coins.
Looking out for ourselves and ensure we're grabbing every opportunities to make free smooth running source of profits for ourselves. The newcomers are always lucky because there's something we call beginner's luck in the market. These new projects become risky when when we failed to make thorough findings about their roots. Our projects are here to make us successful and we should always employ more aides for the purpose to make us consistent. We lose money for the purpose to gain more knowledge and become one of the promising person in the space.
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oktana
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May 05, 2024, 11:49:17 AM |
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Maybe experience is the best teacher. Because I’ve seen that we humans sometimes prefer to have a first hand experience so we can relate and learn the lessons we could have just listened and take heed to. I have lost money around altcoins and the lesson I learnt to avoid following hype, analysis, or anything. Just invest your money where your mind is and that’s it.
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Tipstar
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Vave.com - Crypto Casino
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May 05, 2024, 05:03:27 PM |
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What you have said is correct. That's why I stick to the tried and trusted coins and trade on waves to get profits. I don't explore around much. Though I'm neither a successful trader or investor yet but I have learned much just form being in the market. I plan on keep increasing my stake on cryptocurrencies. I'm just using my long term savings at the moment an 90% of my buy are for the coins I plan to hold multiple years. Crypto has outperformed all the stocks or gold and it's not a surprise that more people are moving to it. But the huge money in short term could be a good thing for old investors but would make crypto market more risky.
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DarkState
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May 06, 2024, 01:22:36 PM |
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So investing in cryptocurrencies is getting harder as time goes on. I think a person should only invest in crypto as much as they can afford to lose without investing their entire money in crypto. Tech analysis and your favorite shill will not save you, no one will but yourself and your intuition.
This is very true. I think before investing in any cryptocurrency one should observe it for a long time and then invest but there is still a possibility of risk.
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