Is it worth investing in coins you believe in?

[CryptoGuy42]

Yes of course. Basically we will put our money in the tokens we believe as potential and would give us profit in due time. We will never put our money in the tokens that we don't believe to have a bright future regardless if it is about DeFi or NFT. Then base on our preference be will hold it for long term or just for short term depends on our target method

How do you determine a bright future with DeFi or NFT token? What do you think about an upcoming project like Black Eye Galaxy? I am personally excited that I can own a planet and make returns on it in several ways. Have you looked into that project? I am curious your opinion.

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[bryant.coleman]

In the past I made this mistake. I invested in some coins, because I found their vision very attractive. But I learnt my lesson the hard way. In cryptocurrency sector, having a good vision doesn't matter much, unless the promoters and the developers are really committed to the project. In many cases, once the ICO is completed and the promoters get millions in their bank accounts, they go to the hibernation mode. Investors will be stuck with the coins and tokens, as the development activity comes to a complete halt. It is a very tricky situation.

[Lantind]

when facing such a project, those who cannot compete with others in the market there is a possibility of us losing our money. some are kind enough to refund funds. it makes us lucky to still get our money back.
but if we invest in my top market coin, we don't have to worry because development will definitely run. we just need to be patient and not panic.

Yes, it's obvious because the top coin is always a good choice at all times, because if it wasn't good it wouldn't be possible for the coin to be at the top, so it's pretty clear that the choice that there's no need to panic is the choice at the top in the crypto space.

[LUCKMCFLY]

There is a currency other than BTC in which I have a lot of faith, it is ETH, this currency whenever BTC grows ETH rises faster, that is why now many are waiting to buy in the dip, in fact Rothschilds are doing it:

Rothschilds Buy Ethereum

The Rothschild Investment Corporation has bought 2,834.69 eth in a stock form through Grayscale’s Ethereum Trust (ETHE).

They are reported as holding $1.4 billion in assets with about $5 million of it now held in ethereum.

Source: https://www.trustnodes.com/2021/07/20/rothschilds-buy-ethereum

The fact that these people are believing in ETH is because a lot of good things are about to happen for the currency, in fact it is to be expected that the next bullish rally of BTC we can see ETH with new ATHs.

[distr@yopmail.com]

when facing such a project, those who cannot compete with others in the market there is a possibility of us losing our money. some are kind enough to refund funds. it makes us lucky to still get our money back.
but if we invest in my top market coin, we don't have to worry because development will definitely run. we just need to be patient and not panic.

Yes, it's obvious because the top coin is always a good choice at all times, because if it wasn't good it wouldn't be possible for the coin to be at the top, so it's pretty clear that the choice that there's no need to panic is the choice at the top in the crypto space.

Seeing the declining market situation, of course, many people will feel panicked. especially those who are new and have not mastered their trading skills well.
The panic of traders and investors seems to have become part of this market. and always cultivate new market situations. It looks very interesting when a market that has lasted a long time then falls and will come back later.
Buy now or wait more basic in my opinion will still be profitable if the intended planning is for the long term. but in the short term, it looks like we have to wait for a bottom.

[CryptoGuy42]

when facing such a project, those who cannot compete with others in the market there is a possibility of us losing our money. some are kind enough to refund funds. it makes us lucky to still get our money back.
but if we invest in my top market coin, we don't have to worry because development will definitely run. we just need to be patient and not panic.

Yes, it's obvious because the top coin is always a good choice at all times, because if it wasn't good it wouldn't be possible for the coin to be at the top, so it's pretty clear that the choice that there's no need to panic is the choice at the top in the crypto space.

Seeing the declining market situation, of course, many people will feel panicked. especially those who are new and have not mastered their trading skills well.
The panic of traders and investors seems to have become part of this market. and always cultivate new market situations. It looks very interesting when a market that has lasted a long time then falls and will come back later.
Buy now or wait more basic in my opinion will still be profitable if the intended planning is for the long term. but in the short term, it looks like we have to wait for a bottom.

Waiting for the bottom is hard to time. I am not overly worried I don't get the bottom but I also would be kind of annoyed if I buy and it dips again 25-50%.
Lucky for me I have no free capital really; hopefully at the end of the month I can make some deposits and leave it as fiat or stable coins until I am ready to make my move.
I am excited for some upcoming projects, most are in the NFT space like decentralized NFT token Black Eye Galaxy (BYG). I am excited about it working on different blockchains and being able to stake my NFTs for more returns. I know BYG might be a small cap now but as the game grows; so should the market cap.

[Lantind]

Seeing the declining market situation, of course, many people will feel panicked. especially those who are new and have not mastered their trading skills well.
The panic of traders and investors seems to have become part of this market. and always cultivate new market situations. It looks very interesting when a market that has lasted a long time then falls and will come back later.
Buy now or wait more basic in my opinion will still be profitable if the intended planning is for the long term. but in the short term, it looks like we have to wait for a bottom.

Yes, that's true, because for short term trading everyone has to really wait for the lowest price in order to get good results, in contrast to people who are more patient for the long term, because they can just make a purchase at this time and wait a long time to reap the rewards if any.

Waiting for the bottom is hard to time. I am not overly worried I don't get the bottom but I also would be kind of annoyed if I buy and it dips again 25-50%.
Lucky for me I have no free capital really; hopefully at the end of the month I can make some deposits and leave it as fiat or stable coins until I am ready to make my move.

Everyone will feel annoyed when after buying it drops again to half the price because it also takes more time to rise in order to get good results,
so be patient mate.

[Republikcoin.com]

My definition of "believe" is a coin that I love.
Coins that we believe in, have some satisfaction when we buy them, whether it's a lot or a little. Satisfaction because we are very confident and really love the coin, can make positive energy to survive in the crypto world. Realistic concept is number two, because we have fallen in love with the coin that we believe in. When the price goes up, it's like we get a real profit bonus if we lose it doesn't matter.

[Lantind]

what I'm paying attention to right now, most people want to invest in something that is promised a big payout and it is not managed by them so that in the end they are deceived, usually they join in an investment because most of the people closest to them have joined in the investment. it means investing that follows the crowd is not good in my opinion.

I slightly agree with your thoughts, because joining an investment just because a close friend invited him is a funny thing, because our friend will definitely give an interesting explanation so that we want to join even though he himself doesn't really know about the risks of an investment.

[leetcoiner]

There is a very important rule - not to fall in love with coins and projects, this is very important. You must understand where you are going and why you invested in this or that coin.
If you were looking for profit, you must understand where it will come from, whether it will be a huge instor or you will have to wait for a bull run. And at the right time, you will have to decide whether to fix the profit or not.

[livingfree]

There is a very important rule - not to fall in love with coins and projects, this is very important. You must understand where you are going and why you invested in this or that coin.
If you were looking for profit, you must understand where it will come from, whether it will be a huge instor or you will have to wait for a bull run. And at the right time, you will have to decide whether to fix the profit or not.

Why not fall in love with bitcoin and a few altcoins that you think you're really going to like?

It's not only during the bull run that you can make a profit, but it's also possible at most times and that's what you need to do. There's only a need for you to understand those projects that you invest.

But it's not all of them are profitable and trustworthy.

[Fatunad]

There is a very important rule - not to fall in love with coins and projects, this is very important. You must understand where you are going and why you invested in this or that coin.
If you were looking for profit, you must understand where it will come from, whether it will be a huge instor or you will have to wait for a bull run. And at the right time, you will have to decide whether to fix the profit or not.

Why not fall in love with bitcoin and a few altcoins that you think you're really going to like?

It's not only during the bull run that you can make a profit, but it's also possible at most times and that's what you need to do. There's only a need for you to understand those projects that you invest.

But it's not all of them are profitable and trustworthy.

When it comes to choices then there would always a risk and sticking to top coins wont guarantee you either but most likely they are the ones who would really make out that kind of chance for you to make
profits even though its not an assurance but at least you do already have the idea on where it would be heading. Is it worth to invest in coins you do believe in?
Of course its your money to spent and its up to your decision whether which coin you would intent to buy according to your own analysis and preferece
but everything would really have corresponding risk which you shouldnt really forget about.

[livingfree]

There is a very important rule - not to fall in love with coins and projects, this is very important. You must understand where you are going and why you invested in this or that coin.
If you were looking for profit, you must understand where it will come from, whether it will be a huge instor or you will have to wait for a bull run. And at the right time, you will have to decide whether to fix the profit or not.

Why not fall in love with bitcoin and a few altcoins that you think you're really going to like?

It's not only during the bull run that you can make a profit, but it's also possible at most times and that's what you need to do. There's only a need for you to understand those projects that you invest.

But it's not all of them are profitable and trustworthy.

When it comes to choices then there would always a risk and sticking to top coins wont guarantee you either but most likely they are the ones who would really make out that kind of chance for you to make
profits even though its not an assurance but at least you do already have the idea on where it would be heading. Is it worth to invest in coins you do believe in?
Of course its your money to spent and its up to your decision whether which coin you would intent to buy according to your own analysis and preferece
but everything would really have corresponding risk which you shouldnt really forget about.

And as we talk about bitcoin, there's a guarantee that you're on the best side.

It is known to all investments that there is a risk, bitcoin, ethereum, altcoins, and other investment vehicles. They all have the corresponding risks and that's what you have to understand because it's for sure.

[Shallow]

In clear terms, YES, an investor have to believe in a coin before investing. Let's come from the aspect of the outside world, before buying any property or asset be it real estate or whatever, you will need to believe in it to fetch you gains in the near future, if not you won't invest. Now in the crypto space, you need to believe in a coin before you can think of investing, people who invested in Bitcoin and held for years are enjoying their profits/gains today, same can be said of Ethereum, Binance Coin, ADA etc.
However, just like there are bad investments in the outside world, so is it with the crypto space; there have been cases where investors trusts a project and invest in it, only for the team to exit scam. Thus one of the ways to invest safely in a coin you believe in is through paying much attention to the team and most importantly their use case and how hard they are working towards it, but if all doesn't add up in your own terms, you can take a walk or focus on other prominent coins like Bitcoin.

[susuberuang]

I think it's best to share money, I mean don't keep money in one place, my advice to several places or other profitable projects. The higher the profit, the higher the risk automatically, I make crypto a short term investment, so I should always active and know the latest information from the projects that I follow.

It's true, every asset in the form of money must always be kept in a different place, and if necessary it is made in the form of a mature percentage, such as for investment in several projects what percentage and how much is stored in a bank, and what percentage is stored at home for daily needs.

[Slow death]

I think it's best to share money, I mean don't keep money in one place, my advice to several places or other profitable projects. The higher the profit, the higher the risk automatically, I make crypto a short term investment, so I should always active and know the latest information from the projects that I follow.

It's true, every asset in the form of money must always be kept in a different place, and if necessary it is made in the form of a mature percentage, such as for investment in several projects what percentage and how much is stored in a bank, and what percentage is stored at home for daily needs.

Spreading money into multiple cryptocurrencies is dangerous because one is putting all the money into cryptocurrencies, which I think is that people should diversify their investment by putting money into the real world (investing in the real world). investing in stocks, gold and then putting money into bitcoin and other altcoins... this in my opinion is the most sensible way to diversify investment

[Morning honor]

Coming from stocks, I deem crypto investing quite different, and I am still to get my complete understanding behind it. When talking about stocks, there are a lot of people and investors that tend to spend their money on businesses or shares they firmly believe in.
Talking about cryptos, I see a lot of people cashing out on short term for quick money, but the question is, is it worth playing it like that or better to consider the project behind the coin long-term? Regarding stocks for instance, Nvidia is a share I really do believe in and the sentiment itself is what keeps me holding the stock no matter the market. There was a huge dip in May, similar to what the crypto market is facing now, and although difficult to hold, I strongly believed in the long-term.

Regarding coins, I struggle to understand the approach people have. I am, by no means, expecting people to run down details on what they do, as we are not here to give financial advice, but a small explanation on how you address your investments: both short-term and long-term. Similarly to the stock mentioned above, I do have the same kind of interest for coin Oracle ($ORA), it’s quite new so I don’t expect many to know it. I really believe in the platform they want to create (just for context it’s a NFT market for ideas, so you just buy others’ ideas) and I would like to see their project created and support them long term, but how popular is the cashing out in cryptocurrencies? Everyone seems to be spamming to the moon to the moon, but most people seem to be selling.

Yes it's worth investing in crypto especially when the price of your choosen coin is reliable for long term investment that would lead you to profit in the long run, on the other hand just watch out on your investment to prevent more loses just invest what you can afford to lose anyway.

[RussianEnglishTranslation]

Invest in cryptos with solid business usecases like 0xMR, it is used for privacy mixing fees and in casinos.

[Cryptonian717]

Coming from stocks, I deem crypto investing quite different, and I am still to get my complete understanding behind it. When talking about stocks, there are a lot of people and investors that tend to spend their money on businesses or shares they firmly believe in.
Talking about cryptos, I see a lot of people cashing out on short term for quick money, but the question is, is it worth playing it like that or better to consider the project behind the coin long-term? Regarding stocks for instance, Nvidia is a share I really do believe in and the sentiment itself is what keeps me holding the stock no matter the market. There was a huge dip in May, similar to what the crypto market is facing now, and although difficult to hold, I strongly believed in the long-term.

Regarding coins, I struggle to understand the approach people have. I am, by no means, expecting people to run down details on what they do, as we are not here to give financial advice, but a small explanation on how you address your investments: both short-term and long-term. Similarly to the stock mentioned above, I do have the same kind of interest for coin Oracle ($ORA), it’s quite new so I don’t expect many to know it. I really believe in the platform they want to create (just for context it’s a NFT market for ideas, so you just buy others’ ideas) and I would like to see their project created and support them long term, but how popular is the cashing out in cryptocurrencies? Everyone seems to be spamming to the moon to the moon, but most people seem to be selling.

I believe there are a few methods of practicing this. The 10x rule is what i am applying for my portfolio.

For existing coins I hold them in different holding options. Staking, flexible swap, etc. I also have a 10% budge that I trade. If i lose that I only refill it every 6 months.

For new projects that are launching on the market I usually pick 10 every 6 months to a year. I invest the same amount of USD in each of them. I expect a minimum of 2/10 to succed and bring me the full return on my investment + profit. If more that 2 are successful I am happy with that, but this rule helps you out by not letting you put all of your eggs in one basked.

At the moment my golden goose so to speak is Ethernity CLOUD. I am really optimistic when it comes to this project. One of their latest achievement and perhaps the greatest is that they became a certified member of the Confidential Computing Consortium. Can you imagine that? A project that is not yet launched has joined a top tier consortium next to tech giants such as google and microsoft? They also have a patent application for their technology so I really think they will change cloud computing.

[Lantind]

Its can be true because the team could abandoned the project anytime, but if you trust on a trustworthy project, loving it till the bull condition came would became your winning move.

To get a win, it must also be accompanied by patience because without patience, then victory will never be obtained, because waiting for the offering season is the longest thing in the crypto space.