Is it worth investing in coins you believe in?

[pauloaragaomelo]

Not all coin is profitable, potentiality doesn't depend on your belief. If you are emotional trader then you can believe anything that doesn't keep meaning. before investing in a coin you must have to research first, try to find out that coin's real life utility, previous price history, team member's/dev's experience behind the project. don't fall into hype & emotion.

If following the hype relies solely on luck to expect instant profits without personal analysis, we should make technical analysis to determine the scale of investment and buy it at the right time without rushing.

[1714712226]

1714712226

[Judrob]

Yes, it's worth having an investing technique on crypto for short term if you're good at it. Whichever is working fine for you, you should be consistent with that whether you're long or short.

That's the essence of this market for which all of us can do whatever we want so whether you're a guy who just like to invest for short term, then it's the best choice for you.

But if you want for long term, it's also the best choice for you.

I would definitely choose XSN - the native currency of Stakenet, among all other altcoins

Why?
- this project aims to speed up every transaction.
- its scalability with almost zero fees.
- safe, secure & no KYC.
- DEX built using credible layer 2 protocols (Lightning & Connext)
- current price of $.34, its really an amazing deal.

[tees420mar]

May be no, because recent days we all received fake coins and am afraid if by mistake anytime I connect it I might lose my other precious coins in my wallet even I also wanted to know how to remove or hide them. We must not try to sell those coins that landed in our wallet that is not in our knowledge. Be carefull while buying and selling any coins

[cabron]

If you believe in it, there wouldn't be a reason for not investing in it. I believe in some projects too even when there is fud about it from other users. But what you can do is believe more on the chart you see. If the price of the project you believed in has already skyrocket in the past, you will profit more when it goes up again. So dump it when you see the price had also skyrocketed to its ATH.

[MoisesTFX]

Of course yes, once you believed in the coins you invested that means in the future you knew to yourself that it will give
you a nice profit or savings. Just make sure that the coins you choose to hold in the long term or short term has a real
potential to increase in the future, or you did a research in it before deciding to buy em.

I agree with what you are saying because an investment of this type cannot be made, it lightens this game and we have to make an important decision based on our research. As long as you aspire to big things and think in the long run and not as if everything would end tomorrow since they are the investments that are really worth it, such as the Divi project.

[Rahman11]

Investing in crypto assets is always risky but also potentially extremely profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency.

[junkerr]

If you believe in it, there wouldn't be a reason for not investing in it. I believe in some projects too even when there is fud about it from other users. But what you can do is believe more on the chart you see. If the price of the project you believed in has already skyrocket in the past, you will profit more when it goes up again. So dump it when you see the price had also skyrocketed to its ATH.

Trust in the selected asset is very important. but before that, we must have the skills and knowledge to choose a good asset. do not choose the wrong asset, especially if you have to hold it for the long term.
because everything I think lies in the assets we choose. when we hold good assets, then trust can certainly grow by itself. because we know the assets we have are potential assets in the market and for the long term.

[Ngewex Yuk]

I think just relying on trust can't guarantee us profit, we have to do various research and analysis and follow a lot of information about the coin or project that we will be participating in, if all the analysis looks convincing then I will invest with a small value, keep abreast of developments through social media media and of course sources from third parties.

[CapGelatik]

I think just relying on trust can't guarantee us profit, we have to do various research and analysis and follow a lot of information about the coin or project that we will be participating in, if all the analysis looks convincing then I will invest with a small value, keep abreast of developments through social media media and of course sources from third parties.

Indeed analyzing it and doing research is important and also it influences when we make decisions too,
if we just believe what other people say it's not a good thing,
following developments from social media channels or whatever it is like you said it's important so you don't miss information

[(o)(o)ilikeboobs(o)(o)]

Short-term investments in new projects have the potential risk of not committing to code development. You should choose old projects, have specific products and most importantly, the community that supports these projects is strong.
That's how I survived in the crypto market.

[MauJohn21]

Of course yes, once you believed in the coins you invested that means in the future you knew to yourself that it will give
you a nice profit or savings. Just make sure that the coins you choose to hold in the long term or short term has a real
potential to increase in the future, or you did a research in it before deciding to buy em.

Trust is built over time, we are implementing different actions that help us in the process. In the case of cryptocurrencies, we are making small investments in a preliminary way and to the extent that we are receiving benefits that help us to trust. In my case, I trust the development that the Divi project has had. For example, with little investment I took advantage of his DiviGo wallet on WhatsApp and started generating passive income easily. It also has 5 levels of masternodes to benefit different types of investors.

[TastyChillySauce00]

I think it looks like stocks and crypto are the same, both are worth investing in, but in this case there is something more important than investing, namely that someone must know the right and right way to do it. for example, if you invest in digital currency then you should invest in crypto that we believe can give us more profits, both follow the method, for example the short-term or long-term method.

For long term, In my opinion it's better to invest into a well known project like some of NFT projects that has gained success. Long term holding need to do technical analysis because it's exactly long term it can't randomly pick a project, instead for it to be profitable it needs a project that truly has potential while with short term, the investment can be freely managed to reduce the loss caused by selecting the project for investment that's experiencing price fall. For long term, it needs a project that's like Axie or decentraland, both of them are good for long term if we see from its price for long term, for short term maybe a newer project like most of newer NFT games.

[john_nautica]

By just reading the title of course it is worth investing in the coins I believe in. We are not just going to find a coin study it and invest right? If we study it right of course we believe on what we understand of that coins. Right now I believe in coins such as Monero, some people doesn't see the true value of Monero but it gives us true and real anonymity I can tell you that this coin will be a trend and most secured way to do transaction online.

[gaston castano]

of course, because surely you have done in-depth research on the project and have determined when to buy and sell it, so you will not be easily influenced by market conditions in the short term, because you already have goals for the project.

[Xampeuu]

of course, because surely you have done in-depth research on the project and have determined when to buy and sell it, so you will not be easily influenced by market conditions in the short term, because you already have goals for the project.

Sudden short-term market conditions often make us psychologically shaken, so we don't concentrate on the targets that have been set. news that is temporary in nature will affect a person's psychology to take the wrong action. but we also have to choose the right coin to make money

[MKings]

Every investment is a coin of trust.
Every investment should be clear.
We are responsible for our money.
To invest in new projects, you must understand the basic information in detail, and don't trust others completely.

[Kunnu]

As we know both stocks and cryptocurrencies investment requires deep research to pick suitable investment option although it doesn't give a guarantee of huge profit but it protects us to fall in false information by other people's, a responsible person won't believe in other people's word whether if he/she is new in cryptocurrency industry the person needs to make decisions by his/her own and this is what you must do so if you have found potentials in that project which you mentioned above just go for it.

[rezasg]

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.

May I entice you to check on Stakenet's multiple staking solutions that provide an option for everyone, no matter how much XSN (the native coin of Stakenet) they own or their technical expertise. There is no limit to how much XSN you need to begin staking so you could start with just 1 XSN if you wish.
These are the Staking options that Stakenet provide:
- XSN Cloud Pooled Staking
- Normal Wallet Staking
- Cold Staking (TPoS)
For more information, check out their official site: stakenet.io

[Lantind]

Every investment is a coin of trust.
Every investment should be clear.
We are responsible for our money.
To invest in new projects, you must understand the basic information in detail, and don't trust others completely.

Instead of being wary of other people's words for new projects, focus on old coins that are already popular, instead of having to spend more time on new projects whose potential is still in doubt so you don't have full confidence in them.

[m.rifki]

Instead of being wary of other people's words for new projects, focus on old coins that are already popular, instead of having to spend more time on new projects whose potential is still in doubt so you don't have full confidence in them.

Yes, it's safer than having to bet on a new project, and if you look at the price of popular and powerful coins in the market being down, this situation is a good time to invest, but with a note buying with several price variants so that we don't miss the cheapest price. what we can get, although it's not bad if we dare to take risks on new projects, but looking at the market situation, it's better for now to focus on looking at coins that are already popular.