Is it worth investing in coins you believe in?

[Bravehash]

Table can turn anytime mate, sometimes we invest in coins that we believe will have good value in months but they end up worthless, I'd say don't invest because you believe in a project it's wiser to invest because of utilities the project possess and also don't put all your eggs in one basket

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[tvplus006]

The only keyword here is trust. Do you trust your money to the project? Do you trust that the project will be able to deliver its promise of a good product? Do you trust that the community will continue to support the coin for a long time? Do you trust that the information presented in the coin's website would convince you to invest on their coin? Do you know the devs and trust their capability to run a cryptocurrency or project? So many questions that you need to answer before investing in a coin.

In any case, the trust must be economically justified. Otherwise, if you have not conducted a thorough study of the project, it may lead to the loss of your money. For this reason, many people invest in top coins, believing that others have already done this work for them.

[Slow death]

in all honesty this very dangerous altcoin market, one might think that buying today will get 10X profit in a few years and in the end after years still hoping that the currency will have some increase. see an example of ICOs, until years ago it was the fashion, today the fashion is the NFT, in a few years they will create something else and this also happens with the altcoins that every day has some new altcoin that competes with the old altcoins, it doesn't to think about making an investment of something like 5 years, Is a long way off. currently for this crypto market i don't think you should buy and hodl for more than 2 years because the risk will be higher

[Godwinpaul]

Investing in the cryptocurrency industry is worth venturing, though the market seems bearish. Its possible to deploy the right strategy to help in making the best investment choice. The market would certainly go through this phase and the bull run may commence soon and one could make substantial profits from the market.

[tsaroz]

Cryptocurrency is an unregulated market and there's always risk while investing in any coins. Well established and less volatile coins could be a safer bet but huge returns lies on buying new coins on Private sell or their IEO. As for which coin to choose, there are different metrics to analyze the worthiness. You should start with their whitepaper and tokenomics, the business structure and the team's experience. As well other real life discussion and events organized and their participation.

[indo1]

When you believe , it should be worth it, because all of us in trading and investing always choose the one we believe in, there is no need to hesitate to do so, because losses are already at risk, and no correct predictions are accurate, all we need to do is trust and be patient.

[ChiBitCTy]

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.

This is a very interesting first and only post ever made here on bitcointalk. Call me skeptical but it would seem in reality this post is simply to promote Oracle ( $ORA).  ( Maybe I'm wrong). 

Anyhow, stocks and cryptocurrencies are two entirely different things, and they should be viewed as such.  As a financial advisor by trade I often have clients asking me about investing in cryptocurrencies.  The story I have for them is the same I have for any sort of newer, higher risk investments.  One should always have a basic foundation set for their portfolio.  Once that is set, then looking in to coin projects that you have interest in can makes sense.  Of course only invest what you can afford to lose. 

[tyr0699]

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.

Is really hard to follow the "trends" in crypto communities latley, people are not relying on their opinion, they expect others( influencers or public persons) to make the decisions for them, easier to blame when you fail if you ask me. The leak of personal opinions and personal assumption of choices makes people buy crypto as brainless as they buy phones for example. For me investing in something that speaks to me is as important in crypto as is in my day-to-day life, also this mentality hade help me make long-term decisions in the crypt. At this point I have invested in ETNY, 5k in the presale only because I believe in the project vision, https://bitcointalk.org/index.php?topic=5344159.msg57244402#msg57244402, this is the project. I am curious, what do you say, bad decision or not?

[sapnu]

Just by the fact that you believe on a certain coin that you chose to invest with makes it worth it already. For sure, you wouldn't have faith on that coin if you didn't make any research on the very first place. You surely observed and studied the coin well before investing so there should be a high probability that it will be soon successful. Just be patient whilst holding for it will make sense in the future as long as you stay faithful and determined with the investment you find worthy, it will surely pay off sooner or later.

[kapalmabur]

When you believe , it should be worth it, because all of us in trading and investing always choose the one we believe in, there is no need to hesitate to do so, because losses are already at risk, and no correct predictions are accurate, all we need to do is trust and be patient.

When it comes to risk, there must be a risk whether it's big or small,
and in trading or investing, it has risks, especially in cryptocurrencies which we know for ourselves that market conditions are very volatile,
what is clear before trading or investing in coins we need to do some research I think it's important and at least we can get more detailed information

[chikading2016]

Do not invest in particular coin because you only believe on it. You also need to research about the coin, the use case of that coin, the team behind that coin, etc., because in investing you really need to search about the coin you invest because crypto is full of scammers.

[Furious 7]

Why not? I always believe what I hold with the coin because what I choose is of course by doing the research and analysis that I can, for me the benefits will not be lost when the coins I hold and produce then I will sell it, and will not wait for a long period of time. long except bitcoin which I believe can restore the situation later.
The market situation has just turned red again, which means that there is still no steady stability for the market to maintain its original price, so I will take this opportunity again and capture a cheaper price and sell it when a few percent rises for me this is enough.
And could it be green again in a few days?

[Quidat]

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.

People should invest in coins that they believe in, not because experts and friends recommend a certain coin, it's your own money you are responsible for it and you should do your own research if you know the people behind it and you believe in their expertise and they are very transparent and you see the project moving find then it's up to you to believe it or not, but the bottom line is don't get your greediness to rule your decision it should be based on sound decision and you firmly believe on the project before you invest.

When it comes to selection of coins then this would basically be depending on you but there are people who do really rely their decisions on listening out on other peoples recommendation or suggestion which i dont see for it to be worth for someone to take on.Also whenever there are failures on said investment then you wont really regret as you do make your own decisions for yourself rather than on failing into someones suggestion would really be giving out that kind of feeling where you do regret.So its much better to stick out with your own.

[senyorito123]

For such a long period of time that I've been holding small valued tokens, I think patience really into existence for me. I've learned a lot of things that taught me to be satisfied in small profit. Even though there's a lot of problems on my finances it doesn't hinder all my plans because as long as there's an active community for my holdings; there's always a bigger potential that I may reach a successful trades someday.

[isaac_clarke22]

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They yearn for short term gains because of the volatility. The volatility of the market made them expect a lot in crypto space unlike stocks.
I am still leaning to stock trading, and somehow I can see slightly the difference between them and knowing that my mindset in crypto would not apply in stocks as well.

[SirLancelot]

I do not understand the question very well? I checked what OP asked and it is basically "should I trade quickly to make a quick buck, or should I invest long term on something that I believe make me profit?" That's the question right? Well how could that be the question? What makes that even a question? Isn't it obvious? I mean if you believe something will make you a profit then how can you not invest into it? How could you even stay away from it? That just doesn't make any sense to me at all, it is just insane to think about how you could not make any investment into something you think that will profit you, if I know that I am going to make a profit then nobody can stop me for any reason.

However if you believe you have no coin that you trust that way, and you can trade and make a quick buck, then you will of course go with that, why not? So it is about what you believe in, isn't that obvious?

[awik p]

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They yearn for short term gains because of the volatility. The volatility of the market made them expect a lot in crypto space unlike stocks.
I am still leaning to stock trading, and somehow I can see slightly the difference between them and knowing that my mindset in crypto would not apply in stocks as well.

although both stocks and crypto are the same as investing, they both have different characteristics. for those who have more courage in taking risks, crypto would be better to get more profit, but indeed the risk is greater. For those who have a lot of capital, I think trading stocks will be safer, although the percentage increase is smaller with a large capital investment in stocks will have a big profit as well

[otundebis]

I think the right approach to Cryptocurrency investing is to be objective about it.  There are so many altcoin that seem believable but yet,  it is all lies.  Anyone or group of individuals can justify the reasons you have to believe them with fact and figure,  but this space is still unregulated and no one can hold them accountable if they fail on their promises.

[iTradeChips]

That question right now for me would be a bit difficult to think about when it comes to the right answer. Maybe if you ask me that question many many years ago, I might have said yes, support your coin and you might be able to get to the right time you will be able to reap the benefits of your investment. But with the many things that happened in the past many years with the ups and downs of cryptocurrencies, you might have a different opinion now. You will think that right now it is best to invest only with the top coins like Bitcoin and Ethereum. Nothing more. Many Bitcoin maximalists and Ethereum apologetics will scramble to defend these coins to the public, spreading the gospel of no altcoins will match Bitcoin or Ethereum. Maybe I have mixed feelings right now, since I do have investments in other coins, not because I believe in them, but because I feel it will give me the raise I need.

[QueenVera]

Everyone seems to be spamming to the moon to the moon, but most people seem to be selling.

That's because that's what the industry is turning Into, we want the moon fast but aren't willing to help the project build a project that can take them there. Which is  why many are falling victim to scam that promise the moon just to decieve the masses into buying into their scams without any intention of actually using the money raise to finance the project but just disappears.

If you believe in any project, you invest and promote it because without promotion others won't know what that project can offer. Many authentic projects are out there but lacking publicity instead the over hyped scams are gaining publicity and soiling the reputation of the industry.