Is it worth investing in coins you believe in?

[Orsooooo]

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.

[sunsilk]

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.

[Meta anggraini]

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.

For me stocks or crypto have many similar behaviour, theres scalpers and investors, most of investor on crypto and stock are same, they are believers of fundamentals and wont cashout until they reach point that they think its enough. Although scalpers is the one who short-term which only search for a small profit. For me, im an investor for some coins like EOS, BNB and a scalper for many coins who i think its will return me a profit soon. The profit from scalping activity mostly will return to fuel for buying my favorite investing coins.

[adzino]

If you think ORACLE is going to do good, then you probably have done your research, right? You probably have seen that it has potential, hence you are investing in it. Don't expect to get rich overnight though. Good projects take time to get discovered. So be prepared to hold for long term. And make sure they have active developers and community and actually working on it. You can make a paper look good by writing all bullshit, but not working on it means the project is nothing.

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

If you want to invest because everyone is saying "to the moon to the moon", then don't invest. You will regret.

[Rengga Jati]

-snip-

Firstly,welcome to this forum and crypto.
Investing is not about believing in it or not. Investing in crypto is about some terms:
- How you do research on it
- How the team and project development
- Never only believe on some terms this coin will be to the moon, buy now and to the moon, and many other FOMO and hype.
- If you are new in crypto, it is better to go to the top coins, it may be risky, but it is riskier when you are going to non-top coins or moreover the new coins or tokens from new projects.

I personally always divide the coins for the long term and short term.
There are some good and promising coins for the long term in which they have strong fundamentals. And moreover, if they are reputable or trusted top coins, you may have them for the long term, such as BTC, Etheruem, BNB, and some more.
However, if you want such daytrade coins, you can see for some coins in which you really know the daily charting, the highest and lowest price in 24 hours, the possible changes in several hours, and also other analytical ways to research the coin or token.

Both short-term and long-term have their own profits and risks.

[nowlscor18]

If you think ORACLE is going to do good, then you probably have done your research, right? You probably have seen that it has potential, hence you are investing in it. Don't expect to get rich overnight though. Good projects take time to get discovered. So be prepared to hold for long term. And make sure they have active developers and community and actually working on it. You can make a paper look good by writing all bullshit, but not working on it means the project is nothing.

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

If you want to invest because everyone is saying "to the moon to the moon", then don't invest. You will regret.

If you were just investing because you just believe in it without even knowing how stable is it, then I guess you are wrong. I suggest that you need to research more on it, what was the best coin to invest and need to study the development of the project. Investing on the coins that you just only believe is too wrong, never believe to those words that, this coin will be to the moon because I guess you will regret this. If you were new in crypto, it is better for you to search on top coins, I believe it maybe risky but it is riskier if you invest in the coin you only believe in.

[wxa7115]

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 do not see why it needs to be different, the most common example of people doing this is bitcoin, people really believe in it but this is easier to do when we take into account it is the number one coin in the market, the most popular, the most widely aaccpted, legal tender in one country, the one with the most users, the first decentralized coin and it was made by satoshi.

However if after taking a very deep look at a particular coin you feel that it is a coin worth holding for the long term then do it, now it is a risk but it can also easily give you the most profits by far, as if you select a good coin at the early stages a 100x return is not unheard of.

[ryzaadit]

Is up to them or you what type of investor/trading you are, they have their own financial problem! even they are just a short-term traders/investor they at least add some volume trading into the market. The market doesn't give some F to your financial outcome, so went you have a lot money and don't have any problem at all to invest a money for the next 5 years then feels free to hold.

Some people have some life and family to be feed so you can't determine all people is need to be the same like you + is their own money not yours!

[Coyster]

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,

I just hope you're not shilling for this coin above (Oracle).
But btw, when investing in a project, what's of most importance should be it's long term sustainability, users should not go after 'lottery' coins cause they are as well pump and dump coins and you could prolly not escape the dump.

If you believe in the Bitcoin network like most of us do, then you'd prolly not think too much about altcoins because they are more for the short period of time, unlike Bitcoin that has a network that will function for a very long time.

[dothebeats]

Well if your gut feeling tells you that the coin is in for a good development and the roadmap is quite attainable, I don't see anything wrong in investing on the coin that you believe in. However, do understand that there are certain risks accompanied on investing in altcoins, much like the stocks—although on the latter the risks are diminished thanks to regulations. Just assess the market of the coin that you want to buy and gauge whether it is a good investment or not, just like what you're doing with your other assets.

[Chuky92]

Before thinking of believing in a coin you need to understand what the team are up to, you need to know how solid what they are building is, else you will end up losing at the end. A lot of people you see taking quick profits on coins are sometimes people who learnt the hard way, don't get me wrong, it is good to believe in a coin and it is also good to be wise about it. Humans can change and since the team are also humans, it means they can change too; many have done this while only few are still trustworthy.
Therefore when you believe in a coin through carrying out a proper due diligence, then it's worth investing in but yet follow up the project closely to be sure the team are always improving and making better products and services which will make your investment time worthwhile and also worth it.

[speedforce]

Coming from stocks, I deem crypto investing quite different, and I am still to get my complete understanding behind it.

In my perspective and my understanding stocks trading is like spot trading on crypto, while people bid and ask on the price that they want.
About the behaviour between investor of stocks and crypto, both are based on the people itself, i know most of the stocks trader are long-term investor which believe on fundamentals while on crypto only some people who did it.

[BigRasputin]

Actually, I doubt it because nowadays it's all about trends people just put their money inflow but, in the long run if u wanna hodl just go for it!

[Bitcoinjheta]

In my humble opinion stocks and crypto are all worth investing. The only thing on this is a wide knowledge and understanding on different method to apply your strategic plan. Stocks are known to be profitable through the long term run while crypto has the same strategy the thing of is you can play around by trading which involved with time and patience to get you're good earnings.

[LordMiguel]

the major aspect is to know when to get in and when to get out. shit coins are on the raise and many are still coming out. no matter how careful you are, you might ended with one. recently, i loss my ethereum to a staking platform that promises airdrops. currently i have decided to invest in only the top tokens that i know in the market and not those that are still upcoing.

[carlfebz2]

When investing on cryptocurrency then success and a mix of luck and gut feeling would really overall be much needed for you to succeed into this venture.

Due to lots of projects in the market then its really hard to determine which one would really give out fortune on you and which one would turn out to be a complete trash in your portfolio and this is why i do always consider that investing into this field does require a bit mix of luck when choosing.

If you do put up efforts on making out research and in depth understanding on the projects you had invested in then you do at least have the chance to make money comparing if you had just make out blind out selections basing with those pinpointing in mind because it did just simply interest you in.

This isnt how this crypto market investment works and it does need a bit of little effort at least.

[Kasabus]

You really have to invest on the coin you believe in especially if you made your own analysis on that. If you are still not familiar on cryptomarket especially on using crypto wallets, deposit and withdrawals, better to keep on learning before you invest. There's a lot of good opportunities in both stocks and cryptomarket, you just have to diversify the risk and try to maximize every opportunity. You can also see some crypto hype for trading, but make sure that you'll still analyze it.

Crypto is always a high risk investment so there should be a good analysis first on the coins you want to invest. It's not enough that you will make such investments because you believe in it. You should at least make a good research and find good reasons to make you convince to invest in it.

However, crypto always give freedom to everyone as its never a centralized coin so the people are free to invest in those coins they are interested but if we are aiming of huge returns, invest in coins that have bigger potentials and have gain the trust of early investors in the community.

[mhine07]

For me yes it is worth investing in coins i believe into, it is important that you believe in a certain coin you want to invest because that is one of the reason for you to gain profits from your investments. It is wise to chose those coins that you can benefit in gaining profits for short term or long term. Just like i believe in etherium and i invested in it with some of my money and after its value rise up i gain profits from it, doubled my investment.

[cabron]

For me yes it is worth investing in coins i believe into, it is important that you believe in a certain coin you want to invest because that is one of the reason for you to gain profits from your investments. It is wise to chose those coins that you can benefit in gaining profits for short term or long term. Just like i believe in etherium and i invested in it with some of my money and after its value rise up i gain profits from it, doubled my investment.

Sure. It's why you believe in that coin in the first place. The team must have said something that made you believe and invest in it. Normally investors are going to expect returns whether for short term or long term so this has to be considered. For the rest of us, altcoins are actually for short term because they know once the hype died, the team could also be gone.

$ORA as what the OP is saying is not even in the coinmarketcap so its hard to say if it's even worth investing but seeing its also NFT, who knows.

[sumant]

Yes I think in every department of life we should have believe in ourself. When you investing in coin you have to believe on that otherwise you going to sell when market will down. A strong believer in the project always going to hold and take benefits from coins. When you talk about investing in any project, believe and patience both will definitely going to be key of success. Any market always test your believe and patience and few people arround this world has both specialities.