Is it worth investing in coins you believe in?

[Noruka]

So, in fact your journey has just begun and you have no involvement with cryptocurrencies, you are only interested in financial value and so will tend to be based on your experience with the stock market, but it's a little different because usually stocks pay dividends. Effectively and cryptocurrencies do not have this mechanism, the search for quick wins is insane as cryptocurrencies usually do not have this mechanism. The long term in cryptocurrencies is not the same as the stock market and one of the only certainties to date is that the BTC will be there.

This is not quite true. If you look at coins that have staking mechanism or if you look at all the new technologies in decentralized finance like farming and yielding and what not. The difference being for the moment that these technologies bear a higher risk than a stock of a well established company. Regarding your last point that it is a certainty that Bitcoin will be there, yes it is kind of a certainty maybe. But only because it might be a certainty that Bitcoin will be doesn't also automatically imply a certainty that Bitcoin will have a lot of value.There is still risk involved, many of which we might not be aware of and some of which may not be existent today, but well underway.

[Lantind]

investors I think most of them likely go for short-term investment and take off the little profit while the move on to other projects so the don't get caught up in the whale

Yes, now it is very clear that investors prefer to invest in the short term for a small profit and after that immediately move to another project to take a little more profit, because such a strategy is considered not to have a big risk.

[ansarose1]

When it comes to cryptocurrency investments, there isn't assurance to have worth it in the future if we tend to invest to the coins that we believe to give profit to us in the future. Because even if we believe on some coin, it could possibly give us either profit or not, but if we are lucky enough to pick some, maybe it would still be worth it if we gain profit in the long run.

[tabas]

When it comes to cryptocurrency investments, there isn't assurance to have worth it in the future if we tend to invest to the coins that we believe to give profit to us in the future. Because even if we believe on some coin, it could possibly give us either profit or not, but if we are lucky enough to pick some, maybe it would still be worth it if we gain profit in the long run.

You will pick coins that you only believe and you've done your research. You don't pick random cryptocurrencies without any basis and that's a wrong move if that's how you pick your choices.
You're not going to grow with that strategy because you'll prone to get more losses without doing any commitment with the choice that you've picked. And that is why many are believing in what they've picked because they did research first before they've bought it.

[ROSEDF]

I believe in the currency I invest in, but that doesn’t mean it will keep going up. The cryptocurrency market is up and down. You have to know before you invest another currency, and don’t invest all your money in cryptocurrencies, you can take the right amount of money, invest it again, and still have the rest of your life. And trust no one else,

[fileo]

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.

[arifteguhr]

It‘s not about believes, but about fundamentals, whether it is a good coin/token or not. Not a financial advice.

Because of strong fundamentals, it can give birth to mature confidence in that,
because a good coin will always have strong fundamentals in any market and under any conditions.

[Lantind]

We never know the future of crypto, but boldly investing when it becomes a trend is a good thing, I believe crypto can last at least 20 years from now so investing in coins that are already popular is a very profitable thing.

If you say crypto can last at least 20 years from now, then you are a person who can predict the future of crypto, this is clearly extraordinary because I see every human being very difficult to predict the future, although I personally also believe in what you say, but I dare not say it because it still can not be guaranteed.

[john1010]

Not only in what we believe in. because if it is your basis, there's a big risk about it, we need to do aur own research and validate every project we want to put our money with, the best part is always look on their project, is it feasible, is there a good community who are give their support? that's the question we need and also look on the project, is it base on reality? many project gives only great expectation but it's too far in reality.

[bitzizzix]

Although most people believe in their choices and do so based on analysis and research, and their feasibility cannot be judged on assumptions or beliefs alone, they should be analyzed in depth from various aspects without careful consideration, not investing like buying a cat in a sack.
which means that investors do not know whether the investment or project will be profitable or not.

[Quantum907]

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.

Good analysis, many things to consider when investing in crypto, there is no guarantee that all the tips and advice will be effective because many projects that were originally solid are now worthless.

[CryptoGuy42]

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.

One of the first questions I ask myself when I look at any new crypto is "does it have a use case/utility?" If this question cannot be answered, then I move on. I am not saying I wouldn't come back to it later if I see new news or learn something new, but I like my tokens/coins that have use cases. What do you think of Black Eye Galaxy ($BYG)? Upcoming NFT token that can be used "in-game" for collecting planets which the collector can use to stake or mine and get returns.

[sherenikaw]

Investing in crypto is still a profitable investment and I believe crypto investing has good prospects. We know a lot of coins that have good prospects here. Apart from btc, there are altcoins which are good for long-term and short-term investments. It all depends on how we manage our assets properly. There are many types of coins here and we must be smart and careful in choosing the coins to invest. Personally, I hold some coins and some I trade too. I hope it works because some of the coins I have have no value. Crypto investment will be profitable if we are willing to manage it well and be patient. Until now I still believe in the coins I invest and I will try to manage them well.

[distr@yopmail.com]

In my view, we should dare to invest in crypto coins when we are sure. However, we must also have the technique and ability to research the coins we want to invest in detail so that we can make decisions in investing in the long and short term.

that's what everyone really should have. because investing is not just about our beliefs. there are techniques and knowledge that must be possessed. and such knowledge cannot be obtained without experience.
The more you try, the more experience you will have. and it will grow our skills and knowledge.
most importantly never close yourself to a development. when we continue to grow, it will be very good for our investment in the future.

[Kimonoe]

In my view, we should dare to invest in crypto coins when we are sure. However, we must also have the technique and ability to research the coins we want to invest in detail so that we can make decisions in investing in the long and short term.

researching new projects is not easy, especially for a beginner like me, sometimes projects that look good are actually scams. but for me if we want to invest why not in bitcoin, I think in bearish times like this time we can buy it without researching. and we can hold it in the long term to wait for the bullrun to happen again

[molsewid]

We never know the future of crypto, but boldly investing when it becomes a trend is a good thing, I believe crypto can last at least 20 years from now so investing in coins that are already popular is a very profitable thing.

No one knows what would be going to happen in crypto industry by the next hours, next minutes, next days, next month or even next year it is absolutely unpredictable and crypto market was full of surprises. At first when I heard bitcoin and ethereum I thought that this will just passed by and not going to stay and it was a 5 years ago but here it is now a well grown industry proven that if you only just believed in it you'd now became a millionaire. So it is worth to invest in the coins you believe in, the answer is yes.

[randegibran]

if you want to start a business, the first thing is to make sure that the business can be profitable for us to be in it, and also how the performance of the business can we get profits in the business that we are in, if the crypto business that you are going to run is what It is also used by many people or only a handful of people. Because to get into a business, we must explore how the business system works

[conected]

I think we should only believe in things that we believe in. And if we are fully believing in a crypto coin to succeed than we need to invest. Nothing is worse than seeing a coin rising which we could have bought ourselves. It doesn't matter if its stocks, bonds or crypto coin, as long as we believe in the success we should be investing.

- I appreciate your opinion about your confidence in investing but don't turn it into arrogance and bigotry, investing doesn't have a view of right and wrong too much, more precisely, our belief in investment is centered around the concept of benefit, if the project is not profitable, the convention of trust should be broken, terminating cooperation and looking for new projects. It is necessary to actively clarify the point of view of such benefits, the judgment based only on the belief factor is too subjective and lacks science and calculation in investment.

[TopTort777]

Another question on bitcointalk just to make another topic. This is similar to asking do believe in what you believe?
Why asking such obvious things? What kind of anwer did Orsooooo expected to receive? I believe in a project so much, it will have a great future, but, I dont recommend investing in it. Like that?

Topic starter registered just to created a post and disappear? It he an alt, that created a topic so that his main account can post to reach weekly post minimum?  

[devil2man]

I do not know at the moment at least for me and the time to stand still so do not buy or sell even if there are altcoins in which i firmly believe such as eth, bitcoin, bnb unfortunately now the market is too unstable, i will start buying again when the trend of the market for this year will be more or less noticeable