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Author Topic: Be careful what you choose to invest in now, not all coins will recover.  (Read 2823 times)
Westingcote
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July 26, 2021, 01:57:12 PM
 #61

New coins and projects should not be given the hype they crave for. You feed them with hype, they will expand further and draw more of a crowd and essentially scam more people. It is true, similar thing happened with the ICO craze back in 2016-2017 when everyone was coming with a new idea for an ICO and people blindly followed them putting in a hundred dollars for each one hoping to see gains.

But it all crumbled down to nothing when the fact came into light that ICO tokens were not securities nor equities and once the team decided to show its true colours, the investors were the one who were scammed off their money.

Similarly, hype is what pushed up the DeFi and NFT craze. People who are thinking about investing in these because bitcoin is beyond their reach are being foolish.
The best thing about 2022 coming closer is NFT's are going to be dead and we wont have to hear about them anymore.
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July 26, 2021, 03:59:11 PM
 #62

I've make up my mind to never build any portfolio when the market is still in a good condition, whatever is happening presently is still under probability I believe that another year like 2018 will be here soon and that's the perfect time to start accumulating more coins

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July 26, 2021, 04:19:47 PM
 #63

yes, it is right all coin is not recovering I chosen eth because it is a strong project that's why I have chosen eth I bought eth on 1900$ now its price is 2300$  Grin

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July 26, 2021, 04:22:47 PM
 #64

~
tldr, just don't FOMO or panic.
Get used to people looking for easy money in crypto and they won't care regardless of what type of coin/token it is. They are not into technical stuffs.
I am talking about those people that does not have a single experience holding anything inside crypto.
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July 26, 2021, 05:27:49 PM
 #65

Agree, even real-project with good use case will have some struggle to do recover if its going to deep, i saw it on Pirl.
Becareful with what you pick since market is like a jungle which hard to predict.
The bitter truth, I remember most altcoins that had good product back in 2017 and pumped during that bull run, after the crash they never recovered from it, some of them were still up and running even till this recent bull run, but they were never able to go past the 2017 ATH, probably because they have lost the community cause new projects emerge everyday you need to be on top of the food chain if you want to stand a chance to survive.
I agree, invest in solid projects with good fundamentals that have a real world use case. I'm buying UTNP and 0xMonero right now.
This is first time I'm hearing about those coins you mentioned and I bet alot people have no clue about it either, it's better you stick to well known projects that are growing in fast pace, e.g the likes of Nearprotocol is a project you should consider to invest in for long term benefit, although don't forget DYOR, it's very important.

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July 26, 2021, 06:16:12 PM
 #66

I've make up my mind to never build any portfolio when the market is still in a good condition, whatever is happening presently is still under probability I believe that another year like 2018 will be here soon and that's the perfect time to start accumulating more coins

Indeed, that's actually good decision for your portfolio to prevent from losses. Also, DCA might be good for anyone if he/she decides to hodl bitcoin/potential alts for longer period of time. TBH, bear market is the best time to accumulate more at dip for higher ROI and best of luck for choosing the right/potential one for portfolio.  Wink

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July 26, 2021, 06:57:51 PM
 #67

New coins and projects should not be given the hype they crave for. You feed them with hype, they will expand further and draw more of a crowd and essentially scam more people. It is true, similar thing happened with the ICO craze back in 2016-2017 when everyone was coming with a new idea for an ICO and people blindly followed them putting in a hundred dollars for each one hoping to see gains.

But it all crumbled down to nothing when the fact came into light that ICO tokens were not securities nor equities and once the team decided to show its true colours, the investors were the one who were scammed off their money.

Similarly, hype is what pushed up the DeFi and NFT craze. People who are thinking about investing in these because bitcoin is beyond their reach are being foolish.
The best thing about 2022 coming closer is NFT's are going to be dead and we wont have to hear about them anymore.
A very optimistic opinion. NFT projects are developing very strongly and very interesting solutions are being developed for NFT projects. For example, scrt.network allows the customer to see the Picture in low quality, and after the purchase, the customer gets the picture in the maximum resolution.
Before that, each customer can download pictures for free.

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July 26, 2021, 07:31:42 PM
 #68

we must clarify it when we give advice because they can be a newbie and they will think that all coins are the same and they will think  that investing in crypto is as simple as buy low and sell high .
they  need to make their own research because the advice that they recieve can be incaurate

Quote
Majority are losing value because people are seeing them for what they truly are
what is wrong with that? if a coin is pump and dump, we need to treat it as a pump and dump but it becomes bad if we treat the coin differently same applies to top coins because people are forgetting thier real use
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July 26, 2021, 07:36:45 PM
 #69

I 100% agree. Just buy good cryptos like Bitcoin, Ethereum, etc. as a beginner.

I like cryptos and stocks. Not a financial advice. Subscribe to my YouTube channel! linktr.ee/dndfinance
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July 26, 2021, 07:52:15 PM
 #70

I also think so, we should invest in real projects which are still developing and launching new updates, news, and knowledge. The team should be active in every social media and give us every information about their project.
I think most meme coin's team members have been run away and now they will never come. So becarful and don't take entry in any coin withould researching about their team.
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July 26, 2021, 08:31:48 PM
 #71

I prefer old coins with strong fundamentals to invest in when the market is down. new coins run the risk of being useless, unvaluable and difficult to recover. we see how many coins in the pancake lose their value even die.

I agree with you, if we invest in old coin, then of course we can find out which coin that have the potential for the price to increase and give us profit, because we can see the progress of the project and the volume or market cap of the coin, so it will be safer to invest in old coin instead of new coin, because new coin don't have much progress yet, so the possibility of the project can fail it will happen, therefore I agree with you to choose old coin rather than new coin.

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July 27, 2021, 06:14:17 AM
 #72

Agree, even real-project with good use case will have some struggle to do recover if its going to deep, i saw it on Pirl.
Becareful with what you pick since market is like a jungle which hard to predict.
The bitter truth, I remember most altcoins that had good product back in 2017 and pumped during that bull run, after the crash they never recovered from it, some of them were still up and running even till this recent bull run, but they were never able to go past the 2017 ATH, probably because they have lost the community cause new projects emerge everyday you need to be on top of the food chain if you want to stand a chance to survive.
I agree, invest in solid projects with good fundamentals that have a real world use case. I'm buying UTNP and 0xMonero right now.
This is first time I'm hearing about those coins you mentioned and I bet alot people have no clue about it either, it's better you stick to well known projects that are growing in fast pace, e.g the likes of Nearprotocol is a project you should consider to invest in for long term benefit, although don't forget DYOR, it's very important.
NEAR protocol is definitely a winner, not arguing that.
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July 27, 2021, 06:45:43 AM
 #73

The popular opinion now is buy the coins that are down, and when the market recovers that you'll be in profit. While that saying is correct but that doesn't go for all coins. Don't go buying every coins you see losing value just because you think when the market bounces up, they'll follow. Majority are losing value because people are seeing them for what they truly are which are just a waste of investment and time, also a ticking time bomb waiting to explosed.

The memes you all are rushing to buy today most probably will die with this market and won't be much of a sort after coin when the next bull run comes same goes for the Defi, NFT, launchpad projects you're all rushing to get them cheap not knowing you're buying a waste. Choose wisely, follow up the project. See if their developers are working on something or just hiding behind the now popular saying, the market is unfavorable.

Project with visions uses the bear market to build as they'll be getting less distracted with the whole when moon or when binance question for those not listed there yet. The current market situation present an opportunity to research properly and invest wisely, take notes.
The current market, there is a great opportunity to be profitable for anyone who dares to buy coins.
I agree with you, that for the most part, the price of the coin is still at the standard price, meaning it has not increased.
From market conditions like this, choosing the right coin will be very beneficial if used for short-term investments.

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July 27, 2021, 06:50:50 AM
 #74

That seems so sad and this is what we commonly see in the market where a lot of people just ride on the market hype, investing in the project that they even never know if that is legit or just a scam thing.
Would like to correct you that it is mostly the get-rich-quick people who in either fiat or crypto markets end up spending money on hyips, short term gain methods to make money and they all end up in the same pit.

You can keep investing in fiat markets in stocks that you know are well performing, you will get profit if you enter low. Similarly with bitcoin too you can profit if you buy at low. But not with speculative altcoins that have no inherent demand.

Quote
In this case, these investors are just relying on luck, not on the potentiality of the project itself. That really find ridiculous and if it happens that the market won't able to be hyped according to their expectations, these investors will surely have their losses and regrets.
Well some people like to gamble and they need new things to gamble on. Scam operators know this and therefore they craze buzz about a new topic, nothing short of copying another old less known one and start selling it in some manner. Point is, some of these projects may be legit but they get drowned in the sea of worthless money-grab projects.

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July 27, 2021, 08:55:32 AM
 #75

Agree, even real-project with good use case will have some struggle to do recover if its going to deep, i saw it on Pirl.
Becareful with what you pick since market is like a jungle which hard to predict.
The bitter truth, I remember most altcoins that had good product back in 2017 and pumped during that bull run, after the crash they never recovered from it, some of them were still up and running even till this recent bull run, but they were never able to go past the 2017 ATH, probably because they have lost the community cause new projects emerge everyday you need to be on top of the food chain if you want to stand a chance to survive.
I agree, invest in solid projects with good fundamentals that have a real world use case. I'm buying UTNP and 0xMonero right now.
This is first time I'm hearing about those coins you mentioned and I bet alot people have no clue about it either, it's better you stick to well known projects that are growing in fast pace, e.g the likes of Nearprotocol is a project you should consider to invest in for long term benefit, although don't forget DYOR, it's very important.
NEAR protocol is definitely a winner, not arguing that.
You can say that, but do not forget that other projects want to be the winner. All projects will compete to get the attention of the investor, traders, and the public and they will do many things to make sure that their project can make a big profit in the future. So that is our job to be selective to choose the project and always research before we invest in any project because we will have a responsibility to make sure that our investment can give us profit.

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July 27, 2021, 10:02:30 AM
 #76

I agree with the author of the topic. You do not need to pay attention to shield coins like $pepe, $meme and so on. This shit will definitely fall and never recover!
It is better to pay attention to coins with potentially new technologies.
Near Protocol for example. They look great now and are quite inexpensive, I expect good growth as soon as they conclude a big deal with the government or some IT sector company.
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July 27, 2021, 10:04:59 AM
 #77

The memes you all are rushing to buy today most probably will die with this market and won't be much of a sort after coin when the next bull run comes same goes for the Defi, NFT, launchpad projects you're all rushing to get them cheap not knowing you're buying a waste. Choose wisely, follow up the project. See if their developers are working on something or just hiding behind the now popular saying, the market is unfavorable.

Project with visions uses the bear market to build as they'll be getting less distracted with the whole when moon or when binance question for those not listed there yet. The current market situation present an opportunity to research properly and invest wisely, take notes.
This has been the case for many many coins before but for some reason people keep on ignoring it. The reality is that after the 2018 bear run we have seen all coins go down, but looking at the top 50 right now, I can see many coins of those days end up not being high at all nowadays, why? Because even though most other coins recovered, some of them didn't.

I remember a period when BSV was seen as a top 10 coin and Craig worked really hard to keep it that way, spent his own money to keep it that way, it was always known that it couldn't sustain that level but some people bought it anyway, even BCH was seen as a way out, but miners couldn't keep it that way for too long. Basically there are still some coins that will not recover from this bear run too much, they will not suddenly become zero but they will not increase the way others will increase.

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July 27, 2021, 10:12:53 AM
 #78

This is so true. Up to this point money has been everywhere and even shit projects have made you good returns, but the more crypto is mainstream the less this will happen. Only projects with utility and scalability will be the ones that last. I found NEAR and am in love with it. I recommend you find a project that you can fall in love with. I’m a bit of a futurist and always do my research and invest in projects I think will be huge in 5 years. I chose to put a lot of my money into NEAR because of its dev team, backers, and the fact that it’s ready for mass adoption. Another plus is their community is very helpful. I joined their telegram about a week ago and the admins answered all of my questions in great detail. I’m not saying that you have to fall in love with NEAR although I recommend looking into it, you need to find a project that you can fall in love with for the future because mass adoption is coming and when it does you want to have your money in a usable coin that’ll last.
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July 27, 2021, 10:21:34 AM
 #79

Exactly, not every coin is going to survive the bumps and dumps in the market even many recongized coins vanished in the past due to the extreme dump so the only way is to pick the right coin for long term investment is to look up the utility and community support.
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July 27, 2021, 10:52:06 AM
 #80

It's basically impossible for them to recuperate regardless of whether the bear market's no more. An example of those can be found on the last pages of coin positioning locales. The cost of the coin isn't only the lone thing to think about when purchasing, as what I did now, I took the historical verification of that specific coins, do advertise examination.


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