Altcoin investment

[Golftech]

That's a mistake made by your friend.

Why would he buy an NFT without doing any research about it? He should've done better for himself and didn't just bought without knowing what's with the NFT he bought.

Sorry for your friend but that's a lesson to be learned.

Lesson from a tough, experienced, investing without doing further research most of the time ends up like this,

if you wanted to invest, you need to spare more time in studying the business, sorry for that person he can no

longer turned back the time but he can use that mistake to avoid losing more money when investing, if he choose

to continue, he should take deeper investigation before throwing his money.

[kro55]

My friend lost a lot from buying the newly launched NFT, maybe he was too greedy so he made a purchase and didn't do research and in the end felt sorry that he had lost a lot in this case so that this complaint happened a lot.
For me it's an important reminder because analyzing is the main thing before you buy it, if you think it's good with the product being developed then we can draw conclusions about the NFT, so doing research is the most important in my opinion.

Unfortunately there are too many people who end up doing something stupid like that just because there are people who invest into NFT like crazy and others hope that they could definitely sell their newly minted NFT. I hope that there is a good reason to buy a good NFT and you could mint it and that would be a lot better, and they could sell it for a lot of money.

However, there is a good case that just because it is NFT, but there are only a few of them available and most of the time there are bunch of shitcoin like shitnft's and that is how you lose your money. It is not just your friend, it is something that is done by a lot of people and that is why there is nothing wrong with it. Yes they are losing money but at the same time it is something that everyone is doing, and which is why we need to actually realize that it is not a big deal and just let it be.

NFT is the most ridiculous thing in the crypto world. NFT tokens that are launched in Ethereum smart-contract can only be purchased. When you will go to sell collectibles, you will get embarrassed. Blockchain fees are so high that you have to pay more network fees than the value of your NFT token. Even if you make a selling post by paying a higher network fee, it will be pending for months on end. If you cancel the order, your fee will be deducted . very funny way to trick the buyer.

[JackieAinsley]

If you're a beginner, investing in NFT games would be too risky especially if you don't know how crypto investment works. Most NFT projects these days are just carried by the hype and usually, after the investors and developers take their profit, the project turns into trash. You better invest with profitable top coins than on new NFT projects that aren't well-founded.

Now gamers have a lot of opportunities. To increase their income there are Decentralised 3D Gaming  like this  - https://medium.com/e-money-com/decentralised-3d-gaming-platform-passage-explores-e-moneys-suite-of-european-stablecoins-a2bc0b6532ef

[acapulco]

I have some capital and I will like to know the right token to investment in. Am new to NFTs and will love to get your opinion on which NFT to buy for a short term base.

For me, the best investment I made was dash diamond (DashD), I started with 400 or 600 coins, I had invested 300 dollars, now I have a little over of 116,000 coin on my wallet.

In the last two months, I have collected over $ 7,000 on Birake exchange. Now my wallet generates on average of 1000 coins per day.

I minted this coin nonstop from the start.

https://bitcointalk.org/index.php?topic=5173754.0


I am in this list of Best staking addresses (24h)

https://www.vaultwatch.eu/detail.php?coin=dashd


the nft is like the lottery, you might as well buy a lottery ticket, there are too many of them, everyone wants to create one, it has become nonsense.

[moderator's note: consecutive posts merged]

[Russlenat]

the nft is like the lottery, you might as well buy a lottery ticket, there are too many of them, everyone wants to create one, it has become nonsense.

Go with the right project and you'll likely succeed.

You can't compare it with lottery the chance is clearly very lower, lower than 1% while investing in NFT, you can have a chance of like over 50%, that's why some investors are successful because they do their research if you don't then most likely that will never changer your perception on NTF.

[jostorres]

For me, the best investment I made was dash diamond (DashD), I started with 400 or 600 coins, I had invested 300 dollars, now I have a little over of 116,000 coin on my wallet.

In the last two months, I have collected over $ 7,000 on Birake exchange. Now my wallet generates on average of 1000 coins per day.

I minted this coin nonstop from the start.

That’s pretty cool man. So, I just checked the thread which you linked to know more about the project, and also did a little quick research on the Dash Diamond. This is the first time I am seeing that name, and it happens that it is not listed on exchanges like Binance.com and Coinbase, or even Kraken and the rest of them that are quite popular. From what I have seen, it is listed only on three exchanges: CREX24, Birake, Graviex, and I have never heard of these exchanges before.

[fullhdpixel]

the nft is like the lottery, you might as well buy a lottery ticket, there are too many of them, everyone wants to create one, it has become nonsense.

Go with the right project and you'll likely succeed.

You can't compare it with lottery the chance is clearly very lower, lower than 1% while investing in NFT, you can have a chance of like over 50%, that's why some investors are successful because they do their research if you don't then most likely that will never changer your perception on NTF.

I agree that when you are investing into something like NFT then you do have a better chance than what lottery chance is. However, it is still not that high, not at 50% chance if you ask me. NFT collections are dime a dozen and not all of them will make you rich. Consider this fact; you could spend maybe 2 thousand dollars and get some artist to draw you assets for a collection, then pay another 2k dollars for a developer to build that collection for you, spend another 1k for a social media and for your website, get those social media posts ready for it as well. Then spend 5 to 15k for marketing as well.

Now you spent 10-20k dollars on having your own NFT collection, then you could make it public and sell them and if it is so easy then you make millions of dollars. If it was that easy and if every collection was getting big returns then everyone would create their own collections and become a millionaire.

[SirLancelot]

For me, the best investment I made was dash diamond (DashD), I started with 400 or 600 coins, I had invested 300 dollars, now I have a little over of 116,000 coin on my wallet.

In the last two months, I have collected over $ 7,000 on Birake exchange. Now my wallet generates on average of 1000 coins per day.

I minted this coin nonstop from the start.

That’s pretty cool man. So, I just checked the thread which you linked to know more about the project, and also did a little quick research on the Dash Diamond. This is the first time I am seeing that name, and it happens that it is not listed on exchanges like Binance.com and Coinbase, or even Kraken and the rest of them that are quite popular. From what I have seen, it is listed only on three exchanges: CREX24, Birake, Graviex, and I have never heard of these exchanges before.

I am a bit interested in it, just that the exchanges that they are listed on, are not the exchanges I make use of, and I’m strict when it comes to which exchanges to make use of. I’d recommend that their team should look into making their coin available on the exchanges I have mentioned before. And they should as well try to get their coin listed on coinmarketcap.com.

According to coingecko, the coin has a market cap of $34.5 million, which is quite good for a coin that has only been around since 2019. And it seems like it has been seeing a good level of growth, which you also made clear from your comment.

[acapulco]

I never had a problem selling this coin, there is enough liquidity, just look at trade market history, what I like is that it is always the same price, around 1 euro

However this exchange was posted on bitcointalk.

Birake was founded in 2018 and originates from Estonia.

https://bitcointalk.org/index.php?topic=4929796.0

(....)and it happens that it is not listed on exchanges like Binance.com and Coinbase, or even Kraken and the rest of them that are quite popular. From what I have seen, it is listed only on three exchanges: CREX24, Birake, Graviex, and I have never heard of these exchanges before.

Well, maybe when it gets listed on a bigger exchange, the price will be higher.

I am a bit interested in it.

I can advise you to invest 100 dollars on ihostmn in masternode sharing, a return of more than 500% over the year, you will get there. You can also buy the coins on ihostmn.

Of course, this is not investment advice. 

https://ihostmn.com/sharemn.php?id=92

https://masternodes.online/currencies/DASHD/

[moderator's note: consecutive posts merged]

[Kezacky]

I have some capital and I will like to know the right token to investment in. Am new to NFTs and will love to get your opinion on which NFT to buy for a short term base.

I am can't recommend the NFT project for short. but I can recommend the NFT assets I currently have & who knows you might be interested. for example like NFT-cifi, NFT-SAND, NFT-xircus, NFT-MANA etc. and another advice, invest in top coins too & don't invest in just one place.

[RILWAN]

NFT is a highly risky investment at this point as it market is easily pumped and dumped at any given time, I invested in NFTank and the project's token never make it to the exchange, and all investments were lost.

(....)and it happens that it is not listed on exchanges like Binance.com and Coinbase, or even Kraken and the rest of them that are quite popular. From what I have seen, it is listed only on three exchanges: CREX24, Birake, Graviex, and I have never heard of these exchanges before.

Well, maybe when it gets listed on a bigger exchange, the price will be higher.

I am a bit interested in it.

I can advise you to invest 100 dollars on ihostmn in masternode sharing, a return of more than 500% over the year, you will get there. You can also buy the coins on ihostmn.

Of course, this is not investment advice. 

https://ihostmn.com/sharemn.php?id=92

https://masternodes.online/currencies/DASHD/

[herurist]

NFT is a highly risky investment at this point as it market is easily pumped and dumped at any given time, I invested in NFTank and the project's token never make it to the exchange, and all investments were lost.

The current NFTs are too overhyped but that doesn't mean none of them are good even though there are many new NFTs that are risky and scams.
I personally still have AXIE and some other NFT games that I own.
because I think they are still very worth it for me to have until now.
on the other hand I myself realize that this project will not last long if things like fraud and manipulation continue to occur in it

[haenko]

Friend, listen to my experience, invest only in projects that have a future, do not buy any meme coins, they do not carry any technology behind them, this is just a hype at the end of a bull market.  You need to invest in projects that can create something truly valuable, the best thing now, as I think, is to invest in fundamental L1 blockchains, here's an example: (Dot, NEAR, Elrond, Solana, Algo ...) Good luck!

[Wong Gendheng]

I think the most promising crypto investment is altcoins, there are many good and promising coin choices, if we invest bitcoin it is difficult to profit 10x even for 2x profit it is very difficult, but if we invest in altcoins like Shiba Inu, Polygon or others then the opportunity to big profit up to 100x is very easy, though don't use all the money to invest in cryptocurrencies.

[indo1]

nft is traded only for proprietary assets and that is of course for the long term. I've never seen nft for the short term. But you can see in the NFT market that is in the BAKE platform. There is very much NFT from the cheap and expensive. Or you can buy NFT game items. Like Axie.

[Rikotin]

I think the most promising crypto investment is altcoins

Altcoin? Did the current rise in bitcoin price make you decide that altcoin are more promising?

but if we invest in altcoins like Shiba Inu, Polygon or others then the opportunity to big profit up to 100x is very easy

in my opinion, matic is much better than shiba inu.

though don't use all the money to invest in cryptocurrencies.

difficult to understand

[Review Master]

I think the most promising crypto investment is altcoins

Altcoin? Did the current rise in bitcoin price make you decide that altcoin are more promising?

Not sure, maybe he/she's referring to the dominance of bitcoin as it's decreased as compare to previous quarters of this year. Also many users are waiting for alt season as well.

though don't use all the money to invest in cryptocurrencies.

difficult to understand

Invest which we can afford to lose. 

[acapulco]

I think the most promising crypto investment is altcoins, there are many good and promising coin choices, if we invest bitcoin it is difficult to profit 10x even for 2x profit it is very difficult, but if we invest in altcoins like Shiba Inu, Polygon or others then the opportunity to big profit up to 100x is very easy, though don't use all the money to invest in cryptocurrencies.

You're right, leave them with the nft, that's what I mined in 9 days and on my birake account, it's the 800 dashs that I sold over 3 days, good luck..
And if I had wanted, I could have sold 1000 or 5000 suddenly but I don't see the point.


https://ibb.co/MnQMLTf

https://ibb.co/QDFvS0y

[MarjorieZimmermanGinger]

Friend, listen to my experience, invest only in projects that have a future, do not buy any meme coins, they do not carry any technology behind them, this is just a hype at the end of a bull market.  You need to invest in projects that can create something truly valuable, the best thing now, as I think, is to invest in fundamental L1 blockchains, here's an example: (Dot, NEAR, Elrond, Solana, Algo ...) Good luck!

Everyone will also invest in projects that have a future, but very few people understand what long term projects are like, I am interested in the development of solana these days, they represent projects of successful development results, today we need to take a look at the projects behind it is strong and has the fundamentals to achieve success in the future, because it is very important in determining a good project in the future, therefore there must be knowledge to know it all.

[JahriMeayer]

NFT Tokens for short term investment, is suppose to be harder one to find out cause most of those value are so high. Buying those with current price could be result loss! even i haven’t go ahead with any NFT Tokens yet. Axie Infinity (AXS), The Sandbox (SAND) could be good but you should better to spend some time, check details & learn about those before buy.  Here is NFTs Tokens list, made by coinmarketcap.
Top Collectibles & NFTs Tokens