Yamifoud (OP)
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March 16, 2022, 02:05:15 PM |
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It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things.
1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.
2. We have to stop thinking about hypes - maybe some but not all of the new projects
3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.
4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
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Natalim
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March 16, 2022, 10:46:49 PM |
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It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things.
1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.
This is actually what I think before, I buy coins that are very cheap 0.000000XXXETH, not only for new projects but also for old ones. Yes, in my mind, I'm thinking I could be rich once the market is bullish but for many pumps and ATH had come, I do not even see them growing. I was wrong, absolutely. Now, I realized that this strategy not really works, we'd better buy those coins that have the potential even the price is quite expensive as this means there is a demand.
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blockman
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March 17, 2022, 08:07:21 AM |
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The best thing is the #4. With research, you're unlikely to fall with scams and worthless projects to invest with your money. The sad truth is that many people fall for these bad projects because they never do any research and just rode with the hype that those projects have made. That's the other thing if they're going to research, they won't be a victim of hypes anymore because it's always the last one that's going to become a victim of those hypes and are likely the ones to lose a lot.
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Strongkored
Legendary
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Activity: 2954
Merit: 1114
DGbet.fun - Crypto Sportsbook
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March 17, 2022, 08:37:45 AM |
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3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.
This is what many newbie investors like, they do not yet have experience that making prices go up hundreds or thousands of percent is not easy, even don't believe when a project promises will be listed on major exchange unless they actually have a good project to develop and funds to pay listing fee. 4. Doing Research - we have to take this seriously as nobody had ever succeeded without this. Too lazy to find information so this is often ignored
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coin-investor
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March 17, 2022, 08:47:39 AM |
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It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things.
4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
This is the most important thing all advice in investing in Cryptocurrency are all about doing research but before you can do good research you must first educate yourself on how to do proper research, research including what others are saying about the project so it's recommended to join the telegram group so you can ask and check other people's opinions, it also includes the hype they are creating on the coin, not all hype are bad there are good projects that needs hype and getting a hype, the usability and what it can bring to the community are what really matters.
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Daodex
Member
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Activity: 252
Merit: 12
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March 17, 2022, 08:51:59 AM |
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We buy coins not only because the price is low? But buying at a lower price is the way unless you are talking about project use cases and utilities, I want BTC and ETH but not at 40k and 2700$, if BTC go down to 20+ region and ETH down to 800$ then my accumulation will begin, never say never because a bear market is inevitable.
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Adbitco
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March 17, 2022, 08:55:29 AM |
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4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
I think this is the most important part, there are many project out there to be scam but with properly researched or consulting the Elite over here will also give good chances of eliminating and staying away from such projects. Currently i took some major steps over here that is to say " Before I venture into any project I create or make a post about such project to know and to see the positive feedback about that project" as i know there people who are good in digging out scam or good projects so if much negatives then i stay away from the project.
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so98nn
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March 17, 2022, 08:55:44 AM |
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It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things.
1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later. [...]
Tbh, I am one of the person who always love to buy in bulk when the prices are dropping or the coin price is already heck very less. On a contrary its actually true because it takes only few decimal shifts in the prices and you can end up earning big profits on the same. I am the guy who made at least 500 bucks easily on the projects like SHIB INU, FLOKI, DOGE etc which we call as shit coins or memes in general. However, in the process we forget that they are also coins, they have tiny prices, you can buy unlimited of them and most importantly they are being invested by billionaire around the globe. Now tell me whats the reason I should not go for bulk buying and selling when Im already making the profits. Yes off course some projects may really turn out to be shit one but you have to take the chances anyways.
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hugeblack
Legendary
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Activity: 2688
Merit: 3983
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March 17, 2022, 09:03:02 AM |
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1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.
You must buy coins either to speculate (if you are a trader) or for future value, and 99% of cryptocurrencies fail to maintain a future upward value. 2. We have to stop thinking about hypes - maybe some but not all of the new projects
Even good projects do not continue to grow for long, because it is mostly in response to conditions. For example, the reason for the rise of Polygon is the increase in the fees of Ethereum network. As soon as the fees decrease, BSC and Matic will not be that useful. 3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.
Any project that promotes itself in terms of quick profit is scam, whether it has been proven to be scam or not. 4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
Searching alone is not enough, but you know how to search, many scam projects buy ads, reviews and good articles, so do not be deceived by the first page on Google.
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asyakashi
Sr. Member
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Activity: 1988
Merit: 256
Vave.com - Crypto Casino
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March 17, 2022, 09:09:02 AM |
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4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
The fourth point is the point that I often do if I want to invest, before that I always do further research. Usually my friends provide good coin info to invest but not to jump right in but we have to do research before putting in funds, sometimes some promotions actually lead us into fast hype so they get a profit first before we make a profit they will leave us with the losses we make invest.
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joeperry
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March 17, 2022, 09:26:16 AM |
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Maybe we should also consider the use or utility of the project? Usually people look at the project depends on how much it will pump but we forgot that we should also consider looking at the quality of the project such as its use and would the project still operated or be on demand after 5 years? Of course I was talking about long term investment and looking for a new projects that has potential I was looking at those project for long term investment.
Some people only look for new projects so they would sell it after listed on exchange site where it pumps and dumps immediately after listing.
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Husires
Legendary
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Activity: 1596
Merit: 1288
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March 17, 2022, 12:40:44 PM |
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All cryptocurrencies are trying to market themselves because their price is now low and will rise in the future. Therefore, many marketing tricks can be encountered, such as: - Large numbers of coins distributed: you will get a million coins if you log in, getting a large number of coins does not mean that you will earn more.
- Coin burning: Coin burning can increase its value, but it means that the developer team has the ability to control the price.
- Offers on unknown platforms: Most of the scam coins make distributions on unknown platforms.
- Pump and dump coins
All the tips you mentioned revolve in one way or another to the points mentioned above.
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zasad@
Legendary
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Activity: 1932
Merit: 4633
Buy on Amazon with Crypto
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March 17, 2022, 12:59:12 PM |
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Before investing, you need to decide what trend is now, bears or bulls. In a bear market, the price of little-known altcoins quickly falls in relation to the TOP 50 projects of coinmarketcap, and there are high chances of losing money. No need to invest in game projects, no need to invest in metaverse projects, because there is a lot of scam there. The maximum amount of investment in such projects is not more than 5% of the entire portfolio, or 10% maximum for an experienced investor.
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takngantuk
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March 18, 2022, 03:33:49 AM |
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the only way to avoid losses is not to invest. when you invest in a new project, it means that you are ready to lose because almost 100% of the new projects released are not profitable. so the method you mentioned is even less effective
1. We buy coins not only because the price is low - So which coin to buy? high priced coins? After all, who decides whether a coin is cheap or expensive at that time is even just presale. 2. We have to stop thinking about hypes - buying new project coins/tokens that have no hype is tantamount to leaving you loss. 3. Stop falling to scam projects - no one wants to invest in a scam project. but today's lyrical scam projects always look like good quality projects and always confuse everyone. it's hard to confirm that a project is a scam before they actually do it. 4. Doing Research - even beginners done this. but in the end, they loss.
so the most appropriate choice is not to invest.
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tygeade
Legendary
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Activity: 2282
Merit: 1061
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March 18, 2022, 07:43:48 AM |
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Maybe we should also consider the use or utility of the project? Usually people look at the project depends on how much it will pump but we forgot that we should also consider looking at the quality of the project such as its use and would the project still operated or be on demand after 5 years? Of course I was talking about long term investment and looking for a new projects that has potential I was looking at those project for long term investment.
Some people only look for new projects so they would sell it after listed on exchange site where it pumps and dumps immediately after listing.
That is one of the most important things when I look at a project. If it doesn't have any utility at all then it would be unlikely for me to invest into something like that. If it has utility but I believe that the utility is not a good one then I would probably stay away from that as well. I put a decent amount only to projects that have a utility that people could actually care about, at the end of the day we are talking about putting your money where people would use, instead of people would ignore. All these coins that promises things do not really matter to me neither, all those future utility roadmap stuff makes no sense. Either provide me something now, or I won't invest.
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TheUltraElite
Legendary
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Activity: 3052
Merit: 1330
Going to reach LEET merits soon!
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March 18, 2022, 07:59:41 AM |
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Some basic tips, but I appreciate the fact that OP made one nonetheless. Regarding point number 3, it takes a lot of effort to actually detect a project to be scam, because a scammer is always trying to hide their tracks and therefore, difficult to avoid if one is actively investing in new projects. Giving every new project a red flag is a trigger-happy situation, but considering the fact that 99% of altcoins have either gone bankrupt or abandoned or vanished into thin air, this approach is also effective. Therefore, the best way to invest in crypto and still remain in net profit is to buy bitcoin, whatever someone else might say. But I am sure most newbies coming to this forum dont listen to such old skool advice.
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BitTraderCute
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March 18, 2022, 09:09:11 AM |
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1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later.
many beginner traders thinking lower price was the key to generate profit from market, but unfortunately we didnt observe and analisys what actually happen due this drop. external and internal factor must observe to decided will we buy it or not. 4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
it caused all above mistake in our trade. research will help us to identify what actually happen so we won't trapped in fomo or hype.
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Saisher
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March 18, 2022, 09:54:00 AM |
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It is really overwhelming to see the growing number of new projects but unfortunately, most of them are indeed worthless and have no use case to provide. Many had suffer losses because of some mistakes but we can avoid them if we have to do these things. 1. We buy coins not only because the price is low - many had thought that buying them in bulk gives them a good profit later. I used to do that and I ended up losing a lot, not all that is low are worth buying, it's still on how good the project is 2. We have to stop thinking about hypes - maybe some but not all of the new projects Don't rely on hype, hype is good if the project is good, it's still on how good the project is 3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie. Developers are good at making their project look, it still depends on how good you are at looking in a project. 4. Doing Research - we have to take this seriously as nobody had ever succeeded without this. Nobody really will, we have come to the point that we must not go for hit and miss your profit depends on how serious you are in looking for a project.
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lombok
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March 18, 2022, 11:03:17 AM |
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3. Stop falling to scam projects - usually, people got tricked when seeing projects offer high rewards (good to be true) and most of them are just a lie.
I think this point takes a lot of victims whether it's new players or old players in crypto. The high return offered in a project is often a trap, for a matter of 1 to 3 days the high return they conceptualize runs smoothly, but for the next day only scam we get. My bitter experience was because I was interested in a high return scam project, namely the Moon Here Token (MORE). Luckily I only used a small portion of my BNB to buy the token and stake it there.
4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
Many people do not do this, lazy to do because it is complicated to find information. Though the most important thing is research before we enter.
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examplens
Legendary
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Activity: 3458
Merit: 3497
Crypto Swap Exchange
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March 18, 2022, 12:38:16 PM |
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4. Doing Research - we have to take this seriously as nobody had ever succeeded without this.
This is probably the most important part of any investment. although of all the answers, I did not see any specific ones which would give clear guidelines on how to do good research. instead of all signature discussions, perhaps someone could write clearly defined parameters that are important in research. So, my question is, which exactly indicates that a project is good for investment or bad? in doing so I consider metrics like a fake team, young website, etc... are not enough.
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