Mistake I made till now investing on crypto projects.

[DVlog]

My career in the crypto sector is not very long. I do have some experience with forex markets but when I came to the crypto market everything was different except price action charts. Very soon I realized that investing in crypto and making financial gain requires extensive knowledge about the crypto space and the ability to post mortem a crypto project to know every detail about it.

The experience could be different from person to person but I am going to mention some mistakes that I made while investing in crypto which influence the final result of my investment. I will not mention the names of those projects for not to demerit them because I am responsible for many of those mistakes.

• Product was not ready: That project looks promising but their product was still in development mode. I made a huge sum of investment but the price of the token keeps falling because no utility exists by then. Lose 90% of my portfolio.

• Lesson: Do not invest in a token that doesn't have any utility or whose product is not ready.

• Product was ready but token doesn't have utility: Another project where I am still 50% down. This project is already live and they have a big community but right now their token doesn't have any proper utility so investors keep selling their unlocked token.

• Lesson: Wait for the team to implement any proper utility so that market has demand for that token.

• Fake exchange listing promises: This project was introduced by one of my friends who was also got scammed by seeing their exchange listing documents. They use fake documents to attract investors.

• Lesson: Do not fall for any project who shows their exchange listing agreements because this data is not disclosed in public. Genuine projects don't do that.

• Over expected price: In another project my expected price was too high. Maybe I was eager to recover my previous loss so I misjudge the price.

• Lesson: Do not think your project will be another Shiba Inu. Always think about a reasonable price.

• Didn't booked profit: Everything was perfect and well-timed. I was 60% up but I become greedy by seeing other people's comments. So I didn't booked profit and that token price dipped 1000% from my entry.

• Lesson: Always book profit no matter how strong the project is. Once your initial investment is out then play with your profits.

• Influenced by funds: Project shows great promises and my judgment about the expected price was reasonable. Price did go above my expected level but I was already out with a very small profit. I was afraid by seeing some community members saying negative feedback about the project.

• Lesson: Do not be influenced by some random community member. Sometimes they create fud to accumulate more tokens from panic sellers.

• Didn't care about team members: Invested in a project without properly checking details about team members. Later found out that all the admin id belonging to the owner and team members are fake.

• Lesson: A strong team is very important for a project's success. Check for the overall experience of the team members of a project.

• Too much trust in team members: Another project which I still think is a unique idea but failed to execute its plan. Most of their development dateline was delayed so the price did fluctuate.

• Lesson: We should trust the team behind the project but better be ready for the worst.

• Small community: Sometimes a project idea could be great but without community support, it's a failure.

These are some list of mistakes that I made till now and it seems I made every kind of mistake an investor possibly can. But I think every great success has a long list of failures. So I hope some new members will find some points useful and a real-time experience is always the best place for knowledge.

The purpose of the post is to share experience only so there could be exceptions in the same circumstance for another project.

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[gloriam5]

Hello!
Thanks for such interesting information!

[DVlog]

Very informative post a newcomer getting some new messages from your post.just want to say before investing we should make justify.

This post was actually for newcomers who invest blindly ignoring many facts. Many of them came from the stock and forex market and they think this is the same here too. There are so many things that need to keep in mind when investing in a crypto project and I think I have mentioned most of them. If you face anything new which is not mentioned in the OP then mention it will add the end of my post.

[cabron]

Often times, its because we think of having more coins so we bought at the cheapest possible that even the project hasn't yet created we bought a lot of it. So much trust given to a project team because they promise something for the project to be the catalyst. Only to be disappointed when they fail to achieve every milestone. 
The ones we taught project won't also succeed are the ones that are trying hard to make it and then many investors also missed while the price is only few satoshis.

Small community may not be as bad if the project team is doing a useful product. The community will grow but if they are not, its also going to fail.

[Darker45]

These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.

[South Park]

snip

You made your fair share of mistakes, however I think the main one is that since you had some experience in the forex market you traded the altcoin market in the same way and that is not correct, altcoins should be traded as a more risky version of penny stocks in which fraud is also widespread, this is why it is often recommended in the forum that newbies begin their journey by trading and investing only in bitcoin, and once they gain more experience they can try to trade altcoins if they want.

[Beerwizzard]

Lessons are good but they are not always applying to crypto since it altcoin investment is a hype demanding thing. Therefore, many promising coins would be released (and probably pumped) without a completed product. In the short run it is doesn't even matter if a token have any utility (shiba is a great example here). Unfortunately, the community is one of the most valuable points. With a big community the coin may be successfully shilled without any product or utility.

[Moneyprism]

most people are greedy so when they get profit they prefer to hold it for longer,,, even though crypto projects have a greater risk of becoming a scam or rugpull which causes them to lose their money ... the point is don't be greedy and take profit as soon as possible

[Ahli38]

all the information from your experience that you have poured into the article above is very good for reference for beginners who want to dive into crypto investment.

and I'm sure most people have experienced the things you describe above, especially beginners.
because I myself experienced some of your experiences above.

but the FUDer issue, you know? when the fuder is busy in the group of a project, the price usually goes down. well when the price drops and the fuder disappear without a trace. then that means it's time to buy. because it means that fuder is deliberately lowering the price to buy at a low price. because they know it's a good project.

but what irritates me is the fuder with the aim of scalping. it could destroy a project. because it seems like the fuder will continue to drain the project's money by scalping.

[so98nn]

Great to read your experience. The points which you have mentioned actually specifies ultimate points that are mistaken while investing. It would be better if they really go through all the points before investing money into crypto space.

Fake exchange listing promises: This project was introduced by one of my friends who was also got scammed by seeing their exchange listing documents. They use fake documents to attract investors.

Biggest problem ever when it comes to new coins. To be honest every other investor out there actually asks first question about listing of coins. Checkout bounty hunters specially, they will keep seeking answer for this. But it’s important since if you invest in ICO and if they don’t list then boom, your moneys stuck there forever with no guarantee it would be returned.

[tabas]

All of those are good guides for people who are starting out to invest. Actually, you don't need to be a rocket scientist to excel on investing in cryptocurrencies.
A simple tip about investing bitcoin and holding it will make you even wise because that's based on everyone's experience that holding bitcoin is truly profitable.

[traderethereum]

most people are greedy so when they get profit they prefer to hold it for longer,,, even though crypto projects have a greater risk of becoming a scam or rugpull which causes them to lose their money ... the point is don't be greedy and take profit as soon as possible

That bold part is something that we must avoid.
If you can already make a profit, it is better to close the trade or investment as soon as possible because the next opportunity is not necessarily the price that can rise higher than what you have seen.
If you hold it still, you may see a decline or correction and there is a possibility that the price will go back down to its original price.
If that happens, you have to wait a while until the price can rise slowly and you can only withdraw your profit.
They are valuable lessons from what happens to other people and we must avoid them if we are to take advantage.

[ultrloa]

Good observation about your mistakes and actually this could be a good information to read by newbies since this experiences really happened on crypto investment.

And I guess to avoid such risk on every investment decision made we should avoid holding to much and wait for the utility to came since most of the tokens we buy will only pump at early stage and struggle to pump when it takes many months of its existence.

[DVlog]

Often times, its because we think of having more coins so we bought at the cheapest possible that even the project hasn't yet created we bought a lot of it. So much trust given to a project team because they promise something for the project to be the catalyst. Only to be disappointed when they fail to achieve every milestone. 
The ones we taught project won't also succeed are the ones that are trying hard to make it and then many investors also missed while the price is only few satoshis.

Actually investing in a well-established altcoin and a startup project requires a different type of approach. You can invest in top altcoin only by analyzing the price action of the market but for a new project, a lot of things have to be checked first. This is where I made my mistake and lose my money. Most of my projects where I lose money is a startup projects. So if you don't have enough experience then start with a small amount.

[gloriam5]

Hi!
Wow, I have also heard about this issue! Thanks for the information!

[Kimonoe]

good writing to add experience so that we are more careful in investing, if we make a wrong step we will indeed wait a long time to recover, it can even happen that we will not recover and we lose money. indeed a lot of new projects that do hype so as to just rob investors of money and walk away. when a rally occurs, fomo takes action, and there will be many people who will be affected so they invest with high expectations

[hugeblack]

It is the mistakes of beginners that are necessary to learn, but it is difficult to overcome them, especially if you are a beginner. Whatever you apply these things, you will need some practical knowledge and therefore you must trade.

Therefore, and for beginners, I strongly advise them to invest in Bitcoin only, altcoins “may” make gains if you have some experience.

There are also skills that must be known, even if they are not directly related to trading.

One of them is knowledge, even basic, of writing codes. Otherwise, for example, you will be surprised that the code contains a line that freezes the funds or prevents them from being sent until a certain time.



Image Source ---> https://bitcointalk.org/index.php?topic=5364992.msg59845093#msg59845093

The second is economics and its connection with psychological sciences and how to manage fear and greed.

[gloriam5]

Hi!
I am into Crypto business for not a long time, but thanks to this information everything is clearer! Thanks

[Disruptivas]

One other noteworthy topic I would add: the more complex and brilliant, the less chance of success. When I think about the hundreds of white-papers and projects that I followed, I saw it being born, dying, developing, succeeding. I realized that the more complex and futuristic the solution, the less chance of success.

An interesting case may be the coins for IoT, which is much talked about until today, but little exists in terms of applications that could actually be used. And in that case, it can have a use, a great team and everything. But maybe it's just not the right timing. The case of the Star Atlas game is also one of those cases, a hyper AAA game, which has not yet managed to deliver anything, while other ''simpler'' games could be launched, develop, have their communities and success.

I think simple and useful solutions are the ones that works and solve everyday problems.

[gantez]

The team member for my opinion doesn't really become the most important thing than the project itself and again to where that the project is listing. For the team member, they may bring the name of important person but the person not aware of that. They put the names on white paper but white paper is fake and scam. Concentrating on the project I think is better.

[Reid]

Suddenly it made me remember a lot of my mistakes. This list should be kept by every investor because there will be a time we will forget about it and be careless again. Experiences are part of success either good or bad but there are times we get greedy and takes a huge risk without even noticing it.
This makes us remember it all and I appreciate the OP for making a big effort to put it all in one long opening thread.
Will bookmark it and will also print it and paste it in my wall.  Thank you.

[fiulpro]

At the same time you can see how effective their advertising is from the Altcoins campaigns as well there are many tokens which have been running successfully over the years as well and you can always differentiate between a token that's been in the market for long and the one which is already dying.
Some tokens also have the buy back option as well but for me that's like the team members already have a backup option and they don't trust their product enough therefore I do not like investing in those sector. For me investments are just bitcoins at the moment .
But right now with this much competition in the market I do not think that it's all safe waters as well. Most of the tokens are going to end up loosing all of their value therefore you can either take a chance or invest in the one's which are already successful.

[dunfida]

Product was ready but token doesn't have utility:

This is the main thing that i do always look upon when i do tend to invest on a particular project.Always look for its utility and dont focus on the hype that surrounds it because
it would really be a good indication whether a project could stand on long term or not.

Somewhat its not an assurance because some or most people do really likes to dive in whenever they do see short time pumps.

[ajochems]

You made a valid post for the beginners.Mainly for the people who inverse money very blindly before the launch on Exchange.Many project will come to exist and sell their token on their own website.Because they will had full investing dollars to their own pocket.Then with expected money,they will close the project and flyaway.So you should investigate the listing before investment in new exchange.

[xSkylarx]

The team member for my opinion doesn't really become the most important thing than the project itself and again to where that the project is listing. For the team member, they may bring the name of important person but the person not aware of that. They put the names on white paper but white paper is fake and scam. Concentrating on the project I think is better.

Agreed, you have a point. It's like having a celebrity on their WP but that celebrity doesn't really know the project well; it's just like having flowers all over it. However, if you have a reputable team member, such as he/she has previous experience on a successful project, then it's a plus. However, if the project is not supported in the long run, it will be down. Now scammers are really efforting, like hiring famous people to advertise their scam projects, which leads to a lot of people getting scammed. We should look out for that.

[el kaka22]

Ohhhh this list is amazing. I have made some of these mistakes and learned the same lessons, even needed some of these lessons to be fair even though I have been around for many years, nearly a decade. I have to say there is never enough mistakes, we just make them all the time and no matter how long you have been here, you keep making those same mistakes all over again.

I am afraid it is not going to be that easy to just watch the list and check every box before you invest, if it was like that then none of us would have made any mistakes. But, it is clearly important to learn from our mistakes and get lessons like this so that we never repeat them again.

[Pomogator]

good writing to add experience so that we are more careful in investing, if we make a wrong step we will indeed wait a long time to recover, it can even happen that we will not recover and we lose money. indeed a lot of new projects that do hype so as to just rob investors of money and walk away. when a rally occurs, fomo takes action, and there will be many people who will be affected so they invest with high expectations

I also encountered scammers in the cryptosystem. Starting from investing in a project and ending with bounty projects. There are a lot of scammers in cryptocurrencies who want to make money on you, this is the financial sector, be careful. The most important thing is to learn to look for projects for yourself, and not to listen to some "experts".

[TribalBob]

it all started from a mistake and made a lesson for all of us in the future, good information, friend, thank you for telling your experience and possible solutions, for beginners, you should read this because your initial thoughts on investing in crypto are always profitable, even though behind the success of someone in the crypto world there are many lessons and journeys behind all

[Cookdata]

• Product was not ready: That project looks promising but their product was still in development mode. I made a huge sum of investment but the price of the token keeps falling because no utility exists by then. Lose 90% of my portfolio.

• Lesson: Do not invest in a token that doesn't have any utility or whose product is not ready.

A hard lesson was learnt but I will like to correct some of the wrong assumptions you thought contributed to your failure.
It is true that you should invest in a project that must have a utility but some utility doesn't just come into existence at the beginning of the project launched, some carry months to years before you see their utility and how can you tell if the utility will come or not in future, it is only time that can reveal that, look at Solana and Fantom, they both were here at few scents and nobody gives a sh!t about them until they went mainet and then the FOMO began.

• Product was ready but token doesn't have utility: Another project where I am still 50% down. This project is already live and they have a big community but right now their token doesn't have any proper utility so investors keep selling their unlocked token.

• Lesson: Wait for the team to implement any proper utility so that market has demand for that token.

Why invest in a project that can add value to your money, that's just like investing in a meme token that is purely based on speculation and hype.

[Quidat]

it all started from a mistake and made a lesson for all of us in the future, good information, friend, thank you for telling your experience and possible solutions, for beginners, you should read this because your initial thoughts on investing in crypto are always profitable, even though behind the success of someone in the crypto world there are many lessons and journeys behind all

Most noobs wont really be able to read up things at first because they would really be having that kind of behavior on which they do tend to engage directly without doing
any further research on which things would only be learnt up after real experiences but eventually we could really able to avoid out if we are just sensible
or mindful about our actions specially when we are just starting up but well people do really end up on being careless when we are just stepping our foot
into something new.

[Viscore]

These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.

Since altcoin market has been the playground of scams, no matter how promising the project is, there are always high chances that it will end up as scam and that is inevitable. I guess the best thing we can do is to always make an in depth research first deciding to invest in a project. Trace the background of the team that is running the project, if they have made successful projects prior to that. That way, we will have an idea whether to trust them our hard earned money or not.

[CaVO32]

it all started from a mistake and made a lesson for all of us in the future, good information, friend, thank you for telling your experience and possible solutions, for beginners, you should read this because your initial thoughts on investing in crypto are always profitable, even though behind the success of someone in the crypto world there are many lessons and journeys behind all

Most noobs wont really be able to read up things at first because they would really be having that kind of behavior on which they do tend to engage directly without doing
any further research on which things would only be learnt up after real experiences but eventually we could really able to avoid out if we are just sensible
or mindful about our actions specially when we are just starting up but well people do really end up on being careless when we are just stepping our foot
into something new.

Some newcomers are careless because most are tempted with the promised of high profits. However, it is good if they will learn their lessons on their own because in that way, they will bring those lessons throughout their journey in this market. Hard to push something to a person if he doesn't believe it. So it is better to let them learn on their own ways. They will learn quick if they will lose their hard-earned money or in some, borrowed money.

[speedy963]

- Don't forget the most vital but less cared about. "The cheap is good mentality" which makes people easily fall for projects that offer lots of coins for a cheap price but the actual supply is too huge to actually give much returns and would take so much to increase their price. At least this is the case for the late comers. For the new comers though, it would be like a moth getting drawn into a flame.

- There's also the "invest because he said so" where most people get fcked because of listening to signals or influential people shilling while not studying about the coin they are investing in.

- And yes, The falling in love with the token which is somehow related to what you have mentioned which was trusting devs too much. Here though, you have fallen in love with the community, the devs, the ideal of the coin or utility that you basically ignore the dozen of red flags that you see as days go having little to no progress and bad managing and marketing. This makes you want to go down with the ship like the Titanic captain. sound hilarious but this is real and does happen a lot.

Good post op, this is such a valuable information specially for newbies even to those that are already in the midst of being a veteran and a newbie. If I had smerits I would've already given you one.

[Darker45]

These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.

Since altcoin market has been the playground of scams, no matter how promising the project is, there are always high chances that it will end up as scam and that is inevitable. I guess the best thing we can do is to always make an in depth research first deciding to invest in a project. Trace the background of the team that is running the project, if they have made successful projects prior to that. That way, we will have an idea whether to trust them our hard earned money or not.

An in depth research is not even a guarantee. Billions were lost during the height of the ICO craze. I'm sure investors, especially angel and institutional investors, made thorough research before releasing a good amount of money. But many of them failed to make ROI.

I can still remember the most common advice in hunting for a good project to invest in was to carefully check the background of the development team. Many did not fail to do this. I myself was diligent enough to do this. An excellent development team is probably one of the reasons why some ICOs in the past would reach their hard cap so easily. But where are the projects now? Most of them are probably dead.

[Crypto Library]

Here are some of the mistakes what I have made in the past.  I see new traders start trading without any knowledge and  analysis and also without understanding well and then they face losses. I think it is important to create awareness among all by presenting such goods posts well and newcomers must gain knowledge about this before trading.

[AicecreaME]

Often times, its because we think of having more coins so we bought at the cheapest possible that even the project hasn't yet created we bought a lot of it. So much trust given to a project team because they promise something for the project to be the catalyst. Only to be disappointed when they fail to achieve every milestone. 
The ones we taught project won't also succeed are the ones that are trying hard to make it and then many investors also missed while the price is only few satoshis.

Small community may not be as bad if the project team is doing a useful product. The community will grow but if they are not, its also going to fail.

This is so true. I knew some people that were just like this and fortunately, they learned as time passed by. It's really important to do research first before investing into something no matter how small the amount you will invest because every cents matter. If you will not check where you will put your money, there is a high probability that you will end up losing what you risked.

Making sure that the coins you will invest in have a potential and they will have a good project that will be sustainable and effective in the long run will save you from headaches and losses. Hence, you should really do your part which is to be informed and knowledgeable.

[uelque]

For me one of the most common mistakes why we fail as investors is that we don't properly research everything about a certain project. Like for example, you found out that a project has an amazing concept and they keeps on saying that they have amazing things to offer but that team remains hidden and unknown yet you still invest. Or a friend of yours introduced a project to you and since you trusted him/her so much, you jumped in without conducting any reseach. I've seen most people done such things and ended up losing money. So what's the problem? maybe it's either we are to lazy reading and knowing every little information about a certain project or we put our trust to other people so easily. I think that is the two main reasons why we keep on making mistakes when it comes in choosing the right investments.

[DVlog]

It's really important to do research first before investing into something no matter how small the amount you will invest because every cents matter. If you will not check where you will put your money, there is a high probability that you will end up losing what you risked.

Actually, the real problem is with people's sentiment. Many people think investing in crypto is a lottery after seeing a meme project like doge and Shiba Inu spike more than 1000% within a few weeks. Lack of proper knowledge about the crypto space gives people a false impression of crypto. Because these newbies took so much loss in their first trade and called crypto a scam.

[kaya11]

This has some points, most newbies in crypto investments should take information like theses before investing blindly. I have experiences also, and have seen tokens that failed in the long run. I was investing in NFT and p2e projects recently and the thing that made me quit is that the token they are using has less utility on it. They produce drastically and the amount of circulation is so huge that the tokens price has drop, it is just like fiat and it inflates the small community of investors.

[Cling18]

It's really important to do research first before investing into something no matter how small the amount you will invest because every cents matter. If you will not check where you will put your money, there is a high probability that you will end up losing what you risked.

Actually, the real problem is with people's sentiment. Many people think investing in crypto is a lottery after seeing a meme project like doge and Shiba Inu spike more than 1000% within a few weeks. Lack of proper knowledge about the crypto space gives people a false impression of crypto. Because these newbies took so much loss in their first trade and called crypto a scam.

People could easily be moved by the hype and greed. Having the wrong mindset that crypto is a shortcut to getting rich usually result to wrong decisions on investing with projects that are on trend. People are risking on it without even doing research but just going with the flow believing that they could gain higher profit through hyped projects. It's a common mistake that investors must learn from because most of the time, scammers hype their coins to deceive investors.

[gantez]

They produce drastically and the amount of circulation is so huge that the tokens price has drop, it is just like fiat and it inflates the small community of investors.

Token with huge supply or circulation are not fast to rise this is what I can notice with that and investing in such is taking your patience to work. I think I made such mistake sometimes ago but now I have been experienced to know it will not rise above some limit and to be ready dumping it when it will touch in such level. Hodling a coin with low utility is also a mistake.

[stomachgrowls]

They produce drastically and the amount of circulation is so huge that the tokens price has drop, it is just like fiat and it inflates the small community of investors.

Token with huge supply or circulation are not fast to rise this is what I can notice with that and investing in such is taking your patience to work. I think I made such mistake sometimes ago but now I have been experienced to know it will not rise above some limit and to be ready dumping it when it will touch in such level. Hodling a coin with low utility is also a mistake.

It would vary on different circumstances such as;

Low cap/Low ranking coins = Possible able to get 2x-100x or more
Huge cap/Established coins  = Getting 2x in price is hard but when it comes to assurance in terms of potential then there's no doubt to this.

Mistakes are inevitable due to unpredictable movement of the market but with due experience, we could able to handle up the situation somehow.

[macson]

snip

everything you write is true and very informative.  This is the reason why in-depth research into a crypto project before investing is really needed, If the investment is only because you invite friends or relations ^{(without further research)} it is certain that the risk of being deceived is very large.  i am now not going to be so easy to invest in a new crypto project if i haven't done more research. 

[sana54210]

For me one of the most common mistakes why we fail as investors is that we don't properly research everything about a certain project. Like for example, you found out that a project has an amazing concept and they keeps on saying that they have amazing things to offer but that team remains hidden and unknown yet you still invest. Or a friend of yours introduced a project to you and since you trusted him/her so much, you jumped in without conducting any reseach. I've seen most people done such things and ended up losing money. So what's the problem? maybe it's either we are to lazy reading and knowing every little information about a certain project or we put our trust to other people so easily. I think that is the two main reasons why we keep on making mistakes when it comes in choosing the right investments.

This is quite true, we end up trusting projects with our money without properly researching about every aspect. Plus I do not agree that a project that relies on the creators should be a proper project to begin with. I mean we are talking about a situation where it shouldn't have been related to team to begin with, if the team improvements and developments are the reason why a project gets better then it is not a project at all.

Most projects these days keep looking at the creators to do decent job in order to go up, and we have no idea if it will do a decent job or not which results with us trusting unknown people with our money and causes problems.

[lionheart78]

• Product was not ready: That project looks promising but their product was still in development mode. I made a huge sum of investment but the price of the token keeps falling because no utility exists by then. Lose 90% of my portfolio.

• Lesson: Do not invest in a token that doesn't have any utility or whose product is not ready.

• Product was ready but token doesn't have utility: Another project where I am still 50% down. This project is already live and they have a big community but right now their token doesn't have any proper utility so investors keep selling their unlocked token.

• Lesson: Wait for the team to implement any proper utility so that market has demand for that token.

These two list are kinda tricky, most profit came from early investors where products and utility aren't available yet.  This goes down to how competent is the developer, and your investment plan, may it short, medium, or long-term.  So whether to jump into an investment one must identify if he is into a short or medium or long-term investment.  If you are into short to medium term, skip this kind of investment, you might find yourself in a difficult situation if you invest in projects where the utility or product isn't implemented yet.

Investing early might be very risky but if the developer is competent and reliable enough to deliver the roadmap and market it with a success, then this kind of investment might give you more than what you expected while investing when all the roadmap is implemented might be a little too late to make a very good profit from it.

[ningrum]

It's really important to do research first before investing into something no matter how small the amount you will invest because every cents matter. If you will not check where you will put your money, there is a high probability that you will end up losing what you risked.

Actually, the real problem is with people's sentiment. Many people think investing in crypto is a lottery after seeing a meme project like doge and Shiba Inu spike more than 1000% within a few weeks. Lack of proper knowledge about the crypto space gives people a false impression of crypto. Because these newbies took so much loss in their first trade and called crypto a scam.

People could easily be moved by the hype and greed. Having the wrong mindset that crypto is a shortcut to getting rich usually result to wrong decisions on investing with projects that are on trend. People are risking on it without even doing research but just going with the flow believing that they could gain higher profit through hyped projects. It's a common mistake that investors must learn from because most of the time, scammers hype their coins to deceive investors.

If you see the hype, sometimes people think that it can immediately make a profit quickly,
actually we can but when we are greedy and don't do research or analysis first then we can lose money,
In making a decision I think it is important to consider many things

[7788bitcoin]

~
It would vary on different circumstances such as;

Low cap/Low ranking coins = Possible able to get 2x-100x or more
Huge cap/Established coins  = Getting 2x in price is hard but when it comes to assurance in terms of potential then there's no doubt to this.

Mistakes are inevitable due to unpredictable movement of the market but with due experience, we could able to handle up the situation somehow.

There is a calculated risk you need to take when you are investing in low market cap low ranking coins and if the project is having a good team and the project is having some utility then you have the potential to rally multiple folds but you need to follow the project development and make sure the team is transparent, if not sell off without think twice.

[Oceat]

It's really important to do research first before investing into something no matter how small the amount you will invest because every cents matter. If you will not check where you will put your money, there is a high probability that you will end up losing what you risked.

Actually, the real problem is with people's sentiment. Many people think investing in crypto is a lottery after seeing a meme project like doge and Shiba Inu spike more than 1000% within a few weeks. Lack of proper knowledge about the crypto space gives people a false impression of crypto. Because these newbies took so much loss in their first trade and called crypto a scam.

People could easily be moved by the hype and greed. Having the wrong mindset that crypto is a shortcut to getting rich usually result to wrong decisions on investing with projects that are on trend. People are risking on it without even doing research but just going with the flow believing that they could gain higher profit through hyped projects. It's a common mistake that investors must learn from because most of the time, scammers hype their coins to deceive investors.

If you see the hype, sometimes people think that it can immediately make a profit quickly,
actually we can but when we are greedy and don't do research or analysis first then we can lose money,
In making a decision I think it is important to consider many things

Hype project only work when you already invested on their project however, if this was the first time you saw a hype project. Avoid at all cost because if you ride their hype and invest during the peak you could potentially lost what you've had invested. That's why seeing a hype project is dangerous and I don't want to ride with their hype. This problem exist mostly in altcoins project and it does really need a lot of knowledge to be able to make a profit with it.

[19Nov16]

Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.

[Yamifoud]

Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.

We usually put an excuse of losing because we are new to the market. That was right, I know. But we can let this negative insight as a beginner, we indeed can change it depending on how we prepared ourselves before entering the market and before investing. In fact, it was just like we start a business and we need to study it first before we launch. Of course, we can make it perfectly but at least we do something to minimize mistakes and losses, and we don't allow these things to happen to us.

Anticipating the market is very important and we don't have to underestimate the market volatility.

[yawars20]

Your thoughtful words really helpful for me as I was going through some of listed experience here.
Recently I was introduced to a project by a friend which had a big community and so many promesiss too but as you mentioned there were no discussion of proper utility and reading your experience I was instantly got the idea where things are going.
Now I know how much more i have to learn and what to be caution too.

[LastKiss]

• Product was not ready: That project looks promising but their product was still in development mode. I made a huge sum of investment but the price of the token keeps falling because no utility exists by then. Lose 90% of my portfolio.

Product was not ready is the most common mistake when we invest in a new project because the team gives a screenshot for the beta version of a product many people will trust something like that. The safest way is we should until the product is 100% ready to use not only in beta or even only an idea. Also they should make the community be a part of their product because a lot of investors are a part of the community.

[kryptqnick]

Product not being ready is a mistake I can relate to. Back in the ICO craze times of 2017, there were many things that sounded so cool, made big promises and gathered quite a lot of money. Some actually did pretty well in terms of the growth of the value of their tokens for a while. But they didn't deliver, and many got disappointed, including me. As for a small community and not caring about the team, these are also very good points. My interest in new projects fell around 2019, so I'm not trying to evaluate new projects and see if they have any potential (the only investment like that which I made was in DOT), though. It's simpler and more reliable to invest in projects that already succeeded a lot but will likely grow in the future even more.

[Silberman]

Product not being ready is a mistake I can relate to. Back in the ICO craze times of 2017, there were many things that sounded so cool, made big promises and gathered quite a lot of money. Some actually did pretty well in terms of the growth of the value of their tokens for a while. But they didn't deliver, and many got disappointed, including me. As for a small community and not caring about the team, these are also very good points. My interest in new projects fell around 2019, so I'm not trying to evaluate new projects and see if they have any potential (the only investment like that which I made was in DOT), though. It's simpler and more reliable to invest in projects that already succeeded a lot but will likely grow in the future even more.

This is something that happened to me as well, back then when I was starting out and I was just learning more about this market I put a lot of attention to altcoins and many of them sounded interesting but most of them failed to accomplish their goals and as such they either disappeared or became completely irrelevant, so with that in mind my interest in altcoins decreased to the point I am now only invested in bitcoin and I do not see this changing anytime soon.

[stomachgrowls]

~
It would vary on different circumstances such as;

Low cap/Low ranking coins = Possible able to get 2x-100x or more
Huge cap/Established coins  = Getting 2x in price is hard but when it comes to assurance in terms of potential then there's no doubt to this.

Mistakes are inevitable due to unpredictable movement of the market but with due experience, we could able to handle up the situation somehow.

There is a calculated risk you need to take when you are investing in low market cap low ranking coins and if the project is having a good team and the project is having some utility then you have the potential to rally multiple folds but you need to follow the project development and make sure the team is transparent, if not sell off without think twice.

Checking everything or making yourself that updated isnt something that could be done by someone from time to time on which they do really ending up on picking without any doing any in depth research

and thats why it do commonly in results of losing money or investment because of that kind of behavior.Its a matter of personal choice whether they would go with low caps but i couldnt
blame them on why they are really that tempted on diving into this one even though the risk is high.So its a matter of choice for some and majority do make out decisions basing
on hype or hunch.

[TelolettOm]

• Lesson: Do not invest in a token that doesn't have any utility or whose product is not ready.

Honestly, although the project has the product and the team says that their product will be realistic enough, used by million of people, this will also not guarantee that the project will be successful.
That is why I never want to invest in the very new project even with good real use case probability. the risk is still high enough.

Fake exchange listing promises

This always happens again and again. On the website and during the token sale, the team always say that they will list the token in top exchange, finally on Binance.
But, how can it be then? It's just a shit, holly shit that most new projects will only lay on this. They will start with DEX or even very small exchange, with small trading volume and also liquidity, and then the token dropped and becomes dead tokens before listing on even middle exchanges.

[lienfaye]

Informative notes for investors especially to newbies because they can get an idea to your own experience that they can keep in mind to not committing the same mistakes. This is the reason why we need to take time gaining knowledge, dont rush things to make sure you're doing the right thing.

It's simpler and more reliable to invest in projects that already succeeded a lot but will likely grow in the future even more.

Indeed. Its less risky compared to new projects because we're not certain if these new projects can survive for long period. Well-established coins are more reliable, they already exist for years and managed to stay even the market is in bearish.

[DVlog]

Informative notes for investors especially to newbies because they can get an idea to your own experience that they can keep in mind to not committing the same mistakes. This is the reason why we need to take time gaining knowledge, dont rush things to make sure you're doing the right thing.

It's simpler and more reliable to invest in projects that already succeeded a lot but will likely grow in the future even more.

Indeed. Its less risky compared to new projects because we're not certain if these new projects can survive for long period. Well-established coins are more reliable, they already exist for years and managed to stay even the market is in bearish.

Actually, startup projects are the best place where you can multiply your assets in a short time. But for a well-established project, sometimes you have to wait for a long time even only for 2X. So many people prefer to invest in a new project for quick gain but they make everything wrong in money management. They put most of their funds into those risky projects and later on they are stuck on those projects for a long time or exited with losses.

[Anonylz]

Many projects are under development so it is hard to see a complete project or with a 100% working product. The reason why projects source for funds through ico, ieo, ido, igo or what have you is because they don't have the money to initially build a project into a finished product, hence, you as an investor in can only invest the their dreams and hope that they deliver, even though their token is trading does not mean there is a finish product to give a strong utility to the token.
This is the reality, even eth is not 100% complete, but compare to other alts, it is 90% better.

[Mahanton]

Many projects are under development so it is hard to see a complete project or with a 100% working product. The reason why projects source for funds through ico, ieo, ido, igo or what have you is because they don't have the money to initially build a project into a finished product, hence, you as an investor in can only invest the their dreams and hope that they deliver, even though their token is trading does not mean there is a finish product to give a strong utility to the token.
This is the reality, even eth is not 100% complete, but compare to other alts, it is 90% better.

99% of them are just promises and only a few would able to continue or do really follow on what they had promised and the rest are just pure trash or ending up on getting abandoned
which is something that very common into this market on where majority would really be just be leaved on the air hanging specially into those investors or people whom do trust up
on the project thats why its really hard to choose or consider even to those good looking project which you wouldnt know if they would able to hit up that kind of target
or they are just good with promises.

[Inspiron14]

Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.

It's true that basically mistakes are normal and everyone makes mistakes.
besides that, with mistakes we can learn to be better in the future and in this case indeed for newbies it is necessary to invest starting from small amounts,
it can also be from an airdrop, although for now it's not as much as it used to be

[Paul Pogba]

When still a newbie of course it's natural for us to make mistakes, when I joined the bounty a few years ago I used a wallet from an exchange so I didn't get paid, this is a mistake that often happens and I hope for newbies the first thing we have to understand is about the wallet .

[Ahli38]

Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.

It's true that basically mistakes are normal and everyone makes mistakes.
besides that, with mistakes we can learn to be better in the future and in this case indeed for newbies it is necessary to invest starting from small amounts,
it can also be from an airdrop, although for now it's not as much as it used to be

I myself, at the beginning, did not invest money from my work in the real world. but when I was a newbie, I used money from airdrops. because in the past the results from the airdrop were quite large. and I lost everything. but mentally maintained because the money invested is the result of free gifts.
but I see for now-now newbies start investing with their hard-earned money in the real world and even that money is really needed by them to meet their daily needs. so that when they experience a loss they are easily carried away by emotions due to a shaky mentality . and experiences like this are common today.

[Ryu_Ar1]

Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.

It's true that basically mistakes are normal and everyone makes mistakes.
besides that, with mistakes we can learn to be better in the future and in this case indeed for newbies it is necessary to invest starting from small amounts,
it can also be from an airdrop, although for now it's not as much as it used to be

The problem is that there are still a lot of people who don't think this is a mistake and believe that the project they are investing in will reach the moon even though this is clearly a scheme by saying good things over and over so that they can be thrown away at any time.
I don't need to mention the project here because there are so many things like that and maybe what is still famous today is the INU project, which is indeed their development that keeps repeating itself like a disturbing fungus.

[awik p]

Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.

It's true that basically mistakes are normal and everyone makes mistakes.
besides that, with mistakes we can learn to be better in the future and in this case indeed for newbies it is necessary to invest starting from small amounts,
it can also be from an airdrop, although for now it's not as much as it used to be

I myself, at the beginning, did not invest money from my work in the real world. but when I was a newbie, I used money from airdrops. because in the past the results from the airdrop were quite large. and I lost everything. but mentally maintained because the money invested is the result of free gifts.
but I see for now-now newbies start investing with their hard-earned money in the real world and even that money is really needed by them to meet their daily needs. so that when they experience a loss they are easily carried away by emotions due to a shaky mentality . and experiences like this are common today.

many of the beginners who want to immediately get a lot of money from trading and investing, even though they still lack knowledge about trading, but they dare to take risks, or rather their imagination about success in trading, but in the end for those who invest and see a bear market, they become panic sell, and then experience disappointment. therefore the need to understand and maintain mentality in the crypto world is very much needed

[Finestream]

These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.

Regardless of what type of investment you have, i guess there is always no guarantee to succeed. Be it altcoins or bitcoin, failure will always happen especially if you end up committing the same mistakes again and again. But the good thing here, is that you will always learn from all your losses. And when you come to analyze the reason behind your losses, that will pave way to start being profitable by correcting all your mistakes and following your new and improved strategies. 

[carlfebz2]

These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.

Regardless of what type of investment you have, i guess there is always no guarantee to succeed. Be it altcoins or bitcoin, failure will always happen especially if you end up committing the same mistakes again and again. But the good thing here, is that you will always learn from all your losses. And when you come to analyze the reason behind your losses, that will pave way to start being profitable by correcting all your mistakes and following your new and improved strategies. 

Success is something which isnt really guarantee but you cant achieve this state if you dont put up much effort and dedication on this one thats why it does really have that role or factors that you should

consider it out.Mistakes are common but as you do go ahead you would able to learn up things basing up on what you are dealing off currently.Nothing is known unless you do try

because you cant determine if it was working or not if you dont make out steps forward.So all you do need is to take risk.

[Natalim]

These are some list of mistakes that I made till now and it seems I made every kind of mistake an investor possibly can. But I think every great success has a long list of failures. So I hope some new members will find some points useful and a real-time experience is always the best place for knowledge.

The purpose of the post is to share experience only so there could be exceptions in the same circumstance for another project.

Failures become a lesson. Nobody is perfect, people are often experiencing losses and failure in nature but with the help of these things we even become better and succeed. This perhaps was predictable and the most reason that it cause this was because of our emotions, human beings had carried this stuff.

Mistakes found no exemptions, it gonna happen even though we don't like it. That is why instead of blaming others, we instead blame ourselves first.

[Darker45]

These are realities in the altcoin market. The Bitcoin market is a lot different. And I guess it is generally acknowledged that the Bitcoin market is much much safer than the altcoin market. The risks in the altcoin market are way too high and too many compared to the risks with Bitcoin. Some of these could be avoided but some may not. For example, being aware that altcoins are short-lived must have pushed you to take profit. Losing in that respect is avoidable. However, in terms of picking the best project to invest in, failure could be unavoidable. Projects may not be what they seem. What appears to be the best choice may actually be the scam.

Regardless of what type of investment you have, i guess there is always no guarantee to succeed. Be it altcoins or bitcoin, failure will always happen especially if you end up committing the same mistakes again and again. But the good thing here, is that you will always learn from all your losses. And when you come to analyze the reason behind your losses, that will pave way to start being profitable by correcting all your mistakes and following your new and improved strategies.  

Of course, all investments have risks. With that being said, there is really no guarantee that investments would result into a positive ROI. However, you cannot lump all investments together as one as if they are all the same. They differ in terms of potentials. They differ in terms of the level of risk. They differ in terms of track record even. And if we take all these into consideration in terms of crypto investment, it would come out very obvious that Bitcoin is generally a much better option than altcoins.

[Ahli38]

These are some list of mistakes that I made till now and it seems I made every kind of mistake an investor possibly can. But I think every great success has a long list of failures. So I hope some new members will find some points useful and a real-time experience is always the best place for knowledge.

The purpose of the post is to share experience only so there could be exceptions in the same circumstance for another project.

Failures become a lesson. Nobody is perfect, people are often experiencing losses and failure in nature but with the help of these things we even become better and succeed. This perhaps was predictable and the most reason that it cause this was because of our emotions, human beings had carried this stuff.

Mistakes found no exemptions, it gonna happen even though we don't like it. That is why instead of blaming others, we instead blame ourselves first.

yeah that's it. sometimes it starts from mistakes that we become to know the right. and because of failure is what makes us more diligent in learning from mistakes so as not to fail again.

experience makes us more careful in taking steps. the same goes for investing in crypto.

[Tony116]

Mistakes are normal, but if we are still a newbiew and not familiar then starting with a small value is better, and when I'm still a newbie I rely on earnings that I get free from giveaway and faucets for trading, cloud mining, hyip and even gambling and so on , if it disappears or loses then I'm not too regret.

It's true that basically mistakes are normal and everyone makes mistakes.
besides that, with mistakes we can learn to be better in the future and in this case indeed for newbies it is necessary to invest starting from small amounts,
it can also be from an airdrop, although for now it's not as much as it used to be

I myself, at the beginning, did not invest money from my work in the real world. but when I was a newbie, I used money from airdrops. because in the past the results from the airdrop were quite large. and I lost everything. but mentally maintained because the money invested is the result of free gifts.
but I see for now-now newbies start investing with their hard-earned money in the real world and even that money is really needed by them to meet their daily needs. so that when they experience a loss they are easily carried away by emotions due to a shaky mentality . and experiences like this are common today.

Nowadays, it has become difficult to earn money from airdrop and the reward is not big so people will not be patient enough to wait.
Nowadays, newbies are eager to make a profit they not only invest with the amount of daily spending they are even willing to borrow to invest in the hope of a quick return. But life is not like a dream, most of them are at a loss, in debt piled up.

[Sithara007]

Went through most of these issues during my early days in crypto (2014, 2015) and again during the ICO boom (2017,2018). The most common issue is that the listing (ICO) is made before the product is ready. And in many cases, the promoters may become dormant once the ICO is done and they may concentrate on other projects. Investors are too naïve, and sometimes they make the mistake of trusting these strangers blindly. Once the promoters receive money from the ICO, they lose their interest and give infinite number of excuses to delay their output. Lost quite a bit of money due to this unethical behavior so far.

[DVlog]

Just moved the topic to Beginners & Help section from Economic section after seeing so much positive comments. Hope this will help beginner to learn something.

Went through most of these issues during my early days in crypto (2014, 2015) and again during the ICO boom (2017,2018). The most common issue is that the listing (ICO) is made before the product is ready. And in many cases, the promoters may become dormant once the ICO is done and they may concentrate on other projects. Investors are too naïve, and sometimes they make the mistake of trusting these strangers blindly. Once the promoters receive money from the ICO, they lose their interest and give infinite number of excuses to delay their output. Lost quite a bit of money due to this unethical behavior so far.

I can see most of the project has this issue. They launch their token sale before their product is ready or just an idea. Some even doesn't have any team ready for the development but they already start marketing about their product. Investors are careless or eager for some quick gain so they actually do not care if project team can create some hype about the project. Actually its the small investors that lose their money mostly to these project.

[doomloop]

Nowadays, it has become difficult to earn money from airdrop and the reward is not big so people will not be patient enough to wait.
Nowadays, newbies are eager to make a profit they not only invest with the amount of daily spending they are even willing to borrow to invest in the hope of a quick return. But life is not like a dream, most of them are at a loss, in debt piled up.

I think that's is because the competition is now big and many people now know cryptos and all wants to get free money from the airdrops. This is also the reason why the rewards were halved. It is normal for rewards to get delayed because projects are still undergoing on some phases like sale, listing, and others.

If you are not patient enough to wait then this is not for you. It is totally wrong to use money that is intended for daily use because what if you lose that? you and your family are going to be hungry. It's also wrong to borrow and to invest because there is no assurance that we can accumulate a profit in a short amount of time to pay for our loans.

[BD Crypto]

That's why I quited investing on new launched projects. Because most of them are looks like a promising project but at a time they either fail or steal funds. More research needed before investing on a crypto project. Better we should invest on top ranked coins or on the promising projects with a strong community and team.

[Hypnosis00]

Not just sometimes, but most of the time it happens that we neglect to do the deep search of the process and ignore to see their feedback as we think they are potential because someone told us and it was promoted in social media. Somewhat we thought that it was a safe investment and we can really be profit from this. But unfortunately, it is all just a manipulative view and it was made to encourage investors to put their money.

This still exists till now, we saw unknown projects in hypes and many got their bait, and lose their money.
If we deem care about our money, we should never put it into this kind of scheme.

[Peanutswar]

Actually, even though we already make a research into the crypto investment still there's a possibility we got a honeypot or rug with the projects because it's all about the community inside even though the projects are really good and once the community makes pull down the market there a chance that the project will fall down too that's the reason why the management know how to handle the community itself to make sure the community must not creating fuds.

[Shamm]

Not just sometimes, but most of the time it happens that we neglect to do the deep search of the process and ignore to see their feedback as we think they are potential because someone told us and it was promoted in social media. Somewhat we thought that it was a safe investment and we can really be profit from this. But unfortunately, it is all just a manipulative view and it was made to encourage investors to put their money.

This still exists till now, we saw unknown projects in hypes and many got their bait, and lose their money.
If we deem care about our money, we should never put it into this kind of scheme.

These are Some reason why other investors get scammed or lost their money it because of they are trusting fake or let says unknown project lead to them in to lost. Why is this happens because they are not do some research about that project maybe they are trusting so much or lazy enough to read the feed back. But as a newbies we need to do some search and look for a good comment/ a feed back from other investors in order to prevent such loss

[DVlog]

That's why I quited investing on new launched projects. Because most of them are looks like a promising project but at a time they either fail or steal funds. More research needed before investing on a crypto project. Better we should invest on top ranked coins or on the promising projects with a strong community and team.

Most of the projects are copycats of others. Amature should be careful when investing in a startup project. Sometimes we become fascinated by seeing the complexity and brilliantness of a project but the more brilliant it is hard is it to succeed. No matter how good the idea is we should invest in a working project, not just in the idea that most amateur investors do.

[passwordnow]

Most of the projects are copycats of others. Amature should be careful when investing in a startup project. Sometimes we become fascinated by seeing the complexity and brilliantness of a project but the more brilliant it is hard is it to succeed.

That's the projection and front appearance of a project. They're showing at the top of their marketing but are poor with the actual. Most projects these days are like that.

No matter how good the idea is we should invest in a working project, not just in the idea that most amateur investors do.

We should always be able to verify if what they're talking about is real and factual. Because if you're an investor that's giving importance to your hard earned money, you'll always be that person who's meticulous in details.

[ShowOff]

We should always be able to verify if what they're talking about is real and factual. Because if you're an investor that's giving importance to your hard earned money, you'll always be that person who's meticulous in details.

Many experienced investors know it, but maybe not for those who are new. Due diligence is required by those who like to invest in new altcoin projects, sometimes it's hard to tell it's a scam at first but in reality they end up being a scam. This happens quite often in altcoin projects, so of course, potential investors must be vigilant and careful.

But the valuable lesson in investing is to always invest something you can afford to lose because then you will never feel like you're really losing when reality doesn't match your expectations.

[passwordnow]

We should always be able to verify if what they're talking about is real and factual. Because if you're an investor that's giving importance to your hard earned money, you'll always be that person who's meticulous in details.

Many experienced investors know it, but maybe not for those who are new. Due diligence is required by those who like to invest in new altcoin projects, sometimes it's hard to tell it's a scam at first but in reality they end up being a scam. This happens quite often in altcoin projects, so of course, potential investors must be vigilant and careful.

But the valuable lesson in investing is to always invest something you can afford to lose because then you will never feel like you're really losing when reality doesn't match your expectations.

The newer ones are easy to be told what they don't know and that's why some people are taking advantage of that weakness. And it's because they lack knowledge of what good and bad projects are.
These are mainly the reason why there are new investors that have been investing in the newer projects even if it's clear that they shouldn't buy that.

[Rengga Jati]

I don't know why but this kind of mistake is very common happening among the investors, newbies or even not newbies. haha
I also think that I have such a mistake, but not too big because I am not a fan of a new projects.
However, from these mistakes, we can exactly take the lessons, in what cases we must pay attention, not to make similar mistakes, learn from other people' experiences, and also do better strtegy and htought before investing.

[boyptc]

That's why I quited investing on new launched projects. Because most of them are looks like a promising project but at a time they either fail or steal funds. More research needed before investing on a crypto project. Better we should invest on top ranked coins or on the promising projects with a strong community and team.

They're the riskiest IMO.

That's why I almost not put any of my money into new projects as majority of them are not really promising to me or I'm just not impressed at all.

Research is a must just to be sure about where you'll be placing your money and it's an important matter because you'll not just randomly invest it and you're showing everyone that you're responsible with your money.

[judeafante]

Very informative post a newcomer getting some new messages from your post.just want to say before investing we should make justify.

This post was actually for newcomers who invest blindly ignoring many facts. Many of them came from the stock and forex market and they think this is the same here too. There are so many things that need to keep in mind when investing in a crypto project and I think I have mentioned most of them. If you face anything new which is not mentioned in the OP then mention it will add the end of my post.

Not only for newcomers there are still people in the Crypto space with years of experience still fall into poor projects because of not checking on what's on you've posted, I think you covered everything, sometimes we forgot the basics because of the hype we become blinded by the hype and FOMO we know there's a risk but we prefer to proceed to hope to make a profit and exit until we realize that it's too late to exit and we become bagholders of useless tokens.

[DVlog]

Very informative post a newcomer getting some new messages from your post.just want to say before investing we should make justify.

This post was actually for newcomers who invest blindly ignoring many facts. Many of them came from the stock and forex market and they think this is the same here too. There are so many things that need to keep in mind when investing in a crypto project and I think I have mentioned most of them. If you face anything new which is not mentioned in the OP then mention it will add the end of my post.

Not only for newcomers there are still people in the Crypto space with years of experience still fall into poor projects because of not checking on what's on you've posted, I think you covered everything, sometimes we forgot the basics because of the hype we become blinded by the hype and FOMO we know there's a risk but we prefer to proceed to hope to make a profit and exit until we realize that it's too late to exit and we become bagholders of useless tokens.

If you made the same mistake again and again then you were not giving your attention. We need to make mistakes to harden our knowledge and will but the truth is nobody like to do mistakes even me. But nobody is born with skill and knowledge, right? And its human nature that they learn from mistakes. So I want to take it in a positive way so that it won't influence my will of work.

[GeorgeJohn]

Very informative post a newcomer getting some new messages from your post.just want to say before investing we should make justify.

This post was actually for newcomers who invest blindly ignoring many facts. Many of them came from the stock and forex market and they think this is the same here too. There are so many things that need to keep in mind when investing in a crypto project and I think I have mentioned most of them. If you face anything new which is not mentioned in the OP then mention it will add the end of my post.

Not only for newcomers there are still people in the Crypto space with years of experience still fall into poor projects because of not checking on what's on you've posted, I think you covered everything, sometimes we forgot the basics because of the hype we become blinded by the hype and FOMO we know there's a risk but we prefer to proceed to hope to make a profit and exit until we realize that it's too late to exit and we become bagholders of useless tokens.

If you made the same mistake again and again then you were not giving your attention. We need to make mistakes to harden our knowledge and will but the truth is nobody like to do mistakes even me. But nobody is born with skill and knowledge, right? And its human nature that they learn from mistakes. So I want to take it in a positive way so that it won't influence my will of work.

I disregard this information. The essence of involving your self into this platform is to acquire the basic knowledge of cryptocurrency, because the initiative of the community to impact or transfer knowledge of cryptocurrency to another. Right now i know vividly that cryptocurrency via trading you learn by your mistake, but the basic terms of cryptocurrency is something you have to understand the genesis through our discussion from bitcointalk. Just take your time to observe our conversation.

[Munir575]

My career in the crypto sector is not very long. I do have some experience with forex markets but when I came to the crypto market everything was different except price action charts. Very soon I realized that investing in crypto and making financial gain requires extensive knowledge about the crypto space and the ability to post mortem a crypto project to know every detail about it.

The experience could be different from person to person but I am going to mention some mistakes that I made while investing in crypto which influence the final result of my investment. I will not mention the names of those projects for not to demerit them because I am responsible for many of those mistakes.

• Product was not ready: That project looks promising but their product was still in development mode. I made a huge sum of investment but the price of the token keeps falling because no utility exists by then. Lose 90% of my portfolio.

• Lesson: Do not invest in a token that doesn't have any utility or whose product is not ready.

• Product was ready but token doesn't have utility: Another project where I am still 50% down. This project is already live and they have a big community but right now their token doesn't have any proper utility so investors keep selling their unlocked token.

• Lesson: Wait for the team to implement any proper utility so that market has demand for that token.

• Fake exchange listing promises: This project was introduced by one of my friends who was also got scammed by seeing their exchange listing documents. They use fake documents to attract investors.

• Lesson: Do not fall for any project who shows their exchange listing agreements because this data is not disclosed in public. Genuine projects don't do that.

• Over expected price: In another project my expected price was too high. Maybe I was eager to recover my previous loss so I misjudge the price.

• Lesson: Do not think your project will be another Shiba Inu. Always think about a reasonable price.

• Didn't booked profit: Everything was perfect and well-timed. I was 60% up but I become greedy by seeing other people's comments. So I didn't booked profit and that token price dipped 1000% from my entry.

• Lesson: Always book profit no matter how strong the project is. Once your initial investment is out then play with your profits.

• Influenced by funds: Project shows great promises and my judgment about the expected price was reasonable. Price did go above my expected level but I was already out with a very small profit. I was afraid by seeing some community members saying negative feedback about the project.

• Lesson: Do not be influenced by some random community member. Sometimes they create fud to accumulate more tokens from panic sellers.

• Didn't care about team members: Invested in a project without properly checking details about team members. Later found out that all the admin id belonging to the owner and team members are fake.

• Lesson: A strong team is very important for a project's success. Check for the overall experience of the team members of a project.

• Too much trust in team members: Another project which I still think is a unique idea but failed to execute its plan. Most of their development dateline was delayed so the price did fluctuate.

• Lesson: We should trust the team behind the project but better be ready for the worst.

• Small community: Sometimes a project idea could be great but without community support, it's a failure.

These are some list of mistakes that I made till now and it seems I made every kind of mistake an investor possibly can. But I think every great success has a long list of failures. So I hope some new members will find some points useful and a real-time experience is always the best place for knowledge.

The purpose of the post is to share experience only so there could be exceptions in the same circumstance for another project.

very important points, one should try to take all this into consideration when you want to invest in cryptocurrency. It might seem easy but there are lots of factors that will bring you down when neglect them.
This is determined by the developer's intelligence and investment strategy, which can be short, medium, or long-term. So, before making an investment, one must determine whether it is a short-term, medium-term, or long-term investment. If you are looking for a short to medium term investment, avoid this type of investment because you may find yourself in a difficult situation if you invest in projects where the utility or product has not yet been implemented.

[Altryist]

But the valuable lesson in investing is to always invest something you can afford to lose because then you will never feel like you're really losing when reality doesn't match your expectations.

As often happens, newbies buy altcoins to get rich quick, but after they lose their money on altcoins, they focus their attention on bitcoin and then their path as investors begins. The first thing I learned when I came into the world of cryptocurrencies is that cryptocurrencies are high-risk investments, and therefore it is very important to choose the most reliable coins, since the entire sector is already considered very risky for your funds.

[Mpamaegbu]

• Fake exchange listing promises: This project was introduced by one of my friends who was also got scammed by seeing their exchange listing documents. They use fake documents to attract investors.

Many users won't fall prey to this if they were to choose exchanges by themselves without being compelled by bounties they promote. I was a victim of this when I participated in bounties. Some of those projects we promoted, lied to us that in order to supposedly cut down on cost, that they had to open their own exchanges to list their tokens. Most of those exchanges never went operational. They were staged to collect users' personal data as bounty hunters were made to go through the rigours of KYC verification. That actually exposed our personal information to those scammers. I regret giving in to such during my noob days.[/list]

[Rufsilf]

But the valuable lesson in investing is to always invest something you can afford to lose because then you will never feel like you're really losing when reality doesn't match your expectations.

As often happens, newbies buy altcoins to get rich quick, but after they lose their money on altcoins, they focus their attention on bitcoin and then their path as investors begins. The first thing I learned when I came into the world of cryptocurrencies is that cryptocurrencies are high-risk investments, and therefore it is very important to choose the most reliable coins, since the entire sector is already considered very risky for your funds.

Yeah, I indeed become a victim to such false hopes buying cheap shitcoins thinking that I'll be earning huge money when it pumps (that was the year 2017) but unfortunately, even during the Bullrun, I'd never see it pump and much worse as it was delisted from the exchanges. However, this even help me to realize how important to have tools used to analyze the market, not just a simple research is enough to determine which coin or project is a good investment but must have to dig deeper and knows how to analyze their market performance.

[GeorgeJohn]

When still a newbie of course it's natural for us to make mistakes, when I joined the bounty a few years ago I used a wallet from an exchange so I didn't get paid, this is a mistake that often happens and I hope for newbies the first thing we have to understand is about the wallet .

from my perspective, some people who is called newbies here are directed as newbie due to they just created bitcointalk account recently, but when you talk of any bitcoin related issues they hundred percent perfect than some users who just come here without passions but only to earn bitcoin. Some of the newbies already knows bitcoin from the beginning before joining here. So in summary some can educate us about wallet technology but some of them claims to be novice of cryptocurrency in order to earn merit.