Mistake I made till now investing on crypto projects.

[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.