Mistake I made till now investing on crypto projects.

[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.

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[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.