People with quick rich attitude always mess up with alt coins

[Natalim]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

[Oilacris]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

No matter how we do tell and say for how many times about staying away from these projects but there would be still those people who are gambler like mind on which they would really be touching up

this space because it cant really be denied that it could really give out that chance on hitting 10x or 100x so easily and in a short time and this is why i cant blame them those people or investors.
Even myself did able to touch up this thing also on which it is interesting and could bring out profits but of course if this one is only on the time that you do make out the right choice and right actions
on that exact time. You should really know on when to hit and run because if you do find yourself get caught on the peak then you would end up on losing money.

You should be wise if you are really that touching up this space but its not something recommendable for everyone because risks is high and turns out to be a gamble.

[bittick]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

most that have the purpose of investing in altcoin solely for speculation will disregard this advice, because the thing that they are seeking is the thing that you mentioned to be the disadvantage.
quite funnily enough thats the very reason many are just having massive loss.

[shinratensei_]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

unfortunately though manipulation towards the price was very rampant especially with those altcoins at initial stage where their market capitalisation was still relatively low.
it just means that it more vulnerable towards the manipulation that might be pulled of from under the hood.
I just think only at early stage through platform like binance where they have reviewed their project gonna be better than speculating on some random projects out there.
its just a lot more safer since you know you won't get rugpulled or scammed.

[AmoreJaz]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

unfortunately though manipulation towards the price was very rampant especially with those altcoins at initial stage where their market capitalisation was still relatively low.
it just means that it more vulnerable towards the manipulation that might be pulled of from under the hood.
I just think only at early stage through platform like binance where they have reviewed their project gonna be better than speculating on some random projects out there.
its just a lot more safer since you know you won't get rugpulled or scammed.

the good thing about binance is they won't list a project if they know it is crap in the first place. they have their team reviewing the project itself, if it is valuable or not. or if it will be in demand in the market or not. and maybe with the exception of shib, they saw the high demand from the community so they list it even without the application the shib team. well, at the end of the day, it is all business.

[nesty]

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

That is true we must be cautious with alt coins. There is no guarantee that if we saw the coin pump to 100% within 24 hours and invest on it we will gain profit. It is very risky to invest in an alt coin that was being pump to 100% because it might declined dramatically or doubled the 100%. That is why the quick rich attitude often mess up with investors. Crypto currency market is very volatile in a blink of an eye you might loose all your investment. So think twice or thrice before investing in your chosen crypto.

[Pamadar]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

unfortunately though manipulation towards the price was very rampant especially with those altcoins at initial stage where their market capitalisation was still relatively low.
it just means that it more vulnerable towards the manipulation that might be pulled of from under the hood.
I just think only at early stage through platform like binance where they have reviewed their project gonna be better than speculating on some random projects out there.
its just a lot more safer since you know you won't get rugpulled or scammed.

the good thing about binance is they won't list a project if they know it is crap in the first place. they have their team reviewing the project itself, if it is valuable or not. or if it will be in demand in the market or not. and maybe with the exception of shib, they saw the high demand from the community so they list it even without the application the shib team. well, at the end of the day, it is all business.

As per my own take, as long as they see (binance) a huge amount of benefits, they will list it.

And that's what happened with Shiba, they've got a huge amount of supports where money really flows and that's bring
huge money for binance.

We can't conclude how they work or how the reviewing team works, but with the right amount of money that
they can earn is how it matters and how they weight it in.

[Gallar]

~Snip

All of these aspects must be implemented and carried out when making purchases on the crypto market. In fact, not only for coins that are experiencing high price increases, but for every coin that is purchased, it is mandatory to analyze and find out about the ins and outs of the coin being created. Because if don't take these actions, are afraid to buy a coin that doesn't have good potential (shitcoin). Then if there is a coin that experiences a high increase as you explained, I usually don't buy it, unless the increase in the price of the coin is genuine from the impact of the coin project. Because in the past, when I was not experienced enough in the field of crypto, the funds that I had, were often stuck in coins that were experiencing price increases. Because in the past, when I saw a coin that was experiencing a high price increase, I usually bought it immediately, with thoughts of fear that the price would get higher. But in the end, the coin dropped and you could say I lost. So for that reason, now I am more careful and not easily tempted by coins that are experiencing price increases.

And all the losses that I experienced before. Indeed it is the impact of the mind want to get rich quick. So I was in a hurry and didn't analyze the coins to buy properly.

[lienfaye]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

most that have the purpose of investing in altcoin solely for speculation will disregard this advice, because the thing that they are seeking is the thing that you mentioned to be the disadvantage.
quite funnily enough thats the very reason many are just having massive loss.

Many investors are not cautious in choosing the altcoins to invest in. Because what they look for is an altcoin that can give give them insane return (like x1000) in a short period of time. The reason why they prefer to join the ride of the hype coins to not missed the opportunity. But this is the mistake of the investors who only look for what's the current hype and not on its use case. Sometimes you'll only understand and believe the suggestions of others if you already experience to lose your capital due to wrong decision.

[axxo]

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

That is true people should be cautious with alternative crypto currencies. The market is too volatile and anything can happen in a blink of an eye. We should had done a thorough research on a specific coin before investing in it. If an investor has a get-rich quick mind set they are more likely to make impulsive decisions without doing their due diligence and it may result to significant financial losses. To avoid such losses be cautious and always think a lot of times before investing.

[livingfree]

If an investor has a get-rich quick mind set they are more likely to make impulsive decisions without doing their due diligence and it may result to significant financial losses. To avoid such losses be cautious and always think a lot of times before investing.

It is going to put him on a bad place if a person has this type of mentality. It's wrong to think of quick rich gains and despite the market is highly volatile, that's still a bad attitude to have towards this market.

These people that have this mindset will likely end up being scammed and lose everything they have because they don't want to get into the natural process of gaining and losing in the market.

These things are normal and common but those that want to take a quick detour and shortcut will certainly end up badly.

[QueenVera]

the good thing about binance is they won't list a project if they know it is crap in the first place. they have their team reviewing the project itself, if it is valuable or not. or if it will be in demand in the market or not. and maybe with the exception of shib, they saw the high demand from the community so they list it even without the application the shib team. well, at the end of the day, it is all business.

Binance has listed scams in the passed and they immediately delisted it when it was exposed. All exchanges are the same they'll list any tokens that'll give them big trading volume so they can make money from the trading fees. Binance exchange also listed Floki and Pepe without any application from the team but just because this memecoins has huge trading volumes.
Binance exchange is still a good exchange because they care about their reputation and won't do anything negative to affect it so we can always trust them to make things right when they make mistakes. We have many dead projects still listed on Binance exchange and people are buying them thinking they're good project because they have very low volume and almost dead.
Cryptocurrency isn't a quick rich investment and any project promising you that is lying to you. The project that can make you money has to be invested in and you wait for some years. If you invest and get rich very quick, sell your tokens and move from that investment because it'll crash very soon just as others has crashed after it pumped very fast in 2021 due to too much hype.

[avp2306]

I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.

One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.

That is true people should be cautious with alternative crypto currencies. The market is too volatile and anything can happen in a blink of an eye. We should had done a thorough research on a specific coin before investing in it. If an investor has a get-rich quick mind set they are more likely to make impulsive decisions without doing their due diligence and it may result to significant financial losses. To avoid such losses be cautious and always think a lot of times before investing.

Altcoin investment is also good if you are aware about possible peak of project before it died. Since you can able to earn with them as long as you are not into long term hold mindset on those token. But if you think about holding it because you want to get rich easily then provably you will be at huge mess and can't recover your losses since there's nothing to recover since the dev scam their community by dumping all their tokens.

[gunhell16]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

unfortunately though manipulation towards the price was very rampant especially with those altcoins at initial stage where their market capitalisation was still relatively low.
it just means that it more vulnerable towards the manipulation that might be pulled of from under the hood.
I just think only at early stage through platform like binance where they have reviewed their project gonna be better than speculating on some random projects out there.
its just a lot more safer since you know you won't get rugpulled or scammed.

the good thing about binance is they won't list a project if they know it is crap in the first place. they have their team reviewing the project itself, if it is valuable or not. or if it will be in demand in the market or not. and maybe with the exception of shib, they saw the high demand from the community so they list it even without the application the shib team. well, at the end of the day, it is all business.

indeed, that's why a token that is new to the crypto business is not listed on binance because the standard requirements are high, meaning every coin. that is listed on the binance platform we can say that there is real potential and high chances that the value will increase due to the millions of users who use the platform.

it just becomes a mess when the altcoin you bought drops its volume and liquidity and when that happens the ship will surely sink and your coins will be stocked up.

[Solokan]

people who want to get rich quick usually always invest in altcoins and the proof is that many are successful because the altcoins they hold go up to 1000% or more. but there are also many who lose as a result of investing in altcoins because the altcoins they hold fall by 500% or more, of course, that will result in losses.

In my opinion, in this case, we can invest in altcoins, but we must be prepared for risks and most importantly, we must be able to analyze technical, fundamental, and others.

[fzkto]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

unfortunately though manipulation towards the price was very rampant especially with those altcoins at initial stage where their market capitalisation was still relatively low.
it just means that it more vulnerable towards the manipulation that might be pulled of from under the hood.
I just think only at early stage through platform like binance where they have reviewed their project gonna be better than speculating on some random projects out there.
its just a lot more safer since you know you won't get rugpulled or scammed.

the good thing about binance is they won't list a project if they know it is crap in the first place. they have their team reviewing the project itself, if it is valuable or not. or if it will be in demand in the market or not. and maybe with the exception of shib, they saw the high demand from the community so they list it even without the application the shib team. well, at the end of the day, it is all business.

indeed, that's why a token that is new to the crypto business is not listed on binance because the standard requirements are high, meaning every coin. that is listed on the binance platform we can say that there is real potential and high chances that the value will increase due to the millions of users who use the platform.

it just becomes a mess when the altcoin you bought drops its volume and liquidity and when that happens the ship will surely sink and your coins will be stocked up.

Binance has a good reputation and they don't want to risk that by allowing scams on their exchange. But we can remember that they did some delisting of projects that turned out to be dead. And I also have one example of such a dead project that is still on Binance. It's Sonm SNM. The developers quit a long time ago, but the project is still on Binance.

[Pamadar]

people who want to get rich quick usually always invest in altcoins and the proof is that many are successful because the altcoins they hold go up to 1000% or more. but there are also many who lose as a result of investing in altcoins because the altcoins they hold fall by 500% or more, of course, that will result in losses.

In my opinion, in this case, we can invest in altcoins, but we must be prepared for risks and most importantly, we must be able to analyze technical, fundamental, and others.

And if you sum it up, the percentage of those who lost from this kind of investment is far higher than those who managed to earn.

It's really hard to pick and sort out the right project to invest. If you have a mindset that it will bring you big profits,
without doing deep research, more on how dedicated you are to finding the right project and you are not doing
a gambling type of investment, but you have deeper knowledge about the project that you support.

[JeffBrad12]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

well thats the thing with new project, nothing much difference if compared to the new startups.
the thing is that definitely not all of them could always survive majority of them will just outright dump and lose their value.
when it comes to the new project I think the project that has some partnership with the other large institutional even reputed exchanges like coinbase which we know always list very few select token or coins.
are gonna be that massive of helps, it will definitely helps a lot in keeping the project from dumping to oblivions.

[AmoreJaz]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

well thats the thing with new project, nothing much difference if compared to the new startups.
the thing is that definitely not all of them could always survive majority of them will just outright dump and lose their value.
when it comes to the new project I think the project that has some partnership with the other large institutional even reputed exchanges like coinbase which we know always list very few select token or coins.
are gonna be that massive of helps, it will definitely helps a lot in keeping the project from dumping to oblivions.

when it comes to alts, better choose a project that is backed by well-known company. because they won't just shelve the project because they will be investing their funds to take off the project. now, if they decide to stop the project, you can easily read their update as they will announce it in public. because if they will just abandon it without prior warning, it won't be good on their reputation. so they won't mess it up if they have image that they want to take care of.

[Pamadar]

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

well thats the thing with new project, nothing much difference if compared to the new startups.
the thing is that definitely not all of them could always survive majority of them will just outright dump and lose their value.
when it comes to the new project I think the project that has some partnership with the other large institutional even reputed exchanges like coinbase which we know always list very few select token or coins.
are gonna be that massive of helps, it will definitely helps a lot in keeping the project from dumping to oblivions.

when it comes to alts, better choose a project that is backed by well-known company. because they won't just shelve the project because they will be investing their funds to take off the project. now, if they decide to stop the project, you can easily read their update as they will announce it in public. because if they will just abandon it without prior warning, it won't be good on their reputation. so they won't mess it up if they have image that they want to take care of.

Good thing to know about who's behind the project and what they are staking with it,

Reputations are very important for each business and like what you mentioned, if they are backing certain project they are not
just risking their money, but also their reputations. They will mostly refer on, as it will not be a good sign to have that bad reputation.
it will affect the whole business so they will be very careful about it (most of them if not all)