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Author Topic: Why not try out a less popular but promising token?  (Read 795 times)
Zaguru12
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March 08, 2024, 09:38:45 AM
 #21

But of course, new cryptos are the ones that will give investors that generational wealth they seek. Venturing into them isn't for fainthearted investors. Bitcoin won't be able to give that type of jaw dropping profit now. In the past, yes it did it; but not now. The Bitcoin market has already gone very high. Even if Bitcoin does $200k this bull rally, not many will get that benefit considering that a great number of investors don't even have 1BTC. Majority of hodlers are within the plankton and shrimp categories. We know how quantity gets one a better ROI. For me, I would risk newly listed or unlisted cryptos with a few dollars than risk hundreds of dollars to conservatively invest in the top 10–20 listed cryptos. Bear in mind that being on the top list doesn't guarantee that a object is solid and can't go under a few years from now. I've seen a great number of top listed cryptos go down the list and some even have disappeared with the wind.

I agree on this, if you’re looking for something like a massive profits then it is new listed coins because the already existing ones might have had their time. One advice I always give as to why it better to invest in bitcoin is the security it provides, you’re most certainly getting your funds back if you sale at the right time and also wait long. But it doesn’t gives you that massive profit highest in Atleast a year is 3x.

Also does top rated coins too do not guarantee both massive profits than newly listed tokens and they aren’t secure as bitcoin too because they can go down. Of someone is looking to gamble it all them low solid cap with small market and have realistic use are the better. The most riskier of them all and most profitable again is the ICO tokens like memcoins. You will see this Degens giving out like 1000x in a month

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March 08, 2024, 09:51:40 AM
 #22

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here.
You invest in new projects it's ok, if you feel comfortable with the project then you will if your research is good. Investing in emerging projects can lead you to profits if the project succeeds, but there is no guarantee that it will at all. I think investing in less popular or newer tokens would be risky. I've noticed that investing in new projects at this point results in the project disappearing after a few days. I am basically not worried at all about new projects. When it comes to investing I always prefer to invest in Bitcoin and top altcoins. If you invest in top coins then this can be a safe option for you.
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March 08, 2024, 09:52:11 AM
 #23

Exploring or investing in new tokens can be interesting, just imagine those who started exploring bitcoin at the beginning and how they will feel to see how bitcoin has grown. There so many new tokens out there but investors major concerns is  about the project legitimacy, team experience and potential for substantial growth some of these  new tokens lack transparency or unrealistic promises and exaggerated marketing claims. But if they realistic it worth investing on new tokens especially starting from scratch with little amounts to invest in.
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March 08, 2024, 10:21:02 AM
 #24

Exploring or investing in new tokens can be interesting, just imagine those who started exploring bitcoin at the beginning and how they will feel to see how bitcoin has grown. There so many new tokens out there but investors major concerns is  about the project legitimacy, team experience and potential for substantial growth some of these  new tokens lack transparency or unrealistic promises and exaggerated marketing claims. But if they realistic it worth investing on new tokens especially starting from scratch with little amounts to invest in.

Certainly, exploring and investing in new project is a thrilling venture, and as you rightly pointed out the early adopters of Bitcoin have seen incredible growth in their investment, and success of investment in Bitcoin has fueled the interest in discovering next thing in the cryptocurrencies space. However, it is not an easy task, it requires intensive research and unwavering focus . In my opinion that next big thing could happen in Artificial Intelligence (AI) sector. DYOR

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March 08, 2024, 10:38:58 AM
 #25

You are right, for example, I am absolutely not willing to buy new coins, because very often I fell for a scam. I prefer the more reliable and established coins on the market, such as the top 15. For me, the new and unknown always leaves me with bad memories.Where there is a lot of money, there will always be fraud, so you should always approach this matter with caution and caution.
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March 08, 2024, 11:10:25 AM
 #26

Even if on paper some new tokens have projects behind them, promising platforms, in reality it is impossible to predict their future performance so it is always a gamble to invest in them, i prefer to invest perhaps with less profit but on relatively safe altcoins such as eth, bnb, matic

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March 08, 2024, 11:25:49 AM
 #27

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin Grin
Good luck. We're scared to buy new tokens because many of them are prone into rugpulling and I don't want that to happen to my money. I still invest in new projects but I don't put that much money on it and only an affordable amount that I am able to lose.
While this is a common strategy that many seem to be able to hit the lottery with their investments but I don't recommend that for myself because I am a conservative type of investor.

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March 08, 2024, 11:35:18 AM
 #28

They all might seem promising, but you've got to do deep research with all of that. And it still doesn't confirm that this coin will not be rug pulled or at least that it will perform well.
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March 08, 2024, 12:15:35 PM
 #29

Unpopular coins tend to be new coins. If you do some research and in-depth research, you will probably find a very good coin. Until now, I have seen quite a lot of coins that are not popular, but give investors very high profits.
However, choosing such a coin does have a high risk. But it is worth the profit you can get. This is what makes so many people become early investors in new projects. Even before the project starts, if it is a promising project, there will likely be a lot of investors willing to take the risk.

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March 08, 2024, 12:18:17 PM
 #30

High risk high reward but I know someone who already made a lot of money by just doing this, they are more likely to gamble here but if you are skilled and have knowledge on the field you can make some money here.
Especially now the market is bullish, a lot of new and less popular tokens will pop and most of them are just scams so we must be careful.

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March 08, 2024, 04:42:16 PM
 #31

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin Grin
I believe that at this stage, you should learn how to take risks and be confident in your decisions. Recently, I just saw the announcement of bitcoin's new ATH. And indeed, the movement of the crypto space is creating a vibrant and volatile atmosphere. With new altcoins, it depends on each person's research to be able to make appropriate decisions. I'm still paying some attention to gamefi trends and have faith that the bullish cycle coming to this sector will have massive FOMO.

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March 08, 2024, 05:12:02 PM
 #32

Op if you're willing to hold a token, then you should be the one to make your choice of holding, don't let others list coins for you all in the name of a promising coin. Reason I said so, right here in this forum we have lots of developers here, so definitely a developers would want to advertise his coin by bringing it as a suggestion for you to buy, and they'll seem as though they have done research. So be careful with information you are being provided with. I recommend you do your own research to get the coin you which to invest in, so that you'll be responsible for the risk and outcome of the project. If the result from you holding turns out good, then you'll receive all the credits for making a good choice ball by yourself and that will give you insight on how to make the right choice continually.

In as much as i would agree with you 70%, i think its very easy for someone not well grounded in this space to buy rugpull projects all in the name of looking for potential gems. If it is established project like BTC, ETH and other top projects with good liquidity and mcap. There is no problem but investing in new projects can be dangerous if one dont have all the requite knowledge about it, its use cases and the project team and that is why sometimes, insight gotten from this forum can help someone make an informed decision. I am not disputing the fact that their are several developers that may want to advertise their projects but out of 10 comments maybe one of them can be in that category.  As regards the OP quest to invest in new coin, i actually buy the idea coz if one is able to get the right project to invest in especially as bullrun seems to have started, one may easily get decent returns compare to established coin. For me, Scallop $SCA is a project that am watching closely as the launching is imminent. The backing from industry giant like CMS Holdings, 6MV, SUI, AC Capital, UOB Ventures, Signum, Cypher, etc is a testament of how interested investors are keen on the project plus the TVL has  also surpassed $117. Will also go live on exchanges soon.
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March 08, 2024, 05:26:14 PM
 #33

Nothing really bad in being an "early investor" in a certain project because the growth potential is far higher. The reason why it's mostly not recommended for 99% of people is because a huge majority of people are simply incapable of making good decisions in such risky investments, hence why people are better off just buying BTC.
Reasonable reason, looking at the potential i prefer btc over others, because i don't want to take too high a risk even though a little result would be better.
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March 08, 2024, 05:51:59 PM
 #34

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin Grin
Your money your rules
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Your money you full rights

When it comes on investing on new projects then it would really be that entirely be depending on you on which it would really be just that common that there would really be
those people who would really be skeptical on investing into new projects but eventually you could really be able to make money if you do able to hit up the right spot.
Not all good looking and good utility kind of project do able to pump out. It would be always be something that needs up for some community support and recognition on which this is
something i should say that on where one of the main or biggest factor that could make a project do pump.

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March 08, 2024, 05:52:15 PM
 #35

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin Grin
If you neglect the contents of your wallet and are ready to take unreasonable risks, then try to catch your luck with "less popular but promising token". There is no fear in buying a new token, but there is a sober rational calculation based, so to speak, on statistics. 99.9% of tokens is useless and unnecessary garbage. Trying to find a couple of diamonds in the form of "less popular but promising token" in this pile of garbage is practically impossible. In this case, it is better to adhere to a conservative investment strategy.

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March 08, 2024, 08:23:41 PM
 #36

Why do you have to look for a stupid way by buying tokens that are less popular, whether they are guaranteed and promising. Because if you don't have a community it won't mean anything. Tokens that are not popular but have a strong community and good marketing are better. Don't choose high risks if there are many better options.
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March 08, 2024, 08:28:35 PM
 #37


the good thing that might happen in diving into the new token is that you become an early investor and the possibility of getting millions is what you hope for.

but there are lots to consider when you want to invest in a new token. scam is just one that you have mentioned but whatever makes sense to you will end up in your portfolio and if that doesn't yield ROI for you then it's a liability which is not good for business.

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March 08, 2024, 08:39:02 PM
 #38

Are you that rich to just put your money at risk? Grin

Investing in lesser known projects or newly launched projects can be a good thing if only risks are properly managed. Investing is always risky but moreover when you are investing in projects that are not that big or popular.

Of course you should do your own research because not all coins that are unpopular right now would stay that way. If you see potential, then you should invest on it. We all have different levels of risk tolerance and we might not be as open to investing to a new project than you. Plus, if this coin truly has a potential then you should be able anle to find it for yourself and not hear it from other because that would mean you are already a little bit behind.

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March 08, 2024, 08:46:13 PM
 #39

If a project gets to the exchange and let's say it's not progressing much in terms of price but still it's a real projects and if the dev team develops the project further than we may see increase in its value and this is what I term as unknown coins i nena there are many such coins in the market and I have made some investment in one such project named UTK which is good but not well know.

The sole reason why people don't invest into new or unknown coins is what if it's a scam which happens with most of the new projects as they either don't reach exchange or they just dump it on the day of launch and that's all.

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March 08, 2024, 09:24:26 PM
 #40

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new token. So, starting tomorrow, I plan to take the first step to learn about an unknown token. Everyone is welcome to recommend, and the flag is here. Grin Grin
Probably the big reason is the potential scam project and that’s why many still prefer to invest on a popular project even if it’s a new one. There’s no problem to invest with them though as long as you see it’s potential and as long as you are ready for the risk. Personally, in this bull market my both eyes are just looking at the top coins, they are the one who are making a big pump and we should follow that trend for now.

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