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Author Topic: Why not try out a less popular but promising token?  (Read 783 times)
shanhaigamefi (OP)
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March 08, 2024, 03:29:03 AM
 #1

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
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March 08, 2024, 03:46:41 AM
 #2

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.
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March 08, 2024, 04:28:22 AM
 #3

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.

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March 08, 2024, 04:28:43 AM
 #4

Maybe we should not call it an unknown coin, we should rather call it a new coin. I can guarantee that some new coin will bring massive return that the 100 coins on the coinmarketcap. Also many top 100 coins will lose their spot after the bull market

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March 08, 2024, 05:07:12 AM
 #5

Maybe we should not call it an unknown coin, we should rather call it a new coin. I can guarantee that some new coin will bring massive return that the 100 coins on the coinmarketcap. Also many top 100 coins will lose their spot after the bull market
Correct, unknown coins means those coins can be old coins but not promising or not popular on the market, but a new coin have potential and listed on many major exchanges but somehow we missed it that doesn't mean it's a unknown coin. Mostly new coins price increased several times in the market than top old altcoins, and you know so many altcoins are reached in top 100 coins.

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March 08, 2024, 05:32:28 AM
 #6

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

Sometimes if when you choose carelessly it will also work but the percentage is 1:1000 only if you are lucky. Usually the token will rise if it gets a high pump from one of the well-known crypto influencers and there is hope that it will rise, but if it only hopes from buyers, as has been experienced by many people, it will stay there and not move in the value of our investment.

I thought, Why test and waste our money where it doesn't belong?? and if you want to have fun with your money I don't think it's a problem to keep gas.

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March 08, 2024, 05:32:45 AM
 #7

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
Scam is the main reason why many investors (including me) are hesitant to buy these new tokens.

In the past years, I've seen many projects turn out to be scam projects or what they call a "rug pull". The good thing is that there are fewer scam projects compared to what it was like 3-4 years ago when ICO was a popular niche. Many projects joined the hype at that time, but some of them were just created to scam people, and that changed how investors see these new ones that are popping out.

You want to learn about an unknown token or in this case new token. The problem with this new project IMO is the lack of community behind it since it's a new one. There are times when a new project that has no community at all will be the same, but there are some who will have people who will support the projects for some reason. Learning about an unknown token will be hard IMO because there are many of them. If you want to learn more about them then maybe focus on the bottom 500 or 1000 in terms of market cap.

 
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March 08, 2024, 05:33:26 AM
 #8

Maybe we should not call it an unknown coin, we should rather call it a new coin. I can guarantee that some new coin will bring massive return that the 100 coins on the coinmarketcap. Also many top 100 coins will lose their spot after the bull market
Yes I support you because there are many new coins that have come into the market and made good positions. Where some of the older coins were at the top positions, many new coins have come and taken their place. Investing in new coins is not risky but must be in good exchange and good position coins. Like ORDI, TIA etc. all these coins are new and have made a good position in the market. So new coins should not always be neglected.

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March 08, 2024, 05:35:43 AM
 #9

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
Well thats a risky one but in all honestly I think that new project is more potential of a gain with more higher than already listed especially when its narrative is based on the current trend now like AI, RWA, lsdi, depin or some memecoin. Well I do think that most will rise are the new ones. L2 are also good lile the one whom never experience bull run like arbitrum and optimism. Theres plenty of choices but now L1 are the one pumping like eth, sol and bnb.

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March 08, 2024, 06:24:54 AM
 #10

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.

Certainly, there is merit in being an early investor, as history has consistently shown that early bird are tend to have advantage over latecomers. However, it is crucial to be aware of risks involved with new projects as they don't have any history of performance. Therefore, take risk keeping in view your financial situation and risk tolerance level, or rather investing in Bitcoin is a better option as it is well established and recognized digital asset.

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March 08, 2024, 06:39:35 AM
 #11

It is ones decision to whatever they wish, this is also applicable to holding altcoin, individually choice is personal and thats is why it is advisable to allow any individual to choose whatever the I'm at to do, the thing is that people are more interested in bitcoin and thats because of trust, many token has been proven to be scam this changed the mindset of many investors to divert their attention, I have a friend that has lost a lot in this token of a thing and as it stands there is nothing you will tell him about new project that he wouldn't tag it scam and I believe that there are many people like that too, it very difficult to ascertain a less known coin thats is encouraging.

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March 08, 2024, 06:50:39 AM
 #12

Purchasing new coins isn't inherently daunting, particularly if you're confident due to thorough research. The real fear lies in investing based solely on hype or fomo. I refrain from recommending specific new coins, as their success rates are typically low in their infancy stages. Additionally, bear in mind that even the most promising projects, if lacking substantial community backing, may ultimately falter.

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March 08, 2024, 07:23:46 AM
 #13

Invest on to tokens has a big risk, especially  holding on to tokens that are less popular. In my opinion you are just wasting your money in vain.  Crypto is useful and valuable as long as people still use it and and trade it.  If you decide to look for a less popular token, I'm afraid one day it will disappear on the market and all your money will burn without a trace.  Investment must be done with analysis, strategy and a clear mind.  Instead of looking for less popular tokens, I suggest that you should jump into a new project like ICO or presell, select several tokens that you think are good and then analyze their potential well.  Or for better safe, just invest in Bitcoin or Ethereum.  I hope you rethink about your plans.
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March 08, 2024, 07:26:33 AM
 #14

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.

Being among the early investors in a new project can give you an edge because probability is that the price will not dip lower, rather it'll pump as more investors buys the tokens. The investors must however understand that investing in new projects is a gamble, because there are more more scams than genuine projects, so they must do the needful "research", so they won't fall for hypes and promises of getting unrealistic returns on investments. It's only Bitcoin and established altcoins that you don't need to research whether they're reputable to invest in, because they've proven their reputations.











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irhact
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March 08, 2024, 07:28:35 AM
 #15

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

Why many individuals are avoiding the new and less popular tokens is as they're afraid of getting scammed. Alot of projects disappear after few months of launching as they're scam or lacking investors therefore only the popular ones keep getting more investors and their investors are making profits. This week, memecoins pumps and some of the biggest winners are popular memecoins while we have unpopular ones that no individuals are investing into them.

If you buy unpopular tokens, you mightn't be very lucky to have them pump and give you profits. Many unpopular tokens stay unpopular until they get delisted from the exchange that's trading them due to low trading volumes and to make space for the new and trending tokens that everybody is talking about. When you buy trending and popular tokens, you'll have hope that you're going to make profits.

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hitsnorth
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March 08, 2024, 08:02:07 AM
 #16

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

Well, those are the reasons why I'm not investing in new coins. Some old, but not that popular coins are usually can be checked just by the price history. For example, which is a bit not right, XRP is an old and very popular coin, but it had one ATH and never reached it after that, even during bull runs. Why people are still fighting for it? I suppose they just can't accept that they were wrong.
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March 08, 2024, 08:09:05 AM
 #17

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

New cryptos are not a problem, if they are easy and transparent then there is no reason to be afraid, but it depends on each person's research.

And even things that are created with bad intentions also have potential opportunities around them, we just have to grasp that opportunity. But its risk is always very high, anything new comes with initial skepticism (including bitcoin). I'm not the type of person who often takes risks with investments, so I always prioritize safety. So with new alts, I often rely on a number of criteria to decide whether to buy and keep them. Anyway, the choice is not forced, feel free to choose even if the results are not as expected, it also brings lessons for us to learn from mistakes.

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March 08, 2024, 08:27:49 AM
 #18

cost? scam? believe? Data cocoon room? This is probably why we are afraid to buy new tokens. 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

Everything in the crypto space is generally risky, but new tokens are less expensive to invest in. These are the lists of new tokens added from yesterday till today;

TOTO - $0.00002112. Started 20 hrs ago.
MegaWorth - $17.97. Added a day ago.
XRGB -$0.5451.Started a day ago.
Blast Pepe-$0.00001207. started 22hrs ago.
Africarare Ubuntu - 0.06555. started a day ago.

These are a few new tokens to invest in.

ElonCoin.org    ElonCoin.org    ElonCoin.org     ElonCoin.org     ElonCoin.org    ElonCoin.org    ElonCoin.org
●          Mars, here we come!          ●
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March 08, 2024, 08:36:38 AM
 #19

Maybe we should not call it an unknown coin, we should rather call it a new coin. I can guarantee that some new coin will bring massive return that the 100 coins on the coinmarketcap. Also many top 100 coins will lose their spot after the bull market
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.

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March 08, 2024, 09:25:05 AM
 #20

There are more than 2 million cryptocurrencies, and if we say that there are 10,000 cryptocurrencies worth investing in, if you decide to invest $10 in each cryptocurrency, this equals 100,000 dollars. Therefore, instead of that, investors prefer to invest in about 20 cryptocurrencies, and choose three to five currencies accordingly. Random or personal investment that is contrary to other investments or investment advice, but it is usually a shy investment of less than 500-1000 dollars.

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