A mistake you would surely regret

[Troytech]

Yes it's another bull run and everyone that invested in a scam project or lost money in the last bull run are already filled with FOMO and shouting to the moon for new projects they have no knowledge about, many Influencers are out again promoting new projects and promising huge returns and you can see a lot of persons in the Comment section following and wants to invest.

Don't let the green you see everywhere confuse you to forget the basis of investment, do your own research and don't follow the crowd that has no knowledge in what they are doing, don't let greed push you into looking for outrageous profits like 100x on new projects and you end up losing your money to scammers.

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.

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[tabas]

You can't stop them and they're more aggressive this bull run. I have no idea who has put in the minds of mostly beginners about having x100-x1000 with their investments. They truly are prone to scams with that mindset whilst the ones that are into safe investing by having their money in Bitcoin doesn't have to think about such. A lot sure will get into new projects thinking that they're early on those but, they should be wary about the rug pulls aren't gone and those developers that have been doing that will just repeat the process trying to lure these poor investors that have no idea of what they're up to.

[Helena Yu]

it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

It's way better to only own Bitcoin.

[Lucius]

Today, most people want to become rich overnight, and this especially applies to young people who think that cryptocurrencies are some kind of magic money that falls in the form of airdrops and is shared by some rich people who simply have too much money and don't know what to do with it. What seems to me is that people are becoming less and less intelligent, which is not surprising considering that they left "thinking" to computers a long time ago, and with AI apps this is even more pronounced.

If today, on a social network, you would ask a simple question in the following form:

I give you $10 000 to invest in Bitcoin and in 10 years that investment will be worth $100 000 - or you can choose 10 altcoins to invest that money in, but the risk of losing everything is greater than 80%. I wonder if at least 10% would be smart and choose the first option, although it is certain that the majority would decide to gamble, especially since someone gave them money.

[PytagoraZ]

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.

Nobody likes losses, so to avoid this, choose bitcoin because it is the safest coin and history has proven that even though the price of bitcoin can fall freely, it will always touch a new ATH. Maybe bitcoin cannot rise to 100x in the near future but bitcoin is proven to store value to avoid inflation and also has a high level of profitability.

So instead of being confused about which coin to choose, choose bitcoin. It's easy and doesn't require much thought

[Text]

In my opinion, this is the very first mistake: never invest in a project solely based on someone else's recommendation. Take the time to understand the project, its team, goals, and potential risks. Just because a lot of people are investing in a particular project doesn’t necessarily mean it’s a good investment. Crowd behavior can often lead to inflated prices and eventual crashes.

Mistakes also arise from greed. Seeking outrageous profits like 100x can often lead to significant losses, especially if you’re investing in projects you don’t fully understand. It's easy to get caught up in the excitement and FOMO, especially when everyone seems to be shouting about new projects and massive returns. Quality over quantity is the key when it comes to building a solid portfolio.

[Dailyscript]

Truly, the green has triggered so many investors to start thinking of the nearest altcoin to buy that will give them 100x and above. Many would be lucky, and many would fall victim again. One way or the other, we would hear news about regrets. Either an investor delayed investing in a coin and it went up, while others would be regretting that they took little profit because of the small rise when they would have waited for a long time to take a good profit. These are common regrets of investors.

I also think that the hype of cryptocurrency will lead so many people to take bad actions. Especially beginners in cryptocurrency. Unlike other years, we saw lots of influencers, news, and hype in cryptocurrency. This changed the minds of people who had not believed before to believe in it. Most of them believed or were convinced that if they invested, they would become rich in no time. This mindset is what may hinder them from success since they decide to take a bold step and invest.

[Issa56]

Yes it's another bull run and everyone that invested in a scam project or lost money in the last bull run are already filled with FOMO and shouting to the moon for new projects they have no knowledge about

Investing in new projects is just too risky, most of the new projects entering the market are just fake coins, most of them are created by scammers just to defraud people. It’s better to invest in bitcoin, and if you prefer altcoin investments, then you can decide to invest in altcoins that have been in crypto space for some period of time, but not new projects. If you are investing in new altcoins, then you are just gambling with your money, and their is high chances that you are going to lose the money.

many Influencers are out again promoting new projects and promising huge returns and you can see a lot of persons in the Comment section following and wants to invest.

And do you have to trust influencers? No most of them are doing it for their own selfish interests, most of them are being paid for advertisement, and they don’t care to make research about the legitimacy of the project they are advertising for, all they want is just to be paid. Also some of the so called influencers are also scammers, some of them knows the developer of the coin, the just decided to collaborate, and if they end up scamming people, they will end up claiming the are innocent.

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Don’t be too confident about a project, always diversify your money, if you invest all your money in a particular project, if anything goes wrong, then all your money is gone, but if you diversify your investment, if anything happens to one, you won’t be losing all your money completely, their will be other coins which you will rely on. But I will say avoid shit coins.

[Tmoonz]

Every individual has its own level of risk tolerance, can you handle it when things goes side ways, are you investing with your personal conviction or it is because that is what everyone seems to be doing or talking about, is best you determine your personal risk assessment and stick to what  is best for you, let it not be had I know at last. Do your thorough research before you end up with a scamme project by not being carried away by market trends of influcers.DYOR should be your watch word.

[jrrsparkles]

I am not too sure that anyone who already have bitter experience for investing in the wrong projects will dare to invest again in this bull run on the upcoming projects unless some of the project compensated the loss they have made in the following cycle. It's acceptable to take risk with very small amount from your total portfolio like 10% but who just go 100% on the complete new coins are expecting to win a lottery.

[hd49728]

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Bitcoin maximalists will say you should have only Bitcoin in your portfolio.

If you want to limit your portfolio to 5 cryptocurrencies, what are other four together with Bitcoin, a default one?

You must know top coins can die too. Many top coins died in past years and in latest bear market, we have Terra LUNA and FTT tokens. If you pick 4 other cryptocurrencies because they are top cryptocurrencies, you can be rekted too.

[Abu-Naim]

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Time like this is a time where everybody claim to be experts in cryptocurrency because they are seeing green everywhere.
Everyone will be given hints in crypto projects they tends to believe in, and due to the bull run, the market is favorable to them to some extent before the scam projects they believed in start failing them, when it start happening like that, they all start to be lame crypto as scam.
An intensive research is needed before investing in any crypto project apart from bitcoin in my opinion. There are altcoins that can still give 10-50x during this bull run, but you need to do more research before getting to know about them, learn and ask questions and invest, and also, avoid FOMO.

Lastly invest what you can afford to lose, or rather stake what you can afford to lose cause I know no matter the advice many read they woudl still invest in shit coins so stake what you can afford to lose.

This is an important advice, investing what you can afford to lose a good advice, but I will not advice newbies to stake their coin this time because they might need it when it will not be available for them to un stake them.

[Troytech]

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

Bitcoin maximalists will say you should have only Bitcoin in your portfolio.

If you want to limit your portfolio to 5 cryptocurrencies, what are other four together with Bitcoin, a default one?

You must know top coins can die too. Many top coins died in past years and in latest bear market, we have Terra LUNA and FTT tokens. If you pick 4 other cryptocurrencies because they are top cryptocurrencies, you can be rekted too.

The point is all about beign safe, at least having to pin down your choices to only five would give you a better chance at making better decisions than wanting to invest in all the projects or so many coins/projects that comes your way and this is for those that love investing in too many projects.

Last time I made a post about investing in only bitcoin, many users on the forum did not quite agree with me cause they maybe like altcoins, and although i don't invest in altcoin I can't write them all off, they are some good projects too and some that actually help the entire crypto space like Ethereum, so many development came from ETH.

I can't decide the best 5 coins to invest in, I won't take blame if anyone loses money due to such advice, or if investing in 5 as a minimum is best, the point is just to try to minimise the amount of alts you diversify into cause there there so many scam projects and most newbies can't well differentiate the bad from good ones neither can anyone do it perfectly, but if you accept this reality and set a limit on how many you would give attention to then you have a better chance at making good decisions.

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

If you want to limit your portfolio to 5 cryptocurrencies, what are other four together with Bitcoin, a default one?

You must know top coins can die too. Many top coins died in past years and in latest bear market, we have Terra LUNA and FTT tokens. If you pick 4 other cryptocurrencies because they are top cryptocurrencies, you can be rekted too.

I wasn't referring to top coins, but at least it's fact that they have more tendencies to last longer than other projects that Bearley have any utility, most top coins that dies happened as a result of scam or maybe fraud from insiders, you know that TERRA LUNA didn't just die because of the bear season, it has survived many bear season before that one, from what I read online it was as a result of scam from the ceo of the project.

I think it's better to work with a big project that is trusted than a new project that you have very little idea about, anything can happen when investing and we are well aware of the risk so I think a better risk management would be to work with well known projects than new ones unless you have the skill to identify the good projects.

Now a question to you

What would you advice that is better, old projects that have lasted a while or new projects, and bases on risk which should be a better option?

[Troytech]

Today, most people want to become rich overnight, and this especially applies to young people who think that cryptocurrencies are some kind of magic money that falls in the form of airdrops and is shared by some rich people who simply have too much money and don't know what to do with it. What seems to me is that people are becoming less and less intelligent, which is not surprising considering that they left "thinking" to computers a long time ago, and with AI apps this is even more pronounced.

If today, on a social network, you would ask a simple question in the following form:

I give you $10 000 to invest in Bitcoin and in 10 years that investment will be worth $100 000 - or you can choose 10 altcoins to invest that money in, but the risk of losing everything is greater than 80%. I wonder if at least 10% would be smart and choose the first option, although it is certain that the majority would decide to gamble, especially since someone gave them money.

Its always going to be a better option to invest in only bitcoin, finding good projects in the altcoin market is very hard and you would find so many with no utility and still claiming to have a better innovation than bitcoin, so many scammers are flooded there.

Investing in bitcoin is a far safer and more guaranteed option to give returns than even 10 altcoins put together, the only problem is that people hate the idea of having to hold for long and would rather settle for the quick money mindset and end up losing all their money to scam projects that promise huge returns.

[yazher]

We must avoid any project that is too hyped and has offered their investors too much ROI because it's too good to be true which won't gonna happen just like what we have seen in the other case scenario in another project before. To prevent ourselves from investing in such project, we need to stick with bitcoins or any other trusted project based on our personal research, not because of the influencers but because those are also investors and they will gonna pull their investment once they fooled enough people investing on their short-term project which they hyped too much these days.

[aylabadia05]

Avoid rapid investment or aggressive investment by putting money in every project available, take your time to research and make informed decisions, it's better to have only 5 good coins in your portfolio than to have a 100 shit coins there.

The first coin, Bitcoin. Second to fifth is up to you, you can enter coins like Ethereum and four other coins that will potentially not make you lose money.
Fast investments that offer high percentage prices for each project you invest in are not a guarantee.

I dare say investing in Bitcoin is safe if you are willing to be patient for a certain time.
Today's price increase of almost $73k was once only half of today's price.
Apart from being safe, Bitcoin is not a fraudulent coin.

[tvplus006]

...I give you $10 000 to invest in Bitcoin and in 10 years that investment will be worth $100 000 - or you can choose 10 altcoins to invest that money in, but the risk of losing everything is greater than 80%. I wonder if at least 10% would be smart and choose the first option, although it is certain that the majority would decide to gamble, especially since someone gave them money.

A beginner comes to the market to get a quick profit, so the first option, which requires waiting for a profit for 10 years, will be immediately rejected. The first option will be chosen by those who have previously lost their money investing in crappy coins and who have learned a good lesson in practice where to invest their money.

[Dunamisx]

Yes it's another bull run and everyone that invested in a scam project or lost money in the last bull run are already filled with FOMO and shouting to the moon for new projects they have no knowledge about

In such a period like this, we are not only avoiding the shitcoins investments alone, we need to be more careful on how we let the fear of loosing out grip at us, the market is getting more highly volatile and we need the patience required to make in waiting for the market to pump back whenever it dups and not that we sell and release from what we are holding and after that, the market rises again and we missed out, don't trade if you don't have the confidence of making trade and the required knowledge.

[moneystery]

every time there is a bull run, scammers will definitely emerge massively and come up with crypto projects with high returns if someone invests in them. even though there are many crypto enthusiasts who provide warnings and knowledge about the correct investment in crypto, there are still many people who fall into this trap and lose a lot of their money, just because they want to get short-term high returns from what they say are "revolutionary and innovative" projects. ".

and because this is important for a crypto investor to be able to know more deeply about the project they want to invest in. if investors understand crypto investments and the projects they want to invest more deeply in, then their chances of being scammed will be quite small.

[Crypt0Gore]

OP, seeing is believing, how many people have you seen that told you that they lost a lot of money to scam projects? I've never been scammed in this bull market, and I have invested 40% of my money in altcoins and 60% in Bitcoin, so far I have already made life-changing money and it's not even alt season yet.

Bitcoin is the safest and this doesn't mean that there are not good altcoins that can bring life-changing gains for you, I can name a few altcoins that have made my alt portfolio look very fat, better than Bitcoin in terms of ROI, like Gswift, Nakamoto games, Portal coin, Kaspa, Delysium and so on, you have no idea what you are saying, there are indeed many scam altcoins but there are also many that have the potential to bring you huge gains.

You will only lose if you fail to take profits, but as for beginners I recommend buying and holding Bitcoin only because to be a successful altcoin investor you need to know how to identify good altcoins, many lives have been changed already through IDO since the beginning of this year, it takes extra effort to be able to identity promising alt projects is all, that's why it's not recommendable for beginners.