the problem is, with these projects, usually the ruggers trying to conceal their token holding, distributing across many wallets, with different source of funding, you can never be sure there's someone with 50% or more total supply in their posession or not.
the only safe way in my opinion, you bought when dust settled, even better when the market already dumped, only then you can be sure that there's no rugger left holding big chunk of total supply ready to dump on your face.
but it also has disadvantage which is lower hype and impulsive price action.
Yeah this would be the smart option, but ti do this it must have been established that the project has very good utility and strong community with very good market presence to push that price back, if not would it not be you just playing a losing game?
There are some projects with a good whitepaper but ever since they are listed, the price of the coin continue to fall until the project becomes a shit project. Developers also matters. Some developers just oversold which makes a project to become dumped. Also be expecting any project to later disappoints people.
Yeah this makes sense, and there's a saying that you can never be too cautious with crypto. I just wish to find a way to reduces all of this issues.
You plan to invest in TGE or ICO? It can be risky though but if you are careful, you can actually select some good projects. I think one of the best ways is to read the whitepaper and also check their website as well as their community. If you can picture the project to be realistic and impactful, then there are high chance it will be a good project. One thing to look at is their partnerships and the people behind the project. For example, any project sponsored by GDA Capitals is likely a good project that will not die from the first day of listing.
Okay, this might actually be something I can look at, can you help with some of the projects sponsored by these guys?
What are the safe ways to find good projects? Dont buy a new token that endorsed by any kind of influencer including a president hahha after trump melania and now libra has already made a prove that some memecoin that is endorsed by a big name is not always a good deal.
maybe if you are really early in the project you could earn profit easily maybe turn 1 USD into 100 or even 1000 USD but if you late for a minute all your money are gone. Crypto is very risky so if you want to be safe just buy token or coin that already exist for long time
Yeah, that's the point. How do you find these kinds of projects early?
The surest way is to make it good.
Pick things small enough that your own small contribution really makes a difference.
As you get bigger you can have more and more effect upon the assets you choose to support.
The
Galactic Milieu supports many projects long long ago imagined to have "failed" and so far has done rather well...
...Well enough to build "treasuries" for many ancient classic assets that have over time grown so large that the "treasuries" rival the "market caps" of many assets.
Because the game cannot depend upon there being enough players actively trading and arbitraging between all the assets it puts together for each "treasury based" asset a "treasury", so that it can do kind of the reverse of the usual "market cap" calculation:
The usual "market cap" calculation is to multiply the current highest buy offer price by the number of units in existence; what the Milieu does instead is divide the total value of the "treasury" by the number of units in existence. It is like deriving the price per unit from the market cap instead of deriving the market cap from the price per unit.
A big difference though is that unlike the "market cap" the "treasury" actually exists; market caps are pretty much a fiction, few if any assets in the wild actually have enough buy offers existing for each and every unit to actually be sold for the current price used to calculate the market cap, whereas with the "treasuries" exactly enough value actually exists locked away in the "treasury" to buy each and every unit at the calculated price per unit.
So the calculated price is the price the treasury can actually pay per unit if the treasury is broken open and used to "redeem" the units.
The Milieu basically gobbles up more and more and more of more and more and more assets, locking them away into "treasuries", leaving less and less and less of each thing still "out there in the wild" to potentially get "dumped". So over time the amount of each Milieu treasury-based asset still out there in some "slush fund" or other rather than locked up in "treasuries" gets less and less and less.
While the treasuries from which the calculated value per unit is calculated just keep growing and growing and growing, especially so of course for assets that have chosen to include "Financial Corps" in their treasuries since the Financial Corps hold a very large amount of extremely well secured debt that accumulates hourly-compounded interest from intergalactic mining Corps that have been in business since 2012 or earlier, steadily making payments all those years.
Basically the Milieu has done well enough at this that pretty much any reasonable project that you would like to see rescued can likely be rescued just by putting together for it in the
Galactic Milieu a "treasury" so the Milieu can compute a value per unit for its units and add it to its portfolio...
-MarkM-
So you're saying this guy provides like a safety net for these projects? If that is true does his credibility not get affected as a result of the insane dump?
that's the risk when you put your money in altcoin, it's much riskier than when you put your money in bitcoin. in altcoin you just don't know how easy it is for many holders to sell their tokens in a short time... because from the start they only wanted to get high profits and then get out when they get the chance. all that will happen in a short time and people who don't have time to save themselves will only suffer losses.
better if you have money you consider investing your money in bitcoin. but if you really want to invest in altcoin with all its risks, you can check on CMC, the top list shouldn't be that risky.
So the idea is to basically stay off alts. I don't mind this but I'd like to know what you think about stuffs like futures trading as an option for growing your profits.
With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
To me, that is one of the most important things to look out for: token distribution and the amount of whales there are within the market before even considering to buy the token.
I would not care if a coin or a token was being sponsored by Pope Francis himself or the King of England, I would not buy anything if I first cannot make sure there is a fairly flat distribution of assets and liquidity of the token is guaranteed within decentralized exchanges.
Also, this is going to the a very bad spot on the reputation of the president of argentina, there are people who will claim he did this in order to make money for himself and his accomplices.
Imagine how surreal and sad the situation of a country must be for your very president to either commit such a mistake like this one of being crooked enough to willingly steal money from those who support you...
If there are premining whales in the ecosystem of a coin and those coins are not time locked, that is a big red flag to me, and must stay away from such project.
That's my issue too, I feel like this just gives the country a bad rap, even if the citizens were not involved. Do you think he was just negligient or do you think he was well aware of what they were going to do with the project?
With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Starting from the fact that no one ever has suggested to buy cryptos that are shilled or launched by famous or powerful people. So i don't get where you even got that idea.
Why don't you look at coins that have most tech people working on them? You can pretty well work out which coins or tokens have most technical talk about them. Look at their githubs and technical reviews.
Look how technical their whitepapers or technical papers are. That way you'll get some idea of how seriously are people looking into them. Best coins usually go over our heads before we look into them. Scams are full of easy to understand text in them.
My major concern with this is that a lot of people especially guys new to the space tend to engage with cryptos like this because they are endorsed by people they respect.
Also do you think it's a good idea if your whitepaper is not easy to understand by the people you expect to engage with your project?
