One lesson I learned the hard way.

[Munshi Prem Chand]

I made mistake few years back was investing into a project because people on Telegram were saying saaly keh rahy thy that its going to 10x. But within few months gaye kaam sy. At the time it felt like it was the end of the world. Ab to theak sy yaad bhi nahi kon saa project tha.

Now whenever I want to invest into a new coin/project I force myself to wait at least 2 weeks. In the meantime I try to dig more about fundamentals. Inevitably I still make some dumb investing decisions but at least not the same mistakes. Bitcoin ko top priority rakhta hun. But risk leta rehta hun.

[Bitcoin Smith]

Now whenever I want to invest into a new coin/project I force myself to wait at least 2 weeks. In the meantime I try to dig more about fundamentals. Inevitably, I still make some dumb investing decisions but at least not the same mistakes. Bitcoin ko top priority rakhta hun. But risk leta rehta hun.

People lost trust in new projects because most of the time it ends up being a scam or just reaches zero when the hype ends, so the investors have a short time frame to cash out for profits which is again taken over by the bots and not much is left to the retailers. That is why instead of looking for the new gem projects, focusing on accumulating as much as BTC via DCA or lump sum whenever you can will give decent returns in the long run.

[Munshi Prem Chand]

Now whenever I want to invest into a new coin/project I force myself to wait at least 2 weeks. In the meantime I try to dig more about fundamentals. Inevitably, I still make some dumb investing decisions but at least not the same mistakes. Bitcoin ko top priority rakhta hun. But risk leta rehta hun.

People lost trust in new projects because most of the time it ends up being a scam or just reaches zero when the hype ends, so the investors have a short time frame to cash out for profits which is again taken over by the bots and not much is left to the retailers. That is why instead of looking for the new gem projects, focusing on accumulating as much as BTC via DCA or lump sum whenever you can will give decent returns in the long run.

That’s true, trust is a big deal. I know a lot of newer projects are built for a pump and dump, and by the time the general public knows what they are the insiders have likely already sold. I do still put a small portion of my portfolio into some of these newer coins, but only after doing due diligence and not with money I can’t afford to lose.

I keep most of my portfolio in bitcoin via dollar cost averaging. This has given me much more peace of mind over the years than trying to buy the next 10x coin.

[Cointikka]

I made mistake few years back was investing into a project because people on Telegram were saying saaly keh rahy thy that its going to 10x. But within few months gaye kaam sy. At the time it felt like it was the end of the world. Ab to theak sy yaad bhi nahi kon saa project tha.

Was it Telegram's own project known as TON? I remember I used to write articles about it because of the hype created by Telegram. 

Now whenever I want to invest into a new coin/project I force myself to wait at least 2 weeks. In the meantime I try to dig more about fundamentals. Inevitably I still make some dumb investing decisions but at least not the same mistakes. Bitcoin ko top priority rakhta hun. But risk leta rehta hun.

Good decision! Never go for FOMO. Let the market react first, then think about investing your money. I still believe only the top 10 coins on CMC have the potential to give more than 10x returns if a person has patience and diamond hands.

[Munshi Prem Chand]

Was it Telegram's own project known as TON? I remember I used to write articles about it because of the hype created by Telegram. 

No, it wasnt TON. That one at least had some real development behind it. The one I got into was pure hype with almost nothing solid. Just another Telegram group pushing it hard.

Good decision! Never go for FOMO. Let the market react first, then think about investing your money. I still believe only the top 10 coins on CMC have the potential to give more than 10x returns if a person has patience and diamond hands.

You are right about waiting for market to react first. Most of the time early rush is where biggest losses happen. I still keep small part for higher risk stuff, but main focus stays on Bitcoin and few established names. Patience has worked better than chasing every new thing.