you should put your money away. lock it with a month time lock. do not invest anywhere.
any coin you see , will go up and down multiple times.
spend a good month on reading the threads. read every single coin. Look at the old ones. look at the new ones.
this forum is made of some possible good coins and mostly scamm coins to trick people to buy into them so the scammers can invest on the good coins.
everything is new here. and almost every single coin is still not secure.
again. make sure you read a lot. get involved.
Make sure you check a brand new coin's lunch. watch it how its get hyped. understand why.
Most of people here believe on BTC and only BTC. every single coin is worth in BTC because of that. As big as Bitcoin is , it went from $1200 to $400 in maters of days. Clearly shows you bitcoin is still not established.
so when you see a thread telling you of this amazing new coin. its mostly a scam. or some one who got stuck with a huge back. or a fool believing the hype.
Here is a recent post i made when i asked a coin community to help. Here is a cycle of a good coin. watch for this signs.
A good coin has an active and hard working dev and a community working for it.
The current team is not quitting anytime soon. That post was hypothetically. What i was hopping for you and others to get from it was that you'll should understand what older members in Bitcointalk mean when they say "the community" makes the coin.
Part A
At launch time, the dev team can make sure the coin launches and runs smoothly. Then push the coin and the technical part of it and adapt as new obstacles appear. The technicalities of running a good coin are limited to the block chain. This is the main importance of the devs.
Part B
To keep the block-chain running smoothly and effectively the coin and the dev needs its miners. The miner keep mining and solving the blocks and keeping the network secure.
Part C
To keep the miner happy , there needs to be a healthy community supporting them. There needs to be a dedicated community that ensures them that they will be compensate for their work by buying the coins from them at a good price. These dedicated members of the community are called investors. When investors buy these coin at a healthy price it keep the miner happy.
Part D
To keep keep the investors buying the coins at a healthy price the community needs to ......................??
A good coin has a community that has created multiple solutions to this part and are constantly creating more. A good coin has many follow up. A good coin with a good community continuous the chain as follows:
Part D --------the road to success coin -------
To keep the investors buying the coins at a healthy price from the miner, the community provides the investors with reason that there will be continuous demand for these coins. The community shows the investors that people are building on top of this block-chain and soon people will use this coin as a mean to buy clothes, to buy electronics ,to buy services ,to buy food,to buy games, donate to help, etc.
Part E ---------- a successful coin ---------
The community has shown the investors that the usage of the coin will be unlimited and the community have provided more demand than the investors could provide. Thus Creating the virtual gold
Back to part D
This high demand of coins creates a reason for the investors to start offering more money to the miners to mine these coins
Back to part C
The high demand of coin causes a rise in prices. This higher rise in prices , not only keep the miners happy but creates a higher demand for mining work from other miners
Back to part B
This sudden rise of happy minners has created a more stronger and secure block-chain
Back to plan A
This stronger and bigger network create a bigger job for the dev to work on. To keep everything running smoothly the team of the dev needs to grow accordingly.
_______________________________________________________________________________ _____________________
All the scamms happen in Part C. fake accounts hype it up. selling you false lies that part D will be so big that this coin will be a high demand.
Don't invest on some one else advice.
Do your own research. Look for the community pushing for part D , not one pushing for exchanges or promising future wealth
good luck finding coins with a succesfull part D amongs this shit storm
oh and .. make sure you do not invest until you understand. This forum is very, very, poisonous. stay alert
