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Author Topic: starting a new project investment for beginners  (Read 1085 times)

Offline ariaryanto

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starting a new project investment for beginners
« on: December 28, 2023, 10:10:37 PM »
Now there are lots of new projects and they make promises to investors so that the project progresses, after the project progresses and the coins are sold until they reach the target, then the project party runs away and abandons its customers, causing harm to many people..
In my opinion, if we want to invest safely we need a lot of knowledge and we have to be careful about the projects we want to invest in.
What advice do you have for beginners who want to invest?
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starting a new project investment for beginners
« on: December 28, 2023, 10:10:37 PM »

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Offline Amphenomenon

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Re: starting a new project investment for beginners
« Reply #1 on: December 29, 2023, 06:45:24 AM »
What advice do you have for beginners who want to invest?
I will literally advise beginners to avoid ICO even if it's really profitable when you hit the right but what are the odds of doing so?
It's literally small so many scam projects continue to fill the crypto space especially meme coins and we have seen how it all turns out. My advice is get the coin after it has been officially listed though you won't make gains like the others who successfully get them in their ICO but it's better to manage risk or simply invest in the most surest (Bitcoin) or some altcoin like Solana and Ethereum that offer some surety for gains. If you really want to invest in ICO consider it as gambling and invest what you afford to lost
« Last Edit: December 29, 2023, 06:52:47 AM by Amphenomenon »
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Offline Thyplaymaker

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Re: starting a new project investment for beginners
« Reply #2 on: January 01, 2024, 11:10:49 AM »
I will always say it. As a beginners to makes, getting rich quick or earnings to be your first priority always takes your time before diving into anything. Because if you base on earning first you only end up making losses instead of profits but if you actually take your time to learn and gather knowledge about that particular thing you know how to manage it. So as a beginner if you want to invest on coins that are well known like Btc, ETH, and others maintain coins. Don't just jump into new coins with high volatility in order make quick profits and always DYOR (do your own research).

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Re: starting a new project investment for beginners
« Reply #3 on: January 07, 2024, 09:11:56 PM »
For beginners entering crypto investments, research is paramount. Focus on projects with transparent teams, solid use cases, and communities. Avoid unrealistic promises or overly hyped projects. Start with well-established cryptocurrencies, diversify your investments, and only risk what you can afford to lose. Continuous learning is key.
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Re: starting a new project investment for beginners
« Reply #4 on: January 08, 2024, 04:17:49 AM »
Do you think only knowledge is important?, Well even those with knowledge and experience still lose money to criminals and fraudulent projects. No crypto project has 'FAKE' written on it. Even with the knowledge, you also have to decide if it's something worth risking for. The risk must come in so as to make profit or loss, whichever it all turns out be. That's how the industry works.

Another important key to also note. Do not follow trend. I guess this is the area were fraudulent projects excel. They tend to promote their project so well knowing fully well that most people follow trends only.
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Re: starting a new project investment for beginners
« Reply #5 on: January 08, 2024, 11:36:23 PM »
OP, apart from having a lot of knowledge when investing in crypto, one should be able to learn how to carry out research by themselves on the projects they want to invest in because having crypto knowledge alone is no longer enough for one to use as a benchmark to invest in crypto. I said this, because, I have seen cases whereby an investor has the necessary knowledge they need to excel in crypto but they find themselves investing wrongly in altcoin projects based on hype given to those projects.

At the end of their investment, they feel pained and deceived by their investment that has gone wrong

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Re: starting a new project investment for beginners
« Reply #6 on: January 09, 2024, 07:20:11 AM »
Investing in a new project may not be a good decision for a new investor at the beginning of investment. In the new state, invest in coins that are more reliable and can be trusted more. The probability of success of new projects is very low and most of the projects are lost from the market by defrauding the money of investors, so if new investors invest in those coins and if they are cheated after investing, then they will have a bad idea about their investment in the beginning. A novice investor can invest in Bitcoin if he wants and try to learn about Bitcoin investment by investing a small amount and try to get a good idea about the investment. As he continues to learn about investing in bitcoins, he will have a better understanding of investing and will be able to make better investment decisions later on.

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Re: starting a new project investment for beginners
« Reply #6 on: January 09, 2024, 07:20:11 AM »


Offline jeraldskie11

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Re: starting a new project investment for beginners
« Reply #7 on: January 10, 2024, 04:48:31 AM »
Now there are lots of new projects and they make promises to investors so that the project progresses, after the project progresses and the coins are sold until they reach the target, then the project party runs away and abandons its customers, causing harm to many people..
In my opinion, if we want to invest safely we need a lot of knowledge and we have to be careful about the projects we want to invest in.
What advice do you have for beginners who want to invest?
My only advice to beginners who really wanted to invest is to DYOR. Listen to others advice but don't immediately accept and apply, do a research and think well before you make a decision. The decision is yours.

Tips:
  If you want for a low risk investment, choose Bitcoin and other high marketcap coins such as Solana, ETH and, XRP.
  If you want for a high reward, then you can choose with a low marketcap coins.
  The lower the volatility the lower the risk, the higher the volatility the higher the risk.
  Low marketcap means higher volatility, high marketcap means lower volatility.

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Re: starting a new project investment for beginners
« Reply #8 on: January 10, 2024, 03:05:57 PM »
Now there are lots of new projects and they make promises to investors so that the project progresses, after the project progresses and the coins are sold until they reach the target, then the project party runs away and abandons its customers, causing harm to many people..
In my opinion, if we want to invest safely we need a lot of knowledge and we have to be careful about the projects we want to invest in.
What advice do you have for beginners who want to invest?
New projects that have such great potential are usually more of the layer 1 or layer 2 category projects. They usually have a large amount of funds that they have collected from large investors who support the project from behind. Usually potential projects like to hold testnets or airdrops to build their community initially and once their project is ready to launch then they will immediately list it on many large Cex.

But there are also many crypto token projects on various networks such as the BNB, ETH, Polygon and Sol networks which always appear non-stop. In fact, maybe almost every day a new project like that appears. They're having a presale or private sale or something like that. Some of these projects are progressing according to the roadmap but most are just made to be pumped and dumped. In fact, there are also projects that don't run at all after the presale is finished. I avoid such small projects and prefer to follow large projects which are usually also supported by large investors.

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Re: starting a new project investment for beginners
« Reply #9 on: January 10, 2024, 05:00:39 PM »
Now there are lots of new projects and they make promises to investors so that the project progresses, after the project progresses and the coins are sold until they reach the target, then the project party runs away and abandons its customers, causing harm to many people..
In my opinion, if we want to invest safely we need a lot of knowledge and we have to be careful about the projects we want to invest in.
What advice do you have for beginners who want to invest?
It is not a strange something in the cryptocurrency industry. Whenever the bull run is approaching or when the bull run is already in existence there used to be a lot of projects that floods the cryptocurrency. Many of these projects are scam projects, the only make use of the opportunity presented by the bull run to make wave in the industry and accomplish their aim and immediately exit the market. This is the more reason we need to be careful investing in the projects that kicked off immediately the bull started
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Re: starting a new project investment for beginners
« Reply #10 on: January 11, 2024, 08:32:57 AM »
What advice do you have for beginners who want to invest?

Never put more money in an investment than you can afford to lose!

If there would be a way to find genuine projects, run by real experienced people, who have no plan of dumping the coin, to identify a projects that will get traction and have a positive response from the masses, that behind it is management team that has a way to avoid every risk, every failure, then let me tell you something, a guy with this capacity of doing research and predicting things won't waste his time with coins  ;)

Remember that 90% of all start-ups fail, it's not like there is some magic plan that will guarantee something succeeds, there are totally legit business, that have no incentive to scam, that are burning the founders money to keep running, who's members put everything in it and still fail, that's the reality, no way you're going to predict the future of a project by reading 4 pages of a whitepaper.
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Re: starting a new project investment for beginners
« Reply #11 on: January 12, 2024, 01:32:28 PM »
New project + investment + beginners. What could go wrong?

Now there are lots of new projects and they make promises to investors so that the project progresses, after the project progresses and the coins are sold until they reach the target, then the project party runs away and abandons its customers, causing harm to many people..

These are not any projects but scam schemes. Unfortunately, new projects are only for experienced people who will still find a way to recognize potential fraud. Everyone, especially beginners, shouldn't invest in something they don't understand, and it's a bit unclear to me why this is being ignored.
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Re: starting a new project investment for beginners
« Reply #12 on: January 12, 2024, 08:10:11 PM »
Now there are lots of new projects and they make promises to investors so that the project progresses, after the project progresses and the coins are sold until they reach the target, then the project party runs away and abandons its customers, causing harm to many people..
In my opinion, if we want to invest safely we need a lot of knowledge and we have to be careful about the projects we want to invest in.
What advice do you have for beginners who want to invest?

Before doing anything, learn first, when you learn about cryptocurrencies, you will have an understanding about them and know the differences between bitcoin, altcoins and shitcoins, make personal research as well after which you would have taken your time on that, afford to make only the investment you won't get offended on if it end on loss, know the risk involved as well as the benefits before anything.

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Re: starting a new project investment for beginners
« Reply #13 on: January 13, 2024, 07:35:11 PM »

What advice do you have for beginners who want to invest?
These are my pieces of advice to newbies, check their whitepaper and see if it is a copy-paste from other projects, fake projects cannot create their whitepaper and roadmap so they copy existing projects, so many projects have been exposed as fake for copying other projects whitepaper.
Check the team behind the project, so many scams and fake projects have fake profiles they extract images on the internet and make them their own, if you see anyone of these two, the projects may be scams.
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Re: starting a new project investment for beginners
« Reply #14 on: January 14, 2024, 08:36:25 AM »
Now there are lots of new projects and they make promises to investors so that the project progresses, after the project progresses and the coins are sold until they reach the target, then the project party runs away and abandons its customers, causing harm to many people..
In my opinion, if we want to invest safely we need a lot of knowledge and we have to be careful about the projects we want to invest in.
What advice do you have for beginners who want to invest?
If you plan to invest, it's better for you to know that you need to do your own research. You need to check the project, their goal, and the use of their plans before you invest. There is a lot of things you need to consider before you start your investment. If you are not sure about how to verify the important information, it would be better to invest only in existing altcoins in the market. Try to gain knowledge first and experience before investing in new projects to avoid losing more money.
« Last Edit: March 08, 2024, 07:54:18 AM by DabsPoorVersion »
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