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Author Topic: Be careful of the coin you invest on.  (Read 1013 times)

Online Thyplaymaker

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Be careful of the coin you invest on.
« on: March 27, 2024, 12:19:29 PM »
Is just remaining few days before the upcoming bitcoin halving, and base on the previous halvings that have occurs. Bitcoin always undergo a breakthrough (increased) in price , same goes with other coins. And this time around there are usually alot if hyped in market and alot of coin are also going to be launched. And alot of people are at there looking for who to scam ( through using Ponzi scheme and all such of related method). All am trying to say is that we should be careful on how we invest our hard earned money, by doing proper research before jumping into any form of investment expecially those who are new here , with the mindset of getting rich quick.

Though this space can make one to be wealthier. But is not something one need to rush is a gradual process even those who are investing and trading would understand.  This is the best time to invest and have some good coins in your portfolio, don't just go around investing all such of coins all coins potential differs. So focus on the main coin , and also coin that are well known.

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Be careful of the coin you invest on.
« on: March 27, 2024, 12:19:29 PM »

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Offline racham02

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Re: Be careful of the coin you invest on.
« Reply #1 on: March 27, 2024, 04:27:48 PM »
Big yes, it is important to do research before investing in a project to avoid scams. we encourage those who are new to crypto to do your own research, don't jump right into a project that you don't know if it's legit

Offline Lucius

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Re: Be careful of the coin you invest on.
« Reply #2 on: March 27, 2024, 05:23:30 PM »
~snip~
This is the best time to invest and have some good coins in your portfolio, don't just go around investing all such of coins all coins potential differs. So focus on the main coin , and also coin that are well known.


For me, the best time is when we are in a bear market and when prices are in the red - and some smart investor said a long time ago that the best time to invest is when there is blood in the streets. In other words, when everyone is panicking and selling, the intelligent always buy.

As for who will choose which coin, I agree that you should choose those that are already somewhat known and have a reputation, but people are always looking for something that will bring them a massive profit, and that is very often similar to gambling. 
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Online Thyplaymaker

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Re: Be careful of the coin you invest on.
« Reply #3 on: March 27, 2024, 06:29:18 PM »
For me, the best time is when we are in a bear market and when prices are in the red - and some smart investor said a long time ago that the best time to invest is when there is blood in the streets. In other words, when everyone is panicking and selling, the intelligent always buy.
well Said, the bear market is the best time to buy , alot of people with less knowledge about this space are always panicking whenever there's a dip . Due to not wanting their money to get stuck. So whenever there's a dip buy more if it dip again purchase more, mostly when it come to bitcoin. Because the more you buy during the bear market the more profit you gonna make when there's a bull market.
As for who will choose which coin, I agree that you should choose those that are already somewhat known and have a reputation, but people are always looking for something that will bring them a massive profit, and that is very often similar to gambling.
most time we Humans let our greed to get the best of us when it comes to trading and investing most time , the urge of making greater profit in a short period of time. Leading to making reckless decision without having thinking of the risks. To have a peaceful investment we should purchase coins with good reputation. Just as you said.
« Last Edit: March 27, 2024, 06:32:42 PM by Thyplaymaker »

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Offline vegasus

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Re: Be careful of the coin you invest on.
« Reply #4 on: March 27, 2024, 09:24:16 PM »
Be careful of the coin you invest on.
Ah, this is absolutely true. Because I personally have a lot of altcoins that I got this season and the previous bull season. Sometimes I feel confused about how to invest, because I haven't found a portfolio of applications that can help me manage all the altcoins that I have. Yes, although I don't expect too much with all those altcoins. But at least, I hope everything can be sold so that my wallet is clean enough this time. Ha ha ha

Because, taking profits in bullish is quite risky, it could be too early but it could mean we are too greedy and in the end miss the moment to take profits. This is what we have to do, namely manage our assets well. So there is no longer a word for being too late because you are too greedy or panic selling because prices are going up too fast. Pay attention to the market and manage our assets wisely.

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Re: Be careful of the coin you invest on.
« Reply #5 on: March 28, 2024, 02:25:27 AM »
Many people also told me that before the halving there were usually lots of scammers who came to steal our money in cryptocurrency.
I had anticipated this because I felt I could just buy Bitcoin to invest because as the OP said before the halving there would be lots of scammers in cryptocurrency.
I often ask or look at various cryptocurrency telegram channels to stay away from scammers so that I don't get tricked.

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Re: Be careful of the coin you invest on.
« Reply #6 on: March 28, 2024, 09:21:15 AM »
For me, the best time is when we are in a bear market and when prices are in the red - and some smart investor said a long time ago that the best time to invest is when there is blood in the streets. In other words, when everyone is panicking and selling, the intelligent always buy.
well Said, the bear market is the best time to buy , alot of people with less knowledge about this space are always panicking whenever there's a dip . Due to not wanting their money to get stuck. So whenever there's a dip buy more if it dip again purchase more, mostly when it come to bitcoin. Because the more you buy during the bear market the more profit you gonna make when there's a bull market.
Well, we can't blame those people. But you know what, let me tell you this, the moment we enter the bear market, the more they want to invest. However, there will always be this feeling inside them that there's more possibility for every crypto in the market to go down further. This is the primary reason why it makes them hesitate to invest in a bear market.

They want to catch the falling price at the very bottom, but they don't know what price they will start to invest. They will wait again and again. This has been a cycle ever since.
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Re: Be careful of the coin you invest on.
« Reply #6 on: March 28, 2024, 09:21:15 AM »


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Re: Be careful of the coin you invest on.
« Reply #7 on: March 28, 2024, 06:14:33 PM »
well Said, the bear market is the best time to buy , alot of people with less knowledge about this space are always panicking whenever there's a dip . Due to not wanting their money to get stuck. So whenever there's a dip buy more if it dip again purchase more, mostly when it come to bitcoin. Because the more you buy during the bear market the more profit you gonna make when there's a bull market.

From what I have concluded after about ten years since I became seriously interested in Bitcoin and cryptocurrencies, in general people still do not believe that Bitcoin is something so to speak "legitimate" and they constantly expect the whole thing to fail - and accordingly they do not want their money keep invested in Bitcoin for too long.

The "quick in, quick out" method is therefore still practiced by many, but it is still a matter of personal choice for each individual. I will not say that the value of Bitcoin is not something that does not attract me, but Bitcoin is still much more than that and I hope that people will start to appreciate what Bitcoin actually exists for.


~snip~
They want to catch the falling price at the very bottom, but they don't know what price they will start to invest. They will wait again and again. This has been a cycle ever since.


I remember when the price dropped below $20 000, how many were there who hoped to buy BTC at prices lower than $10 000, but one should be realistic and not too greedy and invest when the price drops without waiting until infinity, just like that it is wise to take part of the profit when the price rises and not wait for some kind of price that may not happen.

Indecisive people in the end mostly stay on the sidelines and watch and later regret it, but that is something that is an integral part of the world we live in.
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Re: Be careful of the coin you invest on.
« Reply #8 on: March 28, 2024, 06:31:37 PM »
From what I have concluded after about ten years since I became seriously interested in Bitcoin and cryptocurrencies, in general people still do not believe that Bitcoin is something so to speak "legitimate" and they constantly expect the whole thing to fail - and accordingly they do not want their money keep invested in Bitcoin for too long.

The "quick in, quick out" method is therefore still practiced by many, but it is still a matter of personal choice for each individual. I will not say that the value of Bitcoin is not something that does not attract me, but Bitcoin is still much more than that and I hope that people will start to appreciate what Bitcoin actually exists for.
exactly, those that kept on waiting for the whole system to fail , would keep on missing out in this great opportunity bitcoin as offered. Most people that still have such thought or mindset are those that don't really know any about Bitcoin or cryptocurrencies in general. And even when such people kept hoping for such scenario, bitcoin would keep growing gaining the adoption it deserves. And lately alot of folks has already started seeing the beauty of bitcoin, it may only take some time but bitcoin will surely get to a point, where alot of people will surely start appreciating what bitcoin actually exit for.

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Online JoyMarsha

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Re: Be careful of the coin you invest on.
« Reply #9 on: March 28, 2024, 10:12:26 PM »
~snip~
This is the best time to invest and have some good coins in your portfolio, don't just go around investing all such of coins all coins potential differs. So focus on the main coin , and also coin that are well known.

The well-known coin we should first of all, think of is Bitcoin, before we start to think of other well-known coins.
Investing in coins because they are well-known is not a guarantee they will do well in the future and can't be rugged pulled. If we can remember, Luna was a well known coin in the past. Where is it today? I believe your answer will make us come to the terms that a well known crypto is not a guarantee to be on profits in years to come.

Investing in crypto entirely is full of risk and everyone should research and invest the little they have than investing of a known coin is trading.

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Re: Be careful of the coin you invest on.
« Reply #10 on: March 28, 2024, 11:34:12 PM »
Though this space can make one to be wealthier. But is not something one need to rush is a gradual process even those who are investing and trading would understand.  This is the best time to invest and have some good coins in your portfolio, don't just go around investing all such of coins all coins potential differs. So focus on the main coin , and also coin that are well known.
Seriously, I really, really agree. I can no longer say anything else. because this is true. When investing, in crypto especially, the most important thing is the choice of coin or token. It could be because of the ranking, because of the fundamentals, the real use case, or even just because of FOMO from the hype of the project. All of this can affect what we will produce later from this investment. Once we choose the wrong thing, it will really make us regret it in the end.

Learn from various valuable experiences, both our own and other people's experiences. Investing is sometimes not easy enough. especially when we are very interested and impressed with a coin and we immediately go all in on it, without caring about the risks, because of the very high level of concern for the coin. And in fact, it didn't go according to our expectations, quite the opposite. With conditions like this, who will be blamed? It's not possible to use the coins, because we won't do anything about them either. This is a valuable lesson for us to be more careful and not be careless in taking coins for investment.

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Re: Be careful of the coin you invest on.
« Reply #11 on: March 28, 2024, 11:45:55 PM »
Many people also told me that before the halving there were usually lots of scammers who came to steal our money in cryptocurrency.
Scammers will always find ways and up to trend on what will be their next targets, so asking questions to the community asking for helps, experiences, etc. might help you if you were targeted.

I often ask or look at various cryptocurrency telegram channels to stay away from scammers so that I don't get tricked.
Telegram accounts are the worst place to ask for help against scammers, unless you knew and trusted that person is. Because it's like a hive of scammers in any group exists, better be careful.
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Re: Be careful of the coin you invest on.
« Reply #12 on: March 29, 2024, 11:36:49 AM »
From what I have concluded after about ten years since I became seriously interested in Bitcoin and cryptocurrencies, in general people still do not believe that Bitcoin is something so to speak "legitimate" and they constantly expect the whole thing to fail - and accordingly they do not want their money keep invested in Bitcoin for too long.
We cannot remove this kind of mindset from those people. Especially since Bitcoin is a digital currency, compared to any other tangible asset or investment which they prefer as they can touch, see, and keep it somewhere they are the only ones who know.


~snip~
They want to catch the falling price at the very bottom, but they don't know what price they will start to invest. They will wait again and again. This has been a cycle ever since.


I remember when the price dropped below $20 000, how many were there who hoped to buy BTC at prices lower than $10 000, but one should be realistic and not too greedy and invest when the price drops without waiting until infinity, just like that it is wise to take part of the profit when the price rises and not wait for some kind of price that may not happen.

Indecisive people in the end mostly stay on the sidelines and watch and later regret it, but that is something that is an integral part of the world we live in.
That's right, instead of taking the opportunity to invest during that time, they tend to wait for a much lower price. They should have done DCA, so if they happen to invest even if it is still not the lowest price, they can still have the chance to invest more.
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Re: Be careful of the coin you invest on.
« Reply #13 on: March 29, 2024, 02:18:24 PM »
Fraud under the guise of cryptocurrency is indeed very disturbing, plus the mindset of some people today who think that being able to get rich quickly is a weakness that is being exploited badly by fraudsters. What all new people need to pay attention to is, don't easily believe in coins, especially new altcoins or new tokens where there is coercion in making a purchase, or there could also be false promises given to someone that the price of a particular coin will rise within a few years. fore, and he pushed to buy it... Avoid it.

Just check on coinmarketcap and choose the coin with the most potential, like the TOP 10 coins on cmc are coins that have good potential for long-term holding. Apart from that, several methods such as diversification and DCA can be learned first so that beginners can enjoy the Bitcoin halving moment that will come in the next few weeks with good profits from buying and selling activities.

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Re: Be careful of the coin you invest on.
« Reply #14 on: March 29, 2024, 05:18:37 PM »
Is just remaining few days before the upcoming bitcoin halving, and base on the previous halvings that have occurs. Bitcoin always undergo a breakthrough (increased) in price , same goes with other coins. And this time around there are usually alot if hyped in market and alot of coin are also going to be launched. And alot of people are at there looking for who to scam ( through using Ponzi scheme and all such of related method). All am trying to say is that we should be careful on how we invest our hard earned money, by doing proper research before jumping into any form of investment expecially those who are new here , with the mindset of getting rich quick.



You can definitely select Bitcoin as the best coin to invest in, there is no other coin in the market that is as reliable as Bitcoin. Since 2009, Bitcoin has faithfully survived in the cryptocurrency market without falling into any scams. Bitcoin keys are so secure and strong that hackers will never be able to hack them. And you can hold on to Bitcoin for a long time to get more return on investment. The longer I hold a day the lower your risk, the only risk reduction is Bitcoin.

 

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