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Author Topic: Be careful of the coin you invest on.  (Read 1021 times)

Offline Sevi

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Re: Be careful of the coin you invest on.
« Reply #30 on: April 06, 2024, 04:32:38 AM »
All of us, i think must be careful in investing in different coins now a days,  in what way? by doing some research regarding with that form of investment  and checking the portfolio as well especially those who are new in this business.

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Re: Be careful of the coin you invest on.
« Reply #30 on: April 06, 2024, 04:32:38 AM »

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Re: Be careful of the coin you invest on.
« Reply #31 on: April 06, 2024, 03:32:06 PM »
Yeah. We have to analyze the project well before investing in it. We don't want to make our hard earned money turn into waste. So this could be a warning to us to don't be fall to a scam project. One thing to determine that a project is a scam is that "to good to be true" projects. If you found out a project with very shocking return without a enough information of their team and project's vision then probably it a scam.

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Re: Be careful of the coin you invest on.
« Reply #32 on: April 06, 2024, 03:34:34 PM »
So focus on the main coin , and also coin that are well known.
Investing in many altcoins may seem good and like the investor is increasing his/her chances of profiting from bitcoins, but that is false. Not all altcoins are good to invest in even though they may look promising, proper research Has to be done so that an investor does not waste their time and their available resources investing in a coin that is dubious.

Instead of investing in many altcoins, invest in bitcoins with a few altcoins that have proven to have your reputation. With investments in a few altcoins, you will be able to monitor your investment properly than when you have invested in so many coins that they now become difficult to track and keep safe.
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Re: Be careful of the coin you invest on.
« Reply #33 on: April 06, 2024, 08:00:37 PM »
-cut-Like for instance a trader showing the amount he made from his day trading . Without mentioning the losses or she passed through before getting to that point they are now. So someone who's new to cryptocurrencies would be in eager to make such , so he or she would go into trading without any proper knowledge on how trading but only with the mindset of getting rich within a short period of time. But at the end he or she endup with losses or endup losing it all. And may endup affecting his confidence in this space.
Such bad experiences not only affect their confidence but also make people the enemy of crypto while they should hate those influencers or people they followed, they will blam crypto for there losses. Crypto is straight forward, proper research and confidence in yourself makes one good profit taker. If you don't want to make huge profits then invest your money in BTC in every bear cycle via DCA or smart DCA.

By doing that, a person can accumulate a good amount of BTC without getting into the technicalities of BTC and how blockchain works, etc. But still, proper knowledge is the key to profit. I have learned it by personal experience. But still due to lack of knowledge I sometime makes lose.
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Re: Be careful of the coin you invest on.
« Reply #34 on: April 06, 2024, 08:55:14 PM »
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.[/size]
The main coin for one should focus more on should be Bitcoin, the other coins should be secondary because you can't tell what their fate could be in the crypto market. It is preferable to have your portfolio to be 75% of bitcoin and the 25% should be altcoin.

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Re: Be careful of the coin you invest on.
« Reply #35 on: April 07, 2024, 10:52:11 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.
Of course one should be aware of the currency in which to invest. Now I invest in bitcoin or ethereum if I don't care about bitcoin and ethereum my investment will not save much. Also since our next half is coming very soon we must be extra careful right now. Those who have money to invest should invest and those who don't have much money to invest but have weekly or monthly income should continue to invest using DCA method. If you carelessly miss this bull market, I think you are going to miss the ultimate opportunity. So whatever you do, do it carefully right now, hope you will be successful very soon.

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Re: Be careful of the coin you invest on.
« Reply #36 on: April 08, 2024, 12:50:34 AM »
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.
Of course one should be aware of the currency in which to invest. Now I invest in bitcoin or ethereum if I don't care about bitcoin and ethereum my investment will not save much. Also since our next half is coming very soon we must be extra careful right now. Those who have money to invest should invest and those who don't have much money to invest but have weekly or monthly income should continue to invest using DCA method. If you carelessly miss this bull market, I think you are going to miss the ultimate opportunity. So whatever you do, do it carefully right now, hope you will be successful very soon.
Yeah this time around one should try all means to be among the people that going to profit from this golden opportunity that's coming in this bull run, by investing in some good project like bitcoin and some main and popular coins that worth investing on. As many going to experience a life changing event in this bull run, that would change their life for the better that's are others would endup falling as victims due to investing in wrong project due to greed or poor researching habit .

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Re: Be careful of the coin you invest on.
« Reply #36 on: April 08, 2024, 12:50:34 AM »


Offline Litzki1990

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Re: Be careful of the coin you invest on.
« Reply #37 on: April 13, 2024, 05:34:01 PM »
First you decide which coin you will invest in.  There are many coins in the market and it is very difficult to select a good quality coin, in that case you can invest in those coins by visiting all the websites that provide various information about the various coins, by looking at the rating of the coin and by looking at the number of investors in the coin. Always avoid investing in sheetcoins and invest in coins which are reliable and which have been in the market for a long time and in which investors have enough investment. If you try to learn about coins before investing you will definitely know about the right coin and after knowing this definitely invest.

Offline Aanuoluwatofunmi

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Re: Be careful of the coin you invest on.
« Reply #38 on: April 13, 2024, 09:54:23 PM »
Some people out of carelessness and negligence invested on the wrong coin because they are very eager to see they make an investment on crypto, but we need to first considers the risk and know the importance to why we must invest on any coin with what we stand to achieve for doing so, some investment were best for nothing than to do away with when we make our research in them, we will discover to see that they never worth it at all, while some deserve it.

Offline Dr.Bitcoin_Strange

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Re: Be careful of the coin you invest on.
« Reply #39 on: April 19, 2024, 06:53:42 AM »
During the bull run, people like to invest in different coins to see which one will give them returns; it is very risky but so many people do it and are still going to do it this time again. Once what they call the 'altcoin season' starts, you will find many people buying different new coins, meme coins and others. It will work for some, while the majority are going to lose money, but notwithstanding, that is what is still going to happen.
I see more of altcoin trading as gambling, trading is actually gambling, whether you're timing the market before buying Bitcoin and also timing when to sell or you're buying several altcoin tokens with hopes that at least one of two would bring good profits. Some even buy all these tokens but still nothing happens, the whole thing crashes on their head and they lose all their money.

Whether in the altcoin season or a bull run, it's important to be careful of what you invest your money on, because that's the that many scam tokens also troops into the market, and if you're not careful, you could end up being victimized. There are many ways to detect real projects, it's just for you to find those ways.

 

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