Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Master107 on April 04, 2021, 03:00:16 PM
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Due to cryptocurrency trends many people (not all) globally are eager to collect and earn tokens as much as they can. Why? Because of the basic reason, wants to win (maybe if possible to get rich). Basically, their first impression is quick rich which is possible but seldom to happen. Most likely, those who are Innocent's could fall under the trap of failures. So learn from the big names or known as whales is good strategy to deal crypto not in fantasy.
The whales and seniors in cryptocurrency world could be the good mentors(maybe) to learn from their realistic point of view. But it does not mean do not research. So for you and me, do not easily attach to thousands attractive cryptos because some are scam and dead project.
DYOR(Do Your Own Research) matter, because you are responsible on your own business.
Trends Attract but not all profitable. If possible, always be careful in your journey.
How you will attract your friends, neighbors, and family to come into crypto world with precautions?
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Since the bull run started the rate of crypto adoption has increased alot, so many people are now involved with crypto since its the new talk of the town :D, and I agree with you even during this long bull trend not all cryptos have been able to give profit, unlike the 2017 that every single altcoin was pumping massively, this time its just top altcoins pumping.
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Many new projects offer their very interesting thing. However, not all of them are ready with the forum. In this care, it is better to trust the forum. And of course, the option to list the coin in top exchanges will really increase the development of the project
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It is to be expected. Any nascent and unregulated financial niche is always greeted and populated by the bad actors. Nothing we can do about it. Only thing is DYOR(Do Your Own Research)
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Back in 2017, before the rollercoaster with cryptocurrency rates, I advised my friends to at least read and have a basic idea of what it is. My words were received with irony and skepticism. A few years have passed and the situation has changed, now they want to learn))
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To take advantage of the market situation many scam projects are launching to steal money from the beginners so it is very necessary to do research before investing on any project. Stop wasting your time and money by investing in scam project. First do research and then invest.
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Of course, not all cryptocurrencies are profitable. If we take the 9,129 listed on Coinmarketcap as an example, the amount that is profitable is very small since the vast majority of that list only works for pumps and dumps. Actually and by segments they are very few, Bitcoin, Polkadot, Ethereum, Monero, Dash... The rest are copies of copies.
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That is why it is advisable to research on the type of coin an investor should invest on, what matter most is price trending bullish with a high volatility with this two features an investor will make profits for hodling coins for a long period of time however there are some coins that ranges no bullish or bearish trend such a coin cannot be profitable in a long run except if the developers improve on it.
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There are certain risks present in the crypto market. It's possible to get filthy rich by investing in cryptocurrency, but you could also lose all your money. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency. Well, like most investments, crypto assets come with a host of risks but also vast potential rewards.
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Actually and by segments they are very few, Bitcoin, Polkadot, Ethereum, Monero, Dash... The rest are copies of copies.
And BNB. :D
That is why it is advisable to research on the type of coin an investor should invest on,...
Yeah, DYOR is self discipline to avoid so much possibilities of risk. Invest only the amount of money that you can afford to lose is always applicable. Avoid unrealistic speculation is anticipation to ourselves/ yourself believing the unreachable thing.
Well, like most investments, crypto assets come with a host of risks but also vast potential rewards.
Somehow luck might be real but not at all we are in good luck. Knowledge is good to determine the good asset that could give us good profit. There are more risk without knowledge. More potential and possibility to hit the better asset with knowledge. ;)
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lol yes @Master107 and BNB of course. What I was referring to is that there are not actually that many projects that are really worth it, some coins/tokens have things that give them an advantage over some of their competitors but there really are few. But there are also others like Litecoin for example (don't shoot me) that has a position that from my point of view it does not deserve, and like Litecoin many others.
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@Freemind
Haha.... I know mate that you are a quality person and will choose the most quality and potential coins/tokens in the market. Your choices is reliable potential. Good to invest.
Yeah, there are so much tokens without clear use case with copycat platform. The ending is the same unclear since from the beginning. Taking advantage to collect funds is their main goal sometimes only for rugpull. The lucky one might come up to huge success but seldom.
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Many new projects offer their very interesting thing. However, not all of them are ready with the forum. In this care, it is better to trust the forum. And of course, the option to list the coin in top exchanges will really increase the development of the project
Every new project need time for development so i think if have good news we can invest any kinds of old project after the development news we can invest any kind of project.so i agree all project is not profitable.
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How you will attract your friends, neighbors, and family to come into crypto world with precautions?
Friends think that all cryptocurrencies are a pyramid, my children are still small and do not understand anything, and my wife does not want to study. Close relatives also do not want to know about cryptocurrency because they are satisfied with their life.
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many have suddenly approached the world of crypto lately hearing the news about the growth in value of bitcoin, the tweets of Elon Musk and other positive news but obviously not all altcoins can be successful you have to do your own careful research before finding a new project promising and an altcoin with the possibility of future growth
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How you will attract your friends, neighbors, and family to come into crypto world with precautions?
Friends think that all cryptocurrencies are a pyramid,
Samething on myside as many of my friends think that it's completely a pyramid scheme. But later on, some of them realize the right potential of cryptocurrency/bitcoin for the long run and ready to adopt it. So, wise persons would like to research about it before making any statement and they'll adopt it whenever they realize the advantage of crytpo-currency and won't be into fomo, IMHO.
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Cryptocurrency can be a good opportunity to get into something that can be growing a lot later. We know the potential of many coins and tokens and right now we are still actually just starting. Although Bitcoin started more than 10 years ago, this span of time is still too short for something ground-breaking like this. We are still on the pioneering stage and we can expect more. However, with the opportunities comes the many risks including getting into scams and hacks. We need to educate ourselves so we can get away from scams and failures and can come out as winners at the end.
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However, with the opportunities comes the many risks including getting into scams and hacks. We need to educate ourselves so we can get away from scams and failures and can come out as winners at the end.
Indeed, even we do mistakes by being into fomo and loss our funds without doing any proper research and analysis. That's why we need to be more aware of scams and have the proper knowledge about anything before taking any further steps. Thus we can be a winner and DeFi/NFT or any type of hype/trend won't effect on our portfolio in the long run.
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The best way to lure your friends or family into the crypto world is to show by your own example of earning that this world is real and you can earn money there. In my opinion, this is the only way to lure your friends and acquaintances into this world ...
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The best way to lure your friends or family into the crypto world is to show by your own example of earning that this world is real and you can earn money there. In my opinion, this is the only way to lure your friends and acquaintances into this world ...
That would be a great a way to create curiosity about crypto among others. But it won't create a mindset of learning to those newcomers as they'll always think about earning and acknowledge crypto as a method of earning, not like a learner. But it could be good way to tell them that everyone can learn a lot of things while earning from it, IMO.
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How you will attract your friends, neighbors, and family to come into crypto world with precautions?
Actually this is a difficult thing because I had a bad experience with my friends , neighbor or family. It's very difficult to get people into Cryptocurrency, except for their own initiative. Because we know here the risk is very big, and it could do something bad if they fail to make a lot of money here.
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How you will attract your friends, neighbors, and family to come into crypto world with precautions?
So far, I never attracted friends and neighbors, I just attracted my family. But it is only for the family who is really interested in the crypto world. I will explain everything about the crypto world honestly, telling the advantages and also weaknesses. So, he/she knows about the potential of profits and the risks as well. However, I tell them how to make us more secure by knowing the tricks or tips to manage our activities in crypto bussiness.
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How you will attract your friends, neighbors, and family to come into crypto world with precautions?
So far, I never attracted friends and neighbors, I just attracted my family.
No such obligation to worry since they are close and strongly tight with you. Also you can watch them all the time if possible, and they will understand and believe easily as they know you more than anyone else.
No like introducing crypto to close friends. There's a tendency to receive blaming words and condemnation particularly in blind spot lose side.
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Indeed, currently there are many new coins or tokens that are very tempting to increase the rate of increase. And the interest in the crypto world is also extraordinary. Because of this, crypto is increasingly popular and is increasing in value.
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Very true and I agree 100 percent, a trending crypto does not mean it's profitable for investment, but some people wouldnt mind throwing their money at any coin or token they come across all for the reason that the coin or project is very popular and could become very huge in the future, I've been in crypto since 2016 but am yet to make it big cus of the many mistakes I've made, and this is also because I have one to guide me through the journey, I've earned enough cryptos that if only I was still holding them, by now, I would have become a millionaire/a whale but unfortunately, I sold everything too early and for peanuts too, but I've leant my lesson in the hard way, and now, am truly ready for the next wave cus I know am on my way to stardom.
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How you will attract your friends, neighbors, and family to come into crypto world with precautions?
Maybe by showing the profit we get in crypto, we can invite friends to enter cryptocurrency, even though they don't want to invest, they want to learn how the system works.
After they know they will start buying and I would recommend Top exchange to join IEO with a small amount of investment, because no one knows the price after IEO or ICO, the coin price will continue to go up or down
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It's a regular drill in crypto. Bull run...Mass adoption… Scam projects… People learn the hard way that not all crypto projects are profitable. A good percentage are plain useless or scammy
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A good trader will find profit in any market and help you earn money. Of course, each person has mistakes in trading, but this can be compensated by another purchase of cryptocurrency, one project sags another increases.
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It's a regular drill in crypto. Bull run...Mass adoption… Scam projects… People learn the hard way that not all crypto projects are profitable. A good percentage are plain useless or scammy
Completely agree with you. People, by nature, I suppose, we learn things the hard way, but I think it's good, because that way we don't make that mistake more often. In this way, time really teaches us how to act in a market as dispersed and wide as that of cryptocurrencies.
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To take advantage of the market situation many scam projects are launching to steal money from the beginners so it is very necessary to do research before investing on any project. Stop wasting your time and money by investing in scam project. First do research and then invest.
Scammers will always take advantage of any trend they can use to steal money from investors, a proper research is needed before thinking of investing a project to avoid lose of funds,there are so many scam projects out there and there will always be scam projects out there, we just need to be careful before investing in projects there are so many rugpull happening lately.
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Now in the cryptocurrency market, you can make a lot of money, but you can also lose a lot. Therefore, when investing in cryptocurrency, it is necessary to analyze the project and, first of all, the team and project partners
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Yeah. People tend to join up in practices they don't understand. As long as there is a hint of profit, they jump in, without checking first or doing due diligence. In the end, disappointment awaits them
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Not all that glitters that is gold likewise some people attract to this market when they saw everyone is earning good money from the crypto market and they jump into this market without having any knowledge Especially Some newbies think they will make a profit by any coin but Crypto market is not like that whatever you buy will not give you profit every time. So I advise always do your own research before investing in this market because it's a highly volatile market and one can lose its money by the wrong choice. I know currently the crypto market is enticing new investors but they must invest after gaining some knowledge about cryptos.
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Now many new projects have sprung up in cryptocurrency. They offer very interesting things. However, not all projects are ready for development. So be careful and do your research before investing in any project. So that we don't get stuck investing in fraudulent projects. So do the DYOR (Do Your Own Research)
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How you will attract your friends, neighbors, and family to come into crypto world with precautions?
I once made a topic with the title how to introduce crypto to the public.
As I know, I will provide an overview of the risks when beginners start investing in crypto, there will be no coin recommendation or fast profitable investment, introducing real and usable technology is a good goal before investing in a new coin. Most importantly, don't force your will when we have little money, because there is no guarantee that the price of Top coins like BTC will continue to rise without decreasing.
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Trends can make you rich ,but also can make you broke if you didn't have enough knowledge to deal with it,i wont risk grabbing any one of my friends or my family into crypto unless im sure they have the ability and the skills to deal with such a volatile and manipulated market such as crypto..
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@iloveyobit and you have done very well. A few years ago several friends asked me about crypto, I helped them, I advised them, I spoke to them every day about the worst that could happen to them and until a few months later I did not let them make their first investment alone, it was a small investment, but a great one step for them in the world of trading.
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Not all tokens are worthy of investment. Shit coins always looks very profitable but we have to bear in mind that it's future is dark. Any time it may come to end. I have lost my first 30 ETH balance in CYFM and MFTU when it was attractive and looked very profitable but alas! i lost my funds later after investment. Taking lession from it, now i am very cautious and invest only good coins and tokens that have future potentiality. We have to invest with proper research, not based on trend.
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Crypto is just as profitable as it is risky in the case of trade, not everything goes smoothly many times the currency is profitable but after the investment the price goes down in which case the traders suffer. This is why crypto can be profitable if you hold on to currencies like bitcoin or ethereum.
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Crypto is just as profitable as it is risky in the case of trade, not everything goes smoothly many times the currency is profitable but after the investment the price goes down in which case the traders suffer. This is why crypto can be profitable if you hold on to currencies like bitcoin or ethereum.
Even projects that many of us only heard about at the last moment, when they showed more than 1000 percent growth, can bring good profits. but nevertheless, in order to recognize them, you need to pay a lot of attention to the cool currency market. But in order not to take risks and feel calmer, it is better to really invest in the top-rated cryptocurrencies.
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Here we can get benefits in various ways, but it's not easy for us to do if we don't understand how. This cryptocurrency is very attractive, the price increase is very volatile. But behind that convenience, it's actually very difficult to get it if we are not experienced here.
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The attractiveness of cryptocurrencies depends on its idea and from the team that created it. The more active the team, the more innovations are offered, the higher the price.
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Don't all of us think that this cryptocurrency can be profitable or provide a better change to our funds because from every cryptocurrency it must be very different in the way it works and even cryptocurrencies have a lot of disadvantages.
I believe everything is faster in the movement of profits and losses in any cryptocurrency trading and be careful!
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How you will attract your friends, neighbors, and family to come into crypto world with precautions?
In fact, I forbid him to approach cryptocurrency because cryptocurrency is full of uncertainty and it is difficult to be able to recover money lost when there is a theft.
All funds are closed by yourself and may also not be represented by other people because the Private Key is very valuable than those around you.
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One thing is to attract but not all fantasy in cryptocurrency is real some Cryptocurrency come with to much hype, first of all for you to be able to attract your friend and neighbors you have to start with yourselve because people want to see what you are presenting to them show in your appearance in other for them to be convinced, people look at you what kind of car you're driving.
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We saw the price of many different tokens increase 300% -1000%, but the market cap increased only 25% -100%, so the capitalization from the large number of bad tokens flowed into capitalization of the small number of good tokens. In the current market, only the really potential tokens can grow and increase in price, the rest will be discarded and miss bullrun.
The selection of tokens that are worth investing in is the most important at the moment, and we should also start to consider a plan to protect assets by taking profits in stable coin.
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keep in mind that to get big profits in the crypto world, we also have to learn to manage it wellc We know that not all crypto coins are profitable. if you really want to invest in crypto then you can choose crypto that really has good prospects.
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It's better to be yourself because if you give advice to other people, it will be our responsibility if you experience losses as a result of cryptocurrency trading.
I better be alone as myself without having to tell other people, except maybe those who are open to cryptocurrency.
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It is trend which can make you profitable but it can also give you even loss so make your own decision on worry if you are new time will teach you everything so be patient and follow the trend but also do your own research
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It dies not narrow down to trend only, being in crypto in general is a risk that whomever is part of it is willing to take, trend or not, the first thing that comes is crypto before looking at what trend is the crypto, whether you are investing in old or new trend or no trend at all, it is important to alway dyor before any other thing because it is very important and a guide to investment.
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Let's just say that I don't do any work in order to attract my relatives and friends to crypto, they watch me and have no illusions about incredible earnings, they see that this is the same field of activity as in the ordinary life of ordinary people who are not connected with cryptocurrencies. Based on the above, I want to advise you not to aggressively agitate your loved ones, they will come to you for help if you show good results. From this, I draw an important conclusion: the most important thing is not to stop and move towards your crypto goal.
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Crypto is similar with fiat, looks same but different in result that's why opportunity always there we only need to follow the trend and out before market turning back. Research all data ( history, technique, fundamental ) before replace trust and never say fail before price reach stop loss. Go to forum/ group and discuss our research to take other opinion, will take time but crypto is not game this is our future.
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it's true that not all crypto is profitable. There are also many people who experience losses because they are hasty or not careful in managing crypto. but if we can manage it well and there is a will to continue learning it will pay off. it will be easier for people to trust us if we already feel the results for ourselves.
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it's true that not all crypto is profitable. There are also many people who experience losses because they are hasty or not careful in managing crypto. but if we can manage it well and there is a will to continue learning it will pay off. it will be easier for people to trust us if we already feel the results for ourselves.
Yes, I think we must be careful, because not all crypto currencies are profitable. We should choose a good coin and must be careful to learn the team and project.
Several time I have lost, but I think It's normal at crypto world.
I personally believe on top ten coin, buy when dip and hold it. When the price pumps, we can sell it soon.
I think top ten coins are more profitable and recovering quickly than new coin.
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It's not an easy thing to attract the closest people to join the crypto world because we know the risks involved and not everyone can accept it. so it's important before inviting them we tell the advantages and risk of crypto so that they have a view of it. it is true that not all crypto is profitable because I have experienced it myself and it has become an experience for me to be more careful.
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keep in mind that knowledge and experience will be influential to help us manage assets properly. many people have gone through periods of loss but we have to keep learning and trying. The fluctuating crypto market makes us have to be smart about choosing good coins to save. that's true if we have to be able to accept all the risks in the crypto world but if we can manage them well it will be profitable
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With the experience that we can accumulate over the years we can have a much clearer vision of the new projects that are appearing. With that experience we will know better where to invest our money minimizing projects that have no future, it will never be 100% safe, but our possibilities will increase a lot avoiding possible future problems.
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That is the fact, But trend is one the major basis of making decision about cryptocurrency and for one to make profit, one cannot do without it to some extent, but what i just think is that whenever one want to take decision with it, it should not be under duress or panic. one should make sure all research are carried out.
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Due to cryptocurrency trends many people (not all) globally are eager to collect and earn tokens as much as they can. Why? Because of the basic reason, wants to win (maybe if possible to get rich). Basically, their first impression is quick rich which is possible but seldom to happen. Most likely, those who are Innocent's could fall under the trap of failures. So learn from the big names or known as whales is good strategy to deal crypto not in fantasy.
The whales and seniors in cryptocurrency world could be the good mentors(maybe) to learn from their realistic point of view. But it does not mean do not research. So for you and me, do not easily attach to thousands attractive cryptos because some are scam and dead project.
DYOR(Do Your Own Research) matter, because you are responsible on your own business.
Trends Attract but not all profitable. If possible, always be careful in your journey.
How you will attract your friends, neighbors, and family to come into crypto world with precautions?
I Agree that's why we must do our own research about what project that we want to join or invest. IMO, it makes sense to do that as a pre-requisite or a standard procedure before we are going to ride on any crypto bandwagon think ahead so that we are not going to be caught by surprise because the crypto market has full of surprises. And more thing as the old saying "Invest only that you can afford to Lose"
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The crypto market is highly volatile, which means there are wild fluctuations that take place in the price. Sometimes it provides benefit to investors. Before entering into crypto world , it is imperative to learn about the market and factors that affect the crypto market.
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Especially Newbies to this market trapped easily by others profit because most of them jumped into this market to make quick money. Most of the newbies lost money because of no experience even some are entered when they gain knowledge about this market. If you are an investor you must have a knowledge of the crypto market and must keep it in mind Everything that shines is not gold so be smart and DYOR before investing in any coin and calculate the risk as well.
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it's true that not all crypto is profitable. There are also many people who experience losses because they are hasty or not careful in managing crypto. but if we can manage it well and there is a will to continue learning it will pay off. it will be easier for people to trust us if we already feel the results for ourselves.
That's true, we must continue to learn if you want to get profit. I have lost several time and still learn about my mistake and improve my analysing.
Because not easy to be professional trader or investor.
Be your self and always be careful to choose coin.
If you don't be careful you will lose a lot.
Many investors already done it.
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It's always important to DYOR(Do Your Own Research). However people always tend to ignore this universal rule and rely on the judgment of others which may be either misleading, intentionally or not
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It's always important to DYOR(Do Your Own Research). However people always tend to ignore this universal rule and rely on the judgment of others which may be either misleading, intentionally or not
Most people do not research the project before investing. Many do not even have time to do research. They invest based on the opinions of others. Many people are losing money by falling into the trap of scammers.
Cryptocurrency is a huge issue. Proper knowledge must be acquired before investing here.
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If I could find a mentor in the role of a whale or a good mentor, then of course it will be a success for a novice trader, I completely agree with you that it is necessary to trade on the stock exchange and not a fantasy, but now there are few really good mentors, almost all charlottes who just row money and they say to everyone that they are trade gurus.
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...So learn from the big names or known as whales is good strategy to deal crypto not in fantasy. ...
For beginners, there is the least safe strategy to buy the coins that Grayscale has chosen to invest in. Because such campaigns have a large staff of specialists who can correctly evaluate promising coins for investment.
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yes not all cryptos are profitable, there are many scam coins in the market and newbies should aware because they will likely fall of scam. My advice to newbie if you want to invest in cryptos and don't want to research the project because no time to do it, just pick the top altcoins in the market like eth, dot, ada, bnb these are good coins to invest.
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This is something interesting, I saw a lot of people around me getting know more about cryptocurrency lately. But they think this is a quick way to multiplying your money which isn't true at all. I think we should teach common people about the risks and advantages of crypto so that they'll not easily fooled by scammy project.
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This is something interesting, I saw a lot of people around me getting know more about cryptocurrency lately. But they think this is a quick way to multiplying your money which isn't true at all. I think we should teach common people about the risks and advantages of crypto so that they'll not easily fooled by scammy project.
Thinking about the way these people do is the first step toward bankruptcy. If you can, you should warn them and give them some advice before they make a mistake that they later regret. They can fall victim to many types of scams without realizing it before it's too late. If you can, help them.
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When a trend appears in crypto than most of the project even the shit project that is related to that trend pumps. This happens every time so you can choose any project you want but should be stick to it forever. Invest some of your funds you get profit then sell-off. This is how many investors make money really quick.
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When a trend appears in crypto than most of the project even the shit project that is related to that trend pumps. This happens every time so you can choose any project you want but should be stick to it forever. Invest some of your funds you get profit then sell-off. This is how many investors make money really quick.
There are a lot of opportunities to make huge money in the cryptocurrency market and they are always present. but these possibilities are very difficult to recognize at the very beginning of the development of a project. Nevertheless, you should always monitor the market and use any situation to obtain reliable information. But this comes with a huge risk. Those who do not want to take risks, let them deal with the most rated cryptocurrencies.
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I see no reason to buy coins that have no prospects and cannot bring profit. I believe that you need to choose interesting, promising coins and buy them. If in doubt, it is better to choose another coin, because there are a lot of coins, the choice is large. But we must remember that risk can pay off and a risky investment can bring profit.
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Lots of cryptocurrencies have ended up with a decrease in the prices of various altcoins that are already listed on the market.
Maybe coins that are below the top 1000 Coinamrketcap are difficult to move because basically these coins are not well-known and are not glimpsed by investors.
I also often see it in various announcements in this forum and it is very sad to see.
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With the growth of cryptocurrencies, all projects begin to grow, with the exception of only the scam, which themselves lowered the price on the exchange, then brought down the market. You need to invest in projects that have been on the market for a long time and are traded on different exchanges.
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I see no reason to buy coins that have no prospects and cannot bring profit. I believe that you need to choose interesting, promising coins and buy them. If in doubt, it is better to choose another coin, because there are a lot of coins, the choice is large. But we must remember that risk can pay off and a risky investment can bring profit.
I think top coins are good choice if you doubt to choose project, especially new project.
I didn't like invest in new project, because I think better invest in old project.
More safe and also reduce the loss.
But It depends on your knowledge.
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Not all cryptocurrencies can be profitable because there are always cryptocurrencies that don't manage to be on the right track so the coin dies in the middle of the road during development.
There are so many examples and maybe I don't need to give examples of the dead coins because it's unethical if I vilify a coin in a forum that is pro with this cryptocurrency, namely the altcoinstalks.com forum.
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From my experience so far in the crypto business, not all cryptos are profitable. before you trade any coin or token you to monitor the movement in the market of the coin first and see is what you can invest in and trade. There are some projects you invest in and do not find meaningful movement in them.
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It's really fantastic writing by you and i agree with your thoughts. Many of us make the mistake particularly those who are beginner in this platform they make the mistake. They want to buy more and mare and only reason is to make large profit which is not possible most of the times but their expectation increasing day after day.
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In 2017 when ICO was the best money making opportunity at the time, thousands of scam and shitcoins came into play within 2016 to early 2018 and today they are more, same thing will happen with this metaverse craze and meme coins just know where to put your hard earned cash.
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I heard the term Trend is a friend so always go with the trend but you never know when the trend changes all of sudden. Yes, one can be trapped if not do the proper research before investing in any coin. One should not be enticed by the earnings of the other and do not follow blindly signal providers. Have some basic and fundamental knowledge about the market to improve your trading skills.
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The majority of the altcoins here in this industry are not profitable that's the reality things happens here.
Though, cryptocurrency was very trend all around the globe but it has a high risk once we invest, this is the fact
that we need to accept here as an individual investors.
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With the growth of cryptocurrencies, all projects begin to grow, with the exception of only the scam, which themselves lowered the price on the exchange, then brought down the market. You need to invest in projects that have been on the market for a long time and are traded on different exchanges.
I partially agree with you, but not entirely. Investing only in coins/tokens that have been established for years means that we may miss out on real gems that have only been on the market for a short time or are about to appear. It is true that there is a certain "security" in already known projects, but I think that giving opportunities to new projects can make us obtain good benefits in the next project that can shake the market. It is a matter of monitoring the market to know what new projects appear.
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Something interesting is different from something unique. more unique things will create short-term hype, and of course very profitable . whereas pulling is something that can be monitored for the long term, it's a bit of a hype but a sustainable gain.
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From my experience so far in the crypto business, not all cryptos are profitable. before you trade any coin or token you to monitor the movement in the market of the coin first and see is what you can invest in and trade. There are some projects you invest in and do not find meaningful movement in them.
Do research firstly before invest.
Not all cryptos are profitable, Several of them are scam and also worthless.
We should have good analysis to choose the project or coins.
It will take several time to do research.
If you have good analysis ,you will detect what coins are better to choose for short or long term.
We know crypto is unpredictable, So be careful.
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Not all cryptocurrencies can be profitable because there are always cryptocurrencies that don't manage to be on the right track so the coin dies in the middle of the road during development.
There are so many examples and maybe I don't need to give examples of the dead coins because it's unethical if I vilify a coin in a forum that is pro with this cryptocurrency, namely the altcoinstalks.com forum.
Yeah several of crypto projects were dead projects.
That's the fact.
I agree with this, Not all cryptos are profitable.
I think we must choose the potential project to invest, if we have wrong analysis we will lose. Because Invest in worthless coins.
The basic analysis is technical and fundamental analysis, we should learn both before do research.