Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Cadaver20 on October 10, 2022, 03:04:29 PM
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Many of us invest in some new projects as hidden gems in the hope of more profit. But in the beginning, the growth of those projects shows very well, but in the end, they are dumped hugely. As a result we regret losing our money. So I think it is better to invest in top coins even if the profit is small. At least it won't crash like Terra Luna.
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Investments on new altcoins, in new projects are highly risky because it is not known if they are scams or if they will have a future success, in fact it is worth investing only in the top ten to rest assured
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When a new project does not have a partner like Binance Lab and the project does not have enough funds to develop the project, then the situation will be different, there are many projects that have rugpulled and ended up in fraud because the project was created just to deceive the investors.
Finding hidden gems is not easy, no one even knows that the Bitgert project is able to provide a faster blockchain than Solana.
Don't be fooled by some new projects that can cost you money due to rugpull and scams
(https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcSqvBjKLUHNnDTs5gTmgFYdhKiH6mXroVM2bg&usqp=CAU.png)
Source: https://blog.chainalysis.com/reports/2021-crypto-scam-revenues/
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This is now a big bad reality that we in the cryptocurrency industry can be facing. Right now, we see so many projects hyping to offer this and that but at the end they just ended up dumped...just another tool for bad actors to get more money and maybe even go into a hidden island vacation with millions of dollar at their accounts. In other words, we live alongside with so many scammers, hackers and just any other guy with their eyes open for making good money 24/7 even at the expense of the fooled innocents. So we have to be careful...once you get some profits get out as fast as you can and don't look back as you don't want to be one of the many holding empty plastic bags.
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Until and unless you are damn sure investing in new projects do not do otherwise choose only old and trusted projects because sometimes new projects crash faster than we think so it's always better to choose the tested and trusted projects for investment if one can take some risk then only invest in new projects otherwise with limited knowledge of crypto market investment in old coins is a better option.
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BTC and top altcoins are my pick this crypto winter because I just trust them. With lowcap, 90-95% will disappear in the next cycle and cannot get ATH back in this cycle. BNB and ETH are always the best options, BNBBTC also created new ATH.
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Ducatus is opening possibilities for building value-driven applications and user-oriented blockchains. Hence, the network is now offering two tokens which has deployed to the blockchain.
The first, $QMN is a special utility token valued at exactly $1 with an unlimited supply that is backed by USDT on the blockchain and is bringing back the pizza renaissance using web3 technology
While AA+, is the other DRC20 token on the DUCX blockchain and is the native token of AA+DEX, going live on 2/2/23. It also earns holders passive income from activities on the exchange
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From my experience of collecting "hidden gems" almost all turned to shit, died, and were not tradable! ;D
But it doesn't mean you can't get lucky and pick one that will give 1,000x profits. Just understand that this is practically a gamble so don't gamble with money that you can't afford to lose.
That said, the safer option is there in the top-10 Coinmarketcap and the risk will increase if you go down the rank.
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From my experience of collecting "hidden gems" almost all turned to shit, died, and were not tradable! ;D
But it doesn't mean you can't get lucky and pick one that will give 1,000x profits.
Most of the coins we invest in as hidden gems later turn into Shitcoins. Many try once or twice and give up. As a result, he can never reach the hidden gems. That's why I think not everyone needs to find hidden gems. But those who are extraordinary can find.