Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: TomPluz on December 07, 2022, 09:41:39 AM
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I have to be honest that right now I stopped buying new coins and tokens all because the risks involved can be so high...so there is less chance that we can gain something out of what we are investing into most especially if one is talking long-term. As one who experienced the horrors of the ICO explosion in 2017 - 2018...I just learned that trust is so scare in this industry. We don't know the people behind a new project that much and we don't know if they are real or just pretending to be someone else.
But of course, there can be some rare exemptions when I am seeing that the project can be solid and has a good future ahead. So what are the new coins and tokens you invested with lately?
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The good time to take a buy position is when the market has finally hit the bottoming level, and many Analysts has predicted that Bitcoin renge of between $12k --$14 is expected to be the bottom, though others market Analysts think that Bitcoin, the first crypto may go below $12k. Allot of speculative bottoming is one of the causes of the market fears.
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I prefer to buy altcoins that have clearer potential than having to buy altcoins or tokens that have just been created, because so far a lot of tokens are scams and there may be scripts that expose you to phishing wallets that allow developers to get access to reap all tokens in your wallet, so you have to be careful if you want to make cryptocurrency transactions.
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I have to be honest that right now I stopped buying new coins and tokens all because the risks involved can be so high...so there is less chance that we can gain something out of what we are investing into most especially if one is talking long-term. As one who experienced the horrors of the ICO explosion in 2017 - 2018...I just learned that trust is so scare in this industry. We don't know the people behind a new project that much and we don't know if they are real or just pretending to be someone else.
But of course, there can be some rare exemptions when I am seeing that the project can be solid and has a good future ahead. So what are the new coins and tokens you invested with lately?
Sure, buy new coins or new projects is risky, because there are many scammers there.
I persoy prefer invest in top coins, safer.
Although new coins or new projects are more profitable.
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This is the right time to buy new tokens and coins, at this time the market is falling, big coins are also at a low level, it is a golden opportunity for investors to take advantage of this.
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A little earlier, I took part in various airdrops. After that, a lot of tokens accumulated on the crypto wallet. At the moment, such tokens are empty and have no value. No, I try not to buy new altcoins. Only from well-known blockchain projects.
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I prefer to buy altcoins that have clearer potential than having to buy altcoins or tokens that have just been created, because so far a lot of tokens are scams and there may be scripts that expose you to phishing wallets that allow developers to get access to reap all tokens in your wallet, so you have to be careful if you want to make cryptocurrency transactions.
Likewise. I really don't like investing in New crypto projects and not that some might not be really good in the end but I like to limit my investment risk, especially in a bear market like this. I will only take a little stake when there has been a confirmation that the market is in a bull season and this wouldn't be for a long hodl either.
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I have no thoughts of buying new coins at this time, and never will, I will only buy potential coins and can provide future benefits
because at this time I do not want to increase the risk in my finances
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The truth about buying new coins or tokens now is that it is dirt cheap. I mean, you can get those crypto you have been eyeing for long here. And the best method here is to DCA here gradually. Never go all in now because I think its going to get redder as christmas approaches
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I bought ICO in 2017/2018 and only do bounty ever since. But sure, I still buy new crypto for speculation the likes of Terra Classic (LUNC) even though I admit it's only for pure speculation regarding the market condition. I might start to be more serious if BTC falls below 10k, signaling that the market is bottom. Doing DCA on top crypto is good if you currently have spare money, but I won't do it for cheap tokens as the risk is too high.
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I am buying the cheap tokens and coins with DYOR and seeing the project behind it. I am buying with the money I am least bothered about. So, it depends on your research and a bit intuition as well.