Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: EluguHcman on March 14, 2024, 10:43:18 AM
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Everyone is always attracted to be influenced but not everyone who can succeededly be influenced. So, are you one of them that are flexible to be influenced by rumours and specializations? Or you are one of the kind that researches when there comes a rumour before you would take a stand towards it?
So has there been a Coin that has succeeded to influence you which you lost your mind and you invested without making a research or enquiry about the coin but luckily you came profited in a high rate during the coins appreciative values season? Or did the scenero made you regreted for being ignorant to make your research?
Mind tell us what coin it was?
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Rumors are only rumors until they come from a reliable source, and then the probability that you will believe them and then cause a financial problem or lose your money is higher. Therefore, I think that DYOR and understanding what you are going to invest in is much better than believing trustworthy people because no matter the degree of trust in those accounts/ Individuals: You are the only one who bears the consequences of losing your money.
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Everyone is always attracted to be influenced but not everyone who can succeededly be influenced. So, are you one of them that are flexible to be influenced by rumours and specializations? Or you are one of the kind that researches when there comes a rumour before you would take a stand towards it?
So has there been a Coin that has succeeded to influence you which you lost your mind and you invested without making a research or enquiry about the coin but luckily you came profited in a high rate during the coins appreciative values season? Or did the scenero made you regreted for being ignorant to make your research?
Mind tell us what coin it was?
I have never bought a coin because of someone else, I just did a shot once only to try but that was just pure waste of money nothing else. I don't really recall the name of the token which I bought due to someone's suggestion, it invested just $15 on that token and after a few weeks the value of that token was dumped heavily so I totally gave up on it.
I did that only to see that how others speculations work but the result was purely loss and nothing else. I learnt a lesson from my mistake, which was to never follows others blindly in crypto world. Always do your own research when you're thinking about investing in a token or a coin. Although, I haven't lost much amount because I regained 100x of that value by investing in tokens that I researched, but it was a good lesson for me.
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I am grateful to this day, I don't believe in any rumors for new tokens, I only believe in coins that already have a name, but if they hold an airdrop I will participate but if it is to invest I will not invest at new koin
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Everyone is always attracted to be influenced but not everyone who can succeededly be influenced. So, are you one of them that are flexible to be influenced by rumours and specializations? Or you are one of the kind that researches when there comes a rumour before you would take a stand towards it?
So has there been a Coin that has succeeded to influence you which you lost your mind and you invested without making a research or enquiry about the coin but luckily you came profited in a high rate during the coins appreciative values season? Or did the scenero made you regreted for being ignorant to make your research?
Mind tell us what coin it was?
When I first joined the market, I used to be someone who easily believed other people's judgments, especially based on technical methods. What is presented in the YouTube videos is really fascinating and makes me feel that those KOLs are really capable of accurately predicting the market based on available indicators and tools.
I bought EOS in 2021 because I believed it could make a new ATH, maybe even reach $250. However, EOS only reached $14 and brought me losses :(
After that event, I focused on researching the original documents of indicators and tools in the market to be able to analyze myself. Currently, I no longer trust anyone's judgment, I only believe in what I really understand and identify the associated risks.
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I think an individual should do his own research without trusting on rumours because rumours have no point of creation so I will suggest that create your own idea and then search deeply about any project so you can avoid scam project for which you will regret after participation.
I think top project are far better for investment rather than those that are temporarily higher in worth because of rumours. We have all resources through which we can identify the things and can search about any coin easily but if after that we are so lazy to trust on rumours then we should also be ready to loss our money.
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Most of these influencers only parrots what they read on news though so there is truth to what they are saying. Sometimes they only evaluate what developers are doing.
But its always good to read them yourself and compare whatever you can come up from these information.
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Everyone is always attracted to be influenced but not everyone who can succeededly be influenced. So, are you one of them that are flexible to be influenced by rumours and specializations? Or you are one of the kind that researches when there comes a rumour before you would take a stand towards it?
It's better to choose be calm down every time there is rumor that brings hype things. I mean that, whatever the rumor, just stay calm and do more research on the rumor. It's no need to always follow the rumor as offered in the media. We are aware that sometimes, rumor may be true, and sometimes they are not.
That's why we must be careful and wise enough in selecting the rumor. Once is that we don't need to believe the rumor once we heard it. Just take a breath, look deeper, and do research. After being sure enough with our own research, we can continue to take action.
Because right now, so many rumors are increasing due to the high increase of BTC and some altcoins.
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Everyone is always attracted to be influenced but not everyone who can succeededly be influenced. So, are you one of them that are flexible to be influenced by rumours and specializations? Or you are one of the kind that researches when there comes a rumour before you would take a stand towards it?
So has there been a Coin that has succeeded to influence you which you lost your mind and you invested without making a research or enquiry about the coin but luckily you came profited in a high rate during the coins appreciative values season? Or did the scenero made you regreted for being ignorant to make your research?
Mind tell us what coin it was?
Fortunately, I don't follow influencers, and I think I have outdated them. What I mean is that majority of them came into the picture around 2018 and early influencers are only Bitcoin bagholders. So they will only talk about Bitcoin and it's potential growth early on and this influencers could be early developers or with the likes on Andreas Antonopoulos.
But after that, most influencers are purely for the hype and for the clicks. And although from time to time I will see them in Youtube or even in Tiktok, I will just watch what they are going to shill and that's it.
So no dice for me in the recent wave of crypto influencers and I think majority of them are just like you and me, making wild and educated guesses.
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Everyone is always attracted to be influenced but not everyone who can succeededly be influenced. So, are you one of them that are flexible to be influenced by rumours and specializations? Or you are one of the kind that researches when there comes a rumour before you would take a stand towards it?
Actually I am a securing investor, never that I risk instead of new coin I kept putting my Money in slow moving but secured currencies like ranking coins so maybe I cannot comment about that.
So has there been a Coin that has succeeded to influence you which you lost your mind and you invested without making a research or enquiry about the coin but luckily you came profited in a high rate during the coins appreciative values season? Or did the scenero made you regreted for being ignorant to make your research?
Mind tell us what coin it was?
in my foolish time? i did put in EOSbet project with a friend and yeah up to now our tokens are locked and there are no even sign that we will be getting anything lol.
We are scammed hahaha.
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I remember buying some random meme coins back in the past because a forum member made a thread about it. He shills it quite smoothly, saying that everything is speculation but the token he shares might be worth mid-term, etc. Luckily I only spent around $100, which is still a lot of money but not dangerous enough for my well-being. Safe to say the token is dead and the team runs away.
While my experience is bad, I don't necessarily ignore any hype or news/shills shared on social media. If the project looks good, or if I believe I'm not too late to join for a short-term trade, I'll try and see if I can make an entry. At the end of the day, there's no way you will find a gem or project worth farming for if you ignore everything. The best thing to have is a filter that you use to dismiss the scam. Having an ignored list of influencers that regularly shill scam projects, or just being an annoyance is also good.
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Everyone is always attracted to be influenced but not everyone who can succeededly be influenced. So, are you one of them that are flexible to be influenced by rumours and specializations? Or you are one of the kind that researches when there comes a rumour before you would take a stand towards it?
So has there been a Coin that has succeeded to influence you which you lost your mind and you invested without making a research or enquiry about the coin but luckily you came profited in a high rate during the coins appreciative values season? Or did the scenero made you regreted for being ignorant to make your research?
Mind tell us what coin it was?
As far as I know, there are many influencers who pretend to know something about cryptocurrency or trading in this field, but the truth is that they really don't. That's why those who don't know are poor because they can only be carried away because of the influence they have.
That's why those who really know won't immediately or casually believe the speculations that some influencers make about the truth. So it's always true that someone knows better than someone who doesn't.
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Rumors are only rumors until they come from a reliable source, and then the probability that you will believe them and then cause a financial problem or lose your money is higher. Therefore, I think that DYOR and understanding what you are going to invest in is much better than believing trustworthy people because no matter the degree of trust in those accounts/ Individuals: You are the only one who bears the consequences of losing your money.
Very well said. I was actually once a victim of believing or being influenced by other peoples speculation maybe that was 2017-2018 I think and I can't afford to do that ever again. Though I only lose my precious time and effort but still that means a lot to me. DYOR really is the key.
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Very well said. I was actually once a victim of believing or being influenced by other peoples speculation maybe that was 2017-2018 I think and I can't afford to do that ever again. Though I only lose my precious time and effort but still that means a lot to me. DYOR really is the key.
Problem is not with your friends, they are trying to advise you on something good, but if you do not know where to look, how to verify the information, how to do DYOR correctly and from reliable sources, then without that, you will end up believing FUD, which leads you to greed, where you think the price is far away from the top or to the rush to sell because you think the price is close to the bottom.
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Everyone is always attracted to be influenced but not everyone who can succeededly be influenced. So, are you one of them that are flexible to be influenced by rumours and specializations? Or you are one of the kind that researches when there comes a rumour before you would take a stand towards it?
So has there been a Coin that has succeeded to influence you which you lost your mind and you invested without making a research or enquiry about the coin but luckily you came profited in a high rate during the coins appreciative values season? Or did the scenero made you regreted for being ignorant to make your research?
Mind tell us what coin it was?
You can't be sure about any coin you're investing in right now, even doing research will not do if the intention of the developers is to scam their investors they will do this and without you knowing it they have done an exit scam.
I speak from my experience I thought that Graphene was the next big thing because the developers are capable and they are transparent I even invited some of my friends to invest but it ended up being an exit scam by not updating their investors in their channel.
So if you first see a sign that the developers of the token you've invested are doing an exit scam don't hesitate to dump your token before it's too late.
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Everyone is always attracted to be influenced but not everyone who can succeededly be influenced. So, are you one of them that are flexible to be influenced by rumours and specializations? Or you are one of the kind that researches when there comes a rumour before you would take a stand towards it?
So has there been a Coin that has succeeded to influence you which you lost your mind and you invested without making a research or enquiry about the coin but luckily you came profited in a high rate during the coins appreciative values season? Or did the scenero made you regreted for being ignorant to make your research?
Mind tell us what coin it was?
I'm the kind of investor who always do the opposite of the herd. Well, most of the time I'm doing that because there are still times where I follow what most are doing, but all of that have risks, and I always calculate it first before deciding where I need to do what most are doing or not.
I'm not the type of investor where I will invest on that project just because of a rumor. I always want to approach it on a much safer way, and wait until that rumors become a reality. If the rumors turned out to be true then so be it. I might lose some profit because for sure the price of the token will go up especially if it's a positive one, but that would be better than just investing without any knowledge about the project or whatever. Before I invest, I always do a bit of research whether it's a good coin to hold or not.
Well, I almost lost money in EOS back in 2018 where it is still on hype. I want to take a loan because I badly want to invest into this token just because it's hyped, but nobody wanted to give money on me. Turns out that it would be a "blessing in disguise" because a few months after me wanting to take a loan, the price of EOS went down (bear market). I will incur losses of more than 50% if I continued to buy that token. I realized at that time that I need to make a research first, and being ignorant in investing will lead you most of the time to losses.
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Or did the scenero made you regreted for being ignorant to make your research?
Mind tell us what coin it was?
Regret so much.
Having a few bad experiences can indeed make us more alert, but that doesn't mean we can always avoid quite a few or almost the same problems. I've even gone through quite similar errors several times. That is like:
- just following speculations from several sources without doing your own analysis.
- Believe in the predictions of other people who we ourselves don't understand
- too greedy with very high hopes, even though it's all just hope, without being achieved.
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Mind tell us what coin it was?
I could not remember anymore those coins and tokens that eventually died, left behind and just plainly made up to scam people...as reliving the experience can be a little bit horrifying as those means losing hard-earned money expecting something in return but in the end I was just holding an empty plastic bag. There were times when I got into hypes believing that eventually a coin will make it into exchanges but will just be left behind by its developers and promoters after getting the money are looking for. Unfortunately, this is so common in the cryptocurrency industry...shitcoins are in abundance and can be victimizing many people. We can always be influenced because we are all connected in this industry and there is that desire in all of us to learn more and also that curiosity for an opportunity to gain...we can really be greedy at times which can lead us to lose even more.
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Timing is definitely important, because no matter how big and full of excitement the growths are, they can be the destruction of the money itself, where it becomes equal to zero in just a few days.