Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Thyplaymaker on March 27, 2024, 12:19:29 PM
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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.
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Big yes, it is important to do research before investing in a project to avoid scams. we encourage those who are new to crypto to do your own research, don't jump right into a project that you don't know if it's legit
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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.
For me, the best time is when we are in a bear market and when prices are in the red - and some smart investor said a long time ago that the best time to invest is when there is blood in the streets. In other words, when everyone is panicking and selling, the intelligent always buy.
As for who will choose which coin, I agree that you should choose those that are already somewhat known and have a reputation, but people are always looking for something that will bring them a massive profit, and that is very often similar to gambling.
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For me, the best time is when we are in a bear market and when prices are in the red - and some smart investor said a long time ago that the best time to invest is when there is blood in the streets. In other words, when everyone is panicking and selling, the intelligent always buy.
well Said, the bear market is the best time to buy , alot of people with less knowledge about this space are always panicking whenever there's a dip . Due to not wanting their money to get stuck. So whenever there's a dip buy more if it dip again purchase more, mostly when it come to bitcoin. Because the more you buy during the bear market the more profit you gonna make when there's a bull market.
As for who will choose which coin, I agree that you should choose those that are already somewhat known and have a reputation, but people are always looking for something that will bring them a massive profit, and that is very often similar to gambling.
most time we Humans let our greed to get the best of us when it comes to trading and investing most time , the urge of making greater profit in a short period of time. Leading to making reckless decision without having thinking of the risks. To have a peaceful investment we should purchase coins with good reputation. Just as you said.
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Be careful of the coin you invest on.
Ah, this is absolutely true. Because I personally have a lot of altcoins that I got this season and the previous bull season. Sometimes I feel confused about how to invest, because I haven't found a portfolio of applications that can help me manage all the altcoins that I have. Yes, although I don't expect too much with all those altcoins. But at least, I hope everything can be sold so that my wallet is clean enough this time. Ha ha ha
Because, taking profits in bullish is quite risky, it could be too early but it could mean we are too greedy and in the end miss the moment to take profits. This is what we have to do, namely manage our assets well. So there is no longer a word for being too late because you are too greedy or panic selling because prices are going up too fast. Pay attention to the market and manage our assets wisely.
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Many people also told me that before the halving there were usually lots of scammers who came to steal our money in cryptocurrency.
I had anticipated this because I felt I could just buy Bitcoin to invest because as the OP said before the halving there would be lots of scammers in cryptocurrency.
I often ask or look at various cryptocurrency telegram channels to stay away from scammers so that I don't get tricked.
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For me, the best time is when we are in a bear market and when prices are in the red - and some smart investor said a long time ago that the best time to invest is when there is blood in the streets. In other words, when everyone is panicking and selling, the intelligent always buy.
well Said, the bear market is the best time to buy , alot of people with less knowledge about this space are always panicking whenever there's a dip . Due to not wanting their money to get stuck. So whenever there's a dip buy more if it dip again purchase more, mostly when it come to bitcoin. Because the more you buy during the bear market the more profit you gonna make when there's a bull market.
Well, we can't blame those people. But you know what, let me tell you this, the moment we enter the bear market, the more they want to invest. However, there will always be this feeling inside them that there's more possibility for every crypto in the market to go down further. This is the primary reason why it makes them hesitate to invest in a bear market.
They want to catch the falling price at the very bottom, but they don't know what price they will start to invest. They will wait again and again. This has been a cycle ever since.
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well Said, the bear market is the best time to buy , alot of people with less knowledge about this space are always panicking whenever there's a dip . Due to not wanting their money to get stuck. So whenever there's a dip buy more if it dip again purchase more, mostly when it come to bitcoin. Because the more you buy during the bear market the more profit you gonna make when there's a bull market.
From what I have concluded after about ten years since I became seriously interested in Bitcoin and cryptocurrencies, in general people still do not believe that Bitcoin is something so to speak "legitimate" and they constantly expect the whole thing to fail - and accordingly they do not want their money keep invested in Bitcoin for too long.
The "quick in, quick out" method is therefore still practiced by many, but it is still a matter of personal choice for each individual. I will not say that the value of Bitcoin is not something that does not attract me, but Bitcoin is still much more than that and I hope that people will start to appreciate what Bitcoin actually exists for.
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They want to catch the falling price at the very bottom, but they don't know what price they will start to invest. They will wait again and again. This has been a cycle ever since.
I remember when the price dropped below $20 000, how many were there who hoped to buy BTC at prices lower than $10 000, but one should be realistic and not too greedy and invest when the price drops without waiting until infinity, just like that it is wise to take part of the profit when the price rises and not wait for some kind of price that may not happen.
Indecisive people in the end mostly stay on the sidelines and watch and later regret it, but that is something that is an integral part of the world we live in.
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From what I have concluded after about ten years since I became seriously interested in Bitcoin and cryptocurrencies, in general people still do not believe that Bitcoin is something so to speak "legitimate" and they constantly expect the whole thing to fail - and accordingly they do not want their money keep invested in Bitcoin for too long.
The "quick in, quick out" method is therefore still practiced by many, but it is still a matter of personal choice for each individual. I will not say that the value of Bitcoin is not something that does not attract me, but Bitcoin is still much more than that and I hope that people will start to appreciate what Bitcoin actually exists for.
exactly, those that kept on waiting for the whole system to fail , would keep on missing out in this great opportunity bitcoin as offered. Most people that still have such thought or mindset are those that don't really know any about Bitcoin or cryptocurrencies in general. And even when such people kept hoping for such scenario, bitcoin would keep growing gaining the adoption it deserves. And lately alot of folks has already started seeing the beauty of bitcoin, it may only take some time but bitcoin will surely get to a point, where alot of people will surely start appreciating what bitcoin actually exit for.
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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.
The well-known coin we should first of all, think of is Bitcoin, before we start to think of other well-known coins.
Investing in coins because they are well-known is not a guarantee they will do well in the future and can't be rugged pulled. If we can remember, Luna was a well known coin in the past. Where is it today? I believe your answer will make us come to the terms that a well known crypto is not a guarantee to be on profits in years to come.
Investing in crypto entirely is full of risk and everyone should research and invest the little they have than investing of a known coin is trading.
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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.
Seriously, I really, really agree. I can no longer say anything else. because this is true. When investing, in crypto especially, the most important thing is the choice of coin or token. It could be because of the ranking, because of the fundamentals, the real use case, or even just because of FOMO from the hype of the project. All of this can affect what we will produce later from this investment. Once we choose the wrong thing, it will really make us regret it in the end.
Learn from various valuable experiences, both our own and other people's experiences. Investing is sometimes not easy enough. especially when we are very interested and impressed with a coin and we immediately go all in on it, without caring about the risks, because of the very high level of concern for the coin. And in fact, it didn't go according to our expectations, quite the opposite. With conditions like this, who will be blamed? It's not possible to use the coins, because we won't do anything about them either. This is a valuable lesson for us to be more careful and not be careless in taking coins for investment.
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Many people also told me that before the halving there were usually lots of scammers who came to steal our money in cryptocurrency.
Scammers will always find ways and up to trend on what will be their next targets, so asking questions to the community asking for helps, experiences, etc. might help you if you were targeted.
I often ask or look at various cryptocurrency telegram channels to stay away from scammers so that I don't get tricked.
Telegram accounts are the worst place to ask for help against scammers, unless you knew and trusted that person is. Because it's like a hive of scammers in any group exists, better be careful.
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From what I have concluded after about ten years since I became seriously interested in Bitcoin and cryptocurrencies, in general people still do not believe that Bitcoin is something so to speak "legitimate" and they constantly expect the whole thing to fail - and accordingly they do not want their money keep invested in Bitcoin for too long.
We cannot remove this kind of mindset from those people. Especially since Bitcoin is a digital currency, compared to any other tangible asset or investment which they prefer as they can touch, see, and keep it somewhere they are the only ones who know.
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They want to catch the falling price at the very bottom, but they don't know what price they will start to invest. They will wait again and again. This has been a cycle ever since.
I remember when the price dropped below $20 000, how many were there who hoped to buy BTC at prices lower than $10 000, but one should be realistic and not too greedy and invest when the price drops without waiting until infinity, just like that it is wise to take part of the profit when the price rises and not wait for some kind of price that may not happen.
Indecisive people in the end mostly stay on the sidelines and watch and later regret it, but that is something that is an integral part of the world we live in.
That's right, instead of taking the opportunity to invest during that time, they tend to wait for a much lower price. They should have done DCA, so if they happen to invest even if it is still not the lowest price, they can still have the chance to invest more.
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Fraud under the guise of cryptocurrency is indeed very disturbing, plus the mindset of some people today who think that being able to get rich quickly is a weakness that is being exploited badly by fraudsters. What all new people need to pay attention to is, don't easily believe in coins, especially new altcoins or new tokens where there is coercion in making a purchase, or there could also be false promises given to someone that the price of a particular coin will rise within a few years. fore, and he pushed to buy it... Avoid it.
Just check on coinmarketcap and choose the coin with the most potential, like the TOP 10 coins on cmc are coins that have good potential for long-term holding. Apart from that, several methods such as diversification and DCA can be learned first so that beginners can enjoy the Bitcoin halving moment that will come in the next few weeks with good profits from buying and selling activities.
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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.
You can definitely select Bitcoin as the best coin to invest in, there is no other coin in the market that is as reliable as Bitcoin. Since 2009, Bitcoin has faithfully survived in the cryptocurrency market without falling into any scams. Bitcoin keys are so secure and strong that hackers will never be able to hack them. And you can hold on to Bitcoin for a long time to get more return on investment. The longer I hold a day the lower your risk, the only risk reduction is Bitcoin.
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We cannot remove this kind of mindset from those people. Especially since Bitcoin is a digital currency, compared to any other tangible asset or investment which they prefer as they can touch, see, and keep it somewhere they are the only ones who know.
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Maybe it's not the best comparison considering that it is about two completely different periods - but I first heard about Bitcoin in 2011 and then the whole thing seemed to me like something that would last a very short time and it didn't really make sense to me. It took a few more years for me to actually understand how Bitcoin as an idea is actually a genius project, so maybe I can understand to some extent that someone who learned about Bitcoin a year or two ago has a certain amount of skepticism.
However, for all such people, there is a history that Bitcoin has, which definitely did not exist in 2011. I personally know some people from real life who were 100% sure that Bitcoin will fail, and when they ask me today what happened to Bitcoin, I tell them that it really failed because I want them to continue enjoying their stupidity.
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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.
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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.
Big purchases will continue to happen as the crypto market has entered bullish mode,
altcoin season has arrived and now memecoin is the most popular.
Many people make millions of dollars with memecoins, but many also lose millions of dollars to memecoins.
This is very risky but also provides great benefits, see how SOLANA is now that continues to rise in price due to the hype of memecoin on the SOLANA network.
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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.
That's a great suggestion, we should not invest our hardly-earned money in every second coin for the sake of profit, I mean we should not be 100% sure that every investment will make us profit, while we are new to the market and have zero knowledge of everything. At the start when a person makes a few dollars, his/her life POV changes, they start to think making money via trading and investing in crypto is an easy and fast way to make money.
But they ignore the important part, that they can also make a loss and lose it all. proper knowledge is the key to making a profit, joining valuable groups, and communities, saving valuable sources, and trying to be in contact with valuable people, this way a newbie can at least start to make a profit as well. One thing we all should keep in mind is that crypto is no quick money scheme.
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We cannot remove this kind of mindset from those people. Especially since Bitcoin is a digital currency, compared to any other tangible asset or investment which they prefer as they can touch, see, and keep it somewhere they are the only ones who know.
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Maybe it's not the best comparison considering that it is about two completely different periods - but I first heard about Bitcoin in 2011 and then the whole thing seemed to me like something that would last a very short time and it didn't really make sense to me. It took a few more years for me to actually understand how Bitcoin as an idea is actually a genius project, so maybe I can understand to some extent that someone who learned about Bitcoin a year or two ago has a certain amount of skepticism.
However, for all such people, there is a history that Bitcoin has, which definitely did not exist in 2011. I personally know some people from real life who were 100% sure that Bitcoin will fail, and when they ask me today what happened to Bitcoin, I tell them that it really failed because I want them to continue enjoying their stupidity.
Yes, we understand that, and it's already given that those kinds of people who are new to Bitcoin will be skeptical for the same reason I have given. Even I, I don't deny it. The first time I had the chance to learn about Bitcoin I had doubts and thought that it might be a seasonal asset that might disappear anytime soon.
But you know what, during my studies, my professor gave us a task to research all currencies (fiat/digital) available worldwide. That is when I saw Bitcoin included on the lists and that is when I was convinced and said to myself that it was not the same as what I was thinking.
I feel sorry for those people who have just waiting for other people to get the news about Bitcoin. Thinking that it will fail so they can prove to other people that they are correct that Bitcoin will fail. Well, that's what I also do since I was tired of telling other people about it even if they show interest, they don't listen to anything I say as they think of it as a scam or a pyramiding scheme.
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Many people also told me that before the halving there were usually lots of scammers who came to steal our money in cryptocurrency.
Scammers will always find ways and up to trend on what will be their next targets, so asking questions to the community asking for helps, experiences, etc. might help you if you were targeted.
I have also tried asking on various Telegram channels and maybe if I don't find the answer on Telegram, maybe I will ask on this altcoinstalks forum.
I often ask or look at various cryptocurrency telegram channels to stay away from scammers so that I don't get tricked.
Telegram accounts are the worst place to ask for help against scammers, unless you knew and trusted that person is. Because it's like a hive of scammers in any group exists, better be careful.
That's how social media is, there will definitely be their behavior, lately I have also seen a lot of fraudsters on various Telegrams.
But can the altcoinstalks forum provide security guarantees for newly launched coins?
As well as basic information about coins etc.
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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.
That's a great suggestion, we should not invest our hardly-earned money in every second coin for the sake of profit, I mean we should not be 100% sure that every investment will make us profit, while we are new to the market and have zero knowledge of everything. At the start when a person makes a few dollars, his/her life POV changes, they start to think making money via trading and investing in crypto is an easy and fast way to make money.
But they ignore the important part, that they can also make a loss and lose it all. proper knowledge is the key to making a profit, joining valuable groups, and communities, saving valuable sources, and trying to be in contact with valuable people, this way a newbie can at least start to make a profit as well. One thing we all should keep in mind is that crypto is no quick money scheme.
exactly , alot of people always get it wrong there thinking crypto is about getting rich quick scheme, making them to go around making rash decision that always magnet bad outcome ( losses). Expecially after seeing some persons showing off their wins via social medias. 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.
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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.
This is the reason why I always prefer investing into coins that has a higher market cap. The risk of losing your money would be lower compared to if you will invest your money into some new projects out there that yes has a high reward if that project becomes successful, but the risk of you losing money is very high as well.
TBH, sometimes even though we are doing proper research, there's still a chance that we might get scammed. The best thing to do for me is to just focus on Bitcoin or any of the top altcoins out there. I'm not saying that researching doesn't work because it's an important factor, but sometimes even though we are researching in a new project and we find it a good investment, there's still a chance that they can scam you. With the bull market coming, more projects will come, and there's a chance that the project you invest your money with will just scam you alongside other investors that invested on the same project.
You know what, just focus on Bitcoin. In that way, you will not get scammed at all. Lesser risk, lesser reward, lesser stress. :D
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The first mistake is to think that you can get rich from this, you don't have that mindset when you enter into any sort of thing that involves money because this thought diverts your mind. When you start a business, you don't think of becoming rich from it overnight and you know that you will have to work very hard and with a lot of dedication to make your business stable and earn you good money.
The same thought process one should have for trading and cryptocurrencies, one should think that there is a lot of work that they need to do, a lot of knowledge to be gained, and they will need so much focus and dedication so that nothing could distract them.
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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.
But what about me if I invest in Bitcoin? Will buying Bitcoin now be safe?
Because I only have the principle that I only invest in well-known coins like Bitcoin and Ethereum, but unfortunately these two coins are very expensive, I can't even afford to buy 1 Ethereum at the moment. And buying Bitcoin is only a small amount.
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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.
But what about me if I invest in Bitcoin? Will buying Bitcoin now be safe?
Because I only have the principle that I only invest in well-known coins like Bitcoin and Ethereum, but unfortunately these two coins are very expensive, I can't even afford to buy 1 Ethereum at the moment. And buying Bitcoin is only a small amount.
At first nothing 100% safe mostly when come to investing, the thing is that those two coin you just mentioned which is Bitcoin and Ethereum are both coins with nice growth potential. So i will say investing now is not a bad idea because we all believe that after this upcoming halving which going to take place around this month, they would be a massive surge in market if history repeats his self. Because base on previous halving they are always a dip during it . And lateron like a year later there's always a nice bullish market .So i will say yeah you can start your investment. But recommend you using DCA. So when comes to buying in DCA it involves the purchasing of a particular coin ( expecially bitcoin) at different price interval with any fixed amount you can afford. So in other word it is not necessary to buy 1 BTC or ETH at once. But you can start accumulating with any percentage you can remove from your earnings without it affecting your way of living. So you would be able to coverup some expenses when you're accumulating.
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First we must know about the coin we are investing in. If we invest without knowing anything about a particular coin, we may be cheated out of that investment later on. Choosing the right coin is very important for every investor before investing. Unless an investor is able to select the right coin to invest in, he will be a step behind others in investing. If an investor invests in Bitcoin and another investor invests in any of the bitcoins in the market, the investor who invests in Bitcoin must be at the highest risk of his money. So without risking so much money we must invest in the right coin.
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People rush nowadays because they're seeing the others making that much profit. No one's at fault here because those that are sharing their profit are just overwhelmed. While the ones that are being encouraged and rushing, they think that it's easy to get there because they lack of experience. Most of us to invest in Bitcoin as it's a safe asset and good for long term but not all of us are for the long term.
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If you don't have the simple knowledge to know that the crypto market is dangerous then you would be naive enough as to buy or invest on any coin you come across. The first thing that everyone should take note of is that the market is never as the way we deem it to be, when it comes to volatility then you are exactly speaking the language of crypto. Anyone who doesn't research before involving himself in crypto is probably going to be hearing nothing but sad stories because one moment you can be seeing green readings and the next everything is filled with blood and that's how dangerous it can be especially in a very sensitive period like this where they are so many scam and nonsense coins out there.
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One must be careful with every investment and always know the updated news in the market. Many times the invested coins turn into Shitcoins in the market so you need to know the updated news otherwise the investment may disappear from the market at any time. Again one must be careful while investing in new coins and after investing one must keep updated news in the market. In no case is an investment neglected by you but always equally important to you.
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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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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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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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-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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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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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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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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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.
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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.
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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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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.
Related to altcoin trading as gambling it depends who does it and how the methods they use.
Trading futures without trading knowledge and just guessing using high leverage is called gambling, because they are just guessing with a higher risk of loss.
But regular trading in general or spot trading they will still own their altcoins.
Unless they choose shitcoin which in the end will indeed lose its value and be abandoned and just become rubbish.
Must be careful with new coins, must do research first before entering so as not to generate more losses.
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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.
Related to altcoin trading as gambling it depends who does it and how the methods they use.
Trading futures without trading knowledge and just guessing using high leverage is called gambling, because they are just guessing with a higher risk of loss.
But regular trading in general or spot trading they will still own their altcoins.
Unless they choose shitcoin which in the end will indeed lose its value and be abandoned and just become rubbish.
Must be careful with new coins, must do research first before entering so as not to generate more losses.
I agree with this. It depends on the person, who's initiating the trade. Some people, especially newbies or those who do not have knowledge nor experience in trading are treating it as a gamble where their chance to make a profit depends on luck. Most of the time, this is done if they are hyped up due to some people flexing the profit they have in a certain coin or most of the time is on meme coins.
Compared to those who know about trading, the one who studied and charted the possible price action of the coin they plan to do the trade.
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I see more of altcoin trading as gambling, trading is actually gambling,
It's not gambling if you know what you are doing because not all altcoins are useless and tend to make you lose money. Only traders and investors making investments in shitcoins and meme coins and other similar projects that are created for the sole purpose of making their creators rich are gambling with their money, but someone who gathers enough knowledge about the market and only invests in good projects can't be considered a gambler.
So both short-term and long-term traders and investors, must do enough research before they make any investment in any cryptocurrency whether old or new because that makes them understand whether it deserves investing in or not.
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So both short-term and long-term traders and investors, must do enough research before they make any investment in any cryptocurrency whether old or new because that makes them understand whether it deserves investing in or not.
But Bitcoin and Ethereum certainly don't need research anymore, just need to see where is the right time to enter and invest for the long term.
In addition to these two coins, of course, detailed research is needed to find out how well they develop in the future.
Some of the top coins are also quite good like BNB, SOLANA, etc. which can be an option for long-term or short-term investments.
But for the short term, it is better to choose coins with high volume, which signals a fairly fast movement and that is good for short-term trading or scalping.
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Related to altcoin trading as gambling it depends who does it and how the methods they use.
Trading futures without trading knowledge and just guessing using high leverage is called gambling, because they are just guessing with a higher risk of loss.
You're right at some point, it's true that altcoin trading that's based on proper analysis as well as research and experience can actually give a productive result, but let's not also forget about the fact that even with all the analysis, the research and all the experience, it doesn't eliminate the risks of losses completely from the equation. It doesn't mean that you won't incur losses even with all the experience.
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But Bitcoin and Ethereum certainly don't need research anymore, just need to see where is the right time to enter and invest for the long term.
In addition to these two coins, of course, detailed research is needed to find out how well they develop in the future.
Some of the top coins are also quite good like BNB, SOLANA, etc. which can be an option for long-term or short-term investments.
But for the short term, it is better to choose coins with high volume, which signals a fairly fast movement and that is good for short-term trading or scalping.
Whether it's about Bitcoin, Ethereum, or any other popular cryptocurrency, research is required for first-time investors because research is not only to find out whether a project is a scam or not, but it also helps one understand the movements of a cryptocurrency and helps them decide their entry and exit points and whether they should make an investment at that exact moment or wait, etc.
Someone who is new in the market but has just heard a lot about Bitcoin shouldn't make their investment right away, it is essential for them to first gather some information about Bitcoin to at least understand it very well despite knowing how good or how popular it is.
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You're right at some point, it's true that altcoin trading that's based on proper analysis as well as research and experience can actually give a productive result, but let's not also forget about the fact that even with all the analysis, the research and all the experience, it doesn't eliminate the risks of losses completely from the equation. It doesn't mean that you won't incur losses even with all the experience.
Losses must happen to anyone, including professional traders, because the crypto market will not be 100% predicted.
There will be a sudden change in trend and all analysis will not work properly.
Even Bitcoin will also change its trend when it gets a lot of FUDs and this will affect all crypto prices.
It's good to update all the time to find out what's happening in the crypto market.
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Losses must happen to anyone, including professional traders, because the crypto market will not be 100% predicted.
There will be a sudden change in trend and all analysis will not work properly.
Even Bitcoin will also change its trend when it gets a lot of FUDs and this will affect all crypto prices.
It's good to update all the time to find out what's happening in the crypto market.
Including with the most professional trader can't predicted 100% true because many possible unpredictable with bitcoin and altcoin price. But make research has chance how to minimalize with loss and bigger chance with earn much profitable.
I think make research firstly on some coins to trade make us be careful when investing in some coins, indeed can't predicted 100% but has chance to earn profit although need few moment before coins investment reach higher price.
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Losses must happen to anyone, including professional traders, because the crypto market will not be 100% predicted.
There will be a sudden change in trend and all analysis will not work properly.
Even Bitcoin will also change its trend when it gets a lot of FUDs and this will affect all crypto prices.
It's good to update all the time to find out what's happening in the crypto market.
Including with the most professional trader can't predicted 100% true because many possible unpredictable with bitcoin and altcoin price. But make research has chance how to minimalize with loss and bigger chance with earn much profitable.
I think make research firstly on some coins to trade make us be careful when investing in some coins, indeed can't predicted 100% but has chance to earn profit although need few moment before coins investment reach higher price.
Analyzing the market and predicting the market with 100% accuracy is impossible. No matter how experienced an investor or a trader is, he can never say with 100% certainty that the market may go this way in the future. There are investors or traders who just observe the market and take an idea and based on that idea they usually trade or invest. Here is a discussion about finding good coins. There is a big difference between choosing a good coin to invest in and monitoring the market. Choosing the right coin is the first step in investing and it is a very important step because a mistake in choosing the right coin puts a lot of money at risk.
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Including with the most professional trader can't predicted 100% true because many possible unpredictable with bitcoin and altcoin price. But make research has chance how to minimalize with loss and bigger chance with earn much profitable.
I think make research firstly on some coins to trade make us be careful when investing in some coins, indeed can't predicted 100% but has chance to earn profit although need few moment before coins investment reach higher price.
Analyzing the market and predicting the market with 100% accuracy is impossible. No matter how experienced an investor or a trader is, he can never say with 100% certainty that the market may go this way in the future. There are investors or traders who just observe the market and take an idea and based on that idea they usually trade or invest. Here is a discussion about finding good coins. There is a big difference between choosing a good coin to invest in and monitoring the market. Choosing the right coin is the first step in investing and it is a very important step because a mistake in choosing the right coin puts a lot of money at risk.
With regard to the right coin, the first position is certainly highly recommended to include Bitcoin in the portfolio and top Altcoins such as ETH, BNB, SOL can be other alternatives.
But there is no need for in-depth research for the top coins that you already trust, just need to know when to enter to get a cheaper price.
But for altcoins that are still new or memecoins, detailed research is needed to find out how the progress and trust for the coin, don't get stuck on shitcoins that will only be abandoned.
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You're right at some point, it's true that altcoin trading that's based on proper analysis as well as research and experience can actually give a productive result, but let's not also forget about the fact that even with all the analysis, the research and all the experience, it doesn't eliminate the risks of losses completely from the equation. It doesn't mean that you won't incur losses even with all the experience.
Even Bitcoin will also change its trend when it gets a lot of FUDs and this will affect all crypto prices.
It's good to update all the time to find out what's happening in the crypto market.
Bitcoin is nothing compared to these altcoins, unlike every other token, Bitcoin has the potential to recover from any type of dip or fluctuations it might encounter.
And even when Bitcoin gets lots of FUDs as you say and the trend changes or it experiences a dip and it eventually affects other tokens, we can rest assured that Bitcoin will always bounce back and correct its trend overtime, as long as we continue to HODL through that temporary fluctuations.
While this may not be the case for other tokens, there are tokens that have become worthless due to its inability to recover from a DIP.
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Someone who is new in the market but has just heard a lot about Bitcoin shouldn't make their investment right away, it is essential for them to first gather some information about Bitcoin to at least understand it very well despite knowing how good or how popular it is.
A better step is to have a teacher who can guide you from basic to expert level to understand the world of cryptocurrency and investment. Self-taught self-study is clearly very time-consuming and tiring, it's different if you learn using the help of the right and experienced mentor, some opportunities such as newly released tokens might also be maximized, of course by doing analysis first.
However, it is also necessary to consider that studying with a mentor of course requires a large amount of money, because this involves financial knowledge, where everyone knows that what is being addressed is the economy, so it is natural that the price is not cheap.
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With regard to the right coin, the first position is certainly highly recommended to include Bitcoin in the portfolio and top Altcoins such as ETH, BNB, SOL can be other alternatives.
When an investor is just new and is afraid of big risks then the best thing to do is to go for top coins of the market most especially Bitcoin and Ethereum as these are proven to be solid and have been performing well. Now, with that in mind, one could not here experience x10, x100 ROI as we are not anymore in the introductory stage. In case one is not risk-averse then there are new projects including memecoins that got strong potential for monumental growth ahead but then again the risks here can also be gargantuan...and personally I consider these projects more like a gambling rather than an investment as they can die anytime due to many factors. When one would go for trading then no question top coins must be on play as they can be analyzed well by anyone willing to do so. The same thing can be said if one is planning to just HODL coins into the future. Right now, cryptocurrency industry is giving us many opportunities to earn money but can also be a way to lose our investment if we are not careful and sometimes if we are not that lucky.
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we can rest assured that Bitcoin will always bounce back and correct its trend overtime, as long as we continue to HODL through that temporary fluctuations.
While this may not be the case for other tokens, there are tokens that have become worthless due to its inability to recover from a DIP.
I am also confident about how Bitcoin will revive after the bearish trend is over,
it is only a matter of time and then reaching a bull market will make new history on Bitcoin.
All altcoins will be affected and there are indeed coins that cannot recover from their DIP price and some also recover and follow the price of bitcoin.
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I know what you mean, it's about how every person or trader's choice to choose the top coin with fluctuating profits could have reversed direction easily because top coins like ETH have many holders and the drawback is we won't get a 10x, 100x or even 1000x increase in the near term, it requires altcoins or memecoins which even it can happen when a new memecoin is launched, But that's with a higher risk of loss.
Anyone who wants to get into memecoin should be aware that losing it will be real if you are not prepared, but for those who are ready with everything and get out early they will benefit tremendously.
This is the crypto world, and anything can happen in the blink of an eye.
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I am also confident about how Bitcoin will revive after the bearish trend is over,
it is only a matter of time and then reaching a bull market will make new history on Bitcoin.
All altcoins will be affected and there are indeed coins that cannot recover from their DIP price and some also recover and follow the price of bitcoin.
Yep... we have just witnessed the Bitcoin bearish market reaching $57k in the last few weeks, but I think that is over and I am still optimistic about Bitcoin's movement which will prepare to welcome a bullish moment in the near future. That's what happened in the previous halving, where the price of Bitcoin experienced a dump shortly after the halving moment occurred... but in the following few weeks, if the cycle were to repeat itself, there would be a bull run moment for quite a long time... we'll see in reality , because it won't be long now.
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Is just remaining few days before the upcoming bitcoin halving, and base on the previous halvings that have occurs.
it already occur and we are still waiting for the positive effect because it seems that still failing to reach the top.
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.
ponzi time have passed , there are very few stupid and fool people that become their victims thanks to bitcointalk forum.
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.
never invest in a project the promised heaven and earth , and never invest to a project that you did not dig deeper.
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Yep... we have just witnessed the Bitcoin bearish market reaching $57k in the last few weeks, but I think that is over and I am still optimistic about Bitcoin's movement which will prepare to welcome a bullish moment in the near future. That's what happened in the previous halving, where the price of Bitcoin experienced a dump shortly after the halving moment occurred... but in the following few weeks, if the cycle were to repeat itself, there would be a bull run moment for quite a long time... we'll see in reality , because it won't be long now.
We don't know exactly, the bull run can start tomorrow or next year, all we can do is speculate and make predictions based on the current situations and market prices. When Bitcoin reached $57k, that was a strong correction, I wouldn't call it a bearish market because when we are in a bearish market, the market doesn't tend to start recovering this soon and it will probably go way lower than that.
So we saw a correction, a strong one, and that is completely normal because the market is volatile and if we expect the prices to go up, we should bear them coming down as well, so such dips and corrections every now and then keep the market alive and keep it fun and entertaining.
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If you're not well informed about a particular coin, then don't try to make an investment on such because you will not have bearing to the direction of where you're going together with the investment you have made, but when we made the necessary research about a particular coin to invest on, we are not likely to fall in hands of the scam or shitcoins which may fail along the way.
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but in the following few weeks, if the cycle were to repeat itself, there would be a bull run moment for quite a long time... we'll see in reality , because it won't be long now.
Hopefully it will happen soon, all we can do right now when prices are still quite cheap and still bearish is to rebuy to accumulate our Bitcoin holdings or some top altcoins.
Making good use of this opportunity will give you tremendous profits when the bull run arrives.
Do not let it be regretful as in the previous cycle.
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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.
ponzi time have passed , there are very few stupid and fool people that become their victims thanks to bitcointalk forum.
I always believe for a very long time that investors will become more intelligent as time goes by. As many people experienced getting scammed, they will share it to other people and to newbies out there so that they will know what to avoid. I agree with you that the "Ponzi Scheme" way of scamming investors has been long gone (or if there are still, it isn't as successful as it was years ago). Now the scammers are finding other ways to scam investors again.
I will always thank the Bitcointalk forum, and YouTube as well for giving me advices, tips and guides on how to avoid these scam attempts. It's good that we need to share it to other people here in this forum as well. :)
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.
Sometimes, doing proper research doesn't mean that you will not get scammed.
Sometimes, just using your common sense is enough for you to avoid these scam attempts.
To lessen the chances of getting scammed, just focus on the top coin or if you really want to put your risk to near zero, just focus on Bitcoin. Just learn how to buy, and store it and you're good to go.
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we can rest assured that Bitcoin will always bounce back and correct its trend overtime, as long as we continue to HODL through that temporary fluctuations.
While this may not be the case for other tokens, there are tokens that have become worthless due to its inability to recover from a DIP.
I am also confident about how Bitcoin will revive after the bearish trend is over,
it is only a matter of time and then reaching a bull market will make new history on Bitcoin.
All altcoins will be affected and there are indeed coins that cannot recover from their DIP price and some also recover and follow the price of bitcoin.
Most certainly, Bitcoin has always shown tremendous recovery, judging from its previous cycles.
Although, while it's true that past performances can never guarantee future outcomes when it comes to cryptocurrency, we are also very certain because lots of facts proves that this bearish trend is only but a recuperation period for bitcoin, to prepare for the upcoming bull run, so that people can also get the opportunity to start buying low right now.
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Sometimes, doing proper research doesn't mean that you will not get scammed.
Sometimes, just using your common sense is enough for you to avoid these scam attempts.
To lessen the chances of getting scammed, just focus on the top coin or if you really want to put your risk to near zero, just focus on Bitcoin. Just learn how to buy, and store it and you're good to go.
Exactly, we should focus on the top coin . Alot of people have messed up alot due to greed , they always want to make it fast , which we all know things don't work that way . Inorder to make it in this space one need to be patient and to be persistent with what he or she do . Because having the mindset of wanting to make it fast may only lead to one investing on the wrong project, because is not all projects that are hyped worth the hyping that's why we should always do our own research always. ;)
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Yes it could be happen, Because everything is possible in cryptocurrency market. If Bitcoin move again previous circle i will not be surprised. So everyone should be careful about his investment. But i think after some down bitcoin will pump and it will hit new ATH and soon we will see Bitcoin price touch $100k. And i am waiting for that.
But i am telling again everything is possible in cryptocurrency market. So we should careful and we have to invest and trade carefully.
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Yes it could be happen, Because everything is possible in cryptocurrency market. If Bitcoin move again previous circle i will not be surprised. So everyone should be careful about his investment. But i think after some down bitcoin will pump and it will hit new ATH and soon we will see Bitcoin price touch $100k. And i am waiting for that.
But i am telling again everything is possible in cryptocurrency market. So we should careful and we have to invest and trade carefully.
Most definitely, this is only a recuperation period for BTC, and after the recuperation period is over, there'll be another Bull run, following the effect of the just concluded halving.
I know that a lot of investors have already lost hope in bitcoin, following the unending bearish trend that has just hit the market because they were expecting the market to be on a steady green after the halving, but they fail to realize that even in the previous cycles, it took quite some time before market entered a bull run after the halving.
Although I don't know for sure if the next bull run would send bitcoin to 100k, but there's been lots of speculations and like you said, the crypto market is so unpredictable and volatile, so it'll be impossible to predict exactly what would will happen in the future, but it'll indeed be a good thimg for investors if bitcoin could set such a historical standard.
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Yes it could be happen, Because everything is possible in cryptocurrency market. If Bitcoin move again previous circle i will not be surprised. So everyone should be careful about his investment. But i think after some down bitcoin will pump and it will hit new ATH and soon we will see Bitcoin price touch $100k. And i am waiting for that.
But i am telling again everything is possible in cryptocurrency market. So we should careful and we have to invest and trade carefully.
I have no doubt that BTC will reach $100K in this cycle, I just don't know how crazy the crypto market will be at that time. In the past few months, we have witnessed the launch of hundreds of thousands of memecoins, each day we have new projects to research and analyze. I can assure that 99% of these new tokens and most of the projects on Coinmarketcap have no value for users and the crypto market future.
We have many good projects with potential solutions, reputable teams, reasonable tokenomics, large investment funds... Investors do not need to find and try to invest in a non-transparent project created in a hurry during a bullrun because the crypto market is not a casino worth $T. Therefore, I hope that new investors should focus on projects that have been fully evaluated, have tokens listed on reputable CEXs and have good liquidity. Stay away from new tokens if you don't have enough time to learn about them!
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Yes it could be happen, Because everything is possible in cryptocurrency market. If Bitcoin move again previous circle i will not be surprised. So everyone should be careful about his investment. But i think after some down bitcoin will pump and it will hit new ATH and soon we will see Bitcoin price touch $100k. And i am waiting for that.
But i am telling again everything is possible in cryptocurrency market. So we should careful and we have to invest and trade carefully.
The market can change drastically in a moment and the impossible can become possible here so one should use one's skills here as well as definitely use reliable coins for investing or trading. If we rely on the market's bitcoins instead of the coins that the market trusts, we will lose our money. We have seen cases before where a coin touched $500 to $700 and suddenly that coin became a scam and the market value of that coin completely disappeared from the market. It was an impossible thing to catch but it happened so we have to be careful and always have reliable coins on the list of favorites.
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Yes it could be happen, Because everything is possible in cryptocurrency market. If Bitcoin move again previous circle i will not be surprised. So everyone should be careful about his investment. But i think after some down bitcoin will pump and it will hit new ATH and soon we will see Bitcoin price touch $100k. And i am waiting for that.
But i am telling again everything is possible in cryptocurrency market. So we should careful and we have to invest and trade carefully.
I have no doubt that BTC will reach $100K in this cycle, I just don't know how crazy the crypto market will be at that time. In the past few months, we have witnessed the launch of hundreds of thousands of memecoins, each day we have new projects to research and analyze. I can assure that 99% of these new tokens and most of the projects on Coinmarketcap have no value for users and the crypto market future.
That's a reasonable price for Bitcoin to $100K because looking at the previous history of ATH after the halving there was a spike afterwards but taking $100K is a reasonable price even though I know it will probably be more than $100K.
When the bullrun comes, there will be many projects that come to the exchange and CMC because of the hype that is happening they will only take short-term profits so I don't dare to invest too long in new projects, when the bullish period is over, usually tokens like this will drop dramatically.
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But i am telling again everything is possible in cryptocurrency market. So we should careful and we have to invest and trade carefully.
Thanks for the heads-up. That might help 1 or 2 newbies here.
Everything is possible, and we've seen it already. Heck, there's even a chance that we might not see Bitcoin's price reaching $100,000 on the next bull run. :D While I'm optimistic that it will happen, there's still a chance that it might not happen for some reasons. Nevertheless, we should invest at our own risk, and if you're a newbie, don't trade at all unless you're ready to lose your money in your first try because that's always what happens.
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That's a reasonable price for Bitcoin to $100K because looking at the previous history of ATH after the halving there was a spike afterwards but taking $100K is a reasonable price even though I know it will probably be more than $100K.
When the bullrun comes, there will be many projects that come to the exchange and CMC because of the hype that is happening they will only take short-term profits so I don't dare to invest too long in new projects, when the bullish period is over, usually tokens like this will drop dramatically.
Most of them take hype moment awhile by short term profit taking, I think many new comer or project come to market when bullrun moment and then selling their assets after raising higher without too much expected for bitcoin reach more than $100k. I think every personal or institution get difference way for investing in bitcoin, most of them interested with short term and take hype moment when bitcoin on bullrun position.
I don't think its wrong because they will buy back later when bitcoin has lower price and repeat their investment way how to increasing profitable in short term.
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That's a reasonable price for Bitcoin to $100K because looking at the previous history of ATH after the halving there was a spike afterwards but taking $100K is a reasonable price even though I know it will probably be more than $100K.
When the bullrun comes, there will be many projects that come to the exchange and CMC because of the hype that is happening they will only take short-term profits so I don't dare to invest too long in new projects, when the bullish period is over, usually tokens like this will drop dramatically.
Most of them take hype moment awhile by short term profit taking, I think many new comer or project come to market when bullrun moment and then selling their assets after raising higher without too much expected for bitcoin reach more than $100k. I think every personal or institution get difference way for investing in bitcoin, most of them interested with short term and take hype moment when bitcoin on bullrun position.
I don't think its wrong because they will buy back later when bitcoin has lower price and repeat their investment way how to increasing profitable in short term.
Yes, we just take advantage of the bullrun moment later when the price is high, I will release my ownership to the market to sell and then buy again after entering the bearish and accumulate again for more than a year, which is usually what we do.
If there are people who invest long term through several cycles then that's great but I won't be strong especially when the price is more than $100K then I'll take advantage of it without thinking anymore.
For new projects, this is the right moment for the short term, but we have to do extra analysis on which new projects have potential.
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Be careful of the coin you invest on.
So true. One should be careful about the type of coin they invest so that they won't fall victim to scams because the number of scams that exist in the crypto space is increasing by the day and they all come up with different methods of how to scam people of their money.
To stay clear of this, one should invest in known coins like bitcoin, or other top coins.
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Be careful of the coin you invest on.
So true. One should be careful about the type of coin they invest so that they won't fall victim to scams because the number of scams that exist in the crypto space is increasing by the day and they all come up with different methods of how to scam people of their money.
To stay clear of this, one should invest in known coins like bitcoin, or other top coins.
Those who are investors should be careful about this because you alone cannot warn all investors about this. The money risk involved in investing is money risk but the investor has to take it entirely so if the investor invests without checking the right coins before investing then he can definitely get cheated. We should not be in a hurry at all because any decision we make in haste will surely be wrong so to take the right decision we need to wait and do proper vetting so that we can hold by buying the right coin.
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Be careful of the coin you invest on.
So true. One should be careful about the type of coin they invest so that they won't fall victim to scams because the number of scams that exist in the crypto space is increasing by the day and they all come up with different methods of how to scam people of their money.
To stay clear of this, one should invest in known coins like bitcoin, or other top coins.
Exactly as cryptocurrencies are gaining more recognition, that's how the numbers of scams that relate to this space are increasing too. So those of us we have to work our ass off before earning, should be careful of the way we invest those hard earned funds. Because alot of scammers are at there , that are finding all means to get one hard earn money.
Like a friend of mine he said he Invested on a certain project, hoping for something big but at the end the project run with alot of people money even his . So avoid that from happening to us we have to be cautious.
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When it comes to cryptocurrency investment we should be very careful on what coin to buy and not to buy, one can lose all his money if he or she invests on the wrong coin, I lost a lot when I started my investment journey and that is why I advise and I choose only few coin I invest in my First choice should be Bitcoin the king of all digital currencies and after that Ethereum which will be going to make some crazy history according to analysis in this Bull run many of the investors are very bullish on Ethereum and many wish to buy it at the current time zone irrespective to the price. Besides that if we talk about the Solana Ecosystem which is also a very strong project and I have seen it at the price when I was trading on $40. If I had bought it at that time I may have made over 2x Profit haha but I did not buy it maybe due to my laziness or some other issues.
Well, Dear in my case I want to Buy Ethereum but I don't know why or what I am waiting for maybe I am waiting for some kind of correction to occur in the market and that seems me difficult for now as Ethereum is already very bullish and sitting at a high price. These projects you aforementioned are really well growing we will experience a good pump in them in the comming time.
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Exactly as cryptocurrencies are gaining more recognition, that's how the numbers of scams that relate to this space are increasing too. So those of us we have to work our ass off before earning, should be careful of the way we invest those hard earned funds. Because alot of scammers are at there , that are finding all means to get one hard earn money.
Like a friend of mine he said he Invested on a certain project, hoping for something big but at the end the project run with alot of people money even his . So avoid that from happening to us we have to be cautious.
Fraud in the crypto world will always exist because the crypto space is still very vulnerable and many people also lack concern about security. Making payments in advance without knowing what will be done with the money paid, is a big mistake that should not happen easily. Buying coins or tokens is normal in the crypto world, but buying coins and being promised a profit is a little suspicious.
Education about the dangers of fraud should be understood by all potential investors, because we will never know where, when and where this danger comes from. Projects that are abandoned by their owners can be used as valuable lessons for all of us to understand how fraud itself works.
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Fraud in the crypto world will always exist because the crypto space is still very vulnerable and many people also lack concern about security. Making payments in advance without knowing what will be done with the money paid, is a big mistake that should not happen easily. Buying coins or tokens is normal in the crypto world, but buying coins and being promised a profit is a little suspicious.
This used to be the order of the day in the crypto world, especially when it has to do with buying and selling of crypto, naive investors were tricked into sending their bitcoin first before they can receive their money, or to send in their money first before they can receive their Bitcoin, and this has been used to defraud so many naive investors, and even those who have somewhat knowledge of Bitcoin and the crypto world, Hence the introduction of escrows and p2p services, but even im face of these services set to enhance the security of one's assets, people are still being manipulated and scammed of their hard earned money.
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If bitcoin halves, altcoins in the crypto market will fall drastically because only the altcoins market can follow the price of bitcoin and raise its hype. However from your point if you invest in haste it can reflect loss and in most cases it is not possible to get rich by investing in haste. Different coins and activities of their development organizations are available in this crypto market. So you have to have a lot of experience in everything else you will never get a good project. There are many projects that die after successfully entering the exchange market so do proper research before jumping into any kind of investment.
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If bitcoin halves, altcoins in the crypto market will fall drastically because only the altcoins market can follow the price of bitcoin and raise its hype. However from your point if you invest in haste it can reflect loss and in most cases it is not possible to get rich by investing in haste. Different coins and activities of their development organizations are available in this crypto market. So you have to have a lot of experience in everything else you will never get a good project. There are many projects that die after successfully entering the exchange market so do proper research before jumping into any kind of investment.
many people got disappointed in this year halving because they're miscalculation about the halving for them to invest. And after the halving it becomes difficult for people to know the time to invest. Because they thought before the halving the market would come down to $20k or below but it wasn't. And the altcoins became stagnant and some of them were having some challenges so to invest was the problem so most people who were interested to invest at that time forfeit the interest to invest. Cryptocurrency is unpredictable so when you make research before investing too. The best is always know when to buy and when not to buy.
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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
I totally agree. Engaging with cryptocurrency inherently involves significant risks, so conducting thorough research is essential.
Everyone should be encouraged to do prior research before investing time or money. You can choose your own red flags and green lights, but here are a few helpful personal timps. To help identify reputable projects I'm using my personal system I call RIPPER for remembering it more easily. Currently, I’m participating in the Prom Testnet Campaign, and I'll use this example to explain how RIPPER functions.
1. Reputation: Examining a project's background and team involvement is crucial. For example, a newly created Twitter account could be a red flag. Prom Network, however, has been active on Twitter since 2020 and has its token listed on Binance, indicating a more established presence.
2. Investors: Identifying a project's backers is important. Prom Network is supported by DWF Labs, a well-regarded market maker, which reduces the likelihood of fraudulent activity.
3. Platform: The platforms used for project-related activities matter. Prom Network uses Zealy for its campaigns, a platform known for its partnerships with reputable projects, which increases my confidence.
4. People: A project with an active and knowledgeable community is promising. Prom's community is highly engaged, with members contributing valuable content on Medium and Reddit, which builds trust in the project.
5. Explicit Requirements: Clear understanding of rewards eligibility criteria is vital. Prom provides a transparent dashboard that tracks and calculates points for completed tasks, ensuring fairness and clarity.
6. Resources: Be cautious with testnets requiring significant financial commitments. Prom Testnet tasks are completed using free test tokens distributed daily from a faucet, eliminating the need for monetary investment over the past month.
I hope this explanation of my RIPPER system clarifies my decision-making process and helps you in your own research efforts.
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If bitcoin halves, altcoins in the crypto market will fall drastically because only the altcoins market can follow the price of bitcoin and raise its hype. However from your point if you invest in haste it can reflect loss and in most cases it is not possible to get rich by investing in haste. Different coins and activities of their development organizations are available in this crypto market. So you have to have a lot of experience in everything else you will never get a good project. There are many projects that die after successfully entering the exchange market so do proper research before jumping into any kind of investment.
Filling your bag with variety of shitcoins doesn't increase your chances of becoming rich or gaining profit from cryptocurrency, on the contrary, it increases your chances of losses, this is because, investing in several tokens without having adequate knowledge of what those tokens are all about only means that you're gambling, and not even knowing whether the tokens you've bought are in their dumping stage, which means even more losses.
The best approach is to first conduct proper and extensive research about the investment you plan to get involved with before indulging yourself, and then discover the best approaches to use in order to mitigate losses and maximize profit.
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Big yes, it is important to do research before investing in a project to avoid scams. we encourage those who are new to crypto to do your own research, don't jump right into a project that you don't know if it's legit
All types of investments have risks because scammers are everywhere. Since crypto is decentralized, scammers attack more because it is almost impossible to find out the personal details of the fraudster. So one should be very careful while investing in crypto to avoid falling prey to scams. One of the fun things about investing in crypto is that it offers higher profits than other sectors and that too in a shorter period of time. And crypto has a freedom that other fields don't have. However, due to the large number of scammers here, you have to be very careful.
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Filling your bag with variety of shitcoins doesn't increase your chances of becoming rich or gaining profit from cryptocurrency, on the contrary, it increases your chances of losses, this is because, investing in several tokens without having adequate knowledge of what those tokens are all about only means that you're gambling, and not even knowing whether the tokens you've bought are in their dumping stage, which means even more losses.
The best approach is to first conduct proper and extensive research about the investment you plan to get involved with before indulging yourself, and then discover the best approaches to use in order to mitigate losses and maximize profit.
Put egg on several bracket has opportunity to earn much profitable the same with cryptocurrency or investing in shit coins, filling our bag by several kinds of meme or shit coin give us large opportunity to earn much profitable during investing when lower MC cap and selling later after raising to higher price without greedy keep hold it for longer time.
Make research when filling bad with varieties kinds of shit coins and filter which one most worth for investing with shitcoin, not all shitcoins has opportunity to earn much profitable exactly has pre sale moment make developer run away after success pre sale period.
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All types of investments have risks because scammers are everywhere. Since crypto is decentralized, scammers attack more because it is almost impossible to find out the personal details of the fraudster. So one should be very careful while investing in crypto to avoid falling prey to scams. One of the fun things about investing in crypto is that it offers higher profits than other sectors and that too in a shorter period of time. And crypto has a freedom that other fields don't have. However, due to the large number of scammers here, you have to be very careful.
Then how you will say about the FTX incident, Luna incidents , OneCoin ? These are one of the biggest scams in cryptocurrency even if you don't call them scam you have to agree with me that people made huge loss from these. So investment are highly risk what ever you want to do.
I will say always avoid the new projects for high investment and also those that are created on hype and trend. So be careful about the coin you want to invest on also the platform what you are going to use.
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All types of investments have risks because scammers are everywhere. Since crypto is decentralized, scammers attack more because it is almost impossible to find out the personal details of the fraudster. So one should be very careful while investing in crypto to avoid falling prey to scams.
Of course, there is no investment that has no risk. Even we invest in gold and land, they also have the risks. However, crypto investment has higher risks because it is decentralized and no institution has the power to control it. When we got scams, there is no way to recover our funds because we have no way to identify the scammers. Sure, we must be very careful because we have the responsibility to our own investment.
One of the fun things about investing in crypto is that it offers higher profits than other sectors and that too in a shorter period of time. And crypto has a freedom that other fields don't have. However, due to the large number of scammers here, you have to be very careful.
Indeed. Crypto investment offers higher profits than any other investments. If we know how to get maximum profits from crypto, crypto gives us a very big opportunity. But it is not easy to take the advantage from crypto, we must know well the nature of crypto. That's why knowledge and experience are very crucial and have main roles in crypto space.
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All types of investments have risks because scammers are everywhere. Since crypto is decentralized, scammers attack more because it is almost impossible to find out the personal details of the fraudster. So one should be very careful while investing in crypto to avoid falling prey to scams. One of the fun things about investing in crypto is that it offers higher profits than other sectors and that too in a shorter period of time. And crypto has a freedom that other fields don't have. However, due to the large number of scammers here, you have to be very careful.
Then how you will say about the FTX incident, Luna incidents , OneCoin ? These are one of the biggest scams in cryptocurrency even if you don't call them scam you have to agree with me that people made huge loss from these. So investment are highly risk what ever you want to do.
I will say always avoid the new projects for high investment and also those that are created on hype and trend. So be careful about the coin you want to invest on also the platform what you are going to use.
New coins should be avoided in order not to run at loss because most of them will not survive the market for long, because they were created to scam people of their hard earned money. Currently that the bull run is around the corner, I have seen a lot of new project coming out and they will deceive people that as bitcoin price is increasing gradually since onset is how the value of the coins will increase. A friend of mine came to me today and told me fake reasons why bitcoin price is the way it is. He said that because of the Ton network and the new coins that are created using the network, so a lot of people are abandoning bitcoin for it. I told him that it is a lie and the price of bitcoin is still moving as expected.
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Big yes, it is important to do research before investing in a project to avoid scams. we encourage those who are new to crypto to do your own research, don't jump right into a project that you don't know if it's legit
All types of investments have risks because scammers are everywhere. Since crypto is decentralized, scammers attack more because it is almost impossible to find out the personal details of the fraudster. So one should be very careful while investing in crypto to avoid falling prey to scams. One of the fun things about investing in crypto is that it offers higher profits than other sectors and that too in a shorter period of time. And crypto has a freedom that other fields don't have. However, due to the large number of scammers here, you have to be very careful.
Yes i am also think all kinds of Investment in cryptocurrency are very risk. Because we are not expert on online but scammers are very expert on it. So it is very easy to scam woth us. So we have to more careful about it. We have to avoid any kinds ok fishing link and we have to more justify when we will connect our wallet any where. Otherwise we will loss our fill fund by scammer. So we jave to more and more careful to invest otherwise we will be losser.
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Yes i am also think all kinds of Investment in cryptocurrency are very risk. Because we are not expert on online but scammers are very expert on it. So it is very easy to scam woth us. So we have to more careful about it. We have to avoid any kinds ok fishing link and we have to more justify when we will connect our wallet any where. Otherwise we will loss our fill fund by scammer. So we jave to more and more careful to invest otherwise we will be losser.
In this cases I will say if you are not expert on online and don't know about anything of analysis then I think it's better for you don't make any investment before learning the the at least analysis. And always avoid the new project for investment if you don't know analysis and can't make any different on a legit project and the scam project. Choose bitcoint for long-term investment if you don't loose you fund.
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Be careful of the coin you invest on.
Ah, this is absolutely true. Because I personally have a lot of altcoins that I got this season and the previous bull season. Sometimes I feel confused about how to invest, because I haven't found a portfolio of applications that can help me manage all the altcoins that I have. Yes, although I don't expect too much with all those altcoins. But at least, I hope everything can be sold so that my wallet is clean enough this time. Ha ha ha
Because, taking profits in bullish is quite risky, it could be too early but it could mean we are too greedy and in the end miss the moment to take profits. This is what we have to do, namely manage our assets well. So there is no longer a word for being too late because you are too greedy or panic selling because prices are going up too fast. Pay attention to the market and manage our assets wisely.
By next year, during the bull run, many people's fate will be tested on the altcoin investment they made. Whether to withdraw their profits on time, or wait a little longer before they can. By so doing, many people would be caught wrongly and they ended up not selling at the right time they expected to due to they were being greedy thinking that the altcoin they held in their portfolio would do more increments of price, which they never did
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Yes i am also think all kinds of Investment in cryptocurrency are very risk. Because we are not expert on online but scammers are very expert on it. So it is very easy to scam woth us. So we have to more careful about it. We have to avoid any kinds ok fishing link and we have to more justify when we will connect our wallet any where. Otherwise we will loss our fill fund by scammer. So we jave to more and more careful to invest otherwise we will be losser.
In this cases I will say if you are not expert on online and don't know about anything of analysis then I think it's better for you don't make any investment before learning the the at least analysis. And always avoid the new project for investment if you don't know analysis and can't make any different on a legit project and the scam project. Choose bitcoint for long-term investment if you don't loose you fund.
Maybe you are not an expert at analyzing, so avoid trading because if you make a mistake in analyzing, you will experience losses that may not be desirable, but if you invest in potential altcoins, you can be sure that they will be safe.
I agree not to invest in new coins or new projects because it is very vulnerable to being scammed at times like this, unless you are able to analyze investing well first.
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New coins should be avoided in order not to run at loss because most of them will not survive the market for long, because they were created to scam people of their hard earned money. Currently that the bull run is around the corner, I have seen a lot of new project coming out and they will deceive people that as bitcoin price is increasing gradually since onset is how the value of the coins will increase. A friend of mine came to me today and told me fake reasons why bitcoin price is the way it is.
This is quite true...the risk in investing with new coins or tokens can be so high all because there is no assurance that they will really make it in this very competitive market. However, we should note that if a person is not afraid of risks and has the money to play in the market, new coins got the potential where people can experience the x100 or even x1000 ROI as old coins will not be able to grow and be profitable that way though they are already more stable. And I think this is the reason why many people still continue to invest even lousy projects because they are hoping they will strike the GOLDMINE they are looking for. Surely, this is not for people who are just new and have not yet learned the ins and outs of the market. Avoiding loss is impossible but losses can be recovered even just one project that will really shine and will skyrocket in value.
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This is quite true...the risk in investing with new coins or tokens can be so high all because there is no assurance that they will really make it in this very competitive market. However, we should note that if a person is not afraid of risks and has the money to play in the market, new coins got the potential where people can experience the x100 or even x1000 ROI as old coins will not be able to grow and be profitable that way though they are already more stable. And I think this is the reason why many people still continue to invest even lousy projects because they are hoping they will strike the GOLDMINE they are looking for. Surely, this is not for people who are just new and have not yet learned the ins and outs of the market. Avoiding loss is impossible but losses can be recovered even just one project that will really shine and will skyrocket in value.
There are many new projects claiming they're this or they're that. But I'd like to say "all are not good and all are not that bad too." We've filter out bad one and choose good ones from them. As you said, yeah new one and legit one with good team/devs can have huge potential yielding its investor with huge profits as new project still have many more space to expand whereas old ones are already got saturated or stable. So it is like "choose wisely, Take risk, wait sometime, collect profit/reward".
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This is quite true...the risk in investing with new coins or tokens can be so high all because there is no assurance that they will really make it in this very competitive market. However, we should note that if a person is not afraid of risks and has the money to play in the market, new coins got the potential where people can experience the x100 or even x1000 ROI as old coins will not be able to grow and be profitable that way though they are already more stable. And I think this is the reason why many people still continue to invest even lousy projects because they are hoping they will strike the GOLDMINE they are looking for. Surely, this is not for people who are just new and have not yet learned the ins and outs of the market. Avoiding loss is impossible but losses can be recovered even just one project that will really shine and will skyrocket in value.
There are many new projects claiming they're this or they're that. But I'd like to say "all are not good and all are not that bad too." We've filter out bad one and choose good ones from them. As you said, yeah new one and legit one with good team/devs can have huge potential yielding its investor with huge profits as new project still have many more space to expand whereas old ones are already got saturated or stable. So it is like "choose wisely, Take risk, wait sometime, collect profit/reward".
Wherever and whatever they do, they will say they are the best and no one wants to say the worst. Moreover, with new projects they will always say that they are the best and not the worst. But the fact is that many are bad and only a few can perform better, so it is always wise to anticipate what you want to do with all new projects.
The new ones clearly want to give their best, but are they ready with the #DevelopmentTeam ? Of course, it's not easy even though they always offer the promise of something more than the old one, but when it comes to development, the old and potential ones are guaranteed to be trustworthy in their development.
It remains to always choose wisely. CMIIW
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Maybe you are not an expert at analyzing, so avoid trading because if you make a mistake in analyzing, you will experience losses that may not be desirable, but if you invest in potential altcoins, you can be sure that they will be safe.
I agree not to invest in new coins or new projects because it is very vulnerable to being scammed at times like this, unless you are able to analyze investing well first.
Ops, your guess is right. How do you know that I am not expert on analyzing, but I have at least know about to do the invest in bitcoin for long-term and as we know bitcoin is not the new project or cryptocurrency so I make DCA method on it and invest in regular basis on it and I also get some profit in this pump but I won't gonna sell this I'm waiting for the final bull season right now for selling my bitcoin.
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Ops, your guess is right. How do you know that I am not expert on analyzing, but I have at least know about to do the invest in bitcoin for long-term and as we know bitcoin is not the new project or cryptocurrency so I make DCA method on it and invest in regular basis on it and I also get some profit in this pump but I won't gonna sell this I'm waiting for the final bull season right now for selling my bitcoin.
Even though you are not an expert in analytical skills, it is a science that must be learned and must know the basics of how the market works, how technical and fundamental analysis affects the market. Because if you don't know the basic science, you enter gambling without knowing what to do other than just buying and selling.
Holders need good trading knowledge to be able to know where to enter and where to sell.
In fact, it will also train their psychological skills, because it is very difficult to hone psychological skills without real practice.
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Even though you are not an expert in analytical skills, it is a science that must be learned and must know the basics of how the market works, how technical and fundamental analysis affects the market. Because if you don't know the basic science, you enter gambling without knowing what to do other than just buying and selling.
Holders need good trading knowledge to be able to know where to enter and where to sell.
In fact, it will also train their psychological skills, because it is very difficult to hone psychological skills without real practice.
Long term holder seems not required with good knowledge just understood with potential coins for long term holding, most required for long term holder how most patience waiting for their investment assets increasing to higher price.
Difference with trader or holder have good knowledge but lack patience waiting their assets increasing drastically will earn small profitable than trader get more patience waiting for long term holding although their knowledge just enough for researching few coins only.
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Yes every investors need to justify before invest in cryptocurrency. Because investment on cryptocurrency is very risky sometimes. If anyone buy some bad coin then he will be losser there has no doubt. So to buy any new or old coin we have to be more careful about it. We saw some new coin increase 3x,4x etc. But without justify if anyone buy is there will be big chance to lose from that. So we have to more careful about invest .
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Even though you are not an expert in analytical skills, it is a science that must be learned and must know the basics of how the market works, how technical and fundamental analysis affects the market. Because if you don't know the basic science, you enter gambling without knowing what to do other than just buying and selling.
Holders need good trading knowledge to be able to know where to enter and where to sell.
In fact, it will also train their psychological skills, because it is very difficult to hone psychological skills without real practice.
I can't agree with your opinion because if the trader going to invest in for long term holding on Bitcoin then there is no need expertise in analysis but it will be good for him to make more profit.
For long term trading I think anyone can do with having the some fundamental general knowledge about trading and the past history of Bitcoin prices. otherwise, it was really easy work like if you do DCA then just continue your investment on after certain time.
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I can't agree with your opinion because if the trader going to invest in for long term holding on Bitcoin then there is no need expertise in analysis but it will be good for him to make more profit.
For long term trading I think anyone can do with having the some fundamental general knowledge about trading and the past history of Bitcoin prices. otherwise, it was really easy work like if you do DCA then just continue your investment on after certain time.
Is that true, it doesn't require expertise in analysis or anything?
Maybe if you talk about analysis, it looks quite technical, but the analysis I mean is not only technical, but various crypto knowledge with basic knowledge must be owned by anyone who wants to enter and invest in crypto.
If they enter without knowledge just want to buy and hold without knowing when they should sell and with a mental state that is not sufficiently trained, they will only panic in the end.
Maybe some people just buy it and forget about it, they have a lot of money or even just try, but don't know what to do next.
However knowledge is necessary, don't just boast of ignorance but gain profits, it's just luck that will eventually be lost.
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If one is newbie to the crypto space, he/she should learn the basics and start from the spot holding, where bitcoin is my first priority, rather than doing trading at the beginning stage, as trading has high risk to the newbie portfolio in this case, if luck d not come at his side, he can lose his funds, or if luck comes at his side, he can earn profit as well. Well, dear One should Focus on getting good knowledge first, then start to take title risk according to his bearance. i mean, he only should take risk with those funds he can bear in form of losses, right? What do you say?
On the same side, with your second point, many new projects launch in the bull market because the market sentiments are good at that time, and they try to make good value of their newly launched projects where investors can generate a good amount of profit out of the market. That's why many projects wait for the bull season so that they launch their project. DYOR!
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Is that true, it doesn't require expertise in analysis or anything?
Maybe if you talk about analysis, it looks quite technical, but the analysis I mean is not only technical, but various crypto knowledge with basic knowledge must be owned by anyone who wants to enter and invest in crypto.
If they enter without knowledge just want to buy and hold without knowing when they should sell and with a mental state that is not sufficiently trained, they will only panic in the end.
Maybe some people just buy it and forget about it, they have a lot of money or even just try, but don't know what to do next.
However knowledge is necessary, don't just boast of ignorance but gain profits, it's just luck that will eventually be lost.
Actually I want to also agree with your opinion. But what I mean is that if someone invests in Bitcoin for long-term trading, then if he has some basic knowledge such as what is Bitcoin halving and how does the halving affect the market after that, also the history of Bitcoin's previous halving and bull-run. If you know these things, and if you invest in dca method in the long term, I think it is possible to get profit. Apart from technical analysis and more in-depth knowledge, it is possible to gain profit in this field. And I will also say that the more knowledge a trader has, the more likely his profit and success rate will be.
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Is that true, it doesn't require expertise in analysis or anything?
Maybe if you talk about analysis, it looks quite technical, but the analysis I mean is not only technical, but various crypto knowledge with basic knowledge must be owned by anyone who wants to enter and invest in crypto.
If they enter without knowledge just want to buy and hold without knowing when they should sell and with a mental state that is not sufficiently trained, they will only panic in the end.
Maybe some people just buy it and forget about it, they have a lot of money or even just try, but don't know what to do next.
However knowledge is necessary, don't just boast of ignorance but gain profits, it's just luck that will eventually be lost.
Actually I want to also agree with your opinion. But what I mean is that if someone invests in Bitcoin for long-term trading, then if he has some basic knowledge such as what is Bitcoin halving and how does the halving affect the market after that, also the history of Bitcoin's previous halving and bull-run. If you know these things, and if you invest in dca method in the long term, I think it is possible to get profit. Apart from technical analysis and more in-depth knowledge, it is possible to gain profit in this field. And I will also say that the more knowledge a trader has, the more likely his profit and success rate will be.
Right, at least the basic might be enough for long term holder. Or at least how to protect their wallet and the security practice is also very important. But if you are not going to trade, and would rather used DCA, and look for the long term perspective, then yeah, no need to be that technical in reading graphs.
And that is the beauty of Bitcoin, there could be some of us here who started to think that trading is easy, but then again fight it the hard way and so doesn't want to complicated things and so they just become to accumulate and HODL and just try to timing the market in the bull run to sell. And you can still make a ton of profits, especially if you start to accumulate during the bear market.
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Yes every investors need to justify before invest in cryptocurrency. Because investment on cryptocurrency is very risky sometimes. If anyone buy some bad coin then he will be losser there has no doubt. So to buy any new or old coin we have to be more careful about it. We saw some new coin increase 3x,4x etc. But without justify if anyone buy is there will be big chance to lose from that. So we have to more careful about invest .
Risk management is very important in the crypto industry so we need to be careful while investing. And in my opinion, one should not put all his/her portfolio only into the single project, as doing this can lead to big losses as well. we should diversify our portfolio into different projects but my first priority will be bitcoin. and investing in other projects need good research but the one who investing without doing any research is obviously taking high risk
It is a very tricky part to find a good project out of the giant crypto industry, but in my opinion, old projects are better because they have a strong ecosystem, use case, and fundamentals, but some of the old projects are not good as well. what do you think of it? Must share your opinion as new projects are not good they start to lose their value so quickly. DYOR!
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Right, at least the basic might be enough for long term holder. Or at least how to protect their wallet and the security practice is also very important. But if you are not going to trade, and would rather used DCA, and look for the long term perspective, then yeah, no need to be that technical in reading graphs.
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This is the most important thing and must be known by all Holders, after all, wallet security or device security really must be considered.
Many hacking incidents are due to the negligence of wallet users so that Seed Phrase can be known to other people and the devices used in malware infiltrates.
It's pretty horrible with all those vulnerabilities due to the negligence of the users themselves.
And for the long term never use a CEX as a storage wallet, it is really not recommended.
It is better to use hardware wallets that are more secure and have better protection such as Ledger, Trezor, Safepal etc.
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Yes every investors need to justify before invest in cryptocurrency. Because investment on cryptocurrency is very risky sometimes. If anyone buy some bad coin then he will be losser there has no doubt. So to buy any new or old coin we have to be more careful about it. We saw some new coin increase 3x,4x etc. But without justify if anyone buy is there will be big chance to lose from that. So we have to more careful about invest .
We are given the effort to be able to do a good analysis before making any investment, especially in crypto, where it is always difficult to understand every movement.
If you are able to analyze, then do it well and, of course, don't choose bad coins because it will lead to losses, but if you are not able to analyze them then there is an opportunity to look for them at CMC, where there are lots of potential coins that can be invested.
It's true that new coins are very attractive because what we get is sometimes bigger than the first investment, but that doesn't guarantee that the price will be like that, because it might go down when it enters the stock exchange.
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Yes every investors need to justify before invest in cryptocurrency. Because investment on cryptocurrency is very risky sometimes. If anyone buy some bad coin then he will be losser there has no doubt. So to buy any new or old coin we have to be more careful about it. We saw some new coin increase 3x,4x etc. But without justify if anyone buy is there will be big chance to lose from that. So we have to more careful about invest .
We are given the effort to be able to do a good analysis before making any investment, especially in crypto, where it is always difficult to understand every movement.
If you are able to analyze, then do it well and, of course, don't choose bad coins because it will lead to losses, but if you are not able to analyze them then there is an opportunity to look for them at CMC, where there are lots of potential coins that can be invested.
It's true that new coins are very attractive because what we get is sometimes bigger than the first investment, but that doesn't guarantee that the price will be like that, because it might go down when it enters the stock exchange.
Wow good news for us. I think it will be very helpful to us who are we want to invest on cryptocurrency. Acctually i need a list of good xoin which is very good for long time investment . I want to invest for 1/2 years. I think in this market within 1/2 years possible for big return. I want to more invest on cryptocurrency market. I already invested here near aboit 4k $ and i want to more 1-2k $.
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This is quite true...the risk in investing with new coins or tokens can be so high all because there is no assurance that they will really make it in this very competitive market. However, we should note that if a person is not afraid of risks and has the money to play in the market, new coins got the potential where people can experience the x100 or even x1000 ROI as old coins will not be able to grow and be profitable that way though they are already more stable. And I think this is the reason why many people still continue to invest even lousy projects because they are hoping they will strike the GOLDMINE they are looking for. Surely, this is not for people who are just new and have not yet learned the ins and outs of the market. Avoiding loss is impossible but losses can be recovered even just one project that will really shine and will skyrocket in value.
There are many new projects claiming they're this or they're that. But I'd like to say "all are not good and all are not that bad too." We've filter out bad one and choose good ones from them. As you said, yeah new one and legit one with good team/devs can have huge potential yielding its investor with huge profits as new project still have many more space to expand whereas old ones are already got saturated or stable. So it is like "choose wisely, Take risk, wait sometime, collect profit/reward".
Taking the risk of investment is part of what every crypto investor should learn after they have done their research on coins to invest, and they are investing with their spare money.
Investing in new or old coins is very risky, none of us knows the one that will give us maximum profits since there are thousands of coins already existing in the market. That's why the need to have a diversified investment comes into mind because we don't know the exact coin that will make it big in the bull run since the majority of us are anticipating huge profits from our crypto investment
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Wow good news for us. I think it will be very helpful to us who are we want to invest on cryptocurrency. Acctually i need a list of good xoin which is very good for long time investment . I want to invest for 1/2 years. I think in this market within 1/2 years possible for big return. I want to more invest on cryptocurrency market. I already invested here near aboit 4k $ and i want to more 1-2k $.
Invest for 6 months, okay? Does that mean your target is to invest and not make profits during the bull run? because there is a big possibility that a bullrun will happen next year, but we don't know yet whether it will happen at the beginning of the year, the middle or the end of 2025. So, it looks like you have to plan again for your sports targets and take profits next year.
As for the coins themselves, make sure not to put your money in hype coins that only circulate for a moment and end up becoming shit coins. There are many types of coins like this, especially new coins. So, you really have to be able to analyze it. CMC might be able to help, but if you want to be guided by that platform or CoinGecko, make sure you only choose the top coins. because there are thousands or even millions of coins here, so you have to be more careful. I recommend continuing to take top coins. All of that will definitely be risky too, but at least to minimize the level of risk.
See the coin lists:
https://www.coingecko.com/
https://coinmarketcap.com/
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This reply of mine is for those newbies about what coin to invest. The cryptocurrencies that you can invest are eth and btc. If you are willing to take risk on investment then better make a research about the crypto you are going to invest if it's worth the risk and your time. Anyway, that's just an example and the decision is up to you on what you want to invest. If I were you, I would do the same as what I explained which is to ask opinions and compare it to my decision/plan before I invest and take the risk (afte having invested in eth or in btc).
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The best advise i can give to anyone with the thought of setting up a good portfolio of potential project is, stay sharp and do your own research and focus more on investing based on your risk tolerance because investing above what should be invested off your earnings or salary is toxic to not only your life but also your portfolio. Majority of persons who make such mistakes often fall back to their portfolio and make withdrawal even before their pre-predicted date of withdrawal and that could lead to indicipline where as the investor would make withdrawal when ever he/she has any minor needs to be settled. As investors, there is a need to have reserved fund or emergency fund to be able to cover large expenses in case of any emergency need.
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As for the coins themselves, make sure not to put your money in hype coins that only circulate for a moment and end up becoming shit coins. There are many types of coins like this, especially new coins. So, you really have to be able to analyze it. CMC might be able to help, but if you want to be guided by that platform or CoinGecko, make sure you only choose the top coins. because there are thousands or even millions of coins here, so you have to be more careful. I recommend continuing to take top coins. All of that will definitely be risky too, but at least to minimize the level of risk.
A little additional advice from me is, don't analyze too many different coins... it will only fill your mind with unimportant information... it's better to analyze one or two coins first, and understand them over a long period of time. .. even up to a month doesn't matter... the important thing is to understand it first, then after understanding, we can move on to analyzing the next coin....
Don't be easily attracted by other coin gains that have reached more than 100% at the current time, even though the coin we are analyzing is in the red... stay focused and don't be easily provoked by circumstances.
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Some of the coins I like the most as the best coins to invest in are Bitcoin, Ethereum, BNB Solana. Other than these few coins I don't really like unique coins to invest in. I have invested all these coins in my investment portfolio I have not invested any other coins outside of these coins. Many people choose to invest in Shit Coins and I do not support those investments at all. Because shitcoins can die at any time. So the most important thing to consider while investing is which coin you invest in and whether it has a good long term plan and forward trend. Moreover, some other important points are that investment cannot be done in a hurry, investment should be long-term.
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If we don't want to waste our investment fund on any how coin, then we have to take our time in making research well before the whole thing turns out as unexpected on us, investing take time and we have to follow the procedures involved in learning on the kind of coin to invest, when to invest and how to make it done, if we cant afford to loose the money on the investment made, we shouldn't try it, if we also have no idea zero idea on the investment, we should avoid so as well.
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Very mindful within the season. Always endeavour to undergo adequate research before picking any of those unknown or newly developed coins to invest on because that was definitely a malicious periods where scammers are more tightened to be tactical about scamming people.
So it is better of you to stick to already aware reputable coins than chasing after a quick rich due to coins hyping and speculations.
Perhaps... It is profitable of you to get rich gradually with your assets secured than loose it all at the course of chasing quick riches.
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Very mindful within the season. Always endeavour to undergo adequate research before picking any of those unknown or newly developed coins to invest on because that was definitely a malicious periods where scammers are more tightened to be tactical about scamming people.
So it is better of you to stick to already aware reputable coins than chasing after a quick rich due to coins hyping and speculations.
Perhaps... It is profitable of you to get rich gradually with your assets secured than loose it all at the course of chasing quick riches.
I think investors who have experienced 1-2 previous cycles have enough experience to make the safest choices for themselves, however, F0-investors will easily all-in on trending tokens or buy memecoins to get a chance to x1000 their assets in the short term. Greed is the biggest trap in this market, it is even more dangerous than fear.
Even when a potential token has been selected, for example, the native token of a top blockchain in the market, investors still need to continuously monitor price chart and news related to the project. UST-LUNA of Terra and FTT of FTX are classic examples of the need to continuously monitor market fluctuations.
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This reply of mine is for those newbies about what coin to invest. The cryptocurrencies that you can invest are eth and btc. If you are willing to take risk on investment then better make a research about the crypto you are going to invest if it's worth the risk and your time. Anyway, that's just an example and the decision is up to you on what you want to invest. If I were you, I would do the same as what I explained which is to ask opinions and compare it to my decision/plan before I invest and take the risk (afte having invested in eth or in btc).
Sometimes it is important to take some risks because without taking any risk one will stay at the same level when he/she started his/her journey in any field. Now, here is another thing if one who is new to any space then he/she should take less risk, in clarity I would say take risk only with the amount one can bear in the form of loss. One should not only focus on taking risks as there is a term used for risk is risk management so one should try to reduce his/her risk as much as possible.
In my view, as you also aforementioned investing in Bitcoin should be the higher priority, and other than that one should invest a minimum part of his/her investment in alt projects as investing in altcoins is a very picky part and it requires good research before investing in any of them. So, one needs to find Good projects from the market and invest little amount in different projects from the total of your minimum portfolio that one has allocated for altcoin investment. This is also known as diversification which really helps one to reduce his/her risk over investment because in case if one project in which he/she invested performs badly then another one can perform well so in this way he/she can recover his/her lost amount in altcoins. DYOR!
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Very mindful within the season. Always endeavour to undergo adequate research before picking any of those unknown or newly developed coins to invest on because that was definitely a malicious periods where scammers are more tightened to be tactical about scamming people.
So it is better of you to stick to already aware reputable coins than chasing after a quick rich due to coins hyping and speculations.
Perhaps... It is profitable of you to get rich gradually with your assets secured than loose it all at the course of chasing quick riches.
I think investors who have experienced 1-2 previous cycles have enough experience to make the safest choices for themselves, however, F0-investors will easily all-in on trending tokens or buy memecoins to get a chance to x1000 their assets in the short term. Greed is the biggest trap in this market, it is even more dangerous than fear.
Left with experienced Investors alone along the space with the scammers Indulgences, believably scammers victims would be subsidized so, they mostly targets the beginners who are more of greeds to get quick rich due to the coins hypes.
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If we don't want to waste our investment fund on any how coin, then we have to take our time in making research well before the whole thing turns out as unexpected on us, investing take time and we have to follow the procedures involved in learning on the kind of coin to invest, when to invest and how to make it done, if we cant afford to loose the money on the investment made, we shouldn't try it, if we also have no idea zero idea on the investment, we should avoid so as well.
If we are afraid to choose the wrong coins, kindly invest in Bitcoin and Ethereum only. These are the most recommended coins, I'm sure we even don't need to make a research on these coins. But we must understand the cycle at least, so we can make a good plan for the entry and the exit time. If we have good knowledge, it wont be so difficult to determine the goal/target for taking profits. Anyway, it is true that we must always to use the money that we can afford to lose. Don't use the money allocated for basic matters in life.
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What makes a lot of people lose interest in cryptocurrency is because of the rate which they lose there money and the reason for this is making bad decision in choosing coin to invest in, a lot of my friends has lost money in cryptocurrency because of the coin they invested on, when it comes to cryptocurrency investment the best coin to invest on is Bitcoin, Bitcoin investment gives you peace of mind and you won't have to fear losing your money especially if you are into Long term Bitcoin investment.
I will advise you all should avoid all this new coin because a lot of them are scam, there was a popular music star called davido he created a coin called davido coin and he advertised the coin in all his social media account and all his fans went and bought those coins and the coin started growing in value and in price, the music star davido has the highest number of that davido coin, so when the coin grew to a certain level he sold all his coins and made millions and the coin immediately dropped in value and those that invested in it lost all there money, so that is why it is advised to remove your eyes in new coins they are scam, they are just created by the creators as soon as it gain little value they sell of and make gains why those that invested in it loses.
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Though this space can make one to be wealthier.
You are pretty correct with this. This space has made many people wealthier than they expected, and it has led to people's bankruptcy all because they invested more than they could afford to lose and were too greedy in their investment, not setting aside the amount they were going to sell their Bitcoin or altcoin assets.
However, this upcoming bull run would bring about many millionaires in crypto space, making it the second time, millions of people would become millionaires through crypto. The first was in 2021, the second one will be in 2025, I just hope many of us here in the forum made it through, to be the millionaires that will give rise from crypto by next year
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It very advisable to do more research on any token or coin you are trying to invest in . Many don’t do research they will just try and buy coins when they are on presale and think that the token will turn out to be a very big project or big investment to them which they didn’t even have any knowledge about , later the token turn to shit coins (coins without value).
Try and look for knowledge or information about what you are trying to invest on read about the project take your time to go through the project and see whether it will turns out good for you or not and to avoid money loss . A knowledgeable investor have more profit than non- knowledgeable investors
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Most certainly, Bitcoin has always shown tremendous recovery, judging from its previous cycles.
Although, while it's true that past performances can never guarantee future outcomes when it comes to cryptocurrency, we are also very certain because lots of facts proves that this bearish trend is only but a recuperation period for bitcoin, to prepare for the upcoming bull run, so that people can also get the opportunity to start buying low right now.
I'll just say bitcoin definitely has brought about a nice level of trust looking at previous trends and it's overall progress in the crypto space. Even as good as bitcoin investments are, newbies are still not advised to dive into investing since they could pretty much lose their hodlings because of low security of their funds.
However when it comes to meme coins and tokens you have to be very careful and skeptical. Infact literally all meme coins out there are pump and dump schemes and only those that properly understand how the concept works can be able to profit from it.
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It very advisable to do more research on any token or coin you are trying to invest in . Many don’t do research they will just try and buy coins when they are on presale and think that the token will turn out to be a very big project or big investment to them which they didn’t even have any knowledge about , later the token turn to shit coins (coins without value).
Try and look for knowledge or information about what you are trying to invest on read about the project take your time to go through the project and see whether it will turns out good for you or not and to avoid money loss . A knowledgeable investor have more profit than non- knowledgeable investors
It should be done as you say if you invest in new projects, because doing a thorough analysis is very important before putting funds on new projects, because we know many new projects draw promises, but the results do not match reality.
It must be admitted that sometimes every new project is very smart to submit a proposal well and many beginners and those who already understand are sometimes deceived by what they do. Not strange, again make they are able to make investors can believe in the promises they make, because of their ingenuity.
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It's better to spend time researching than to be disappointed later.
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It very advisable to do more research on any token or coin you are trying to invest in . Many don’t do research they will just try and buy coins when they are on presale and think that the token will turn out to be a very big project or big investment to them which they didn’t even have any knowledge about , later the token turn to shit coins (coins without value).
Try and look for knowledge or information about what you are trying to invest on read about the project take your time to go through the project and see whether it will turns out good for you or not and to avoid money loss . A knowledgeable investor have more profit than non- knowledgeable investors
I am also agree with your comment. Because we believe that investment is the best profitable system in cryptocurrency world. Because we know that a good investors can earn best profit from crypto currency market. So if we want to best benefited from crypto currency market, we must understanding in cryptocurrency market, so that we can best careful in cryptocurrency market. Because if we don’t be careful, we must loss from here.
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It very advisable to do more research on any token or coin you are trying to invest in . Many don’t do research they will just try and buy coins when they are on presale and think that the token will turn out to be a very big project or big investment to them which they didn’t even have any knowledge about , later the token turn to shit coins (coins without value).
Try and look for knowledge or information about what you are trying to invest on read about the project take your time to go through the project and see whether it will turns out good for you or not and to avoid money loss . A knowledgeable investor have more profit than non- knowledgeable investors
I am also agree with your comment. Because we believe that investment is the best profitable system in cryptocurrency world. Because we know that a good investors can earn best profit from crypto currency market. So if we want to best benefited from crypto currency market, we must understanding in cryptocurrency market, so that we can best careful in cryptocurrency market. Because if we don’t be careful, we must loss from here.
Among all the investment platforms crypto is the best. Those who get a good idea about this platform and invest according to that idea will definitely get good returns. But if there is a mistake, the possibility of losing is also very high. Investors need to invest in suitable coins to get returns from crypto platforms. Moreover, one should have a good idea about investment and time. Before investing, one should also consider how long he has to wait to get returns from the investment. Anyone who wants to profit from Bitcoin investment must plan for the long term. Again, those who are interested in investing in altcoins should do a good analysis about that coin.
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However when it comes to meme coins and tokens you have to be very careful and skeptical. Infact literally all meme coins out there are pump and dump schemes and only those that properly understand how the concept works can be able to profit from it.
Yes I agree with you, shitcoins are mostly scams and venturing into them would be at the investor’s risk. One needs to understand that these tokens are mostly in the space to enrich the pocket of the devs and sometimes the early investors (if they’re able to pull out their funds early from the project).
It’s very essential to be cautious and skeptical when venturing into these sort of investments because they carry lots of risks, and these projects are mostly pump and dumps l, designed to deceive naive and unsuspecting investors. The prices of such tokens can be easily manipulated through hypes, fake news and other misleading information just to deceive and attract investors only to sell at the peak of the token, leaving other investors with huge losses. And I’ve come to understand that greed is often the major cause why people fall into these sort of scams, because if not greed l, I see no other reason why a project would promise its investors a 20x profit and they’ll blindly delve in with hopes of making a much in such a short period.
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It very advisable to do more research on any token or coin you are trying to invest in . Many don’t do research they will just try and buy coins when they are on presale and think that the token will turn out to be a very big project or big investment to them which they didn’t even have any knowledge about , later the token turn to shit coins (coins without value).
Try and look for knowledge or information about what you are trying to invest on read about the project take your time to go through the project and see whether it will turns out good for you or not and to avoid money loss . A knowledgeable investor have more profit than non- knowledgeable investors
Yes, so many people who want to start crypto investment are not deligent in searching for informations on the coin they want to invest especially on the new start up projects.
Many forum members has also made several posts regarding proper research before investing on these projects but most of these warnings are not being followed.
There are several warnings on social networks on ICOs/IDO investments, unfortunately, some investors still fall victim to scammers regularly.
Do your own research (DOYOR) is constantly in use but not many investors pay attention or take this advice seriously.
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Among all the investment platforms crypto is the best. Those who get a good idea about this platform and invest according to that idea will definitely get good returns. But if there is a mistake, the possibility of losing is also very high. Investors need to invest in suitable coins to get returns from crypto platforms. Moreover, one should have a good idea about investment and time. Before investing, one should also consider how long he has to wait to get returns from the investment. Anyone who wants to profit from Bitcoin investment must plan for the long term. Again, those who are interested in investing in altcoins should do a good analysis about that coin.
Crypto offers high profits, but we don't forget that there are big risks in crypto as well. Sure, we must know which coins deserve to invest in. Not all crypto coins are safe for investment, just avoid those shit coins. I personally prefer to invest in Bitcoin or Etehreum only if I want to invest for a long term. Regarding how long to hold, it depends on our goals. If we want to get faster profits, we can hold for few months. But if we want to get higher profits, we must hold for some years.
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Among all the investment platforms crypto is the best. Those who get a good idea about this platform and invest according to that idea will definitely get good returns. But if there is a mistake, the possibility of losing is also very high. Investors need to invest in suitable coins to get returns from crypto platforms. Moreover, one should have a good idea about investment and time. Before investing, one should also consider how long he has to wait to get returns from the investment. Anyone who wants to profit from Bitcoin investment must plan for the long term. Again, those who are interested in investing in altcoins should do a good analysis about that coin.
Crypto offers high profits, but we don't forget that there are big risks in crypto as well. Sure, we must know which coins deserve to invest in. Not all crypto coins are safe for investment, just avoid those shit coins. I personally prefer to invest in Bitcoin or Etehreum only if I want to invest for a long term. Regarding how long to hold, it depends on our goals. If we want to get faster profits, we can hold for few months. But if we want to get higher profits, we must hold for some years.
I agree with you that long-term investment should be on bitcoin since you are investing for the future. Shitcoins will not last in the market and you can get burned making it very risky for you to invest in. Shitcoins should when you want to gamble with little amount of money, you can buy and when you see a little rise in price, you sell and invest the money in bitcoin. There's no amount of research that will enable you know if a project is not a scam.
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It very advisable to do more research on any token or coin you are trying to invest in . Many don’t do research they will just try and buy coins when they are on presale and think that the token will turn out to be a very big project or big investment to them which they didn’t even have any knowledge about , later the token turn to shit coins (coins without value).
Try and look for knowledge or information about what you are trying to invest on read about the project take your time to go through the project and see whether it will turns out good for you or not and to avoid money loss . A knowledgeable investor have more profit than non- knowledgeable investors
Yes, so many people who want to start crypto investment are not deligent in searching for informations on the coin they want to invest especially on the new start up projects.
Many forum members has also made several posts regarding proper research before investing on these projects but most of these warnings are not being followed.
There are several warnings on social networks on ICOs/IDO investments, unfortunately, some investors still fall victim to scammers regularly.
Do your own research (DOYOR) is constantly in use but not many investors pay attention or take this advice seriously.
probably most, are paying attention to what information is provided by, anyone for each research, towards the project may just be present. But everything is returned to the individual to see whether the post about the information matches what is desired, Because it is possible that any information that occurs is re-analyzed independently. So that it’s not actually ignored but rather to avoid something that might not be in line with what the self-analyzer is doing. So that there can be an impression that what is given information seems to be ignored but is not actually either true or false, because there is usually a lot of repeating analysis of that information.
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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.
Newbies are too lazy to do research before investing, which is why they always get scammed at the end of the day. Also, many people think when the halving is about to come, every coin will pump, and they think at that time investing in any coin will favor them, but they forget that at that time scammers are also ready to scam everybody that falls in their victim.
That is why research before investing is very important because you already know about everything and won’t be worried about where you put your money, but not everybody understands this.
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.
People think because someone can get a huge amount of money from crypto investment any coin they see worth investing, they don’t know that there are some coins that even if you invest them, you won’t get anything in return. There is a possibility that you may even lose your money. Choosing what you will invest in is very important. That is why a self-decision is good, even though another person may not favour you.
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It very advisable to do more research on any token or coin you are trying to invest in . Many don’t do research they will just try and buy coins when they are on presale and think that the token will turn out to be a very big project or big investment to them which they didn’t even have any knowledge about , later the token turn to shit coins (coins without value).
Try and look for knowledge or information about what you are trying to invest on read about the project take your time to go through the project and see whether it will turns out good for you or not and to avoid money loss . A knowledgeable investor have more profit than non- knowledgeable investors
Yes, so many people who want to start crypto investment are not deligent in searching for informations on the coin they want to invest especially on the new start up projects.
Many forum members has also made several posts regarding proper research before investing on these projects but most of these warnings are not being followed.
There are several warnings on social networks on ICOs/IDO investments, unfortunately, some investors still fall victim to scammers regularly.
Do your own research (DOYOR) is constantly in use but not many investors pay attention or take this advice seriously.
in addition, many investors must especially the newbies always find it so hard to do more researches on the project they want to invest in. And this what cause most investors loss of funds or money they don’t take their time to do many research on projects or even try to know a little more about it.
They could just see that a coin or token came out newly and they will hear from a friend that it will be a better investment in the next several years and they will just invest in and that how they do lost their money and they will be very unhappy which is probably their fault . But some people are just some kind but how ill you not just know or have any idea about where you want to spend your money in so disappointing.
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They could just see that a coin or token came out newly and they will hear from a friend that it will be a better investment in the next several years and they will just invest in and that how they do lost their money and they will be very unhappy which is probably their fault .
why many people choose to just follow someone’s advice blindly is because they do not know how to identify good projects crypto has been around for quite a while but still relatively new it is a new technology new system new community new concept that many people who were used to more traditional investments have a hard time trying to understand how crypto works and what would make a crypto project good and effective