Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Joseph Lee on May 24, 2024, 10:17:25 PM
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I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.
From what I know so far, premarket facilitates peer-to-peer (P2P) trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. It allows buyers and sellers can establish orders in advance to execute trades as desired and complete the trade at a later time. That part's explanatory, but I'm sceptical about these type of transactions. Any advice would be helpful pls.
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This is the first time I've read that term used in crypto, it's often done in stock market. You'll have to completely trust the seller and whoever is the developer/founder of that project because that's clearly a huge gamble. You have no basis for valuation other than the potential upside of the token.
I wonder how the seller got a hold of the token. Was it sold to them through ICOs or other type of private sales? Usually, tokens sold through that method are still locked (non transferrable) until it's officially listed on an exchange (open market).
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Can you mention the name of the token? In most cases, the chance of achieving a good profit is small, but if the developing team is good, liquidity is limited, and the selling price is close to the listing price, then some profits may be achieved.
I wonder how the seller got a hold of the token. Was it sold to them through ICOs or other type of private sales? Usually, tokens sold through that method are still locked (non transferrable) until it's officially listed on an exchange (open market).
In a private or initial sale, an initial price is set for the token, and after listing, if the token reaches higher than this price, profits will be achieved. In most cases, the price is very low to finance the project expenses and listing costs, but in most cases the currency fails to reach the target price.
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Don't rush into making a decision to buy a new coin that hasn't been released on the market if you are still a beginner, because it could be dangerous if you don't understand it.
But if you can analyze a new crypto project then it doesn't matter if you do that, in fact it's a good opportunity if you can buy coins before they enter the market or what we usually know as presale/pre-market.
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Yes newbies should more and more active in this Forum. It is first advice. Even newbies should learn more from various source. Who will learn properly he will be successful from this sector. I think if any Newbies learn properly about crypto and overall he will be huge benefited today or tomorrow.
So my advice for newbies first be active in this Forum and gether knowledge.
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I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.
From what I know so far, premarket facilitates peer-to-peer (P2P) trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. It allows buyers and sellers can establish orders in advance to execute trades as desired and complete the trade at a later time. That part's explanatory, but I'm sceptical about these type of transactions. Any advice would be helpful pls.
Lets put up some example on Whales.market or even on bybit pre-market prices on which you would really be neither selling or buying but of course it would be something be filled if there's someone who would really be tending to buy or sell it up. I havent tested out myself considering that pre-market prices could neither be that too low once those coins would be listed on
exchangers with much having higher price on which it would be leading for you to have that kind of regret but if it turns out that you have get that good price on pre-market then it would be good.
I do heard off that you would be needing to have a collateral when dealing up with pre-market specially on filling those orders.
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want newcomers to understand that not all threads are necessary here for them to discuss on, and that someone should do more research about something before bringing it up to the forum, even though you are not expected to do so as a beginner when you are also looking for a way to learn from the more experienced forum members. I believe some newcomers believe that creating a topic in the forum is a way of gaining karma but yeah it need to be meaningful, which is why I believe most beginners create threads Before they establish a post, this is why they perceive it as difficult when they wish to build a significant issue and then offer it that way, however I think some still lack guarding.
Although they are newbies, that consistently post meaningful posts to the forum. Despite this, however, karma's do not come from only forum contributions. In my opinion, exchanging thoughtful, beneficial suggestions is another approach to acquire karma that will advance one's rank.
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Don't rush into making a decision to buy a new coin that hasn't been released on the market if you are still a beginner, because it could be dangerous if you don't understand it.
But if you can analyze a new crypto project then it doesn't matter if you do that, in fact it's a good opportunity if you can buy coins before they enter the market or what we usually know as presale/pre-market.
You are right. There is a saying that goes, make haste slowly. As a newbie, he should be able to conduct a thorough research. If I were him, the first place to begin is the project's whitepaper and the team involved and their level of experience. Despite the research, the newbie has to know the level of risk that they can carry in buying the coins because you cannot be sure how if the project will succeed or fail.
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Don't rush into making a decision to buy a new coin that hasn't been released on the market if you are still a beginner, because it could be dangerous if you don't understand it.
But if you can analyze a new crypto project then it doesn't matter if you do that, in fact it's a good opportunity if you can buy coins before they enter the market or what we usually know as presale/pre-market.
I agree, because in my opinion buying a new coin that hasn't been released yet is like buying a cat in a sack, if you really want to invest, it's better to buy it when it's open listed on a market, that also requires accuracy and an in-depth survey of the project you want to invest in, don't be a donature. suddenly into an unclear project
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It depends on which project you're talking about. Do a lot of research before blindly buying any asset in the crypto space
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Pre-market is dangerous and very riskier than even running to new listed coin just to buy low and the sell high.
I know of exchange like Kucoin that offer such service and after careful observation with the listed coins, majority of coins are bought higher than all time high listed on trading day and that means who ever buy coin on prel-listed market is likely to lose money, just wait for after listing and then buy after the market has made correction.
It's only profitable when the seller sold to you at fair price or cheaper than what others are selling but you know no trader will be willing to do that with when their is assurance of listing with a good price.
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I have this two advice for a newbie who is just starting cryptocurrency and this forum, we cannot on a go know everything at once, which means there are times we may have to be patient with life and follow the due process, if we don't want to record for something else we don't want to see happened, time will make it worthwhile for us to use every single opportunity in learning and to get used to the platform and crypto, ask questions where necessary and make research as you may want it to be.
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Since you are new in the crypto market, it better that you start investing on a popular coin that has potential like bitcoin, instead of looking for a cheap coin that have not being released into the market, because I have seen many of those coins that are not yet released might not survive the market. Don't go and invest on a coin that will bring you regrets but rather invest on a coin that have a big market cap and value. However, if you want to go ahead and invest on new coins, you should only do that with the amount of money that you can afford to lose, and do your own research to know more about the coin.
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Don't rush into making a decision to buy a new coin that hasn't been released on the market if you are still a beginner, because it could be dangerous if you don't understand it.
But if you can analyze a new crypto project then it doesn't matter if you do that, in fact it's a good opportunity if you can buy coins before they enter the market or what we usually know as presale/pre-market.
I agree, because in my opinion buying a new coin that hasn't been released yet is like buying a cat in a sack, if you really want to invest, it's better to buy it when it's open listed on a market, that also requires accuracy and an in-depth survey of the project you want to invest in, don't be a donature. suddenly into an unclear project
It's not like that, because someone who is still a newbie in Cryptocurreny usually doesn't understand the ins and outs of crypto.
One wrong step can be a big problem, actually buying pre-market coins can make us big profits provided that the coins we buy are coins from a good project so that when they are released on the market the price can rise high.
The problem is that newbies can't learn this yet, so it's safer if newbies just buy coins when they are released on the market.
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I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.
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I'm not familiar with pre-market offers, but the fact that you said that it's between buyers and sellers, and there's no official price with that token is already a red flag for me, and I would avoid it if I were you.
Always take note that the price of the token of a new project always goes down regardless of what project it is. As soon as the token gets listed, it's price immediately goes down because those holders will sell it to take profit. Developers can set the price that they want, and all the time, that's a very high listing price. I would suggest to just stay away from it, and just wait for it to get listed on an exchange with its actual price.
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Yes newbies should more and more active in this Forum. It is first advice. Even newbies should learn more from various source. Who will learn properly he will be successful from this sector. I think if any Newbies learn properly about crypto and overall he will be huge benefited today or tomorrow.
So my advice for newbies first be active in this Forum and gether knowledge.
Yes exactly knowledge is the key to success but an accurate knowledge is compulsory because there are so many sources through which one can get knowledge but every source is not a true source and most of them are providing wrong information.
If newbies are not getting Knowledge and directly start trading then trading will become a way of failure instead of revealing any satisfying results. First focus should be on learning and acquiring knowledge as if someone ignores these two then he should forget about his success.
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I advice that you focus more on reputable projects for now, and gain quite some amount of knowledge on how the market works and how to know potential coins before you start buying pre launched coins. Especially now that we are still experiencing the effect of the Bitcoin halving, lots of scam projects are just floating around and the worst part is that, they will even look more like a potential project. I advise you continue in learning and increase your exposure by dealing with already launched coins first. And never fail to ask questions in area you are not conversant with.
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Since you are new in the crypto market, it better that you start investing on a popular coin that has potential like bitcoin, instead of looking for a cheap coin that have not being released into the market, because I have seen many of those coins that are not yet released might not survive the market. Don't go and invest on a coin that will bring you regrets but rather invest on a coin that have a big market cap and value. However, if you want to go ahead and invest on new coins, you should only do that with the amount of money that you can afford to lose, and do your own research to know more about the coin.
Maybe this new investor may want to participate in the presale to get a low price and earn high profits when the token price increases during the bullrun. The expectation is really attractive, especially for new projects that always know how to promise good scenarios of the crypto market and the potential of the project token. I rarely participate in presales, I usually wait for the token to be listed on top CEXs before making an investment decision based on fundamental analysis and technical analysis. Finding a good project to participate in a presale is too difficult for me, so I choose the safest solution is to trust in the evaluation from the CEXs team.
Just as you said, new investors should pay attention to BTC and top ALTS in this market such as ETH, SOL, BNB, DOGE instead of new projects that have not been verified by the market and the community. Investors should control their greed well to protect their capital and opportunities when participating in the market.
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And you should really be skeptical as the transaction can be like an IOU type where you need to trust that the people behind that project will really deliver in the near future as they promised. So everything hinges on how good is the team behind the project and how good they are in delivering the promises...so you won't regret later and feel like you are just of the scammed people. I had seen the same kind of scenario with the proliferation of ICOs in 2017 and 2018 where many people were victimized out of their hard earned money all because they trusted too much. Now, this is something you need to decide on and I am hoping you are weighing your options well. Good luck.
If the problem lies in a team that has difficulty keeping its promises, then the ideal thing for newbies is to choose a project that has been running for a long time and is proven to have developers who are active and care about the continuity of the project. Currently we see many projects that have been running for several years, such as ETH, SOL, XRP and so on. Instead of choosing a new coin, such as buying an ICO coin or one that has just been launched, for team issues, old coins should be preferred, right?
Avoiding fraud is still important for newbies, so I also agree if newbies invest in top coins rather than new coins.
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I remember seeing some buyers looking for unlisted tokens, especially launchpad tokens or something similar where they've yet listed on any exchange in the past. Their offer can be quite attractive, especially if you can't find any liquidity on DEXes for various reasons. I'd suggest you avoid this type of deal if you can find the tokens on DEX, or if you're not dealing with any reputable traders. Which platform are you talking about btw? Do they offer a smart contract to ensure this deal will proceed?
If you want to buy the tokens as early as possible, I believe building a script or bot to look at the market and buy them as early as possible would be better (or participating in the launchpad/ICO/etc). This assumes you know the right contract address, can code, can run the code with no problem, and so on. Maybe try OTC on some reputable platform too if you want to push it even further, though I doubt they will list new tokens quickly. CMIIW.
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That part's explanatory, but I'm skeptical about these type of transactions. Any advice would be helpful pls.
And you should really be skeptical as the transaction can be like an IOU type where you need to trust that the people behind that project will really deliver in the near future as they promised. So everything hinges on how good is the team behind the project and how good they are in delivering the promises...so you won't regret later and feel like you are just of the scammed people. I had seen the same kind of scenario with the proliferation of ICOs in 2017 and 2018 where many people were victimized out of their hard earned money all because they trusted too much. Now, this is something you need to decide on and I am hoping you are weighing your options well. Good luck.
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Well, they are the ones that are in the alpha stage. Like the ones who are not yet really there to have exposure on it and they manage to be part of the initial party that could buy something.
Basing on the name itself - "Pre"- market. It is before going to the market.
Advice is to risk what you can afford to lose.
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Well, they are the ones that are in the alpha stage. Like the ones who are not yet really there to have exposure on it and they manage to be part of the initial party that could buy something.
Basing on the name itself - "Pre"- market. It is before going to the market.
Advice is to risk what you can afford to lose.
It would really be a hit or miss but surprisingly there would really be those people who would really be loving to take risks specially if they are really that confident that they are really that dealing on something which does have that kind of potential. Honestly, this is the hardest time that you would really be making out decisions whether you would really be making up some investment
or not considering that this is really that the beginning of everything. Even if the devs or team are doxxed but still it wont really be an assurance that you are dealing with a good project.
There are even those projects which does have that exceptional kind of utility but ending up on being imaginary which ends up on being a failed one.
So its really that to make yourself having that assurance.
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Since you are new in the crypto market, it better that you start investing on a popular coin that has potential like bitcoin, instead of looking for a cheap coin that have not being released into the market,
Maybe this new investor may want to participate in the presale to get a low price and earn high profits when the token price increases during the bullrun. The expectation is really attractive, especially for new projects that always know how to promise good scenarios of the crypto market and the potential of the project token. I rarely participate in presales, I usually wait for the token to be listed on top CEXs before making an investment decision based on fundamental analysis and technical analysis. Finding a good project to participate in a presale is too difficult for me, so I choose the safest solution is to trust in the evaluation from the CEXs team.
It seems so, the OP wants to participate in new projects, maybe he thinks that he can get much higher profits by participating in pre-sale investment. Whatever the reason, maybe it was because he saw many other people who were successful in investing in pre-sales and getting very high returns. Moreover, we know very well about meme coins where many people get multiple gains and very large profits from the pre-sale of these meme coins. Well maybe that's what OP is hoping for.
But like you said, it's not easy. In fact, we must be really observant and thorough in making various decisions. because whatever that is, pre-sale projects are just like gambling. Even though we have tried our best to analyze it, it does not guarantee that it will be 100% in accordance with our analysis. In fact, sometimes it's the opposite or it actually ends up being bad. Yes, because not all new projects can really be successful.
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OP I will advise you one thing. Not all projects are worth the investment but if you can, do well to take advantage of the opportunity when ever it avails itself. Do not allow emotion to lead you otherwise you will make a big mistake by losing out.
It is nice you do your own personal research before engaging with any project because that would give you more knowledge on the project you are about getting involved with as an investor. If you choose to do a research, go well to look into the team of that project and also it's utility value. This alone would guide you through when making or taking decision or investment plans.
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- Having the right knowledge helps or gives good future savings to a trader, if the informed trading knowledge is correct. However, if the knowledge learned in trading is wrong, it is also not considered good.
That's why we have to be sure about what we're getting into. It's not possible here that you just thought or heard that your friend or acquaintance said that it's okay in the crypto business; you'll enter the industry right away, because there's really no shortcut here for you to get earnings in the in the crypto space.
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I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.
AFAIK I understand its easier for buyers to make trades on pre-market, but this fact also depends on the fact that which pre-market are you using. I have not used any pre-market yet, but I am familiar with some, the one I am talking about is of ByBit. You can read there guide in here (https://www.bybit.com/en/help-center/article/How-to-Get-Started-With-Pre-market-Trading) As buyers don't have to pledge any funds as collateral while sellers have to and if sellers failed to deliver the funds then the buyer will be compensated from the funds that the sellers have pledged to the trade. That's why I said the buyers have an advantage in pre-market over sellers.
Overall, I would say if you are doing pre-market just to make a profit in the long then don't think of it, as its not even %40 surety if making a profit or not. Most of the coins fall below the rates they are being traded on Pre-market, but some won't it all depends on the potential of the project if it's good then it can outperform the expectations. If you are planning to short then the advice is the same but in the opposite manner. I hope you understand.
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As buyers don't have to pledge any funds as collateral while sellers have to and if sellers failed to deliver the funds then the buyer will be compensated from the funds that the sellers have pledged to the trade. That's why I said the buyers have an advantage in pre-market over sellers.
I believe that's necessary since the sellers can simply not send any tokens at all if they don't give any collateral. Buyers might have a slight advantage because they don't have to prepare anything, but they need to shoulder the risk if the tokens they bought fail to deliver when they are listed officially. Btw, it sounds like Bybit pre-market is also limited to tokens that will be listed by Bybit officially, so the choices might be limited if OP is interested in unpopular coins/tokens. That being said, trading relatively unknown tokens is risky to begin with. CMIIW.
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- Having the right knowledge helps or gives good future savings to a trader, if the informed trading knowledge is correct. However, if the knowledge learned in trading is wrong, it is also not considered good.
That's why we have to be sure about what we're getting into. It's not possible here that you just thought or heard that your friend or acquaintance said that it's okay in the crypto business; you'll enter the industry right away, because there's really no shortcut here for you to get earnings in the in the crypto space.
You are correct mate. You see, this point you raised is definitely one of the problems newbies are facing. For the fact that they tell them the system is okay, they just jump into it immediately without making any move to study how the system works forgetting that the person they heard such from is not on the same level as they are.
Experience is another factor they fail to check about themselves, it looks like they already know everything just because they were told that there is nothing much about crypto. It just be like the regular random talk try assume it to be without proper knowledge and when they rush into it, the make mistakes that cost them heavily and they start crying and calling crypto a scam.
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But like you said, it's not easy. In fact, we must be really observant and thorough in making various decisions. because whatever that is, pre-sale projects are just like gambling. Even though we have tried our best to analyze it, it does not guarantee that it will be 100% in accordance with our analysis. In fact, sometimes it's the opposite or it actually ends up being bad. Yes, because not all new projects can really be successful.
Indeed, the fact that some persons' got paid massively gambling on a project's pre-sales doesn't mean the next person would, and it still doesn't guarantee that people who invest afterwards on the same project would make profits too. It's just all a gamble, and just like what we already know about gambling, the outcomes are not guaranteed, and the possibility of losses are higher.
I wouldn't advise anyone to invest in altcoins, whether new or old, but if one has to, then he needs to first conduct proper investigation first before putting in money.
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That is very risky in my opinion and you should always buy at your own risk it's like gambling just spend what you can afford to lose. I am one of those who pours extra money into pre-market tokens and most of the time it got rugged so it is all up to you to be honest if you are brave enough to take the risk. Just do your own due deligence about the project you are going to jump into and of course if it has good narratives it might have the chance to be successful but if not then move on as this also depends on maybe 50% luck because there are a lot of projects out there that are copycats or disguised as promising that fail and some make it and survive.
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You make some valid points about the risks involved in cryptocurrency investments, especially with pre-market tokens. It’s true that it can feel like gambling at times, and it’s crucial to only invest what you can afford to lose. Or you can use some professional's help like with ariacrypto (https://aria-crypto.com/). Conducting thorough due diligence on any project is essential. Evaluating the project's fundamentals, team, and overall market narrative can help mitigate some risks.
However, as you mentioned, even with careful research, there's still an element of luck involved, and many projects may not succeed despite appearing promising. How do you usually go about conducting your due diligence, and have you found any particular indicators or red flags that help you decide whether to invest or move on?
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There are times when i notice that everyone asks the question, but here where the crypto experience makes the most of it. Because when you research all these things then a project roadmap will be clear to you. Moreover there is no way without your faith, but not all institutions will keep you safe. Moreover there will be no basis for your valuation other than the potential upside of the token. All these methods clearly state within a company roadmap how many tokens they will market and how many they are willing to lock.
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You make some valid points about the risks involved in cryptocurrency investments, especially with pre-market tokens. It’s true that it can feel like gambling at times, and it’s crucial to only invest what you can afford to lose. Conducting thorough due diligence on any project is essential. Evaluating the project's fundamentals, team, and overall market narrative can help mitigate some risks.
Cryptocurrency investment at large do carry lots of risks, Bitcoin which is considered to be the safest crypto asset to invest in, in as much as this is true, there are still some underlying risks involved in investing in it, especially when investors do not not really understand the dynamics of Bitcoin investment and what it takes to ensure a solid bitcoin investment.
This is why it's always advised to always make sure that one gets the right information from the right sources, in order to avoid misinformation and misconceptions
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OP I will advise you one thing. Not all projects are worth the investment but if you can, do well to take advantage of the opportunity when ever it avails itself. Do not allow emotion to lead you otherwise you will make a big mistake by losing out.
It is nice you do your own personal research before engaging with any project because that would give you more knowledge on the project you are about getting involved with as an investor. If you choose to do a research, go well to look into the team of that project and also it's utility value. This alone would guide you through when making or taking decision or investment plans.
Exactly, not all investments will provide profits or be valuable, so you must be willing to analyze them well before making a decision. Agree, it is not good that all the steps that will be taken start with emotions that cannot be enlightened in making decisions.
If you are able to analyze, it is certainly a good idea to do it and then decide, but if you don't have the ability, then there is a mechanism that can be done by looking at the CMC which is the best ranking to choose, because that is definitely the best one that has been tested.
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Exactly, not all investments will provide profits or be valuable, so you must be willing to analyze them well before making a decision.
You are correct. It is high time investors know that " not all investment would provide profit for them immediately" most investment takes time to get to a maturity stage before they begin to generate income. Sometimes at that maturity stage, the profit or income might not come as expected because such project have not really being recognised within its environment but as time goes on, when such project becomes popular, it begins to generate higher income for the investors.
Your take on investors analysing their investment projects before investing is not far from the truth. This I think is a must for all investors because this would guide them through in making sound decisions in n their choice of investment.
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You are correct. It is high time investors know that " not all investment would provide profit for them immediately" most investment takes time to get to a maturity stage before they begin to generate income.
Investing alone will not guarantee profits, there are certain kinds of practices that successful crypto investors have, When they are not investing in projects that are not reputable or they know that are not solid they are constantly observing the market and they know when to exit it because if you invest in a cryptocurrency that is not is not a strong project, and then you practice investment strategy used for reputable coins like bitcoins, you may just end up loosing.
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You are correct. It is high time investors know that " not all investment would provide profit for them immediately" most investment takes time to get to a maturity stage before they begin to generate income.
Investing alone will not guarantee profits, there are certain kinds of practices that successful crypto investors have, When they are not investing in projects that are not reputable or they know that are not solid they are constantly observing the market and they know when to exit it because if you invest in a cryptocurrency that is not is not a strong project, and then you practice investment strategy used for reputable coins like bitcoins, you may just end up loosing.
I believe this is a situation of taking advantage of the market conditions in one's own favour. Here they closely monitor the market observing the trend to know exactly the next step to take. They do not relax in this type of investment or trade because they know for sure where they have put their funds and the risk involved in it. So it would not be nice of them to just put their funds and go relax waiting for price to appreciate when the project is not a guaranteed one.
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Never rush to invest in a new coin without having a duo diligent about the coin of why you should invest in it.
A coin that hasn't been released on an exchange, stands a chance of not getting listed on an exchange on time. If they do, they might be listed at a high price, which will be dumped thereafter it was listed on the exchange.
I don't support a newbie taking a step of investing in a newly created altcoin yet to be released on exchange because not all stayed long in the crypto market actually
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Exactly, not all investments will provide profits or be valuable, so you must be willing to analyze them well before making a decision. Agree, it is not good that all the steps that will be taken start with emotions that cannot be enlightened in making decisions.
If you are able to analyze, it is certainly a good idea to do it and then decide, but if you don't have the ability, then there is a mechanism that can be done by looking at the CMC which is the best ranking to choose, because that is definitely the best one that has been tested.
Newbies will find it difficult to search about a project in which he has to invest So for such experience he will spend lots of years in the crypto market because nothing can be easily achievable. Analysing the market needs experience and knowledge and everyone cannot make predictions about the future of coins.
If someone cannot predict the right coin then he should ask about it from experts and still if he has a doubt then choose those coins which are top ranking coins. This suggestion is just for newbies because those who spend lots of years in the crypto market should be able to have full command of choosing the right coin.
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A newbie that truly seek for advice will certainly found one, we have enough experienced members of this forum who are ready to render their best from what they have known concerning crypto by giving their quality contributions on any subject matter on discussion, we may not all know everything but the little we have idea about will definitely be given when asked in an open discussion thread like this on the forum.
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A newbie that truly seek for advice will certainly found one, we have enough experienced members of this forum who are ready to render their best from what they have known concerning crypto by giving their quality contributions on any subject matter on discussion, we may not all know everything but the little we have idea about will definitely be given when asked in an open discussion thread like this on the forum.
Be that as it may, it's also very necessary and mandatory for newbies to also do their own researchs too while they also seek advice and guidance from experts and experienced people in the crypto space, because no matter how experienced a person is, he cannot tell you everything as a newbie and you can't expect him to always come to you with informations, you can do your own researchs and when you come across complications and questions, you can take it to them for clarification.
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You make some valid points about the risks involved in cryptocurrency investments, especially with pre-market tokens. It’s true that it can feel like gambling at times, and it’s crucial to only invest what you can afford to lose. Conducting thorough due diligence on any project is essential. Evaluating the project's fundamentals, team, and overall market narrative can help mitigate some risks.
Cryptocurrency investment at large do carry lots of risks, Bitcoin which is considered to be the safest crypto asset to invest in, in as much as this is true, there are still some underlying risks involved in investing in it, especially when investors do not not really understand the dynamics of Bitcoin investment and what it takes to ensure a solid bitcoin investment.
This is why it's always advised to always make sure that one gets the right information from the right sources, in order to avoid misinformation and misconceptions
You’re absolutely right about the risks associated with cryptocurrency investments, even with Bitcoin, which is often seen as the safest crypto asset. Understanding the dynamics of Bitcoin investment and what it takes to ensure a solid investment is crucial. This highlights the importance of getting accurate information from reliable sources to avoid misinformation and misconceptions. How do you usually verify the information and strategies you use for your cryptocurrency investments?
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We will not be able to make profit from all investments. But we have to try so that we can keep our investment in relatively good platform. In this case investing in Bitcoin can be more profitable than other investments. Investing in Bitcoin is not profitable in the short term, but in the long term there is a chance to make a definite profit. But if someone invests in altcoins, there is a chance to profit. But of course you have to take risks. If beginners invest money they can afford to lose and hold long-term investments in some of the top coins, they will be able to profit. And if one does not want to take too much risk then there is no alternative to investing in Bitcoin.
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A newbie that truly seek for advice will certainly found one, we have enough experienced members of this forum who are ready to render their best from what they have known concerning crypto by giving their quality contributions on any subject matter on discussion, we may not all know everything but the little we have idea about will definitely be given when asked in an open discussion thread like this on the forum.
Well, beginners must have a very high level of curiosity, this will make them work even harder to develop their knowledge about crypto.
They can join forums like this and they can learn a lot by using the internet, because in this day and age it is very easy to access things, when we type keywords on the search page everything will appear. There are also many content creators discussing Cryptocurrency currently.
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It is the same as going on with a pre-ico project and token release. I guess that as long as you are doing your thing and you know what you're purchasing with that pre market terms or in a p2p market then go for that goal you've got in your mind. But a pre market that is in a p2p basis and that means that the token isn't released yet and you should wait for its own actual launching right?
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It is the same as going on with a pre-ico project and token release. I guess that as long as you are doing your thing and you know what you're purchasing with that pre market terms or in a p2p market then go for that goal you've got in your mind. But a pre market that is in a p2p basis and that means that the token isn't released yet and you should wait for its own actual launching right?
When dealing up something on pre-market then it would really be needing up some sort of collateral on the moment that you would really be tending to buy up a particular
coin/token which hasnt that been released yet but the bad thing when buying up that too early on which it couuld neither be ending up on being that profitable
or would really be that totally negative yet listing price would really be that not something that could be predicted.
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It is the same as going on with a pre-ico project and token release. I guess that as long as you are doing your thing and you know what you're purchasing with that pre market terms or in a p2p market then go for that goal you've got in your mind. But a pre market that is in a p2p basis and that means that the token isn't released yet and you should wait for its own actual launching right?
When dealing up something on pre-market then it would really be needing up some sort of collateral on the moment that you would really be tending to buy up a particular
coin/token which hasnt that been released yet but the bad thing when buying up that too early on which it couuld neither be ending up on being that profitable
or would really be that totally negative yet listing price would really be that not something that could be predicted.
So, it's always the two result that we'll have - losing or winning. I guess that's it and the most chance that an investor gets in the pre market is about ending up profitable. But it's still unknown for most people that enters it. I hope that if ever OP decides to get into it, he'll get to share what has happened to him and with the token that he has invested and gives us an idea whether he's able to profit from it or not.
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I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.
From what I know so far, premarket facilitates peer-to-peer (P2P) trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. It allows buyers and sellers can establish orders in advance to execute trades as desired and complete the trade at a later time. That part's explanatory, but I'm sceptical about these type of transactions. Any advice would be helpful pls.
As a newbie, always do your own research. However, if you’re a project supporter, pre-market can be a way to get into a project early and potentially sell off when it lists. Personally, I've recently participated in pre-market for IO and LISTA. Consider this option, but make sure you understand what you're doing.
(https://i.ibb.co/5YXsMjq/images-1.jpg) (https://imgbb.com/)
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As a newbie, always do your own research. However, if you’re a project supporter, pre-market can be a way to get into a project early and potentially sell off when it lists. Personally, I've recently participated in pre-market for IO and LISTA. Consider this option, but make sure you understand what you're doing.
(https://i.ibb.co/5YXsMjq/images-1.jpg) (https://imgbb.com/)
Yeah.. Also, newbies are often imitators at the beginning. For example, I bought some Notcoin on this exchange pre-market before it started trading. And I was able to double my investment. If any newbie sees this, they might think pre-markets are always like this.
I also risked the same amount I spent on the Notcoin pre-market on this $Lista pre-market which I'm aware of the risks behind it.
Any newbie seeing me do this might think it's 100% profitable, which is not always the case.
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As a newbie, always do your own research. However, if you’re a project supporter, pre-market can be a way to get into a project early and potentially sell off when it lists. Personally, I've recently participated in pre-market for IO and LISTA. Consider this option, but make sure you understand what you're doing.
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Yeah.. Also, newbies are often imitators at the beginning. For example, I bought some Notcoin on this exchange pre-market before it started trading. And I was able to double my investment. If any newbie sees this, they might think pre-markets are always like this.
I also risked the same amount I spent on the Notcoin pre-market on this $Lista pre-market which I'm aware of the risks behind it.
Any newbie seeing me do this might think it's 100% profitable, which is not always the case.
Every time we invest in Cryptocurrench everything has risks, we just need to avoid altcoins that do not have support from large companies such as Binance Labs or others. Beginners often make this mistake because they don't have experience that can be used as an important lesson so that mistakes like that don't happen again.
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Every time we invest in Cryptocurrench everything has risks, we just need to avoid altcoins that do not have support from large companies such as Binance Labs or others. Beginners often make this mistake because they don't have experience that can be used as an important lesson so that mistakes like that don't happen again.
Cryptocurrency is a risky way of investment but it also depends on us that we are choosing less risky coins or higher risky coins and if we give time to exploration then this risk will turn into profit. Investment in every field is risky but there also exists some solutions and some strategies that will help us to make money from such a risky field.
Altcoins can also be profitable if we choose that altcoins about which we know everything and we know that it will not turn into a scam project. Risk is everywhere but we have to use our talent, skills and knowledge that will bring good results at the end so it is not a wise step to choose a random coin and leave the results on luck.
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Every time we invest in Cryptocurrench everything has risks, we just need to avoid altcoins that do not have support from large companies such as Binance Labs or others. Beginners often make this mistake because they don't have experience that can be used as an important lesson so that mistakes like that don't happen again.
Cryptocurrency is a risky way of investment but it also depends on us that we are choosing less risky coins or higher risky coins and if we give time to exploration then this risk will turn into profit. Investment in every field is risky but there also exists some solutions and some strategies that will help us to make money from such a risky field.
Altcoins can also be profitable if we choose that altcoins about which we know everything and we know that it will not turn into a scam project. Risk is everywhere but we have to use our talent, skills and knowledge that will bring good results at the end so it is not a wise step to choose a random coin and leave the results on luck.
This is the reason why we are advised to do our own research before investing in a coin or token. Crypto investment is highly volatile and as such can be classified as a risky investment which we are told to use funds we can afford to lose. If as a trader, you have no knowledge of trading, no skills,no nothing experience, it is advisable you do learn how it works otherwise you are heading for a doom.
I believe one should have a proper knowledge of what ever business or investment they are opting in because they would guide them through the process of holding through in the business. Research is very much important when it comes having knowledge about something you deem worth it. Information is power and as such, it is advisable to always have knowledge about what business you want to invest in.
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Every time we invest in Cryptocurrench everything has risks, we just need to avoid altcoins that do not have support from large companies such as Binance Labs or others. Beginners often make this mistake because they don't have experience that can be used as an important lesson so that mistakes like that don't happen again.
Cryptocurrency is a risky way of investment but it also depends on us that we are choosing less risky coins or higher risky coins and if we give time to exploration then this risk will turn into profit. Investment in every field is risky but there also exists some solutions and some strategies that will help us to make money from such a risky field.
Altcoins can also be profitable if we choose that altcoins about which we know everything and we know that it will not turn into a scam project. Risk is everywhere but we have to use our talent, skills and knowledge that will bring good results at the end so it is not a wise step to choose a random coin and leave the results on luck.
We really have to be brave enough to face existing risks to know the results. Without the courage to face existing risks, we will never have experience. With the experience we have had, it will be a very important lesson for us to make the right decisions for the future. Nothing can be achieved easily. Everything we want requires a process that must be diligent. In fact, no one can guarantee that we will always have good luck with what we do.
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As a newbie, always do your own research. However, if you’re a project supporter, pre-market can be a way to get into a project early and potentially sell off when it lists. Personally, I've recently participated in pre-market for IO and LISTA. Consider this option, but make sure you understand what you're doing.
(https://i.ibb.co/5YXsMjq/images-1.jpg) (https://imgbb.com/)
Yeah.. Also, newbies are often imitators at the beginning. For example, I bought some Notcoin on this exchange pre-market before it started trading. And I was able to double my investment. If any newbie sees this, they might think pre-markets are always like this.
I also risked the same amount I spent on the Notcoin pre-market on this $Lista pre-market which I'm aware of the risks behind it.
Any newbie seeing me do this might think it's 100% profitable, which is not always the case.
This is what beginners always see, they see the profits without seeing how many losses they experienced before getting a successful project, sometimes the capital is not covered by the existing profits,
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I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.
From what I know so far, premarket facilitates peer-to-peer (P2P) trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. It allows buyers and sellers can establish orders in advance to execute trades as desired and complete the trade at a later time. That part's explanatory, but I'm sceptical about these type of transactions. Any advice would be helpful pls.
- If I were you OP, here's my advice: there's no problem with me if you don't want to follow what I'm saying; it's better that you just turn your investment to other top altcoins in the market that have ready exchange listings where you can immediately trade the asset you are going to invest in. Rather than the new projects that are showing up in the crypto space.
Yes, they have the same risk involved, but the risk is higher when it's already in the pre-market, where you can only fomo or rug pull in the end. This is in agreement with my assessment.