Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: AlphaBeta on February 16, 2025, 04:11:59 AM
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
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Traditionally yes we have to look how good is the whitepaper, the use-cases and the people behind the project before we go in the water and get wet. The problem is that the market is already changing....most especially with the avalanche of memecoins where those things I mention do not matter that much anymore. I don't know but I think the cryptocurrency market is not evolving well on this aspect though there will always be good and solid projects around for sure but they are not getting the exposure and the support that they deserve instead we go for something that is hyped up with the aim of getting tremendous ROI on our investments. These days analyzing which projects will go on and make it to the top can be so difficult...we are now entering into the great gambling era of the market. Hence we will be prone to the pump and dump projects in the coming months...and I don't know whose fault is this situation.
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Of course it's very relevant and necessary to do as you said above that your own research is very important but I myself am currently looking for something new and I am less intense, just focusing on the old and time tested ones. If there is, I try to find an APY token model like BUIDL Auto-Staking Protocol. The development is very good and it can be seen from their presale achievements. But I don't always hold on for just a few weeks. The current price is 1 BUIDL = $23.77 in pancakes and it will likely go up again after they list on other exchanges.
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Maybe just pick from the projects that stood the test of times instead of hunting for these so called 'good projects'? There are so many trash new projects anyways that spending time to even read one or two pages of their whitepaper is already a huge waste of time. It's better to save your energy and let the market weed out the bad eggs for you.
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Traditionally yes we have to look how good is the whitepaper, the use-cases and the people behind the project before we go in the water and get wet. The problem is that the market is already changing....most especially with the avalanche of memecoins where those things I mention do not matter that much anymore. I don't know but I think the cryptocurrency market is not evolving well on this aspect though there will always be good and solid projects around for sure but they are not getting the exposure and the support that they deserve instead we go for something that is hyped up with the aim of getting tremendous ROI on our investments. These days analyzing which projects will go on and make it to the top can be so difficult...we are now entering into the great gambling era of the market. Hence we will be prone to the pump and dump projects in the coming months...and I don't know whose fault is this situation.
This makes a lot of sense, I especially liked the part about entering the "great gambling era". Do you think there's a way we can fix these issues you mentioned?
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Maybe just pick from the projects that stood the test of times instead of hunting for these so called 'good projects'? There are so many trash new projects anyways that spending time to even read one or two pages of their whitepaper is already a huge waste of time. It's better to save your energy and let the market weed out the bad eggs for you.
I get what you mean, but do you think this might have like an adverse effect long term, where people are not inclined to engage with new projects?
To be fair, like you I'm not a big fan of these kind of projects especially memecoins.
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I guess it depends on the background. Knowing that Argentina is a third-world country, based on the readings that I have seen, a lot of people now are hesitant about those kinds of things because of the recent meme coin fiasco with Trump. Maybe a lot of people have sorted this out as a potential money-making opportunity again, and that’s how they entered Libra. Then, poof, dumped.
It’s really hard to process what is good and what is not, but you need to manage your risk when you are involved in this type of market.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
i do not trust celebrities or popular people endorsing a coin especially if i know they have no background in that sense anyway they are just saying whatever they are being told to say and i would not be fooled
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement.
honestly speaking there is no 100% guarantee that a good looking project becomes successful over time but there would at least be signs showing you how much chances it has you are right that tokenomics must be heavily taken into account
check what would be the distribution of coins be like , how much in total would be in circulation, how much will be allocated for airdrops, how much would be given to the team and how much will be left for sale these are things that are important but sometimes are overlooked
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Maybe just pick from the projects that stood the test of times instead of hunting for these so called 'good projects'? There are so many trash new projects anyways that spending time to even read one or two pages of their whitepaper is already a huge waste of time. It's better to save your energy and let the market weed out the bad eggs for you.
I get what you mean, but do you think this might have like an adverse effect long term, where people are not inclined to engage with new projects?
I weigh in the pros and cons from a personal perspective. With more than 90% probability that the new tokens would die or end up a pump and dump scheme, I'd rather choose projects that already have a working product and with continues development. Besides, what else could these new projects offer that have not been introduced to the market yet? I would argue that a lot of what they claim as utility are just made up. Meaning, it's unnecessary or doesn't need a token.
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Re: How do you go about finding good projects?
I've always said in the past that focusing on the established coins is by far the best strategy if you don't want to get scammed or don't want to get rug pulled just like what happened a few days ago.
Sticking to the established coins is for me the safest strategy, but I'm not saying that it's 100% safe though because there are still coins that are ending up as a failed project for various reasons. FTX and Terra Luna are the most recent ones. In general, established coins have a proven track record, been tested in the market hence, they're less risky. Focusing on them would reduce of the chances of being a victim on these scams or rug pulls.
There are some things that you should consider if you're trying to find good projects such as the developers, the community behind it, the tokenomics itself, the whitepaper, and how secure it is.
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This makes a lot of sense, I especially liked the part about entering the "great gambling era". Do you think there's a way we can fix these issues you mentioned?
The era where the people who are still in the clouds are fooled and forced in a legal way to join in buying their damn meme coins with their pump and dump and seduction through their youtube accounts that ours will soon go to the moon. I don't know when this method will end.
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A president who is directly involved in cryptocurrency holds a lot of mystery... even though it is very much related to his government's future policies... if the steps taken are strategic steps, it will certainly have a good impact on the progress of cryptocurrency, but if the steps taken are only short-term steps, such as the release of memecoins or actions to support certain hypes, it certainly makes it worse... no resolution grows from it...
A president should make a policy that has a greater impact in the long term, if the steps he takes are serious and considered important, he should not do things just to create short-term FOMO.
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I guess it depends on the background. Knowing that Argentina is a third-world country, based on the readings that I have seen, a lot of people now are hesitant about those kinds of things because of the recent meme coin fiasco with Trump. Maybe a lot of people have sorted this out as a potential money-making opportunity again, and that’s how they entered Libra. Then, poof, dumped.
It’s really hard to process what is good and what is not, but you need to manage your risk when you are involved in this type of market.
This. The word " money making opportunity" is what it really is all about. Influencial people with huge number of community on social media has done this already and based on my observation they literally pump and then the worst will follow. That is how it works for them just pure money and profit nothing else.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Yes, It is not easy to analyse a project before investing a project or getting involved since there is too much information with different stakes behind every piece of information circulating in the market. You can begin with an urge for the project transparency to know whether it has a proper operations system, achievement goals, and actual values. This is also a picture of a developer’s activity of how much the project is really run seriously or is just seeking funds within a short span of time. In addition, very often the community formed around the project also gives an idea of how much the people’s trust is in it. There is higher probability that more people with strong reasons will come up to support a foundation of a project. Of course, there can still not be some type of certainty in the outcome where you are guaranteed to achieve a specific result, but it can leave you in a better position for the future where you have some type of established foundation with information.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
Did not knew he was endorsing some crypto project but if he is then the followers are at mistake because this is not how it works. For example, when he endorsed it it was at lower price and later with demand the price might have pumped just like when Elon changed his name into a meme coin and in start the price was lesser but with more demand and popularity the price starts to increase and at a point people start selling.
These schemes are just to make money they don't care for their followers much therefore the best practise is to avoid investing with money your lives depend on.
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If this is about short term investment and about high risks, high returns, then choose a project that is quite well-known and has the potential for much higher hype. And related to global public figures who do have a strong influence globally. But once again, this is high risks and high returns.
For various new projects, whether they have been analyzed by whitepapers and several other things, it is actually quite difficult to find that the project is truly legit.
The most important thing is to invest in top coins, Bitcoin is a must, and then only top coins that are still in the top 10. Make sure BTC is a priority with the largest percentage.
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To find out good projects, we are better to choose the top crypto coin projects. We just check the Coinmarketcap, choose the top crypto coins to invest in good projects. I don't recommend to choose new projects, we have too many scam projects. It is difficult to trust new projects now because most of them are rugpul projects. So if you want to get good projects, just choose old projects with popular coins. The top 50 are the safest crypto projects.
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If this is about short term investment and about high risks, high returns, then choose a project that is quite well-known and has the potential for much higher hype. And related to global public figures who do have a strong influence globally. But once again, this is high risks and high returns.
For various new projects, whether they have been analyzed by whitepapers and several other things, it is actually quite difficult to find that the project is truly legit.
The most important thing is to invest in top coins, Bitcoin is a must, and then only top coins that are still in the top 10. Make sure BTC is a priority with the largest percentage.
Selecting a project that enjoys public recognition and many people’s likely interest in the short term, but which is considered high-risk, makes considerably more sense. In this day and age, involvement of outside personalities and sentiments from the international market can greatly improve the value of an asset within the space of several hours. But at the same time, it is necessary to be careful, as is still there many glamorous projects, which have no firm ground. Given that assets with large trading histories are less sensitive to extreme volatility, major coins especially those with compounded record in the market share considerable preference as opposed to the relatively new trading assets. Therefore, by maintaining the largest portion in relatively safer investments, then the chances of participating in high risk speculation more than warranted is curtailed. Therefore, the actions done with estimations will increase the likelihood of positioning against different scenarios in the market place.
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This makes a lot of sense, I especially liked the part about entering the "great gambling era". Do you think there's a way we can fix these issues you mentioned?
The era where the people who are still in the clouds are fooled and forced in a legal way to join in buying their damn meme coins with their pump and dump and seduction through their youtube accounts that ours will soon go to the moon. I don't know when this method will end.
The era of campaign on ICOs, IDOs, IEOs will definitely continue, and it remains an individual choice to participate, and i don't considered this processes as a must investments era.
Meme coins investing has been on the rise, unfortunately many of them are pump and dump projects, therefore, It is advisable to search thoroughly before investing.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Yes, It is not easy to analyse a project before investing a project or getting involved since there is too much information with different stakes behind every piece of information circulating in the market. You can begin with an urge for the project transparency to know whether it has a proper operations system, achievement goals, and actual values. This is also a picture of a developer’s activity of how much the project is really run seriously or is just seeking funds within a short span of time. In addition, very often the community formed around the project also gives an idea of how much the people’s trust is in it. There is higher probability that more people with strong reasons will come up to support a foundation of a project. Of course, there can still not be some type of certainty in the outcome where you are guaranteed to achieve a specific result, but it can leave you in a better position for the future where you have some type of established foundation with information.
This makes a lot of sense, and when you think about it, you don't see stuffs like this with a lot of projects especially memecoins, and its probably why a lot of them don't do well.
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A president who is directly involved in cryptocurrency holds a lot of mystery... even though it is very much related to his government's future policies... if the steps taken are strategic steps, it will certainly have a good impact on the progress of cryptocurrency, but if the steps taken are only short-term steps, such as the release of memecoins or actions to support certain hypes, it certainly makes it worse... no resolution grows from it...
A president should make a policy that has a greater impact in the long term, if the steps he takes are serious and considered important, he should not do things just to create short-term FOMO.
I'm not even sure someone with that much power should be allowed to influence things like crypto.
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Read a project's roadmap and white paper to get an idea of the project's future plans. And to choose a project they must have a good product or service through which they can maintain the hype in the market and do much better in the future. So researching a project well can understand how much potential that project has. I always note that no matter how unique a project comes to the market with an idea, a project that copies another project can never have potential.
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Read a project's roadmap and white paper to get an idea of the project's future plans. And to choose a project they must have a good product or service through which they can maintain the hype in the market and do much better in the future. So researching a project well can understand how much potential that project has. I always note that no matter how unique a project comes to the market with an idea, a project that copies another project can never have potential.
This were for the old days of tokens and when it comes to to their ICO or similar. For todays crypto development where most focus on memes i guess people just choose the "famous" factor of the tokens and risk on it.
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This were for the old days of tokens and when it comes to to their ICO or similar. For todays crypto development where most focus on memes i guess people just choose the "famous" factor of the tokens and risk on it.
True. It is a common way that we used in ICO or the like. Nowadays, there are too many meme coins, so it is difficult to analyze the future of the new coins. There is no way to determine the future of meme coins, it totally has no fundamental. Honestly, I don't understand why developer prefer meme coins. It may be caused of bigger demand in meme coins. Yes, meme coins seem most famous in this cycle.
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If this is about short term investment and about high risks, high returns, then choose a project that is quite well-known and has the potential for much higher hype. And related to global public figures who do have a strong influence globally. But once again, this is high risks and high returns.
Selecting a project that enjoys public recognition and many people’s likely interest in the short term, but which is considered high-risk, makes considerably more sense. In this day and age, involvement of outside personalities and sentiments from the international market can greatly improve the value of an asset within the space of several hours.
Yes, because if it is related to a global public figure who already has a big influence, then there will be many entries and people who enter the project. Either because of just FOMO or because they will indeed take advantage of it all. What is certain is that it makes more sense than a new meme coins project that has an unclear concept and developer. However, yes, you really have to be observant and also have the right time, because if you miss the moment even a little, it will be quite risky. And that too, you have to be smart to see the situation that might happen in a few minutes. If you feel that you are making profits in a certain period, then taking profits immediately is very good rather than being too greedy and losing later
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For various new projects, whether they have been analyzed by whitepapers and several other things, it is actually quite difficult to find that the project is truly legit.
The most important thing is to invest in top coins, Bitcoin is a must, and then only top coins that are still in the top 10. Make sure BTC is a priority with the largest percentage.
Here does not answer the question, "How to find good projects" ... we know that Bitcoin is the best in the crypto world, and looking for better projects that come in the altcoin space, we can see the development of ETH, SOL and TON ... yes, the age of the project greatly affects our view of its good and bad assessments, but it does not mean that there are no good projects that have just been born recently ... Some may have interesting use cases, but because they are not carried away by the hype, they are not glanced at by many people. The win rate of new projects launched in the cryptocurrency world is quite small ... so it is natural that the high risk, high return loss theory is increasingly popular for early bird position hunters, it is quite detrimental, and only a less people get their benefits
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I'm not even sure someone with that much power should be allowed to influence things like crypto.
I don't think we can't limit how much power somebody has though, especially when it doesn't materialize in the legal or political landscape. Besides, how do you enforce the limitation unless you want to control the market strictly? Not to mention we have cases like McAfee where people started to distrust him after he kept promoting scam tokens. If the market matures, I believe they won't fall for scammy promises even if they come from the president. I also believe this issue is not limited to crypto. Stocks or mineral markets can be affected by shady news or famous investors' decisions too. CMIIW.
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This were for the old days of tokens and when it comes to to their ICO or similar. For todays crypto development where most focus on memes i guess people just choose the "famous" factor of the tokens and risk on it.
True. It is a common way that we used in ICO or the like. Nowadays, there are too many meme coins, so it is difficult to analyze the future of the new coins. There is no way to determine the future of meme coins, it totally has no fundamental. Honestly, I don't understand why developer prefer meme coins. It may be caused of bigger demand in meme coins. Yes, meme coins seem most famous in this cycle.
Those developers will really be that putting up a focus on where money is currently flowing on which it is really that evident or really that obvious because basing up on the volume that it do creates then it will really be that that overtaking up some other centralized exchangers by those decentralized ones when it comes to volume. It is never been that too easy that you will be finding up some potential projects or coins for you to invest. If we do consider out on how many projects that launches then we can say that this market is already that saturated and this is why when you do make out investment then always consider out the risk and just that risks on what you can afford to lose.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
I have proven that myself that being endorsed by popular personalities is not a guarantee that the project will not do a rug pull; these personalities will even deny that they are the ones promoting the project and blame hackers for hacking his social media account.
You can take note of who is promoting the project you are interested in, but it should not be the main reason why you will invest on that project.
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Research and due diligence. The first step to finding new crypto coins quickly is to conduct thorough research and due diligence. This includes keeping up to date with industry news with reading white papers and analyzing the team behind the project. Especially how strong the partnership of the project is because if the partnership is good, the project can raise a lot of funds for the future development. The best cryptos for long-term investing have strong fundamentals and the real world applications and growing acceptance.
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Research and due diligence. The first step to finding new crypto coins quickly is to conduct thorough research and due diligence. This includes keeping up to date with industry news with reading white papers and analyzing the team behind the project. Especially how strong the partnership of the project is because if the partnership is good, the project can raise a lot of funds for the future development. The best cryptos for long-term investing have strong fundamentals and the real world applications and growing acceptance.
Cryptocurrency market definitely should be researched with much focus so that more promising projects can be identified for further development. Seeing how the industry grows and advances, finding detailed information about a particular project and then descend further into investor’s information are a much broader perspective. It is through the support they receive, including cooperation with other people who have high credibility in the execution the success of a certain project is determined. Hence, there is something that cannot be overlooked and this is the need to ensure that the project is adequately anchored and has the needed development plan. In this systematic manner, it is possible to select the assets that will indeed create a value and be worthwhile for the long term.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
I rarely invest in a token just because I heard someone's positive opinion. News or personal influence does not have much impact on my DCA tactics. I only choose tokens that have been listed on major CEXs and have the potential to DCA. I don't all-in on tokens that are advertised by someone, even if that person is the president of a large country.
To determine the potential of a token, I refer to many videos on Youtube from basic analysis teams. They have enough knowledge to understand the value of the project, I only refer to it before deciding to put my trust and capital in that token. FOMO into a newly launched token that is related to political factors (TRUMP, MELANIA and LIBRA) is not a smart choice.
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I'm actually not good at analyzing a project to determine whether it's good or not, but the little I can learn is who the people are in the project will have a big influence on the development of the project. Then the Ecosystem that joins the project can also affect the success of a project, actually there are many factors that can make a new Crypto project good or not including the large number of communities that support it.
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I'm actually not good at analyzing a project to determine whether it's good or not, but the little I can learn is who the people are in the project will have a big influence on the development of the project. Then the Ecosystem that joins the project can also affect the success of a project, actually there are many factors that can make a new Crypto project good or not including the large number of communities that support it.
Im not also good and a bit lazy but even just using up your common sense on what you should seek on which it will be basing up into its WP or utility/usecase but we cant deny the fact that even with the shittiest coin/token outthere do really make out that significant moonshot and this is where investors are really that trying out to chase and thats why they do really end up on having that interest on dealing up with meme coins on which this isnt really that shocking anymore. Community hype and interest are the main consideration for most people because they can assume out that this is something that will trigger out that moonshot on a specific project no matter how shit it would be.
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I'm actually not good at analyzing a project to determine whether it's good or not, but the little I can learn is who the people are in the project will have a big influence on the development of the project. Then the Ecosystem that joins the project can also affect the success of a project, actually there are many factors that can make a new Crypto project good or not including the large number of communities that support it.
Im not also good and a bit lazy but even just using up your common sense on what you should seek on which it will be basing up into its WP or utility/usecase but we cant deny the fact that even with the shittiest coin/token outthere do really make out that significant moonshot and this is where investors are really that trying out to chase and thats why they do really end up on having that interest on dealing up with meme coins on which this isnt really that shocking anymore. Community hype and interest are the main consideration for most people because they can assume out that this is something that will trigger out that moonshot on a specific project no matter how shit it would be.
I think everyone also has their unique way of evaluating to seriously consider how suitable a project is, in terms of both its functional value and the possibility of business development. Thus, it can be discussed that over and over again theсыr community interest remains the only driving force that causes the price of the asset to rise even where the project does not have a very solid background. This is a clear indication of the market system how it does not function according to the technicality of the move but rather, sentiment and trend. It is understandable that some choose the assets, which have a strong background while others are ready to buy those, which offer profit according to the hype. In any circumstances a market movement analysis gives a best understanding of which direction to turn in.
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I'm actually not good at analyzing a project to determine whether it's good or not, but the little I can learn is who the people are in the project will have a big influence on the development of the project. Then the Ecosystem that joins the project can also affect the success of a project, actually there are many factors that can make a new Crypto project good or not including the large number of communities that support it.
If you're not good to analyze the project, you can choose top project. Yes, the community has a big role to develop the project. Without the community, the demand of the coins/tokens can be very small. If this happens, sometimes the projects can't survive a long time. So the coins/tokens of the projects will dissapear very soon. You must know well the power of community, they can influence other new people to join the projects.
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If you're not good to analyze the project, you can choose top project. Yes, the community has a big role to develop the project. Without the community, the demand of the coins/tokens can be very small. If this happens, sometimes the projects can't survive a long time. So the coins/tokens of the projects will dissapear very soon. You must know well the power of community, they can influence other new people to join the projects.
I agree, Community plays an important role in the progress and development of a crypto project. Because strong support from a large community can provide its own strength that can make a crypto project the top.
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If you're not good to analyze the project, you can choose top project. Yes, the community has a big role to develop the project. Without the community, the demand of the coins/tokens can be very small. If this happens, sometimes the projects can't survive a long time. So the coins/tokens of the projects will dissapear very soon. You must know well the power of community, they can influence other new people to join the projects.
I agree, Community plays an important role in the progress and development of a crypto project. Because strong support from a large community can provide its own strength that can make a crypto project the top.
A large community will attract investors to invest in the project.
I also agree, the community plays a very important role in a project.
Let's look at XRP, which in previous years had problems with the SEC, finally with its large community it was able to survive and is now ranked third on CMC
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A large community will attract investors to invest in the project.
I also agree, the community plays a very important role in a project.
Let's look at XRP, which in previous years had problems with the SEC, finally with its large community it was able to survive and is now ranked third on CMC
XRP has a good relationship with the current US political world, while the SEC has been successfully tamed by Trump... it can be said that the big threat to XRP is no longer there, so some strategic cooperation between XRP and Trump can run more easily... the role of the community does exist, but the significant influence is from the US government which announced that they are pro cryptocurrency..
The comeback of XRP which was originally a normal price of $ 0.5 is now between $ 2 - $ 3 is an interesting opportunity that when US politics starts to run, XRP has a greater chance of being a coin that is more widely adopted, XRP's current position is quite good to have.
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A large community will attract investors to invest in the project.
I also agree, the community plays a very important role in a project.
Let's look at XRP, which in previous years had problems with the SEC, finally with its large community it was able to survive and is now ranked third on CMC
It still didn't blow off as expected, though, yeah, it at least stays afloat even when the market corrects itself. Good for them.
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Finding a good project is not as easy as that, we have to take time in accumulating resources together in other to get a particular course to why we should choose a coin for an investment, the findings we engaged doing helps in so many ways, we are going to know about such project by that means and also acted accordingly to how we wanted to respond towards choosing it as our investment.
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Finding a good project is not as easy as that, we have to take time in accumulating resources together in other to get a particular course to why we should choose a coin for an investment, the findings we engaged doing helps in so many ways, we are going to know about such project by that means and also acted accordingly to how we wanted to respond towards choosing it as our investment.
Too many factors to consider, sometimes.
So much so, even if the stars align right through these facts, the project itself can still leave us without rewards / have difficulties popping off.
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A large community will attract investors to invest in the project.
I also agree, the community plays a very important role in a project.
Let's look at XRP, which in previous years had problems with the SEC, finally with its large community it was able to survive and is now ranked third on CMC
If there is a project that has a large community, it means that the crypto project is good. Because if the project is bad, people will not want to support the project, so automatically if the project is good, it will bring people to want to support it. And this has a big influence on the project.
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Yes, the influence of the community in a New start up project or the existing project help on a big ways to enhance the project developments, it is a fact that the bigger the community of user, the better for continuous growth and developments of a projects over times.
In addition, as we know, crypto is a community driven ecosystem, and one of the factors to consider before choosing a project for investments.
Again, the founders of a project is also very important, and considering the real identity of the team will boost investors confidence.
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I'm actually not good at analyzing a project to determine whether it's good or not, but the little I can learn is who the people are in the project will have a big influence on the development of the project. Then the Ecosystem that joins the project can also affect the success of a project, actually there are many factors that can make a new Crypto project good or not including the large number of communities that support it.
You make a good point about people involved in the project for example if Cz becomes a part of a project that project will certainly be a successful one because people would trust CZ for that project and that project can get more investment than usual too.
Communities are not necassary because I have seen many projects raising from scratch and then getting billions of market cap without big communities just on the basis of their usecase therefore I don't think communities are necassary.
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If there is a project that has a large community, it means that the crypto project is good. Because if the project is bad, people will not want to support the project, so automatically if the project is good, it will bring people to want to support it. And this has a big influence on the project.
Large community doesn't guarantee the project to survive well a long time. The projects of meme coins have large community but we don't know how the future of the meme coin projects. Many of meme coin projects stopped after few months or years, we can't expect too much on the new meme coin projects because they have no strong fundamentals. So, we don't solely rely on the factor of large community because it can't guarantee the successful projects.
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If there is a project that has a large community, it means that the crypto project is good. Because if the project is bad, people will not want to support the project, so automatically if the project is good, it will bring people to want to support it. And this has a big influence on the project.
Large community doesn't guarantee the project to survive well a long time. The projects of meme coins have large community but we don't know how the future of the meme coin projects. Many of meme coin projects stopped after few months or years, we can't expect too much on the new meme coin projects because they have no strong fundamentals. So, we don't solely rely on the factor of large community because it can't guarantee the successful projects.
A large community can guarantee good publicity and awareness of a project as they'd like but that does not guarantee the longevity of such a project. I will use Hamster Kombat as a case study and it was so popular that it sounded like a national anthem. It became the largest airdrop community of all time but what happened, where are they now, is anybody hearing about the project anymore? I believe the answer would be NO.
Projects of such nature build on hype and nothing much because they only have influencers and celebrities doing their paid job for them which builds the hype the project goes with them and after that, all of them dump on investors and go their ways just like the Trump meme coin and lots were trapped at high they bought.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Looking at a project white paper is very important but note also that White paper alone is not enough evidence to prove the legitness of a project, and we should not read all those new projects' white papers that we have not verified since it's proven that most and many white papers can be doctored and copied from other sources aside the project that claims to own it.
Let's say project B can copy the white paper of a successfully run project A and claims it to belong to them even though eventually they are lying, so relying on white paper is a bit more risky than it was before.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Looking at a project white paper is very important but note also that White paper alone is not enough evidence to prove the legitness of a project, and we should not read all those new projects' white papers that we have not verified since it's proven that most and many white papers can be doctored and copied from other sources aside the project that claims to own it.
Let's say project B can copy the white paper of a successfully run project A and claims it to belong to them even though eventually they are lying, so relying on white paper is a bit more risky than it was before.
Many white papers are just copy paste from other projects, so we have to be careful in reading them.
Investing in a new project requires research and caution, because it is very risky.
Discussing the community in a new project is indeed needed, although it does not guarantee the success of the project because there must be good fundamentals.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Trusting celebrities or public figures in crypto can be risky. The best way to protect yourself is by doing solid research. Check the white paper, team and tokenomics to spot red flags like unfair distributions. Use blockchain explorers to track token movements and watch for sudden dumps. Also look at real use cases and community engagement. Hype alone isn't enough.
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If there is a project that has a large community, it means that the crypto project is good. Because if the project is bad, people will not want to support the project, so automatically if the project is good, it will bring people to want to support it. And this has a big influence on the project.
Large community doesn't guarantee the project to survive well a long time. The projects of meme coins have large community but we don't know how the future of the meme coin projects. Many of meme coin projects stopped after few months or years, we can't expect too much on the new meme coin projects because they have no strong fundamentals. So, we don't solely rely on the factor of large community because it can't guarantee the successful projects.
Speaking about meme coins then we do know that they do have that strong community at first but once those who have bought on the bottom had already cashed out, then they would be that totally stop and look for another coin and the cycles goes on. The only ones who would be that left out is into those who had bought on the peak on which this is the usual case and this is why its never been that recommended that you should be focusing alone with that kind of sentiment because you wouldnt really be able to make up some finalization that this is a good meme coin. This is where people do say that this is one is really that like a gambling because there are no fundamentals that backing up these meme coins and just simply driven with FOMO and hype and once it dies down then it will be totally not be able to recover.
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Many white papers are just copy paste from other projects, so we have to be careful in reading them.
Investing in a new project requires research and caution, because it is very risky.
Discussing the community in a new project is indeed needed, although it does not guarantee the success of the project because there must be good fundamentals.
You are right, when investing in a new project, one needs to have basic knowledge about the project they are putting their funds so that they do not run into scammers. These days, crypto investment is far beyond just reading the white paper because that is just a fake, and scammers now use it to get at their victims who have no idea how the system works, they know most investors want to see it so they could have clues about their project and this alone makes them plagiarise other projects whitepaper and the investors who have no idea would just be deceived and put their funds into a fake and scam project.
On the other platform last year, there were lots of projects that were exposed as a result of plagiarism and it was obvious that it was a word for word and with just a little difference which wasn't hidden. The community was able to spot it and they got nuked for that act. You could imagine that if the community had noticed it immediately, they could have had their way and made away with investor's funds. These days it is now far beyond the whitepaper but the team involved and what the project has been able to come up with and they launching their presales on a reputable platform worth the investment so that investors would have that confidence in putting their funds in their project.
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If there is a project that has a large community, it means that the crypto project is good. Because if the project is bad, people will not want to support the project, so automatically if the project is good, it will bring people to want to support it. And this has a big influence on the project.
Large community doesn't guarantee the project to survive well a long time. The projects of meme coins have large community but we don't know how the future of the meme coin projects. Many of meme coin projects stopped after few months or years, we can't expect too much on the new meme coin projects because they have no strong fundamentals. So, we don't solely rely on the factor of large community because it can't guarantee the successful projects.
If it is a meme coin project, the large community here is not to support the sustainability of the project. But they only want to get a momentary profit, and after they get profit from the meme coin then they will leave and look for a new meme coin. But unlike the layer 1 project, this community has a strong commitment to the growth of the project.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Analyzing on explorers to track the token's movement is the best way to be ahead of all the community except the ones also analyzing. If the project team has good tokenomics like most of the funds are not held by the owner of the project then the project might not rug pull like happened with Argentina's President.
Most of the funds of that project were in holdings of the owner and when there was enough liquidity, he sold them all and President was the main picture of promotion so he was blamed whole everyone traded and promoted was equally responsible for what happened as it was a generic mistake from everyone.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Analyzing on explorers to track the token's movement is the best way to be ahead of all the community except the ones also analyzing. If the project team has good tokenomics like most of the funds are not held by the owner of the project then the project might not rug pull like happened with Argentina's President.
Most of the funds of that project were in holdings of the owner and when there was enough liquidity, he sold them all and President was the main picture of promotion so he was blamed whole everyone traded and promoted was equally responsible for what happened as it was a generic mistake from everyone.
too bad for that man. his reputation suffers from then on. you can't just expect someone who knows BTC and supports BTC but to track tokens of a project he promotes i don't think he knows that at all. and that man also has numbers of enemies.
there is no way to find a good project but to wait til its among the top tokens on CMC. all other tokens are not good until it has climbed up the ranks.
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If there is a project that has a large community, it means that the crypto project is good. Because if the project is bad, people will not want to support the project, so automatically if the project is good, it will bring people to want to support it. And this has a big influence on the project.
Large community doesn't guarantee the project to survive well a long time. The projects of meme coins have large community but we don't know how the future of the meme coin projects. Many of meme coin projects stopped after few months or years, we can't expect too much on the new meme coin projects because they have no strong fundamentals. So, we don't solely rely on the factor of large community because it can't guarantee the successful projects.
If it is a meme coin project, the large community here is not to support the sustainability of the project. But they only want to get a momentary profit, and after they get profit from the meme coin then they will leave and look for a new meme coin. But unlike the layer 1 project, this community has a strong commitment to the growth of the project.
It is evident that the community in the digital asset world has its unique features. It may encompass people who are looking for quick and easy deals, as well as those who are interested in actively participate in development of the project in the long run. This is quite reasonable indeed, as people have personal motives and expectations when coming to decision-making. But, of course, if values are carried out, technologies are well thought out, all the team members had their dreams, there is always a group of people who will see that this project is viable and further work on it. Therefore, the ultimate rate of sustainability of a project is hinged on the value such a project brings to the community not the glamour they seem to have at first sight.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Analyzing on explorers to track the token's movement is the best way to be ahead of all the community except the ones also analyzing. If the project team has good tokenomics like most of the funds are not held by the owner of the project then the project might not rug pull like happened with Argentina's President.
Most of the funds of that project were in holdings of the owner and when there was enough liquidity, he sold them all and President was the main picture of promotion so he was blamed whole everyone traded and promoted was equally responsible for what happened as it was a generic mistake from everyone.
too bad for that man. his reputation suffers from then on. you can't just expect someone who knows BTC and supports BTC but to track tokens of a project he promotes i don't think he knows that at all. and that man also has numbers of enemies.
there is no way to find a good project but to wait til its among the top tokens on CMC. all other tokens are not good until it has climbed up the ranks.
I think your suggestion is good, we can say a project is good if it is already in the top CMC coin, this is a proof. But if it is already in the top CMC coin of course the price is already expensive. We also have to have a good analysis in conducting research on new projects that will become top coins in the future, this requires experience and I do not yet have the ability to analyze and predict which projects will be good in the future.
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Large community doesn't guarantee the project to survive well a long time. The projects of meme coins have large community but we don't know how the future of the meme coin projects. Many of meme coin projects stopped after few months or years, we can't expect too much on the new meme coin projects because they have no strong fundamentals. So, we don't solely rely on the factor of large community because it can't guarantee the successful projects.
I agree with this. There are several things, I once found that a telegram group that had a lot of members and the group seemed active, but it turned out that it was a buzzer or fake account that was deliberately created to attract real investors. But not all groups are like that. There must be several other factors that convince us that it is a scam or not. But we must be much more careful. It would be better if we already know and understand some things about the project so that we will not easily fall into fraud and scams.
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Large community doesn't guarantee the project to survive well a long time. The projects of meme coins have large community but we don't know how the future of the meme coin projects. Many of meme coin projects stopped after few months or years, we can't expect too much on the new meme coin projects because they have no strong fundamentals. So, we don't solely rely on the factor of large community because it can't guarantee the successful projects.
I agree with this. There are several things, I once found that a telegram group that had a lot of members and the group seemed active, but it turned out that it was a buzzer or fake account that was deliberately created to attract real investors. But not all groups are like that. There must be several other factors that convince us that it is a scam or not. But we must be much more careful. It would be better if we already know and understand some things about the project so that we will not easily fall into fraud and scams.
Actually, there are many groups that only contain influencers or fake accounts to attract other members or investors so that the group looks active.
I think that's their strategy, I don't consider it a scam because they only promote their project by making their group active.
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Actually, there are many groups that only contain influencers or fake accounts to attract other members or investors so that the group looks active. I think that's their strategy, I don't consider it a scam because they only promote their project by making their group active.
Yeah, you are right. Some groups can't be trusted, they are only the people who spread false issues. Or they are paid for promoting certain projects. So, we don't fully trust on any social media group, it is better to do own research.
I personally prefer to choose old projects. Or the projects that look like to have good development. I don't choose new projects anymore in this cycle, I can't trust any new project. We have top coins, why we don't choose those top coins projects.
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Yeah, you are right. Some groups can't be trusted, they are only the people who spread false issues. Or they are paid for promoting certain projects. So, we don't fully trust on any social media group, it is better to do own research.
I personally prefer to choose old projects. Or the projects that look like to have good development. I don't choose new projects anymore in this cycle, I can't trust any new project. We have top coins, why we don't choose those top coins projects.
Risks always lie in new projects, especially when they deliberately hide developer team information. I never touch those projects, I'd rather buy BTC for better safety.
New projects are often mentioned or listed on CEXs. Investing in IDO is no longer popular, IEO may be an alternative. Investors can look to top CEXs to participate in IEOs of potential new projects.
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Yeah, you are right. Some groups can't be trusted, they are only the people who spread false issues. Or they are paid for promoting certain projects. So, we don't fully trust on any social media group, it is better to do own research.
I personally prefer to choose old projects. Or the projects that look like to have good development. I don't choose new projects anymore in this cycle, I can't trust any new project. We have top coins, why we don't choose those top coins projects.
Risks always lie in new projects, especially when they deliberately hide developer team information. I never touch those projects, I'd rather buy BTC for better safety.
New projects are often mentioned or listed on CEXs. Investing in IDO is no longer popular, IEO may be an alternative. Investors can look to top CEXs to participate in IEOs of potential new projects.
I prefer new projects that build communities and they do not disappoint their communities, because from some of their projects that I have seen, their success is also inseparable from the communities that they have successfully built.
While those who also end up becoming failed projects because they fail to build a community, or in other words they disappoint their own community that they have built from the beginning.
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If there is a project that has a large community, it means that the crypto project is good. Because if the project is bad, people will not want to support the project, so automatically if the project is good, it will bring people to want to support it. And this has a big influence on the project.
Large community doesn't guarantee the project to survive well a long time. The projects of meme coins have large community but we don't know how the future of the meme coin projects. Many of meme coin projects stopped after few months or years, we can't expect too much on the new meme coin projects because they have no strong fundamentals. So, we don't solely rely on the factor of large community because it can't guarantee the successful projects.
You are right as large community do not really sustain projects with no utility value or use case, the community is just there to get what they want and they go their way when it seems they can no longer get anything anymore after airdrop distribution. This is mostly common with meme coin projects which are always after the crowd to build the hype which triggers public awareness of the project and this does not often last long because after a short time, the meme coin goes extinct and nobody hears about it again. So it does not matter whether the crowd or large community supports a project but what matters is the utility value of the project to sustain the crowd and even go as far as attracting more crowd to the project as the case may be.
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I prefer new projects that build communities and they do not disappoint their communities, because from some of their projects that I have seen, their success is also inseparable from the communities that they have successfully built.
While those who also end up becoming failed projects because they fail to build a community, or in other words they disappoint their own community that they have built from the beginning.
Absolutely right, most important to know success or not any project depend how their service for community exactly if any project launch an airdrop event have distribute fairly to airdrop participants or not. I found have any project get automatically failure when making community get disappointed and difficult raise up to higher price although their project success when pre sale event.
If any project failed get trusted from community, when listing at market difficult to get high interested from investor want to buy their coins or make as long term investment assets.
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I prefer new projects that build communities and they do not disappoint their communities, because from some of their projects that I have seen, their success is also inseparable from the communities that they have successfully built.
While those who also end up becoming failed projects because they fail to build a community, or in other words they disappoint their own community that they have built from the beginning.
Absolutely right, most important to know success or not any project depend how their service for community exactly if any project launch an airdrop event have distribute fairly to airdrop participants or not. I found have any project get automatically failure when making community get disappointed and difficult raise up to higher price although their project success when pre sale event.
If any project failed get trusted from community, when listing at market difficult to get high interested from investor want to buy their coins or make as long term investment assets.
Well, that's the point that can't be forgotten. The community will help them spread the good news so that many big investors will eventually be interested in taking part.
The community cannot be underestimated, even though they are not directly part of the team, they also contribute to helping the success of a project. And it cannot be denied that big and successful projects also value their community very well.
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I prefer new projects that build communities and they do not disappoint their communities, because from some of their projects that I have seen, their success is also inseparable from the communities that they have successfully built.
While those who also end up becoming failed projects because they fail to build a community, or in other words they disappoint their own community that they have built from the beginning.
Absolutely right, most important to know success or not any project depend how their service for community exactly if any project launch an airdrop event have distribute fairly to airdrop participants or not. I found have any project get automatically failure when making community get disappointed and difficult raise up to higher price although their project success when pre sale event.
If any project failed get trusted from community, when listing at market difficult to get high interested from investor want to buy their coins or make as long term investment assets.
Well, that's the point that can't be forgotten. The community will help them spread the good news so that many big investors will eventually be interested in taking part.
The community cannot be underestimated, even though they are not directly part of the team, they also contribute to helping the success of a project. And it cannot be denied that big and successful projects also value their community very well.
The community does have an important role in the success of a project, because a large community will attract new investors to come in.
We understand the fundamentals, the more investors enter the project the more successful it will be.
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It's hard to find a good project nowadays, if not researched properly, whitepapers are now different from the old ones, where we can read and see who is behind the scenes of a token project, now whitepapers still need other supporting factors, because most whitepapers are currently the development of old projects that are outdated and updated so that they are like new projects, it is right if you want to invest, then invest in old coins that have given results,
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Well, that's the point that can't be forgotten. The community will help them spread the good news so that many big investors will eventually be interested in taking part.
The community cannot be underestimated, even though they are not directly part of the team, they also contribute to helping the success of a project. And it cannot be denied that big and successful projects also value their community very well.
The community does have an important role in the success of a project, because a large community will attract new investors to come in.
We understand the fundamentals, the more investors enter the project the more successful it will be.
Well once again, therefore the project cannot underestimate the community, because once again the community has a very important role. If you disappoint them, then be prepared for the project to experience a problem.
The community becomes loyal in waiting from the start of a project being built until it is launched. So I think this cannot be separated between the community and the project that is running.
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It's hard to find a good project nowadays, if not researched properly, whitepapers are now different from the old ones, where we can read and see who is behind the scenes of a token project, now whitepapers still need other supporting factors, because most whitepapers are currently the development of old projects that are outdated and updated so that they are like new projects, it is right if you want to invest, then invest in old coins that have given results,
We must be thorough and careful in choosing a new project, because there are indeed many supporting factors that will make the project successful in the future. Not only the Whitepaper but also the team of the project, and what should not be forgotten is who the partners of the project are and how big the supporting community is.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
Including Donald Trump who hyped the $TRUMP token from the Solana blockchain is also now dropping far below its all-time high. We can't trust Javier Milei (Argentina's President) as an endorsement of crypto coins, we still have to be careful in every step.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Research by ourselves is the most important and that is our key to stay away from Scam in crypto. Don't forget we also have to DWYOR and DYOR, these two tricks should not be missed.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Whitepaper and core team seem to be a must-watch in every project because I see that these two candidates are very vital, if the team is in doubt then I am sure it will end in negative results.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
Researching the quality of a project is quite burdensome but vital to enable one invest in the right project. Here are a few ways that one can use in determining if a project is worth investing in. The first is researching of the background, experience and as well the credibility of the developers and founders of the project.
Another is for one to make research to know if the team members are publicly known or is the project anonymous. Lack of clear transparency is a red flag. And also one can check to know the community engagement which can be done through checking for active discussions on their social media handles.
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It's hard to find a good project nowadays, if not researched properly, whitepapers are now different from the old ones, where we can read and see who is behind the scenes of a token project, now whitepapers still need other supporting factors, because most whitepapers are currently the development of old projects that are outdated and updated so that they are like new projects, it is right if you want to invest, then invest in old coins that have given results,
We must be thorough and careful in choosing a new project, because there are indeed many supporting factors that will make the project successful in the future. Not only the Whitepaper but also the team of the project, and what should not be forgotten is who the partners of the project are and how big the supporting community is.
in studying a new project we have to do research, as you said we have to know who the partners of the project are. And we look at the community. Does it have a good community and fundamentals. Because this also determines the success of a project.
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It's hard to find a good project nowadays, if not researched properly, whitepapers are now different from the old ones, where we can read and see who is behind the scenes of a token project, now whitepapers still need other supporting factors, because most whitepapers are currently the development of old projects that are outdated and updated so that they are like new projects, it is right if you want to invest, then invest in old coins that have given results,
We must be thorough and careful in choosing a new project, because there are indeed many supporting factors that will make the project successful in the future. Not only the Whitepaper but also the team of the project, and what should not be forgotten is who the partners of the project are and how big the supporting community is.
in studying a new project we have to do research, as you said we have to know who the partners of the project are. And we look at the community. Does it have a good community and fundamentals. Because this also determines the success of a project.
If I may add, I think I can give some advice for new projects to be better than other projects.
1. Vision must be different.
2. Mission must be different.
I think with a different Vision and Mission from a new project, it will produce a good project and be supported by all communities in crypto.
I have seen the BounceBit project on Binance with its IEO, I think BounceBit has a different Vision and Mission from other projects that have been released on Binance. When it was first listed, BounceBit also went up quite a bit, although now the price has dropped due to the effect of all altcoins going down.
https://coinmarketcap.com/currencies/bouncebit/
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Risks always lie in new projects, especially when they deliberately hide developer team information. I never touch those projects, I'd rather buy BTC for better safety.
no transparency is already a huge red flag you want a team that will actively update you on what the current situation of the project is before you even participate in buying or their airdrops if the team is not responsive and very discreet most likely they are only hoping to get profit for themselves from the project and does not care about the project nor the investors
New projects are often mentioned or listed on CEXs.
being listed on cex can be a good sign but not always a guarantee that the project will be a good one especially nowadays i think more cexs are less strict about the projects they will list
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in studying a new project we have to do research, as you said we have to know who the partners of the project are. And we look at the community. Does it have a good community and fundamentals. Because this also determines the success of a project.
As erus said, uniqueness also plays a role there.
You can have a good community, but without something "revolutionary", so to speak, even just for the initial stage, you won't go far.
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It's hard to find a good project nowadays, if not researched properly, whitepapers are now different from the old ones, where we can read and see who is behind the scenes of a token project, now whitepapers still need other supporting factors, because most whitepapers are currently the development of old projects that are outdated and updated so that they are like new projects, it is right if you want to invest, then invest in old coins that have given results,
We must be thorough and careful in choosing a new project, because there are indeed many supporting factors that will make the project successful in the future. Not only the Whitepaper but also the team of the project, and what should not be forgotten is who the partners of the project are and how big the supporting community is.
in studying a new project we have to do research, as you said we have to know who the partners of the project are. And we look at the community. Does it have a good community and fundamentals. Because this also determines the success of a project.
but now it is not 100% can be used as a reference, the community team and even pre-sales cannot cover up if fraud can occur at any time, especially now projects that hold pre-sales if they do not sell they will slowly disappear and for those who have bought are given false hope about the existence of a trading list.
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It's hard to find a good project nowadays, if not researched properly, whitepapers are now different from the old ones, where we can read and see who is behind the scenes of a token project, now whitepapers still need other supporting factors, because most whitepapers are currently the development of old projects that are outdated and updated so that they are like new projects, it is right if you want to invest, then invest in old coins that have given results,
We must be thorough and careful in choosing a new project, because there are indeed many supporting factors that will make the project successful in the future. Not only the Whitepaper but also the team of the project, and what should not be forgotten is who the partners of the project are and how big the supporting community is.
in studying a new project we have to do research, as you said we have to know who the partners of the project are. And we look at the community. Does it have a good community and fundamentals. Because this also determines the success of a project.
but now it is not 100% can be used as a reference, the community team and even pre-sales cannot cover up if fraud can occur at any time, especially now projects that hold pre-sales if they do not sell they will slowly disappear and for those who have bought are given false hope about the existence of a trading list.
At present there is no trust with any token, most of the new projects are scams. However, although some projects are successful, I have recently seen that all the token prices of all the projects listed on the exchange have only gone down after the listing and the Binance listing tokens have not performed well either. So investing in any token at this time is risky. There Bitcoin ETH price is only going down how new coin will survive in the market.
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but now it is not 100% can be used as a reference, the community team and even pre-sales cannot cover up if fraud can occur at any time, especially now projects that hold pre-sales if they do not sell they will slowly disappear and for those who have bought are given false hope about the existence of a trading list.
Such things are sometimes a concern for an investor about a new project, so here we are required to be able to choose. Indeed, in this Cryptocurreny the risk is very high, one of them is like that. Buying coins during pre-sale but it turns out the project fails and finally we also lose money that should not have happened.
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Such things are sometimes a concern for an investor about a new project, so here we are required to be able to choose. Indeed, in this Cryptocurreny the risk is very high, one of them is like that. Buying coins during pre-sale but it turns out the project fails and finally we also lose money that should not have happened.
Analysis is key to it.
And even then, we are close to just becoming the exit liquidity for some people, we can never cross the possibility of such a development.
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but now it is not 100% can be used as a reference, the community team and even pre-sales cannot cover up if fraud can occur at any time, especially now projects that hold pre-sales if they do not sell they will slowly disappear and for those who have bought are given false hope about the existence of a trading list.
Such things are sometimes a concern for an investor about a new project, so here we are required to be able to choose. Indeed, in this Cryptocurreny the risk is very high, one of them is like that. Buying coins during pre-sale but it turns out the project fails and finally we also lose money that should not have happened.
buying tokens during presale is indeed very risky, because we must have knowledge and experience.. proper research and analysis are needed, because many new projects fail so that many lose. I also often experience this in the past which is a consideration for me not to do presale again and focus more on investing in top coins.
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but now it is not 100% can be used as a reference, the community team and even pre-sales cannot cover up if fraud can occur at any time, especially now projects that hold pre-sales if they do not sell they will slowly disappear and for those who have bought are given false hope about the existence of a trading list.
Such things are sometimes a concern for an investor about a new project, so here we are required to be able to choose. Indeed, in this Cryptocurreny the risk is very high, one of them is like that. Buying coins during pre-sale but it turns out the project fails and finally we also lose money that should not have happened.
buying tokens during presale is indeed very risky, because we must have knowledge and experience.. proper research and analysis are needed, because many new projects fail so that many lose. I also often experience this in the past which is a consideration for me not to do presale again and focus more on investing in top coins.
There are some considerations that have to be taken into account in relation to a specific decision in the aspect of investment. This can simply be understood since not every action taken results in passing and experience is good for future actions. Some people require the known solutions, whereas the others are still searching for those products which are still being made in a certain field. All of these can be attributed to every individual and each decision they have made is known to have gone through a decision-making process. It could be anything; however, what one like is everyone’s prerogative to do the investments in any manner that one would wish them to be done.
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but now it is not 100% can be used as a reference, the community team and even pre-sales cannot cover up if fraud can occur at any time, especially now projects that hold pre-sales if they do not sell they will slowly disappear and for those who have bought are given false hope about the existence of a trading list.
Such things are sometimes a concern for an investor about a new project, so here we are required to be able to choose. Indeed, in this Cryptocurreny the risk is very high, one of them is like that. Buying coins during pre-sale but it turns out the project fails and finally we also lose money that should not have happened.
pre-seller, this is very bad in my opinion, it is very detrimental to investors, that's just my view, where as you said 10:2 is for successful projects, the rest are fraud, so it takes research and strength of heart if you lose, indeed everything has risks but at least we hope not to get risks when investing
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pre-seller, this is very bad in my opinion, it is very detrimental to investors, that's just my view, where as you said 10:2 is for successful projects, the rest are fraud, so it takes research and strength of heart if you lose, indeed everything has risks but at least we hope not to get risks when investing
Proper risk-management also helps significantly.
Because, let's face it - to take the risk, we need to at least analyze it be more in our favor ;)
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pre-seller, this is very bad in my opinion, it is very detrimental to investors, that's just my view, where as you said 10:2 is for successful projects, the rest are fraud, so it takes research and strength of heart if you lose, indeed everything has risks but at least we hope not to get risks when investing
A major drawback of pre sales is that they are more prone to scams and fraud as they sell tokens before a project is widely accepted. There are also many projects that raise funds and then disappear causing investors to lose money. However, a big advantage of participating in the pre sale is that you get the opportunity to purchase tokens at a lower price than their final price. There are a lot of discounts during this time so if you buy during this offer, you can also get a bonus. Therefore, if the project is successful the investor can make huge profits but it requires very in depth research.
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pre-seller, this is very bad in my opinion, it is very detrimental to investors, that's just my view, where as you said 10:2 is for successful projects, the rest are fraud, so it takes research and strength of heart if you lose, indeed everything has risks but at least we hope not to get risks when investing
A major drawback of pre sales is that they are more prone to scams and fraud as they sell tokens before a project is widely accepted. There are also many projects that raise funds and then disappear causing investors to lose money. However, a big advantage of participating in the pre sale is that you get the opportunity to purchase tokens at a lower price than their final price. There are a lot of discounts during this time so if you buy during this offer, you can also get a bonus. Therefore, if the project is successful the investor can make huge profits but it requires very in depth research.
In doing presale, knowledge and experience are needed because buying tokens during presale is very risky. We all know about buying before the project is widely accepted, as you said it is prone to fraud, and fraudulent devs after collecting funds can also run away and let their projects fail.
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It's hard to find a good project nowadays, if not researched properly, whitepapers are now different from the old ones, where we can read and see who is behind the scenes of a token project, now whitepapers still need other supporting factors, because most whitepapers are currently the development of old projects that are outdated and updated so that they are like new projects, it is right if you want to invest, then invest in old coins that have given results,
These days there are lots of scams everywhere that they are so sophisticated and well coordinated that you would not have any clues they are not what they present themselves to be. A proper research could help but sometimes they can be so confusing that it will take extra effort to detect them White paper does not just work anymore these days as lots of projects launch without it and they accumulate funds for their projects before working on their white paper because of the team members they have onboard their project. I do not bother anymore with new projects but investing in Bitcoin is only what I do now. I do not want to make any mistake.
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It's hard to find a good project nowadays, if not researched properly, whitepapers are now different from the old ones, where we can read and see who is behind the scenes of a token project, now whitepapers still need other supporting factors, because most whitepapers are currently the development of old projects that are outdated and updated so that they are like new projects, it is right if you want to invest, then invest in old coins that have given results,
These days there are lots of scams everywhere that they are so sophisticated and well coordinated that you would not have any clues they are not what they present themselves to be. A proper research could help but sometimes they can be so confusing that it will take extra effort to detect them White paper does not just work anymore these days as lots of projects launch without it and they accumulate funds for their projects before working on their white paper because of the team members they have onboard their project. I do not bother anymore with new projects but investing in Bitcoin is only what I do now. I do not want to make any mistake.
You are right, the decision on staying away from further complex forms of frauds which are very hard to detect is a growing issue. In the current world, it is witching is very important to have security and transparency while investing. Most times, people embark on projects with great ignorance and this is very puzzling to many people. Taking this into consideration, it is quite logical to assume that investors decided to shift their attention to thing like Bitcoin as this is, overall, safer bet in the first place. In the world of investments, there is always a need to build trust, and at the moment, for many people, Bitcoin offers such confidence.
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It's hard to find a good project nowadays, if not researched properly, whitepapers are now different from the old ones, where we can read and see who is behind the scenes of a token project, now whitepapers still need other supporting factors, because most whitepapers are currently the development of old projects that are outdated and updated so that they are like new projects, it is right if you want to invest, then invest in old coins that have given results,
These days there are lots of scams everywhere that they are so sophisticated and well coordinated that you would not have any clues they are not what they present themselves to be. A proper research could help but sometimes they can be so confusing that it will take extra effort to detect them White paper does not just work anymore these days as lots of projects launch without it and they accumulate funds for their projects before working on their white paper because of the team members they have onboard their project. I do not bother anymore with new projects but investing in Bitcoin is only what I do now. I do not want to make any mistake.
You are right, the decision on staying away from further complex forms of frauds which are very hard to detect is a growing issue. In the current world, it is witching is very important to have security and transparency while investing. Most times, people embark on projects with great ignorance and this is very puzzling to many people. Taking this into consideration, it is quite logical to assume that investors decided to shift their attention to thing like Bitcoin as this is, overall, safer bet in the first place. In the world of investments, there is always a need to build trust, and at the moment, for many people, Bitcoin offers such confidence.
Absolutely, Bitcoin gives one more confidence to invest in it because it has been there for years before these new generational coins and it has been doing perfectly well in the market and as a matter of fact, testimonials from people who invested in Bitcoin years past speaks of great volume and that alone should be a strong point of conviction for new generational investors who want to invest in Crypto currencies.
It is true that people ignorantly embark on Crypto investment without prior knowledge and those who do this are newbies that has little or no knowledge of how the system works and sometimes they fall for scammers and as it is that it is their first experience, it gives them the wrong thought about crypto not knowing that they made the mistake for not conducting due diligence before investing.
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Absolutely, Bitcoin gives one more confidence to invest in it because it has been there for years before these new generational coins and it has been doing perfectly well in the market and as a matter of fact, testimonials from people who invested in Bitcoin years past speaks of great volume and that alone should be a strong point of conviction for new generational investors who want to invest in Crypto currencies.
It is true that people ignorantly embark on Crypto investment without prior knowledge and those who do this are newbies that has little or no knowledge of how the system works and sometimes they fall for scammers and as it is that it is their first experience, it gives them the wrong thought about crypto not knowing that they made the mistake for not conducting due diligence before investing.
A newbie must seek knowledge first before investing, they can be active in the forum by reading many threads and experiences shared in the forum, and trying to seek experience by making fundamental and technical analysis and starting to develop strategies and targets in investing.
because knowledge is needed before we invest to prevent losses or defeats.
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Absolutely, Bitcoin gives one more confidence to invest in it because it has been there for years before these new generational coins and it has been doing perfectly well in the market and as a matter of fact, testimonials from people who invested in Bitcoin years past speaks of great volume and that alone should be a strong point of conviction for new generational investors who want to invest in Crypto currencies.
It is true that people ignorantly embark on Crypto investment without prior knowledge and those who do this are newbies that has little or no knowledge of how the system works and sometimes they fall for scammers and as it is that it is their first experience, it gives them the wrong thought about crypto not knowing that they made the mistake for not conducting due diligence before investing.
A newbie must seek knowledge first before investing, they can be active in the forum by reading many threads and experiences shared in the forum, and trying to seek experience by making fundamental and technical analysis and starting to develop strategies and targets in investing.
because knowledge is needed before we invest to prevent losses or defeats.
It is true that newbies should do proper research or seek for knowledge about their investment before putting their funds into any project because that would help them make good and concrete decision before taking any step further. But these days, the chase for quick money aka get rich quick would not allow them do the proper things and this is what scammers do know about and they use it as a bait to get at them as a result of their ignorance. Maybe if they do a proper research before investing, they wouldn't be misled to invest in scam.
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pre-seller, this is very bad in my opinion, it is very detrimental to investors, that's just my view, where as you said 10:2 is for successful projects, the rest are fraud, so it takes research and strength of heart if you lose, indeed everything has risks but at least we hope not to get risks when investing
A major drawback of pre sales is that they are more prone to scams and fraud as they sell tokens before a project is widely accepted. There are also many projects that raise funds and then disappear causing investors to lose money. However, a big advantage of participating in the pre sale is that you get the opportunity to purchase tokens at a lower price than their final price. There are a lot of discounts during this time so if you buy during this offer, you can also get a bonus. Therefore, if the project is successful the investor can make huge profits but it requires very in depth research.
In doing presale, knowledge and experience are needed because buying tokens during presale is very risky. We all know about buying before the project is widely accepted, as you said it is prone to fraud, and fraudulent devs after collecting funds can also run away and let their projects fail.
This is what makes me personally reluctant to buy pre-sales, because there are currently many scam projects compared to those that produce results, rather than taking the risk of losing, it's better for me to miss out on new tokens like this, honestly it's better to buy token memes than token pre-sales in my opinion
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pre-seller, this is very bad in my opinion, it is very detrimental to investors, that's just my view, where as you said 10:2 is for successful projects, the rest are fraud, so it takes research and strength of heart if you lose, indeed everything has risks but at least we hope not to get risks when investing
A major drawback of pre sales is that they are more prone to scams and fraud as they sell tokens before a project is widely accepted. There are also many projects that raise funds and then disappear causing investors to lose money. However, a big advantage of participating in the pre sale is that you get the opportunity to purchase tokens at a lower price than their final price. There are a lot of discounts during this time so if you buy during this offer, you can also get a bonus. Therefore, if the project is successful the investor can make huge profits but it requires very in depth research.
In doing presale, knowledge and experience are needed because buying tokens during presale is very risky. We all know about buying before the project is widely accepted, as you said it is prone to fraud, and fraudulent devs after collecting funds can also run away and let their projects fail.
This is what makes me personally reluctant to buy pre-sales, because there are currently many scam projects compared to those that produce results, rather than taking the risk of losing, it's better for me to miss out on new tokens like this, honestly it's better to buy token memes than token pre-sales in my opinion
I can see why you are becoming more prudent in making investment decisions. I disagree with the statement of shielding oneself from risky threats because one can see many projects with little concept of project or solution development or some of them are really scams. It is understandable that everyone has different levels of risk tolerance and thus choosing to avoid a place which you feel is less safe is a good decision. Instead, the main criterion here is satisfactory to be fine with the decisions made without considerations concerning reliance on trends or the rage that artificially arose just for a few days. Rather than regard as a weakness or lack of progress to focus more on security than on seeking new opportunities, one can regard it as consistent perseverance over the protection of individual resources and financial stability.
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In doing presale, knowledge and experience are needed because buying tokens during presale is very risky. We all know about buying before the project is widely accepted, as you said it is prone to fraud, and fraudulent devs after collecting funds can also run away and let their projects fail.
This is what makes me personally reluctant to buy pre-sales, because there are currently many scam projects compared to those that produce results, rather than taking the risk of losing, it's better for me to miss out on new tokens like this, honestly it's better to buy token memes than token pre-sales in my opinion
Everything has its risks, including presale. There have been many cases where investors have not been able to return their capital that they allocated to participate in presale, although there are also those who have made profits many times over.
So this also requires readiness with money that we are ready to bear the loss. So if you are not ready, then it is better not to participate in presale.
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Everything has its risks, including presale. There have been many cases where investors have not been able to return their capital that they allocated to participate in presale, although there are also those who have made profits many times over.
So this also requires readiness with money that we are ready to bear the loss. So if you are not ready, then it is better not to participate in presale.
Sure, there is no investment has no risk. Even we invest after pre-sale or buying in the exchange, it has a risk as well. But buying in pre sale is riskier because it may not be listed in the exchanges. Recently, I never try to buy during pre sale again because I have too many bad experience in the past. I have many coins that can't be sold in the exchanges because they are never listed by the developers or the teams. It is better to buy when the coins have been listed in the exchanges only.
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Everything has its risks, including presale. There have been many cases where investors have not been able to return their capital that they allocated to participate in presale, although there are also those who have made profits many times over.
So this also requires readiness with money that we are ready to bear the loss. So if you are not ready, then it is better not to participate in presale.
We can simply call it a proper risk-management.
If you see too much risk in the game - you just don't enter it.
8)
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Everything has its risks, including presale. There have been many cases where investors have not been able to return their capital that they allocated to participate in presale, although there are also those who have made profits many times over.
So this also requires readiness with money that we are ready to bear the loss. So if you are not ready, then it is better not to participate in presale.
Sure, there is no investment has no risk. Even we invest after pre-sale or buying in the exchange, it has a risk as well. But buying in pre sale is riskier because it may not be listed in the exchanges. Recently, I never try to buy during pre sale again because I have too many bad experience in the past. I have many coins that can't be sold in the exchanges because they are never listed by the developers or the teams. It is better to buy when the coins have been listed in the exchanges only.
Presale also I think can backfire on a project, where if they don't have a clear roadmap or they delay the launch not according to what they planned, then it will disappoint the community.
I call the people who participate in the presale as the community because they can be said to support the project. and we know what kind of impact it will have on a project if the community is disappointed.
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We need to have some reliable platforms at hand which will serve as information updates for us concerning crypto related projects and opportunities, this must be form reliable sources and not from any online sources we may come across on the internet, scam is not what we can take for granted like that, as not all the crypto project would we try and invest in, except we have a strong believe in their performance.
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We need to have some reliable platforms at hand which will serve as information updates for us concerning crypto related projects and opportunities, this must be form reliable sources and not from any online sources we may come across on the internet, scam is not what we can take for granted like that, as not all the crypto project would we try and invest in, except we have a strong believe in their performance.
You are right with this statement on the right source of information as very vital in the study of growth of the crypto world. Every day, much information is produced, but not all of them can be explained or traced. Some are in the interest of some people while others are purely conjectured without any foundation. If a person is a very believing person without cross-checking then he will be trapped to false information. To an extent, I concur with the idea that not all projects are worthy of consideration and if there are no solid ground set down, then the challenges it will encounter are worse. Making a foundation of data from some degree will aid in finding out which projects offers potential in the long run and which only offers a momentary fame.
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We need to have some reliable platforms at hand which will serve as information updates for us concerning crypto related projects and opportunities, this must be form reliable sources and not from any online sources we may come across on the internet, scam is not what we can take for granted like that, as not all the crypto project would we try and invest in, except we have a strong believe in their performance.
I don't trust any platform to find out reliable projects. It is better to rely on our own ability to find out good projects. We can do won research or do deep analysis ourselves. We can evaluate some projects which already survive for few months at least. I personally avoid to choose new projects because it is difficult to analyze. Old projects is better because they have been proven for a long time.
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We need to have some reliable platforms at hand which will serve as information updates for us concerning crypto related projects and opportunities, this must be form reliable sources and not from any online sources we may come across on the internet, scam is not what we can take for granted like that, as not all the crypto project would we try and invest in, except we have a strong believe in their performance.
I don't trust any platform to find out reliable projects. It is better to rely on our own ability to find out good projects. We can do won research or do deep analysis ourselves. We can evaluate some projects which already survive for few months at least. I personally avoid to choose new projects because it is difficult to analyze. Old projects is better because they have been proven for a long time.
Same here on which i dont really that relying too much about advises and recommendations on which those things i do able to read up on X or any social media platform on which these are obviously being hyped already and those people had already placed themselves at the bottom. This is why whenever i do look for projects then i do always go for those who do have less noise and only a few people do still knows about it. Im not saying that this one is effective but this is where i do make money the most. Of course you should really be that still making up some relevant analysis in between projects. Never ever make yourself having that getting fomo'ed whenever you have seen tons of things being mentioned on social medias.
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Same here on which i dont really that relying too much about advises and recommendations on which those things i do able to read up on X or any social media platform on which these are obviously being hyped already and those people had already placed themselves at the bottom. This is why whenever i do look for projects then i do always go for those who do have less noise and only a few people do still knows about it. Im not saying that this one is effective but this is where i do make money the most. Of course you should really be that still making up some relevant analysis in between projects. Never ever make yourself having that getting fomo'ed whenever you have seen tons of things being mentioned on social medias.
It is good if you also don't really trust any platform that suggest us to choose certain coins. They can take advantage of it, they are paid to promote certain coins. We don't easily follow other people advice, we are better to make our own analysis. Then, we can choose the coins that fit with our trading or investing style.
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We need to have some reliable platforms at hand which will serve as information updates for us concerning crypto related projects and opportunities, this must be form reliable sources and not from any online sources we may come across on the internet, scam is not what we can take for granted like that, as not all the crypto project would we try and invest in, except we have a strong believe in their performance.
I don't trust any platform to find out reliable projects. It is better to rely on our own ability to find out good projects. We can do won research or do deep analysis ourselves. We can evaluate some projects which already survive for few months at least. I personally avoid to choose new projects because it is difficult to analyze. Old projects is better because they have been proven for a long time.
I just think platforms promoting airdrops are just after their referral rewards, which they get when people register through them. They are just like the random airdrop hunters but package it in a way that they make it known to the community because they too, would benefit from it. They can not guarantee the genuinty of any project; they just make the airdrops known, and anyone who feels like participating would do that maybe through their link, but that research is left for anyone participating in the airderop to do for themselves, as everyone is responsible for their actions.
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I just think platforms promoting airdrops are just after their referral rewards, which they get when people register through them. They are just like the random airdrop hunters but package it in a way that they make it known to the community because they too, would benefit from it. They can not guarantee the genuinty of any project; they just make the airdrops known, and anyone who feels like participating would do that maybe through their link, but that research is left for anyone participating in the airderop to do for themselves, as everyone is responsible for their actions.
There is no more Airdrop hype now, so projects that want to execute with this Airdrop plan are more likely to fail.
Moreover, I think that doing Airdrop now is just a waste of your time because currently, in my opinion, I have not seen any good Airdrop project that actually generates a good revenue and gives good rewards to its users and participants.
And so I will also mention this here: currently, definitely do not invest to any project just by looking at the airdrop promotion.
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Everything has its risks, including presale. There have been many cases where investors have not been able to return their capital that they allocated to participate in presale, although there are also those who have made profits many times over.
So this also requires readiness with money that we are ready to bear the loss. So if you are not ready, then it is better not to participate in presale.
Well said.
Every investment have contain the risk as well we will also see the risks on the presale also but I think it is more difficult to identify a good and potential project for investing their pre-sale. Most of the time I saw that most of the project who have launch their pre-sale they made 30% to 60%+ down when they listed on the spot trade.And this makes me feeling that avoiding this kind risk will be better for my fund.
And I think it's better to use your own analysis skills to pick and choose from the top level coins on the spot and gain profit.
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Well said.
Every investment have contain the risk as well we will also see the risks on the presale also but I think it is more difficult to identify a good and potential project for investing their pre-sale. Most of the time I saw that most of the project who have launch their pre-sale they made 30% to 60%+ down when they listed on the spot trade.And this makes me feeling that avoiding this kind risk will be better for my fund.
And I think it's better to use your own analysis skills to pick and choose from the top level coins on the spot and gain profit.
Yes, all investments in crypto = definitely contain risks., the only difference is how big the risk is. and for potential new projects, for example the newest meme tokens that have been launched, the risk is definitely much greater than top altcoins.
that's why, when buying it in pre-sale, it is indeed very speculative with high risks, at least, we can't be sure whether the coins can really survive, can reach minimum sales, can really be listed, and can increase in price in the market later, it is still very speculative. sometimes, the pump and dump function is also good, because at least the coins are made to pump first when listed, but yes, if the momentum is too late, then that's it, like there will be no more hope
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Well said.
Every investment have contain the risk as well we will also see the risks on the presale also but I think it is more difficult to identify a good and potential project for investing their pre-sale. Most of the time I saw that most of the project who have launch their pre-sale they made 30% to 60%+ down when they listed on the spot trade.And this makes me feeling that avoiding this kind risk will be better for my fund.
And I think it's better to use your own analysis skills to pick and choose from the top level coins on the spot and gain profit.
Yes, all investments in crypto = definitely contain risks., the only difference is how big the risk is. and for potential new projects, for example the newest meme tokens that have been launched, the risk is definitely much greater than top altcoins.
that's why, when buying it in pre-sale, it is indeed very speculative with high risks, at least, we can't be sure whether the coins can really survive, can reach minimum sales, can really be listed, and can increase in price in the market later, it is still very speculative. sometimes, the pump and dump function is also good, because at least the coins are made to pump first when listed, but yes, if the momentum is too late, then that's it, like there will be no more hope
Presale purchases are very high risk, we must do research, make analysis and be sure of the tokens we buy. If the project is successful we will get big profits, but the failure rate is also high. This is the reason why people prefer to invest in top coins because they have been proven.
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I just think platforms promoting airdrops are just after their referral rewards, which they get when people register through them. They are just like the random airdrop hunters but package it in a way that they make it known to the community because they too, would benefit from it. They can not guarantee the genuinty of any project; they just make the airdrops known, and anyone who feels like participating would do that maybe through their link, but that research is left for anyone participating in the airderop to do for themselves, as everyone is responsible for their actions.
There is no more Airdrop hype now, so projects that want to execute with this Airdrop plan are more likely to fail.
Moreover, I think that doing Airdrop now is just a waste of your time because currently, in my opinion, I have not seen any good Airdrop project that actually generates a good revenue and gives good rewards to its users and participants.
And so I will also mention this here: currently, definitely do not invest to any project just by looking at the airdrop promotion.
I do not think the hype on airdrop is as strong as it used to be. Project launches these days are just being careful to not run at a loss because if they do, they would have nothing to hold onto, so they treat with caution. No airdrop pays as well as it used to because they hardly generate revenue, as you have said, so it would be in their best interest to reserve the little they have by giving penuts to airdrop participants just to compensate them for a job done.
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I do not think the hype on airdrop is as strong as it used to be. Project launches these days are just being careful to not run at a loss because if they do, they would have nothing to hold onto, so they treat with caution. No airdrop pays as well as it used to because they hardly generate revenue, as you have said, so it would be in their best interest to reserve the little they have by giving penuts to airdrop participants just to compensate them for a job done.
I have observed attesting to a fact that many of the crypto projects that are in existence now are more careful as far as airdrops are concerned than those of the past years. They realise the fact that transmission of a lot of tokens can in fact harm their own environment if not well handled. Consequently, the airdrops are now more of a way to compensate key participant rather than the incentive for new users. This also fixes the amount of tokens to be issued, which in turn influences the amount of incentives that is to be paid to more participants. This reflects the fact that projects nowadays are more guided by sustainable concepts than by their visibility.
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Presale purchases are very high risk, we must do research, make analysis and be sure of the tokens we buy. If the project is successful we will get big profits, but the failure rate is also high. This is the reason why people prefer to invest in top coins because they have been proven.
Agree, pre-sale was the best investment in 2017 because at that time many ICOs were successfully entering the market. During this time there was a lot of interest from investors towards pre sale due to which some criminal scam projects took advantage of this opportunity. Pre sale was definitely a legitimate way and people used to buy crypto at low prices and discounts. So with the changing times, many fake projects emerged and many investors were cheated. However, we need to find suitable pre sales where we can participate. There are still many good pre sales projects in the market, so we need to have experience to separate the good from the bad.
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I do not think the hype on airdrop is as strong as it used to be. Project launches these days are just being careful to not run at a loss because if they do, they would have nothing to hold onto, so they treat with caution. No airdrop pays as well as it used to because they hardly generate revenue, as you have said, so it would be in their best interest to reserve the little they have by giving penuts to airdrop participants just to compensate them for a job done.
I personally think that airdrop projects, especially Telegram airdrops, regardless of whether they are hyped or not, they are never a good choice in the long-term.
And if anyone wants to see the reasons and examples, they can understand by verifying the current price and position of some coins that came from years of airdrop hype. In fact, I think that to select a good project, we need to look at the uniqueness of that project and whether it will actually be good for the future. It is better not to keep projects on our list that do not bring any good updates periodically.
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I do not think the hype on airdrop is as strong as it used to be. Project launches these days are just being careful to not run at a loss because if they do, they would have nothing to hold onto, so they treat with caution. No airdrop pays as well as it used to because they hardly generate revenue, as you have said, so it would be in their best interest to reserve the little they have by giving penuts to airdrop participants just to compensate them for a job done.
I personally think that airdrop projects, especially Telegram airdrops, regardless of whether they are hyped or not, they are never a good choice in the long-term.
And if anyone wants to see the reasons and examples, they can understand by verifying the current price and position of some coins that came from years of airdrop hype. In fact, I think that to select a good project, we need to look at the uniqueness of that project and whether it will actually be good for the future. It is better not to keep projects on our list that do not bring any good updates periodically.
Telegram airdrop was the final straw that broke the camels back. It ruined airdrop so bad and to be frank, it has caused telegram a lot on its reputation to be a platform on which scam project launches to steal from the masses with their claiming fee and lots of more unreasonable demand from participants. Currently, there are no reliable projects on telegram anymore as the ones that can be trusted have started migrating from the platform to another and it has affected the price of the telegram native coin TON.
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I do not think the hype on airdrop is as strong as it used to be. Project launches these days are just being careful to not run at a loss because if they do, they would have nothing to hold onto, so they treat with caution. No airdrop pays as well as it used to because they hardly generate revenue, as you have said, so it would be in their best interest to reserve the little they have by giving penuts to airdrop participants just to compensate them for a job done.
I personally think that airdrop projects, especially Telegram airdrops, regardless of whether they are hyped or not, they are never a good choice in the long-term.
And if anyone wants to see the reasons and examples, they can understand by verifying the current price and position of some coins that came from years of airdrop hype. In fact, I think that to select a good project, we need to look at the uniqueness of that project and whether it will actually be good for the future. It is better not to keep projects on our list that do not bring any good updates periodically.
agreed, many coins and tokens from airdrop projects do not have a good future because some have dropped in price and are even worthless. even though it was very hype in the airdrop at first. I am not an airdrop participant because of the many considerations of the time I will use to do airdrop tasks. I focus more on daily trading because I think it is more certain, because the current airdrop project is worthless, this is my personal opinion.
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agreed, many coins and tokens from airdrop projects do not have a good future because some have dropped in price and are even worthless. even though it was very hype in the airdrop at first. I am not an airdrop participant because of the many considerations of the time I will use to do airdrop tasks. I focus more on daily trading because I think it is more certain, because the current airdrop project is worthless, this is my personal opinion.
Unfortunately, most of the present types of airdrop are not as helpful and rewarding as it was a few years ago. Tokens’ initial performance also do not last long and many of them plummet and become useless. He thus concluded that if the thinking in the timing process is associated with time effectiveness and the results oriented, then daily trading may be the most suitable one. Small oscillations which take place in a day may be exploited to generate profits without having to wait for a certain project to be developed if the project is not likely to survive long. There is no optimal solution, however it makes sense that with the given circumstances the daily trading does seem more realistic compared to the airdrops which do not seem to have much prospects.
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I do not think the hype on airdrop is as strong as it used to be. Project launches these days are just being careful to not run at a loss because if they do, they would have nothing to hold onto, so they treat with caution. No airdrop pays as well as it used to because they hardly generate revenue, as you have said, so it would be in their best interest to reserve the little they have by giving penuts to airdrop participants just to compensate them for a job done.
I personally think that airdrop projects, especially Telegram airdrops, regardless of whether they are hyped or not, they are never a good choice in the long-term.
And if anyone wants to see the reasons and examples, they can understand by verifying the current price and position of some coins that came from years of airdrop hype. In fact, I think that to select a good project, we need to look at the uniqueness of that project and whether it will actually be good for the future. It is better not to keep projects on our list that do not bring any good updates periodically.
Telegram airdrop was the final straw that broke the camels back. It ruined airdrop so bad and to be frank, it has caused telegram a lot on its reputation to be a platform on which scam project launches to steal from the masses with their claiming fee and lots of more unreasonable demand from participants. Currently, there are no reliable projects on telegram anymore as the ones that can be trusted have started migrating from the platform to another and it has affected the price of the telegram native coin TON.
Telegram was once hyped as a platform for airdrops with the Solana and TON networks. because many meme coins use it, but not only that, it was previously used for BSC projects as a means of promotion. there are many scams by sending fake links for claims, etc., so if we are not careful clicking on foreign links, we will lose assets in our wallet.
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Telegram airdrop was the final straw that broke the camels back. It ruined airdrop so bad and to be frank, it has caused telegram a lot on its reputation to be a platform on which scam project launches to steal from the masses with their claiming fee and lots of more unreasonable demand from participants. Currently, there are no reliable projects on telegram anymore as the ones that can be trusted have started migrating from the platform to another and it has affected the price of the telegram native coin TON.
Well said.
The Telegram airdrop was actually very similar what did you say. This has really taken the whole issue of airdrop to a worse situation through its various unsuccessful projects and directly and indirectly scammer projects.
I am indirectly calling all those projects scammers here who actually promoted and generated revenue through airdrop participants but instead they used techniques to give very low rewards to airdrop participants and later exited the market.
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agreed, many coins and tokens from airdrop projects do not have a good future because some have dropped in price and are even worthless. even though it was very hype in the airdrop at first. I am not an airdrop participant because of the many considerations of the time I will use to do airdrop tasks. I focus more on daily trading because I think it is more certain, because the current airdrop project is worthless, this is my personal opinion.
Mostly, the people who got the coins/tokens from airdrops, they sell them immediately. It makes the supply in the market is increasing very significantly. It leads to the constant drop of the prices. I've said in many occasions that we don't hold a long time for the coins/tokens got from airdrops or bounties. If we want to hold for a long time, it is better to choose Bitcoin or the top altcoins. I've many times to get nothing from holding the coins/tokens of airdrops/bounties. I missed the chance to sell them when they were still have prices. Now, they already becomes dead coins/tokens.
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Mostly, the people who got the coins/tokens from airdrops, they sell them immediately. It makes the supply in the market is increasing very significantly. It leads to the constant drop of the prices. I've said in many occasions that we don't hold a long time for the coins/tokens got from airdrops or bounties. If we want to hold for a long time, it is better to choose Bitcoin or the top altcoins. I've many times to get nothing from holding the coins/tokens of airdrops/bounties. I missed the chance to sell them when they were still have prices. Now, they already becomes dead coins/tokens.
Again, there are some stupid public like me who invest in project coins from airdrops for the long-term. To be honest, I thought that since DOGscoin was being well supported by Binance and was one of the potential airdrop projects at that time, I would invest some of my funds there for the long-term.
But to be honest, the analysts I have done and the ones I have followed are really bad analysts and I have repeated my previous mistakes and faced losses again. My $100 is now around $20.
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Mostly, the people who got the coins/tokens from airdrops, they sell them immediately. It makes the supply in the market is increasing very significantly. It leads to the constant drop of the prices. I've said in many occasions that we don't hold a long time for the coins/tokens got from airdrops or bounties. If we want to hold for a long time, it is better to choose Bitcoin or the top altcoins. I've many times to get nothing from holding the coins/tokens of airdrops/bounties. I missed the chance to sell them when they were still have prices. Now, they already becomes dead coins/tokens.
Again, there are some stupid public like me who invest in project coins from airdrops for the long-term. To be honest, I thought that since DOGscoin was being well supported by Binance and was one of the potential airdrop projects at that time, I would invest some of my funds there for the long-term.
But to be honest, the analysts I have done and the ones I have followed are really bad analysts and I have repeated my previous mistakes and faced losses again. My $100 is now around $20.
Sorry about your investment losses. I do not dare try such this time as most of the meme coins are nothing but a scam. It is not wise to invest for a long term on memecoin as anything can happen. If I try to do such, I sell when they get listed immediately because after 24 hours of listing, the price of the meme coin automatically is in reverse gear and straight to the ground as it has no strong utility value. Meme coins are not worth holding for the long term.
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Sorry about your investment losses. I do not dare try such this time as most of the meme coins are nothing but a scam. It is not wise to invest for a long term on memecoin as anything can happen. If I try to do such, I sell when they get listed immediately because after 24 hours of listing, the price of the meme coin automatically is in reverse gear and straight to the ground as it has no strong utility value. Meme coins are not worth holding for the long term.
+1
I agree with you. Because the current situation is such that through memecoin, big rich big whales are manipulating the market and are strategically scamming against and this is also a reason to no legal action can be taken.
If I leave my words aside, when Trump launched his own trump coin and his wife's melania coin in the market a few days ago, how much was it worth and what is its current price? If we check this, we will finally see that billions of dollars have been easily liquidated from the market. I mean which is really a strategically scam by memecoin.
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Mostly, the people who got the coins/tokens from airdrops, they sell them immediately. It makes the supply in the market is increasing very significantly. It leads to the constant drop of the prices. I've said in many occasions that we don't hold a long time for the coins/tokens got from airdrops or bounties. If we want to hold for a long time, it is better to choose Bitcoin or the top altcoins. I've many times to get nothing from holding the coins/tokens of airdrops/bounties. I missed the chance to sell them when they were still have prices. Now, they already becomes dead coins/tokens.
Again, there are some stupid public like me who invest in project coins from airdrops for the long-term. To be honest, I thought that since DOGscoin was being well supported by Binance and was one of the potential airdrop projects at that time, I would invest some of my funds there for the long-term.
But to be honest, the analysts I have done and the ones I have followed are really bad analysts and I have repeated my previous mistakes and faced losses again. My $100 is now around $20.
Sorry about your investment losses. I do not dare try such this time as most of the meme coins are nothing but a scam. It is not wise to invest for a long term on memecoin as anything can happen. If I try to do such, I sell when they get listed immediately because after 24 hours of listing, the price of the meme coin automatically is in reverse gear and straight to the ground as it has no strong utility value. Meme coins are not worth holding for the long term.
Not all coins and tokens within the ecosystem of the crypto world should be bought for long-term investment and storage, meme coins are often Pearls of Great Price but usually have low life expectancy. You already know that most of these coins do not have any stability in value, thus selling them as soon as they are out on the market could be considered the best decision. It becomes clear that people focus on the initial jump of the price, but they do not know that within a few hours or days the price falls. This is what you are telling me, and it makes sense given the fact that you now know how meme coins generally work and you don’t have to be influenced by the hype that often surrounds the newly launched tokens.
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There are still many good pre sales projects in the market, so we need to have experience to separate the good from the bad.
I don't agree with that, and I'll tell you why.
Those were old times when most of the projects, including the good ones, used to run presales and allow even retail investors to get a share of the tokens before the public sale, but these days, good projects are funded by VCs and exchange platforms that get a share of the tokens and in return, provide funding for the projects to get through their development stage and become a full-fledged project.
Now, the projects that mostly run presales these days are potential scams because they couldn't get any VC to back them up or find an exchange that would launch them through their launchpad, and the last resort left for them is running presales and trying to persuade the general public to invest in them.
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Those were old times when most of the projects, including the good ones, used to run presales and allow even retail investors to get a share of the tokens before the public sale, but these days, good projects are funded by VCs and exchange platforms that get a share of the tokens and in return, provide funding for the projects to get through their development stage and become a full-fledged project.
we have to understand that there is some logic to having investors invest in a project so it can be built more efficiently but the problem is that many of these projects dedicate too much of their distribution to the developers and investors instead of the general public who wants to actually buy more of these coins or tokens and this is simply not sustainable
Now, the projects that mostly run presales these days are potential scams because they couldn't get any VC to back them up or find an exchange that would launch them through their launchpad, and the last resort left for them is running presales and trying to persuade the general public to invest in them.
it is not the lack of funding they simply just wanted quick profit from the get go
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There are still many good pre sales projects in the market, so we need to have experience to separate the good from the bad.
I don't agree with that, and I'll tell you why.
Those were old times when most of the projects, including the good ones, used to run presales and allow even retail investors to get a share of the tokens before the public sale, but these days, good projects are funded by VCs and exchange platforms that get a share of the tokens and in return, provide funding for the projects to get through their development stage and become a full-fledged project.
Now, the projects that mostly run presales these days are potential scams because they couldn't get any VC to back them up or find an exchange that would launch them through their launchpad, and the last resort left for them is running presales and trying to persuade the general public to invest in them.
- In reality, participating in pre-sales is also very risky, so it's hard to trust them blindly, though no doubt the marketing strategy that scammers use to their victims is also very good, which is why it's not immediately obvious that it's a scam.
It's just that those who say otherwise are always right, and if you have a broad idea of what scammers do, you're far from falling victim to their traps.
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Not all coins and tokens within the ecosystem of the crypto world should be bought for long-term investment and storage, meme coins are often Pearls of Great Price but usually have low life expectancy. You already know that most of these coins do not have any stability in value, thus selling them as soon as they are out on the market could be considered the best decision. It becomes clear that people focus on the initial jump of the price, but they do not know that within a few hours or days the price falls. This is what you are telling me, and it makes sense given the fact that you now know how meme coins generally work and you don’t have to be influenced by the hype that often surrounds the newly launched tokens.
Just as what you said is true, we do the opposite.
We also invest in memecoins in the hope of higher profits and sometimes we forget that if we want to invest in memecoins, it is better not to do it for the long-term. Also, I will not say that no one has benefited from investing in memecoin for the long term, of course, many have been seen to have earned from just a few hundred dollars to millions of dollars. But they are a lot like a lottery.
And even if we want to participate in this lottery, we have to invest a very small amount of funds if we want to invest for a long time, that too in memecoin.
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Maybe just pick from the projects that stood the test of times instead of hunting for these so called 'good projects'? There are so many trash new projects anyways that spending time to even read one or two pages of their whitepaper is already a huge waste of time. It's better to save your energy and let the market weed out the bad eggs for you.
I agree to this buddy, must we look for new things, what if they new things aren't trusted or reliable, do we even though of what may likely happen to us if we eventually invest in this new projects may be the worst happen? I think the best thing for anyone involved in crypto (Bitcoin) space should do is to concentrate on how to keep increasing their Bitcoin portfolio instead looking for else where to diversify and if we must diversify then we we can go for BNB or any other one that has been in the market for a long-term too but as for seeking for new things that we aren't conversant with, am not an advocate of that.
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I agree to this buddy, must we look for new things, what if they new things aren't trusted or reliable, do we even though of what may likely happen to us if we eventually invest in this new projects may be the worst happen? I think the best thing for anyone involved in crypto (Bitcoin) space should do is to concentrate on how to keep increasing their Bitcoin portfolio instead looking for else where to diversify and if we must diversify then we we can go for BNB or any other one that has been in the market for a long-term too but as for seeking for new things that we aren't conversant with, am not an advocate of that.
BTC should always be the biggest concern in your portfolio.
All the rest are just possibilities to grab, which are not certain.
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I agree to this buddy, must we look for new things, what if they new things aren't trusted or reliable, do we even though of what may likely happen to us if we eventually invest in this new projects may be the worst happen? I think the best thing for anyone involved in crypto (Bitcoin) space should do is to concentrate on how to keep increasing their Bitcoin portfolio instead looking for else where to diversify and if we must diversify then we we can go for BNB or any other one that has been in the market for a long-term too but as for seeking for new things that we aren't conversant with, am not an advocate of that.
BTC should always be the biggest concern in your portfolio.
All the rest are just possibilities to grab, which are not certain.
Even Bitcoin wouldnt be certain and we do know that there's no such thing about being certain or assurance here on crypto world even if we do speak about into that top ranking coin on which everyone is really that trusting or mainly supporting on. Despite on having no assurance but cant be denied on what Bitcoin did really give us out on which this is really something revolutionary and made out that kind of benefit for human kind in terms of p2p transactions without 3rd party involved plus having that kind of pseudonymous feature on which it did really bring out that huge interest and attention to. Trying out to make out some comparison in Bitcoin and altcoins then it would really be that up to you on which one you would really be choosing but if you do really have that enough capital or money that you can put into then it will really be that not a problem at all.
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I agree to this buddy, must we look for new things, what if they new things aren't trusted or reliable, do we even though of what may likely happen to us if we eventually invest in this new projects may be the worst happen? I think the best thing for anyone involved in crypto (Bitcoin) space should do is to concentrate on how to keep increasing their Bitcoin portfolio instead looking for else where to diversify and if we must diversify then we we can go for BNB or any other one that has been in the market for a long-term too but as for seeking for new things that we aren't conversant with, am not an advocate of that.
BTC should always be the biggest concern in your portfolio.
All the rest are just possibilities to grab, which are not certain.
Even Bitcoin wouldnt be certain and we do know that there's no such thing about being certain or assurance here on crypto world even if we do speak about into that top ranking coin on which everyone is really that trusting or mainly supporting on. Despite on having no assurance but cant be denied on what Bitcoin did really give us out on which this is really something revolutionary and made out that kind of benefit for human kind in terms of p2p transactions without 3rd party involved plus having that kind of pseudonymous feature on which it did really bring out that huge interest and attention to. Trying out to make out some comparison in Bitcoin and altcoins then it would really be that up to you on which one you would really be choosing but if you do really have that enough capital or money that you can put into then it will really be that not a problem at all.
This time around, there are only so many shot coins and scam projects flooding the crypto space and if an investor is not smart enough, they will just fall victim for one of those scam projects and the challenge is that, if you don't look closely, you can not differentiate those projects from the ones that have good intention. That's the reason why I just prefer to invest in Bitcoin and partially on the old successful projects, example is bnb.
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This time around, there are only so many shot coins and scam projects flooding the crypto space and if an investor is not smart enough, they will just fall victim for one of those scam projects and the challenge is that, if you don't look closely, you can not differentiate those projects from the ones that have good intention. That's the reason why I just prefer to invest in Bitcoin and partially on the old successful projects, example is bnb.
However, the potential for big profits is more open for new projects, where the coin price will be very cheap and the possibility of exploding up to +1000% is still wide open ... although it tends to be unsafe, but +1000% in BTC is currently quite impossible ....
To choose a new project that has the potential to provide big profits, I think the weight is 40% luck, 50% insider connections and 10% analysis ... yes, insider connections such as pump & dump groups, or from secret communities that have power over the crypto world, are very influential ... then, luck is still an important factor in getting profit in every decision ...because no matter how good the analysis is, if he is not lucky, he will still lose.
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I agree to this buddy, must we look for new things, what if they new things aren't trusted or reliable, do we even though of what may likely happen to us if we eventually invest in this new projects may be the worst happen? I think the best thing for anyone involved in crypto (Bitcoin) space should do is to concentrate on how to keep increasing their Bitcoin portfolio instead looking for else where to diversify and if we must diversify then we we can go for BNB or any other one that has been in the market for a long-term too but as for seeking for new things that we aren't conversant with, am not an advocate of that.
BTC should always be the biggest concern in your portfolio.
All the rest are just possibilities to grab, which are not certain.
Even Bitcoin wouldnt be certain and we do know that there's no such thing about being certain or assurance here on crypto world even if we do speak about into that top ranking coin on which everyone is really that trusting or mainly supporting on. Despite on having no assurance but cant be denied on what Bitcoin did really give us out on which this is really something revolutionary and made out that kind of benefit for human kind in terms of p2p transactions without 3rd party involved plus having that kind of pseudonymous feature on which it did really bring out that huge interest and attention to. Trying out to make out some comparison in Bitcoin and altcoins then it would really be that up to you on which one you would really be choosing but if you do really have that enough capital or money that you can put into then it will really be that not a problem at all.
This time around, there are only so many shot coins and scam projects flooding the crypto space and if an investor is not smart enough, they will just fall victim for one of those scam projects and the challenge is that, if you don't look closely, you can not differentiate those projects from the ones that have good intention. That's the reason why I just prefer to invest in Bitcoin and partially on the old successful projects, example is bnb.
Bitcoin and successful old projects are our choice to invest, if we want to be safe with our money. because many new projects are fraudulent projects, it is better to do research and make analysis before investing in new projects. Look at the fundamentals and the man behind the project. I have not invested in new projects for a long time, because I think new projects are very risky and take a lot of time to do research.
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Bitcoin and successful old projects are our choice to invest, if we want to be safe with our money. because many new projects are fraudulent projects, it is better to do research and make analysis before investing in new projects. Look at the fundamentals and the man behind the project. I have not invested in new projects for a long time, because I think new projects are very risky and take a lot of time to do research.
You are right on noting that it is wiser to select an investment asset that has been able to remain in existence irrespective of the Industry trends in the market. Some candidates are always more familiar with such assets because they have experienced different trends in the market. Indeed we are able to notice numerous new projects coming with all sorts of beautiful prospects, but few of them are able to hang on or even often end up a loss to the investors. It is normal that you believe a new project to be rather dangerous, particularly if it requires you a long time to find out that it is a credible one. It is not possible which everyone has interest or readiness to go in every look that come and it makes sense to stay with the assets that are already familiar. Still, each person has his or her approach towards exposing risks and finding comfort in investment enclave.
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With the issue around the token that Javier Milei (Argentina's President) endorsed, and how badly it turned out, it has become obvious that trusting top names or even celebrity with how you engage with crypto is very risky business.
It has become very obvious that more than ever before doing your own research is extremely important, and this only works if you know how to.
Some of the things to look out for is the cliche white paper and team behind the project, you also want to lookout for its tokenomics, to ensure the token distribution isn't just a cash-out plan for insiders. You can also use explorers to track the token's movement. These are just some of the few I remember, I'd also appreciate inputs under this for how others research projects they want to invest in.
I've learnt the hard way to avoid any project that is endorsed or created by any celebrity, way back some years ago (I can't remember what year exactly) I invested heavily into a project that was endorsed by Bow wow and Mario, both are well known musicians, I invested in this project because of the love and trust I had in this both artists, but unfortunately, this project later ended up being a scam, I lost a very huge amount of money, I was very disappointed to be honest, this was when I started staying away from projects that are endorsed by celebrities.
And speaking of finding good project, the points you gave are all valid, but another one to also note is, if one want to reduce the risk of picking the wrong project, they should simply invest only in Altcoins that are already listed on large exchanges and have good community.
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Bitcoin and successful old projects are our choice to invest, if we want to be safe with our money. because many new projects are fraudulent projects, it is better to do research and make analysis before investing in new projects. Look at the fundamentals and the man behind the project. I have not invested in new projects for a long time, because I think new projects are very risky and take a lot of time to do research.
BTC is certain, others - not so much, but the possibility is always there to try and grab the potential by its tail (with big risks attached).
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I've learnt the hard way to avoid any project that is endorsed or created by any celebrity, way back some years ago (I can't remember what year exactly) I invested heavily into a project that was endorsed by Bow wow and Mario, both are well known musicians, I invested in this project because of the love and trust I had in this both artists, but unfortunately, this project later ended up being a scam, I lost a very huge amount of money, I was very disappointed to be honest, this was when I started staying away from projects that are endorsed by celebrities.
And speaking of finding good project, the points you gave are all valid, but another one to also note is, if one want to reduce the risk of picking the wrong project, they should simply invest only in Altcoins that are already listed on large exchanges and have good community.
I can understand why you have stopped investing in celebrity-centred projects after going through the event. People get involved into it due to the buzz, and the sweet words, this is especially the case when it is backed up with massive support of celebrities, who already have many fans. Regrettably, many of those projects are just using fame without having a vision that will make them sustain for the unspecified future. Of course, the decision to be more selective when it comes to deciding on assets that should be bought indeed stem from the sorts of experiences that you have undergone. There are certainly many potential warning signs that can be associated with a project’s credibility and yes, the existence of a company on a major exchange and a strong community would be one means reducing risk. Such circumstances make a person wiser and have a better outlook in choosing for their own investment opportunities.