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Author Topic: The impact of crypto on our lives  (Read 48338 times)

Offline enoch_from_off

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Re: The impact of crypto on our lives
« Reply #510 on: September 17, 2024, 09:19:47 AM »
-snip-
I also choose top coins as my choice coins to diversify my crypto investment. choosing top coins is easier because there is a lot of data and many references that we can use before deciding to buy the coins.
As a wise person and already understand, of course, what is done is to find the best. Choosing the best coin is quite easy to do because there are facilities available at CMC or CGK and just adjust it to the funds we have and where we will direct the funds. them of course, the choice is the best ranking and potential, because they have proven their abilities so far and are reasonable to be chosen as an investment.

It's also essential to do your own analysis still, because otherwise, you are going to rely on the sources of info more than on your own knowledge. That's my opinion, of course, and it's going more for the projects that are new on the market, not the big and reputable ones.

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Re: The impact of crypto on our lives
« Reply #510 on: September 17, 2024, 09:19:47 AM »

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Offline bounceback

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Re: The impact of crypto on our lives
« Reply #511 on: September 17, 2024, 10:21:07 AM »
I do agree. Using sources like CMC is good, but it's also important to create your own opinion on the coin from the facts you may find while thinking about investing in it.
That is, your opinion shouldn't be clouded by shillers and people alike - you should judge solely on the metrics that are open knowledge and directly related  to it.
I think using CMC or CGK only reference link to buy some coins but we must make own research before investing in that coins, but many information ready at CMC or CGK looking last one days history price until higher and lower price before set up how much our price target to buy.

Talking the impact of cryptocurrency in my live exactly have bigger impact until right now, since I know about cryptocurrency since 2016 from bounties campaign and earn much capital use for trading and investing. I think many people helped their financial after knowing with cryptocurrency although have any people got unlucky after their investment assets price going down.

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Re: The impact of crypto on our lives
« Reply #511 on: September 17, 2024, 10:21:07 AM »

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Re: The impact of crypto on our lives
« Reply #512 on: September 17, 2024, 04:39:16 PM »
It's also essential to do your own analysis still, because otherwise, you are going to rely on the sources of info more than on your own knowledge. That's my opinion, of course, and it's going more for the projects that are new on the market, not the big and reputable ones.
Yes, that's right, because carrying out independent analysis is a basic thing that everyone who wants to enter into any investment instrument, especially crypto, must have. Collecting information and verifying the correctness of the information and then analyzing it before drawing conclusions. All of this must become a habit that we must have in this industry. Sometimes analyzing a new project feels more difficult because of limited information. But if we are observant, even the smallest information can be a big reference.

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Re: The impact of crypto on our lives
« Reply #513 on: September 17, 2024, 07:58:39 PM »
It's also essential to do your own analysis still, because otherwise, you are going to rely on the sources of info more than on your own knowledge. That's my opinion, of course, and it's going more for the projects that are new on the market, not the big and reputable ones.
Yes, that's right, because carrying out independent analysis is a basic thing that everyone who wants to enter into any investment instrument, especially crypto, must have. Collecting information and verifying the correctness of the information and then analyzing it before drawing conclusions. All of this must become a habit that we must have in this industry. Sometimes analyzing a new project feels more difficult because of limited information. But if we are observant, even the smallest information can be a big reference.
You really analyze new projects more difficult because of the limitations of the information we get, this is more risky even though some people say that is difficult to provide more challenges. I prefer to do my own research and make an analysis of the project or coin that I will buy, then I make plans and strategies before I decided to buy the coins. This is called an independent analysis because we do it ourselves.
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Offline satpol_PP

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Re: The impact of crypto on our lives
« Reply #514 on: September 17, 2024, 08:24:19 PM »

You really analyze new projects more difficult because of the limitations of the information we get, this is more risky even though some people say that is difficult to provide more challenges. I prefer to do my own research and make an analysis of the project or coin that I will buy, then I make plans and strategies before I decided to buy the coins. This is called an independent analysis because we do it ourselves.
The new project really gives more challenges, but if we don't have experience, we should buy a top coin, I prefer advice to buy top coins rather than learning to do new project research. Because it is very risky by buying new coins and we must be ready to lose our money. I have tried it in times and suffered losses, so because of my busy schedule and did not have much time to do research, I did not buy coins or investments in new projects.

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Re: The impact of crypto on our lives
« Reply #515 on: September 17, 2024, 11:07:43 PM »
It's also essential to do your own analysis still, because otherwise, you are going to rely on the sources of info more than on your own knowledge. That's my opinion, of course, and it's going more for the projects that are new on the market, not the big and reputable ones.

To do your analysis, you are obviously going to rely on some data such as using a coin tracker, visiting the webpage of the project, read and study the white paper and many other data that will need to be access and assembled by you before you can have more good knowledge about the project. It's possible that after doing all the analysis and being confident that the project is going to be successful, the project can still prove you wrong.

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Re: The impact of crypto on our lives
« Reply #516 on: September 18, 2024, 05:30:24 AM »
The new project really gives more challenges, but if we don't have experience, we should buy a top coin, I prefer advice to buy top coins rather than learning to do new project research. Because it is very risky by buying new coins and we must be ready to lose our money. I have tried it in times and suffered losses, so because of my busy schedule and did not have much time to do research, I did not buy coins or investments in new projects.

I think it is advisable for one to look into top coin and most of these top coins are really old in the crypto space which likely makes it more safe and secure to invest into. For investors with busy schedule, I think your advise is quite alright to give into because there would not be much time for one to be doing research as to looking for new coin to invest in because it would take much time to do as they do not have a strong base like the top coins existing for quite some time. 

If you have a busy schedule and you are thinking of investing in crypto startups, you would need much time to do your research as to find out more about the project  before putting in funds but there is an alternative for you to look into top coin because that would save you less stress and time facing your work.
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Re: The impact of crypto on our lives
« Reply #516 on: September 18, 2024, 05:30:24 AM »


Offline PowerUp

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Re: The impact of crypto on our lives
« Reply #517 on: September 18, 2024, 07:44:08 PM »
All my income right now is from crypto.
I work at two Web3/crypto agencies, trade sometimes, and also make extra money from airdrops.
So, it means a lot to me.

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Re: The impact of crypto on our lives
« Reply #518 on: September 18, 2024, 09:48:09 PM »
The new project really gives more challenges, but if we don't have experience, we should buy a top coin, I prefer advice to buy top coins rather than learning to do new project research. Because it is very risky by buying new coins and we must be ready to lose our money. I have tried it in times and suffered losses, so because of my busy schedule and did not have much time to do research, I did not buy coins or investments in new projects.

I think it is advisable for one to look into top coin and most of these top coins are really old in the crypto space which likely makes it more safe and secure to invest into. For investors with busy schedule, I think your advise is quite alright to give into because there would not be much time for one to be doing research as to looking for new coin to invest in because it would take much time to do as they do not have a strong base like the top coins existing for quite some time. 

If you have a busy schedule and you are thinking of investing in crypto startups, you would need much time to do your research as to find out more about the project  before putting in funds but there is an alternative for you to look into top coin because that would save you less stress and time facing your work.
I agree with you if we have a busy schedule in the real world and are interested in investing in crypto, rather than not having time to do research and make analysis, we should buy top coins when the price is still low and decide to hold for the long term until the bullish season because this is more profitable and safer than trading and not being able to focus because of our busy real world.
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Offline UNIVERSE

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Re: The impact of crypto on our lives
« Reply #519 on: September 18, 2024, 11:48:43 PM »
The new project really gives more challenges, but if we don't have experience, we should buy a top coin, I prefer advice to buy top coins rather than learning to do new project research. Because it is very risky by buying new coins and we must be ready to lose our money. I have tried it in times and suffered losses, so because of my busy schedule and did not have much time to do research, I did not buy coins or investments in new projects.
New projects are riskier, it is not really challenging anymore. I found out too many failed new projects nowadays. I even decide to not joining new projects anymore. I prefer to join old projects because they are trusted enough. Moreover the top coins of top projects, they are the most recommended to join. It is not only you, I also have experienced to lose huge money many times in new projects. That's why I always remind other people who just join crypto that they should begin with top coins only. Kindly avoid to join new projects although it is very trending.


Online pieppiep

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Re: The impact of crypto on our lives
« Reply #520 on: September 19, 2024, 06:06:17 AM »
The new project really gives more challenges, but if we don't have experience, we should buy a top coin, I prefer advice to buy top coins rather than learning to do new project research. Because it is very risky by buying new coins and we must be ready to lose our money. I have tried it in times and suffered losses, so because of my busy schedule and did not have much time to do research, I did not buy coins or investments in new projects.
New projects are riskier, it is not really challenging anymore. I found out too many failed new projects nowadays. I even decide to not joining new projects anymore. I prefer to join old projects because they are trusted enough. Moreover the top coins of top projects, they are the most recommended to join. It is not only you, I also have experienced to lose huge money many times in new projects. That's why I always remind other people who just join crypto that they should begin with top coins only. Kindly avoid to join new projects although it is very trending.
Sometime it may be relatively easier to decide when to withdraw may be from a project may be more challenging than when to get involved in a new project. As in many aspects of the crypto world, sometimes prudence is better than passion, and this is also applicable for the decision made. It is definitely wiser to focus on those projects which are relatively more secure, especially if you have had your fair share of defeat. In light of this it may be wiser to maintain a more risk adverse portfolio where instead of always exploring new adrenalin rush generating investment a person invests in asset that have been well established.
 
 Secondly, people should also keep on learning about the market and technology behind cryptocurrencies and their projects. In some cases, even if the project is interesting, it should be considered that high popularity does not equal brand profitability in the long run. As they say, if you want to avoid risking on a potentially profitable surprise, it is better to do less of everything. Thus, it is still advisable not to rush and, to ensure that all the next move is well thought out and researched.

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Re: The impact of crypto on our lives
« Reply #521 on: September 19, 2024, 07:48:30 AM »
All my income right now is from crypto.
I work at two Web3/crypto agencies, trade sometimes, and also make extra money from airdrops.
So, it means a lot to me.

Wow, that's great for you!
I would love to hear your story and how you came into crypto and achieved such progress.
Would you like to create such a thread in the future?

Online yohananaomi

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Re: The impact of crypto on our lives
« Reply #522 on: September 19, 2024, 08:58:24 AM »
The new project really gives more challenges, but if we don't have experience, we should buy a top coin, I prefer advice to buy top coins rather than learning to do new project research. Because it is very risky by buying new coins and we must be ready to lose our money. I have tried it in times and suffered losses, so because of my busy schedule and did not have much time to do research, I did not buy coins or investments in new projects.
New projects are riskier, it is not really challenging anymore. I found out too many failed new projects nowadays. I even decide to not joining new projects anymore. I prefer to join old projects because they are trusted enough. Moreover the top coins of top projects, they are the most recommended to join. It is not only you, I also have experienced to lose huge money many times in new projects. That's why I always remind other people who just join crypto that they should begin with top coins only. Kindly avoid to join new projects although it is very trending.
Risks and challenges are true that will exist in every new project, but these challenges are also liked like those who want to get more value from new projects even with a high enough risk of fraud.
Everyone does have his own character and maybe you, including I, don't like new projects because of that high risk.
Especially those of you who have suffered repeated losses with new projects, of course, will be traumatized to want to do again. I agree that it is better to buy the best ranked coin on the market, because it can guarantee their ability to be able to provide benefits.

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Re: The impact of crypto on our lives
« Reply #523 on: September 19, 2024, 11:27:46 AM »
The new project really gives more challenges, but if we don't have experience, we should buy a top coin, I prefer advice to buy top coins rather than learning to do new project research. Because it is very risky by buying new coins and we must be ready to lose our money. I have tried it in times and suffered losses, so because of my busy schedule and did not have much time to do research, I did not buy coins or investments in new projects.
New projects are riskier, it is not really challenging anymore. I found out too many failed new projects nowadays. I even decide to not joining new projects anymore. I prefer to join old projects because they are trusted enough. Moreover the top coins of top projects, they are the most recommended to join. It is not only you, I also have experienced to lose huge money many times in new projects. That's why I always remind other people who just join crypto that they should begin with top coins only. Kindly avoid to join new projects although it is very trending.
Risks and challenges are true that will exist in every new project, but these challenges are also liked like those who want to get more value from new projects even with a high enough risk of fraud.
Everyone does have his own character and maybe you, including I, don't like new projects because of that high risk.
Especially those of you who have suffered repeated losses with new projects, of course, will be traumatized to want to do again. I agree that it is better to buy the best ranked coin on the market, because it can guarantee their ability to be able to provide benefits.

I may agree with you.
Credibility goes a long way, and without it, going for new projects is usually very risky.
If you want stability - go for old coins.
If you want a bit of spice to your investment + potential - choose alts.

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Re: The impact of crypto on our lives
« Reply #524 on: September 19, 2024, 08:40:50 PM »
I agree with you if we have a busy schedule in the real world and are interested in investing in crypto, rather than not having time to do research and make analysis, we should buy top coins when the price is still low and decide to hold for the long term until the bullish season because this is more profitable and safer than trading and not being able to focus because of our busy real world.
I think there are many people out there who want to invest in Crypto but are just a bit sceptical about their investment to be accurate because they have no idea much on the project they are about going into as a result of their schedule to do much verification or research about it. They just have to look into the market, check out for top coin on coinmarketcap then do their investment and it would be nice they do that when the market is bearish or if they are planning on holding for a long time, they can invest since they have a job or other business they can rely on for backup and with time and in line with their investment terms, they could make good profit from their investment.
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