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Author Topic: Be careful of the coin you invest on.  (Read 10362 times)

Online kulkhan

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Re: Be careful of the coin you invest on.
« Reply #105 on: June 27, 2024, 08:13:25 PM »
Yes every investors need to justify before invest in cryptocurrency. Because investment on cryptocurrency is very risky sometimes. If anyone buy some bad coin then he will be losser there has no doubt. So to buy any new or old coin we have to be more careful about it. We saw some new coin increase 3x,4x etc. But without justify if anyone buy is there will be big chance to lose from that. So we have to more careful about invest .
We are given the effort to be able to do a good analysis before making any investment, especially in crypto, where it is always difficult to understand every movement.
If you are able to analyze, then do it well and, of course, don't choose bad coins because it will lead to losses, but if you are not able to analyze them then there is an opportunity to look for them at CMC, where there are lots of potential coins that can be invested.
It's true that new coins are very attractive because what we get is sometimes bigger than the first investment, but that doesn't guarantee that the price will be like that, because it might go down when it enters the stock exchange.
Wow good news for us. I think it will be very helpful to us who are we want to invest on cryptocurrency. Acctually i need a list of good xoin which is very good for long time investment . I want to invest for 1/2 years. I think in this market within 1/2 years possible for big return. I want to more invest on cryptocurrency market. I already invested here near aboit 4k $ and i want to more 1-2k $.
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Re: Be careful of the coin you invest on.
« Reply #105 on: June 27, 2024, 08:13:25 PM »

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Offline JoyMarsha

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Re: Be careful of the coin you invest on.
« Reply #106 on: July 15, 2024, 10:17:03 PM »
This is quite true...the risk in investing with new coins or tokens can be so high all because there is no assurance that they will really make it in this very competitive market. However, we should note that if a person is not afraid of risks and has the money to play in the market, new coins got the potential where people can experience the x100 or even x1000 ROI as old coins will not be able to grow and be profitable that way though they are already more stable. And I think this is the reason why many people still continue to invest even lousy projects because they are hoping they will strike the GOLDMINE they are looking for. Surely, this is not for people who are just new and have not yet learned the ins and outs of the market. Avoiding loss is impossible but losses can be recovered even just one project that will really shine and will skyrocket in value.
There are many new projects claiming they're this or they're that. But I'd like to say "all are not good and all are not that bad too." We've filter out bad one and choose good ones from them. As you said, yeah new one and legit one with good team/devs can have huge potential yielding its investor with huge profits as new project still have many more space to expand whereas old ones are already got saturated or stable. So it is like "choose wisely, Take risk, wait sometime, collect profit/reward".
Taking the risk of investment is part of what every crypto investor should learn after they have done their research on coins to invest, and they are investing with their spare money.

Investing in new or old coins is very risky, none of us knows the one that will give us maximum profits since there are thousands of coins already existing in the market. That's why the need to have a diversified investment comes into mind because we don't know the exact coin that will make it big in the bull run since the majority of us are anticipating huge profits from our crypto investment

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Re: Be careful of the coin you invest on.
« Reply #106 on: July 15, 2024, 10:17:03 PM »

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Offline sampoerna

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Re: Be careful of the coin you invest on.
« Reply #107 on: July 16, 2024, 11:59:09 PM »
Wow good news for us. I think it will be very helpful to us who are we want to invest on cryptocurrency. Acctually i need a list of good xoin which is very good for long time investment . I want to invest for 1/2 years. I think in this market within 1/2 years possible for big return. I want to more invest on cryptocurrency market. I already invested here near aboit 4k $ and i want to more 1-2k $.
Invest for 6 months, okay? Does that mean your target is to invest and not make profits during the bull run? because there is a big possibility that a bullrun will happen next year, but we don't know yet whether it will happen at the beginning of the year, the middle or the end of 2025. So, it looks like you have to plan again for your sports targets and take profits next year.

As for the coins themselves, make sure not to put your money in hype coins that only circulate for a moment and end up becoming shit coins. There are many types of coins like this, especially new coins. So, you really have to be able to analyze it. CMC might be able to help, but if you want to be guided by that platform or CoinGecko, make sure you only choose the top coins. because there are thousands or even millions of coins here, so you have to be more careful. I recommend continuing to take top coins. All of that will definitely be risky too, but at least to minimize the level of risk.

See the coin lists:
https://www.coingecko.com/
https://coinmarketcap.com/
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Offline nakamura12

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Re: Be careful of the coin you invest on.
« Reply #108 on: July 23, 2024, 07:03:10 PM »
This reply of mine is for those newbies about what coin to invest. The cryptocurrencies that you can invest are eth and btc. If you are willing to take risk on investment then better make a research about the crypto you are going to invest if it's worth the risk and your time. Anyway, that's just an example and the decision is up to you on what you want to invest. If I were you, I would do the same as what I explained which is to ask opinions and compare it to my decision/plan before I invest and take the risk (afte having invested in eth or in btc).
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Re: Be careful of the coin you invest on.
« Reply #109 on: July 23, 2024, 10:30:17 PM »
The best advise i can give to anyone with the thought of setting up a good portfolio of potential project is, stay sharp and do your own research and focus more on investing based on  your risk tolerance because investing above what should be invested off your earnings or salary is toxic to not only your life but also your portfolio. Majority of persons who make such mistakes often fall back to their portfolio and make withdrawal even before their pre-predicted date of withdrawal and that could lead to indicipline where as the investor would make withdrawal when ever he/she has any minor needs to be settled.  As investors, there is a need to have reserved fund or emergency fund to be able to cover large expenses in case of any emergency need.
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Re: Be careful of the coin you invest on.
« Reply #110 on: July 24, 2024, 06:19:14 AM »
As for the coins themselves, make sure not to put your money in hype coins that only circulate for a moment and end up becoming shit coins. There are many types of coins like this, especially new coins. So, you really have to be able to analyze it. CMC might be able to help, but if you want to be guided by that platform or CoinGecko, make sure you only choose the top coins. because there are thousands or even millions of coins here, so you have to be more careful. I recommend continuing to take top coins. All of that will definitely be risky too, but at least to minimize the level of risk.
A little additional advice from me is, don't analyze too many different coins... it will only fill your mind with unimportant information... it's better to analyze one or two coins first, and understand them over a long period of time. .. even up to a month doesn't matter... the important thing is to understand it first, then after understanding, we can move on to analyzing the next coin....

Don't be easily attracted by other coin gains that have reached more than 100% at the current time, even though the coin we are analyzing is in the red... stay focused and don't be easily provoked by circumstances.

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Re: Be careful of the coin you invest on.
« Reply #111 on: July 27, 2024, 05:43:11 AM »
Some of the coins I like the most as the best coins to invest in are Bitcoin, Ethereum, BNB Solana. Other than these few coins I don't really like unique coins to invest in. I have invested all these coins in my investment portfolio I have not invested any other coins outside of these coins. Many people choose to invest in Shit Coins and I do not support those investments at all. Because shitcoins can die at any time. So the most important thing to consider while investing is which coin you invest in and whether it has a good long term plan and forward trend. Moreover, some other important points are that investment cannot be done in a hurry, investment should be long-term.
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Re: Be careful of the coin you invest on.
« Reply #111 on: July 27, 2024, 05:43:11 AM »


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Re: Be careful of the coin you invest on.
« Reply #112 on: July 29, 2024, 10:33:55 PM »
If we don't want to waste our investment fund on any how coin, then we have to take our time in making research well before the whole thing turns out as unexpected on us, investing take time and we have to follow the procedures involved in learning on the kind of coin to invest, when to invest and how to make it done, if we cant afford to loose the money on the investment made, we shouldn't try it, if we also have no idea zero idea on the investment, we should avoid so as well.

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Re: Be careful of the coin you invest on.
« Reply #113 on: July 30, 2024, 08:47:41 AM »
Very mindful within the season. Always endeavour to undergo adequate research before picking any of those unknown or newly developed coins to invest on because that was definitely a malicious periods where scammers are more tightened to be tactical about scamming people.

So it is better of you to stick to already aware reputable coins than chasing after a quick rich due to coins hyping and speculations.
Perhaps... It is profitable of you to get rich gradually with your assets secured than loose it all at the course of chasing quick riches.

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Re: Be careful of the coin you invest on.
« Reply #114 on: July 30, 2024, 03:18:36 PM »
Very mindful within the season. Always endeavour to undergo adequate research before picking any of those unknown or newly developed coins to invest on because that was definitely a malicious periods where scammers are more tightened to be tactical about scamming people.

So it is better of you to stick to already aware reputable coins than chasing after a quick rich due to coins hyping and speculations.
Perhaps... It is profitable of you to get rich gradually with your assets secured than loose it all at the course of chasing quick riches.
I think investors who have experienced 1-2 previous cycles have enough experience to make the safest choices for themselves, however, F0-investors will easily all-in on trending tokens or buy memecoins to get a chance to x1000 their assets in the short term. Greed is the biggest trap in this market, it is even more dangerous than fear.

Even when a potential token has been selected, for example, the native token of a top blockchain in the market, investors still need to continuously monitor price chart and news related to the project. UST-LUNA of Terra and FTT of FTX are classic examples of the need to continuously monitor market fluctuations.
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Re: Be careful of the coin you invest on.
« Reply #115 on: July 30, 2024, 04:53:19 PM »
This reply of mine is for those newbies about what coin to invest. The cryptocurrencies that you can invest are eth and btc. If you are willing to take risk on investment then better make a research about the crypto you are going to invest if it's worth the risk and your time. Anyway, that's just an example and the decision is up to you on what you want to invest. If I were you, I would do the same as what I explained which is to ask opinions and compare it to my decision/plan before I invest and take the risk (afte having invested in eth or in btc).

Sometimes it is important to take some risks because without taking any risk one will stay at the same level when he/she started his/her journey in any field. Now, here is another thing if one who is new to any space then he/she should take less risk, in clarity I would say take risk only with the amount one can bear in the form of loss. One should not only focus on taking risks as there is a term used for risk is risk management so one should try to reduce his/her risk as much as possible.

In my view, as you also aforementioned investing in Bitcoin should be the higher priority, and other than that one should invest a minimum part of his/her investment in alt projects as investing in altcoins is a very picky part and it requires good research before investing in any of them. So, one needs to find Good projects from the market and invest little amount in different projects from the total of your minimum portfolio that one has allocated for altcoin investment. This is also known as diversification which really helps one to reduce his/her risk over investment because in case if one project in which he/she invested performs badly then another one can perform well so in this way he/she can recover his/her lost amount in altcoins. DYOR!
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Re: Be careful of the coin you invest on.
« Reply #116 on: July 31, 2024, 06:44:16 AM »
Very mindful within the season. Always endeavour to undergo adequate research before picking any of those unknown or newly developed coins to invest on because that was definitely a malicious periods where scammers are more tightened to be tactical about scamming people.

So it is better of you to stick to already aware reputable coins than chasing after a quick rich due to coins hyping and speculations.
Perhaps... It is profitable of you to get rich gradually with your assets secured than loose it all at the course of chasing quick riches.
I think investors who have experienced 1-2 previous cycles have enough experience to make the safest choices for themselves, however, F0-investors will easily all-in on trending tokens or buy memecoins to get a chance to x1000 their assets in the short term. Greed is the biggest trap in this market, it is even more dangerous than fear.
Left with experienced Investors alone along the space with the scammers Indulgences, believably scammers victims would be subsidized so, they mostly targets the beginners who are more of greeds to get quick rich due to the coins hypes.

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Re: Be careful of the coin you invest on.
« Reply #117 on: July 31, 2024, 02:45:34 PM »
If we don't want to waste our investment fund on any how coin, then we have to take our time in making research well before the whole thing turns out as unexpected on us, investing take time and we have to follow the procedures involved in learning on the kind of coin to invest, when to invest and how to make it done, if we cant afford to loose the money on the investment made, we shouldn't try it, if we also have no idea zero idea on the investment, we should avoid so as well.
If we are afraid to choose the wrong coins, kindly invest in Bitcoin and Ethereum only. These are the most recommended coins, I'm sure we even don't need to make a research on these coins. But we must understand the cycle at least, so we can make a good plan for the entry and the exit time. If we have good knowledge, it wont be so difficult to determine the goal/target for taking profits. Anyway, it is true that we must always to use the money that we can afford to lose. Don't use the money allocated for basic matters in life.


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Re: Be careful of the coin you invest on.
« Reply #118 on: August 19, 2024, 09:35:38 AM »
What makes a lot of people lose interest in cryptocurrency is because of the rate which they lose there money and the reason for this is making bad decision in choosing coin to invest in, a lot of my friends has lost money in cryptocurrency because of the coin they invested on, when it comes to cryptocurrency investment the best coin to invest on is Bitcoin, Bitcoin investment gives you peace of mind and you won't have to fear losing your money especially if you are into Long term Bitcoin investment.
I will advise you all should avoid all this new coin because a lot of them are scam, there was a popular music star called davido he created a coin called davido coin and he advertised the coin in all his social media account and all his fans went and bought those coins and the coin started growing in value and in price, the music star davido has the highest number of that davido coin, so when the coin grew to a certain level he sold all his coins and made millions and the coin immediately dropped in value and those that invested in it lost all there money, so that is why it is advised to remove your eyes in new coins they are scam, they are just created by the creators as soon as it gain little value they sell of and make gains why those that invested in it loses.

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Re: Be careful of the coin you invest on.
« Reply #119 on: August 31, 2024, 11:40:56 PM »
Though this space can make one to be wealthier.
You are pretty correct with this. This space has made many people wealthier than they expected, and it has led to people's bankruptcy all because they invested more than they could afford to lose and were too greedy in their investment, not setting aside the amount they were going to sell their Bitcoin or altcoin assets.

However, this upcoming bull run would bring about many millionaires in crypto space, making it the second time, millions of people would become millionaires through crypto. The first was in 2021, the second one will be in 2025, I just hope many of us here in the forum made it through, to be the millionaires that will give rise from crypto by next year

 

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