Any advice for a newbie?

[Joseph Lee]

I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.

From what I know so far, premarket facilitates peer-to-peer (P2P) trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. It allows buyers and sellers can establish orders in advance to execute trades as desired and complete the trade at a later time. That part's explanatory, but I'm sceptical about these type of transactions. Any advice would be helpful pls.

[Zed0X]

This is the first time I've read that term used in crypto, it's often done in stock market. You'll have to completely trust the seller and whoever is the developer/founder of that project because that's clearly a huge gamble. You have no basis for valuation other than the potential upside of the token.

I wonder how the seller got a hold of the token. Was it sold to them through ICOs or other type of private sales? Usually, tokens sold through that method are still locked (non transferrable) until it's officially listed on an exchange (open market).

[hugeblack]

Can you mention the name of the token? In most cases, the chance of achieving a good profit is small, but if the developing team is good, liquidity is limited, and the selling price is close to the listing price, then some profits may be achieved.

I wonder how the seller got a hold of the token. Was it sold to them through ICOs or other type of private sales? Usually, tokens sold through that method are still locked (non transferrable) until it's officially listed on an exchange (open market).

In a private or initial sale, an initial price is set for the token, and after listing, if the token reaches higher than this price, profits will be achieved. In most cases, the price is very low to finance the project expenses and listing costs, but in most cases the currency fails to reach the target price.

[Vx1]

Don't rush into making a decision to buy a new coin that hasn't been released on the market if you are still a beginner, because it could be dangerous if you don't understand it. 
But if you can analyze a new crypto project then it doesn't matter if you do that, in fact it's a good opportunity if you can buy coins before they enter the market or what we usually know as presale/pre-market.

[kulkhan]

Yes newbies should more and more active in this Forum. It is first advice. Even newbies should learn more from various source. Who will learn properly he will be successful from this sector. I think if any Newbies learn properly about crypto and overall he will be huge benefited today or tomorrow.
So my advice for newbies first be active in this Forum and gether knowledge.

[milewilda]

I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.

From what I know so far, premarket facilitates peer-to-peer (P2P) trading between buyers and sellers, enabling them to acquire coins at optimal prices, secure liquidity in advance, and complete delivery at a mutually agreed upon time. It allows buyers and sellers can establish orders in advance to execute trades as desired and complete the trade at a later time. That part's explanatory, but I'm sceptical about these type of transactions. Any advice would be helpful pls.

Lets put up some example on Whales.market or even on bybit pre-market prices on which you would really be neither selling or buying but of course it would be something be filled if there's someone who would really be tending to buy or sell it up. I havent tested out myself considering that pre-market prices could neither be that too low once those coins would be listed on
exchangers with much having higher price on which it would be leading for you to have that kind of regret but if it turns out that you have get that good price on pre-market then it would be good.
I do heard off that you would be needing to have a collateral when dealing up with pre-market specially on filling those orders.

[Dr.Bitcoin_Strange]

want newcomers to understand that not all threads are necessary here for them to discuss on, and that someone should do more research about something before bringing it up to the forum, even though you are not expected to do so as a beginner when you are also looking for a way to learn from the more experienced forum members. I believe some newcomers believe that creating a topic in the forum is a way of gaining karma but yeah it need to be meaningful, which is why I believe most beginners create threads Before they establish a post, this is why they perceive it as difficult when they wish to build a significant issue and then offer it that way, however I think some still lack guarding.

Although they are newbies, that consistently post meaningful posts to the forum. Despite this, however, karma's do not come from only forum contributions. In my opinion, exchanging thoughtful, beneficial suggestions is another approach to acquire karma that will advance one's rank.

[Davidvictorson]

Don't rush into making a decision to buy a new coin that hasn't been released on the market if you are still a beginner, because it could be dangerous if you don't understand it. 
But if you can analyze a new crypto project then it doesn't matter if you do that, in fact it's a good opportunity if you can buy coins before they enter the market or what we usually know as presale/pre-market.

You are right. There is a saying that goes, make haste slowly. As a newbie, he should be able to conduct a thorough research. If I were him, the first place to begin is the project's whitepaper and the team involved and their level of experience. Despite the research, the newbie has to know the level of risk that they can carry in buying the coins because you cannot be sure how if the  project will succeed or fail.

[MUGNIA]

Don't rush into making a decision to buy a new coin that hasn't been released on the market if you are still a beginner, because it could be dangerous if you don't understand it. 
But if you can analyze a new crypto project then it doesn't matter if you do that, in fact it's a good opportunity if you can buy coins before they enter the market or what we usually know as presale/pre-market.

I agree, because in my opinion buying a new coin that hasn't been released yet is like buying a cat in a sack, if you really want to invest, it's better to buy it when it's open listed on a market, that also requires accuracy and an in-depth survey of the project you want to invest in, don't be a donature. suddenly  into an unclear project

[R100K-Martin-Lunger]

It depends on which project you're talking about. Do a lot of research before blindly buying any asset in the crypto space

[Gurujebs]

Pre-market is dangerous and very riskier than even running to new listed coin just to buy low and the sell high.

I know of exchange like Kucoin that offer such service and after careful observation with the listed coins, majority of coins are bought higher than all time high listed on trading day and that means who ever buy coin on prel-listed market is likely to lose money, just wait for after listing and then buy after the market has made correction.

It's only profitable when the seller sold to you at fair price or cheaper than what others are selling but you know no trader will be willing to do that with when their is assurance of listing with a good price.

[Aanuoluwatofunmi]

I have this two advice for a newbie who is just starting cryptocurrency and this forum, we cannot on a go know everything at once, which means there are times we may have to be patient with life and follow the due process, if we don't want to record for something else we don't want to see happened, time will make it worthwhile for us to use every single opportunity in learning and to get used to the platform and crypto, ask questions where necessary and make research as you may want it to be.

[Sim_card]

Since you are new in the crypto market, it better that you start investing on a popular coin that has potential like bitcoin, instead of looking for a cheap coin that have not being released into the market, because I have seen many of those coins that are not yet released might not survive the market. Don't go and invest on a coin that will bring you regrets but rather invest on a coin that have a big market cap and value. However, if you want to go ahead and invest on new coins, you should only do that with the amount of money that you can afford to lose, and do your own research to know more about the coin.

[Vx1]

Don't rush into making a decision to buy a new coin that hasn't been released on the market if you are still a beginner, because it could be dangerous if you don't understand it. 
But if you can analyze a new crypto project then it doesn't matter if you do that, in fact it's a good opportunity if you can buy coins before they enter the market or what we usually know as presale/pre-market.

I agree, because in my opinion buying a new coin that hasn't been released yet is like buying a cat in a sack, if you really want to invest, it's better to buy it when it's open listed on a market, that also requires accuracy and an in-depth survey of the project you want to invest in, don't be a donature. suddenly  into an unclear project

It's not like that, because someone who is still a newbie in Cryptocurreny usually doesn't understand the ins and outs of crypto.
One wrong step can be a big problem, actually buying pre-market coins can make us big profits provided that the coins we buy are coins from a good project so that when they are released on the market the price can rise high. 
The problem is that newbies can't learn this yet, so it's safer if newbies just buy coins when they are released on the market.

[LogitechMouse]

I'm still a little new to this so just thought to ask here, how familiar are you folks with pre-market offers? I've seen a new token I'd like to buy but for now it's only available on pre-market basis.
~

I'm not familiar with pre-market offers, but the fact that you said that it's between buyers and sellers, and there's no official price with that token is already a red flag for me, and I would avoid it if I were you.

Always take note that the price of the token of a new project always goes down regardless of what project it is. As soon as the token gets listed, it's price immediately goes down because those holders will sell it to take profit. Developers can set the price that they want, and all the time, that's a very high listing price. I would suggest to just stay away from it, and just wait for it to get listed on an exchange with its actual price.