Don´t Waist Your Money - Only Invest In Solid Coins & Projects!
Dump and Pump Groups, Coin of the week and Crypto Gurus all over the place... It´s more important than ever to invest very carefully within the cryptosphere in case you don´t want to loose all your money in a short time!
It´s just something solid and experienced investors might never really understand whenever they see newcomers throwing money into projects they don´t even know the slightest bit about. It might work out once or twice but sooner or later the initial luck turns into cruel reality and all the money will be gone.
Especially within the cryptosphere such moves can happen within a single hour without any warning and leave you behind owning a worthless token without any use case or value. That being said I can just once again recommend everyone to only invest in legit projects, which can swallow a dump easily as a big community stands behind them supporting the project and believing into it´s use case.
Within 2018 we might see major Regulations coming for the crypto markets worldwide and especially the ICO space significantly. Actually I further believe that the officials will continue to investigate, expose and take down fraudulent projects and unfortunately there seem to be a lot of them out there...
That all being said it´s your choice to choose the right projects to invest in. Don´t just throw your money in blindly as it´s too valuable to get lost in the end. Please just don´t waste it!
What´s Your Opinion On This & What Do You See Happening in 2018?
(Pssst, that´s no investment advice at all but I heard Steem is a great token and Steem Power shall be even better! 😉)
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Absolutely. Very sound advice....sadly, most will not take it. We will continue to read about the horror stories of people getting bilked for millions of dollars.
Personally, I do not touch ICOs since I have no where near the ability to judge a good one from a bad one. There are a lot of projects that sound good which will fail miserably. Some due to the fact they were scams from the beginning. Others, and most likely more common, because even though there are the best of intentions, there simply isnt the expertise to deal with the challenges a new blockchain has.
People need to stop getting caught up in the euphoria. In the last couple months, the only thing I bought was STEEM and BTS, two tokens I believe in. Over the past month, with the major run, I put no fiat in. I am at a point where I have some cash to buy in again, but I am taking it slow before I jump. A big pullback in one of my core holdings might cause me to add or I might do another token...but it wont be blindly.
I´m as well not investing in any ICO´s anymore at all as like you say it´s really hard to judge them and even in case they sound promising it could still be a scam or the project doesn´t get far as the founders don´t really push it after making a bunch of money...
Steem and BTS are as well my two biggest holdings and just like you I strongly believe in their major success within 2018 and beyond. We´ll see prices in future that are far away from the ones today. I think your estimation is about 100$ for the near future, which would make everyone who owns 1.000 Steem a wealthy individual :)
BTS has definitely been more frustrating lately, I actually really love the exchange and am surprised there aren't more people on board. Seems like people just go with the FOTM or whatever is being hyped instead of looking at the actual products. I'm waiting BTS out though, @dan and co seem to always create great products, I'm most hyped for EOS even though it's a ways off
Most of the good looking ICO's you can't even invest in (well there are work arounds). I already made my picks, now my main focus will be on watching those coins and steeming to generate steem. I want Steem to be my largest % of my portfolio.
@steembusiness Although I do have some of the TOP 10 Crypto's I feel really good about the POWER of STEEM in 2018 !!
The Power of Steem in 2018 will reach whole new proportions :)
Oh man there's probably a thousand 'gurus' on Steemit alone. Solid advice there bud. Stick with the winners. I been hodl hodlin on LTC, BTC, ETH and NEO awhile now.
Not just on Steemit but as well on Twitter, Facebook and Youtube. Unfortunately many people follow them blindly without realizing that pretty much everyone could have made himself a guru in that bull market... Being wrong on saying a coin goes up was pretty much impossible.
I would love to see some benchmark metrics for cryptos across the board. Technical indicators that can cut through the noise and help identify the coins with a firm foundation and solid business case, vs the highly speculative coins that only have value because of the hype.
Some metrics off the top of my head:
Trading Volumes
1.1 volume - person to person
1.2 volume - person to business
1.3 volume - business to business
(Along with average transaction size/value)
Regional activity maps - globally. Where are the users? Is it truly global?
Development team statistics, including soft forks and code update history.
Any thoughts?
Volume is very important for me as well. In case a coin is just traded with a few thousands a day it can be pumped and dumped so easily while one trading in the millions can be considered a safer asset, at least whatever we might consider as safe in cryptos :D
I think it's good investment advice. Newcomers only see rises and falls in stead of educati g there selfs on the platform of the project. I was gilty of this at o e point.
I think in the beginning we all might have been a bit guilty of that. I´m really just investing into some chosen projects today, which I believe have a great future. I just don´t wanna move around my coins every day anymore :D
Many people buy coins in bulk without even reading the white papers, or doing some studies, and then expect returns haha that is not how crypto works.
It might work once or twice but then reality will catch them again...
as i am not a rsik taker, i would just stick to steem and i am sure its going to rise up sooner
Clever, very clever :)
i think many people got into crypto because it's "easier" than traditional stock markets, you can easily buy from coinbase and sell again. if this people starts having FUD the whole market could see a crazy downtrend...which at the bottom will be the time to buy again! :D
Yep quite plausible & red days in crypto are good days for the experienced among us cause then it´s shopping time :)
@steembusiness i think cryptocurrency is a very technical business on on its own ,adviceably ,one should not just buy coin but read the white paper and understand there project and also paience is key
I like as well to click through the internet and certain forums to find further information. There are always people out there who know more about projects than you or your friends might do.
This is super important to remember. I just heard about a group selling spreadsheets of cryptos to buy for $250 each.
spreadsheets of cryptos for 250$ each? What information shall they contain?
It was what small, mid, and large cap you should buy for short or long holdings. And predicted prices.