Place your Ad here for $10.00 per Month!

Do you trust new crypto coin?

Kirubel

Kirubel

Veteran Member
Literary Virtuoso
Registered Member
Senior Contributor Master Contributor Elite Contributor First Like
Joined
Oct 22, 2023
Messages
4,484
Reaction score
411
Trophy Points
29
D Bucks
💵1.452250
Referral Credit
25
As a cryptocurrency investor when i plan to invest on any crypto coin i study the price market and the eligibility of the coin, and i always make sure the coin i am looking forward to invest on is not going to fall and lose its value, so most of the times i don't invest on new crypto coins, even if the coin turnout to be a profitable coin i am really scared on investing on new crypto coin.
What about you do you trust newly realised crypto coins for your investment plan?
 
Investing in new cryptocurrency is scary these days; you just don't know what might happen. The sheer amount of crypto projects that go burst is alarming. I've even taken time to read some new crypto's white paper and all. It looks good in writing, but when implemented it mostly ends in failure

For now, I'll stick to my known devils; I won't be ruined by some unknown devils in disguise.
 
In my opinion, choosing an ICO to launch is more difficult than choosing an IPO, both of which don't yet have a market price and haven't been listed on the stock exchange, so we buy on the primary market or buy from the issuer/developer. As far as I know, almost more than 60% of investors in new crypto coins that will be launched on the crypto exchange are speculators.
 
Nope i do not trust most of these new coins. Majority of them usually turn out to be scam or some do not bring the required profit you had intended them to bring out.
 
It depends on its fundamentals, whether it's a real cryptocurrency or just a token, who is the team behind the project, and a few other things, otherwise, I won't trust a new coin to be honest, there are a lot of scams in the crypto market.
 
riberet19 said:
It depends on its fundamentals, whether it's a real cryptocurrency or just a token, who is the team behind the project, and a few other things, otherwise, I won't trust a new coin to be honest, there are a lot of scams in the crypto market.
Click to expand...
I agree deciding on wither to choose newly developed crypto coin or not to invest on it depends on some researches, but is there a chance that a new coin with good potential can lose its value?
 
There are also many investors who are hunting for crypto coins that are new or about to be launched, in general they invest short term for less than 1 month, and they will take profit after the cryptocoin is listed on the exchange and of course the price has increased.
 
Suba said:
There are also many investors who are hunting for crypto coins that are new or about to be launched, in general they invest short term for less than 1 month, and they will take profit after the cryptocoin is listed on the exchange and of course the price has increased.
Click to expand...
Yeah some investors hunt new crypto coins because thus new coins have very low price and they can invest a little money and can get a lots of coins, and when the coin value is open for exchange they sell their holdings and get profit. But this will make the value of thebnew coin drop amd other investor will lose their investments.
 
It takes a lot of time before starting making transaction and the first thing is that some earning websites starts pay out this coin and it is listed on some exchange platforms and the third and most important thing there is an important volume of transaction and not ETH network based.
 
Fidelia said:
I am averse to risks no matter how little they may seem. That is why I can't just trust a new crypto coin. I prefer to invest in established coins.
Click to expand...
You are right new coins that developed are very risky to trust them and put all our money that we have, they may get doped and lose value and price then that will put us in very big problem and lose.
 
Kirubel said:
I agree deciding on wither to choose newly developed crypto coin or not to invest on it depends on some researches, but is there a chance that a new coin with good potential can lose its value?
Click to expand...
Of course, no cryptocurrency is destined to succeed based on its fundamentals alone, but it is always better to invest in a cryptocurrency with good fundamentals and a high success rate in the long term than one that does not have them and is pure speculation, like meme coins.
 
riberet19 said:
Of course, no cryptocurrency is destined to succeed based on its fundamentals alone, but it is always better to invest in a cryptocurrency with good fundamentals and a high success rate in the long term than one that does not have them and is pure speculation, like meme coins.
Click to expand...
I agree with you its better to depend on those coins with high success rate in that way we can invest and hold our coin for long time, i remember i invested on TALK coin on yobit platform and on the day the coin was open for exchange i was very busy and i couldn't exchange the coin but after few days when i open yobit exchanging site the value of the coin dropped and i lost almost half my investment and i immediately exchange the coin, after that the coin never recovered and now it have no value.
 
Kirubel said:
I agree with you its better to depend on those coins with high success rate in that way we can invest and hold our coin for long time, i remember i invested on TALK coin on yobit platform and on the day the coin was open for exchange i was very busy and i couldn't exchange the coin but after few days when i open yobit exchanging site the value of the coin dropped and i lost almost half my investment and i immediately exchange the coin, after that the coin never recovered and now it have no value.
Click to expand...
The talk coin is of crypto talk and since they are a severe platform they have lost a lot of users in the meantime and then they have their coin value is dropping day after day.
 
saoussen5765 said:
The talk coin is of crypto talk and since they are a severe platform they have lost a lot of users in the meantime and then they have their coin value is dropping day after day.
Click to expand...
Yeah talk coin was developed by the owner of cryptotalk forum, and i think its only available on yobit exchanging platform, the forum used to pay with talk token and the saddest thing is i still have some talk coins left at my yobit exchanging wallets.
 
deucher said:
It is important for me that the token is in a proven time, because at the beginning there may be a lot of hype around it, and in a month it may crumble, so I trust only proven coins more
Click to expand...
It needs a long term to be listed on well known exchanges, may on beginning you trade on pancakeswap or uniswap but after period you find it on binance or kraken.
 
King Belieal said:
I can never mortgage my hard earned funds in the name of unknown or gem crypto coins. I stick to projects that have already have been proven overtime.
Click to expand...
Each person has his perspective of work. So a person tries new coins and another person does not take the risk.
 
Even though I have lost several times when investing in ICOs such as Tron and SHIB, I have also often benefited from ICOs, especially giving airdrops directly from wallets such as blockchain, coinbase, Coinpayment etc. Currently I am also mining TapSwap for free on my Telegram account.
 
You must log in or register to reply here.
15,893Threads
115,563Messages
351Members
Niyi BrLatest member
Top