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Literally why I don't invest in cryptos

Alek

By Alek
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Orlando Bloom Black Poster

Orlando Bloom

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1 minute ago, nvrsince said:

Sure that's one way to think of it and it's partly true, but checking even the most basic of things can minimize your risk, blindly investing in a coin which you have no idea what its about nor what their team is planning on doing can fuck you over hard. But that isn't to say what you're saying isn't true, I've had friends invest a couple of hundreds in a coin which they have no clue about and they've been lucky to come with profits.

Know few as well, also on "big updates" TRX, after last live of Justin Sun with upcoming shit, guess what? It crashed so badly my bungle whole turned into size of a raisin. 

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Alek Dragon Poster

Alek

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14 minutes ago, nvrsince said:

First of all why would you invest in ripple in the first place? it's screaming pump & dump... But investing in crypto is not all bad I've made A LOT of money investing in icos, I bought 800k etn at 0.1$ and it reached a ATH of 0.22$ and I'm not planning on cashing out anytime soon and I do expect the coin to hit 0.50$ in the coming months.

People are not doing their research and end up taking a massive risk and pretty much betting their money at this point, these same people get their information from youtube videos telling you what coins to invest in lol.

Hope you're not talking about why I personally invested into ripple, because I didn't per my topic title.

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Isolate Adamantite Poster

Isolate

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19 minutes ago, Orlando Bloom said:

Dude what kind of research are you talking about? There is legit no research to do but read a white paper, fold your hands together and pray. 

Just praying that Asians will get greenlights, once that is done, you have to be stupid not to invest. 

Telling you, all what happens right now is big boiis in gov seats are feeling missed out that they can't have their sweet piece of corruption. 

 

the type of person that makes me shudder whenever the word crypto blows on the breeze near me.

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nvrsince Black Poster

nvrsince

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22 minutes ago, CptRS said:

@nvrsince What kind of research are you talking about lol. Please enlighten me on some of this research you've conducted before purchasing crypto. 

Well some of the things I do before investing that have worked great for me is (I'm gonna butcher it down because I know you don't actually care you're just mad I called you a shitpoter);

1) check coinmarketcap, i'm mostly interested in the exchanges the coin is listen on as well as the max supply/circulating supply, is it minable? is it a token? ect.

2) check their website, find out who the team are, who are their advisor? and their experience in the sector.

3) what are they trying to achieve, who is it targeted at, does it have any real world use? are their goals being met? how much has it progressed? was the coin mass mined before release? was the ico sale money put to good use?

 

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