New crypto investors are blindly investing in new projects that they haven't do thorough research on, after the lose money they start categorizing all altcoins as scam, the truth is we have many scam projects and if you don't do good research you will surely fall victim
That's right, new investors often assess that altcoin projects are all the same when they have been victims of project fraud, even though there are also altcoin projects that are worthy of being followed, and whether or not a project is worthy of being followed will be known to us through good research.
investors who lose 100% of the money they invest in the project and eventually the project dies, I know your feelings, but you do not die step, if you want to succeed then through it has become a normal thing, it will make valuable lessons in your life for better
In the start of my career in crypto I also lost all of my money in a project which was not a high amount but was my whole collection of my career but I not lost heart and continued to work on other places and started marketing to earn money for my family and for my future. I now am earning good for my family members. I now think that if I lost heart at that time and never saw back to crypto then I would not be able to earn like today. But thanks God that I remain confident and continued my work with crypto.
It is really good to hear because there are actually lots of people who only want fast money, what I was saying is that if they are losing money they are stopping and saying that it is really a scam without knowing the nature of cryptocurrency which is its volatility when it comes to price maybe he invested such money into some not good projects without knowing its important information also the feedbacks of every other investor. The only thing you need aside from patience is the knowledge so that the probability of losing money is low.
The question is why do some people generalize all Altcoins as bad? considering there are over 3000 of them out there. One would not have the time to go through each project one by one. to analyze the project. team etc everything behind each crypto project.
There has to be some project out there under good intentions. Not all projects could be a scam. I admit I only have a top 4 i consider when it comes to best coins. But yet many should be decent at least honest projects out there. Afterall we do need more projects. more quality projects out there in order for crypto to succeed.
your thoughts
we must have consideration for everything we do so that nothing bad happens to ourselves. because there are many out there fraud through cryptocurency then we need consideration so that we are not deceived by scammers. although out there also has a quality project but consideration will always be needed in making a decision in cryptocurency.
Losing money is maybe normal in here because you are really risking your money. Investing is not really easy to do because before you can earn what you want, you really need to study every information that the project you chose have so that you can notice if you are really earn when you invest to that, considering the platform and the ranking in the market maybe, also the price and volume of that.