Quote from: ancafe on Today at 08:35:40 AM

Quote from: MiF on September 03, 2022, 10:44:43 PM

Quote from: MrDave on August 01, 2022, 06:48:43 AM

As we all are seeing the launching of new projects one after one. So, one should take care of many things before investing. How to know the real potential of these new projects?

It is hard to know a potential project this time, there is a lot of new projects that turns into a rug pull and fall into very cheap at price that can end you up loosing a lot of capital. One example of that is the citizen finance/ cifi project from the price that reach 200$ above now is 0.04$ imagine that loss if you invest during its hype that reach 200$ per token, the crypto is not always about gaining its about how you understand and extend your patience proper analysis and controlling emotion is needed.

that's why we need to do research gradually and continuously, so that we know when the potential of a coin we can say will be good, and when the potential will decrease. CIFI is a vivid example of that. however, it is very difficult to know whether a project has potential or not unless they may be able to withstand any highly volatile market movement. some projects sometimes come up with fantastic prices, but they don't last long, or sometimes they seem to have great potential, but sometimes they produce too many coins with project functionality that is not really needed so that their projects fall by themselves.

It is true that we should never stop doing research and analysis on a regular basis, it will help us find potential coins for investment. Moreover,
the number of coins circulating is increasing, if we are not careful and do research regularly, then we can choose the wrong projects for investment.
Even the top 10 coins often change, I remember Dogecoin and Litecoin were in the top 10, but now the two coins are not included in the top 10
coins anymore. So to survive in the crypto world we have to invest in coins that we know, so we can make decisions when to buy, hold and sell it.
That is the importance of conducting research and analysis on a regular basis, so that we know developments in the crypto world, so we will not
choose the wrong projects for investment.