Quote from: bittick on July 11, 2023, 11:00:24 PM

Quote from: Natalim on July 11, 2023, 09:32:11 PM

Quote from: terencio on July 11, 2023, 04:09:22 PM

It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.

Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.

most that have the purpose of investing in altcoin solely for speculation will disregard this advice, because the thing that they are seeking is the thing that you mentioned to be the disadvantage.
quite funnily enough thats the very reason many are just having massive loss.

Many investors are not cautious in choosing the altcoins to invest in. Because what they look for is an altcoin that can give give them insane return (like x1000) in a short period of time. The reason why they prefer to join the ride of the hype coins to not missed the opportunity. But this is the mistake of the investors who only look for what's the current hype and not on its use case. Sometimes you'll only understand and believe the suggestions of others if you already experience to lose your capital due to wrong decision.