Quote from: Tipstar on April 23, 2024, 03:22:16 PM

Quote from: Y3shot on January 14, 2024, 07:37:25 AM

Some investors are ready to invest on any project they come across just because they really want to make profit and some of this projects are considered to be a scam project which people invest reasonable amount of money. It is very painful when money is invested in this project and they end up becoming a failed one. I think good reasoning before investing will really help investors from losing much money about projects they do not know about much. Investors needs to ask themselves before investing "what if I lose my money investing it in this project? I think this question can help people to invest with the amount they can afford to lose or not to invest at all on project very not sure about.

Investing without any reasoning can just make one to invest without considering the risk and the probability of making lose or making gain from the investment.

When it's about large sum of money you should do extensive research. I've in past experienced loss when my research were superficial. Sometimes the project seem too promising but turned out a cheap copy of something else that don't have the capacity of developing the network as promised and sometimes I bought a good coin but at wrong time. i.e. when it was at its peak. So, by research, you need to have a detailed look about what the progress had been made, how are the price changes from start. Even coinmarketcap chart can be confusing as they make it after they list it while the coin might have been trading for a while.

It's true that being fooled is easy, because teams are working super hard to make sure they can fool people, so even if they are terrible, they have ways to just hide that and try to make sure that they are hiding it well enough, I believe that has to be the most important part. I am not saying that we are making a mistake by investing into anything, of course there are good ones as well, but teams will try to fool you into thinking that they are the good ones when they are not, that's their entire operation.

Some will fail and will not convince you and you will feel good about yourself when you figure that out, but some will try their very best and fool you, which means that you can't really know for sure. That's why we need to research very well before we invest.