According to observations of my colleagues and me, the high percentage of cryptocurrency traders invests in projects that have no working products. If you spend your Bitcoins in a token or coin that solves nothing, creates nothing and ensures nothing, you will most likely lose money if you can't sell that token/coin profitably in the short term.
So, how can you avoid such losses? We prepared two solutions with the reasons for you.
Solution 1: Sell useless tokens even with a low-profit-margin. Don't ever hold them for the long term.
Why?
The problem is that value of a useless project tokens may increase and deceive other amateur cryptocurrency traders to invest. Combination of social media hype and fear of missing out will result in overbought, bubble-like tokens/coins. Eventually, the value of the currency will undergo a significant correction and fluctuate highly. Because of the social media hype and fear of missing out, lots of weak hands that joined in the process will begin to sell and let the price go bottom when they exposed to fear, uncertainty, and doubt.
Solution 2: Buy tokens/coins of the projects that have proven products and low market cap.
Why?
Projects that solve real-life issues and serves a real purpose will eventually have their real value and attention. You will invest in a working product instead of the whitepaper that full of sketchy and fancy words to attract investors. If you don't get on the train from the top, you won't lose any dime.
Thank you for consuming our words, may the blockchain be with you!
Coinsity Twitter: https://twitter.com/coinsity
Coinsity Telegram: https://t.me/coinsity
Nice tips
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Generic comments could be mistaken for spam.
Tips to avoid being flagged
Thank You! ⚜
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said the spaminator lol
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@spaminator is a project to get rid of spam, it's not an account to use for spam :P
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süper
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Slow and steady will win the race in the crypto market! Thanks for the post!!
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Yup and if you invest in a proven product that you would like to use yourself and it doesn't "go to the moon" in price, then you can still get the benefit of using the product!
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Do not buy anything until you do your research on what you want to buy or invest in for long-term holds.. if you are just a day trader then the only thing that matters is if the price is low and it will go back up so you can sell at a profit, start small and do not put all your eggs in one basket , buy a number of different coins and tokens, and do not spend more then you can afford to loose...
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It has more to do with fighting false information. People who buy coins based only on news are gonna get what they deserve for not doing due diligence. But regardless, such large scale misinformation campaigns should be exposed.
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you right always but besides false news people not thinking about consequences when spending their money
most of the time people say invest only what you willing to lose
this is not right in that case you already programming your mind for loosing
and we all want to win when investing!!
so I say "invest only the money that will not have an effect on your daily life"
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I think investing in crypto currencies will result in mental tension only. yu should work hard and earn by working
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Makes sense. Need to start seeing real use cases for cryptos you are investing in, if you are really "investing" and not doing short term trading
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Holy crap batman. There are a lot of bots voting on this post.
I have bookmarked, to know where all the good bots are at these days
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You got a 25.19% upvote and resteem from @singing.beauty courtesy of @coinsity. Thank you for using the @singing.beauty UPVOTE and RESTEEM bot.
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Hey @coinsity , great post! GOOD
I enjoy your content Keep up the good work! It's always nice to see nice content on Steemit! :)
https://steemit.com/travel/@boyhaqi97/yuk-join-open-trip-pulau-breuh-pulo-aceh
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You just received a 9.20% upvote from @honestbot, courtesy of @coinsity!
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You got a 10.27% upvote and resteem from @estream.studios courtesy of @coinsity. Thank you for using the @estream.studios UPVOTE and RESTEEM bot.
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You got a 47.85% upvote from @sleeplesswhale courtesy of @coinsity!
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You got a 3.42% upvote from @whalebuilder courtesy of @coinsity. Join @whalebuilder family at our Discord Channel. Don't let your precious stake(SP) go stale...Make it do more so you have to do less. Deligate it to @whalebuilder by clicking on one of the ready to delegate links: 50SP | 100SP | 250SP | 500SP | 1000SP | 5000SP | custom amount.
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You got a 10.64% upvote as a Recovery Shot from @isotonic, currently working as a funding tool, courtesy of @coinsity!
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Earnings obtained by this bot, after paying to the delegators, are fully used to increase the SP of the @runningproject from which all affiliated members are benefited.
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You got a 3.57% upvote from @passive courtesy of @coinsity!
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Great post! You just got a 8.77% upvote from @edensgarden!
Thanks for tasting the eden!
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You got a 0.91% upvote from @allaz courtesy of @coinsity!
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This post has received a 3.03 % upvote from @voterunner thanks to: @coinsity. BIG NEWS: Build your passive income with daily payouts from @voterunner! Read more about earning SBD with me. Daily. The easy way!
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You got a 1.84% upvote from @getboost courtesy of @coinsity!
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You got a 2.32% upvote from @nado.bot courtesy of @coinsity!
Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.
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Wow greate article!
You just got a 7.41% upvote from @postdoctor!
Thanks for using the @postdoctor service!
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You got a 14.29% upvote from @hotbot courtesy of @coinsity!
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You got a 11.18% upvote and resteem from @ebargains courtesy of @coinsity. Thank you for using the @ebargains UPVOTE and RESTEEM bot.
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This post has received a 19.14 % upvote from @boomerang.
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You got a 10.93% upvote from @brupvoter courtesy of @coinsity!
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You got a 1.42% upvote from @mercurybot courtesy of @coinsity!
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You got a 5.38% upvote from @mitsuko courtesy of @coinsity!
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This post has received a 2.86% upvote from @lovejuice thanks to @coinsity. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
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You got a 2.94% upvote from @luckyvotes courtesy of @coinsity!
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You got a 1.43% upvote from @postpromoter courtesy of @coinsity!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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You got a 5.33% upvote from @buildawhale courtesy of @coinsity!
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2.44% @pushup from @coinsity
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You got a 4.14% upvote from @ipromote courtesy of @coinsity!
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You got a 7.15% upvote from @adriatik courtesy of @coinsity!
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@minnowfairy has sprinkled your post with a 6.31% upvote.
Follow @minnowfairy and support our initiatives to advocate passionate Steemians delivering good, quality content to the community.
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yaklaşık 3 ay oldu bu piyasaya gireli. son 2 haftadır bu yazdığınız gibi davranıyorum kısa al satlar ile aza tahammül edip bir kısmını da ciddi projelere yatırmaktayım. yazınız güzel olmuş sizi takipteyim . Takip ederseniz sevinirim. iyi çalışmalar
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You got a 25.26% upvote from @slimwhale courtesy of @coinsity!
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This post has received a 5.75% upvote from @msp-bidbot thanks to: @coinsity. Delegate SP to this public bot and get paid daily: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP Don't delegate so much that you have less than 50SP left on your account.
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This post has received a 3.77% upvote from @aksdwi thanks to: @coinsity.
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You got a 2.12% upvote from @upmewhale courtesy of @coinsity! Earn 90% daily earning payout by delegating SP to @upmewhale.
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Sneaky Ninja Attack! You have been defended with a 1.68% vote... I was summoned by @coinsity! I have done their bidding and now I will vanish...Whoosh
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You got a 4.52% upvote from @upboater courtesy of @coinsity!
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Release the Kraken! You got a 50.63% upvote from @seakraken courtesy of @coinsity!
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You got a 1.82% upvote from @bid4joy courtesy of @coinsity!
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You got a 9.14% upvote from @redlambo courtesy of @coinsity! Make sure to use tag #redlambo to be considered for the curation post!
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You got a 18.35% upvote from @bearwards courtesy of @coinsity!
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You got a 33.33% upvote from @bluebot courtesy of @coinsity!
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Spot on . I totally accept this .
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You got a 6.25% upvote from @inciter courtesy of @coinsity!
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Proven product is important for gaining long run and low market cap help to increase the value of a coin suddenly. Yeah you are right.
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This post has received a 7.07% UpGoat from @shares. Send at least 0.1 SBD to @shares with a post link in the memo field.
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As the market develops, those coins with little real-life application/working product will be re-valued accordingly. We are still in the early phase of adoption, thus the market is struggling to value coins. I have no doubts overtime we will see coins with real-life application and working products valued accordingly.
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Help me to be like you
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Voting
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This post has received a 6.14 % upvote from @moneymatchgaming thanks to: @coinsity. Upvote this Post to Support the MMG Community on Steemit! :)
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Great advice here! I just recently sold a few positions, when I asked my self: "Why the heck am I holding these coins?!" hahaha
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Price is not only what you pay with money.
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Buy Nem! It has just had a massive correction and will be used as the platform for Venezuela's PTR (Petro cryptocurrency).
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True my friend I totally agree
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Congratulations @coinsity, this post is the tenth most rewarded post (based on pending payouts) in the last 12 hours written by a Superuser account holder (accounts that hold between 1 and 10 Mega Vests). The total number of posts by Superuser account holders during this period was 1347 and the total pending payments to posts in this category was $10540.08. To see the full list of highest paid posts across all accounts categories, click here.
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Congratulations @coinsity!
Your post was mentioned in the Steemit Hit Parade for newcomers in the following category:
I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on Steemit, feel free to vote for my witness! You can do it here or use SteemConnect
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Price and value depend on product, choice & money.
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Good story
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You got a 52.63% upvote from @sunrawhale courtesy of @coinsity!
This service has been created with the help of @yabapmatt so please show your support by voting for him for witness!
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FYI, Robinhood may be the future for trading crypto for free. Register via: https://share.robinhood.com/tunaida to get a free randomized stock as well.
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This post has received gratitude of 1.91% from @appreciator courtesy of @coinsity!
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Very nice post...Support you!
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This is really a great advice to remain profitable in crypto world. keep it up @coinsity
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I hope you can give more example of the token name to be avoid to hold and not a profitable one for a long term investment...Thanks for the tips
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nice post.
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Nobody knows how the market for crypto is going to move. It is very difficult to predict which coin has a good future. Where to invest, when to decide,how to make a profit??? These are the questions to keep in mind.
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Hello friend. I am new here, and would like to know if it paid of for you to promote, and how you promoted your post. thanks so much.... Russ
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Vote me
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Good advice really, if you dont see the potential get rid of it!
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investment wisely in that crypto which having good value and price both
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nice tip, this comes in handy, especially now that the entire market is dipping, It is most times very frustrating.
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great advice will definitely look into your proposed solutions .If anyone can explain why a low market cap that would be really appreciated :)
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i agree with you, i mean that the priece is very easy to be influenced by media and fear of not losing very much, and i think media can influence the price very day with at least 10% and at a currency as bitcoin this can bury you..
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You got a 4.31% upvote from @steembidbot courtesy of @coinsity!
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This post has received a 22.41% upvote from
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Very true.
Sounds like Steem to me!!! :-)
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Thanks very much for the advice, great tips...
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You are perfect I do agree with you.
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Please follow and upvote mehttps://steemit.com/tr/@alisari/refya-gizemli-kitapcik-5
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