You need to do yourself a favor and spend a few hours doing some DD. But imagine the power of multiple networks, working together independently. Not reliant on each other but capable of leveraging each other's benefits... the cosmos isn't 1 chain but through IBC can work as such... LUNA crashed, but the IBC was rock solid... it didn't nuke the entire ecosystem, just Terra... it's hearty. ATOM itself is setting up to be the default security layer... so smaller projects can start up and utilize the ATOM validators... in return they pay the validators, which gets passed on to the stakers... Imagine a perpetual airdrop machine that just gives you tokens every day...
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That time I preemptively dropped some UST on anchor and then went on to mine the data to support my confirmation bias (Like one does, fuck DD), checked the Curve pool balance, checked emissions, checked circ. supply vs liquid supply, realized this shit wasn't ever gonna stand a bank run any time soon and swapped back to USDC the following day. A week later the LUNA fiasco happened. I didn't dodge a bullet, I dodged a shotgun blast point blank.
Look, there's a distinct difference between knowing TA, doing your fair share of DD, then charting out possibilities to assess risk, and joining a random ass telegram pump & dump group lol. There's scammers then there's traders, traders won't ever give you their set ups for free and if they claim to do they're probably not showing you the real indicators they're following. Would you ever give away your edge in the market? Of course not, or at least not for cheap. Scammers on the other hand will tell you whatever just to get paid. Technical analysis is something that's present in all and any professional trader's toolkit, so disregarding it while not knowing shit about fuck is kinda idiotic IMO, there's a reason these people get paid big time and the average user here doesn't, and properly using TA is probably part of the reason.
If LUNA had done a better, earlier job of getting onto my favorited exchanges, I might have gone for it. I never invested there or in anything closely tied, and so never did any real DD, but I had actually believed that they had cracked the algorithmic stablecoin thing. Really caught me off guard when they just imploded like that.
Similar story... I got to staking ATOM and some cosmos projects, a little LPing... compounding staking rewards and some patient buy ins have put me within striking distance of b/e and I'm making money every day... I'm not getting rich, but the $200/month in rewards I'm making is really pulling down my average... I'd really do some DD on it
>Tell me this, am I buying/trading a index token or am I actually getting the underlying tokens the index is based on? Think about it this way, you could read their [gitbook](https://docs.indexcoop.com/) yourself, and your DD would conclude the tokens are 100% collateralized by their underliying instead of reliying on some random-ass cryptobro like myself.
Yea im not really talking about privacy like monero, but more about data privacy like rose provides. Hiding information in smart contracts and providing encrypted data storage and computation. I wrote a DD post about it some time ago, u can find it on my profile if you care to take a look at it :)
Several clients of mine are wealth management advisors for high net worth individuals. They can regurgitate cliche terms from the Bloomberg Terminal, but they couldn't tell you what the difference is between an L1 chain, a token, an L0, or a DApp. You're not going to get good DD on a crypto project from your advisor.
Back buying! Been a while since I've bought aggressively, long time holder. Actually having my wealth management advisors running DD on anything new with crypto (last 2 years). I'm generally more than decent at good research, but if there's anything y'all think I should look into specifically or have any knowledge on things I might overlook (so much info / content / hype and fud to sift through) let me know, I'd really appreciate it.
I can’t give financial advice but I think you should follow and learn about the latest technology in blockchain, that is what will drive the future. There are so many new projects out there, some with technological advancements that no other blockchain can have. Make sure to always do your DD on any project and dive deep into the team, the community, partners, the roadmap, the consensus, and the tech that goes with it. Here is a project I have been following for over a year now. The tech behind it is game changer. I won’t post links but I would HIGHLY recommend looking into it. Mainnet launch is planned for November. It’s going to be the first zero gas L1 blockchain built on the Proof of Ethic consensus algorithm. Speeds are said to be over 6 million tps and anyone with a cell phone can run a node. Like I said take some time to review this project you won’t be disappointed. I won’t be posting any links just do a simple google search to find their website and link tree. Here is the information 👇 Project: HELO blockchain Created by: NuPay Technologies Developed by: PixelPlex
I was around when Bitcoin first came on the scene and was trading them for Diablo 2 online Eth gear back in the day. Trust me, bitcoin could have turned into any one of these scam coins today with the right (wrong) fingers controlling the strings. I certainly never saw it going anywhere and wish I held onto more than just the 2 I had long forgotten about. The thing with crypto is no matter how "good" ones intentions are when the project drops, it's easy to pick up and run, leaving potentially millions of people holding a bag for nothing. Hell, I have several THOUSAND dollars in scam tokens sitting in various wallets. I'd jump in pre-sales, do my DD and contact engineers and project leads and track wallets and even after hours and hours, still manage to get burned occasionally. It's because of that, that my methods have changed and I am kind of greedy in the way I attack, but I want to get in and out before liquidity faulters for one reason or another
My two cents and obviously not financial advice. 1. Avoid meme tokens and s**t coins, if you're just now hearing about them and they've already got big green candles on them, avoid at all cost. If you harken to catch one that you genuinely think could pump out you catch the IPO, throw an amount in that you're ok with losing off you hold too long. 2. Don't be a day trader. Pick projects that you've thoroughly researched and are comfortable with; those are the ones to go with. You won't see stupid gains overnight, but you won't see stupid losses either 3. Always remember that these are all speculative assets, nothing is guaranteed in Crypto. That's pretty much all you really need to know. As for recommendations, I am an ERGO bull so I will always personally recommend it but again, DYOR and DD.
I’m bullish on the name and the fact they bought that stadium. I feel there is still a play where it gets bought, or acquires another exchange and becomes the crypto platform. I didn’t do my DD and found out about the dumb card and locked sign on bonus, and terrible UI, and got in at like .7 or something. Waiting on above a dollar 🤞
Listen just because a project got shilled and hyped up doesn’t mean that is a bad project, it means that you are not that good at investing. Why would you invest in something that went up 2-3x in a month? Is clearly just the hype, if you really like the project and you did your DD, you know the project will be around for the long run, then just wait a few months before getting in. Nothing that goes up that much will stay around that price for long is unsustainable. Just time your entries better.
Kevin O leary is a sellout tbh, and he didn’t need to sell out so I would avoid him. Definitely not Bitboy either. Max Maher is alright. Crypto Mason gets hate here but I found out about projects earlier because of him. All I really need from an influencer is to tell me about a project I may have overlooked so I can do my own DD
got caught up in FOMO, the DD's, posts, hype, made it seem like BBBY was going to be another GME. the token burn for LUNC is a major catalyst, have other coins switched over to a token burn system like what LUNC has implemented, seems like this will create a lot of hype
This is obviously a government insider trying to steal my meme coins. HODL! Just kidding. I believe you are correct. It’s so hard to cut losses on projects that you have not only financially believed in, but also emotionally had a stake in as well. I do believe that this is a healthy part of a still young market. As more projects get weeded out the market will become stronger and the general public will start to come around on the idea of crypto being a legitimate investment. Long story short: DD and patience my friend.
DD for crypto is a sad affair. I still haven’t found a minor coin (majors are BTC and ETH, nothing else) that passed even my initial screening. Some are just absurd (I actually started laughing when first reading about the mechanism between LUNA and UST, long before it collapsed, and SafeMoon is just comical), some appear nice at first glance but there’s always something shady about it, or they simply have no use whatsoever. Something seems always wrong.
I'm trying not to be too obvious about it 😂 Sure, if you have the time do a proper DD and not just a gloss over. That way, it is YOUR decision and the knowledge you gain will also be useful for you in your crypto journey :-)
Same, there is only my husband and son I can talk to about crypto and anything they know, they learn from me. I've created my own echo chamber irl and it's lonely. At least here, there is debate, tl:DD and dyor. My favorite is the common "trust me bro".
Again, I made no mistake back then. Everything was fine at the time I bought. Everyone and hus morher was expecting a price range between 100k and 1M. Every DD. Also Michael Saylor. So tell me, which mistake I should avoid in the future? Not having a chrystal ball?
i mean you might be right but if you actually pay attention to him for the past year he owns crypto the guy knows a lot about smart contracts, blockchain, and the difference between layer 1 coins and layer 2 coins he has done his DD on crypto.