Post
Topic
Board Trading Discussion
Re: What can we do to minimise the risk in trading
by
Latviand
on 22/04/2020, 06:15:14 UTC
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3. Don't invest in dump coins
What exactly do you mean by "dump coins"? Are you talking about shit coins?

If so, how do you define them? I think this is subjective that's why I'm asking.

Others might also think that you are referring to coins that has been recently dumped hard. I'm not sure we should be telling new traders to stay away from them not knowing the reason it was dumped.

I think he just want to warn us not to use those shitcoins or dump coins that is not that effective enough to become an alternative coin to bitcoin. It doesn't mean that when we say shitcoin, it is the altcoin, no. shitcoins are coins that have no improvement in price and really hard to manipulate in the market as its volatility is very slow as well as the growth in price. That's the reason why instead of investing in a bitcoin, there are people who waste their time and opportunity holding a dump coins. Most people I know who used a dump coins are really regretting the time that they should invest their money in bitcoin that is more essential than other coins. It is too obvious that you should not prioritize other coins as it is just an altcoin alternative for the bitcoin.