Post
Topic
Board Altcoin Discussion
Re: Is it risky to invest in new crytpo coin/tokens???
by
princesspoppy
on 11/07/2020, 15:29:13 UTC
Many of us were well known the Coinmarketcap from where we receive all cryptocurrency like coins and tokens details like on which exchange they listed, what is the 24-hour treading volume, or which platform they based on, etc. These days many new crypto coins and tokens was introducing and listing on many exchanges and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency was makes a good pump in their stating days and after they dump in a very dramatic way. This cause a big loss to the investors and the trust in these types to new coins and tokens was finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
Investing is very risky, no matter what coin/token you are investing to. But for me, investing in new coins/tokens is a lot riskier than those with their names in the market so long and have somehow already built trust and reliability in the market (even with the unstable market condition). So if you're planning to invest in new coins/tokens, you better have second thoughts or make thorough research about that coin.