Post
Topic
Board Altcoin Discussion
Re: Is it risky to invest in new crytpo coin/tokens?
by
Chuky92
on 23/07/2020, 23:39:19 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?

Yes, it is very risky to Invest in new altcoins.
When one want to invest in new cryptocurrencies, he must be aware of the risks involved with them, listing and pumping in the early days of the project is a normal thing but what comes after is what determines the level of seriousness the team has. However, I also agree that it is most times a good investment within a certain time but this certian time is mostly during the early days of listing, could be within a day or two and that's it; but yet, nothing is certain unless the team have shown a high level of activeness right from the first day. In conclusion, new coins/tokens comes with big risks and if one want to invest for quick profit, then let it be within the early days of listing.