Post
Topic
Board Altcoin Discussion
Re: Is it risky to invest in new crytpo coin/tokens?
by
adzino
on 24/07/2020, 19:42:35 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?
Trading any kind of crypto currencies are risky. If anyone says that there is no risk involved when investing in this "XYZ" token/coin, then he is probably just lying or is being ignorant or just shilling for those coin. Though, coins that are well established have less risk than those that are new or "not so popular".
Just using data from coinmarketcap to invest is a bad idea. Information like 24 hours trade value can easily be manipulated!