Post
Topic
Board Altcoin Discussion
Re: Is it risky to invest in new crytpo coin/tokens?
by
JoMarrah Iarim Dan
on 25/07/2020, 04:32:19 UTC
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?

Even though it is an old or new coin, it is still risky. I have invested to bitcoin last 2017. Yes it is an old famous coin right ?  But beleive me I lose. It almost reached $20K but look at btc now, it is below the half of $20k so yes I will say that the lose of invest that time is not yet recover
you lose momentum. You invest when bitcoin grows strongly. of course, it will bring you to a loss. but like your deed, new coins also carry the same risk. they have a fast trading volume. it's very easy to change and can trap you in investment or trade when their markets run out.

Yes I lose the momentum. I was very attracted that time. Year 2017 was my first year in cryptocurrency. I know nothing much as a beginner. That time I thought bitcoin will reach $20k so I am waiting for it but I was wrong. I learned from that mistake of mine. I really regret it. Now that bitcoin price is still low, I am trying to earn, and hold bitcoin as much as I can until the price goes up again.