Post
Topic
Board Altcoin Discussion
Re: Don't invest for quick gains only
by
seleme
on 06/09/2020, 19:22:33 UTC
Just like the way most of us want to invest and cash out immediately lol. But then, if we you are in a big project and you see a glaring future about it, it's good to invest and let it grow, not only short and quick investment only.

Few coins are cool for very long term investment, I agree with you. But there is nothing wrong with making quick gains on some trade setups, speaking from the angle of a price action trader. Sometimes I see highly profitable setups with good R:R ratio and swing trade them for short term purpose. This doesn't mean I don't keep some coins for very long term.
Doesn't wrong but has a lot of risks. If you know that the recent exit scam, Sushi coin has a huge number of traders invest for the short term because of what you said. Many scam coins come to operate their scam by doing pump as high but must believable as they can, in a good reputation exchange then hola, guys like you drop into their scam in a heartbeat.
Hidden investors can invest and pump a specific altcoin for such purposes and the dump part of the story makes the well-known ernding. Sticking to the original investing plan can change things drastically, many investors will not even mind to take another bet if not proven otherwise. The exit scams are not planned poorly, there is a shady scamming activities behind all these porjects.