Post
Topic
Board Altcoin Discussion
Re: We should not buy outdated and overvalued coins
by
serjent05
on 17/02/2021, 16:44:36 UTC


Dogecoin only pumped because of Elon Musk's tweet. No other reasons than that.

And was dumped because of Elon Musk's tweet. This shows Dogecoin is just a pump and dump scheme coin.


From OP's post, I still prefer Cardano to be a good investment. I've known it for long and they keep up to date with their roadmap. Some of those new innovative coins are still overhyped to me so I don't plan to buy them yet until a massive correction happens. A coin that increased more than 50% in less than a month is likely to dump soon.

Definitely, I agree! FOMO-ing is a bad thing because it often leads investors to bankruptcy or bag holding worthless tokens/coins.  Always look for an opportunity to buy at a discount.  Cardano brings innovation to the table, so I guess it is also one of those few that will have an impact in the cryptocurrency industry when the time comes.