Post
Topic
Board Altcoin Discussion
Re: Is it risky to invest in new crytpo coin/tokens???
by
kingzpro
on 18/02/2021, 20:19:10 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?
If you are investing after complete due diligence and also consulting with an expert or advisor then most probably you will be safe but if you are just investing randomly or liking an aspect of the project that could turn out bad because even if the project is not scam it can easily fail or go down for many other reasons.