Hey, I just started looking into all this and slowly figuring it out. About a week ago, I stumbled on a shitcoin that is literally bouncing back and forth from 0.0000007 to 0.001. I want to drop a little money into it, but definitely seems to good to be true. The coin is called Netkoin and it's been going up and down dramatically for weeks. I know there's gotta be some kind of risk, but can't figure out what it is and wondering if I should just go for it?
Any advice on this would be awesome!
If you see it happen to the other coin, you need to wait for a while because that is a pump. That will always come to many coins. After that, the dump will come and the coin price will go down drastically to the lowest price. You do not need to enter the market because that will be too risky and you can lose your money because that can be a trap for traders who are still trying to enter the market. You better search for the other coin, which still at a low price, but always analyze before doing something.