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!
Any advice on this would be awesome!
The ATR(Average True Range) of this small caps coin is very high considering that the price varies as you mention. It's better to avoid that kind of coin because its volume is and you will just gonna trap on shitcoin whenever the coin got delist or the orderbook become empty.
Better to look on small cap coin with 500K above trading volume on a legit exchange. Question, How do you find that shitcoin out of thousands of coin available in the market?
