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!
The truth is that you have figured out for yourself what you are getting into; shitcoins are terms used for tokens that literally exists only for pump and dump scheme; the risks are high and such trades does not obey or follow fundamentals or technical analysis. Do your own research and make your trading decision.
Personally, i will suggest that you do not get involved with pump and dump schemes and instead find an altcoin to invest or trade on for profits.