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!
From What exchange this was Listed? if in legit exchange then try to risk because the bigger that chance of being legitimate.
But if this was in Shit exchange then better not to Put even a single cent because this is only luring investors and when you turns to them ,then your funds will be freeze and won't get it back again.
This is almost the same in What we called in real life as "Fly By Night Company" in which once there comes a victim then their gone.