Post
Topic
Board Altcoin Discussion
Re: Is it risky to invest in new crytpo coin/tokens???
by
Koro-Sensei
on 19/08/2021, 08:55:28 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?
The risk will always be there even at the top 10 coins. I somehow have read good posts here to avoid scam projects and rug pull coins. First is do your own research before entering an investment. This is where most of the investor specially the newbies lacks of. They invest as fast as when the coin pump without knowing its worth in the future. This is where they lose their money and now they rant "when pump?" to every official telegrams. The next thing is INVEST WHAT YOU CAN AFFORD TO LOSE. Invest your money that you can live without. There are many tokens/coins which is quite good but hidden. Just do your research.