Post
Topic
Board Beginners & Help
Re: How do you find out to invest or not in a coin?
by
sheenshane
on 16/01/2022, 23:55:06 UTC
Like the title says, how would you decide to invest in a coin or not especially a new one with a low cap marketcap.
I think that this is the answer.
I will not invest in a new coin with a low market cap because it is too risky. It is like betting where we may get very high profits by the pumped price. But on the other hand, we may lose more because of the dump price. That is how commonly new coins with low caps work, the pump and dump cycle.
It's quite risky to invest because a low cap is also prone to the pump and dump which is we commonly witnessed from a pump and dump group.
For sure the safest for now to invest is in Bitcoin because even top altcoins follow the price of Bitcoin.

If it is about a new coin with a low cap, I will not expect too much for a long-term investment.
If you invested in a low cap altcoin, it seems you gamble your money and that's not for a long-term investment.
But if you're willing to risk an amount that you can afford, there are new coins that is worth it too but you need to have a deeper research first.