Post
Topic
Board Trading Discussion
Re: New and emerging Cryptocurrencies?
by
TheUltraElite
on 23/02/2022, 15:15:27 UTC
Does anyone know how to monitor new and emerging cryptocurrencies?
I hear about these floats of new cryptocurrencies but have not idea how to know when they're coming. 
It is not that necessary if you ask me. A code being open source it would generate a lot of fake copies from many unscrupulous developers eventually launching a new token or coin and then promoting it on the basis on some buzzword in order to generate a fake market demand and scam the investors putting in money on those coins.

So if you look closely, you will be bombarded with new and "emerging" crypto. You can make money off them if you are joining them early and selling before the price drops, but this is a rat-race and not worth getting into. Because if you are experienced on how to be a bag-holder and then pump your bags of shitcoin, you will not be able to profit off this.

A way better method is to stick to "old is gold" and that is bitcoin. Although bitcoin is still in its baby days IMO.