Post
Topic
Board Altcoin Discussion
Re: Danger awaits Metaverse coins
by
pawanjain
on 08/04/2022, 14:45:15 UTC
In the crypto world, new trends always emerge, therefore NFT or Metaverse coins will one day be replaced with something new. It's the same thing
when ICOs, IEOs and DeFi were finally abandoned by investors who started turning to NFT and Metaverse. In this world nothing lasts forever,
as is the current trend, so take advantage of projects that are currently hype for short-term profit. Don't even think about long-term investments
in projects that only rely on hype to get them up. So there is nothing wrong with investing in Metaverse coins now, it will give us profit if
we understand how the crypto world works. So we know when to buy and sell Metaverse coins, which is definitely too risky if investing in
Metaverse coins in the long term.

If you know what you're doing, you can very well invest on meta projects. But yes, you should know to what extent you will hold these tokens or coins. As new hype is always at bay, you should also bear in mind that once the hype is over, their value can very well decline fast. So holding long-term in this market is hard to do as when new hype comes, the old one got ignored most of the time.

But then again that does not mean that there's nothing in crypto that can benefit us in the long term.
In fact we just keep HODLing to our potential coins for a long term then that will give us enough profits that we would accumulate by investing in these hypes.
The best thing is to do both actually. While we are holding our coins for a long term, grab a small amount of money and pick some hyped projects and invest for short term to make some substantial gains and exit.