agree with your opinion but only quality projects with a long time stay alive, as I experienced I have tried it several times but the project dies not even reach 1 year, that's why if I get enough profit I will immediately sell it and when you lose 25% also immediately sell it
That's another kind of strategy and if you see it works with your investment better to keep it or try to enhance more, you can try to play with the target both buy and sell position. It's more about how you see the future of your asset and the time frame that you think it will rise up. There's long and short position and that kind of decision must be according to how you fully understand the market.
i never thought about investing in gambling tokens all this time. because investing in gambling tokens for the long term has a very high risk compared to other coins that already have a good track record for the long term. and there are some tokens from gambling as well that used to exist and are now gone from the market and have no price anymore.
many also think that investing in gambling tokens can make you rich in the future assuming that as long as the gambling project is still standing, the tokens will pump in bearish times in the coming year. but such an assumption to me is not true
Investing in cryptocurrencies, even in ETH or BTC, carries a high risk, and investing in some tokens is much more risky. Gambling tokens for investment look just like any other token with an idea - you can make huge profits, but only with the right token at the right time. And I can't say that we are talking about investments - in the long run, the price basically swings and drops and no one knows what result can be obtained in 1/2/5 years, it depends on the market as well as on the project.
Correct! everything carries the load of risking your money, it's not easy but it's doable when you know what project to invest, same deal with casino tokens you are also risking your money in trusting the future of their token, most of the time investors rely with how the developers delivers progress and how they met each time frame from their projected development.