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Topic
Board Marketplace
Re: Is it risky to invest in new crypto coins/tokens
by
arwin100
on 09/03/2023, 22:20:29 UTC
New coin/token are at their infant stage so it won't be nice or advisable to pump your resources into it but if you are to invest, it should be for a short time with a bit of due diligence of how solid the project you want to invest in is.

Those new project tokens are just good for short term because they are hyped because of new things to them especially on new exchange listing. But once the investor secure their profits already and pull out their imvestment then maybe those new tokens will dump or even worse they might get a hard time to pump again.

To avoid getting trapped with them is to sell when they are new and hype because if we became to greedy for sure we lose our money for that because the dump will possibly follow after those pumps happen to it.