Post
Topic
Board Speculation (Altcoins)
Re: Is it risky to invest in new crypto coins/tokens
by
Wiwo
on 21/04/2023, 20:53:59 UTC
These days many new crypto coins and tokens are being introduced  and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency makes a good pump in their starting days and after on, they dump in a very dramatic way. This cause a very big loss to the investors and the trust in these types to new coins and tokens are finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?

The first thing you must settle within yourself is that, altcoin investment is a gamble and you should expect anything to happen,  and if you expect too much from any project you'd get the worst surprise of your life. When the opposite happens, in as much as you hope for gains you should know that there is a high possibility that your investment could crumble to zero within seconds.

This has been the reality with altcoin investment,  and as it stands most of the new coins are just hype without any track record or clear road map or ecosystem that will sustain their liquidity for future volume sustainability of its price, and this has not been the reality with most recent projects. So you have to be sceptical about altcoin investment, especially new coins.