Post
Topic
Board Altcoin Discussion
Re: People with quick rich attitude always mess up with alt coins
by
JeffBrad12
on 22/07/2023, 23:37:12 UTC
It’s good that you are cautious and advising others to be cautious as well. It’s important to understand the reason behind prices moving up and analyze the benefits and demerits of the project before investing.
Well, if it rises due to some hypes and manipulations, you'll gonna be staying away from that project because the next thing that will happen is an abrupt dump. But if it rises because it really has the potential and has a use case, that something will tell us that the future of this project is bright. However, when talking about new projects, we really have to take extra caution because the majority are scams. Many projects have only had a good start but in the later part, it dump slowly until it was gone totally.
well thats the thing with new project, nothing much difference if compared to the new startups.
the thing is that definitely not all of them could always survive majority of them will just outright dump and lose their value.
when it comes to the new project I think the project that has some partnership with the other large institutional even reputed exchanges like coinbase which we know always list very few select token or coins.
are gonna be that massive of helps, it will definitely helps a lot in keeping the project from dumping to oblivions.