Post
Topic
Board Trading Discussion
Re: Im in cryptocurrency 6 months only but i will not risk like other newbies
by
SamReomo
on 16/06/2024, 09:32:14 UTC
What you guys think about this ? I mean Im new so i might be wrong
Although, you're new or you're pretending to be new but whatever you said or did was right. Trading main altcoins and Bitcoin is less risky than trading new coins as those can be unlisted from platforms anytime and you may end up losing your capital.

Those who trade altcoins understand that the altcoins are much riskier than Bitcoin but the volatility in price they offer is much higher than Bitcoin, and when it comes to meme coins especially the ones that are getting deployed on Solana and Ethereum blockchain can be super highly volatile.

I have personally seen new coins getting 10x value within a day but the risk of trading those coins is high because they have low liquidity and most of the times those are just rug pulls and nothing else.