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Showing 4 of 4 results by camtranu2nh8
I completely agree with the author regarding the current market situation. It's hard not to feel disappointed seeing the market struggling to recover from an extended bearish period. I've also noticed a decline in the interest of new investors. Hopefully, we can witness growth in the near future
I'm not convinced that BAKAC Coin's popularity in certain countries guarantees its success. Regulations and cultural factors could still hinder its growth and adoption.
Re: People with quick rich attitude always mess up with alt coins
I have mentioned multiple times in past here that people should be cautious with alt coins. If some coin has moved up like 100% or more in just 24 hours, it does not mean that you should also purchase the coin. You should first understand the reason behind prices moving up. Then, you should also analyze the benefits and demerits of the project.
One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.
While I understand the need for caution, I believe some altcoins can still present good investment opportunities even after significant price gains. If the project has a strong use case, a dedicated community, and ongoing developments, it might be worth considering investing, albeit after thorough research One such option has come again in safemoon. The coin has pumped more than 100% when they reduced fees from 10% to 1%. Now new investors are rushing to invest in this coin. This is the situation when the past investors in the coin are like in 99% loss of their invested value. But greed make people loose all senses I think. If you are still thinking to invest in safemoon now, think twice.
