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Showing 3 of 3 results by yanheaynth8
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.
I completely agree with the cautionary approach towards altcoins, especially those that experience rapid price movements. Understanding the reasons behind the price surge and analyzing the project's fundamentals are essential steps before investing. It's vital for investors to be patient and avoid making impulsive decisions driven by fomo 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.
Re: What altcoins do you think are currently still cheap but have good potential for
I want to ask everyone, now the number of altcoins is increasing and the prices are various, do you know, in your opinion, what altcoins are still cheap now but have good potential for the future?
I want to hear an explanation from you?
Focus on altcoins that have real-world utility and solve practical problems. Coins with genuine use cases are more likely to have long-term value and potential for growth.I want to hear an explanation from you?