Bitcoin Forum

Hey, I just started looking into all this and slowly figuring it out. About a week ago, I stumbled on a shitcoin that is literally bouncing back and forth from 0.0000007 to 0.001. I want to drop a little money into it, but definitely seems to good to be true. The coin is called Netkoin and it's been going up and down dramatically for weeks. I know there's gotta be some kind of risk, but can't figure out what it is and wondering if I should just go for it?

Any advice on this would be awesome!

Actually what i am seeing here is that you are not Stumbling to This coin instead you are promoting this In most simple and Not obvious way But sorry tons of like you had already done this.

And another thing Please try to transfer this Post to the designated section in which Speculation Altcoin here

https://bitcointalk.org/index.php?board=224.0


In the Lower left side

https://i.imgur.com/HGOv8tq.png

Too much red flag :
1. The project has died and got abandoned from the developer [1]
2. Only listed on 3 exchanges and 100% volume transaction are came from Mercatox scam exchanges [2] [3]
3. Insanely pump and dump without any valid reason [4]

Since you're new better to stick with top 2 coin and learning how it works etc.

---

[1] https://bitcointalk.org/index.php?topic=3530651.0
[2] https://coinmarketcap.com/en/currencies/netkoin/markets/
[3] https://bitcointalk.org/index.php?topic=1662702.0
[4] https://coinmarketcap.com/en/currencies/netkoin/

Sorry, I'll move it right away.

Also, I really am new to this and haven't even started investing yet. I wasn't trying to plug a coin, I literally just looked at which coins had the biggest gain on Coin Market Cap and saw that it had huge swings. I really didn't understand why no one was investing in it, given the swings. I just watched a video from Coin Bureau on it and I think I get it now. If I'm not mistaken, I may be able to buy the coins, but won't be able to sell them or trade them. Is that right?

People didn't interested to invest in this coin caused by so many reason just like

1. that's a crap coin
2. it doesn't have proper development
3. it may have so many suspicious things

In my opinion if you should not throw your money to this coin. Is not it too risky to play a swing trade in the coin that has no liquidity in the market? You can see that the daily volume of netkoin is very small.
If there's no buyer and then you will not able to sell your coin.

Avoid to deal with the garbage coin.

If you see it happen to the other coin, you need to wait for a while because that is a pump. That will always come to many coins. After that, the dump will come and the coin price will go down drastically to the lowest price. You do not need to enter the market because that will be too risky and you can lose your money because that can be a trap for traders who are still trying to enter the market. You better search for the other coin, which still at a low price, but always analyze before doing something.

https://i.postimg.cc/C1WYYyMD/IMG-20210331-230422.jpg

3939th position on the coinmarketcap. And trading only two/three Exchange, only one of them is little active.

To be honest I will not suggest to invest to these type of coins. It’s right that after investing in it you maybe earn massive income like gamblers.

You also have the chance to lost almost of your holding. Now decide you, it would be worth or not.

I don’t recommend it mate, choose better coins in the market instead. You can select from top 100 in marketcap or you can get a low cap coins but make sure to do your homework about the project that you are interested in. Do not fomo and trust your research, your experience will help you improve in the long run.

If you new to cryptocurrency investment then pursuing or investing in coin because it was among the highest gain will make you lose your investment. Most of this altcoin are hype base project and it pump in price shouldn't be trust.
You said it yourself that the coin goes up and down in price anytime show it to be total risk investment.

It's now even ranked #4013. With total crypto there are around 9,000 coins, that's not a good sign for this coin. Better to stick 100 top coins or 200 coins instead looking for pump and dump coin to earn quick money. That's too risky even for experienced trader

That will be too risky to buy that coin, even if that coin has a low price. You can select from the top 50 to buy the coin and do not buy a new coin.
We need to wait for a while to see if that coin has the potential to increase or not.
But if you still insist on buying that coin, go ahead and hold it for some time, but we do not guarantee if you need longer to see if that coin can rise or it will disappear from the market.
If you can invest in the top 50, I think you will have more chances to profit, but that is up to you.

You don't play with that kind of coin. But if you can drop your money that's affordable to lose, that's your decision and it's your money that will be in a gamble for that coin.
If that's an easy thing for you and you're aware that the potential percentage of losing is higher then you play safe if you can and just choose other better coins.

The ATR(Average True Range) of this small caps coin is very high considering that the price varies as you mention. It's better to avoid that kind of coin because its volume is and you will just gonna trap on shitcoin whenever the coin got delist or the orderbook become empty.

Better to look on small cap coin with 500K above trading volume on a legit exchange. Question, How do you find that shitcoin out of thousands of coin available in the market?  :D

Its a death trap so just avoid it, if you are looking at the price alone then you will fall many times so you also need to look at the trading volume and where the coin was listed, if there is no reputed exchange available then don't invest at all.

you are too brave to be on the coin, I think you are taking your money and turning to coins that already have potential. because I see that netkoin has no significant development and does not have enough potential to grow. so my suggestion is whether you are still sure of it. your decision on yourself

Agree with the feedback from everyone here 100%. I would actually not even care about market rank and just look at the project itself and see that the only activity surrounding it is shill discussions and random meaningless tweets,,, no real value. Just like 99% of altcoins.

Find a project with a coin you can actually use and a channel where people actually talk to each other:)

I can imagine when you have been investing your money on this coin and you are getting lost instantly without needed a lot of time. This is a pump and dump coin and you will take a very big risk.

It's your own decision but you can try to think wisely about that. It's better to allocate your money to the legit coin that can still bring you a lot of profit.

Actually I never try to buy an altcoin that has a low price and didn't have a good function to be used by most crypto user.

Because, almost altcoin that still has a low price and its volatility is really high is being used as pump and dump scheme by some investor.

Your chance to get maximal profit is low and you have a high risk to lose your money. I just buy the top ten altcoin based on coinmarketcap and yeah you can feel it how comfortable you are when the correctio for all crypto prices coming.

Indeed, choosing a better coin is not easy in which need more information that can be demand of many here in crypto currency community. Just like the plans of the developer that can give a detailed informations to the investors and may lead a long term investment that can be supported of many users.

I agree. @OP don't do the same mistakes that I made in my early days in cryptocurrency. Focus first in learning about investing in cryptocurrency and that's the best thing you will do to have a brilliant start in investing. I recommend having great review about the project first before you can jump into it and if you have few proofs that the project can make you profit in the long run then don't continue investing to this project. In that case, most of the opinion of the users here have the same, and some proofs that the project is not good so I suggest exiting your investment in that project.

The truth is that you have figured out for yourself what you are getting into; shitcoins are terms used for tokens that literally exists only for pump and dump scheme; the risks are high and such trades does not obey or follow fundamentals or technical analysis. Do your own research and make your trading decision.

Personally, i will suggest that you do not get involved with pump and dump schemes and instead find an altcoin to invest or trade on for profits.

I don't think this coin could still have potential. I'm not underestimating it but I guess it would be better to look for more potential altcoins on top. It's not that I'm saying that we should never trust new coins but it's still important to check for the capability of a certain coin before investing in it because there are really lots of shitcoins that are being manipulated these days.

I don't know if this is a plug or not, there are way too many people who shill their favorite coins, I have seen people selling a "service" as writing about a token on bitcointalk 10+ times a day from 10+ different accounts to shill it and make people like it, that's a real service.

But assuming it is not, I am going to just talk about general idea, if you find a coin and you do not know what is wrong with it, try to find what is good with it, I can't see anything great about netkoin, that makes a no for me and I would not invest into it, if you want to list something you can do with it, I can clearly show you a way to actually find something in everything, you should not be doing that, there are huge things in the crypto world that actually worths money and you should try to find something in those. That's why pick something that has great potential, not something that has nothing bad going on.

If you just read a few replies you could actually tell that this shitcoin is finished because it's a total scam and a trap plus looking at the number of position it has no chance to become profitable since the one who owns it is an actual scam exchange.

So basically if someone has bought this shitcoin they may be able to get the coins but I suppose they can't sell it. And you will end up holding a shit bag of coins.

As what the people been talking here before that we should invest only to the coins that we already understand so it's required to do your own research. If OP just did some research since looking at the rank position is way far from the reputable one that you could actually made some profit.

Great, that coin could give you a profitable income in the future. In some point you also need to be updated from the developer and team regarding on that coin so that you will able to know their plans and the possibly bull run on that coin in which seems to be a highly potential for everybody here in crypto community.

So, youre trying to scalp with those price movement? Its up to your own choice and of course it is way risky because losing money is much more faster specially if the percentage
rise and drops are way too high but really very rewarding if you done it right and a true devastation when the market goes down.Choose up on the platform or exchange
that does have big volume even though this one is listed on a couple of platforms but still better than on having one.
Always take caution on trading  because you are dealing with active movement which can cause total wreck.

I suggest not investing in Netkoin, it is too risky to see the movement up and down drastically. There are several possibilities for this to happen,
the first possibility is that there are whales manipulating the Netkoin price in order to make a profit. The second possibility is that there are trading
group signals that carry out pump and dump, then the third possibility is that the trading bots will do so. Knowing that Netkoin is listed on
exchanges is unpopular.

From What exchange this was Listed? if in legit exchange then try to risk because the bigger that chance of being legitimate.

But if this was in Shit exchange then better not to Put even a single cent because this is only luring investors and when you turns to them ,then your funds will be freeze and won't get it back again.

This is almost the same in What we called in real life as "Fly By Night Company" in which once there comes a victim then their gone.

Dont ever buy an altcoin if you new and dont know nothing about crypto market, many scam coin or token out there. You probably will lose your money if you buy token blindly. Because every one can easily make token and list it on pancake swap or uniswap. Another dangerouse thing is dor DeFi, it can be rugg pulled and you suddenly lose all your money.

you know they are doing that pump and dump for reason which is attracting new soul into buying their shitcoin, you know it well that it's shitcoin since you called it shitcoin aswell so why jumping in the dirt and risking of getting trapped there. There's plenty of high volume coin out there that could have the potential of letting you making profit not this coin that comes out of thin air.

Not unless you are willing to take the risk and accept once the timing won't work to your money,

otherwise, better not to fall and look for solid porject that have better opportunities, those who

play with such kind of project are willing to lose or they already accept their fate, it's just too

dangerous for someone who's new to this kind of scalping, losing your money is very possible

in a short period of time.