NIKUBHI (OP)
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July 09, 2020, 02:31:14 AM Merited by Symmetrick (1) |
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Many of us were well known the Coinmarketcap from where we receive all cryptocurrency like coins and tokens details like on which exchange they listed, what is the 24-hour treading volume, or which platform they based on, etc. These days many new crypto coins and tokens was introducing and listing on many exchanges and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency was makes a good pump in their stating days and after they dump in a very dramatic way. This cause a big loss to the investors and the trust in these types to new coins and tokens was finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
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dragon695
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July 09, 2020, 02:49:04 AM |
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Many of us were well known the Coinmarketcap from where we receive all cryptocurrency like coins and tokens details like on which exchange they listed, what is the 24-hour treading volume, or which platform they based on, etc. These days many new crypto coins and tokens was introducing and listing on many exchanges and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency was makes a good pump in their stating days and after they dump in a very dramatic way. This cause a big loss to the investors and the trust in these types to new coins and tokens was finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
It's always risky to invest in any-kind-of-coins. Well, I can say it is good if you know how to jump in and jump out the market at the right time. As you said, a lot of coins pumped and then dumped dramatically. Then the problem is your skills in trading. It's "safer" to invest in coins that don't pump and dump surprisingly (big coins such as BTC, ETH, BNB, etc). However, the more risks, the more profits! It's your choice!
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bitmover
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July 09, 2020, 03:07:12 AM |
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So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
As you are asking if you should invest in random coins for random people in internet, you certainly should stay away from those coins. you will probably lose money Study, get some information and then try again. For now, if I were you I would invest only in bitcoin.
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ice18
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July 09, 2020, 03:07:28 AM |
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Always remember that most crypto investments are all risky even in bitcoin no one can tell if for how long this bitcoin will have such high value new or old coins theres always a risk you can select most trusted old coins and diversify your investments instead.
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Little Mouse
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July 09, 2020, 03:16:44 AM |
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Almost all the projects coming nowadays are shits anyway. They have no new development to offer, no use case to create market demand, no stracture to attract potential big investor. As a result, this projects never get tye attention from the community and get died after couple of months. Or sometimes create short term hype and become pump and dump scheme. I would stay away from such new projects.
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meanwords
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July 09, 2020, 03:24:57 AM |
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There's always a risk in every investment but what matters is how you approach it. But the thing about new coins and tokens is that they are all the same thing. They don't innovate but instead copy another project and change some things. Most new coins and tokens tend to fail even if the ICO succeed so it's really not recommended to invest in a new project. If you are into pump and dumping new coins, then you'll just fail miserably. Unless you have a lot of networks and connection and always ahead of the news.
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wmaurik
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July 09, 2020, 03:27:28 AM |
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Actually almost all cryptocurrency is risky. stable coins can be risky even though the loss is only a count of 0.x%, but the level of risk is certainly on a new crypto coin or token because if not careful, the new coin or token can just plunge instantaneously, I observe a lot of new coin or tokens which dropped continuously because the volume is weak and also people are not interested, DeFi trend has slightly changed people's views of new crypto coins or tokens and it seems, some investor are more attractive to something new but that is related to DeFi.
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Rodeo02
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July 09, 2020, 03:33:22 AM |
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Many of us were well known the Coinmarketcap from where we receive all cryptocurrency like coins and tokens details like on which exchange they listed, what is the 24-hour treading volume, or which platform they based on, etc. These days many new crypto coins and tokens was introducing and listing on many exchanges and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency was makes a good pump in their stating days and after they dump in a very dramatic way. This cause a big loss to the investors and the trust in these types to new coins and tokens was finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
Yes its risky because more of them is just a pump and dump coins no real use cases and good only for short time holding and sell it for profit. That is what tokens do right now they are making event contest giveaway so many people will know about the coins but this is the time also when many people selling their stocks because they know that the next thing will happen is it will dump.
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asriloni
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July 09, 2020, 03:58:02 AM |
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As long as if you know if that was a reliable coin and it's not so risky to invest in the new coin. I'm also actively investing into the new coins and so far I always make a quick bucks especially when it comes to the IEO from the good exchange sites. You can easily make the profit
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havoc928
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July 09, 2020, 04:05:13 AM |
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As long as if you know if that was a reliable coin and it's not so risky to invest in the new coin. I'm also actively investing into the new coins and so far I always make a quick bucks especially when it comes to the IEO from the good exchange sites. You can easily make the profit
It's not totally true to say you can easily earn profits out of new coins. It's true to say that you can earn a lot more than investing in old coins. However, the risks come along with the profits. For me, before investing in any coin, especially a new coin, I have to do a lot of researches. I only invest when I'm certain and confident about the project! It helps me reduce the risks.
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danherbias07
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July 09, 2020, 04:07:51 AM |
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It had always been a risky ride to invest in new coins or tokens. You will have to know yourself first. Are you a short-term investor or a long one?
A lot of investors are getting bored in a 2-year investment which most ICO runs according to their roadmaps. If you are not on that bracket then you might want to just buy the old ones like Bitcoin and Ethereum. Invest in it or you could start learning to trade them.
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bgaf
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July 09, 2020, 05:20:58 AM |
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Even its new coin/token as long as you know that the project is worth investing then go for it. But make sure you are aware of the risks you are taking cause even its a really good project it is affected by a lot of factor and could dump the price.
But defi projects seems to be good and popular. Most traders are asking if a new project is defi or not, usually they are bullish when the project is a defi cause this trend nows has been seen effective like the compound project that increase its value over some time.
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alicea
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July 09, 2020, 05:30:53 AM |
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Every cryptocurrency no matter how old it is has some sort of risk involved it's up to you to do intensive research on the project before investing. But new projects do tend to have a little bit higher risk involved mainly due to market volatility.
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Towerbreeze
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July 09, 2020, 05:35:37 AM |
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It's risky to invest in new coins and tokens, you need to do hard research on new coins before buying them unlike coins that are on top 10 or top 20 lists, for newbies top altcoins are better
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Oppo57
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July 09, 2020, 05:42:50 AM |
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There were so many tokens and so many coins that were add in different exchanges. There are many exchanges that have canceled their contracts with different coins. Due to the cancellation of all contracts, the prices of high priced coins have come down.
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chip1994
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July 09, 2020, 06:13:01 AM |
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Yes, certainly there is and there could be more risks. it is likely that we will lose more money if people do not have the knowledge of project analysis. Currently, with the current economy, it is very difficult for new projects to operate stably and successfully, most of them are just promises and after the failure, they gather investors' money and run. This is the most common case in the crypto market so investing is quite risky. You should consider carefully when investing large amounts.
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Bitcoinislife09
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July 09, 2020, 06:24:49 AM |
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Yes, certainly there is and there could be more risks. it is likely that we will lose more money if people do not have the knowledge of project analysis. Currently, with the current economy, it is very difficult for new projects to operate stably and successfully, most of them are just promises and after the failure, they gather investors' money and run. This is the most common case in the crypto market so investing is quite risky. You should consider carefully when investing large amounts.
Yes it is really risky to invest in cryptocurrencies. There are risks because the value keeps on changing. Some cryptocurrency sites keeps on making projects and when someone bet on large amount of money they would just run and scam the investments. So as an investor you must always check and research about the problem before joining and investing especially of you would bet on a large amount as your investment.
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Dariusburst
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July 09, 2020, 06:34:24 AM |
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Many of us were well known the Coinmarketcap from where we receive all cryptocurrency like coins and tokens details like on which exchange they listed, what is the 24-hour treading volume, or which platform they based on, etc. These days many new crypto coins and tokens was introducing and listing on many exchanges and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency was makes a good pump in their stating days and after they dump in a very dramatic way. This cause a big loss to the investors and the trust in these types to new coins and tokens was finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
There is high chances of losing your money if you want to invest in new coins, I only use 10% of my money to take risk on new altcoins and I also make sure that the new altcoin has what it takes, most times the most promising new projects of today are introduced through top exchanges
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TanakabZX
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July 09, 2020, 06:41:31 AM |
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There are ways to invest in new coins this days without losing money, here is my own trick, I'm more interested in projects that did IEO on binance, kucoin and Okex so I join their IEO and profit is assured using these exchanges, the new token will either double or even triple in value, I will sell and hold USDT, most times after few months price will dump a bit, they if the Project is good for long term hold I will buy back
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mersal
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July 09, 2020, 06:51:39 AM |
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Many of us were well known the Coinmarketcap from where we receive all cryptocurrency like coins and tokens details like on which exchange they listed, what is the 24-hour treading volume, or which platform they based on, etc. These days many new crypto coins and tokens was introducing and listing on many exchanges and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency was makes a good pump in their stating days and after they dump in a very dramatic way. This cause a big loss to the investors and the trust in these types to new coins and tokens was finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
Some new coins will coins will be traded for high price as well depends on which exchange it was getting listed but most of them will get hit after it got listed but it doesn't mean we can't make money from it.Still we can make profits if the project team is working on the project on its further development so it will be a good for long term plans.In reality most project team is not developing them which makes it as a dead project after few months.
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