Op is right. As an investor, i bought lots of altcoins. But due to my busy schedule, i can spend less time to maintain my portfolio. After checking those altcoins, i found some get scammed. And some change their contract address. Some project send me their new token automatically in my wallet but many of them, want us to claimed within a certain time. I miss that and lost to take those token back. Then i realise, how important it is to always keep eyes on their Social media channels specially Twitter and telegram. Otherwise it is possible to loss a huge worth capital that is invested with a altcoin
Yes, there are instances where projects got updated and need to use other chains or some create new development and new coins got introduced. You need to follow their updates as if you missed the information you'll lose your investment. And one good thing when you are following the social media, the chance that you can anticipate some good runs when good updates are provided.
You can position yourself and make some good use of those positive information. Good news most of the time also created good
market run.
Every bit of data now has the potential to flip the script on your investment, much like a piece of a jigsaw puzzle. When it comes to the importance of social media in this lightning-fast competition, I couldn't agree more. In the ever-changing world of cryptography, staying abreast of developments can be crucial. It's Darwinism with cryptographic twists: evolve or die
We must not lose sight of the fact that the cryptocurrency market is quite volatile. Even if the news is good today, the market could drop tomorrow. There is no foolproof method or pattern that can ensure achievement. Isn't that the beauty of it all though? The unpredictability, the unknown, the ever-changing nature of things? This is the thrill of Bitcoin