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.
Topic: New to this (Read 262 times)
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.
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.
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!
From What exchange this was Listed? if in legit exchange then try to risk because the bigger that chance of being legitimate.Any advice on this would be awesome!
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.
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.
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.
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!
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 Any advice on this would be awesome!
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.
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!
Any advice on this would be awesome!
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.
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 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.
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.
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?
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.
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 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.
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!
Any advice on this would be awesome!
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 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.
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. 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.
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.
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.
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.
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.
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.
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:)
Find a project with a coin you can actually use and a channel where people actually talk to each other:)
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
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!
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. Any advice on this would be awesome!
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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!
Any advice on this would be awesome!
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?
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.
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.
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