There are short-term and long-term of investing in cryptocurrency in the future.

Gozie51

hero member

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Merit: 630

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Quote from: soul_mate on January 16, 2022, 08:58:03 PM

Investing in new coins is not advisable as there is no guarantee that the coins can survive like the other existing coins.

Usually it is not advisable to buy coins that are not listed already and based on certain exchange. I have invested in initial offers back in the past and it was a lose giving me an experience afterwards. It is safer with bitcoin and few other coins established already and popular in the market.

Ararbermas

sr. member

Activity: 2016

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A telegram group? Well i think much better to learn how to make technical and fundamental analysis than relying on such way when it comes investing especially new projects because nowadays people can easily advertise new projects in telegram groups even the projects don't have any value and potential.. So if i were you do it on your own to assure everything will gonna be alright mate. Indeed all the information is already existing in the internet such how to determine legit projects and what are the important things to know when it comes investing.. Dont ever rely on any groups wherein make your own research..

soul_mate

newbie

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Merit: 0

Analysis and research can help us determine which coins can be a good investment, whether it is for the short or long term, because so many coins at the market can tempt us to buy many coins, leading us to buy the wrong coins. Bitcoin will be our main investment, while the altcoins can be our secondary investment so you can expect to have revenue later. Investing in new coins is not advisable as there is no guarantee that the coins can survive like the other existing coins. Besides that, we can skip the new coins to buy although many people can make a big profit because I think they are lucky to get the coins. If you can deal with the risk, you can try to follow them but you should remember that it is hard to select the new coins as the investment.
I am also participating in the transaction, including digging for some coins, and we can have more communication.
https://t.me/s_soul_mate

Topic: There are short-term and long-term of investing in cryptocurrency in the future. (Read 89 times)