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What is your fear in new crypto currency

  • Thread starter Thread starter Ehizzy1
  • Start date Start date
Most new crypto currency are fake so it's best to be more careful before investing in it ,so you don't make loss investing in cryptocurrency , always make proper research about a coin before investing
 
That's not true. In 2019, people did not take solana seriously, they even though it might be fake. now look at the price of solana and the market cap rank. It is one of the most profitable currencies.
 
As every passing day comes and goes, newer cryptocurrencies we being introduced into the cryptocurrency space and most of them are just to lure people into investing their money and pull the rugg under them suddenly
 
Personally, I don't do much coins in my portfolio but only the few popular ones. I know as humans we are bound to have some fears when investing in any new coin. But I don't think we have to fear but rather invest what we can afford to lose while we keep studying the said new coins. Then you can just maintain the viable ones and cut off others and your portfolio continues to grow. That is my opinion.
 
I don't really give a care that much about the newer cryptocurrencies I see in the cryptocurrency Market because of the fraud possibilities about them. I am too careful regarding them
 
So many governments have been seeing their displeasure in cryptocurrencies and a lot of them have even banned it so I do not want to invest into something that might be risky.
 
I don't see any point in investing in new coins when there are already lot of profitable coins. I mean why should you invest in shib coins when you already have bitcoin and ethereum, which re more secured investment.
 
There are two many fake coins and token in the crypto space, scammer create these coins for you to purchase them with big money and some even have exchanges too.
So my biggest fear in new currency is getting scammed
 
Yes, getting scammed in new crypto currencies is very common these days. Once a coin called One Coin scammed 16 billion from the users. The creator of One coin is still not apprehended.
 
Personally, I accept that I have my fears or misgivings when making the decision to invest in these currencies for various reasons, my lack of knowledge, lack of good capital where I have a certain amount that I would not much care to lose, the risk that it runs because of its instability. They are my strongest reasons.
 
Nothing to be concerned about as long as you conduct adequate forecasting and study before to investing. Read daily crypto updates for news and familiarize yourself with the ups and downs of the market.
 
Some potential cryptocurrency are still in existence. At the same time there are some cryptocurrency that are not meant to be considered for long-term purposes . we just have to be somehow sceptical about new cryptocurrency project. Most are not likely to last longer.
 
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