Today's tip, actually, is not a tip, but rather the care you should take with your money, and this is for new investors who are just entering this world of cryptocurrencies.
When you are going to invest in new projects, keep one thing in mind.
First, know how it works, and what steps are taken to get to Binance.
Second, know that these new projects, - I'm saying today, ok!, always start from a community where it agrees with its participants to invest, via WhatsApp, Telegram, and other group chats, to create such tokens or coins. After that, a split is made between them to pay the registration fee and purchase of a package of coins to launch on the market, advertising and everything necessary to draw attention to this project.
After that, they already have a cash box where the coin already has its initial exit value, but remember that this community has already invested, so everything that comes in after the launch is profit for them, understand? If you've understood this far, now comes the trickiest part. The currency is launched on the market or pre-market, and people, through advertising and everything else, start investing and start to create volume. In one day, that's when the tricky part of some projects comes in. After many investors have invested, it reaches a certain value where the project's community itself withdraws its investments and profits and starts to pay its first investors in the project. Remember those who invested at the beginning when the currency hadn't been launched yet? That's why many projects tend to fall and take a long time to rise again, because their profits have already been taken from the investments you made. Be patient, now you have to convince other people that the project is good and will rise. It's a never-ending process. So, at the end of the story, if you're not part of a community where the currency is about to be launched, be careful, because they don't care if you're going to be at a loss, okay?