I Lost $70,000,000 in Shiba Inu #Podcast
Speaker: I've been diving into the crypto world, invested in quite a few coins. Made some wins, but took some hits too.
Listener: What do you look for when picking coins to invest in?
Speaker: I swear by a strong team, good liquidity, and a solid use case. It's all about increasing those odds of success.
Listener: Makes sense. Any experiences you'd like to share?
Speaker: Oh, definitely. Shiba Inu ( $SHIB ) wiped out a cool 70 million dollars for me. Taught me to be wary of those market makers playing games with coin prices.
Listener: So, quality over hype or cheap deals?
Speaker: Precisely. Looking ahead, blockchain's gonna keep blowing up, and cryptos are gonna be everywhere, especially in different industries.
Listener: How do you assess a project's potential?
Speaker: You gotta dig into the team, the use case, and the funds they've got. And I steer clear of coins not on major exchanges; liquidity can be a real issue.
Listener: Any advice for fellow investors?
Speaker: Stick to coins with a solid shot at success and play the long game. Oh, and understanding the tech and market trends is key.
Listener: Got it. Any pitfalls to watch out for?
Speaker: Watch out for influencers hyping up coins and don't follow the herd blindly. Diversification's crucial too, and low-cap coins can be risky business.
Listener: Sounds like staying informed is crucial.
Speaker: Absolutely. Stay on top of the market, tech, and don't fall for the hype. Focus on quality coins with a strong use case and be patient for the long haul.
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This is a text form of a podcast. Where; Speaker: Wise Advisor & Listener: @Sujal .
