Beware! Exchange's new coin "trap" and investment guide
You thought you found the code to wealth, but you may have stepped into a carefully laid "trap"? In the world of digital currency, exchanges will launch new hot altcoins every once in a while. Just like the previous x coin, it exploded 20 times from the bottom; ol coin also rose 10 times, and the recent ip coin performance is also eye-catching.
It seems full of opportunities to get rich, but there are huge risks behind it. According to statistics, 19 out of 20 new coins will often fall miserably. The exchange does this just to get the maximum benefit with the minimum cost, and occasionally create a "myth" of a 10-fold coin to attract retail investors.
The market trend behind this is worth pondering. No one trades the new coin when it goes online? It doesn't exist. As long as there is a wealth-creating effect, retail investors will continue to rush in. But this is actually a high-risk gamble, and most new coins have no actual value support at all.
For ordinary investors, you must remain rational. Investment is not speculation. Don't be blinded by short-term profits. Learn more professional knowledge, analyze the fundamentals of the project, and do a good job of risk assessment.
What do you think about investing in digital currency? Or do you have similar experiences? Welcome to share in the comment area and exchange investment experiences together!