Things you need to do before you buy a coin for a short trade. 1) Trading volume: The total number of coins exchanged between buyers and sellers during trading hours.
Circulating tokens: The number of tokens in circulation.
Active participants: The number of participants in the market.
Realized volatility: A measurement of price changes over a period.
Negative returns: Investor losses, which encourage sales over purchases.
Transaction fees: Network and trading platform fees.
Popularity: How popular the cryptocurrency is.
Real-world use cases: The real-world use cases of the traded asset.
A cryptocurrency with low liquidity is considered illiquid, making it difficult to buy or sell. Low liquidity can lead to trading challenges, price manipulation, and higher price volatility.
Maybe I will not get rich through crypto: I bought many tokens/Coins and I watched them crashing, especially #chainlink from $19.20 to 5$ and that discouraged me if have invested 1000$ at the rate of 5$ today I would have made a lot of profits and recovered my time. But fear denied me life a fortune Moral: #crypto with good Project will never make you loose your. #invest wisely
#Crypto world is complex, trading it is more complex, There are market manipulators, Hypers for personal gain.
The worst of it all is unregulated creation of crypto currencies/tokens/coins, these have taken a hug amount of money that would have been invested in some crypto currencies with good Projects.
Cryptos either memes or coins should have a proper vetting before it can be created, with that crypto currencies will have a reasonable value that can convince and attracts investors into the Crypto space.
Most of the big bull investors today, actually see crypto space as ATM. put up a tweet or make a post on facebook to set a bait and wait for the prey (poor investors) to cashout their money. Poor investor can never beat the big bull pumper to their game because they have the investment capital power. they have the money to continue to buy in dip, dip,dip and also have the ability to creates pump that will give them opportunity to recoup their capitals and make gain.
This post is not to discourage you but to give you insights and risk in investing in #Cryprocurrencies
Crypto world is bubbling and #BTC is setting records and breaking records of all time high many people may thinking of jumping into the pump bubble due to fear of missing out (FOMO). This is not the best to invest in #crypto if you want to invest, please do so with little amount of money you can loose else you money may be trapped at the top and you will have to wait for years for another all time high to get back your money. Many of us are still waiting for #ETH #Chainlink #BCH to get back to their previous all time high to get our money back. Be cautious of this pump, invest what you can afford to loose. Thank you 💕
📌Beware of Scam airdrop on web3. After the NOT coin and DOGS Token projects, Tap2Earn becomes more popular with HAMSTER Kombat who grew it community to over 100m but failed to deliver a tangible reward to it users, after they tactically kept for over 6months of Tapping with data. community exploitation started with HAMSTER 🐹 by taking advantage of it large community to grew all their social medias. 34 millions subscribers on YouTube( Life time fortune), Facebook,x space, TikTok Instagram all have a substantial subscribers that can give them millions of dollars cumulatively.
Warning: it is not bad to direct you users to engage in daily tasks and earn points but it is evil to to undervalue their efforts or ask them to make financial transaction in Crypto (TON) before they can redeem their point earned through task of watching YouTube videos and subscribing to all social media's.
Any project that ask for TON transaction to redeem points or Tokens is not worth it.
I will be listing most of these exploitative Projects, that web3 users need to avoid