Bought and fell 🥲 for several hours in loss....let's hope the price goes up in a few days....I think I won't buy more at launch 😐

$VELODROME

So after my original post where I observed that #VELOListing was listed

2 SCEN.:

💹Rise
🔻Fall

Why?

#RISE 🚀
If it continue rising is due to the value that investors knew beforehand or sometimes merely luck. Example PNUT rise after being listed a lot, because it had a previous community and story behind

#FALL 🎢🔻
Most new coins in here with not much of a community or utility, marketing etc.
Will rise a bit and fall immediately, or fall almost instantly

BUT WHY❓
🧑‍💻I OPENED BN and saw the crypto 🪙 in announcements or at market already at let'say +100/1000%💹🚀

🧠SO, let me explain:
THAT INCREASE is due to the COIN'S previous price, that was already up in certain percentage in another descentralized exchange.
In this case, VELO was flat, investors saw today's announcement on binance, so they bought it before BN listing and the coin reached a +120% approx

🐳And sometimes there could be another motive as whales or lots of investors buying, as executing an order with lots of volum🎚️💰 in the first second the market opens

📚LESSON

🪙DONT BUY EVERY COIN AS SOON AS THE MARKET OPENS DUE TO FOMO, because even if it could be a WIN, most certainly will be a loss in the first hours or days

BUT then you could buy it cheap and have an opportunity if the coin has any real utility, community, etc.

If it is good opportunity to buy it as soon as it opens then maybe BUT AS ALWAYS DYOR, do not follow everything others say, think, analyze, research and learn,
do not be a sheep 🐑,
Learn from mistakes is KEY 🔑 to not making the same mistakes and become better to understand signals,

- learn to know when to buy in, when to hold and be patient
- when to sell and not be greedy
- when to sell most of your position but not all of it to leave some for potential growth

we are all learning, even the pros

Invest what u can afford to lose

Dont think the experts are the ppl who made millions, they could be, many are just lucky or fools, ex: 20k-200k on meme at start and won X50or+