đ´ $IO A Tale of Loss and Caution đ´
If you invested in IO during its launch, you might be experiencing a loss at this point. Itâs unfortunate that many small investors who took the risk are now facing losses.
Like many other new coins launched in recent months, IO has seen significant volatility. If youâve bought in spot, itâs okay to buy again after every few percent drop as per the strategy known as Dollar-Cost Averaging (DCA). However, in futures, avoid averaging as it could lead to significant capital loss. In fact, millions have been liquidated recently due to averaging.
The current crypto market conditions are challenging, and it doesnât seem like it will improve soon. Under these circumstances, itâs hoped that the owners of IO and the whales will give it a chance to showcase its potential. However, if the crypto market crashes further, expect a further dip in $IO
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