There is a saying in the trading world: Play with the new, not the old. As leaders and traders pour into the cryptocurrency world, small investors are also deeply poisoned by this idea.
Why don’t I recommend playing with new coins?
1. The market does not allow it. In the deep bear market, project owners, exchanges, and market makers are a hundred times hungrier than retail investors. They don’t care about 10 or 20 million in the bull market, but in the bear market, it’s the price of a pack of cigarettes. Dozens of market makers are watching. In such a market, isn’t it a death wish to enter?
2. Trading is too difficult. The cryptocurrency world is now repeating the same story from 2017. The narratives are exactly the same as those from 2017 to 2018. What does this mean? The big investors are not smart enough. The threshold for starting trading has been greatly increased, which means that most projects are doomed to fail. What's the point?
3. There are not enough leeks. Without users, it’s all nonsense. There are too many existing leeks, existing funds, and projects. It’s difficult for project owners to reap the leeks, let alone do practical work.
4. They will not survive the bull market. Most of the project owners are just playing one-night stands. Once their goal is achieved, they will not pull the market up. In the early stages of a project, since they cannot judge the strength of the project owner, they rashly invest a large amount of money. If you don’t take over, who will?
5. Experts in cutting leeks. Many people in the cryptocurrency circle are really naive. They believe whatever the project owner says, not to mention independent thinking... They are thankful that they are not brainwashed. Most projects are born to cut leeks in the early stage of their establishment. Yes, that's right.
In short, in one sentence, early stage projects should be carefully considered. Good projects are not yours, and what is the point of bad projects?
