Millionaire Plan
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$BIO has risen over 2300% in just a few hours, but don't be fooled by this.
The $BIO chart shows that the coin was launched at a price of $0.03 and is now worth $0.74, indicating a more than 2300% increase. However, this can be misleading, especially for beginners who might think they could have bought at $0.03 and become millionaires in a single trade.
The reality behind these charts:
1. The initial price is not always accessible:
Newly listed coins often start trading at a much higher price than the indicated "initial price." This happens because massive buy orders and high demand in the first seconds drive the price up rapidly.
2. It's impossible to buy at the lowest price:
Even though the chart shows the lowest price as $0.03, it’s practically impossible for anyone to buy at that level. The earliest trades are typically executed well above that price due to market competition.
3. It's a common misconception that everyone can buy cheap:
If it were truly possible to buy the coin at its lowest price, everyone would be a millionaire. But that’s not how the market works.
Final thought:
Before getting excited by charts showing spectacular increases, remember that these figures don’t reflect the actual buying opportunities. It's essential to understand how newly listed coins work and to trade cautiously.
The reality behind these charts:
1. The initial price is not always accessible:
Newly listed coins often start trading at a much higher price than the indicated "initial price." This happens because massive buy orders and high demand in the first seconds drive the price up rapidly.
2. It's impossible to buy at the lowest price:
Even though the chart shows the lowest price as $0.03, it’s practically impossible for anyone to buy at that level. The earliest trades are typically executed well above that price due to market competition.
3. It's a common misconception that everyone can buy cheap:
If it were truly possible to buy the coin at its lowest price, everyone would be a millionaire. But that’s not how the market works.
Final thought:
Before getting excited by charts showing spectacular increases, remember that these figures don’t reflect the actual buying opportunities. It's essential to understand how newly listed coins work and to trade cautiously.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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