LIVENEVER BUY CRYPTOS AT THEIR LISTING
When a cryptocurrency is listed, a lot of excitement is generated around it. You'll see it talked about everywhere on social media, and it will be trending on platforms like Binance Square. Naturally, this makes beginners want to buy it.
That's the worst thing to do. After a listing, a cryptocurrency will be inactive for a while and gradually decline. Just look at the listings of old cryptocurrencies, you'll see for yourself, it's extremely rare for a cryptocurrency to continue rising after being listed on a major exchange. It can happen, but in 95% of cases, you'll lose your money by buying it. Be patient, that's the key.
And don't even think about being able to make money by buying it at the lowest listing price: it's absolutely impossible. Ultra-fast robots with nonexistent latency can afford to have cryptocurrencies at that price. Unless you have millions to develop such robots and place them as close as possible to data centers, forget about this idea. You'll only waste your time and money.
Hoping some will understand and apply these tips.
This post reflects only my opinion.
Thank you for reading.
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