Here are some truths about Binance #listing that no one tells you (until today, when you find out because you follow LocademiaCripto):
1) Buying a cryptocurrency doesn't mean you're going to make a 10% profit in the next few hours.
2) Buying right at the listing launch (after a #Launchpool or #Launchpad ) doesn't mean you'll make instant money. When you buy, someone is selling to you... and when you sell, someone is buying from you. Both parties think they're making a good deal and earning money, think again.
3) Why do cryptocurrencies (from Launchpool or Launchpad) DROP after they're listed? To answer this, you have to understand that these cryptocurrencies are in the hands of users. That means there's supply (selling pressure) in the market. Of course, sellers want to sell higher... but if nobody "buys" up there, the price will drop, looking for buyers who want to buy the asset.
4) When does the price rise right after listing? The price of the asset rises until a seller appears to sell to the buyer. In the first few seconds of a launch (when a new cryptocurrency is listed), nobody sells because there's supposed to be NO supply. So, all the buyers who want to buy can't find someone selling at the price they want, so the price "rises".
5) So... considering the above, if it's a launchpool or launchpad, does it mean there's already SUPPLY as soon as the coin is listed? Yes, however, you'll see that in the first few seconds, the price "rises". That's because as soon as it's listed, there are ALWAYS buyers who want to "buy" at the first selling price, and no matter how much supply there is, they NEVER sell in the first few minutes... which causes the price to rise like foam... until it starts to balance (unfortunately, dropping).
I know you have thousands of more questions, I've been in your place! If you find this valuable content, please give it a LIKE, share, and if you can, you know what else you should do!!!
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