I am also very new to the crypto game, but would caution you in investing in a coin based on how far it fell. Much like the .com bubble, only the best survived. Then again, if you invest in a lesser known coin and ride the wave up, you could potentially make a nice profit as long as you get out of your position in time. Remember: pigs get fat, hogs get slaughtered!
You are viewing a single comment's thread from:
Thanks for your replay, randomness! It is not like I based my strategy on how deep they fall. It is just a good opportunity to get "fairly good" lesser coins at a low price to invest a small % of my free capital hoping them to expolde. And I think is is a favourable time when panik breaks out for good order placement at the real high potential coins for the long run.
Ok, thanks for the clarification! I definitely appreciate getting a lesser coin at a good value. It's just hard to choose because there are so many of them out there right now! And I'm sure it is only going to get worse as the prices rise. However, if you can diversify your capital and find a few potential winners, then the money you could make would be substantial. Again, as long as you don't stay in long enough for them to crash, you could do very well!