Yesterday, A new coin was added to bittrex whis is called "FUN"
This coin had a very strong start with a price of 0.00232630 which deserves almost $8
This big start made users buy it with more than $2,500,000 then after few hours it's price was down to 0.00000821 btc which is almost $0.02
Many users lost thousands and hundreds of thousands of dollars
Personally, I have a friend that lost more than $40,000 in this coin
So, please guys be careful while dealing with new coins especially
you shouldn't let the strong start of any coin betray you, just calm down till the price have a clear behavior
If anybody of you lost in this coin yesterday, please tell me in the comments
Thanks For Reading
Upvote, Follow, Resteem
This is why no one should invest more than they can lose when buying and selling volatile cryptocurrencies.
well said
@hatemmkh we have to guard against greed, people are consumed by wanting to make money quickly, especially in cryptocurrency. Sad
yes you are right but they really can make money quickly but needs wisdom
nobody can make money randomly
without wisdom, you can only waste money not make money
A suggestion for the future - name the coin, not the exchange. This was not a Bittrex disaster, but rather a single coin.
Great warning we all need to hear - just tweak for the title.
y the word "disaster" I meant big loss for the users on bittrex not bittrex itself
I always avoid new coins like the plague, they always start high then dump like a mofo
true
I bet the creators of the coin made tons!!
yeah for sure
Oh no. That was cruel. I hope lesson is taken. thanks for posting mate. .. followed n upvoted
thanks for reading and following and welcome in my steem family
You're welcome
Let this be a warning for all of us! Watch out and stay tuned for those blogs. Thanks for info !
you are welcome
Oh my god...
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very informational, I didn't even notice that new coin btw
I bought some dirt cheap. Haha I'd hate to lose that much money on one coin.
If it is a solid coin, don't loose anything, File the sucker away and wait....For a couple years mayb more. All depends on the development team. Never purchase a coin without complete confidence in them. If there just going to sell all and profit take, there will be no one left to tend to wallet up grades etc.
And it may just die?
Cheers
Now following for more
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