New coin players are often very greedy. The god of wealth treats the foolish.
It's simple, just bewildered and just buy and eat. After eating a lot, I feel like the market is easy to eat. Easy to eat and then refill a lot. Every time I see the wave rising, Fomo follows. When I see someone telling me to buy something, I buy it without hesitation.
At first, whatever number you buy will increase. After thinking about the increase, I decided not to sell. Then it decreased thinking it would increase again, it increased again thinking it would increase again. Then it dropped further and returned to the old price to sell. It's a shame it's gone down again. Not sold yet. After that, it continues to decrease. If it reaches the buy point, then sell. When it drops further, they say they can't sell it for much now, so they don't sell it. Then divide n times.
Seeing another one flying, I pinned my losses and hoped to get back. After a while, the old one flew back.
The life cycle is 100% certain that coin players will go through those stages.
1. BE AWARE OF ADVERTISING
- When the project runs, there will definitely be many articles promoting images and introducing products.
My job is to choose good tokens: including token allocation mechanism, inflation mechanism. Is project team information transparent? What is the monetization mechanism of that product?
If there are a lot of referrals, I will buy and then wait for the price to increase and then sell.
Linh successfully ran to the top thanks to that method.
There were many times when Linh sold that code and gained many times. But Linh never regretted it. CRYPTO is still long and the most important thing is KEO.
2. MEME COIN - LOTTERY
There are often many lottery bets that multiply dozens or hundreds of times like shiba. It's the right season and the right trend.
But there are many people sharing meme coin codes to buy lottery according to that trend, who knows how to multiply many times. Follow the trend or name being mentioned. Players believe and expect to multiply many times but the probability is very low.
That's the trap. Many contracts are coded by one person or group and then promoted. self-driving price. Then take that money and run.
I won't believe in the lottery. I choose the safe method.
This season, let's play on the trading floor.
3. CHOOSE A REASONABLE STAKE
There are many projects with extremely high Stake Apy, weekly rewards. Someone with a strong reputation for promoting.
Those projects are often locked for a long time. 1-2 years
After that, the reward is paid weekly, the token price drops due to inflation. Having locked a large amount of money to pay a small amount, the excuse of inflation is just to justify dumping prices.
Losers are those who LOCK TOKEN for a long time. Interest is the people promoting that token waiting for the token price to increase.
As for long-term projects, they lock the Stake and Apy will be moderate, not too high.
They will officially introduce their platform.
Newcomers should learn carefully. Keep your capital well. If you don't know, go ask. Don't be gullible!
