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The #Cryptocurency market is volatile and high risk. You will see price swings in hours that take years in traditional markets. That $100 you invest today could be worth $500 tomorrow or $0 📉📈
The Largest market cap #Crypto's like #Bitcoin and #Ethereum are safer long term investments and will see less volatility. They are very unlikely to disappear or go to zero anytime soon👍. It's very possible Bitcoin goes above $100k next year due to the Bitcoin halving and possible ETF listing. Ethereum might see $10k - $20k+. They are safer investments but they are unlikely to give you 100x return.
Well established #Altcoin projects with a high / medium market cap might be considered safe long term investments. If the product / project is good and the team are active🏗️. They can still see big price swings. As we witnessed in the bear market some legitimate projects can dump 75% - 95%🙈. They could also recover fast and pump 10x - 100x or more in a bull market💰. Examples of some well established projects $RNDR $LINK $SYS $FET $FTM $SOL $MATIC.
Low market cap projects that are new often launch on #Uniswap & #PancakeSwap or other decentralized exchanges (#DEX's). They are considered the most high risk investments for several reasons. Basically anyone with a little knowledge in crypto can make a token then launch it on Uniswap or other #DEX. They will usually promote it as the most amazing thing ever😆. There are some nasty people in the world, they are clever and can make something seem amazing but it is really a scam. Even the most experienced of us get rugged or scammed. Another reason is there is less liquidity in low market cap projects so the chart can pump or dump due to one big buy or sell. This can cause #Fomo (fear of missing out) where people rush to buy, or it can cause Panic selling because people think something bad has happened .
There are also plenty of new legitimate low market cap projects that launch on #Uniswap and other #Dex's✅. They have good ideas and good products that could make you a lot of money if you invest😊. I post often about low market cap projects I think have potential. It's true some can give 100x - 1000x or more returns. Just remember that a high % of them go to zero and cease to exist😳.
Investing in the right project and trading crypto is not an easy game to master. Use information posted by others as a guide and part of your research. Some big Influencers can move a chart with one tweet giving a pump, but if the projects team don't deliver or the hype dies it will dump back down. Some will make it seem like they always win and say it's easy but I promise you it's not.
Technical analysis (TA) and Fundamental analysis (FA) can help us make a more educated guess what might be a safer investment or trade. It's impossible to predict exactly what will happen one day to the next.
We will not all make it, that's not how markets work😂.
Doing your own research #dyor is a must in crypto🧠.
Be clever, Do research. Take some profit when the market pumps. Only invest what you can afford to lose.
It's your money, your investment and ultimately your decision. Don't let anyone else make it for you. #TradeSafe ❤️
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