04-01-2022, 04:17 AM
There are more than 100 new coins created everyday, it's very unlikely that you will
<!-- SC_OFF --><div class="md"><p>A lot of people invest in these coins that are new and low cap and obscure thinking that they can get rich quickly, when all that will actually happen is they'll lose their money in these coins that either fail or get Rugpulled.</p> <p>Seeing coins like SHIB, DOGE in the past has only encouraged these people in their thinking that they can make a lot of money off of these coins, when the reality is that those 2 were only 2 among thousands of coins that got lucky. </p> <p>Investing should be done with a purpose, otherwise it becomes pure gambling and you'll likely fail. </p> <p>That purpose could be Bitcoin as a means of decentralization, as a means of inflation hedge, or just as a currency that's easy to transfer. As long as you know what you support in your coin, you have a purpose in it that you believe. Which is what investing is, not closing your eyes and picking a coin. </p> <p>Not only you won't be rich, but you'll also lose your money in these coins. Only people getting rich will be those controlling the coin with their bags that are ready to sell. </p> <p>But of course, there still are those projects with purpose and that can change the market, but you'll need a lot of time on your hands to find those new ones.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Elie0_0"> /u/Elie0_0 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tsyfsu/there_are_more_than_100_new_coins_created/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tsyfsu/there_are_more_than_100_new_coins_created/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>A lot of people invest in these coins that are new and low cap and obscure thinking that they can get rich quickly, when all that will actually happen is they'll lose their money in these coins that either fail or get Rugpulled.</p> <p>Seeing coins like SHIB, DOGE in the past has only encouraged these people in their thinking that they can make a lot of money off of these coins, when the reality is that those 2 were only 2 among thousands of coins that got lucky. </p> <p>Investing should be done with a purpose, otherwise it becomes pure gambling and you'll likely fail. </p> <p>That purpose could be Bitcoin as a means of decentralization, as a means of inflation hedge, or just as a currency that's easy to transfer. As long as you know what you support in your coin, you have a purpose in it that you believe. Which is what investing is, not closing your eyes and picking a coin. </p> <p>Not only you won't be rich, but you'll also lose your money in these coins. Only people getting rich will be those controlling the coin with their bags that are ready to sell. </p> <p>But of course, there still are those projects with purpose and that can change the market, but you'll need a lot of time on your hands to find those new ones.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Elie0_0"> /u/Elie0_0 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tsyfsu/there_are_more_than_100_new_coins_created/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/tsyfsu/there_are_more_than_100_new_coins_created/">[comments]</a></span>Kind Regards R