Investment in new coin is profitable but at the same time it is very risky to invest in these coins. Normally coin first pump and than dump after listing on centralized exchange.
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Pump is some time more than 1000% and this is the time when initial investors sell their coins as a result of high selling pressure on coin which depricate its worth.
Today new coin HIBEANZ liksted on kucoin exchange. In a matter of minutes coin observed 1900% gain. Huge pump in price added more selling pressure as a result coin observed more than 66% dip from its all time high worth. Such a trade is pretty risky. I have lost $43 on my investment. It takes a lot of time and effort to earn $43. On the other side, you can loss the amount in a matter of minutes.
Reason of sharing this post is to educate fellow user not to invest in those coins which give huge pump. First the coin pump and than it dumps. Better to wait for the right moment to invest in coin.
Best way of getting new coin is through IDO. Initial offer give you liberty to buy coin at cheap rate. You can earn decent profit if you purchase coin at lower worth. Initial worth of HIBEANZ was $0.0026. At one stage coin touched the $0.05089. Coin unable to sustain its worth and currently coin is trading around $0.017. Still opportunity for investors to earn 615% profit on their initial investment. This is the good strategy. Instead of investing on new listed coin better to invest in new ido or igo. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.