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Too Good Performing Cryptos Are Suspicious


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Image by Gerd Altmann from Pixabay

This is absolutely personal conception or maybe misconception that too good performing crypto can be dangerous or suspicious. Especially when bitcoin is down and other altcoins and token are down, if a coin performing differently then it can be suspicious for many and maybe I'm not alone who thinks that this kind of coin can be full of risk to invest on it.

You know my indication to which coin. But still I don't want to discourage investors to invest on it as I already said that, this is my personal conception or probably misconception. The coin require a big investment to make big profit and its getting up like unstoppable. This seems too much when market is down for almost all the coins. Hope this will not scam investors, I've no investment there but my concern is reputation of each crypto coins. 

If a crypto coin scam, investors lost their trust on whole crypto industry and decide to quit. And it happened in the last year, can you remember the Luna crash? I saw investors showing discouragement on crypto investment when the Luna crash happened. So I don't want to see any coin repeat the history of Luna.

We get excited when crypto pump but when altcoins follow the bitcoin and keep balancing with the market, it looks more trustworthy. But whenever any crypto coin go against market and act different, it seems suspicious. There will be two possibilities, either the coin will take over the price of bitcoin in future or it will scam investors unexpectedly. Stay alert and keep researching can help us but we often saw unpredictable behaviour of coins. 

Don't take it too seriously because I'm sharing my mind on cryptos that performing different. Its good to be different but for many it can be suspicious too and I'm one of them. We all have right to share our mind and thinking so I'm sharing this and not necessary that my suspect coin will be a scam in future but everything is possible so thinking both positive and negative can help us having a right decision. 

Trust blindly can be dangerous and that's my concern. I'm not a financial advisor so I don't recommend any altcoin to invest on it, I personally trust some coins in the market and those coins are already in the crypto industry for more than 7 years. But I still don't guarantee that those coins will never scam or will go to the moon. For me every altcoins are trustworthy and every altcoins are suspicious. Bitcoin is a recommended crypto coin and you know the reason. 

Thanks For Stopping By!! 

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shohana
shohana Verified Member

Content writer, designer and hobbyist photographer


CTF (Crypto, Tech & Finance)
CTF (Crypto, Tech & Finance)

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