For this article I will share with you why it is good to buy new tokens and also what we should consider before we buy, so for those who are interested, finish this article so that you can have idea.
Why is it good to buy new tokens or meme coins? and what are the ones we should consider. It is very important that we are knowledgeable about something before we join, especially here with people like this that involve money, so it is very important that we know something and that is what we are talking about.
Why is it important or good to buy meme coins?
So because all of them have potential, potential to be x2, potential to be x10, the others have potential to be x100 to x1000 in price. All of them have potential, so I always tell those who ask how to know if they have potential, will it increase? My answer is always that if you buy a token, check the telegram, check their community, check their project, their website and of course it depends on the developer, especially if he follows the plans, then grows the community, that means tha they really have the potential to increase the price. It's just a case of something different, sometimes some will increase immediately, some take a year, some take a month, so they are different. But of course there are also those who have dropped the price, scam tokens, just like the new Squid Game Token that has fallen badly, many got scammed because their investment is huge.
When you buy tokens, it is very important that you apply what Changpeng Zhao (CEO of Binance) said "If You Can't Hold, You Won't Be Rich", because when you buy a token, only two things can happen. there, it's either that the price goes up or the price falls. When you buy a token, most of them really have potential, it really depends on their progress.
Secondly you should iconsider invest only what you can afford to lose, because when follow what Changpeng Zhao told when buying potential tokens or meme coins, I could say guys that you can hold that token for a long time. The secret of success when it comes to tokens is patience, you must be able to hold on to it for a long time. Apart from that, when we do not apply those two principles, we know in ourselves that we can lose that or when the time comes, we can earn a lot of money. That's how it will run so you don't need to always ask if it will increase? is it still okay? Now, If you can hold token for a long time, that means you just invested what you can afford to lose, you know in your mind that even if you lose it, it's okay or you'll earn a lot in the future.
It is very important to hold potential tokens because like me, I have a lot of regrets because I sold them right away, I couldn't hold for much longer and if I had already applied for it, I hope the money I have saved is big here in holding tokens.
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The information above does not constitute investment advice, financial advice, trading advice, or any sort of advice. I'm not a financial advisor nor an expert in such, so make sure you always do your own research first before investing. Happy Trading, Earning, Playing and Learning everyone!
Thank you for reading!