The number of people in today's world who have never heard of crypto is negligible. Especially since the price of Bitcoin has increased so much over time, it has come into the discussion of people and brought many people to the crypto market. And many exchange sites have been developed around these digital coins or tokens. And there are many, many tokens. It is sad but true that there are some tokens which are scams. And as a result many traders are losing their capital.
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As to be honest we know very little about most coins and tokens and we have very little idea what is a token and what is a coin. Moreover, we have very little knowledge about the major scams involved in many of the tokens in the market. As to be honest I myself have been a victim. For example I bought a coin on an exchange site a few days ago for six cents. But now it's down so much that my $96 currently shows 50 cents. Which is really sad. However, the coin's market and supply were high and the coin's all-time high was quite good. Yet it went down so much that everyone lost their capital.
Also, when we invest our hard-earned capital in any token, we should have a good understanding of that token or coin. Or it can take us at any moment with the capital of our dreams and suffering. Moreover, trading should be done after knowing well about any coin or token. As a result our risk there is low and our experience will gradually increase. Moreover, to survive in the cryptocurrency market, we must learn about coins. Or lose 96 dollars like me and be disappointed and take extreme lessons. So it is not important to enter the crypto market but it is important to gain knowledge about tokens.
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That's quite a lost. Sorry about that dear.
We really need to research more before buying anything in the crypto Market.
It's so important to protect our valuable crypto. Thank
Posted Using LeoFinance Alpha