Be cautious of those who recommend new cryptocurrencies to you. For example, someone might suggest you buy a project with fewer than 2,000 holders, only 4 months of operation, and less than 100k in liquidity, while ignoring another project that has been stable for 12 months, has 30,000 holders, and 500k in liquidity. Such recommendation logic is not based on technical analysis at all, but rather on other motives. For investors, following such advice carries great risks. To survive long-term in the crypto space, you need to learn how to discern the true intentions behind recommendations.
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Be cautious of those who recommend new cryptocurrencies to you. For example, someone might suggest you buy a project with fewer than 2,000 holders, only 4 months of operation, and less than 100k in liquidity, while ignoring another project that has been stable for 12 months, has 30,000 holders, and 500k in liquidity. Such recommendation logic is not based on technical analysis at all, but rather on other motives. For investors, following such advice carries great risks. To survive long-term in the crypto space, you need to learn how to discern the true intentions behind recommendations.