Are you afraid to invest in new coins check why you should not

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I know some people hate investing in shitcoin , because they believe shitcoin is a scam but I will tell you today not all shitcoin is a scam ,I first hate shitcoin too

However am here to tell you new some new coins Start with shitcoin but not every new coins is shitcoin because some new coins will start with zero holder,I know majority of new coins is shitcoin but I can help you know how to spot the different between real coins and shitcoin

If you want to trade real coins you need to follow this golden rules am about to tell you or your will lose your money

To reduce your cost in trading ,you need to start trading in bsc (binance) the transaction cost us like 0.20$ compare to eth that the cost us high I know the they have reduce the transaction cost but still high

For starting you need to invest like small amount,I don't know your pocket but five to ten dollars will be good,yes I know the return will be small but trust me if you invest with big amount you will loose your money,is good to start small and knows how the market is

You have to have a portfolio of 150$or200$ you have to keep it in mind you may loose all this money,if you loose the money that you won't be able to sleep at night ,I don't expect you to invest in new coins

Steps to take
Go to bscscan website ,look for bep-20 it may looks confusing at first but you don't need to worry it will looks clear,you need to look for the right bottom tbag says token and Don't forget to look for the grey why because this will tells you the coins is new, establishe coins already have their name ,you may be too late but you keep refreshing that page to show you new coins

After that if you have found a new coins ,you will need to open it in new tab and time for you to investigate,there are several quality you will looks for before you invest ,there are

holder
At the new Page you open you need to look for who holds most of the coins ,the biggest holder should be the liquidity pool,pancakeswap:coin name, they hold largest share of the coins and also dead wallet why is this important because it's reduce the possibility of ruggpull to zero and also watch the possibility of whales ,a new coins should have nothing less than 200 to 300 holders ,if you 10 holders that is red flay ,you need to abort the mission immediately

liquidity pool
Why is this important because if cut the sign of scammers and shitcoins ,you need to look for the account of liquidity pools nothing less than $30k or more ,and also a lock liquidity pools is also important ,at least 3 to 6 months lock liquidity pools

volume
Why are you doing all this is it not to loose your money that is why you need to look at the transaction on the coins , remember I said if you see 5 to 10 holder you need to abort the mission immediately,also if you 2 to 3 hour transaction is not good to invest because a real coins should have 5 to 10 minutes time transaction or you may bookmark the coins because you may be too early to the coins ,you may come back and check it and see the transaction

website and social network
A good coins must have website and also Twitter and Facebook account ,if it doesn't have all this ,you don't need to doubt it may be it's a scam or not ,abort the mission immediately,if it have reddit , YouTube and other social network make it additional boost for you to invest in it

coins name and design
You may think this is not important but it is ,a good name of a coins may attract more people to invest in the coins and also the logo ,if you see logo you have see so many times ,you need to abort investing in the coins

And also if the team behind the coins publicity announce their self may be through YouTube or any live stream ,it good to invest in the coins because this will reduce the possibility of scammers because it hard for a scammer to show their face

If any coins you want to invest lack all the quality I have mention above , please don't stress it , don't invest in the mission because even if it's has all this ,it may still fails it just reduce your risk of been scam in the market

I hope am able to help in one or two ways with my post ,thanks for reading and don't forget to comment If you have any questions

Posted Using LeoFinance Beta



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