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Cryptocurrency discussions / Re: Old coin or new coin which will be better? 2024
« Last post by yohananaomi on Today at 06:56:25 AM »Sometimes, many people speculate by looking for coins that can give surprises and quite a few also try meme coins because the prices are very cheap, so you can buy quite a lot and if there is a surprise, you will get a sensation from the results.Old coins are relatively stable compared to new coins. If one in considering about long term investment then old coins would be a better option. There is also less risk in stable coins compared to new coins.Yes, but sometimes old coin doesn't give profits as the way investor could want because they are already established in the market so investors always looking out for those coin that could give them possible x in returns that is why people always go for some hype coin, such as memecoin or any other coin that gains people attentions on twitter or social media.
For long projection it's good to invest on old coin while for short term new coin is the option to start with and must be active smart to take profits.
But sometimes people like you say, because they usually already know every crypto don't market movement, so they are able to do accurate analysis and that's because of the familiarity factor, and for others, they might not dare to do that.