I'll like to hear from y'all. What's your take, Investing on Presale or on coin already listed on exchanges?
Presales were only profitable to invest in in the early days of crypto, this is around 2014, 15, 16, 17 era of crypto.
This days and now, even majority of projects running presale of their tokens often over price the token or coin, which is why most of the time, we see that the moment a coin or token gets listed, the price immediately falls below the presale price because many of those who bought the asset on presale wants to sell, but there are not enough buys to ensure that the asset price climbs up, which explains one thing clearly, the asset was overpriced during the presale comparing it to the type of community they have gathered.
So for me personally, I've stopped buying or investing in projects during presale, I prefer to invest when the asset gets listed on the exchange, I don't mind even if I have to buy it at a slightly higher price, which is even very rare to see days. 99 percent of the projects I participated in their presale sold below the presale price immediately it was listed on exchanges.