SNEAK PEEK
- Mac, an education platform for crypto users via Twitter advised the users to not buy altcoins blindly as a method for short-term money.
- The biggest reason mentioned by Mac for not investing blindly is due to the infrastructure of the coin.
- Altcoins like doge coins are nothing different than stocks or bonds and thus, research is required.
Altcoins or Alternative Digital Coins like doge coins are nothing different than stocks or bonds and moreover, with the emerging awareness of digital currency, ample information is required. For the same, Mac, an education platform for crypto users via Twitter advised the users to not buy altcoins blindly as a method for short-term money.
don’t buy altcoins blindly
— Mac 🐺 (@MacnBTC) November 29, 2022
some bullish #crypto narratives I expect to make money short term 🧵
The platform has additionally also mentioned that digital coins and altcoins are widely considered highly speculative and volatile forms of investment. Therefore, it is crucial to conduct self-research in order to gain more insight into the altcoin one is interested to invest in.
The biggest reason mentioned by Mac for not investing blindly is due to the infrastructure of the coin, after the fall of SOL and AVA. It was also mentioned that APT had a failed launch with NEAR currently having pending unlocks making it difficult for investors to understand the graveness of the situation for investing in failed projects.
MAC, via the thread, also mentions various projects to keep a close eye on in order to invest such as BSC, FTM or Arbitrum for their specific money backing and token system. It was also mentioned that Binance launchpad projects have also resumed after months and their assets are growing stable by the day.
