How risky is Crashed Coin?

Crypto is a promising field. Everything is possible here. But to earn from this type of market, you must be alert and be strategic as well. Because you can profit from this market and become a fakir in a short period of time. As we all know, the crypto market is very volatile. So it is not so easy to profit from this market. This market is very risky and unpredictable. Everything is possible here.

Sometimes even good quality projects crash. There is a lot of evidence. As we witness one of these in the case of runes. which crashed massively. It suddenly crashed from $10 to $1. As a result, many investors were affected. Even this resulted in many investors losing absolutely everything when the owner cheated. Honestly, no one ever thought that the owners of this sensational coin would go bankrupt and such a powerful project would suddenly drop in price so much. But sadly it happened at that time. And due to all these reasons the investors suffered huge losses.

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So we can also learn from this that nothing can be completely trusted because sometimes powerful projects crash. Sometimes you will see some projects whose coins are not that strong or they are worthless but they sometimes do well. This is the specialty of this market and the cause of the problem for investors.

The biggest thing is that we have seen the price of Bitcoin go down a lot in the last two years and then the price of Bitcoin started to rise again in the market and starting from January last year till now we have seen the price of Bitcoin pump or dump by 5 to 10% every day and really such things are very normal in the market. We will find many examples of this. As another example, many of us may know that one of the strongest and largest exchanges was FTX. But it also crashed last time.

Although today I saw in a news that this exchange authority will refund all the customers with interest. This is a relief though as many investors suffered huge losses as a result of this FTX crash. However, what suddenly happened to such a large exchange site, surprised all the investors. Then not only was this effect limited to this exchange but the crash of FTX at that time affected the market badly and resulted in the crash of all crypto coins. Also, the same thing happened with Luna Coin, even the stablecoin was not safe. This means USDT is not safe. Something similar can happen with this.

However before we invest in such coins one thing we should think about is how much we can invest in those coins that crashed massively. Although investing in such coins is very risky but you must take that risk if you want to invest in them. But the amount to invest must be thought in advance. You can invest as much money as you will not have a problem if the money goes away but it should not be more than that.

Because sometimes when such coins suddenly return to their previous position, your small investment can lead to a huge profit. And if the upside goes down then hopefully it won't hurt as much if you can invest very little. So if you want to invest in these coins then I think you can invest very small amount. But of course that will be through your own judgment analysis and your own intelligence. Never be swayed by the words of many like me.