Hey,
I'm writing this story so you don't buy shit coins! I only invested a couple hundred, but a loss is still a loss.
A couple months ago, I bought a coin called b3. It's a coin just like bitcoin, except faster transactions/lower fees, etc.
It was my first time buying from an exchange, so it was a learning experience. I didn't know what was meant by the "low price", "high price", "ask price" etc.
I also didn't know how to figure out if I was buying at a good price or not. It just sounded like a good investment and I was ready to make some money...
The coin has had almost 0 growth, there's about 0 support on the discord now, and there's 0 need to buy the b3 coin.
Here's 3 things you need to know about a coin BEFORE you invest:
Make sure they have team members listed on their website.
Make sure the coin has a definite purpose.
Make sure they have organic growth.
Of course these 3 things aren't needed, but the risk of the coin being a shit coin is significantly lower.
Thanks for reading. Happy New Year's!