What are the risks of investing in degen crypto?

3 answers

• Nov 26, 2021 · 3 years ago
  Investing in degen crypto can be highly risky due to the volatile nature of the market. Prices can fluctuate dramatically within a short period of time, leading to potential losses for investors. It's important to be prepared for the possibility of losing a significant portion of your investment. Additionally, degen crypto projects often lack regulation and oversight, making them more susceptible to scams and fraudulent activities. Investors should exercise caution and thoroughly research any project before investing their money.
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• Nov 26, 2021 · 3 years ago
  Degen crypto investments are like riding a roller coaster. The prices can skyrocket one day and crash the next. It's not for the faint-hearted! You need to have a strong stomach and be willing to take on high levels of risk. It's also important to be aware of the potential for market manipulation and pump-and-dump schemes in the degen crypto space. Stay informed, set realistic expectations, and never invest more than you can afford to lose.
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• Nov 26, 2021 · 3 years ago
  Investing in degen crypto carries significant risks, but it can also offer high rewards. As an investor, you need to be aware of the potential for extreme price volatility, market manipulation, and scams. It's crucial to do your due diligence and research the project thoroughly before investing. Look for projects with a strong team, solid fundamentals, and a clear roadmap. Diversify your portfolio and never invest more than you can afford to lose. Remember, the crypto market is highly speculative, and there are no guarantees of returns.
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