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Can the project party swap cryptocurrencies?
For example: G, POL, LUMIA, KAIA, STRAX, QUICK, PDA, SLF, and so on.
First, answer carefully.
This kind of coin must not be held for a long time, and should be sold according to the trend.
I didn't say you can't make money playing this kind of coin.
But playing this kind of currency is inherently unfair.
For example, the three previous artificial intelligence tokens have been changed to FET, render has been changed to rndr, MC has been changed to beamx.
Why change coins.
My conclusion is that the project party has sold out the coin. They will not make a profit from buying coins and operating swing trading, and they do not have much more advantage than retail investors.
But this coin has caught up with the hot spot, the market sentiment is very good, it looks like a rise, but didn't make any money. Too greedy.
So, they came up with a plan. They exchanged all the coins and reserved a portion for themselves.
They know the speculative value of these things. So they sell as soon as the price pumps for the project party.
The more retail investors sell, the faster they are played for suckers. When they see such a big drop, they continue to pump and sell. After a while, there will be no one entering the market, and the project party will replace it and continue to play. Retail investors have no chance to play in this.
There were once two coins, quantum chain and Antshares, after the Antshares project sold out the coins, it found a sharp rise, directly rising 800 times.
Then the project party saw that the trend was so good, so they continued to develop a product based on Antshares and continued to sell it. This time, they didn't sell all of them.
I still don't understand why retail investors would buy these coins, especially a large portion of them are willing to hold them long-term without selling, even when it's a bull run or when they rise, even if it's 30 times. They just hold on tightly, it's really helpless.
Then back to the starting point. And then sell it. Can hold altcoin, why can't hold btc
Operating in this way has nothing to do with making money in the crypto world. Avoid it.