I was just asked about what trash coins are, so I rewrote it to help everyone understand better. Basically, they are coins with extremely low value compared to Bitcoin or Ethereum. To get 1 Bitcoin now, you need tens of thousands of dollars, but trash coins? A few cents and you already own hundreds or even thousands of coins.



The good thing about them is that they are easy to acquire, low price makes it easy to FOMO when hearing stories about hot meme coins. People often think it’s easy to become a crypto billionaire, easy to swing trade because of rapid volatility. But in reality? Most trash coins are very hard to see significant price increases, easily used by whales as liquidity. Many projects have no long-term plan, and some are even scams. They only really spike when listed on major exchanges, and that’s also when the risks increase. Good luck to everyone!
COIN10.32%
BTC0.34%
ETH-0.71%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned