Have you ever bought a coin immediately it's listed on an exchange?

[Shaf]

Whenever a coin is listed on a cryptocurrency exchange, the price pumps, sometimes to unimaginable levels. Some people buy at this point while others wait to buy it when it dumps.

Listing on the more popular ones like Binance and Coinbase especially are known to be accompanied by huge pumps.
Over time, you will learn that buying such coins at the time of listing is a sure recipe for disaster as the price can dump badly after that.

But newbies usually fall for it especially when you can see the price pumping 1000% or more and end up with losses. Sometimes though, the price will pump and keep pumping like the recently launched Bored Ape Yacht Club token and GMT tokens on Binance.

Have you ever bought a new coin in listing and what was the outcome for you?

 

[Mika]

If you want to take the risk of investing in new coins, you should probably buy before the coins are listed in the popular exchanges. When you buy coins that are not listed in major exchanges, you can see them grow massively when they are listed on popular exchanges. However, sometimes these new coins never get listed on popular exchanges or might tak a really long time, probably 2-3 years before it is listed. Do you have that kind of patience? If you do not want to take the risk of investing before the coin gets listed on popular exchanges, you might want to buy as son as it is listed on exchanges. The price does grow right after getting listed, and if you buy early on, you can benefit because the coin will continue to gain value because the coin will gain attention of a lot of investors. If you are very watchful with the market, you can see that at a certain point, the value stops gaining, this is the time to take the decision to sell your coin and move on with another currency. However, a lot of investors also try to invest with long term straegy.