My investment experience with ZK Swap token generation event.
Majority of the people belief that investing on coins at the time of presale or listing will help to earn decent profit. But it is a single side of story. The other side of story is that you may bear huge loss on your investment. That's why invest only those amount which you can afford to loose. In today's post I'll share my experience of my latest investment.
Friends, I had joined ZK Swap token generation event on 25th August. Token generation event is just like a pinksale event, which give you multiple benefits like 20% less price from the listing price. 25% extra token on your investment. Minting of free NFT if you spend 0.005 ETH.
I almost invested $88 in token generation event. I have managed to earn 219,000 ZF coins in my $88 investment. After claiming my token, I observed a big dip in price, when I tried to sell my token on swap. My token worth shrinked from $88 to $61. Things didn't stop here as the worth further down to $41. Drop in price has shrinked more than 55% of my initial investment. This is the common problem which crypto enthusiast face in their daily routine. It is a fact there is huge probability of loss if you act blindly.
ZK swap started dipping, when one of the big holders dumped their coins below their buying price. It creates FUD in market as a result people try to sell their coin to avoid further damage, as a result market observed further dip. Big holder manipulate the market first they sell coins at lower price and latter when huge dump observe in market they re-buy those coins at minimum price. I am in no mood of selling my coins at cheap price. So, I decide to stake my coins in order to earn more coins.
Listing of ZK Swap on centralized exchanges may give hype to its worth. Time to show patience and believe in project. This is the only thing we can do right now. What is your opinion my friends?
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
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Don't worry, AS time passes exchange listings, you will easily recover your loss with this amount of tokens.
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As the time is going on today all people are inside man but there is no need to worry, in the next few time when the market will go up then all people will get profit.
I also think it's better to stake it and earn more coins rather than selling it right now. Hopefully , the price of the token will increase with time and more developments from the project.
Normally whale manipulate to favor them.but the dip to time to buy more
https://twitter.com/LovingGirlHive/status/1697566350884089911
Will it definitely be a safe investment in the long run
https://twitter.com/lee19389/status/1697584498194489596
#hive #posh
Oh this is not a very happy state to be in.
The big investors might have entered at a lower price.
You may see some fresh investment when the big investors all exit and the price stabilizes
Big listings can help too.
Keep patience my friend
Thank for stopping and sharing your thought. Stay blessed.
It must have been a torrid sight seeing your token crashing from $88 to $41 . This is where the rule of staking wiwhat you can afford to lose applies in crypto . Thanks for sharing your experience with the ZK swap token.