I remember, last year BCNEX was a new platform that was predicted to be big in the future and many people started buying tokens from the platform, even one of my friends bought a bcnx token for around $ 1,000 but apparently until now the platform looked scam. so if the possibility of a 99% scam why do you still want to invest in a new platform? better investment in a well-known platform token
yeah right
even if you are risking your funds investing it in some new exchange - try to minimize the losses.
In this particular example your friend should've invested (for instance) $100 in 10 different exchanges and if he was very confident about bcnex he should've invested like $150, not $1k
but anyway, we make mistakes - we gather experience