Post
Topic
Board Altcoin Discussion
Re: New exchanges worth my money????
by
abel1337
on 16/05/2020, 12:17:02 UTC
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

The risk is high investing in new platform, especially if they go scam, you will lose all your money.
Investing in a new platform is okay if you understand the risk, since you'll never put all your investment in one basket, just like what you friend did, he invested heavily in BCNEX and in the end it failed, sometimes we need to control our urge and be smart by spreading our investment on high risk assets.
Investment is hard nowadays knowing that it is easy to scam people with real projects. Build a realistic project then offer a crowd sale after that make a good promotion that markets a good return to investors then wait. It's not an easy process but an effective way to scam and many scammers did it that way.  It's better today to find a project who's partnered with a reputable platform, It reduced the risk of being scammed, It's also the same way on how IEO works.