Post
Topic
Board Altcoin Discussion
Re: Is it risky to invest in new crytpo coin/tokens???
by
sgenuine
on 18/08/2021, 06:56:20 UTC
-snip-
If you choose a new coin without doing an analysis, it will be very risky, minimize the risk by looking at project details such as the number of tokens locked in the liquidity pool (TVL) and seeing the progress of the project over several weeks, if the project goes according to plan, then invest and use a good scenario, choose the selling price you want and always look for information requests about the project. this will make you always feel comfortable with the investment you choose to avoid big losses

I absolutely agree with you that we should do careful research before investing our money. Apart from investigating tokenomics that you have described, you should also look through web-site and social media. Do an overview of team members and partners. Also it is good to understand the smart-contract of the token, it will decrease risks significantly.