Hello everyone, my question is: how often do you invest in new and young projects? Aren't you afraid of losing money if the project closes?
I want to invest in a promising project called Yearnlab. Their token sale starts on 7th Dec and I think this is a good opportunity to successfully invest money.
Share your thoughts on such an investment. Maybe you have some interesting cases on this matter.
If you have investigated this project and you trust it, you should invest. But don't forget to comply with risk-management. Never invest money that you can't afford to lose. Even if you believe in this project and think that it has a good potential, there are still risks that it will not pump from the very beginning so in order not to be in big losses, don't invest too much.
More precisely, use cold money for investment because after all we don't know whether the project is really promising or vice versa,
There is always a risk and we have to think about the risk too.
What is clear is that you will continue to follow the progress of the project
That’s right. When investing in new or in any projects, even with the feasibility of having the potential for booming, there still risk in doing such. So, before proceeding to invest, the project must be studied, monitored and assessed to be able to make an educated decision. And of course, it is crucial to follow the project’s progress up until it get officially listed for exchange.