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.
No matter how important the new or old project is, but what needs to be considered is the success rate of each existing project, all projects have different levels, if we can't learn this, then there will never be a chance to know a good project, I have never heard the project you mentioned and I still doubt it, you need to look further into the previous projects they have developed, whether the success rate can guarantee the investment that we make or vice versa.
This is a smart move for traders, it doesn't matter how important the project is new or old, to assess the level of success and have a good development in the future for the project, the most important thing we have to know the level of development and prospects for the project, not all new projects will develop and similarly with old projects, need analyst and knowledge to see all that, otherwise we will get stuck in project hype
Indeed, the pattern that must be developed by traders, is not a matter of new or old projects that are of particular concern, but nevertheless we must be able to understand the level of success of a project, by making analysis and binding references, the level of development will be seen after making a decision from the results and review, but most importantly don't get caught up in the hype.
With this analysis we will know the level of success of a project, analysis is very necessary in determining new or old projects, if we only rely on hype to choose projects, then we will experience big risks in the future, even if this continues to be forced, then the investment opportunities that we do will do nothing, therefore relying on hype is not a good choice in making decisions.
In theory investment is a way to get the maximum profit, by investing some money in any form, every investment must also have preparation, strategy, capital and analysis, this is very much needed to achieve the true meaning of investment, if this does not exist, then investment cannot be executed, a good investment is a way of seeing opportunities, where the conditions for buying coins must be at the right time, as well as when selling them.