hello everyone i want to ask that investing in new projects has worth or not because to many scams projects now a days and i am afraid of losing money.
Honestly, it is difficult to decide whether the new projects are worthy or not because it needs deep analysis and research on the project itself. Not only about the promise from the team about the future of the project, but also analysing their team, use case, clear and convincing roadmap, exchanges to list, mechanism, and other factors.
Personally, I will only invest in new projects that do launchpads in the reputable and top exchanges. I have several times invested in project launchpad in Binance, but I am not the person who is holding the coins for the long term. I will take profits as soon as possible if this has reached the target or has reached a certain price increase.
i wanna invest in octafarm.fi and this project looks really amazing and unique and the team looks professional
I ma not sure whether this new project is really convincing or not, scam or not.
The only one that may be interesting is their feature of BuyBack service. This coin will be also listed on PancakeSwap as other new projects are also commonly listed firstly there.
Well, if you are a high-risk taker that is ready for the risk of losing money, just do it. But if you have some worries, just leave it, and better to invest in top coins or coins with a high cap. Once more, only invest the amount that you can afford to lose.