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 CheckDot. Their token sale starts this weekend 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.
I think investing in new projects from their IDO or should I say startup sale is very risky, I personally do not invest except the price of the token is very cheap and the project is very promising too, project being very promising isnt enough reason for me to buy them at start, I've seen many great projects go below their startup price immediately they got listed on an exchange, so I prefer to wait for it to get listed, then I buy from the exchange.
Like the startup I invested in last, I bought them at a really early stage when the tokens were sold at 0.008 per token, today, they are still in startup sale and a token now going for 0.034, so, even if price is going to drop when they get listed, it might never go below 0.008, so if I decide to sale at listing, I will sale for profit rather than lose.