Post
Topic
Board Altcoin Discussion
Re: Should I invest in new projects?
by
rozak
on 12/03/2022, 19:15:48 UTC
New projects are high risk be careful with it. Search and analyze projects, read their whitepaper, their promise, competitors, the team, tokenomic. If that information convinces you, trust your vision and begin to enter little by little.
Even if a project passes all your filters it is important to be careful about it, scammers are becoming more and more skilled as time passes and they are able to create projects that look no different than legitimate projects, with the difference they never had the intention of developing anything and then as soon as they get some money they will disappear with it, so it is important to have our reservations about investing in new coins, and if possible to avoid them completely.
Such projects usually only generate sales and are then listed on the exchange. after that only 1 or 2 updates were done. once they can make a profit secretly selling their tokens on the exchange then disappearing.
there will be no future developments or updates. even the first year after the project resulted in sales. they can just disappear.