- Product was not ready: That project looks promising but their product was still in development mode. I made a huge sum of investment but the price of the token keeps falling because no utility exists by then. Lose 90% of my portfolio.
- Lesson: Do not invest in a token that doesn't have any utility or whose product is not ready.
- Product was ready but token doesn't have utility: Another project where I am still 50% down. This project is already live and they have a big community but right now their token doesn't have any proper utility so investors keep selling their unlocked token.
- Lesson: Wait for the team to implement any proper utility so that market has demand for that token.
These three list is kinda tricky, most profit came from early investors where products and utility aren't available yet. This goes down to how competent is the developer, and your investment plan, may it short, medium or long-term. So whether to jump into an investment one must identify if he is into a short or medium or long-term investment. If you are into short to medium term, skip this kind of investment, you might find yourself in a difficult situation if you invest in projects where the utility or product isn't implemented yet.
Investing early might be very risky but if the developer is competent and reliable enough to deliver the roadmap and market it with a success, then this kind of investment might give you more than what you expected while investing when all the roadmap is implemented might be a little too late to take a good profit from it.