Post
Topic
Board Altcoin Discussion
Re: Should newbies Invest in new Projects
by
wxa7115
on 20/05/2022, 16:49:23 UTC
I think there is nothing wrong if a beginner invests in a new project, especially if the project has great potential, even the opportunity to get hundreds of times profits is very large, but you need to know that new projects have a very high risk compared to other projects. old projects and those that already have a high market capitalization, it's best to do an in-depth analysis when selecting a new project.
But this is the question how are going those newbies to identify a good project when we have tens of thousands of coins in the market, they simply do not have the knowledge about how to do this, and even many experimented investors in this market have a very high failure rate which means that newbies cannot even hope to do better than them.

So I really think that newbies should concentrate themselves instead on investing in some of the best coins in the market, and only once they have more experience and they have demonstrated their ability to make money with those safer coins then they could invest in new projects.