Post
Topic
Board Altcoin Discussion
Re: New coins bring a lot of big profits
by
ultrloa
on 21/06/2022, 22:04:35 UTC
What are your goals when investing in new coins? Did you get a huge profit from the new coins? Can you recommend a new coin worth investing besides LUNA?
New projects are just a waste of time and money since most of them end up in scams and that there's no way you can expect decent profits from them. Instead, invest in bitcoin and ethereum, you will never face huge losses as long as you never intend to sell them when prices are dropping. Although there are some coins that are unexpectedly increasing their prices, but be careful as they might be hyped and that everything will fall down once the hype is gone.

New project gives bad perspective about gaining huge wealth more faster and sometimes they ignore the risk about scam then invest on many random new created new tokens around and then suddenly huge scam happen to them. Hopefully the incidents about what happen before to old investors is already enough basis for people not to risk any huge amount for long term on investing on new because sometimes those ones are created for pump and dump schemes.