Quote from: Angry_Kitty on July 15, 2022, 09:18:20 PM

Quote from: fuguebtc on July 15, 2022, 03:59:49 PM

Quote from: Tamedbeast on July 15, 2022, 06:11:35 AM

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

New projects can bring huge profits even x1000, but to find it is not easy, I would say that it is almost impossible, finding the gem is like predicting the bitcoin price tomorrow. Secondly, if you invest in a new project that may have a 1000% return, you may also receive a 1000% risk return. So think carefully before deciding.
One more thing, you can ask the person who told you these things, did they make a lot of money from new projects or did they just hear from other people.

Old projects are overvalued and that is why many people are lookind for new and prospective projects. But the most important to evaluate the potential of the project to understand how useful it will be in the future like this https://my.ebinity.com/en/register

If you think old coins are overvalued then this is your chance to buy them cheap, now potential old coins have also lost more than 80% of their value compared to their ATH. On the other hand, old projects have proven that they are good and can still grow in one bear season, are resilient and achieve new ATH in the next bear season. I believe altcoins that survive the bear season will have new ATHs in the next bull season. For new projects too risky to start without any prior trust.