Post
Topic
Board Altcoin Discussion
Re: Just my one cent advice
by
seleme
on 22/07/2022, 21:49:22 UTC
Anyone noticing new projects still raising millions of dollars? Mohash and Dynamic for example, I think new projects will replace lots of top altcoins in coming years and my advice to young investors is to find new projects to mix with their portfolio, remember that Matic, Polkadot, Avalnache are once all new projects in 2018/2019..
And let the newbies know too that there is more risk in new projects than old projects since they mostly developed from greed and selfish desires of their very own developers. That is why a lot of new projects these days end up as scams and some suddenly lose their value because they were not able to meet the market demand. Although not all new projects have the same fate, but it’s always good to take caution first before you end with regrets since you have invested in the wrong projects.
I agree, especially developers create new useless projects for making more money. Greedy teams don't even think about market conditions and they look for investors in the bear market. Risks are incredibly higher on new coins, so newbies should stick to top altcoins.