Quote from: AakZaki on October 04, 2022, 08:09:36 PM

Quote from: Hypnosis00 on September 29, 2022, 10:59:52 PM

In this situation, we are supposed to be more practical in choosing coins to invest with and hold. Keeping new projects is totally risky and we are not even sure they will survive this bear market. But as we are buying the leading coins in the market, it is pretty to have the assurance that this will grow and recover after this bear season. And the good thing is that we no longer spend and waste time digging for legit projects (new) and not even sure if this will give us a passive income or end up scamming.

bear markets provide many opportunities so there is no need to research too deep for a new project or just choose altcoins that are already trusted. Maintaining a new project will indeed provide a big risk until it is useless and becomes waste, but I have also said that only use a little money for the allocation of new projects, because if the project is successful then we will benefit many times over, but if it only becomes garbage Of course it's a risk that must be accepted.

Investing in new projects is not a bad thing but we are in a bear market so it is not advisable. Everyone knows that the bear market full of scam projects will disappear so no one wants to invest in new projects but majority will focus on top coins to reduce risk, so if investing in new projects at this time, the possibility of loss is more than profit.

The project that OP took as an example: it can be said that it is a 100% scam project with an APY up to 4000%, projects like this are trying to hit people's greed to cheat so stay away from these projects like this.