Quote from: Tony116 on November 06, 2022, 02:16:24 PM

Quote from: Lordsilvabtc on November 06, 2022, 03:52:03 AM

Quote from: jostorres on November 03, 2022, 09:20:50 PM

Quote from: StreakW on November 02, 2022, 05:36:38 PM

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Fraud is the only reason why I rarely ever invest into new projects. The topic says "not all" new projects but forgets to mention that "most" are bad. This means maybe we do not bat 100% at bad, but we are definitely doing 90% of them bad, and the remaining 10% have plenty of ones that will fail too, which leaves just the ones that will succeed at 1-5% chance at the very best.

I agree that not "all" of them are bad but with fraud being so rampant and easy there is absolutely no way that we could be easily investing into it. That's why we should be focusing a bit more towards known coins, and taking the risk for the new ones is not that easy at all.

Well on this issues, you and I will agree with each other that most people will only go based on their experience, and if I must be fair to you, I'd agreed that 80 or maybe 85% ends up scamming and become shit, but looking inwards you will realized that everything done in the trading circle is a risk on its own.

Now if we agreed that 90% are shit, then you need to do more research and see the numbers that ends up surviving over the years, so on this topic I really do think it has to do with every individual and what works for them, Most people are rekt because of greed and selfishness, they're always after 50 - 100X

In my own attempt, the only long term hold is the Bitcoin, Whatever I do in the market, Once I'm able to get 5 - 15 or 20x, I immediately take off and covert my asset to BTC. That's me, but I'm a serial Altcoin trader, and it's been working for me, but some times it won't really look good on us. But we keep going

Up to 80%-90% of new coins are scams but he forgot one thing the topcoins he is investing in now like sol, ADA, Atom were also new projects and people have already invested into them before it grows so he invest. And I also believe that up to 80% of the old projects after the end of this bear season will not be able to recover and reach the previous ATH. LTC, BCH, XRP... top coins but they never hit the old ATH. Investing in altcoins is inherently risky and there is no concept that an old project is safer than a new one.

Aside from Bitcoin, ETH and BNB that concept of your is true, there's no assurance that old project will bounce back to it's last ATH but if you are willing to gamble and take that big risk, who knows fate brings you luck and the market will favor you with those old or new assets that you choose, again, there's a big risk when investing to this type of volatile market, the only thing that will allow to grow is your own experienced with the current market.