Of course, not all new projects are bad, but new projects are very prone to scams because during the pre-sale of tokens they could run away after collecting funds from investors. Therefore, it is very necessary to conduct in-depth research before investing in a new project and of course, you must be prepared for the risks that will be faced.
perhaps, it was a very usual issue that we experience in investing in new projects which is very alarming or discouraging people to invest in them.
If I invest in crypto, I'd never spend a lot of time digging and searching for legit new projects but directly go for known and potential coins already like BTC and ETH. Because it found out that even if we do research this won't guarantee safety, many projects have a good start but in the later part, they turn into scams.
Right. I agree with you that instead of investing in new projects that will not guarantee security, it is better to invest in coins that have been tested and have strong fundamentals. Moreover, lately, there are many bad new projects that offer good concepts but in the end, turn out to be scams.
Indeed, there are many new projects that turned to scam, investors who entrust their money after doing research are being victimized. Cases like this is no longer new as even you think that the asset have great potential but in the latter part of developement or most of the time it won't pushed that much and will completely scam away.
Many people think that the new project is a scam and there is no hope of getting big or profitable, people prefer old projects that already have a strong position in the market, but as traders we have to be able to read the opportunities, we can only get 10x even 100x profit in a year if we invest in new projects.
If you are a risk taker and you are willing to take your chance new project is the best place for you, investors who have a gambling mind into this business, most of the time they are the one who are lucky to ride along those new projects who pprovides great success.