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.
Of course investing in new projects is an opportunity to get a greater satisfying profit. However, to be able to find a good new project is not easy, especially now that fraudsters are doing various ways to get money from investors through the new projects they offer. Therefore, we must be observant in investing in new projects and must also be prepared with all the risks that will be faced later.
It is how it is today, This is why we have investors group that are investing on new project because the profit returns are too good if the project succeed and yes those groups knows the risk of investing early especially today that there are more scam projects than legit project that has a potential. If you are an investor, You need a good eye and ears on what project you are investing and of course the experience you have will impact the research you are doing in finding these kind of potential project. Let us keep reminding our selves that the higher the risk is the higher the reward, Not all projects are bad as long as you know what you are doing.