Quote from: molsewid on January 06, 2023, 08:37:23 PM

Quote from: Jentle on January 03, 2023, 04:56:02 AM

Often as a newbie, when you see a new project you are tempted to invest in it. Why I agree that not all new projects are scam, always ensure that you do your own research before putting your hard earn money into a project, otherwise you will wake up to discover that the devs have disappeared with your money.

I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.

So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.

Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.

Honestly, with this market situation I would not like to invest in new projects. Not all projects now can withstand the market, it will be very hard for me to trust projects now not unless the team members are visible to the world I mean they are not hiding with fake names, proven works, having a good knowledge not only in Dev, crypto but also have a good strategic planning when times get bad again. I don't invest to those projects that get only hyped because of influencers, I am looking for a long term one.

And this is the right thing to do, while I am not a fan of investing in so many coins during a bull market, I can in a way understand if someone wants to take a risk under those circumstances as almost everything is going up at the time, but during a bear market taking such a risk is simply unacceptable, I suppose the ones that are wiling to take the risk at this time are either too greedy or they really need to make some extra money, and they see in those altcoins a path in which they can somehow reach this goal.