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.

Investing in new projects does have a greater chance of profit than investing in old coins that have been registered.
However, the risk involved is even greater than the opportunity for profit.
Even more so when investing in a new project because we only get advice from a friend without us doing proper research and analysis on the project.
Indeed, I admit that of the many new projects that are being launched, there are several projects that indeed have hidden treasures in them. But to be able to find which projects have such potential is very difficult and the opportunities are so small, it's like looking for a needle in a haystack.