With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.
I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project. When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.
1. So as a new trader, it is always important to do your own research before any Investment with any upcoming crypto project.
2. Invest what you can afford to lose
3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?
Apart from your explanation, I will add a little so that we all don't choose the wrong project to invest.
for example, if there is a project that promises greater profits for investors, then don't be easily swayed by that false promise, the solution is to ensure that you do research and analysis more quickly. therefore an offer from me to those of you who want profit, if you have a lot of capital you should invest in quality projects, both old and new projects. You can set aside your funds in coins such as ethereum, bitcoin or Binance