Quote from: MinMan on March 12, 2023, 07:14:02 PM

Quote from: Epaper on March 11, 2023, 05:33:19 PM

Quote from: DefiDOG91 on November 25, 2022, 04:29:45 PM

I agree, not all the projects are bad. It's about analyzing the projects and make sure they are transparent about their operation. I have staked BUSD in MYSTFinance for about 30 days now and been earning a solid 0.5% daily without any issues. Not promoting them and always #DYOR but just sharing a project I strongly feel about.

Of course, not all new projects are bad. but to be able to analyze projects and make sure they are transparent is very difficult because recently there have been many new projects offering good concepts and creating teams that appear to be transparent but in the end, they disappear after getting money from investors.

You got a point there buddy but I think all we can do to minimize those risks is to carefully monitor your new projects not only their price but everything that is related to them so that you can save something just in case the worse is going to occur.

It does not mean that researching is now bad but of course it was still a must to separate the bad from the good. Not all new projects are bad but it doesn't mean that we are now going to go for them. It will still be better to prioritize or stick only on the old projects preferably Bitcoin but if you are an altcoin lover, it must be Ethereum even though some people seem to have a problem with this coin.

If you have some decent amount to spare with a new project, that's still considerable, we don't really know what fate is on us when we research and try to sort those new project and decided to invest our money, the best way is always place spare amount that you are willing to risk, whatever happen to your investment you will not be affected that much.

You can simply move on and try to explore to find assets that will bring you a decent amount of profits.