Post
Topic
Board Speculation (Altcoins)
Re: Is it risky to invest in new crypto coins/tokens
by
Reatim
on 14/04/2023, 04:24:22 UTC
As a beginner it is not recommended to invest in new tokens or coins, it is very risky to lose. Instead of investing in new coins, it's better to invest in bitcoin or ethereum, it will be safer, no need to do more research. in the long term it is also very safe, but note that you really have to consider where you enter and where you exit.
I've found a lot of new coins that end up being scammed and abandoned, leaving their investors with nothing to gain, only losses left.
You are right. For newbies, they must stay away from investing in new coins/tokens. It is very difficult to find good new tokens/coins, most of them are just coins with weak fundamentals or made for scamming people. It is too risky for newbies to invest in these types of coins/tokens, they must focus on investing in trusted coins like BTC. If they want to invest in altcoins as well, they must choose top altcoins such as ETH, BNB, ADA, MATIC, SOL, or DOT.


But the sad part that i kept seeing here? newbies are those who are seeking for great return in easy way and that is why they keep chasing new project that they think has potential for them to become rich overnight lol.

they are careless in choosing project but sadness when they fail.

The risk is very high compared to investing in old coins. it takes a long time to decide if a new coin is worth holding as an investment, I prefer to invest in older coins that have seen a journey and survive all market situations. New coins are difficult to distinguish between genuine and counterfeit, meaning that if you put money into it, it is very risky to lose. from that there are many other risks as well as from new and old coins all of that makes no difference
and just like what greed keep saying , it is better to invest in high risk but there is high return  Angry  hope that people will set their mind in longer return than easy one.