Post
Topic
Board Speculation (Altcoins)
Re: Is it risky to invest in new crypto coins/tokens
by
Yuhee
on 15/04/2023, 16:22:13 UTC
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
It doesn't just take time, it also takes effort as well which is the hardest part. I believe that we shouldn't really be spending that much time and effort on something that is so risky and potentially not even going to end up getting us any profit at all. I understand that some people would still rather do that, but that is not what we are going to end up seeing or living in the near future at all.

I personally need to focus on how we could do something that would be better, and in order to do that we shouldn't really live like this at all, we should try to focus on something that would be a lot better which are the top coins. They are at the top for a reason, it is not going to be dropping anytime soon, so they would be better.