Post
Topic
Board Speculation (Altcoins)
Re: Is it risky to invest in new crypto coins/tokens
by
$crypto$
on 17/04/2023, 20:29:47 UTC
~snip~
The sad part becomes a lesson for others not to feel the same problem. Those beginners who are just looking for big profits from new projects and want to get rich instantly just overnight, will have more potential to experience more losses. Many new projects emerged, but only a few projects were successful. It's like looking for a needle in a haystack, you won't see it if you don't do a good analysis. Don't just rely on feeling because it won't affect the final result.
Even if beginners cannot analyze new projects, it is better to avoid this kind of thing because the risk of losing the invested funds is very large, it is very difficult to determine which projects are good because at the beginning new projects are always promising but in the end they fail when the token has entered the stock exchange more more waste than profit.

There is no way to get rich instantly overnight because it's too much to have that kind of thinking and they always ignore the risk, only to regret it in the end after losing money on a new project.