Quote from: FireDAOJackie_Z on Today at 07:58:49 AM

Quote from: Xal0lex on April 23, 2023, 04:38:26 PM

Quote from: doomloop on April 23, 2023, 12:14:03 PM

...if a token is new, it's better to avoid it, but if it's old, a bit of research before the investment should do well.

No, no, and no again. Why is there such a common misconception in the community that new tokens should be avoided? Why? Where does this misconception come from? Do you realize that you're setting yourself up to wait for the token to make a major profit, to grow a hundredfold, and that will look like a signal to you that it's time to get in there? Really? Have you ever seen big investors or funds do that? When you buy yourself a shirt in a store, do you also look not for new shirts, but for ones that have been worn for a few years so you can definitely buy that particular shirt? Once upon a time, coins like ETH, BNB, DOGE were new too, and all those who maintained the same mindset as you did deprived themselves of the opportunity to change their lives in a cool way for the better.

Agreed. Trying to avoid new tokens is actually killing the meaning of investment. Why would the perfect thing happen to everyone if there is something that involves lower risk and higher return ? When Bitcoin came out more than a decade ago, even the buyers at the time would not think anything huge at the time, probably they just randomly found this name was fun and threw a dozen bucks to buy in. The only question about new tokens is how to make optimal choices within reasonable research or critical thinking.

I don't agree that it kills the point of investing, because investing doesn't imply that you have to be an early adopter. Rather, it kills the point of venture capital investing, where the investor invests at the earliest stage of project development in order to maximize returns. Venture capitalists are the most profitable investors in the investing category for the reason that they buy coins at the lowest prices and get the maximum profits, while exposing themselves to minimal risk because the project does not always fall below the price at which they bought the coins.