I came across a post where an advise was ditch out
for newbies like myself not to get involved in new projects,
due to the risk that follows.
But with all honestly, Some project with 3 to 7 months old have one time becomes Scam, Good example is OKS CHAIN. The project was over 2 years old, yet end up being scam, as the CEO and other dev cart away with so much money. And abandoned the project.
My experience tells me that everything involves around crypto project, Is about risk, except for the president of them all ( Bitcoin ), The vice ( Ethereum ) and the child ( Binance ). Investing in any of these 3 gives risk free system. As they say experience is the best teacher in life.
So i strongly disagreed with the term of " do not invest in a brand new project " to be risk free. A lot of new project has yielded x50
of my investment to me most of the time, What i usually do, Once they're up, i take off with my investment and interest. This is my experiences.
And i strongly believes by doing this, Will yield high success to everyone and also helps you to minimize the risk of lossing all your funds.
Agree with your point in general. Not all new projects are bad, so we'd better take the risk for profit. The question lies in how much risk you can take and whether you are willing to take it. If you do your own research on any new project and make a judgement that the project is going to be fine, at least for a while, then you are encouraged to invest in it and wait for the best outcome. Even if something bad happens and you are doomed to lose money, then learn the lesson and move on. However, if the risk is too much for you or anybody, being impulsive to invest is like committing suicide. Nobody should ever let emotions dictate their action. I am clear on this point and don't hesitate to invest if I find a new project that seems reliable.