Post
Topic
Board Altcoin Discussion
Re: Not all new Projects are bad, So take the Risk
by
StreakW
on 07/06/2023, 13:53:21 UTC
It's true that not all new projects are bad, but before investing in new projects, we really need in-depth analysis so that we don't get caught up in fraudulent projects that make us lose. But a good project that lasts in the long run is one that has strong fundamentals and has good utility and the team always solves the problems at hand.
I agree with you and sometimes some people don't think long when investing in a new project,
always consider the risk to minimize it by conducting in-depth research and analysis,
be careful before investing in any project
Right. People should know that cryptocurrencies have high price fluctuations so that apart from having big profits they also have big risks too. Likewise in investing in new projects if we don't do in-depth research then we will be trapped in fraudulent projects which will eventually suffer losses.

Every beginner should know this so that they won't get lost in the path that they are taking, I mean it's normal to have losses especially if you're just a beginner in the world of cryptocurrency but it is always much better if we have enough knowledge about the things we're investing rather than riding the hype just because the crowd is clinging to it. Remember that being a different is not always wrong especially if you know what you're doing.
Correct. indeed for a beginner there are many losses when investing in crypto currency because in general they do not have sufficient knowledge. Most beginners invest in cryptocurrency based on invitations from friends who only provide an understanding of the benefits but do not explain that investing in cryptocurrency is not only profitable but also has big risks.