Quote from: Blitzboy on Today at 02:58:51 AM

Quote from: Coinworld.story on June 14, 2023, 11:11:08 AM

When you want to invest in a new project, you should first know how the project is, what the future plans are for the project, and most importantly, who is behind it and who is working on the project. Because as we all know, new projects are potentially fraudulent, and new altcoin prices are very easy to manipulate! so don't be surprised if the price of a new altcoin will rise quickly, but in a very short time, a drastic price drop can occur.

Indeed investing in altcoins that are clearer will be lower risk, just like investing in BTC ETH, and BNB this might be the best investment choice for now. But that doesn't mean that the risks experienced will be smaller, because as we know, crypto prices can go up and down drastically.

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It all depends on how you take into account your finances before investing because this is very important how you can minimize the risk of further loss.

The foundation of any sound investment strategy rests on understanding the project, the team behind it, and their roadmap. But are we not missing a critical component - market sentiment and volume analysis?

The fear of new projects being scams is absolutely valid. Altcoins come and go like shooting stars! They rise to astronomical heights and then plummet into oblivion. Why is that? Is it not the reckless speculation and pump-and-dump schemes that wreak havoc?

You advocate for investing in safer options like BTC, ETH, and BNB. A good advice, no doubt! But isnt it a bit conservative? Crypto market is not for the faint-hearted, right? Do we not thrive on the thrill of volatility, the promise of high risk and high reward?

Even so, in my thoughts for now, wouldn't it be better to continue to be in something that continues to be conservative if it is indeed compared to something that seems to be looking for death for oneself.
Maybe for some people there is no challenge because we will just stay in our own comfort zone, but on the other hand, of course this is also better when compared to us who keep looking by paying attention to all the countless new projects and just being at the point. where we just keep fixating on reading the roadmap and the people behind it which of course will take a long time.
I still have a condition where I am more comfortable with what you would call conservative even though there are still risks involved but it is still better than having to sit and read and research a new project that exists and come up with nothing but an initial concept with pumps and dumps those who even that is also just a hope.