Quote from: podluznyj on Today at 08:34:34 PM

Quote from: Lordsilvabtc on October 10, 2022, 05:12:57 PM

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.

of course, not all new projects are bad, I think that there is a project for today that is not bad, for example, a combo project seems to be promising for today, I myself am already participating in the third round, let's see how it ends, so the project seems to be normal, but in principle there are enough projects for today worth checking out and participating and investing

There's always a hidden gem or project which is really that something that worth to invest on but choosing on which one would be the toughest challenge of all if we do look around on how many projects launching on

everyday then choosing one on which you could go all in is hard. This is why lots of people are still that really that a fan on engaging into investing into projects despite on having no utility or having that solid background specially with meme coins on which it is really just that right to assume out that it could make you a millionaire if you have just invested on the bottom and been pumped out by some whale
or it had been created with some hype.

Its up to you on what would be you decision when it comes on investing because if you wont take up that risks then you wont really be having the chance on getting rich.
It is really just you would be needing that risks management most of the time.