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.
One of the risks of investing in a new project is fraud or project failure. Several new projects have been shown to be fraudulent schemes, and others have failed to develop or maintain. The example you mentioned about OKS CHAIN is one example where a project that is more than 2 years old ends up being a scam. Therefore, before investing in a new crypto project, it is important to do thorough research on the project. It is important to remember that every investment carries risks, and there are no guarantees of success. The experiences you mention of benefiting from some new projects are positive, but not a guarantee that the same will happen in the future. It's also important not to ignore the risks associated with a new project.