Quote from: Silberman on July 15, 2023, 06:05:50 PM

Quote from: umbara ardian on July 15, 2023, 11:35:39 AM

Many newbies worry about fraud and risks in the crypto space. The truth is that there are many crypto projects that are not trustworthy or even scam. It is important to choose your investments carefully and stay vigilant.

When investing in altcoins, it is important to understand the project, its technology, and its development team. Thorough and careful research is required before deciding to invest in any particular altcoin.

Reasonable budget allocation is a wise decision. Don't pour all your money into one altcoin or overinvest. To minimize risk, make sure you plan to diversify your investments and keep part of your profits in another asset.

I think that even more important than diversification is to only assign a very small amount of money to investing in those coins, so if for example we decide to keep 90% of our investment in very good assets which we know will perform well during the next bull run and that have been around for a long time and they are recognized by the community as solid assets, and we only invest 10% in new projects, even if we failed and lost everything 10% is an amount which can easily recovered by the rest of our investments.

Managing and allocating money to invest in coins properly will provide a profit,
investing in a new project is indeed more risky so investing it in a small amount of money I don't think it's a problem,
Of course, each has its own way of managing it.