Quote from: yohananaomi on Today at 06:21:51 AM

Quote from: Boomber on August 11, 2023, 10:45:52 PM

an easy way to avoid scam projects is that you just don't need to invest in new projects and only invest in old and popular projects, because most new projects will be easier to scam than old projects, therefore it's better for you to invest in the top 5 cryptocurrency, so you can avoid scam projects, because I believe Bitcoin, Ethereum and Binance are very good projects for a long-term investments and the chances are very small for the project to be scam (even I think its impossible).

a very wise message that you have done, because it is a situation like today that has not really recovered, of course, you must always analyze carefully every time you want to make an investment, because there could be a wrong step that will actually be detrimental.
Actually, not all new projects are confirmed to be scams, but there are indeed more like you said.
so you really need to be careful to check well before deciding on a new project.
In fact, I totally agree at a time like this, it's better to invest in the best-ranked coins on CMC, because it's clear that they have great potential so far.
I am as sure as you are, that the reputation of BTC, ETH, BNB is definitely the best, it's true that there is no way they will SCAM, all also admit that and many still continue to be investors for them.

Relying on well-established coins like BTC, ETH, and BNB without taking into account the potential growth in the unexplored cryptos. Although these titans have solidified their reputation, don't forget how BTC was once derided as "magic internet money." Time and tide do not wait for money

Its simple to repeat the prevailing wisdom. breaking new ground is more challenging. While I agree that it is prudent to exercise caution in a volatile market, it is a limited viewpoint to write off new initiatives completely since some of them turned out to be frauds. True investors evaluate possibilities rather than getting caught up in the security of the known. Take a deep breath, question the norm, and then make a choice