Quote from: Epaper on November 23, 2023, 10:23:12 AM

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.

Understanding and evaluating risk is an important part of any investment, including in new crypto projects. It is true that new crypto projects carry a higher level of risk compared to established projects like Bitcoin, Ethereum or Binance Coin. New projects may not be fully tested and have higher uncertainties regarding technical feasibility, market adoption and long-term sustainability.

even a project like bitcoin still has its own risks albeit relatively lower than most

new projects might have the potential of becoming something more especially if improved
if you could identify a good project early on and have invested in it then you made the right choice
now the following steps to be taken are the most important will this project stay? If yes, well you could continue to hold but if you see indications of it failing then you should have exit strategies

to any investment, be it in established and well-known ones or newly launched ones,
you always need to be smart and strategic