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.
Op you made a correct points from the explanation. Mostly when you go to the beginners and help board, you will see such threads that are warning newbies to stay clear from those projects and others. But to some extent it is good to be conscious about the new projects because you might not know their motive at the beginning. And as you said, that is not the truth. Last three years, a Ponzi scheme was launched and was doing well for about two good years and the third years, the company made and exit scam and ran away with people's money.
So the longevity and the shortened of a cryptocurrency is not the issue but the genuineness or the good intentions of the founders is the matters a lot and not the duration but if a project stay short and nobody funds were lost then that should be a good exit because there are many factors that can make a project to live short. But all project are determined to live long. Among the three the op mentioned the king of cryptocurrency is the best. It creates fear free mindset for the real users of the coin.