Post
Topic
Board Altcoin Discussion
Re: Not all new Projects are bad, So take the Risk
by
Y3shot
on 30/12/2023, 13:16:50 UTC
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.
Newbies have no knowledge to tell if a project is real or not, with new experience in crypto it won't be idea if their target should be on new project to invest because new project are unpredictable which many newbies will find it difficult to tell if a project is real or scam. It is better for newbies to go after recognized project for safety, by the time they might have gain good experience they can risk their money for new project.