Quote from: Kelward on March 04, 2024, 03:05:27 PM

Quote from: Essential10 on March 02, 2024, 07:25:21 AM

I've heard of the tokens you mentioned but I haven't dabbled much with tokens. How these tokens develop and whether the rush can live up to their potential in the future, I think is the biggest challenge. Many projects are creating hype in the current market. Even after listing on top exchanges, projects are scamming, many are heard of falling prey to scams. At present I think it is very risky to invest in new projects, projects are waiting for different opportunities in the market how to loot money from customers. I think it's best to invest in top 10-15 coins where risk potential is very low.

If I'm not thinking within the range of the top 10 cryptos, then it's probably not for me, I'm personally quite skeptical about new projects, despite how they can be profitable on the short term and give many times ROI, investing in them is simply gamble, because there are more scam projects than legit. Although if any investor is able to take the risks, then let them research well and invest, if they get into a good one, then it'll be good profits for them. Tokens being listed on top reputable exchanges are not a guarantee that they'll be potential assets to hold on the long term, I'm just saying.

I agree, the top names are the ones for me and I agree that it makes the most sense as well. I understand why people may see it and think of it like nothing too great but it is not the smart idea and we should consider that as the most weird question.

Like why would I want to invest into something smaller? That doesn't make sense, the whole world decided which ones to make the most money and ranked them high, if the whole world put their money into 10 coins that make sense, then why would I want to be any different from them? I understand that it may feel weird for some people but it just doesn't make sense for me, it is not really that great. I hope to make it work somehow, and just keep it within the most known ones as much as I can.