Post
Topic
Board Altcoin Discussion
Re: Investing in a newly project is worth it or not ?
by
Essential10
on 08/03/2024, 17:58:36 UTC
Guys i am a trader but i never invested in the new projects but i know some guys who perform trading on newly projects and take a good profit from it so i am decided to do that as well so i found a project called Minerpepe and its offers mining through the smart contract i have checked the dapp their pools are not live but when i connect my wallet nothing is stolen so its look safe and when i dig more i found out their fairlaunch on pinksale is coming in next 24 hours and after the launch their pools got live i have witnessed a projects who offers good rewards through mining pool for the early birds so what you guys think participating in the initial sale of a token is safe or not?
I haven't invested in new projects like you have until now. I think these days new launch projects are cheating maximum time. With new projects entering the market in such a way, there is no way to know what will happen or may happen next. The project you mentioned, how much credibility you have with the team working behind the project, the efficiency of the service they offer, the potential return you have on investing there, you are definitely not working as an agent here with this team. I would like to say that new projects carry maximum risk, I always take caution on new launch projects for investment.  Since you are a trader you must know how risky trading is, you don't have to explain exactly how risky it is to invest in new projects.