Quote from: Essential10 on May 02, 2024, 11:57:56 AM

Quote from: Kezacky on May 01, 2024, 04:49:57 PM

new projects have a very high risk,If you are beginner find a solid strategy. Educate yourself first with that project. Dont go greedy over an extra dollar profit. Its advisable to speak to a mentor or an expert on this. A lot of fakes out there though, so be careful.

New projects are offering big deals, that's why many people are attracted to new projects despite the high risk. Only a consultant or expert in crypto currency investment cannot give you an accurate analysis of new projects. Cryptocurrency is a risky space as there are more or less risks in different coins. Investing is always a personal decision, but before that do a proper analysis of the coin you are going to invest in, then you invest be it new coin or old coin. Currently new projects are failing more so if you have extra money you can do it even if you don't have any problem losing it.

That big deal in most cases is a trap and in other cases there is no value in that deals so you end up losing funds. Though investing in new project is not too bad but you have to study the whole project to know some of the things about the project. If the project is a Centralized project or it is a decentralized project. Most people regret after investing in a project because they didn't do any research and only invest in the project probably base on friends advise or the informal knowledge on the project he has.

But normally the formal knowledge of the project is needed to execute the investment. So investing in new project is risky. So the investor should plan well before embarking on investing in the new project.