Post
Topic
Board Altcoin Discussion
Re: should i invest in new project?
by
Agbamoni
on 16/05/2024, 15:27:14 UTC
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.
I think it is off recent that new projects are doing massively well because in the past i have joined new projects which at the end failed after several energy, time and money has been invested in it. For instance, when Notcoin came out many people were in doubt because they feel it is one of those new projects that after several mining won't be successful. However, it got listed ion exchanges today and many people have sold and got profit from it. What am saying is that new project can be successful or may fail at the end the only thing we need to do is to try that we participate because we do not k now which may turn out successful.