Post
Topic
Board Speculation (Altcoins)
Re: is right time for investment ?
by
FortuneFollower
on 04/09/2024, 08:39:30 UTC
It is very risky to jump into an uncertain project such as a new project, I don't know much about the development of this project, maybe it has trend potential, you have to look at it from the management's point of view, how far it has been going, what time is the place to invest in altcoins that have been successful for several months In the future, the market will recover and there will be a big bullish streak this year. We can do preparations now.

 New projects published with undeveloped capacity and management are very risky to invest in, you should pay attention to the management and also the management of the most important part of the project, many people lose their money because they join new projects that are prone to termination or ending. You should use it to tend to choose some Altcoins that already have a good enough capacity to invest in now.

Totally valid. There are many metrics and facts to check when even considering going into a new coin/project: funds, founders, collabs, use-cases, etc.
Sometimes, it's not worth the risk Grin