Topic: Is it advisable for a beginner to invest in a newly launch project? - page 4. (Read 544 times)

Most new projects are not good and may not last for a long period so old or new investors has to be careful of such projects. Though it might have to be a good advice, especially to the newbies because they barely have minimum understanding of the market and might end up investing in pump and dump projects, where its developers initial aim was to make quick profit of new investors and the flee with funds.

We see different new projects flooding the market all claiming to have a bright future or a promising one. But it's best to do proper evaluation of new projects or rather invest in old and well know already made ones. This will prevent you from holding bags of scrap coins or tokens(Altcoins) all in the name of investing.

No. Whatever happens, don't invest into a new project especially if you're a newbie.
Well, you can still invest in a new project as a newbie since it's your own money, but it's not advisable because of the risk a new project has.

New project can just rug pull very quick if they wanted to. Even old projects can just rug pull its investors if they wanted to. New projects have a high chance of it being a scam, and as a newbie, it isn't a good thing because if you're starting and you got scammed at your first investment, there's a chance that you might stop investing anymore because of the experience that you got.

As a newbie, I would suggest to just focus on old projects, or at least those top coins like Bitcoin, Ethereum and other top coins in terms of market cap. It's good that you joined the forum because you will learn here even more with regards to cryptocurrency. Aside from the forum, YouTube is a good tool as well for you to learn more. Just avoid investing into new projects for now if you're a newbie.

Bitcoin is a recommendable crypto investment for all time investors because there about your emotions would be stabilized that your funds is safe if only you can understand Bitcoins Blockchain.
Bitcoin is a reputable and reliable coin so there is no form of convince that newly projects would be recommended for beginners.

Infact, newly projects is assumed to be basics of gambling which is best fit for advanced crypto investors that typically understands the nature of the project venturing on so as much the emotions is also accepted to whatever that comes out of it While technically and logically leaning the analysis of the newly projects.

If it is a beginner then that is not advisable for newly launched projects unless if he knows the risk and if he is a risk taker I saw many newbies doing this these days but some of them are happy with the outcome however for me, it's still not advisable.
It still the best thing to do as a beginner is always to DYOR before investing to any project and be smart because there are lots of project out there just built for pump and dump or for scam purposes only.

This forum also is a good place to ask about the project so if you are the one who is guiding him or giving advice I suggest bring him here on the forum instead so that he can ask something related to the project here on the forum to get some ideas from other users who have more experience than him that is the best advice.

I think this has been a kind of song or do i call it lyrics to people who are going into crypto investment newly because I believed that information is very powerful so they need to read understand what they are going into before finally putting their money into it. Like the way most of the people who are trying to come into cryptocurrency investment lately are eager to just answer the name they are crypto investor or trader, yes it is cool calling them that name but do they know what it takes for someone to be called that name?
They need to do their research and know how to go about some project before putting their precious resources over there, this includes consulting people who are there before them and also bring up some of those newly launched project over here for people to view if they are legit before they could venture into it to make their investments.

There are pros and cons in investing in a newly launch project, the determining factor here is whether the developer is dead serious on developing their project and not just another money grab project.

I won't say that it is advisable nor not advisable for a beginner to invest in a newly launched project but, I would suggest that if a beginner is interested in a certain project, he must do his thorough research and look for the possible red flags on the newly launched project. Advising a beginner as if we know everything is somehow wrong, IMO.  It is best to give the beginner an option to think and research to verify whether the project is worth investing in and is legit.  It is possible to happen if we advise them not to invest but then it turns out that the project  is a hidden gem.  It is then our fault to make this beginner to miss out on a profitable investment.

A beginner can always use the forum or other platform to ask for help to verify some newly launched project.  People will gladly help just like in this forum where members are eager to study and give their thoughts about the subject matter.

So for me, if we are knowledgeable enough to identify scams then it is better to share the information on ways how to identify a scam project and let him decide for himself.

Firstly, Op you should try to use tools like grammarly to correct some common errors in spellings.

It's more advisable to stay away from newly launched projects especially when you're new to the system but perhaps if one is well acquainted with the basic knowledge then they can wager around chasing profit maybe they could get favoured.

Most of the projects that are being created nowadays are mostly scam and/or pump and dump coins that get hypes from shillers in order to look more authentic but at the end investors who are naive gets to loss into their hands which is a major reason why we only advise newbies like me to only take part in projects that are solid already like bitcoin.

Additionally, if a newbie wants to take part in a new project then it's absolutely on him or her to manage the consequences and/or reward which equally means that such risk could go positively or negatively hence it's to the fate of the investor.

I wouldn't blame anyone especially new crypto users if they opt to invest their money on newly launched projects because some of the existing projects have very high Fully Diluted Marketcap so much that it'd be hard to get 1-3x out of  them even if it was held for the longer term. That's why most of the new users are onboarded straight into newly launched projects that have very little utility and no concrete project that can generate revenue or accrue value for the token.




I agree, if the title is worded differently, it would convey the content in OP much better. Maybe something within the lines of "This is why it is not advisable to invest in newly launched projects" 

You asked a question in your subject title, and then went ahead to answer yourself in the content of your OP, lol.

The thing with new coins/altcoins is their lack of utility, quite a lot of them are copy and paste of past projects that have failed, with fake/unrealistic promises and many times even plagiarized whitepaper's. The thing is, research cannot even help you with projects like these, because all could seem good after your research, but the project still turns out to be a scam in the end or it just fails because there is no utility to keep it alive for the long term.

It is usually difficult to verify the authenticity of newly launched projects. This is why new entrants of crypto shouldn't invest in them. Many of these new projects come up with aggressive publicity which makes them look legitimate to attract people who will end up losing their funds. I will suggest to newbies to only invest in Bitcoin first before they consider buying other coins. And they should also do enough research to ascertain how genuine the project is. For me, I don't invest in any overhyped project that promises huge and quick returns. Any newbie who is greedy and impatient is a cheap prey for scammers.

If by beginner you mean someone that’s totally new to cryptocurrency then it is not advisable to invest in not just any newly listed or lunched project but also the already existing projects. Every projects needs proper research on and as a newbie the only project or coin you’re supposed to be looking into is the bitcoin project or coin.

Newly launched projects are not just bad or tricky projects for newbies but also for old investors too. Some of the projects are easily pump and dump projects except a few and it would be bad for a beginner with out proper understanding of how to carry out their research to even dig into a newly lunched project

Well I think is not advisable for a beginner to invest in a newly launch project, reason been that you don't know if the project will last for a long period of time, or if the project happens to be scam. some project can look very real and promising but at the end it won't work out the Way you expected, most of the project can decide to reward the first set of people who participated from day one just to make it look real, so as to attract people, at this point you will see a lot of people investing in that project without knowing their intention, those investors who didn't invest quite on time will find it difficult to withdraw their fund's, that is why before investing in any newly launch project first thing you should do is to make a deep research about the project before looking out to make investment, However most of the beginnings don't make research before making any investment, that is the mean reason why most of the beginnings  get scammed so easily.