Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.
It is a 50/50 thing for me even though I wouldn't just invest in any new project just because I think I will make more from it, I could also lose everything from that investment, however, if the project is convincing and seems to have the potential, I might invest cause it is all about taking that chance, however, only 10% of my investment can go into New projects.
Investing in new projects aims to be a pioneer in the project and can reap huge profits, but with it comes the risk of losing everything.
You can invest in new projects as long as you have researched that new token and don't invest with money you can't lose in it, it's worth a try.
Today's leading projects have also gone through new project stages and the big winners are those who have trusted and accompanied the project since its inception.
I think investing in a new project is much more risky because even though we have done research first, it is still risky,
actually it's not a bad idea but indeed we need to consider many things,
most importantly always be vigilant and stay careful with new projects
Risk is always present especially in this industry. I'd say luck will also be a factor even if there are people who don't believe with its existence. Proof to this, are good projects in the past which were having a good utility and general management, or simply having 'that' potential to be a big one. But there are other projects which looks "less" compared to the big ones, which turned out to be better.
My take on this, is regarding bearish or bullish market seasons which contributes to investors' decision whether to invest or not. Another thing is popularity in any form, necessary for the project. The problem here is that no one is certain of these factors, as well as to those which are not mentioned. That is where luck might play a role in crypto projects or investments.