Hello everyone, my question is: how often do you invest in new and young projects? Aren't you afraid of losing money if the project closes?
I want to invest in a promising project called CheckDot. Their token sale starts this weekend and I think this is a good opportunity to successfully invest money.
Share your thoughts on such an investment. Maybe you have some interesting cases on this matter.
there will always be risks involved in any buying action, just like what you would do in anything related to crypto. we must get used to that all actions in any case certainly can not avoid the risk. That risk will depend on how we can manage it so that the risk experienced can have no impact or even have a very big impact.
investing in new projects is clearly very risky but compared to the benefits we will get of course also very tempting. what is feared is that if the project is not investigated properly, many often commit fraud. but not all are fraudulent and many can also reward investors who support the project.
it all depends on interpreting and learning how the project is carried out and behind it stands a team that is indeed strong in their field. it is certain that if they can attract investors, the project will be successful in the future.
Unfortunately its getting harder to find a decent real project lately. At least in 2017 ICO bubble, there was a bit of risk involved for the developers if they did a exit scam because they could be charged of manipulating and lying to the investors. Nowadays, all you need to do is write your coin is a meme and doest have any purpose. If rug pull happens, no one can hold anything against them.
it is true what you said, namely the 2017 period where many projects were successful both for their projects and for investors who invested their funds, even bounties could also enjoy the heyday of new projects successful.
After that, many projects began with fraudulent identities and were difficult to detect from the start.
but now it's getting pretty good starting to get better but still have to always be careful in investing in new projects. always learn from the team behind him and information from colleagues in btt, because they are usually able to provide fairly accurate information.