It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?
Actually investing in a new project is not completely bad but we know the risk of investing in cryptocurrency is very high even if the project is successful in the future no one knows when the project is just released. While there are many scam projects that can be found almost every day, both of them cannot be predicted with certainty whether it is potential or it is just a scam. 
Topic: Dumb plan? - page 6. (Read 711 times)
It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?
Just because it happened a few years ago does not mean that it will happen again the same way in the futures. That is also the reason why i think that all that trend analysis stuff and other predictions that are based on the past can never really tell what will happen in the future. Maybe they can give a slight indication in what overall direction the market will move but nothing more than that.
In a few years the top 20 of the coinmarketcap ranking will definitely look a little different than now. That is just part of that industry and within 4 or 5 years there will definitely be a few new projects that will come up and move to the top 20 relatively quickly like Solana for example did it last years.
Other projects like Shiba Inu will probably not be in the top 20 anymore in a few years.
It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?
It is because many of them are prone in rugpulling. It's true that many of the top altcoins now are likely new but they're launched a few years ago. I get the idea of your thought that new projects are going to replace a lot from the top. But that shouldn't also give you the confidence that all of them will be there. Just think of it that a few of them will be at the top but also many of them are likely have no chance at all and might even caught as a scam. 
It's hard to say whether history will repeat itself. In 2017, the entire crypto industry was in a different place of development than it is now. However, I agree that it is also worth having new, promising projects in your portfolio, as they seem to have the most room for value growth. However, you must always remember the basics of investment - portfolio diversification, own research, as well as control of market trends.
Even without taking into consideration on the history. You can easily what's gonna happened by understanding the investor's thinking towards crypto projects. Most of the crypto investors want a quick profit that's why they are always FOMO buying to ride the hype of the project and then move on once they already reached the target profit since project development hype always has an expiration due to its slow development nature. So you will get much larger profit if you will invest on new project that surpass the existing top project because the tendency is investors will just change boat and ride the much newer one that has the hype.
It's hard to say whether history will repeat itself. In 2017, the entire crypto industry was in a different place of development than it is now. However, I agree that it is also worth having new, promising projects in your portfolio, as they seem to have the most room for value growth. However, you must always remember the basics of investment - portfolio diversification, own research, as well as control of market trends.
It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?
Jump to: