I don’t know why you would like to invest with HEX and hold for the long term because it seems ponzi scheme i think, even it’s an unlimited supply coin so circulating supply can be increased gradually. If you’re looking to invest for the long term, i recommended you should go with top 20 coins on Coinmarketcap but don’t invest in HEX.
sometimes while people called its scam , it make another investors interested and want to try with small amount about the reality. since few months ago HEX price increase alot and so far there is no news its scam or rugpulled. maybe too many people scare with lastes experience in ponzi project. even invest in top 20 like luna didnt guarantee us it will save. alot investors loss their money in luna which is recognizd as top projects.
For the profit they think many will try all of things including ponzi schemes, that's why we see so many people get scam by those investment schemes they think. Also many also thought that there will be a huge pump will happen that's why they bag hold those tokens especially those new ones but end up scam that's why people should recognize these kind of scam tokens and avoid getting to much risk on new ones. Only involved ourselves on old like Bitcoin and Ethereum since this is much safer even if it dumps because it has a chance to pump up in future.
If there is a platform that offers us investment with big profits in a short time, or there are people who offer investments with fixed profits that
are also characteristics of investments that will end up being scams. The conclusion is always to avoid offers that are to be good to be true,
it is a fraudulent method that is widely circulated today. We must remember that we cannot become rich instantly, we must also be able to
think realistically that investing is not as easy as imagined. Not just buying coins at low prices, then hold until the price of the coins pumps high.
There are many risks that we must face and decisions that we must carefully consider. So we need research and analysis before we make a decision
to invest, so that we are sure that our decision is not wrong.
Then we should avoid new projects, because the risk of investing in new projects is very big. Moreover, the majority of new projects that are
popping up today are only for pump and dump, without a clear function. So the possibility of us losing money is very large, if we force investment
in new projects. I support what you suggest, just focus on investing in Bitcoin and Ethereum, which is proven to be profitable and safer as
an investment option.