Not all new Projects are bad, So take the Risk

Troytech

full member

Activity: 98

Merit: 55

Quote from: Lordsilvabtc on October 10, 2022, 01:12:57 PM

I came across a post where an advise was ditch out
for newbies like myself not to get involved in new projects,
due to the risk that follows.

But with all honestly, Some project with 3 to 7 months old have one time becomes Scam, Good example is OKS CHAIN. The project was over 2 years old, yet end up being scam, as the CEO and other dev cart away with so much money. And abandoned the project.

My experience tells me that everything involves around crypto project, Is about risk, except for the president of them all ( Bitcoin ), The vice ( Ethereum ) and the child ( Binance ). Investing in any of these 3 gives risk free system. As they say experience is the best teacher in life.

So i strongly disagreed with the term of " do not invest in a brand new project " to be risk free. A lot of new project has yielded x50
of my investment to me most of the time, What i usually do, Once they're up, i take off with my investment and interest. This is my experiences.
And i strongly believes by doing this, Will yield high success to everyone and also helps you to minimize the risk of lossing all your funds.

You have to understand the reason they said don't invest in new projects, most new projects are scam and you can't really tell which is not, and moreover most newbies can't identify which is a scam project from the other, so why I think is most safe is not to involve in them at all, unless you can properly identify those with good potential to invest in.

I highlighted the part of your post I totally disagree with, you speak as tho you can time the price and once you have made profits you cash out instantly, how would you know when is the right time and I know a lot of people with very low success rate in trying to time the price, some time most projects just pump their token for only a initial time and then dump back to normal, Its quite difficult to time the price right so I doubt you have even been successful doing it or have even tried it yourself.

AnonBitCoiner

sr. member

Activity: 1386

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: Fredomago on December 22, 2023, 04:46:26 PM

I agree with your opinion as there are other solid asset that you can use to invest your money if you are not really willing to submit yourself with newly created projects, with top 10-20 existing coins, you can pick whatever asset to invest though there are still many investors who are willing to take that big risk as if by chance they will be able to earn huge.

Just need to take some time to research before making your investment or before jumping to any project that you think will bring you decent profits.

First of all investors should choose tops coins because they have little or no risk so when they are avoiding top coins and choose any new or untested coin then they are just gambling to check their luck but this is not a wise investment decision.

If newbies are making mistakes then it's normal because all the things are new to them but when well experienced individuals are repeating mistakes of selecting coins without research then they are not true investors.

Taking risk is necessary during certain time but we should focus more on top coins and invest little amount in new or untested coins so we can minimize our losses in this way.

Tmoonz

full member

Activity: 154

Merit: 108

Eloncoin.org - Mars, here we come!

Not all new project are actually bad, and some time is best being part of an early adoption of certain project, some project becomes profitable at the beginning in other to attract more investors in the market and later become a scam project where at that point you are better than those who invested later when the project is almost at it's climax. Proper research and analysis is appropriate before investing in a new project because most new project out performs old project, risky assessment to be conducted too.

irhact

hero member

Activity: 616

Merit: 749

Quote from: Justin999 on February 15, 2024, 05:06:30 PM

thus dev team behalf of new project, keep telling lies to handle their investors and keep their reputation clean. But at the end of the day, they withdraw all liquidity from money and not let to sell their token. And they told you, project is developing, everything will be okey soon. And thus new projects do scam. But not all new projects are same. Just hard to figure out, that's it. So whom who don't want to lost money and want to be safe, new projects aren't for them.

Don't invest in totally unknown altcoins projects, invest in projects that the founders and team are known, there's alot of scams in the market and one of the best ways to protect ourselves from all the scams is to be sure of what we're investing into as any individual can create a tokens from using AI or other platforms that are available for creating of tokens. After he's done he'll list them on some centralized exchanges with low popularity and if the community grows he can scam many investors.

All new projects aren't bad but there are many of new project that are just scams or getting launch as the founders what to make use of the hype in the market to make profits from scamming investors therefore we have to always do our research very well before buying any new projects. You can also use launchpad that are very popular and don't list unverified scam tokens to buy new tokens that will give you profits.

Justin999

member

Activity: 377

Merit: 13

#SWGT PRE-SALE IS LIVE

Quote from: Obim34 on December 12, 2023, 02:19:19 AM

Quote from: Justin999 on December 10, 2023, 01:48:11 PM

...

Like you said the percentage of successful projects is rare they excuses, their Altcoins are stipulated by the price of Bitcoin, as long Bitcoin remains bear same with their Altcoins and if Bitcoin gets Bullish then they experience a pump

thus dev team behalf of new project, keep telling lies to handle their investors and keep their reputation clean. But at the end of the day, they withdraw all liquidity from money and not let to sell their token. And they told you, project is developing, everything will be okey soon. And thus new projects do scam. But not all new projects are same. Just hard to figure out, that's it. So whom who don't want to lost money and want to be safe, new projects aren't for them.

Raceonsucced

member

Activity: 234

Merit: 33

Quote from: Romeotom on January 30, 2024, 01:47:24 PM

I think this is right to risk is the mainly point for investment of every business. But if you can get best knowledge about business world then you can making profits of facing low rick. Example have many risk in crypto but if you are a smart trader or investor then you can get profits everyday. Every successful person has taken risks in life.

I think the risk is definitely there, but depending on the size of the risk faced, it depends on us as business people, but the risk can be minimized and not eliminated. There are many ways to do it, such as increasing knowledge in the related things we do, that way I think it will create great opportunities for ourselves to get what we want.

Romeotom

member

Activity: 811

Merit: 20

Chainjoes.com

I think this is right to risk is the mainly point for investment of every business. But if you can get best knowledge about business world then you can making profits of facing low rick. Example have many risk in crypto but if you are a smart trader or investor then you can get profits everyday. Every successful person has taken risks in life.

wallet4bitcoin

sr. member

Activity: 924

Merit: 281

Quote from: Fredomago on December 22, 2023, 04:46:26 PM

Just need to take some time to research before making your investment or before jumping to any project that you think will bring you decent profits.

The basics of investment should be a thorough fundamental analysis on the assets class, not submitting yourself to this process can cause fatal consequences on the principal sum.

You can never go wrong with those investment with fundamental research basis, even when the price plummets, you know its just a price correction that will keep the uptrend as events and roadmap unfolds.

Fredomago

legendary

Activity: 2996

Merit: 1053

Leading Crypto Sports Betting & Casino Platform

Quote from: Bushdark on December 31, 2023, 05:09:50 AM

Quote from: batang_bitcoin on December 28, 2023, 06:24:46 PM

Quote from: Fredomago on December 22, 2023, 04:46:26 PM

Just need to take some time to research before making your investment or before jumping to any project that you think will bring you decent profits.

DYOR as they say and that's not going to work at some times because even if you're good at researching and you're doing a good job with your research. You have no control over things that these projects are doing. If you like what you're doing and the risk that it has then keep on doing what you have started but there will be times that you're not at win and that's what we're talking about of being careful when choosing where you want to invest your hard earned money.

We need to always dyor so we don't keep making the same mistakes other people are making investing in the wrong projects and later complaining that the project they invested in finally crashed and there funds are gone. We should try and learn from other people's mistakes because there are so mistakes that could cost us severe loses which can affect our mental health not been able to do the necessary things that would keep us going. Learning is one of the ways we can better our perspective and make right decisions.

Always have that time to seek for information about the project that we are investing, same deal with what you mentioned, learn from those mistakes, either your own or someone's experienced. There's nothing wrong to study new coin and try your opportunities if you see good potentials, no one got succeeded without risking, but behind that risk that participation that they did is because of that dyor not saying everyone but most of them did the right thing when investing their money.

gabbie2010

sr. member

Activity: 2590

Merit: 322

Vave.com - Crypto Casino

Quote from: Rasa nanas on December 28, 2023, 07:07:54 PM

Basically to get a 50x profit you have to invest in a new altcoin because if you invest in a large altcoin it is very difficult to get that big profit. investing in a new altcoin in hopes of making a 50x profit at the risk of losing your entire investment. who would want to bet on this kind of bet? I don't forbid anyone (including beginners) from investing in new altcoins, but you also have to understand the risks and don't just think about big profits.

Truly investing in an underpriced project an investor has a tendency of earning huge and massive profit instead of investing in overpriced altcoins, however the problem is how to select and pick feasible projects with a future potential out of the numerous ones in the market, it would take a lot of thorough researching and screening of those numerous projects even scam projects are also in the market before finally picking few of them yet that isn't a guarantee that the few ones picked or selected all of them are going to be successful, however if one or two of the invested project thrive it can produce a profit of 50x definitely it would cover up for those failed invested projects.

Bushdark

sr. member

Activity: 854

Merit: 262

Eloncoin.org - Mars, here we come!

Quote from: batang_bitcoin on December 28, 2023, 06:24:46 PM

Quote from: Fredomago on December 22, 2023, 04:46:26 PM

Just need to take some time to research before making your investment or before jumping to any project that you think will bring you decent profits.

DYOR as they say and that's not going to work at some times because even if you're good at researching and you're doing a good job with your research. You have no control over things that these projects are doing. If you like what you're doing and the risk that it has then keep on doing what you have started but there will be times that you're not at win and that's what we're talking about of being careful when choosing where you want to invest your hard earned money.

We need to always dyor so we don't keep making the same mistakes other people are making investing in the wrong projects and later complaining that the project they invested in finally crashed and there funds are gone. We should try and learn from other people's mistakes because there are so mistakes that could cost us severe loses which can affect our mental health not been able to do the necessary things that would keep us going. Learning is one of the ways we can better our perspective and make right decisions.

johnsaributua

sr. member

Activity: 812

Merit: 257

SOL.BIOKRIPT.COM

Quote from: Fredomago on December 29, 2023, 11:29:36 AM

Quote from: johnsaributua on December 28, 2023, 07:47:54 PM

Yes thats right, many influencers also have an effect, because many are consumed by clickbait and even swallow whole with comparisons of coins that have performed well in the past, unfortunately the white paper of a project is too sweet, so they make decisions and don't want to miss the momentum of the new crypto project, if there are new people playing crypto and getting success by chance for me this is a new problem if they are not aware of their previous achievements, they will potentially spend good crypto or big money on projects that are seasoned on social media more without analyzing or imagining risks, Indeed, favorite coins also have the potential to collapse, but early detection must be owned by all investors including new people. I often hear FUD scattered because they are beginners, scams and run out of money Sad

. As long as it is reasonable and e.g. only hunting according to your own control, it doesn't matter.

As long as you did your own research, whatever the decision you make will only reflect to how you position your investment, there are so many complain regarding to how newcomers lose their money from this venue of investment, most of the time it's the greediness inside them that push them inside this venue, with hope and lazyness they'll just put their money on it and thinks that it will went well and they will be able to earn, but in reality, most of the time it will end up scamming, that's the very reason that each investors and traders needs to work with the research and proper understanding of the market that they are going to invest their money.

YES, Different projects certainly have different schemes on offer, if the final line may only be the developer and God who knows the project will be fast or slow. Grin

Speaking of research, those who are familiar and experts are the same and not all projects are feasible unless they are ready to accompany raw projects and just want to grow shoots at the base of their existence, meaning that if they are still in the promotion and development period, of course they cannot be good and big in the time they are chasing. For observers and investors who are experienced even though there is a big risk and they know it and may wait for an interesting momentum or announcement if they intend to buy after observing carefully, even though they have predicted success and failure. It is different if beginners will certainly be annoying, deterrent and may consider altcoins and cryptocurensy the same in speculating, hopefully they will not retreat too quickly for a regret and conclusion that is too early.

Y3shot

full member

Activity: 560

Merit: 161

Quote from: Lordsilvabtc on October 10, 2022, 01:12:57 PM

I came across a post where an advise was ditch out
for newbies like myself not to get involved in new projects,
due to the risk that follows.

But with all honestly, Some project with 3 to 7 months old have one time becomes Scam, Good example is OKS CHAIN. The project was over 2 years old, yet end up being scam, as the CEO and other dev cart away with so much money. And abandoned the project.

Newbies have no knowledge to tell if a project is real or not, with new experience in crypto it won't be idea if their target should be on new project to invest because new project are unpredictable which many newbies will find it difficult to tell if a project is real or scam. It is better for newbies to go after recognized project for safety, by the time they might have gain good experience they can risk their money for new project.

Fredomago

legendary

Activity: 2996

Merit: 1053

Leading Crypto Sports Betting & Casino Platform

Quote from: johnsaributua on December 28, 2023, 07:47:54 PM

Yes thats right, many influencers also have an effect, because many are consumed by clickbait and even swallow whole with comparisons of coins that have performed well in the past, unfortunately the white paper of a project is too sweet, so they make decisions and don't want to miss the momentum of the new crypto project, if there are new people playing crypto and getting success by chance for me this is a new problem if they are not aware of their previous achievements, they will potentially spend good crypto or big money on projects that are seasoned on social media more without analyzing or imagining risks, Indeed, favorite coins also have the potential to collapse, but early detection must be owned by all investors including new people. I often hear FUD scattered because they are beginners, scams and run out of money Sad

. As long as it is reasonable and e.g. only hunting according to your own control, it doesn't matter.

As long as you did your own research, whatever the decision you make will only reflect to how you position your investment, there are so many complain regarding to how newcomers lose their money from this venue of investment, most of the time it's the greediness inside them that push them inside this venue, with hope and lazyness they'll just put their money on it and thinks that it will went well and they will be able to earn, but in reality, most of the time it will end up scamming, that's the very reason that each investors and traders needs to work with the research and proper understanding of the market that they are going to invest their money.

johnsaributua

sr. member

Activity: 812

Merit: 257

SOL.BIOKRIPT.COM

Quote from: Fredomago on December 20, 2023, 06:50:32 AM

Quote from: batang_bitcoin on December 18, 2023, 09:13:26 AM

Quote from: kotajikikox on December 14, 2023, 04:07:10 AM

that is if you have experience but most new project investors are also new to crypto in which being lured in other platform such twitter and instagram so they have no complete idea what they are entering instead they are just seeking for instant profit that will bring them to doom eventually .

While those that are found on Twitter or any social media or channels and groups are taking advantage of these newbies. Yes, not all projects are bad but many of them are there to do harm to their investors. It is the problem of these new investors when they don't do their research because that's their money that shall be placed on this market and if they invest to the projects that they don't know, that's the mistake that they are making upon entering this market.

Indeed right, it's their money that is at stake after following those projects that they learn about within the vicinity of social platforms. They need to add more research and more study about that project before placing their investment. It's not all that will bring harm, but the percentage is too slim for the project to bring benefits compared with those projects that will suck their money.

It's you that needs to manage your finances when you start investing either with new asset or old ones. Just don't forget to investigate deeply and not just blindly follow what others are saying about the coin that you are following.

Yes thats right, many influencers also have an effect, because many are consumed by clickbait and even swallow whole with comparisons of coins that have performed well in the past, unfortunately the white paper of a project is too sweet, so they make decisions and don't want to miss the momentum of the new crypto project, if there are new people playing crypto and getting success by chance for me this is a new problem if they are not aware of their previous achievements, they will potentially spend good crypto or big money on projects that are seasoned on social media more without analyzing or imagining risks, Indeed, favorite coins also have the potential to collapse, but early detection must be owned by all investors including new people. I often hear FUD scattered because they are beginners, scams and run out of money Sad

. As long as it is reasonable and e.g. only hunting according to your own control, it doesn't matter.

Rasa nanas

full member

Activity: 1386

Merit: 107

Sugars.zone | DatingFi - Earn for Posting

Basically to get a 50x profit you have to invest in a new altcoin because if you invest in a large altcoin it is very difficult to get that big profit. investing in a new altcoin in hopes of making a 50x profit at the risk of losing your entire investment. who would want to bet on this kind of bet? I don't forbid anyone (including beginners) from investing in new altcoins, but you also have to understand the risks and don't just think about big profits.

batang_bitcoin

hero member

Activity: 2996

Merit: 600

Eloncoin.org - Mars, here we come!

Quote from: Fredomago on December 22, 2023, 04:46:26 PM

Just need to take some time to research before making your investment or before jumping to any project that you think will bring you decent profits.

DYOR as they say and that's not going to work at some times because even if you're good at researching and you're doing a good job with your research. You have no control over things that these projects are doing. If you like what you're doing and the risk that it has then keep on doing what you have started but there will be times that you're not at win and that's what we're talking about of being careful when choosing where you want to invest your hard earned money.

Makus

full member

Activity: 266

Merit: 187

Bitcoin!!

Quote from: AnonBitCoiner on December 28, 2023, 01:53:05 PM

The main thing is that we cannot predict that the person who is giving us suggestions are familiar with crypto or not because some people don't know a word about any coin but are giving suggestions to us so if we follow them then we may loss all invested sum.

Bitcoin is the only coin that does not need more time to do research about it and also if you follow the suggestions of others in regard of bitcoin then you will be in profit instead of distressing situations. Trend always not work appropriately therefore solid foundations coins are good one and if we are selecting coins according to the trend then it may be possible that we face a sudden drop after a month or two.

Well spoken. The only thing that can help someone to escape from the traps of falling victims into the hands of scam project is when you conduct your own research. Relying on others research when we talk about altcoin is just a dumb excuse to Loosing your money. Indeed not all new project are actually bad but, taking the risk is one of the experience I don't want to have. I have heard of some person complaining how they lost all their money just because they trusted one newly launched project, so I am definitely not going to have such experience. And the best way I tend to achieve this is by just holding Bitcoin. The risk associated in Bitcoin investment is less unlike that of altcoins.

AnonBitCoiner

sr. member

Activity: 1386

Merit: 326

Eloncoin.org - Mars, here we come!

Quote from: Makus on December 23, 2023, 01:01:17 PM

You have spoken well mate, the suggestion from other can also get us into trouble. Some persons are find of talking as though they have full assurance of what a coin will become in the future, the only coin I know for sure that will keep going up is Bitcoin. But the problem with Bitcoin is that most times it doesn't work good for short term investors, but if you are a long term investors then, that's the coin for you. You don't even need to spend time in research on the coins but you see those altcoins out there, they could just be traps waiting for you. Nowadays people follow after trend and most times they forget to do their own research on the altcoin, but I must say that, that is very dangerous.

The main thing is that we cannot predict that the person who is giving us suggestions are familiar with crypto or not because some people don't know a word about any coin but are giving suggestions to us so if we follow them then we may loss all invested sum.

Bitcoin is the only coin that does not need more time to do research about it and also if you follow the suggestions of others in regard of bitcoin then you will be in profit instead of distressing situations. Trend always not work appropriately therefore solid foundations coins are good one and if we are selecting coins according to the trend then it may be possible that we face a sudden drop after a month or two.

Makus

full member

Activity: 266

Merit: 187

Bitcoin!!

Quote from: AnonBitCoiner on December 22, 2023, 03:28:53 PM

Quote from: odunybiz on December 21, 2023, 07:59:33 PM

Following people's opinions or what others are saying to invest may look risky for you. No one can if those people you are following has been paid to promote the project. If it is not BTC or probably ETH, then a proper research must me made before investing in other cryptocurrencies either being an old or new project.

If we always follow the suggestions of others then we can not make profit because everyone has different mind and some of them are spreading information about shitcoins just to attract investors towards it. It is true that in case or etheruem and bitcoin we does not need any research because we can see the reality with our own eyes but new coins are unidentified about which prediction become wrong most of the time.

Now a days there are so many altcoins which are profitable like ADA, solana, matic and Link are profitable coins so instead of moving towards new and risky investment try to choose well used coins that will shine during Bull market and avoid scam and unidentified projects.

You have spoken well mate, the suggestion from other can also get us into trouble. Some persons are find of talking as though they have full assurance of what a coin will become in the future, the only coin I know for sure that will keep going up is Bitcoin. But the problem with Bitcoin is that most times it doesn't work good for short term investors, but if you are a long term investors then, that's the coin for you. You don't even need to spend time in research on the coins but you see those altcoins out there, they could just be traps waiting for you. Nowadays people follow after trend and most times they forget to do their own research on the altcoin, but I must say that, that is very dangerous.

Topic: Not all new Projects are bad, So take the Risk (Read 5783 times)