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.
There are many new projects which seem great in the beginning but later they fail and people's entire investment is lost.But there are some new ones even today where people have made huge profits by investing.Not all new projects fail but before investment if thorough investigation and complete information about the project is done.
As far as Bitcoin is concerned, there is no doubt that Bitcoin is the only cryptocurrency in the cryptocurrency market that can be fully trusted.But where the risk of loss is minimal, the rate of return in Bitcoin is also minimal.
But if even one project becomes successful by investing in a new project. So it can give you many times more returns than all your other cryptocurrency investments.But its purpose is not to invest all your capital in a new project. Rather, a small part of your total capital should be invested in a new project by taking risk.