Topic: should i invest in new project? (Read 8675 times)

To me, buying coins should mean "supporting" them.

If only there were a safe place to place buy-with-bitcoin buy-offers - real bitcoin in my own wallet with my own keys.

I have been lucky to the extent that for a long time now I have been able to leave all my bitcoin in various places as buy offers despite the far too frequent "flying by night" or "on noes we got hacked" exit-strategies of trading venues / implementations.

In other words it has so far, for me, been long term profitable to let my actual genuine on the blockchain bitcoins be at risk in order to use them to "support" (as in columns of buy offers) various alt-coins.

Nowadays though I am seriously considering that since I in any event have to "trust" my BTC-to-fiat and XLM-to-fiat (via BTC) outlets with my bitcoins, I might as well also start trading BTC-vs-XLM on those (the usual columns of buy and sell offers strategy supporting each using the other).

So maybe a useful starting place for you to look at first would be all the various venues where you can or do (or at least could) convert your BTC into fiat and see if any of the alts they offer appear tempting to you, being as how you already are going to ultimately at least momentarily trust such venues if or when you eventually convert some BTC into fiat.

-MarkM-

Correct. Indeed investing in new projects is very risky. Your steps to invest in projects that have been registered on the market are very good and at least you have avoided potential big risks even though sometimes the profits you get may be smaller.

It seems like you should do more in-depth research before you regret your own decision. because investing in new altcoins has a higher risk than buying altcoins that are already circulating on the exchange market. and in my opinion it is better to buy old altcoins that have strong fundamentals than investing in new altcoins whose development is not yet clear.

Asking whether to invest in new project can be somehow at times however I think the best thing to do is to  decide within yourself whether to or not cause there are some decision you don't need people to advise you first perhaps you should try to figure out project that are legit and genuine whether old or new it doesn't matter but at least let be something that will worth it cause some project look so promising by merely looking at them but inside them they are just empty container.

It's 2024, and the project's website is down with no Twitter/X updates since February 2022, raising concerns about its legitimacy. While the idea of a crypto-integrated dating app is interesting, the market is competitive with established apps like Tinder. It's hard to gauge this project's advantages.

This situation highlights the risks of investing in new projects. You could lose everything, so only invest what you can afford to lose. It's difficult to predict a project's success, so be cautious and prepared for potential losses.

It is better not to invest in new schemes as they are more scams so it is better to proceed with caution. Check whether you have a good working relationship with the new project team members and whether they are fully committed to the project and the organization. New teams are doomed to failure for one or more reasons.

I tried to enter the website but it shows something wrong. Maybe expired something. But i already guess so cause it seems the project is memecoin. Name was funny enough and I won't even investment to that protects. There is nothing wrong if anyone want to invest in new project but the problem is new projects are risky even after doing a lot of research it can turn out to be scam ICOs are risky cause it doesn't guarantee anything. Scammers can scam people by fake promises

You're making sense. Everyday new projects with different task are emerging, and this is what happens every bull run just to scam people and fade off, so we all need to be cautious especially newbies who I believe will be enticed with profits all the likes, because many have learnt and are learning the hard way. Stick to a project already listed, and gear also on ones that have track record from previous cycles, of the truth many won't last, a word is enough for the wise. Better still start investing or put more resources into Bitcoin rather than some of this ponzi schemes.

If you want to invest in this project, you should do it very carefully, especially since this is a new project.  I think there are still many new projects emerging apart from this project but without reducing my respect for this project

I am no longer curious with new projects. I've experienced a lot of scams from new projects. For now, I am only interested in reputable projects.

This is something a must to do. Everyone who wants to invest in crypto, they must do a research whether they invest in new or old projects.

The decision must be based on the result of the final research you do. If the project looks convincing, it is okay to invest in the project. However, we must ensure to invest in the money that we afford to lose. Since it is a new project, the chance to lose money is higher than old project.

They need to take time and DYOR. That's the only way for them to avoid these scam projects. I am not stopping newbies to invest into new projects.
They need to be diligent for them to see that they are doing it correctly. Because if they don't listen to people's advises on them, they'd certainly going to fall for many scams out there.

There are many new coins arising so a person can invest in all coins because no one is bound to just choose a single one but the risk of selection will be his own. Every project introduced is not worthy but still people want to take advantage of new projects without in depth research.

I think we have to choose a solid project with a solid team and fundamentals and also don't think that if you choose a low value token then it will surely give you profit because many people have lost their amount by Investing in new low value coins with a dream that this will elevate during bull season and their money will become triple time higher than invested amount but that is all just dream.

That big deal in most cases is a trap and in other cases there is no value in that deals so you end up losing funds. Though investing in new project is not too bad but you have to study the whole project to know some of the things about the project. If the project is a Centralized project or it is a decentralized project. Most people regret after investing in a project because they didn't do any research and only invest in the project probably base on friends advise or the informal knowledge on the project he has.

But normally the formal knowledge of the project is needed to execute the investment. So investing in new project is risky. So the investor should plan well before embarking on investing in the new project.

New projects may offer incentives at an early stage to attract investment that may influence you. In this case you must make your investment decision by researching about the developer team. Another important thing is that in-depth research is needed about the market cap of the project. New projects are mostly scams so I think not to invest in the initial stage and keep researching about it.

New projects really make us curious, but you still have to choose a good project, make sure you have done more in-depth research starting from the team behind this project to the product they are developing to the circulation of the tokens they have. When we have researched everything, the next step is the decision whether you want to invest or not.

I think it is off recent that new projects are doing massively well because in the past i have joined new projects which at the end failed after several energy, time and money has been invested in it. For instance, when Notcoin came out many people were in doubt because they feel it is one of those new projects that after several mining won't be successful. However, it got listed ion exchanges today and many people have sold and got profit from it. What am saying is that new project can be successful or may fail at the end the only thing we need to do is to try that we participate because we do not k now which may turn out successful.

In fact, every new project that has clear intentions and goals when developing it is a project that provides opportunities and potential for profit. Even though it has risks, we can reduce this by doing research. Unfortunately, I also don't recommend investing in this project because it has quite a lot of drawbacks. However, I would also advise the same, always do your research and make a wise decision before investing in a new coin.

That's why it's important for beginners to invest in credible projects rather than having to try their luck on new projects. If you are someone who is ready to risk losing your money, and you have a deep understanding of tokenomics and white papers, you can try investing in new projects. If no you are just a beginner investor, it is better to be careful because there are many scammers on new projects.

That's right, they're also patient and intelligent nowadays. They know how to wait and understand how the investors go along with new projects and that's why we need to be more careful or for those investors, need to have more extra care because if not, they'd always been targeted by these scammers. They know who their market are and who to target with their tactics.

Most scammers have now turned patient and intelligent.

They are willing to lure you in with so much promises and make you think that everything is going well before they drop the bomb on you. Sometimes you need to consider why things seem too good to be true because they in fact might be not real at all. Even too impressive performance can be a red flag too so watch out for those and make sure the team is exhibiting realistic performance.