Should I invest in new projects? - page 17.

CapGelatik

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Combo Network

Quote from: posporo on March 10, 2022, 12:55:16 AM

Investing in new projects starting from the beginning is the best way to earn a lot of profit if this projects community grow and keeps getting a support. One day for sure it could become one of the top projects where everyone look up to.

It's true that it was a good decision but don't forget that before joining and investing in the project at least try to minimize the risk by doing in-depth research,
we can start by looking at the roadmap, whitepaper and the team of course,
I'm sure everyone is aware of that and has their own way to minimize the risk

LastKiss

sr. member

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Binance #Smart World Global Token

Quote from: Stefanie302 on March 09, 2022, 08:30:43 AM

~snip I believe that due to the project's nature, there is a chance to make a good profit, so I'm considering participating in their presale that will be on 12th of March, but I'm afraid of losing money. So I'm looking for suggestions; perhaps you guys know more than I do. I also provide a link to a whitepaper and a website.
~snip

The first thing you should do is get rid of that fear of losing money because anything that relates to investment can make your money lose in a moment. I dont even see the team members from that project even in their whitepaper, do some research first before you invest in this kind of project because what I see, they are claiming that they've partnered up with CEX so I guess there's a big chance you can sell your token later but it will be slow in development progress.

Blowon

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Vave.com - Crypto Casino

At first glance it looks good, but does not guarantee it has a low risk. Projects based on Binance Smart Chain (BSC) tend to have a high risk of potential rugpull,
do not be too sure about their listing on hotbit in time with.
In my experience tokens that have been listed in the market will collapse after that, if you feel it is okay to lose your money to invest in that project, then you can give it a try.
Usually we only invest what we can afford to lose in a new project like this, as there is a high risk of being abandoned by the developer.

michellee

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🐺Spinarium.com🐺 - iGaming casino

I don't recommend investing in new projects, even though they say that their projects can grow in the future and many other things seem to be able to convince potential investors to invest in their projects. You better allocate your money to bitcoin or ethereum, which can give you big profits in the future.

Investing in a new project has a big risk because we don't know what and how the project will be in the future. Developers and teams will make promises that look good to come true but we still don't know. It's just a suggestion and I hope you can find more information about the project.

posporo

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Investing in new projects starting from the beginning is the best way to earn a lot of profit if this projects community grow and keeps getting a support. One day for sure it could become one of the top projects where everyone look up to.

WalkerIVIV

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You are feeling worry with the new project and you should you force yourself to invest in the new project if you even feeling worry with it? It doesn't make sense for you to do that. The fact that if you can also stick into the another coins and why still try to invest in this token? We do know that how bad token is. There's no reason to invest in this project.
Forget it and move to the legit token. This may help you to generate decent amounts of money.

Reid

hero member

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I think someone already shared this one but I cannot find it.
About the project, it does look cool but I can't seem to find the team behind it. Do you have any idea who are they? Because I want to at least see an assurance if they are the a company who really creates games or compose of different people who have background in the gaming industry.
Like Gala Games whose CEO is from Zynga who created Texas Holdem Poker in facebook and other games injected in it.
I wish they are not trying to be anonymous like other NFT games.

FerHAT701

newbie

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Its hard to find some good projects, try not to follow hypes and instead do research. You should look around for projects that make sense, for example GameFi and crypto betting, because they have working industries in real life so its logical that they will work in a crypto environment. Even then you should research projects you go into, and try not to invest too much its a unstable market. In the examples above after my research i invested in BORA and ENGN for Gamefi, and Roobets for sports betting (But im waiting for Lunabets to launch they look like they have a better UI in the app). You could check them out, and some other things you see real world application.

Zotak337

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There more than dozens of scam new projects getting listed on coinmarketcap every week be careful, if I have any money now I will invest it into a more established project like Terra Luna out of few good coins out there.

Silberman

legendary

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Quote from: Stefanie302 on March 09, 2022, 08:30:43 AM

Everyone is joining these projects, and everyone is profiting handsomely

This is a very common misconception that causes a lot of misfortune to newbies like you, let me ask you a question, from exactly where do you think it comes all that money that some users are earning with those coins? It comes from people like you, the majority of people, and by that I mean a percentage higher than 90%, lose all their money to the markets, as such following the majority is probably the worst thing you can do so I cannot recommend that you invest in those coins no matter how profitable you think it could be.

Erumo

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Dont invest in new projects. The reason is simple. We are about to get hit by new financial crisis. These new projects wont be able not only raise enough funds to start closing milestones. Only old and reputed projects will get something from investors. New projects will be "in development" for ages.

evilgreed

sr. member

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The decision varies from one person to another. While there can be many variables, the things that I know of is the extent of researcade by a person, the financial capabilities, the risk tolerance and the diversification plans. Those, considering that the person is well versed already on investing on any asset in this industry. My advice though as someone who's been in this industry for years now, before you consider trying your luck on new projects, check out the terra ecosystem and rune ecosystem. There are gems within those ecosystems that are sleeping giants. You're welcome. 😁

Gozie51

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Quote from: ANSEL_2.0 on March 09, 2022, 09:48:57 AM

It's a play to earn game, website isn't the most attractive but it depends on what the team have to offer anyways, if I were you I'd invest only what I can afford to lose and take profit instantly when price goes up, I don't have the confidence of holding new tokens this days I'm better off holding ETH BNB or BTC.

I equally buy your idea here because new project is not even a guarantee of a better project. There coins as you mentioned that have done well and still growing. So it is better to hodl such coins because they are not going to run with your investment. They have community that are supportive for it growth. Binance has made contract of shares with Forbs magazine, you can see it has a lot of prospect going forward.

Ararbermas

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Quote from: Stefanie302 on March 09, 2022, 08:30:43 AM

~snip

I want to see their roadmap but seems not working ???And for your information it's the most important aside of whitepaper, wherein to see what's the plan of that project and if they are really working in it or not.

I suggest be aware that most of the new projects nowadays can copy paste an idea especially a design of a good project in order to get more attention from investors as well.. So much better to obtain more information first mate and don't easily fell to prevent scam projects.. Be a smart investor!

makishart

legendary

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You must be careful with any new metaverse project. Despite the fact that metaverse has become the massive trend in the crypto but this also being used by so many scammers to launch their own scam token.
I have seen that so many scammers are also actively creating scam meta tokens. I do know that this coin already on hotbit and PCS but again this is a new project that is not worthy to hold
There are so many legit metaverse tokens in the market with low marketcap but i will call almost all of metaverse tokens that available in the market has small marketcap even compared with the meme tokens.
Why are you rushing to invest in the new metaverse tokens if there are some legit metaverse that actively trading in the exchange site?

Husires

legendary

Activity: 1596

Merit: 1288

metaverse became a sign for scam more than good investment.

Wherever you find the word metaverse, assume that you are dealing with a scam enterprise unless they prove otherwise.
For metaverse to succeed, it needs a huge investment from companies willing to spend millions, and therefore it is an activity far from what startups are trying to market.

Be smart and invest your money wisely.

Frengki_cisco

member

Activity: 790

Merit: 44

You can invest anywhere, including new projects, nothing forbids you from doing all of that, but you must really know the origin of the project, founders, teams, investors, ICOs and project developments in the crypto market, if you believe it's not a major issue for you to invest in.

Bitbtc8

full member

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The project looks promising but how the team will proceed with this project remains a mystery so instead of placing a big bet on this project I would say you should play safe, invest very small amount of money and see how the team handle the project first..new projects this days are cash grabbers.

Shamm

sr. member

Activity: 1148

Merit: 346

Quote from: Stefanie302 on March 09, 2022, 08:30:43 AM

<....>

The last decision is yours, but only thing others said that you must study about that new project don't be greedy and spontaneous make sure that if you already have a decision you will not regret it in the past so make your choice wisely.
But for me its better know what this project is before I join or invest with them.
Cause now days as we all know that there are many scammers or fishing sites so we need to double our security to prevent some loses.

$crypto$

legendary

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Smart is not enough, there must be skills

Quote from: Stefanie302 on March 09, 2022, 08:30:43 AM

Hello there, everyone! I hope you're all doing well. I've noticed that crypto projects grow in response to certain events, such as the project on metaverse, which has become extremely popular in recent days. Everyone is joining these projects, and everyone is profiting handsomely simply because Facebook mentions the metaverse. According to this analysis, there is a project called secretworld.network on BSC that is a gaming project with mostly live features, and I believe that due to the project's nature, there is a chance to make a good profit, so I'm considering participating in their presale that will be on 12th of March, but I'm afraid of losing money. So I'm looking for suggestions; perhaps you guys know more than I do. I also provide a link to a whitepaper and a website.
Website: https://secretworld.network/
Whitepaper: https://secretworld.network/whitepaper.pdf

It should be underlined, you say you believe and have thought positively about the project. but ends with doubts, as long as you know that in investing there is always a risk where when you decide to enter, it means that you are ready with the consequences that will be accepted. Whether it's bitter or sweet to invest depends on how brave you are in making decisions that have been considered in a particular project. So my advice is simply to go back to the extent to which you review a project, then how prepared you are for all the consequences. Don't be an investor who seems to think that everything has to be profitable. It's a crypto investment issue where cryptocurrencies are volatile assets. All actions return to the investors themselves, if you feel afraid then don't ever enter. Everyone needs a final decision.

Is not it?

Topic: Should I invest in new projects? - page 17. (Read 3266 times)