Topic: Should I invest in new Projects (Need Suggestion) - page 2. (Read 516 times)

Hey! your fear is natural, all new projects are not scams but there is always a high risk involved with investing in a new project.  
It's good to understand the project main course and the unique features that is offers to the market.
Knowing about the background and the credibility of the new project team is also must. Looking like professional is not enough to invest in a project as many of the scam projects had alike professional teams that's why people invested in these projects.
By the way I am a little curious whether you are genuinely asking to invest in it or you are trying to advertise the project for free???

from what I can see, this is a new project, and many people say that a new project has a bigger risk than an existing project. From what I see, this project is not that good, and it still has a lot of flaws, moreover, there aren't that many users and the community isn't that big. However, it all depends on your decision. Personally, I might prefer investing in more popular altcoins.
However, if you are afraid of losing the money you have, don't invest in new projects, because you understand that so many new projects are scams nowadays. Choose a popular coin to minimize this risk.

When we say benefits, it should be their application. If they have this, people will have a reason to buy them so their value grows too. That is why we investors can earn on them. There are so many new projects but the majority of them are only built to give confusion. If we invest randomly then there is a good chance than we can pick them.

You are not aware of the project the OP mentioned, well obviously because it was still fresh from the box but you can investigate and share what you discover on here, if that one is worthy or just another attempt to deceive the public. I won't advice talking to the projects team because their response are surely going to be biased.

I am going to be a bit neutral in giving OP an advice, since s/he was not inactive for almost a week after posting this. I don't want to sound rude, but this might be another one of those users abandoning their accounts after posting a project that they "think is great" plus giving bland description about the devs.

In case any other newbies are reading this thread, just take OP's point with a grain of salt and do you own research or just go with Bitcoin. I might sound bias, but we're all in BITCOINtalk forum anyway.

The OP is certainly just asking for advice on how to choose a new project as an investment. BItcoin is indeed highly recommended and no one can deny that.
But in this discussion OP may want to choose a new project as his second investment.

For the project that OP chooses, it cannot be confirmed whether it is just a fraud scheme or not. Everything requires research and of course, research must be done as a whole. There are many tools that can be used to check all information about new projects.

As you said most of the new projects today that are not clear will only be for fraudulent purposes including sugaryield.com which is also unclear.

The risk is indeed quite large if you have to invest in a new project that is not yet clear what the purpose of its development is and how to price it in the future. There are many new projects, but it is better to choose a project that is recommended by many people and use money that you can afford to lose so that there are no regrets when the project fails or disappears.

I also followed dozens of new projects and some of them gave me a lot of benefits, but also got some losses.

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Even Gary Gensler as chairman of the US Securities and Exchange Commission (SEC) shared a tip to find out the characteristics of fraudulent crypto projects.

In a podcast discussion that Gary Gensler had with SEC Commissioner Caroline Crenshaw,
Gary Gensler explained that there are 3 signs that indicate the new crypto project is a fraud.

1. Gensler said that a crypto project that cannot provide clear documentation of how it works or plans to achieve its goals is a fraudulent project.
2. The developers of the crypto project cannot explain their own project, so no one is clear about what the benefits and uses of the project are and what it will achieve.
3. Can't show compliance with the regulations that have been made.
Gary Gensler warns that offers of very high returns should raise suspicion and should be viewed with caution. This is especially true for projects that are too complex or rush investors into making decisions, which can lead to the fear of missing out (Fear of Missing Out, FOMO).

https://twitter.com/GaryGensler/status/1618988968430764035?s=20

The main reason for the emergence of new projects can be cheater, and many projects do not even continue. Finding a gem project is a really hard job and you have to be lucky. The project has to convince you completely and you have to believe and invest later, it's a really big risk. Sometimes I also invest in new projects like this, it's always more fun than going on a single plane.

Why have you chosen to invest in altcoin instead of a reputable coin like Bitcoin, though it seems very late to invest in bitcoin but to me viewing from the previous price of bitcoin there is a possibility that you are still at the bull trends.
Talking of surgaryield, I have no idea of this project because most of it are solely for scam purpose after you invested. Therefore I suggest you to reduce your interest from sugaryield.com if you must invest, there are other altcoin like viewing from  Coinmarketcap.

investing in new projects are very risky because we don't know the real investors and backer of the project. similarly we don't know that this project will be prove successful or not. many projects take advantage of current trend and there no products and team behind and investors loses in this way.
there are mainly three ways to take part in new tokens. ICO,IDO and exchange Launchpad. 90% of ICO,IDO Users loses in it because locking period is so long and private sell users dump coin hard and vesting token will not give you any profit.
Exchange launchpad token can give you Profit and here you will not get greater number of allocation. you have to Stake exchange token in large number if you want to get more allocation.

This project is based on high yield providing dex system and they offering very high yield on btc and busd which will not remain for long time. sugar yield has no big partnerships and my recommendation will be to don't invest in this project. Their community is very small and Theirs APP has download by just 1k users.

You can invest in a new project that you think can provide benefits in the future.
But please remember that with so many new projects out there, you should be able to research each one properly so you don't choose the wrong project.
I didn't know about the new project you mentioned and I'm not interested in investing in the new project.
And because of that, you should invest in bitcoin because we have seen the potential profit you will get in the future.
If you are sure about the project by finding out more about the project, including talking directly with the team and even from the team leader, feel free to start investing in the project.
And remember that everything has risks.

The point here is that "should I invest in new projects" and "should I invest in THESE new projects" are different as well. Even though I highly suggest not to invest into new projects no matter which one it is, there could be some people who could say, do not invest into these new projects but generally speaking you could invest in new projects.

The logic is that they would be able to give you bigger returns than a bitcoin investment could give you, which I understand and agree if you pick the right one. However, it is also very important to realize that these would usually turn out to be bad projects that will not be able to help you make any profit.

If they were good back in the day and still survived? Sure, but that would be also true for bitcoin and ethereum and bnb for example, that means why would you want to risk your money and invest in those things, when you could simply invest into the big names anyway and make money?

I personally do not like new projects, and none of them look good to me, doesn't matter which one, I haven't heard the names of almost all coins people talk about, which goes to show you that they are not big at all and they are "expecting" a growth but if it hasn't happened after a month, it won't happen later on. At the end of the day, you can't go wrong with investing into bitcoin, that's a good idea at all times.

It makes sense to invest in new projects that have funding rounds and large partners in the form of funds and various companies, whether it is a cryptocurrency monitoring site or an exchange. Everything else is not worth attention. If your project doesn't have any of the things I've briefly listed here, such a project is unlikely to be successful in the future. When people say that investing in new projects is always risky, they are always talking about projects that do not have funding rounds and public sale of tokens on some well-known launchpad.

I think if anyone wants to invest in new projects so first of all they gain all knowledge about project see there important points like roadmap, supporter, read there Whitepaper if project are real are strong so definitely invest in project they definitely give you profit.
If someone directly invest without any inquiries so its os risky.

I myself am not too sure to invest in a new project if I have not researched or analyzed the project. but to reduce the risk that will befall anyone, it is best to invest in a safe way, namely by investing in a project that already has recognition from many people. the point is, invest safely in projects that are guaranteed to avoid the risk that will befall you.

The wrong decision to invest in a new project because the future is not yet visible, you also have to know that every day there is a new project. You must be smart to choose to invest in a new project because the risk is very high. Be wise in managing your own finances, preferably when investing, look for altcoins that have good potential going forward.

We cant generalize or could say that it would be 100% scams but still people who are tending to find those gems around and this is why we cant really just missed out on investing while it is still on their earliest phase.
Of course we are really that minding on making ourselves rich and there's no way that we could be able to choose out precisely and this is why it would really be that important for us to make some in depth research
and make out some analysis even though its not really giving out guarantees but at least we've done our part rather than on choosing or buying a particular coin/token without any basis, then thats
definitely a gambling and not an investment.

You are aware that there are so many scams projects nowadays and most of them could come from new projects. I think that was enough answer to your own question, so you better stick only on old and proven projects for years as they are guaranteed to last for a couple of years than trying your luck on new projects which might not last long enough even if they show a good start.

You only need to keep in mind that there are still a few risk involved even in the old projects so if you are afraid to lose money even if a small amount or for temporary only then you better stay from investing. You better sit there and do nothing but you will also gain nothing that way.

Investing in new projects needs a lot of research because some of the new projects nowadays were created to scam people so if you won't do anything to recognize what's a scam and what potential projects are, you might only fall for scammers' traps. There are still things that you have to consider before trusting a new project so if you want to save yoursef from possible losses, just focus on well-established coins than risk on new projects not unless you will have a guarantee that a project has a big potential and is being managed by trusted people.

There are many old projects that have strong fundamentals for the future, why are you more interested in new projects that may not necessarily have a better future. There is nothing wrong with investing in a new project as long as you are mentally prepared to lose your money and vice versa you can get big profits. But of course the risk of loss is very large, especially if you don't reset first, it is very fatal in investing.

Sometimes you are right, and when you are right you make money, and sometimes you are wrong and when you are wrong you lose money. That is what investment is all about, being right and wrong time to time and it changes hands. I believe that we shouldn't be shocked that most people are wrong, because there are too many new projects and some of them are really bad, most of them are just bad.

I personally believe that the best thing to do as of right now would be to stay away from these things and try to invest into long term good coins like bitcoin, but if people disagree then I am fine with that as well. I am not saying it's going to be easy, it's just not my situation.