Topic: Should we buy tokens for young projects? - page 5. (Read 840 times)

This was written 2 years ago, think about it today.

After almost a year, when real money went into crypto and the world of crypto has grown significantly we can summarize the preliminary results.

1) Incredible and obvious leader (ICON, it was expected by hai, in December 2017 it confidently broke through 4.25 and flew even higher, and today as much as $0.2, sure minus x21

2) EOS with huge potential, brought in minus x5 for the year, Stablecoin!

3) Apparently undervalued project AIOM, the project is still ahead, but it is only minus x40.

4) Chinese NEO, the result of cooperation with the Chinese government, it brought the whole minus x11

5) WANCHAIN - it is 10 out of 10, the result is sure minus x20

6) Dark horse RChain, may or may not give X's, so far minus x16

7) QTUM was worth 4 billion, there was no point in gaining on the whole cutlet, for as it is almost on the moon, and today is already minus x35

incredibly strong and insanely cool Cardano, can only be compared with Aether, a very serious project, hold at minus x21, hope and watch

9) Astrologers proclaimed the year of ETH, overtaking bitcoin in capitalization. $750 per ETH is negligible, only going forward and only perpetual growth, as of December 2018 at minus
x8.5, not a bad result.

10) IOTA, dozens of contracts with technology companies, including in the automotive industry brought there minus x18.

Yes, it's too risky to invest in a newly developed project because we don't know whether it will be successful in the future or not. but if we don't invest from the start then we will be left behind when the token price for the project is already high right? For that, a fairly in-depth analysis is needed, such as who the partners are, the people who are behind the project, and many more that deserve attention. Yes, I also invest in new projects but first dig up information about the project, see how it develops in some time and then jump in to invest.

Its not easy to find a gem in new projects but there's a way if you're determine. We cant say early if the project is promising even it has a good roadmap and whitepaper because we'll never know what will happen in the coming days.

Thus an extensive research is needed. We need to dig deeper in order to find a hidden gem.

I do invest too in new projects but I make sure that I did my part to not end up in worthless project.

Only by joining their community can we know what phase they work in and will do so we can decide if that project is worth investing in their projects. If you think that the projects are worth risking, you need to be selective to choose the project because the project will offer the best for the investors but some offer a zero return for their investors.

Seeing the offers on the internet is like catching a cat in the box without us knowing because all projects will show their plan and great promises to people and the investors. That is why we do not have to buy many tokens if we do not see good progress.

They just want to gamble their money and seek a profit in a short time period but they don't want to hold this new project in a long term.
It could be profitable when you are lucky enough but if not, you will be lost your money, so it's a pure gambling which is you don't know what will happen in the future about your investment.

To increase the chances of making profit, you should have your own research per young project so that it will able to minimize risk.

At times young projects progress well at the beginning, in between due to lack of funding or some sort of issues the development gets affected. This directly makes impact on the project. More potential projects have grown good and stopped performing and once again pushed after long years. As in the quote if you're into taking risk it is good choice to go with young projects. There is more chances of profit making as well as losing.

There is an issue in the telegram group at the moment, contracts made are high risk for scams based on analytical data from tokensniff and Dev is also less active in the group. i hope dev can clarify this issues soon.

https://tokensniffer.com/token/0x0cbd6fadcf8096cc9a43d90b45f65826102e3ece

even projects with very well-written whitepaper and published team members can rug pull these days. so won't trust those new projects without giving meticulous research and assessment. sometimes it is advisable to invest in established alts with long years of existence. but if you are a risk taker and you feel you did your homework, why not?
at the end of the day, it is your money, and you have all the privilege where you want to invest it with.

it was always very risky


nowadays there is a sophisticated form of scam which consists in creating a project where the team members are real people and the project has some use, but after collecting money the project creators dump all the coins and start traveling around the world and they abandon the project little by little. that way they scam without being punished and accused.

I would say that if you are going to invest into projects very early on, then you should avoid putting it too much money, and it solves all the risks there is about the doubts you have. Take $10 for example, it is small enough number that it is probably not a big amount anywhere in the world, maybe there are some places which you need to work a few days for it, I really do not know but it is definitely not big enough that you would be crying over it if you lost in 99% of the world.

In that case you could put it in a small project, if it does 10x then you have 100 bucks and you have a side thing that you could invest 10 bucks to 10 different projects now, if not then say goodbye to your 10 bucks and move on. The amount could change but this is by far the most effective way, put an amount you do not mind losing and you would be doing a much better job.

Its always a risk to invest in new projects. We all know there are hundreds of ways scammers will use greed against us and frankly, we are making it easier for them.
I remember many great, popular young projects with great potential back in 2017, but then bear market took many of them away. I cant image what will happen if we slip to a deep depression again.

This is not a difficult question if you go through this forum then you will find many people are asking similar kind of questions because when you are entering to this crypto space definitely you will come across this kind of questions and it is good because it will help many other people like you who are all getting into this investment opportunities for the very first time.

At the same time I like to suggest you not to go for any of new projects but get into bitcoin and other similar kind of old and long running coins because this kind of coins got minimum guarantee to get you some profits compared to losing all your capital with new projects.

Most people now are buying tokens from young projects because of the hype and FOMO. Only a few are analyzing the projects they want to join. To answer your question. Yes, I also follow some tokens from young projects that I think have a good roadmap in the future.

Actually no one can know whether the project is promising or not. but at least we can know from the concept and the team in it. If the team in it is genuine, of course we dare to invest, even if only in small amounts

Some projects are worth risking, provided the team have background as well if there are companies who will backup them when they need more funds for their project. It's really hard to trust nowadays that's why they must have smart teams who will ask help for people knowledgeable or who might be a help for them and they must guarantee the path or flow of their projects to make it a success. Buying not much token will not hurt us too much but if it's worth a try just make sure to be updated on its development and see if it's still worth having.

in my opinion, old or new projects all have risks as long as we are observant in reading a project, especially for projects that are running according to the roadmap and checkdot itself has been running in Q4 and indeed next year will develop the NFT market itself, hopefully this project can run successfully and investors will get even more

Yes!


True, if you find a project that has a very good vision, it will make your investment a very good investment, but keep in mind that a good roadmap is not everything, every project wants to provide a good introduction to potential investors, therefore they would make a good roadmap for it. but in reality, not all projects are able to make the hopes of the roadmap come true.


This token looks promising with its low supply, I saw on Coinmarketcap that CheckDot (CDT) only has 10 M max supply.



Yes, i did, i made an investment on Catena X (CEX) Token, good project with strong fundamental for bridging purpose, this token already listed on Coinmarketcap and Coingecko, btw, to know more about this project you can visit their website or ANN Topic

Yeah why not. Its potentials are great but also higher risks. These coins have the potential to go to 10X easily within the first listing in good exchanges and sometimes goes beyond even more. I have been investing recently with new emerging projects like GOMT, TST and even Sovryn which bring a x10 return in the past few months.

I think young projects are more promising than old projects, they have a strong spirit and vision for the future so I always invest in new projects, of course not all new projects I buy, I am very selective in choosing which ones have the potential to skyrocket in the future.

Say for example a new phone company just started releasing their brand new phone. Would you trust them your money for your safety of using the phone or even not being scammed?
It is not all about the teams sometimes, OP. It is all about the slow progression of the project itself. Consider in cryptos that there are exit scams. I recall Squid Game token even doing this, not sure if it was exit scam, but it is similar to it.