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Cryptocurrency discussions / Re: Is it risky to invest in new crytpo coin/tokens???
« on: April 07, 2024, 11:59:03 PM »Investing in new coins is very risky, because we don't understand the reputation of the team, many people experience losses investing in new coins/projects, I think it's just greed that doesn't think rationally. Because new projects are prone to fraud.Yes, some new coins have no good developers or team members. We can't trust them if they have bad reputation, they must disappear after the coins have been launched in the first exchange. It is better to sell the new coins when it is still hype, so the price is still quite good. But if we are greedy and want to see it to skyrocket, we probably will end up with losing everything. I've experienced several time that I lost all my money because I'm greedy with new coins.