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Cryptocurrency discussions / Re: Is it risky to invest in new crytpo coin/tokens???
« on: Today at 12:58:00 AM »Many people don't or are reluctant to do research and analysis on every coin they want to invest in. There are facilities available and all you have to do is use them. CMC and CGK are tools that can be used to find coins to invest in. Just look for the best ranking there and you will be able to safely determine it.Actually, we can choose top coins if we want to be safe and this is also profitable, although not as big as the profits from new coins if the project is successful. but now as we know the risks are also very big. Many people experience big losses because of new coins, and we really have to have good judgment and analysis if we want to invest there.You are right, if you want to make a quick profit, of course you choose the new coin, but it is clear that the risk of a scam is also quite large compared to the old coin. So you always have to consider it as best as possible before making a decision good. Although not all new coins will be scams, most of them are like that.It's a smart choice if you choose Bitcoin and Ethereum as your investment coins. because those two coins are the safest to hold long term. New coins have a higher chance of profit if they are truly successful, but everyone says the risks are also high. and I, like you, don't dare to take that risk.
Yes new coins need to do deep analysis if you believe in new coins then never do long term it should be short term when you already have profit above 20% then immediately to take profit.
Now there are many new coins from L2 that have good fundamentals, although I myself have never bought or invested because it remains less convincing, this is just a matter of my own opinion so I prefer Ethereum in altcoins and bitcoin as the main investment.
have also agreed that Bitcoin and Ethereum are the best investment coins with very little risk were just need patience because this is a long-term investment.
You are right, if you choose a new coin, and it is successful, then the profits will be very big, but the risk will occur if the coin is a scam, then all your investment will be lost Then you will experience losses. Then, of course, you have to continue to be wiser......