Re: Is it risky to invest in new crytpo coin/tokens???
Always take note that the higher the risk, the higher the reward and for me, investing into these new coins or new projects possess the highest risk in crypto investing.
Anybody can make a new project, then just rug pull it if they've got the money that they needed. This happens all the time, and mostly are happening within these new projects.
This is the reason why I don't invest in new projects. The fact that it's too risky for me is a no-no already. I would rather use that money to invest into some lower market cap coins like those at the top 51-100 or even lower in terms of market cap. Yes the reward would be lower, but I'm ok with that as long as the risk is lower as well.
If you want to invest into these new projects, make sure that you're ready for the worst because investing on it will just give you 2 outcomes. Either you will make a huge profit investing in it, or will make huge losses.