Now there are lots of new projects and they make promises to investors so that the project progresses, after the project progresses and the coins are sold until they reach the target, then the project party runs away and abandons its customers, causing harm to many people..
In my opinion, if we want to invest safely we need a lot of knowledge and we have to be careful about the projects we want to invest in.
What advice do you have for beginners who want to invest?
If you are a new investor or newcomer to cryptocurrency investment, my advice is:
Avoid new projects.
- In this case, avoid tokens or coins that come from new projects, especially those that do not have a strong team and fundamentals.
- Avoid investing in coins or tokens that have just experienced hype, most of them will fail and will not meet their ATH price again in the future.
- Invest in Bitcoin, if you want to invest in altcoins, only do it in top coins that already have fundamentals, use cases and high market cap.
- Be careful of various scams and the possibility of rugpull to avoid a much greater risk of loss