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Risk is a justified action if it is an investment in cryptocurrency, you need to understand that before choosing a project in which you want to invest your funds, you need to thoroughly study the project.
Many of us were well known the Coinmarketcap from where we receive all cryptocurrency like coins and tokens details like on which exchange they listed, what is the 24-hour treading volume, or which platform they based on, etc. These days many new crypto coins and tokens was introducing and listing on many exchanges and It makes a very difficult decision for the investor to choose which coins or tokens should they invest to make some good profit. Many of the new cryptocurrency was makes a good pump in their stating days and after they dump in a very dramatic way. This cause a big loss to the investors and the trust in these types to new coins and tokens was finished. So, the main question is that Is it risky to invest in new crypto coins/tokens? or it is good for a very certain time of investment?
Yes, i think new cryptos are very risky. If it is good then you can earn lot but most of the time have the possibility to fall down or scam. It is better to analyze first and then prepare for investing.
Quote from: Ronald on January 05, 2022, 05:16:57 PMYes, i think new cryptos are very risky. If it is good then you can earn lot but most of the time have the possibility to fall down or scam. It is better to analyze first and then prepare for investing.Working with cryptocurrencies in any case involves some risk for our investments. We will not make a profit if we do not take reasonable risks. The least risk when investing is the coins with the highest level of capitalization. But at the same time, new coins and tokens are sometimes able to bring much more profit than such top coins. Therefore, we need to study the market and take smart risks. Only in this way can success be achieved.