Just as new coins can change an investor's fortunes, they can also lose everything. Newbies are more likely to lose if they don't know where, when and in which projects they should invest. As the bull market is near, there will be a flurry of new projects. Investors must be cautious during this period. A better understanding of market conditions should be gained. Not all new projects are good and not all projects are bad. Before investing, an investor must carefully observe the project and take the investment decision, otherwise, if the project get scammed, he will face huge losses.