Old coin or new coin which will be better? 2024

[Makus]

The best thing is to buy both old and new coins. Although, more new coins. Seems like the tech behind old coins get old and outdated because most of these old coins aren't performing as expected these days. And apart from this, they already have huge market cap compared to new coins.

Which old coin is not performing well? If you look towards the top old coins like Bitcoin, Ethereum, BNB and Solana then you will see that their performance is becoming better than previous performances.

Although some new coins are offering huge profit but it also possesses huge risk and you can lose money due to the presence of such risk. I will always prefer to invest in old coins about which we know better and are not doubtful assets but if you invest in new coins then you will always be in thoughts of whether they will rise or fall again to the low value so decide well before doing anything.

That's correct mate, old project are actually performing well. Most person have given up, while some still hold the consciousness that old projects are going to start experiencing massive dump but unfortunately they are still doing just fine. Well for starters, I recommend trading or holding old coins as they will give you a good basic experience even as the risk is minimum compared to newly launched project. I can't deny the fact when it come to profit new project are the fastest to get to a huge profit but this price comes with high risk, as there are several scam projects out there which might look promising at first but deep down, they crash sooner or later.

[Gurujebs]

Anyone who wants to invest in crypto clearly does not want to experience losses, so it is right and natural not to take high risks when determining where to direct their investment. Whether you are an old hand or a beginner, you certainly won't dare to do something that could be said to be detrimental. I agree, every crypto project must be analyzed well before deciding on it, because there is always the possibility of doing a wrong analysis if you don't carry out the analysis carefully.

If really there is a way we all can avoid losses, we are going to do that but we should know for a fact that it's not everyone that will always win when in this cryptocurrency. In the last bull run, if you ask how many people that made profit and sold at the top are just few in numbers, the majority suffer loses because many never believe what happened could actually happen because everyone were bullish.

All coins possess some risks and how the team handle each of them makes it losses minimal, if for instance you invested in altcoins like BNB, when the market is dumping, it wouldn't be that catastrophic like other altcoins that doesn't have good relationships and reputation in the cryptocurrency.

[Mr. Magkaisa]

If we see bull market this year which token will be the best profit to hold. Although risk is higher of newer altcoins but older altcoins are now more dependent. Thinking that buying before the bull market will be more profitable!

      -   As far as I know, the Ponzi scheme is not only used in cryptocurrency; as long as the scammers can get a lot of money, they will attach the Ponzi system there.
But I just noticed that the Ponzi scheme is not that rampant anymore; it seems that it has decreased somehow.

For those who are aware of the Ponzi scheme, they will not be victims of it for sure, but for those who do not know about the movement of such schemes, they should be careful and not be shy to ask questions or do not hesitate to learn about this system.

[Agbe]

      -   As far as I know, the Ponzi scheme is not only used in cryptocurrency; as long as the scammers can get a lot of money, they will attach the Ponzi system there.
But I just noticed that the Ponzi scheme is not that rampant anymore; it seems that it has decreased somehow.

Ponzi Schemes do exist but it is not like 2015 to 2022 again. In my area Ponzi Schemes are not much in the cryptocurrency market but it manly in the fiat currency. In the crypto market right now they are using different methods to scam people. And mostly in the telegram. If you have small problem with wallet or with a transaction and you just lay the complain in telegram then you have created a way for them to scam you. So please you people should be careful with telegram the scammers den.

[yohananaomi]

Anyone who wants to invest in crypto clearly does not want to experience losses, so it is right and natural not to take high risks when determining where to direct their investment. Whether you are an old hand or a beginner, you certainly won't dare to do something that could be said to be detrimental. I agree, every crypto project must be analyzed well before deciding on it, because there is always the possibility of doing a wrong analysis if you don't carry out the analysis carefully.

If really there is a way we all can avoid losses, we are going to do that but we should know for a fact that it's not everyone that will always win when in this cryptocurrency. In the last bull run, if you ask how many people that made profit and sold at the top are just few in numbers, the majority suffer loses because many never believe what happened could actually happen because everyone were bullish.

All coins possess some risks and how the team handle each of them makes it losses minimal, if for instance you invested in altcoins like BNB, when the market is dumping, it wouldn't be that catastrophic like other altcoins that doesn't have good relationships and reputation in the cryptocurrency.

In doing anything, especially in crypto investment, everyone does not want to experience losses at all, but sometimes it is unavoidable that they end up experiencing that, but as an experienced person, you should not give up hope but make it a lesson so that it doesn't happen again.
I think everyone chooses and analyzes well before placing their funds in a coin/token, but if you don't have the intelligence to analyze well, there is always an option available, by using the instruments available on CMC and choosing the ones with potential and the best ranking.

[Gurujebs]

Ponzi Schemes do exist but it is not like 2015 to 202 again. In my area Ponzi Schemes are not much in the cryptocurrency market but it manly in the fiat currency. In the crypto market right now they are using different methods to scam people. And mostly in the telegram. If you have small problem with wallet or with a transaction and you just lay the complain in telegram then you have created a way for them to scam you. So please you people should be careful with telegram the scammers den.

You didn't mention the obvious scam meme coins. So many people are hiding behind meme as a fun token to get money from people and they are getting away with it because people gamble with it but it doesn't stop the fact that this things are all scams, a lot of meme coins are launched everyday just to get away with peoples money with rugg coins and tokens.

Some influencers are contents creators but they have falsely directed their followers to buy fake coins and scam projects and this happen every cycle of the bull run in crypto, they shill coins and does all sort of scam to their followers.

[Agbe]

Ponzi Schemes do exist but it is not like 2015 to 2022 again. In my area Ponzi Schemes are not much in the cryptocurrency market but it manly in the fiat currency. In the crypto market right now they are using different methods to scam people. And mostly in the telegram. If you have small problem with wallet or with a transaction and you just lay the complain in telegram then you have created a way for them to scam you. So please you people should be careful with telegram the scammers den.

You didn't mention the obvious scam meme coins. So many people are hiding behind meme as a fun token to get money from people and they are getting away with it because people gamble with it but it doesn't stop the fact that this things are all scams, a lot of meme coins are launched everyday just to get away with peoples money with rugg coins and tokens.

Some influencers are contents creators but they have falsely directed their followers to buy fake coins and scam projects and this happen every cycle of the bull run in crypto, they shill coins and does all sort of scam to their followers.

I might not know the ones that are popular in your area. Ponzi Schemes to double your money within 2 hours to 24 hours was very popular in my country from 2015 to 2022 but those scammers have channel their attention to airdrop because it is easier for them to get some uneducated people through telegram. But at first they were trying to use cryptocurrency but it didn't work for them so they are coming from the airdrop perspective. And they people are falling. Davido memecoin scammed a lot of people in Nigeria because they thought Davido is a celebrity so he would develop the memecoin to standard level and he ran away with their investment.

[bayu7adi]

I might not know the ones that are popular in your area. Ponzi Schemes to double your money within 2 hours to 24 hours was very popular in my country from 2015 to 2022 but those scammers have channel their attention to airdrop because it is easier for them to get some uneducated people through telegram. But at first they were trying to use cryptocurrency but it didn't work for them so they are coming from the airdrop perspective. And they people are falling. Davido memecoin scammed a lot of people in Nigeria because they thought Davido is a celebrity so he would develop the memecoin to standard level and he ran away with their investment.

And that makes us all consider that meme coins are also a new way for fraudsters to make money... this is related to their freedom in creating meme tokens which is the main door to many frauds... using famous names such as artists is also included in the scheme a fraud that is almost unnoticed, or perhaps many are aware of it but they choose to buy it for the reason of enjoying the possible price increase of up to hundreds of percent that may occur.

In my area this method is also popular, because I think many people are starting to realize Pozi, the strategy of using new tokens is quite attractive to many Telegram users too, including in the airdrop group. It's true that the price is cheap, but that's quite a lot if there are a lot of buyers.

[pieppiep]

I might not know the ones that are popular in your area. Ponzi Schemes to double your money within 2 hours to 24 hours was very popular in my country from 2015 to 2022 but those scammers have channel their attention to airdrop because it is easier for them to get some uneducated people through telegram. But at first they were trying to use cryptocurrency but it didn't work for them so they are coming from the airdrop perspective. And they people are falling. Davido memecoin scammed a lot of people in Nigeria because they thought Davido is a celebrity so he would develop the memecoin to standard level and he ran away with their investment.

And that makes us all consider that meme coins are also a new way for fraudsters to make money... this is related to their freedom in creating meme tokens which is the main door to many frauds... using famous names such as artists is also included in the scheme a fraud that is almost unnoticed, or perhaps many are aware of it but they choose to buy it for the reason of enjoying the possible price increase of up to hundreds of percent that may occur.

In my area this method is also popular, because I think many people are starting to realize Pozi, the strategy of using new tokens is quite attractive to many Telegram users too, including in the airdrop group. It's true that the price is cheap, but that's quite a lot if there are a lot of buyers.

In fact, many new meme tokens are created just to deceive traders who don't have much knowledge about trading shit coins. Some time ago I saw Book of Billionare (BOBE) which was being hyped on the Solana network. Until finally the current price fell very sharply. Many of them are fooled by people who often talk about BOBE on Facebook.

Luckily, I was not affected by this incident and will be more careful when trading on the Solana network which is full of trash tokens.

[Agbe]

In fact, many new meme tokens are created just to deceive traders who don't have much knowledge about trading shit coins. Some time ago I saw Book of Billionare (BOBE) which was being hyped on the Solana network. Until finally the current price fell very sharply. Many of them are fooled by people who often talk about BOBE on Facebook.

Luckily, I was not affected by this incident and will be more careful when trading on the Solana network which is full of trash tokens.

I think there is a scam accusation on Blum right now in bitcointalk https://bitcointalk.org/index.php?topic=5500659.0. And when Blum first came out people were saying that Blum was a good airdrop because it is own by Binance but finally it is a scam project and all the people that were farming the airdrop wasted their times and data. In this industry one has to be wise up and smart and fast if not scammers will scam you and you won't know until you successfully send everything to them and before you will realize, your funds are gone.

[Rubel007]

There are many who want to invest in new coins or tokens because there may have high profits. But by this greed some investors invest all their assets which in turn leads to loss. Investor must do good analysis before investing. None of us can get guaranteed profit from any investment. So we have to give utmost importance to ensure the safety of my assets before investing. Although no investment in the crypto market is safe, but those who invest for long term will definitely be profitable. Not only by looking at the coin but also by how strong the fundamentals of the coin that should be considered.

[albon]

It is difficult to predict whether new or old tokens will be profitable. Because you should research that there are many tokens in the current market which are a mix of old and new tokens. But if you consider risk side then risk is always high for new tokens. Again, the public risk of old tokens is low and can be invested for long time. But it is clear that top coins are always ready to give you profit like btc, eth. But buy at a right time interval which must be a dip market.

[koang]

It is difficult to predict whether new or old tokens will be profitable. Because you should research that there are many tokens in the current market which are a mix of old and new tokens. But if you consider risk side then risk is always high for new tokens. Again, the public risk of old tokens is low and can be invested for long time. But it is clear that top coins are always ready to give you profit like btc, eth. But buy at a right time interval which must be a dip market.

Good advice, profits are not made when we sell but when we buy.

Many people make a lot of money by trading but all markets go up and down, when Bitcoin is falling, the “buy and hold” strategy is the most appropriate choice. IMO
But I'm not a millionaire, I'm poor, so Altcoins are the most appropriate choice to increase my satoshi
Take care. Rough times ahead. Do the best we can.

[Roseline492]

It is difficult to predict whether new or old tokens will be profitable. Because you should research that there are many tokens in the current market which are a mix of old and new tokens. But if you consider risk side then risk is always high for new tokens. Again, the public risk of old tokens is low and can be invested for long time. But it is clear that top coins are always ready to give you profit like btc, eth. But buy at a right time interval which must be a dip market.

Is true that it will be very difficult to actually know whether old or new tokens will do well but in consideration old tokens are the best because they have actually been on existence for long without having any issues on price manipulation or rug pull, so at least from that the person should have an understanding that after investing on it there is a high chance of there investment safety.

Unlike most of the new tokens that claims to have a good potential when there actual motives are sometimes else, so like you said in terms of security new tokens should not be considered because we may not really know anything about them since they are still new on the crypto space, though there are some new tokens I have seen people made a lot of money but I actually consider it to be very risky because is like gambling that you are not certain of wining.

[Agbe]

Is true that it will be very difficult to actually know whether old or new tokens will do well but in consideration old tokens are the best because they have actually been on existence for long without having any issues on price manipulation or rug pull, so at least from that the person should have an understanding that after investing on it there is a high chance of there investment safety.

Exactly but why people are selecting old coins because the old coins have some guarantee that they will stay longer and improve in the future but the new coins which have not gained ground in the industry is scary to many investors. And because of what has happened to many investors in the cryptocurrency market, others are afraid to invest in the new projects. Like what happened in my country, many people invested in the new memecoin which was developed by Davido and the project crashed and all the people that invested in the project lost their funds so people became afraid to invest other new memecoins. I also prefer investing in old coins though new coins make people have to have great profits. But if you have luck.