Often as a newbie, when you see a new project you are tempted to invest in it. Why I agree that not all new projects are scam, always ensure that you do your own research before putting your hard earn money into a project, otherwise you will wake up to discover that the devs have disappeared with your money.

I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.

So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.


Please, be careful out there, the devs are not smiling
 And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.

That's right, always be vigilant and don't easily believe in a Defi project that doesn't have a reputation, let alone haven't passed an audit so that it makes us regret it, I think Defi still has good prospects in the future so we should invest money in many Defi projects.

The existence of new altcoins keeps reaching the market in different forms. From the beginning it have been getting into the market as ICO, defi, NFT and it continues. Bitcoin doesn't have anything to do with it. They get developed and comes to an end. Most of the altcoins, other than the top listed ones were used as a gamble.