Do you invest in new projects?

[Joseph@0]

hello everyone i want to ask that investing in new projects has worth or not because to many scams projects now a days and i am afraid of losing money.

i wanna invest in octafarm.fi and this project looks really amazing and unique and the team looks professional what you guys think about this i need suggestions may be you guys know better than me.
Whitepaper: https://octafarm.fi/whitepaper.pdf
Website: https://octafarm.fi/

[Wahyuihib]

I think this project is also promising. but it's all up to you personally. if you think this is the right time to start, I hope you are not wrong to invest in this project..

[Ararbermas]

It's always good to invest in a new projects but you must seek significant information first as well before anythings else because as you said there's so many scam project. so in order to prevent such things better to invest time first to assure your money is in a safe place.. Fundamental analysis is the most important mate and keep seeking for more information and data about the project to figure it out if they can guarantee a good return after all or if they're scam or not of course..just always put efforts and patience when it comes investing..

[livingfree]

hello everyone i want to ask that investing in new projects has worth or not because to many scams projects now a days and i am afraid of losing money.

No and if it's a yes, it's not going to be with the project that you've mentioned.

You're not afraid of losing money because if you do, you're going to avoid most of the new projects and won't invest with them. As someone who's afraid, I'll make sure that I'll be investing to the known projects and cryptocurrencies.

The first on the list will be bitcoin and then Ethereum.

That's the type of investing style that I'll be doing if I'm someone who's scared of scam projects.

[Haselh70]

There are so many new project in the crypto world and every project seems to be very promising at first but end up wrongly. Most importantly its not about investing in a new project but investing in one with a well detailed roadmap and erudite team. Yesterday i came across a project called MCOIN which read and see that the project  M-coin (https://m-coin.io/) aims to disrupt the cloud storage industry by eliminating the current industry barriers. M-coin network is working on the development of a reliable cloud data storage that promises low costs and security for the user’s data.

Feel free to check their useful links;
https://m-coin.io/
https://m-coin.io/Content/whitepaper/English.pdf
https://t.me/mcointech
https://twitter.com/McoinTech
https://www.facebook.com/mcointech

[aranacj]

hello everyone i want to ask that investing in new projects has worth or not because to many scams projects now a days and i am afraid of losing money.

i wanna invest in octafarm.fi and this project looks really amazing and unique and the team looks professional what you guys think about this i need suggestions may be you guys know better than me.
Whitepaper: https://octafarm.fi/whitepaper.pdf
Website: https://octafarm.fi/

Investing in new project is really good if the project has a use.

I think you should study first the white paper of that project and check the credibility of the developers. As we know right now there are too
many rugpulls. Even though the projecct has a really good white paper or use if the
developers are having some hidden agenda, then it is not safe.

so better check the background of the team developing the project.

[masterrex]

hello everyone i want to ask that investing in new projects has worth or not because to many scams projects now a days and i am afraid of losing money.

i wanna invest in octafarm.fi and this project looks really amazing and unique and the team looks professional what you guys think about this i need suggestions may be you guys know better than me.
Whitepaper: https://octafarm.fi/whitepaper.pdf
Website: https://octafarm.fi/

Yes but only for the short term, and for a selected few, because I was extra careful now on choosing the newly created projects because I have too many bad experiences with the new projects before, that's why Im not going to give another shot but only for those real projects and not those shady ones. Anyway thanks for sharing I'll read that whitepaper to explore it further.

[Reid]

Another yield farming project. Why not just stick with Binance, then? That's more trusted than any new projects.
There is so much work to do researching about them so I just read the introduction part. It's not that bad but it's still a risk because of the competition they will have which as I said is one of the popular exchange in the world.
How could they maximize the increase of value if the competition is that high? I'd rather invest in new projects that focuses on the gaming industry which is exploding right now. Another option would be in the gambling industry.

[michellee]

I am not sure if new projects are worth it or not but some new projects can become potential to give us profit in the future, but that will not be easy to identify which new projects can do that. It needs more observation to find the right new projects from many of them.

Suppose you want to invest in that project. In that case, you need to search for more details about the project and not just read their whitepaper because many projects can easily copy-paste the other project's whitepaper. Besides that, you need to have a reason why the new project can become bigger in the future and we can be wrong in picking the project without having the right information.

I can only suggest you be careful to invest in any new project and only use the money you can afford because we do not know what will happen in the future.

[Beparanf]

I suggest that you should only invest on project listed on reputable launchpad like BSC Station, BSClaunchpad, Koistarter and many more. Its better to start DYOR on project listed there to minimize the risk of being scam since launchpad already do KYC and screen the project before they will list it. Launchpad gives investor a lesser risk on investing on startup project rather than DYOR from scratch without any insider info about the project.

[kojektea]

Right now I feel vulnerable with DeFi projects because we are entering a bear market if there is a Fraud-prone DeFi-based project. I've also checked the social media of the projects you share. There is no progress, just sales. If you buy the risk.

[bittick]

hello everyone i want to ask that investing in new projects has worth or not because to many scams projects now a days and i am afraid of losing money.

that's a scam and you should avoid to deal with suspicious project like that.

i wanna invest in octafarm.fi and this project looks really amazing and unique and the team looks professional what you guys think about this i need suggestions may be you guys know better than me.
Whitepaper: https://octafarm.fi/whitepaper.pdf
Website: https://octafarm.fi/

This project didn't even have popularity among the crypto investors. If you are investing your money in this one and you  may be scammed and your money will be gone. This project looks very suspicious. You should invest in the project that has good reputation. You must not make your money. it's too risky to invest in a project that you didn't know how reputable the project is.
Do your own research.

[jeungo]

It is now too difficult to invest in new projects, due to the large number of projects, the essence is only in their own enrichment, but there is no final product. And therefore, all my investments at the moment are just a game for an increase or a fall.

[Cling18]

To be honest, it's hard to check the legitimacy of new projects these days because most of them were created to scam people. However, if you really want to invest in new projects, you have to do a series of research to have assurance that you wouldn't get scammed. You must check their whitepaper as well as the team behind them but as for me, I would still prefer investing with well-established coins.

[7deadlyBTCIN]

You are here to promote octafarm it seems, if all you want to ask is making profits out of new crypto coins why sharing a white paper of a project you hardly know? Anyways do your own research and invest only what you can afford to lose, most new projects are crap that won't show in take but later the truth will be revealed

[Tumanggor]

hello everyone i want to ask that investing in new projects has worth or not because to many scams projects now a days and i am afraid of losing money.

i wanna invest in octafarm.fi and this project looks really amazing and unique and the team looks professional what you guys think about this i need suggestions may be you guys know better than me.
Whitepaper: https://octafarm.fi/whitepaper.pdf
Website: https://octafarm.fi/

Again, I remind you that by investing with money you can afford to lose

I also often invest in new projects but often lose even though their concepts in the whitepaper are written convincingly and well

That also applies to the Octafarm project above, no one can guarantee whether it will bring you a profit, you just need to believe and be prepared for all the bad things that might happen when you invest in

[harizen]

I can't comment much on that project but you can refer to their community and see what others think about the project.

Check their website. It should have a link for their community platforms such as Telegram.

In that way, you can talk and share views with those users who are also following that project.

[tvplus006]

...i wanna invest in octafarm.fi and this project looks really amazing and unique and the team looks professional what you guys think about this i need suggestions may be you guys know better than me.

I do not understand what caused your interest in this coin, but I see that the promised listing of the coin on pancakeswap today has not yet begun due to lack of liquidity. Where did you see a professional team if there is no mention of them on the website and whitepaper? Obviously, you came here to shill this project, and you specifically registered in order to leave this message on the forum.

[jaberwock]

i want to ask that investing in new projects has worth or not because to many scams projects now a days and i am afraid of losing money.

I try to avoid them. I do not understand this fetish towards the "brand new" projects. I get that you may make 1000x even more returns if you struck gold, but that is so rare and yet a lot of people still test it. The amount of money lost on brand new projects that end up being a scam or failed could have been used on other big names and took them to a higher level. We do not have the total amount but if we took the total amount and used that to buy bitcoin, I am sure that we would be breaking the ATH price right now.

This is why I do not like them, even though I do not buy them myself, it still impacts the market enough to bother me and my portfolio as well.

[freedomgo]

I don't think this is the right time to think about investing into new project as we might enter bear market anytime and project may be paused or may not achieve desired result.

Apart from the market conditions it's bit difficult to select a genuine projects especially when so many whitepapers are reported for plagiarism and we have seen so many scams going on but one good project can make us much rich, I would suggest to check it in multiple forums. It's nothing short of gamble to invest into new projects

I agree on you. Investing in new projects will bring more risk and worst is, we might end up investing in scam projects. I think it will be better if we focus on the old and established coins for now because even if we are in tough times right now considering that the market becomes to look more bearish, i know those coins will always recover because their demands never lost. But for new projects, their value is not yet proven so there are no guarantees for them.