Should I invest in new projects?

[Stefanie302]

Hello there, everyone! I hope you're all doing well. I've noticed that crypto projects grow in response to certain events, such as the project on metaverse, which has become extremely popular in recent days. Everyone is joining these projects, and everyone is profiting handsomely simply because Facebook mentions the metaverse. According to this analysis, there is a project called secretworld.network on BSC that is a gaming project with mostly live features, and I believe that due to the project's nature, there is a chance to make a good profit, so I'm considering participating in their presale that will be on 12th of March, but I'm afraid of losing money. So I'm looking for suggestions; perhaps you guys know more than I do. I also provide a link to a whitepaper and a website.
Website: https://secretworld.network/
Whitepaper: https://secretworld.network/whitepaper.pdf

[ANSEL_2.0]

It's a play to earn game, website isn't the most attractive but it depends on what the team have to offer anyways, if I were you I'd invest only what I can afford to lose and take profit instantly when price goes up, I don't have the confidence of holding new tokens this days I'm better off holding ETH BNB or BTC.

[dbc23]

All I can say about projects like this is it's also risky If you did your analysis and you find it Worth investing in my candid advice is to you invest what you can afford to lose. If it's built on the binance smart chain network it might have a high possibility of making huge returns but it's still not a prerequisite to invest beyond caution. Do your research and keep the risk bearable

[lobo13hf]

I have been visiting the site and for me this project looks like an amateur project. The design that used by this project is very similar like so many shit scam copy cat project.I think that will be a very wise decision if you can avoid to deal with it. You have been making a good decision by talking to other about that and you didn't make your own choice with your ego to invest in the new token. There will always be a chance to make profit even from the shitty token like that and the problem is you must need to be careful with your money.
Investing in the new token like this will make you fall into the high risk high profit.

[safari88]

It is undeniably true that investing with new projects is riskier than of the others. What I would suggest for you, OP, is to seek as much information as you can to be knowledgeable about the project. And check any red flags you may find, and if by then you do not find confidence that you will succeed with it, I suggest that you do not proceed. While it is true that taking risks will lead to good paths sometimes, it is better to be safe than sorry.

[tsaroz]

Just streamed through the project and it seemed promising to me. It would be one of the good option among new projects to have a bit of your portfolio. If you wish to invest, I'd recommend you to do so as early as possible as these coins boost up ones being listed in exchange. And selling them at a higher price would be a desirable option as I haven't seen any play to earn games making good returns in long term. There are exceptions but these things mostly are left over when newer options are available for the players.

[Jackl87]

Hello there, everyone! I hope you're all doing well. I've noticed that crypto projects grow in response to certain events, such as the project on metaverse, which has become extremely popular in recent days. Everyone is joining these projects, and everyone is profiting handsomely simply because Facebook mentions the metaverse. According to this analysis, there is a project called secretworld.network on BSC that is a gaming project with mostly live features, and I believe that due to the project's nature, there is a chance to make a good profit, so I'm considering participating in their presale that will be on 12th of March, but I'm afraid of losing money. So I'm looking for suggestions; perhaps you guys know more than I do. I also provide a link to a whitepaper and a website.
Website: https://secretworld.network/
Whitepaper: https://secretworld.network/whitepaper.pdf

I never heard about that project before to be honest so i can not really give any advice or recommendation if you should invest into this specific project or not. I think though that the whole metaverse topic or the whole metaverse hype cycle is already past his highest point. We are already in the phase where the prices of most metaverse projects are dropping because there are just to many of them out there at the moment. I am also a fan of the whole VR and metaverse topic and therefore i also like the trend of bringing metaverse and VR to the blockchain but it think that new metaverse projects that are launching now have a hard time.

[$crypto$]

Hello there, everyone! I hope you're all doing well. I've noticed that crypto projects grow in response to certain events, such as the project on metaverse, which has become extremely popular in recent days. Everyone is joining these projects, and everyone is profiting handsomely simply because Facebook mentions the metaverse. According to this analysis, there is a project called secretworld.network on BSC that is a gaming project with mostly live features, and I believe that due to the project's nature, there is a chance to make a good profit, so I'm considering participating in their presale that will be on 12th of March, but I'm afraid of losing money. So I'm looking for suggestions; perhaps you guys know more than I do. I also provide a link to a whitepaper and a website.
Website: https://secretworld.network/
Whitepaper: https://secretworld.network/whitepaper.pdf

It should be underlined, you say you believe and have thought positively about the project. but ends with doubts, as long as you know that in investing there is always a risk where when you decide to enter, it means that you are ready with the consequences that will be accepted. Whether it's bitter or sweet to invest depends on how brave you are in making decisions that have been considered in a particular project. So my advice is simply to go back to the extent to which you review a project, then how prepared you are for all the consequences. Don't be an investor who seems to think that everything has to be profitable. It's a crypto investment issue where cryptocurrencies are volatile assets. All actions return to the investors themselves, if you feel afraid then don't ever enter. Everyone needs a final decision.

Is not it?

[Shamm]

<....>

The last decision is yours, but only thing others said that you must study about that new project don't be greedy and spontaneous make sure that if you already have a decision you will not regret it in the past so make your choice wisely.
But for me its better know what this project is before I join or invest with them.
Cause now days as we all know that there are many scammers or fishing sites so we need to double our security to prevent some loses.

[Bitbtc8]

The project looks promising but how the team will proceed with this project remains a mystery so instead of placing a big bet on this project I would say you should play safe, invest very small amount of money and see how the team handle the project first..new projects this days are cash grabbers.

[Frengki_cisco]

You can invest anywhere, including new projects, nothing forbids you from doing all of that, but you must really know the origin of the project, founders, teams, investors, ICOs and project developments in the crypto market, if you believe it's not a major issue for you to invest in.

[Husires]

metaverse became a sign for scam more than good investment.

• Wherever you find the word metaverse, assume that you are dealing with a scam enterprise unless they prove otherwise.
  
• For metaverse to succeed, it needs a huge investment from companies willing to spend millions, and therefore it is an activity far from what startups are trying to market.

Be smart and invest your money wisely.

[makishart]

You must be careful with any new metaverse project. Despite the fact that metaverse has become the massive trend in the crypto but this also being used by so many scammers to launch their own scam token.
I have seen that so many scammers are also actively creating scam meta tokens. I do know that this coin already on hotbit and PCS but again this is a new project that is not worthy to hold
There are so many legit metaverse tokens in the market with low marketcap but i will call almost all of metaverse tokens that available in the market has small marketcap even compared with the meme tokens.
Why are you rushing to invest in the new metaverse tokens if there are some legit metaverse that actively trading in the exchange site?

[Ararbermas]

~snip

I want to see their roadmap but seems not working  ???And for your information it's the most important aside of whitepaper, wherein to see what's the plan of that project and if they are really working in it or not.

I suggest be aware that most of the new projects nowadays can copy paste an idea especially a design of a good project in order to get more attention from investors as well..  So much better to obtain more information first mate and don't easily fell to prevent scam projects.. Be a smart investor!

[Gozie51]

It's a play to earn game, website isn't the most attractive but it depends on what the team have to offer anyways, if I were you I'd invest only what I can afford to lose and take profit instantly when price goes up, I don't have the confidence of holding new tokens this days I'm better off holding ETH BNB or BTC.

I equally buy your idea here because new project is not even a guarantee of a better project. There coins as you mentioned that have done well and still growing. So it is better to hodl such coins because they are not going to run with your investment. They have community that are supportive for it growth. Binance has made contract of shares with Forbs magazine, you can see it has a lot of prospect going forward.

[evilgreed]

               The decision varies from one person to another. While there can be many variables, the things that I know of is the extent of researcade by a person, the financial capabilities, the risk tolerance and the diversification plans. Those, considering that the person is well versed already on investing on any asset in this industry. My advice though as someone who's been in this industry for years now, before you consider trying your luck on new projects, check out the terra ecosystem and rune ecosystem. There are gems within those ecosystems that are sleeping giants. You're welcome. 😁

[Erumo]

Dont invest in new projects. The reason is simple. We are about to get hit by new financial crisis. These new projects wont be able not only raise enough funds to start closing milestones. Only old and reputed projects will get something from investors. New projects will be "in development" for ages.

[Silberman]

Everyone is joining these projects, and everyone is profiting handsomely

This is a very common misconception that causes a lot of misfortune to newbies like you, let me ask you a question, from exactly where do you think it comes all that money that some users are earning with those coins? It comes from people like you, the majority of people, and by that I mean a percentage higher than 90%, lose all their money to the markets, as such following the majority is probably the worst thing you can do so I cannot recommend that you invest in those coins no matter how profitable you think it could be.

[Zotak337]

There more than dozens of scam new projects getting listed on coinmarketcap every week be careful, if I have any money now I will invest it into a more established project like Terra Luna out of few good coins out there.

[FerHAT701]

Its hard to find some good projects, try not to follow hypes and instead do research. You should look around for projects that make sense, for example GameFi and crypto betting, because they have working industries in real life so its logical that they will work in a crypto environment. Even then you should research projects you go into, and try not to invest too much its a unstable market. In the examples above after my research i invested in BORA and ENGN for Gamefi, and Roobets for sports betting (But im waiting for Lunabets to launch they look like they have a better UI in the app). You could check them out, and some other things you see real world application.