Should I invest in new projects?

[Reid]

I think someone already shared this one but I cannot find it.
About the project, it does look cool but I can't seem to find the team behind it. Do you have any idea who are they? Because I want to at least see an assurance if they are the a company who really creates games or compose of different people who have background in the gaming industry.
Like Gala Games whose CEO is from Zynga who created Texas Holdem Poker in facebook and other games injected in it.
I wish they are not trying to be anonymous like other NFT games.

[WalkerIVIV]

You are feeling worry with the new project and you should you force yourself to invest in the new project if you even feeling worry with it? It doesn't make sense for you to do that. The fact that if you can also stick into the another coins and why still try to invest in this token? We do know that how bad token is. There's no reason to invest in this project.
Forget it and move to the legit token. This may help you to generate decent amounts of money.

[posporo]

Investing in new projects starting from the beginning is the best way to earn a lot of profit if this projects community grow and keeps getting a support. One day for sure it could become one of the top projects where everyone look up to.

[michellee]

I don't recommend investing in new projects, even though they say that their projects can grow in the future and many other things seem to be able to convince potential investors to invest in their projects. You better allocate your money to bitcoin or ethereum, which can give you big profits in the future.

Investing in a new project has a big risk because we don't know what and how the project will be in the future. Developers and teams will make promises that look good to come true but we still don't know. It's just a suggestion and I hope you can find more information about the project.

[Blowon]

At first glance it looks good, but does not guarantee it has a low risk. Projects based on Binance Smart Chain (BSC) tend to have a high risk of potential rugpull,
do not be too sure about their listing on hotbit in time with.
In my experience tokens that have been listed in the market will collapse after that, if you feel it is okay to lose your money to invest in that project, then you can give it a try.
Usually we only invest what we can afford to lose in a new project like this, as there is a high risk of being abandoned by the developer.

[LastKiss]

~snip 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.
~snip

The first thing you should do is get rid of that fear of losing money because anything that relates to investment can make your money lose in a moment. I dont even see the team members from that project even in their whitepaper, do some research first before you invest in this kind of project because what I see, they are claiming that they've partnered up with CEX so I guess there's a big chance you can sell your token later but it will be slow in development progress. 

[CapGelatik]

Investing in new projects starting from the beginning is the best way to earn a lot of profit if this projects community grow and keeps getting a support. One day for sure it could become one of the top projects where everyone look up to.

It's true that it was a good decision but don't forget that before joining and investing in the project at least try to minimize the risk by doing in-depth research,
we can start by looking at the roadmap, whitepaper and the team of course,
I'm sure everyone is aware of that and has their own way to minimize the risk

[someone703]

I think you should consider the risk and return from this project, I personally think this is better than spending time researching how it goes. Maybe it will bring profit, but if you accept the risk of losing your entire investment, seeking opportunities from projects like this will only make you more stuck in the market. In this market, I don't believe in products that are too popular in appearance with flashy promises.

[raidarksword]

If you already have research on this project and willing to risk on new crypto projects, then you pursue your venture in new trend such as NFTs and play to earn projects. Every decisions you will make will make you a better investor and will build a strong characteristics on pursuing the high risk and high rewards in the crypto industry.

[cryptoaddictchie]

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.

Thats quite pessimistic on your side. Yes we could have another financial crisis, but dont you think these new projects dont know that? Why not give chance to showcase what they can offer in spite of those crisis that attempt to bombard the economy? In fact these crisis will never end and continously be here so why bother. Only risk takers could understand what it meant to gamble and become financially free.

[mont_peace]

yep
As for me, the most attractive projects now are related to P2E. One of my recent favorites is RacewayX. I see a great future in them. It is a revolutionary blockchain game built on Binance Smart Chain. Have you heard about them?

[judeafante]

I prefer answering your question than giving my opinion about the project you posted since your question is about investing in a new project, which is a general question and not specific, my opinion is you may invest,  provided that the roadmap is solid, and the developers are transparent and capable of completing the roadmap, the team's capability is very important.

[danherbias07]

Well, the gaming industry is booming this year but I don't know about that game. What's their long-term position on it?
Investing in new projects is one way to try and make a big profit but it also has high risks. It's new, you don't know what the developer is really thinking and I have seen games that went bankrupt because they were played by whales. Those big investors didn't even try and play the game, just bought the coins wait for it to pump then dumped it and run away. There must be consistency in new projects avoiding these things to happen.

[molsewid]

Well, the gaming industry is booming this year but I don't know about that game. What's their long-term position on it?
Investing in new projects is one way to try and make a big profit but it also has high risks. It's new, you don't know what the developer is really thinking and I have seen games that went bankrupt because they were played by whales. Those big investors didn't even try and play the game, just bought the coins wait for it to pump then dumped it and run away. There must be consistency in new projects avoiding these things to happen.

One thing that we can advise to all who wanted to invest in new projects especially newbies is that it is one way to try and make a big profit but it is very risky to do. I mean, yes gaming industry, especially with play-to-earn features still making in its way as a hype project up until now because as we know this gaming industry was been hyped last year. But that doesn't mean that it is good to invest still we need to do our own responsibility like doing your own research about the project and of course only invest the amount that you can afford to lose.

[Sled]

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

Metaverse projects are quite growing massively but sadly, many of these projects are worthless. Investing in new projects as you have mentioned is not wrong for as long as we know the background of it and most likely we know they are legit and have a working product. But for the situation that they are still the pre-selling and soon to launch status, we need to be careful with it.

I suggest for you dig deeper into this project as at this moment we can assure if this becomes successful. No one even knows but honestly, it was really risk-taking investing in new projects compared to those we've known already like Bitcoin.

[Ryker1]

Well, all I can say on this metaverse project was pure hype and it's all about hype. Mostly we heard them on social media because they are actively promoting those projects on social media like Facebook, Twitter, and even in Telegram. There will perhaps be new projects that will have potential but you need research for this because not all become massively have profit as you mentioned OP.
However, you should not rely on any financial advice on the internet, dig deeper it should be the most important part, --and the best of all, invest what you can afford. ^{[as always advised]}

[Pelana vreo]

All information I can see on the website, ranging from Audit by certik and other information.
I think this project is good, it's because of the current Hype game and metaverse, besides that the tokens you buy can be staked here https://staking.secretworld.network/

this is not finansial advice but you can do research before investing and you can ask the team, who are the investors who bought this many SSD tokens
https://bscscan.com/tx/0x84e58debb543e639d1c5565651feb6bf98b79aca766542a35c4991908f8e92a1

[Crypto Birds]

New projects are high risk be careful with it. Search and analyze projects, read their whitepaper, their promise, competitors, the team, tokenomic. If that information convinces you, trust your vision and begin to enter little by little.

[asyakashi]

After I tried to browse the website, this project looks the same on DeFi in general,
therefore I think this project is less innovative, they just seem to follow the trend without offering a solution to the problem.
Projects that look like they want to pick up the hype in the short term will then be abandoned by stripping the market of liquidity.
I know they will be listed on the market in the near future, but that doesn't mean reducing their risk of becoming a rugpull project. If you still want to invest here do not put all your money. try from a small asset, as you can afford to lose it.

[SyndicateLabs]

I think you need time to experience everything. The advice just makes you wonder. You don't know what makes sense. Personally, after a lot of experience, I would not choose a project like this. It's too common, nothing special with the limited information available. Transparency and serious construction projects abound, so do a better search. Hopefully, you'll have a painless experience with them.