Dumb plan?

[TastyChillySauce00]

That's good idea as long as you can invest that you can afford to lose it. The fact that when you are seeing the market and it can recover anytime. Bitcoin is not even dropping so hard and it's still continuing its side way around 28 - 29.
Im sure that once the recovery will come soon and this will become another good thing to come. Investing in the new project was not a bad idea at all.
You must know which was that's legit and it's not a scam project.

[naira]

If you have seen that altcoins are unstable in their status in the coinmarketcap ranking. Maybe it gives you an idea that only Bitcoin survives the cycle of a bear market. Bitcoin's all-weather long-term financial storage has proven it all.

The risk of altcoins cannot guarantee that anything will last long, change after change will always take place every year. So now are you still hesitating to take more bitcoin in bear market.

[MAAManda]

I think that new projects have far more potential to generate more profits than older projects or those that have lasted for years. Even I believe those who are now occupying the top positions in the market will sooner or later be replaced by a new generation that is much more powerful than that coin. It's just that new coins tend to carry a lot of risk too, because we can't just believe that they really match their strong fundamentals until we see for ourselves how they survive in a bear market.

The statement you convey is a contradictory statement, on the one hand, you argue that in order to get maximum profit, you should enter projects that are not yet in the top ranks of CMC, but on the other hand you say that you must also look at their resilience in the market .

In my personal opinion, everyone has their own research and risks. So, if you want maximum profit, one must have the courage to make decisions on projects with high volatility (new projects).

[andyou1234]

when the crypto market is still in the bear market zone as it is now, putting your money into BTC, ETH and BNB, is a very good plan because these coins have very good potential and prospects in the future, do not occasionally invest with new coins or tokens because they have a very high risk lest you get caught in it.

[Fesatmas]

I'm not thinking about investing in a new project at a time of bear market like this. My choice may only be bitcoin which can be the right choice, as for altcoins only a few that I would dare to invest in, such as ETH and BNB for example. Investing in a new project in the current situation is too risky in my opinion, so I will reconsider a few times if I look at some altcoins.

[jostorres]

That's good idea as long as you can invest that you can afford to lose it. The fact that when you are seeing the market and it can recover anytime. Bitcoin is not even dropping so hard and it's still continuing its side way around 28 - 29.
Im sure that once the recovery will come soon and this will become another good thing to come. Investing in the new project was not a bad idea at all.
You must know which was that's legit and it's not a scam project.

Yes, BTC will recover but it's baffling how a market as big as Bitcoin can drop by $10k without any significant news or event happening around. It simply means that whales are controlling and manipulating the market most of the times and it's nearly impossible for a mall fish to make profit in such a vastly manipulated market. They can create FOMO by pumping the price by 10k and we will fall for it, or they can create panic by dumping the price by $10k and we will panic sell.

It's best to just invest in top 10 coins and stick with them even during bear runs because eventually they will rise again. When I say top 10 though, I never consider dogecoin as a top coin ever so top 10 minus dogecoin.

[Ojengonggu]

I'm not thinking about investing in a new project at a time of bear market like this. My choice may only be bitcoin which can be the right choice, as for altcoins only a few that I would dare to invest in, such as ETH and BNB for example. Investing in a new project in the current situation is too risky in my opinion, so I will reconsider a few times if I look at some altcoins.

Indeed, we are very hesitant to invest in current projects for fear that in the end the project will be a scam.
It's better if we invest in Bitcoin or Ethereum, which have strong fundamentals and the lives of the two coins have also been around for a long time, even though the current price is very unpleasant we can still trust both of them.

[tazmantasik]

Still bad plan on this month after bitcoin down and not reach higher price, I think waiting for next month keep dump plan or back pump plan with bitcoin and altcoin up to higher price. What ever investment kind with new project or old keep the same result and always got bad planning and price dump. Maybe better have to be watcher and waiting about bitcoin or new project for investing until market back to top price and get good moment with bitcoin and altcoin.

[nimogsm]

I agree with many in this topic, new tokens always have more potential than the old ones.On new tokens, it is important to immediately fix your profit and not wait for a flight to the moon.But be careful now the market is very unstable and new projects can end their history very quickly.

[Dart18]

How will you know they will part of the top 20 in the next few years? That's like finding a needle in the haystack.
So, I am suggesting to stay with those who kept their ranks even in dump and pump sessions. Bitcoin and Ethereum for example. Those two are a must buy items that will keep in appreciating their value over time.
If you go beyond that, you are taking a higher risk because you don't know if they will stay in the top or they will be gone in a the few years to come.

[goaldigger]

It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?

There will always be new innovation in this market and many investors would love to try that idea, so investing on a new project is not bad at all you just need to choose good projects. Those who are on top 20 in the past years can't stay on that position especially if they failed to have good updates and become more stagnant. This is a growing market, and I believe the blockchain technology can still offer more services, developers will surely find a new trend and could be a big one this time. This is not a dumb project, though its risky but at least once you got lucky on that project, there's a higher chance for a higher return.

[jrrsparkles]

It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?

As an investor you need to pick projects based on how long you are going to hold the project and also what is you expectations about the returns. As you said the altcoins are losing its value for every cycle because new projects comes and replace but the next will do the same to previous but why everyone forgot about the Bitcoin its in the top all the time so for people who wa8less risk can choose it for most of their capital and take the chances with the project you beleive for the future.

[Rikimaruu]

History might never repeat itself but I am 100% confused that whales always target BTC halving season, they have this mindset of crashing the market after BTC hit a new ATH, even if history doesn't repeat same chart movements I am sure that it will still be way down all along unless BTC halving is around the corner.

[tvplus006]

...now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?

Investing in new projects is a highly profitable investment if the project is selected for investment correctly. If you are not able to conduct a reserch yourself, such an investment can lead to a loss of money. The profit received as a result of investing also depends on at what stage of the pre-sale you bought coins.

[justdimin]

Still bad plan on this month after bitcoin down and not reach higher price, I think waiting for next month keep dump plan or back pump plan with bitcoin and altcoin up to higher price. What ever investment kind with new project or old keep the same result and always got bad planning and price dump. Maybe better have to be watcher and waiting about bitcoin or new project for investing until market back to top price and get good moment with bitcoin and altcoin.

We are already ending the month of May, it has been a terrible month. Let's wait for what June would do. However the bad plan is the fact that we are going to end up with brand new projects that we hope will be top 10 when these ones go down, but what if we end up with something not even in top 1000? How could you know that which coins will be the new top 20 coins and which ones will be the next top 1000+ ones?

We have no idea about that. If you want to invest, invest to the ones you know that will stay, things like bitcoin and eth and bnb and ltc these are all good and long standing ones that will not go away forever, they will always be there.

[molsewid]

Investing in new projects is a highly profitable investment if the project is selected for investment correctly. If you are not able to conduct a reserch yourself, such an investment can lead to a loss of money. The profit received as a result of investing also depends on at what stage of the pre-sale you bought coins.

That's why selecting a new project needs extra hard work. You need to be sure that the project you are going to invest in could last longer than expected, has good fundamentals, they have good plans in the future that even though you only see and read it in their paper you can see that they can actually know the way to do it. They need to raise fund for it so they can fund their future plans and we can know that they are having marketing plans that will surely help the token economy.

[Baofeng]

It seems that every three to four years cycle new altcoins always takes a position in top 20 list on coinmarketcap, those who are leading the top 20 of 2017 are done for right now, only very few remains, now it seems this is what's going to happen in 2024-2025 too, now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?

You have to ask yourself, short or long term?

Because the way you saw it, seems that the good strategy is too invest on short term on the top 10-20 coins and then get out when you have profited already.

So it's not a dumb plan, it's just that you should learn from what you seen and take advantage of that kind of situation. And if you succeeded then just rinse and repeat till the next bull and bear season.

[Yogee]

.... now tell me why investing in a new project a bad idea? Cos I plan to look into new projects for the future instead, what do you think?

It's not entirely bad but don't be too bold in exposing yourself to the highest risk type of investments. Many of these new projects that will only come around the next halving are just riding the hype of a bullrun. They will be forgotten too.

It's still up to you if you want to gamble in them. My only suggestion is not to put your life savings to these tokens.

[Adbitco]

Relatively looking only those projects that was over hypes that is down currently and there is no statistics about what you said what I only found out towards the market is that investor's looking towards project that will gives them 10x or more of their invest. Maybe just waiting for a popular coin or token to jump into to make their funds back and when it knocks back on them regrets follows immediately. I will suggest you choose carefully when selecting coins.

[asyakashi]

I actually think it is a good idea because investing in new projects looks more like to create big profits than we have to invest in old or old coins but the movement is very slow because they are too advanced and usually they are already at their highest price while projects new is still really at the lowest price which is the starting point of the price.