Advice from a stranger

[serjent05]

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

Don't rely on what others say to you.  You must do your own research and see for yourself which one can give you more profit based on your own study.  You can use them as reference but never believe in them easily.  New project can possibly give you more income but in the same way, it can also make you lose more money.  New projects have higher risk than the existing and tested ones.

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[Rengga Jati]

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

The first rule in the cryptocurrency world:
Never trust someone else, moreover a stranger

Second rule:
Only invest in the projects or crypto that you exactly know, not based on other people's suggestions, moreover new projects that you don't understand the future. that is gambling because you may get the profits but also may lose your money easily. In this case, high risk, high return, probably.

[Yamifoud]

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

Perhaps, listening to stranger's advice isn't wrong and even following him. But you need to be careful and never easily trust them especially when it talks about investment and money as most of them are scammers and they target newbies. Never get fooled by someone saying "you can generate more profit from investing in new projects" as they are claiming their projects are good and profitable but in the end, they leave you in regrets. I think that was not the thing you wanted and that is why I encourage to be careful dealing this situation and to the strangers.

[fuer44]

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

There are two possibilities if you intend to invest in a new altcoin:
-the first possibility you can get a value that is much higher than the value planned in the whitepaper or road map of the project due to several factors (the number of investors who have exceeded the hard cap, or the success of the coin after launching to the marketplace)

-The second possibility is the worst possibility, it could be that the value will be much lower because all targets are not met. and the worst possibility is that the token is not launched to the marketplace for some reason from the developer, some even disappear and cannot be contacted. if it is like that then your funds or assets are lost.

[adzino]

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

Of course it is a bad idea. I bet that someone who recommended you to invest in new altcoins was probably shilling for some shitcoins that he has invested in. Almost 99% of the new altcoins are shitcoins that are some clone of the currently existing altcoins. They are usually created for pumping/dumping and to scam people.

Better to invest in old altcoins that are well established than to invest in some random altcoins that might die the next day.

[TheUltraElite]

Is it true that new altcoins are the best to invest in right now?

"Right now" could mean a lot of things, and it is usually the wrong thing to do if a stranger has told you.

Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

The altcoin market is not a race, it is not a place where project go up one after the other. Rather it is a wild west where out of 100projects, 99 are a mixture of scams or failures and 1 project may have the chance to do something big. There are a lot of reasons behind this which is another topic for discussion, but know this that if you are investing in new projects you are having a 99% chance of going bust. Just because project A became big does not mean project B is going to be big too - they are not mutually related at all.

Moreover the quality of project being launched recently have gone down from what I have been watching since 2016. None of them are transparent nor they have a intrinsic market making capability.
What it all boils down to is that one should invest in bitcoin at low price and not altcoins, if they are willing to keep their money safe and profit.

[libert19]

Bad idea, why not buy coins which have survived test of prior bear markets rather than bothering with unknowns?

[bluebit25]

Bad idea, why not buy coins which have survived test of prior bear markets rather than bothering with unknowns?

Well, that's not really good. Perhaps the importance of quick profits makes many people still blindly follow the risk. I think seeing if they are good or not also takes time to evaluate. Once experienced enough with successes or failures in investments with the market, making decisions that balance profit and loss risk will be the main tool we have. And for someone who is into sustainability and profitability, I don't think it's too complicated; just do your job well and accumulate BTC or top altcoins like ETH or BNB. We'll all be happier with them over time, not necessarily understanding all the trends going on in the market.

[inanilujimi]

It's too risky to expect a new project to make a big profit in a bear market, there are so many people who make a new project end up being a scam. it will be a different story if we are in a bull market where almost all new projects are attracted by many investors to get big profits.

[Sovannar Sangha]

I have to be confident, but I accept all suggestions and inputs as long as they are considered good and direct. I focus more on people who have experience and high counts because if you make a wrong move it's not profit but loss. I wouldn't worry about this and I would choose an altcoin first, by doing additional proper research on the altcoin before investing, exploring its potential and also seeing who the solid and responsive development team behind it is.

[ragini330]

Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already

I myself do not agree with this statement which is still not necessarily true.

the new project does not yet have certainty about what will happen in the future because it is still in the process of developing and marketing the project.
when compared to old altcoins that already have clear value, new projects still have a very small or even uncertain possibility of being able to get a better profit.
[Yes i agree there is volatility and risk in crypto market. One should have alternatives. Have you heard of Mallconomy]

[bussybuddy]

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

So which new project would you recommend here? I really feel funny about such an idea, especially in the current context of the market. New projects are gradually appearing less and less for a number of reasons, the most obvious being the general difficult situation of the entire market, so it is also difficult to inject money into new projects to see them XX after listing. So take this time to purge low-quality projects and get quality leftovers rather than taking risks.

[Rockstarguy]

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

Not all new project sre worth investing,  the risk involved investing in project is very high.  New project are always reliable because you can't be sure how valuable the project is in the market. Some new project may have good project but new projects are unpredictable that is why it always important to invest amount that can be afforded to lose. Old project even if some does not have better profit atleast their some that are kind of reliable in the market.

[cryptosru]

Old projects are overvalued and that is why many people are lookind for new and prospective projects. But the most important to evaluate the potential of the project to understand how useful it will be in the future like this https://my.ebinity.com/en/register

It is important to get maximum profit from old projects because they are overvalued.
But investment in new projects are very risky because not all the projects will be able to survive during the fall of the market.
That is why it is necessary to check how useful is the project and what potential it has for future.

[Wincob]

It's true that one can make lots of money from new projects than others but they are a lot riskier than other projects, the chances of getting bad results like lack of adoption or rug pull is very high, invest in the likes of Polkadot, Aave, Polygon, they have high market cap, it will be hard to die.

[Jody.Drummer]

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

50:50 as if you were gambling with money on a new project. It can be an advantage or even a big O. Because investing in new projects requires a broad community reach, a high level of investor confidence, and provides solutions to the problem of stuck chains. So in the new project, nothing is really 100% promising. Back again how far you are in analyzing a project.

[isaac_clarke22]

It's true that one can make lots of money from new projects than others but they are a lot riskier than other projects, the chances of getting bad results like lack of adoption or rug pull is very high, invest in the likes of Polkadot, Aave, Polygon, they have high market cap, it will be hard to die.

My colleagues called a lot of NFTs an ass just from what happened to what they used to hold back then. After a month of so, they realized that rug pull was on and what they are currently holding is worthless now. It is risky and it is not even worth the gains. High risk - low reward.
I invested back then and I just stopped buying more from what happened to ICO in 2017.

[serjent05]

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

50:50 as if you were gambling with money on a new project. It can be an advantage or even a big O. Because investing in new projects requires a broad community reach, a high level of investor confidence, and provides solutions to the problem of stuck chains. So in the new project, nothing is really 100% promising. Back again how far you are in analyzing a project.

I agree with this, the chances that the new project to give us huge profit is always 50/50.  There are new projects when investing in the right time can give us 100x to 1000x returns but if we missed the timing then we will be bag-holding worthless cryptocurrency.  Investing in a new project always poses a huge risk but if we are lucky enough to get into the right project then we will be having a great profit.

The thing is, just don't listen to anyone who advises you, try to verify them before doing anything.

[Xal0lex]

Is it true that new altcoins are the best to invest in right now? Someone said you can easily make better profits from new projects than investing in old altcoins that have already x their values already, what do you think? Good or bad idea.

50:50 as if you were gambling with money on a new project. It can be an advantage or even a big O. Because investing in new projects requires a broad community reach, a high level of investor confidence, and provides solutions to the problem of stuck chains. So in the new project, nothing is really 100% promising. Back again how far you are in analyzing a project.

I agree with this, the chances that the new project to give us huge profit is always 50/50.  There are new projects when investing in the right time can give us 100x to 1000x returns but if we missed the timing then we will be bag-holding worthless cryptocurrency.  Investing in a new project always poses a huge risk but if we are lucky enough to get into the right project then we will be having a great profit.

The thing is, just don't listen to anyone who advises you, try to verify them before doing anything.

In theory yes, in practice the odds are even smaller, around 5/95 not in favor of the investor. Let me explain my position. The fact is that it is not enough only to buy the project, even if you bought it at absolutely the right time, the ideal time to buy. Then you must still wait for the right time to sell it, and that it was the maximum peak of the market and demand. Investors often neglect to sell and continue to hold the coins and sell them only when it has already worked off its highs and gone to the bottom. Buying a x100-x1000 coin doesn't mean you'll be able to take that x100-x1000 out of that project. And the moment when you should have sold will be known for most holders post factum, when everything happens.

[wxa7115]

It's true that one can make lots of money from new projects than others but they are a lot riskier than other projects, the chances of getting bad results like lack of adoption or rug pull is very high, invest in the likes of Polkadot, Aave, Polygon, they have high market cap, it will be hard to die.

My colleagues called a lot of NFTs an ass just from what happened to what they used to hold back then. After a month of so, they realized that rug pull was on and what they are currently holding is worthless now. It is risky and it is not even worth the gains. High risk - low reward.
I invested back then and I just stopped buying more from what happened to ICO in 2017.

When people invest in icos, ieos, NFTs or whatever is hot at that moment they think they are taking a high risk with the possibility of a big reward, but this is not really true as most of the time they are taking a high risk for a low reward.

Simply put most investments that we see in this market do not pass the risk/reward ratio necessary for us to invest in them, however people do not realize of this truth until they have already invested in such projects, then they lose their money and they finally understand they never had any chance of making money with that project.