Advice from a stranger

[Silberman]

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.

what he said Is kinda right, but there is a catch, investing on new projects can be a lot riskier than old ones who are on the "top" of the leader board, new projects can fail at the beginning leaving you with a very big loss, on the other hand other projects who are already "successful" have a good base that really helps them from failing too hard.

What happens is that it is true that you can obtain way more profits when you invest in a new altcoin, however you need to consider the probabilities that you're going to get an outcome like that, and without a doubt the probabilities are very low, so low in fact that the supposed benefits that you are going to get out of investing in those new altcoins instead of investing in established coins are simply not there, which means that it is better to just forget about those coins and just invest in the best coins in the market as a way to reduce the risk of losing your money.

[MrDave]

Yes partially you are right, but we don't know what one coin or token holds for the future, Does that really have any utility or not. It can be a worse idea as well.

[LogitechMouse]

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.

Yes and NO.

Yes to part where you can make better profits from new projects than investing in old altcoins because you are the pioneer of the project and if it becomes successful, you will be the one who will get the most profit because you bought their token at the start of the development of the project.

No to the part where new altcoins are best to invest right now. New altcoins are very prone to scam and only a few projects are becoming successful. Many projects only live for months but because of some factors like lack of community, lack of investors investing in their project and the developers themselves, often times it ends up as a scam or a rug pull.

Is it a good or bad idea? Well, in my perspective as a conservative investor it is a bad idea investing into new projects because it's very risky for me and I only have limited budget to use for investing. I'd rather spend my money into old altcoins that has values. Yes the profit might be lower but it's safer than investing into new projects. If you have some spare money then you might try to invest into new projects but I'm not advising it especially if you are a type of investor where you are easily affected by losses.

[RussianEnglishTranslation]

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.

Yes and NO.

Yes to part where you can make better profits from new projects than investing in old altcoins because you are the pioneer of the project and if it becomes successful, you will be the one who will get the most profit because you bought their token at the start of the development of the project.

No to the part where new altcoins are best to invest right now. New altcoins are very prone to scam and only a few projects are becoming successful. Many projects only live for months but because of some factors like lack of community, lack of investors investing in their project and the developers themselves, often times it ends up as a scam or a rug pull.

Is it a good or bad idea? Well, in my perspective as a conservative investor it is a bad idea investing into new projects because it's very risky for me and I only have limited budget to use for investing. I'd rather spend my money into old altcoins that has values. Yes the profit might be lower but it's safer than investing into new projects. If you have some spare money then you might try to invest into new projects but I'm not advising it especially if you are a type of investor where you are easily affected by losses.

When I first started investing in 2017 I bought equal amounts of 10 microcaps, all of them failed except LINK, which hit a high of over 50 usd. It only takes one project to 100x to change your life, so yes, I think microcaps like CNDL, UTNP, and 0xMR are worth taking a chance on. You don't have to only invest in microcaps like I did but throwing a couple hundred bucks into each could make you hundreds of thousands of dollars down the line.

[dansus021]

I would say yes and no I actually invest in both new coins and old coins, but you must know that crypto is very volatile, and investing in the new coins is more like gambling and yes if you find hidden gems you can make x2 or even x100 easily but you also find new token turn into "ash" as well  but if you have minimum budget or strict budget i would recommend the top 100 CoinMarketCap

[m2017]

It is a bad idea to listen to advice from strangers, and if that advice is about investing, you should probably take advice from people you know very carefully too.

It's not about whether you know this person, but whether he has the right qualifications to give advice on investing. If a person has a successful investment experience that he can demonstrate, then why not listen to his recommendations. It's not about mindlessly following his advice, but about listening to them and acting on your own interests.

As for investing in new projects, there are a lot of them now, so it is better to invest in time-tested ones. Investing in new projects is very risky, given that all cryptocurrency is risky.

Investing in time-tested projects can also be questionable. Most of them don't undergo any cardinal changes and the price "marks place" for years. Why buy something that doesn't make a profit?

In the case of new projects, the risks are extremely unjustified. Only the lazy one has not issued its own cryptocurrency and there are a lot of such projects. Most of them are "stillborn" and investing in them will result in a loss of investment. The probability of guessing a successful project is the same as winning in a casino. Maybe it's better to play in a casino instead? There, at least you get a win right away and you don’t have to wait until interest in your project increases, increasing the value of their coins.

[Marvell1]

I would say yes and no I actually invest in both new coins and old coins, but you must know that crypto is very volatile, and investing in the new coins is more like gambling and yes if you find hidden gems you can make x2 or even x100 easily but you also find new token turn into "ash" as well  but if you have minimum budget or strict budget i would recommend the top 100 CoinMarketCap

But since he is a newbie I would not advise him to invest in new projects, it is best for him to invest only in old projects that have proven to be good and worth the investment. Maybe old projects can't be as profitable as new ones, but looking at the current market, potential coins have also dropped 70-90% in value so we can buy them cheaply and their chances of rebounding are very high. As for new projects, we do not guarantee, as you say: investing in them is no different from gambling, so it's not suitable for a newbie.

[Fredomago]

I would say yes and no I actually invest in both new coins and old coins, but you must know that crypto is very volatile, and investing in the new coins is more like gambling and yes if you find hidden gems you can make x2 or even x100 easily but you also find new token turn into "ash" as well  but if you have minimum budget or strict budget i would recommend the top 100 CoinMarketCap

But since he is a newbie I would not advise him to invest in new projects, it is best for him to invest only in old projects that have proven to be good and worth the investment. Maybe old projects can't be as profitable as new ones, but looking at the current market, potential coins have also dropped 70-90% in value so we can buy them cheaply and their chances of rebounding are very high. As for new projects, we do not guarantee, as you say: investing in them is no different from gambling, so it's not suitable for a newbie.

Not just old but solid project that have proven usages, even the value of the asset experiencing downfall the chance that it will bounce back is high, unlike with new projects if you failed to place your investment in the right time once the market start to collapse most of the time new project will suffer to the point that it will be left behind.

Eventually, it will die the natural way, developers will abandon and they will create new project and will just repeat the same drills.

[sana54210]

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.

To some point, checking for the usefulness of a project and the potential it has for the future happens to be a void process at the end, because even after a successful research has been done, the new projects still may not possess the qualities needed to survive the harshness of any bear season, and with this, your invested money is gone.

So, this will still be a tough and risky decision for anyone to make. If you’re buying these new project tokens, just be ready for that risk that follows, be ready to take the wins, and also the losses, if that may be the case.

[Bertyda]

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

To earn money on cryptocurrency market constantly it is necessary to study.
Cryptocurrency market gives people a lot of different opportunities but it is necessary to monitor the market to find such opportunities.

Now cryptocurrency started to rise. It is difficult to say how long the rise will continue but rise of the market will attract more attention to cryptocurrency.

[Sebas.tian]

Don't invest your capital on new projects in this season of bearish, because many new projects are not favourable to traders in this season which many has changed their mind to continue with old projects that is well confident to achieve something good at the end of the project. I think, some new projects acted well in the beginning to make the traders to believe that the new projects is the best projects in the community just to attract many traders to invest huge amount of money before the project will start misbehaving to cause the traders regret at the end of the projects.

[cryptoserega]

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

Now cryptocurrency started to rise. It is difficult to say how long the rise will continue but rise of the market will attract more attention to cryptocurrency.

It is hard to say how long will be the rise of the market but rise of the market attracts a lot of people and now many people are hoping that the rise will continue.

[alan228]

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 hard to say how long will be the rise of the market but rise of the market attracts a lot of people and now many people are hoping that the rise will continue.

The condition of cryptocurrency market depends from economic situation in the world.
The economic situation in the world does not change and the crysis continue to develop.
There must be reasons for the rise of the market.

[Fredomago]

Don't invest your capital on new projects in this season of bearish, because many new projects are not favourable to traders in this season which many has changed their mind to continue with old projects that is well confident to achieve something good at the end of the project. I think, some new projects acted well in the beginning to make the traders to believe that the new projects is the best projects in the community just to attract many traders to invest huge amount of money before the project will start misbehaving to cause the traders regret at the end of the projects.

Same schemes from expert scammers, they will bring hypes and invest also with a good amount of money to pump the value of the project, once they've notice that they already gained the attention and the trust of the traders and investors they will start selling and dumping the coins that they are holding.

It's just a repeated system from same facilitators that will introduce another new coin/project with the same concept, lucky for the earlier investors who can ride in the pump while a sure lost to those who will invest when the market start to collapse.

[uneng]

Don't invest your capital on new projects in this season of bearish, because many new projects are not favourable to traders in this season which many has changed their mind to continue with old projects that is well confident to achieve something good at the end of the project. I think, some new projects acted well in the beginning to make the traders to believe that the new projects is the best projects in the community just to attract many traders to invest huge amount of money before the project will start misbehaving to cause the traders regret at the end of the projects.

Same schemes from expert scammers, they will bring hypes and invest also with a good amount of money to pump the value of the project, once they've notice that they already gained the attention and the trust of the traders and investors they will start selling and dumping the coins that they are holding.

It's just a repeated system from same facilitators that will introduce another new coin/project with the same concept, lucky for the earlier investors who can ride in the pump while a sure lost to those who will invest when the market start to collapse.

That is why new projects should be avoided, at least with the biggest portion of your funds. It's much better to earn less profit over bitcoin and ethereum, but with the guarantee those are strong cryptocurrencies than investing in random recent created projects promising insane returns, that end not being that good after all.
I know it will really depend on the kind of investor he is, but by what I've already observed, conservative investors do better on long run in most cases, while very few aggressive investors do well on long run, with most of them totally going bankrupt meanwhile.

[Finestream]

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.

It depends. There are some new projects that have high potentials compared to those old projects, but the problem is if they can sustain the market demand. Because there are a lot of new projects these days that are only good in the beginning, but then they still fail to meet the market demand so they end up being undervalued. And those are the projects that have not proven their worth, yet they start losing their value already.

If you want to invest in new projects, then always do the research first and invest with caution. You can start putting a small capital first and when it succeed, then double the amount of your capital until you create a lot of profits. However, if you lose, then motivate yourself to be good more in investing and in choosing the right coins to invest.

[isaac_clarke22]

~

Yeah they were indeed hot. Can we still call it hots for the NFTs right now? I had not observed new NFTs since when AXS here in my country just stopped being mentioned all over the social media. No hate for the NFT, but it seems that it was driven by hypes here a lot and when it just went bearish market, everything just went ......dead silence so sudden.
Plus yeah you're really right there. Some people are not just weighing the risk/reward ratio. There is always risk at any investments we make. Just because something is mainstream does not mean it is a safe haven

[Jaered]

Its quite true. I have made a x50 from a financial advice from a random stranger. But its a double edged sword: you can easily lose x100 from random cryptocurrency advices. The most important thing is doing your research and determining the feasibility and longevity of a project

[Silberman]

Don't invest your capital on new projects in this season of bearish, because many new projects are not favourable to traders in this season which many has changed their mind to continue with old projects that is well confident to achieve something good at the end of the project. I think, some new projects acted well in the beginning to make the traders to believe that the new projects is the best projects in the community just to attract many traders to invest huge amount of money before the project will start misbehaving to cause the traders regret at the end of the projects.

Same schemes from expert scammers, they will bring hypes and invest also with a good amount of money to pump the value of the project, once they've notice that they already gained the attention and the trust of the traders and investors they will start selling and dumping the coins that they are holding.

It's just a repeated system from same facilitators that will introduce another new coin/project with the same concept, lucky for the earlier investors who can ride in the pump while a sure lost to those who will invest when the market start to collapse.

That is why new projects should be avoided, at least with the biggest portion of your funds. It's much better to earn less profit over bitcoin and ethereum, but with the guarantee those are strong cryptocurrencies than investing in random recent created projects promising insane returns, that end not being that good after all.
I know it will really depend on the kind of investor he is, but by what I've already observed, conservative investors do better on long run in most cases, while very few aggressive investors do well on long run, with most of them totally going bankrupt meanwhile.

This is an observation that I have made myself as well, when it comes to traders which become profitable the vast majority of them are conservative, those which are aggressive may make some money during the short term but at some point in time they're going to make a mistake and they will lose a great deal of the money that they have won already, so if someone is thinking about taking a risk with new coins I will suggest that at most they use 5% of their capital and the rest goes to good and solid investments like bitcoin and ethereum.

[Gadei Blang Gapu]

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

in my opinion abaout that There is absolutely no doubt that new altcoins have a lot of potential. The fact that they have such low values means that there is plenty of room for growth, and thus an opportunity for investors to reap large returns if they invest correctly. However, this opportunity only exists if you're willing to take on the associated risks. There's no guarantee that new altcoins will skyrocket in value, but those who put their money behind the right ones will certainly see some serious returns.