Finding a good project is quit difficult these days because we have a lot of scams out there extorting people and selling fake stories to people. we all want to earn and in this process we get greedy sometimes falling for project that are too good to be real and got scammed.
Hunting for good project seems difficult these days and we have seen a situation where these project pay at first and later run away with all the money invested in their project, that what makes it hard investing in new project.
Most times what makes investment difficult is not knowing the team behind a project. seriously, just investing without knowing the team is risky and such project should be handle with caution because slowly investing in such project will give you more time to know everything about the project and understanding what you spending your hard earn money on.
The truth is not all new project are new because they have reputable team and probably they have succeded in a project before or failed. you not only investing in the project in such situation but also investing in the team based on what they have done in the past, this will give you vision whether to invest hard or be cautious.
Watch and calm
Money is the most important aspest of life which must not be taken with levity hands. sometimes, jumping in a project and not taking our time can be bad in investting into a project but we must always think with our brain and not our heart when investing and never let greediness get in way.
Listen to details and act accordingly can be so underrated, when you understand how the project generates money and pay everyone it actually helps and give some kind of confidence along the way especially for those that are in for long time process.
Conclusion.
Investment is good and have it own risk but it actually better when you put your money into use by investing. To invest properly someone must avoid anything that sound too good to be real, especially in crypto where everything seems possible. Knowing the team also helps and take your time to know % of how the community works. Information is power in investing.
Thanks for your time.
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Not knowing a team behind a project can be totally dangerous, people just throw in money without asking questions. Not a lot of people want to do their research. It's why hive in itself is a hub of information on what's mostly legit and what's not.
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Hive give everyone another level to earn, apart from earning we also get valuable information of other project which is amazing
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The informative aspect of hive is the most important thing to our journey to attaining financial freedom.
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Knowing the team works for me most of the time, infact my biggest investments are in projects inspired by people I know and share similar ideals.
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Same goes for me, most times I feel more comfortable with the project I know the team behind it
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People should just do enough research so that they are comfortable with their investment. If you aren't happy with them being private, then don't invest into them. Every little bit helps when the landscape is filled with a bunch of pump and dump meme cryptos.
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Investing in a project you know little about is gambling to sincere. Thanks for stopping by
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