Don't put all your eggs in one basket
It was my first and may be the last mistake I did in my life. we heard from a lot seniors and from all social media, not to invest in one project but some time you are doing that in fact you know how risky is this.
Let me share some scenario how mostly people fall in this situation and why people get stuck in such foolish step. Mostly people think they are smart and may get rich within few days, which is completely a dream or may be, by luck you get rich but the probability is nearly equal to zero or you can't put your future on luck as God given you sense of thinking.
OK. I'll share some scenario which will help to identify scenarios of falling in such troubles.
Scenario1: GET NEW AND GET ENTRY BEFORE ITS TOO LATE
Mostly people trying to search out online sources to get news of any project before it available for public. but what actually happening in this case. some scam project are paying high amounts to such websites and other social media account just to boost their projects. Now, the website or social media will never tell you the project name and detail directly but they will take other famous project too, just to take people on their side that how we pick great projects but at the end you'll see worst project and there would be no logic to invest in it but the author will tell you personally i like it and the future is super duper bright blah, blah . I'll never tell you where you can find such articles but you'll get it if you search a little bit.
Scenario2: PEOPLE VOTE A PROJECT AND YOU TRUST BLAM
How many times you poll vote for a project? off course you answer is "I don't remember" but you will never vote or will vote with full research "Is it the right project I am recommending to the people? " if I tell you there will be least people who know, How to identify the best project or which one is good project to invest? I'll not wrong. Crypto is very complicated and mostly are newbie who don't know fundamentals but they know the profit and that profit must be within days or hours. But the fact is different, you have to search about project, their backers, what are they doing and what are their future plans.
Scenario2: WATCHING BURNING AND LOW SUPPLY
If you think if a project have some burning plans and you'll get rich if you don't sell and hold, then it is completely a wrong idea. I seen a lot project having lowest supply and very high burning ratio but when it comes to the real life problem solving the project value become ZERO . If burning is the only solution for giving value to the coin then this is not a project but a Ponzi scheme to grab people money.