Bitcoin Forum

                
 A Quick Reminder
It no more news that there's a bullish market drawing investors into the world of crypto especially  Bitcoin  which has been driving the pump of various kind of coins along.
However, this is the time to watch out for scam and good to be true projects as devs are desperate to have investors money stucked in their pockets  through this scam projects.

Two days ago, some of my friends introduced me to some altcoins and I tried to warn them about it because  I saw it was obviously scam but that was by the way.
My point is to create awareness  about the rapid increase in creation of shit and meme coins (altcoins generally)and most of them are about to lunch before the bitcoin halving

What to do??
Firstly, you need to question  the fact that this coins are getting established and lunched at the halving period, why not get lunched years back before halving......(looks fishy)..... "halving brings up a bull market"

These are my give outs
Stay away from new meme and shitcoins (altcoins generally)
Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
Avoid airdrops to prevent  dust attack on your wallets

Among others i could bring up are above. If there's  any addup, it's highly welcome.

It’s a good reminder but OP should I tell you something? Many will still fall victim of this even if there is a daily reminder to them because the greed to get rich quick will never die off.

The tricky thing I found on this memecoins developers is they always come up with Ike that gives people lots of profit in a particular ecosystem and then it becomes like a bait which lure people there and then they lunch numerous of fake ones on there.

As for airdrops the scary part isn’t just getting affected with dust attacks but connecting your wallet to a site that actually steals your real funds. So my warning always to always to airdrop farmers is not to stop because I know they wouldn’t but be careful and use a burner wallet when interacting with DApps.

The sad truth is that they won't decrease but instead, many of the newbies that keeps coming in the market will fall for those scams and traps.

Thanks to the social media and crypto shitty influencers that keeps on shilling all of those altcoins that they've been paid to promote. They get affiliate money from promoting it.

And these newbies that think they're safe with these influencers don't have an idea that they're being sold out.

Newbies have a wild imagination about the potential gains that can be made from crypto investments and as such it is difficult to convince them not to invest in altcoins or participate in airdrops. Scammers take advantage of this opportunity to trick new investors into buying their pump and dump coins or whatever hyip they are into.
In addition to the advice listed in the OP, these are other topics on the subject:
 Crypto Scams in Each Market Condition (https://bitcointalk.org/index.php?topic=5487947.msg63772156#msg63772156) 
 potential scams to watch out for in 2024 Bull Run! (https://bitcointalk.org/index.php?topic=5488301.0)
 Do the needful this period and save yourself stress and heartbreak  (https://bitcointalk.org/index.php?topic=5487958.msg63772324#msg63772324)
 Massive influx of scammers activity during the bull season.  (https://bitcointalk.org/index.php?topic=5474642.msg63184098#msg63184098)
 Just a friendly Bitcoin friend reminder - High price = more scams (https://bitcointalk.org/index.php?topic=5487514.msg63756373#msg63756373)

This is one thing always common with during the bull run we always come across some promising projects that seems to be very good and when you invest you wouldn't know when the market will turned against you. That is why during bull market we don't expect to be jumping around coin because scammers can easily launched their coin during bull run and after they succeeded they dump the coin for those who invested at a new ATH.

People are always looking out for better opportunities, especially opportunities that can lead them to make a quick income without stress, and some people already have the misconception that crypto is a means by which they can easily make a quick profit. They fail to realize that there are so many scams in the crypto space too. The truth is that most people will fall victim to those fake project scams because they become greedy and only care about the profit they are expecting from a project without wanting to even do concrete research about the project they want to invest their money in. 

Anyone who is investing in a new altcoin project should just prepare their mind to accept whatever consequences or reward they get from their investment and also invest what they can afford to lose. I believe that there are still some projects that can benefit investors, but there is less chance of being able to be correct about all price predictions. 

Technically speaking,  there is no connection between the coming halves and since the halving concerns Bitcoin alone whose blocksize is going to be reduced aside from that, I do not think there is any other coin that has any business with halving for that you should not use bitcoin halves as a basis for your suspicious for any coin.


Although, a lot of hype will come around the market in general investors should make sure to take note of every detail and also try to put every measure in place to avoid investing in the wrong project.

Obviously it's a good move to keep us posted on this scam issues, it's a very good warning especially for newbies like me in order not to fall victim of this scam projects. but my concerns are, even with the amount of cautions that are being raised everyday in the forum a lot of newbies keeps falling for this too good to be true project.

With the threads listed by SatoPrincess I suppose we should all be aware of it by now but there are lots of people out there that will fall victim not because they wish to fall victim of it but because mot lack good informations. I was on YouTube last night and I saw that alot of women where flooded on a comment section of an influencer asking people to watch out for memecoins because they are likely the next bitcoin and a lot of people are falling for it.

I can say that most people in the forum already will limit the way they come in contact with scam projects but people outside here fall alot.

In respect to this warning, let me quickly share what I encountered today. I believe it will help someone take care of their security. There's this token I have enough quantity of – Megaland. I didn't know the project migrated. I only got to hear of it recently. I went to their Telegram only to find out that people were complaining too of how they couldn't get theirs migrated. I commented there too like every other person. The next day I opened my app only to find someone had volunteered to direct me on how to solve the issue. A link was sent to me which had every trappings to show it was from the project. Correct link and all that, just the same way I saw it on the Twitter handle of the project.

Nonetheless, my sixth sense told me not to activate it on my wallet browser directly as that was the instruction to copy and paste in app browser. I had that token in my main wallet. So, I transferred it out to a burner wallet. Then I sent $1 worth of BNB as gas to the burner wallet to serve as migration fee. I copied the link onto my browser and linked my wallet. It was then I discovered it was a phisher. I chatted the dude up and told him to go enjoy his $1 loot. If I hadn't moved that token out before assessing that link, my entire wallet would've been drained and months of my ceaseless labouring wasted. I just have to put this out here so people will be more careful. Scammers are getting wiser this day. This bull season is as lucrative to them as it's to those genuinely investing.

Mailing via Telegram channels will now be huge. We all see a list of people included in one group or another. Fraudsters will knock on anyone they see interested in crypto. Anyone who doesn’t really understand how to check projects, for their own safety, should completely prohibit inviting their account anywhere and also not trust the links sent, which can be dangerous.
History repeats itself; all this already happened several years ago, but scammers have become more cunning. And if we hope that we have learned a lot, nevertheless, we should not trust strangers at all.
If you are a newbie, follow Bitcoin. Don’t be tempted by the high percentages that altcoins are currently earning. To have other coins, you need knowledge, and that is, time to obtain them.

You were able to outsmart the scammer because you have accurate knowledge of the crypto space, if it were a newbie without experience, he'd have been scammed and lost the coins in that wallet, investors that are not knowledgeable are vulnerable and are easy targets for these scammers. The best option to crypto investment for beginners is to focus only on Bitcoin, it's reputable and in this bull run, it's a guarantee to give massive ROI, and if they must diversify into altcoins, let it be reputable top projects like Ethereum and BNB. In my opinion, investing in new projects should be for experienced crypto investors, who understands how to carry out research before buying, to minimize the chances of buying scam projects.

Well its up to your choice. But as an altcoin investors, I am very well equipped with ways on how to protect myself from scams. You are probably right that airdrop (some) arent trusted but not all since some are giving genuinely some good profits. How could we avoid airdrops if its giving us good amount of money?

People would avoid a lot of these rug pulls if they just stick to bitcoin. I understand if they want the most profit possible but is the risk really worth for someone who doesn't know how to identify a scam coin?
Investing in altcoins is okay for people that know what they're doing, not like it means they're 100% safe but it's so much better than someone who does know. Most people think because they understand how crypto work they can invest in any coin. There are tones of altcoins out there, how are you going to know which would fail and which is a scam?

With bitcoin, all that is needed is your patience. If you buy bitcoin and it dips, as long as you can be patient enough you'll surely get your profit. We're in an insane bull run currently and a lot of new people would invest in bitcoin and a lot would make loses when the price dips, but if they don't sell at a loss and are able to keep if to a very long time, they'll be happy they were patient. The same cannot be said about any other coin. When in doubt, stick to bitcoin.

Even with the number of information here most people will still invest in the online investments they know nothing about but later they will come out to give their experience on how they were scammed. It's a personal decision for anyone who wants to invest in any project right now but this I have to say, memecoins and shitcoins are not the only projects that can vanish someone's money a wrong investment in bitcoin can also lead to lost of funds. Stick to what you understand and don't invest in any project you don't no matter the coin, this is my kind advice.

The issue with the op thread is generalization and condemnation. The post already warned to becareful which is understandable but discarding altcoins and advising to stay away completely from airdrop is unnecessary. I know the security implications of interacting with some airdrop sites and how investing in some shitty coins can be disastrous but there are actually some that still pays.

For altcoins, one should conduct their research properly and invest moderately in order to bear whatever might happen in the end. As for airdrops, I would advise to have a separate wallet for such activities and never engage your main wallet with suspicious activities. Recently, I participated in one airdrop and the coins worth over $100 now for people still holding it. Staying away completely from airdrops to me is not ideal because some will earn you some money but one has to be careful though.

Op I was more interested to hear about the scam coins your friends introduced you to. How was the end ot it? And why would your friends introduce you to Coins that's obviously a scam? I think such friends could think evil towards you, so you just have to be careful with those folks. Your friends too could be one of the architects of the MemeCoins developers. Don't be suitable with them as this case maybe.
The current value of bitcoin this time is really attracting quality increments in values to the AltCoins which actually scammers are littering every angles around the crypto industries with all manners of strategies at who to catch up with and make their cashout. Let's stay focused and never fail to be confided upon any phishing activities.

For me is more of a personal thing than friendship, because I can't imagine myself falling victim to such scams any more and in fact, I have stopped to welcome any business advice from my physical friends and that is why I won't listen to them any more since I have experience alot of negative things from them in the past, ar most, I don't invest in any altcoins this season, and this is because I have to build a clears knowledge of their risks factors such as scam coin which are just object of the pump and dump with lots of hype.
Something 80%+ of the altcoins are in the negative category which at most I avoid getting involved in.

People sometimes are aware of the risk and danger in what they are pursuing after, but because of the greedy way that has gone over them in such a way that they could not resist anything that is coming in a form of bonus giveaway, they try to grab on what is empty and later to realized it's all a wasted efforts and they might have been already attacked through such, why should you be receiving free coins in which you do not work for into your wallet, don't you know that something bigger is coming as a disaster, instead of them to plan ahead to avoid such, they rejoice and celebrates that they have received free coins and before they knew it, they are already under attacked.

I say ape in hard on DingleNut (DGN) Token when it launches on Solana tomorrow, it's gonna X 50,000 in a matter of days.  ;D

Just kidding watch what you invest your money in. Don't treat crypto like a casino and you'll do alright.  :P

Tons of newbie investors want to earn quickly with the basic flip of money and they are seeing this with the help of altcoins, meme coins or shitcoins, not all people have the same story to become a millionaire on this and most of them hoping to get a good coin to become one of those successful stories but not as always it happens, still there's a chance but to make sure you must need to become more aware take a look with the possible red flags, sometimes people have in a denial stage when they see their coin invested is crashing. Based on my experience ideally, stick with the reliable coin, grab the volatility and take the opportunity to make a profit, you don't need to rush things just to earn money. If you have time to invest in assets, try to invest too in knowledge.

You said well Newly launched projects have high risk if one is thinking of investing but this statement does not suit well every time or on every newly launched project. There are some newly launched altcoin projects that have strong communities and ecosystems and these kinds of projects perform well in the long term or sometimes in the short term time frames as well. We know that Investing in altcoin is the very picky part we have to conduct good research before investing in any of them and on the other hand investing in Bitcoin will be the best recommendation on the first priority.

Well, this can also be a wrong thing that strong community projects will be the best project or will perform best after the time it will be launched publically. I have seen one altcoin project that has a strong social community about in millions but the coin performance was too shitty and disappointed. That is why I am saying this investing in altcoins is a very picky part. Memecoins are never on the recommendation list ever because they work on high pumping and dumping schemes. DYOR!

New investors in cryptocurrency will be the ones to be more prone to making the mistake of investing in shit coins and will also be the very involved in airdrops because they intend to profit from cryptocurrency as soon as possible. I am usually very scared of airdrops too because I believe that the time when they were real has long passed and now out of 10 airdrops, only like two can be legit.

Any new investor in Cryptocurrency should make sure they have bitcoins even though they may decide to invest in other altcoins which should be few in number.

Just because a project is launching near the halving event isn't enough reason to call it fishy or a scam. What if it's a genuine project that has been planned this way and it's a requirement of their roadmap to launch the project during these times, what if they have planned to use this opportunity in their favour to attract more users and investors towards their project by launching it around the bull run and halving event?

So, I don't think what you said is what one should see when they are analysing a project to check whether it is a legit or a scam. There are other factors that one should notice to understand if the project has potential or if it has just been created to scam its investors such as looking at their history, a genuine project would be active around the industry and on social media even before their launch.

I can't agree more with you, but we should not question why it did not launch years back, instead we should think this project is a copy of other projects, trying to lure investors, the team is not worthy, partners are not real, etc., etc. things like these give more information to us that if the project is real or not. Most of the investors are not programmers so they can't even check for the code's functionality so fundamentals are what remains there for us to audit on the basis of knowledge we have.
I liked your giveouts but the last one about avoiding airdrops is not so true, because airdrops are a good source of income, and they are in what way so vulnerable to dust attack, solely in airdrops? While every wallet can be vulnerable to dust attacks whether you are participating in airdrops or not. I suggest using the alternative wallet to join airdrops, if paid then also join an alternative wallet, don't use the main wallet. This will save your funds.

I guess newbies are bound to be scammed, not because they are less knowledgeable, but because their greed to make instant profits are definitely high that even theirselves cannot control them. Good thing there are newbies who have been absorbing good information that they learned to avoid scams as much as they can. But it won’t lose the fact that majority are still prone to scams, even those who have been investing for long in the market.

While social media can be a perfect avenue to spread new information, but social media is also making the scenario about scamming worsen. That’s why beware of shitty influencers as they are only making their pockets full while leaving us empty.

New Meme coins and shitcoins are suppose to be avoided completely, if you want to invest in altcoins, then do your research and invest in strong altcoins that have been in crypto space for a long time. Most meme coin’s are just created to scam, because most of them have no use case, they are just created without any purpose.

If you can’t stay off altcoins, then make sure your altcoin investments isn’t so much, don’t think you can only make big amounts of money from only altcoin investments, if you invest in bitcoin and you have patience, you will be making a good amount of money from bitcoin investment also, and if you invest in bitcoin, you are going to be having peace of mind, because the only thing that can happen to bitcoin is that a dump will happen, and with time it’s going to bounce back.

When you are expecting free money from cryptocurrency, then you might end up being scammed, that’s why you have to avoid all this airdrop, most of them are created by scammers. Some airdrops will request you connect your wallet to their site, immediately you do that, then they will send everything you have on the wallet out. There are other strategies which scammers use to scam people through Airdrop.

Not all projects that are established and launched are bad. In my opinion, project owners prefer to launch their tokens during these times in light of improving market conditions instead of in bear markets. However, on the other hand, during these pre-halving times, you find scammers launching their fraudulent schemes and new projects, which are usually meme coins to attract greedy investors who do not have sufficient experience by deceptive promises of achieving huge profits through their investment and involvement in these projects. Bitcoin is undoubtedly the most promising and safest currency in the market. Instead of new altcoins, which entail great risks, one can invest in popular altcoins that will follow Bitcoin's price one day. As you can see, these times, many altcoins have approached and have reached their all-time highs, so any investor should not invest in any shitcoins and put his investment in the right place after doing his lengthy research without relying on any recommendations from any friend or influencer.

The choice has always been theirs to make because even after this outcry of awareness many investors will still go ahead on investing into newly launched projects as they feel that that's where the fastest way to multiply profits lies meanwhile they forgot that the risk in incurring a loss of funds as as high as anything you can think of about a wrong investment. One could still make profit with bitcoin at this period, at $72k price if you could invest a good amount before the halving leading to the awaiting unprecedented bullrun envisioned for around $120k ATH anyone can make some considerable sure profit instead of going into an unsure project with no base.

Despite warnings, individuals who are enticed by the promise of quick wealth often find themselves ensnared in the web of scamcoin schemes. The allure of easy money blinds them to the risks, leading them to pursue any opportunity, no matter how dubious. However, their belief in their own cleverness is often their downfall, as they discover too late that they have been deceived.

In the cryptocurrency realm, a proliferation of new projects has emerged, many of which are fraudulent in nature. These projects initially attract attention by artificially inflating the value of their coins, drawing in unsuspecting investors. Once a sufficient number of investors have been lured in, the perpetrators behind the scam promptly sell off their holdings, causing the coin's value to plummet and the project to collapse. Frequently, the same individuals are behind multiple fraudulent ventures, perpetuating a cycle of deception.

Bullish market times can offer opportunities for reputable investors to make money, but those who are obsessed with quick profits are particularly open to being taken advantage of. Even with the hazards involved, some people find the draw of quick money to be too strong, which ultimately leads to financial loss and sorrow.

The space is complex, it will takes years to get acquainted with the system but with appropriate lessons taken, I don't think one will find it hard to adapts and invests in the system. Investment is certain but ensuring you're on the right lane of the market, that's winning big and also losing but its ratio should be minimized to the slightest points. I've not experienced the horrible moments of heavy losses that would shake my portfolio, though I record losses but using my head in appropriate proportions, keep pushing for greater heights.

I can't help but agree with that. It is no logic that a project launched around a bull run is a guaranteed scam and there can be other reasons for the team to launch it during these times. I also don't think a person should consider this point when checking the legitimacy of a cryptocurrency project whether to make an investment or to keep it in their watchlist.

If you are a developer who want to create a new project, it will be so stupid of you to release your project a year before the bitcoin halving, because your token will probably dump a lot before the halving, I don't see anything bad with this and every projects launched in the same Bitcoin halving year are not all scam projects, it's a good way of avoiding dump, only a block chain dev will understand this.

Do you even know that a new project struggles to stay alive in a bear market? They need to manage their funds at the period that's why you will see some letting go of some workers, just to keep the project alive, it's not that easy until you build one yourself.

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Bitcoin is more reliable, no scam at all if you can keep your private key safe, but it's undeniable that altcoins will make you richer than Bitcoin, it's just the plain truth, if you can't do good research on your own then stay with Bitcoin, you will still make some money but not the crazy gains.

The matter wey you yan here tire me shall because the only truth be that, many think that newly lunch project can be affordable and they can acquire more that existing project which prize has gone up, but the issue lies as disappointment is always the other if the day.

This saying I never forget when ever I am dealing with newly lunch project though the risk taker stand the chance of greater success but a short cut is always a wrong cut, this give edge to invest with smartness using my number six by not laying my eggs in one basket.

I couldn’t agree more. Scam projects might be rapid during bullish market but questioning why such projects were launched in time of bitcoin halving, for me that’s also part of developer’s plan. However, whether it’s a scam or legit, just don’t entertain new projects that you have doubted in the first place. Stick to bitcoin and avoid too good to be true altcoins. That’s the safest way to avoid inevitable losses in the market. At the end of the day, if that certain project is really valuable and worth our funds, that will continue to progress in the market, and just like bitcoin, it will definitely offer us limitless opportunity even after bitcoin halving.

It's obviously something investors should be aware of. There are numerous projects out there that are not what they appear to be and seek to capitalize on people's desire to profit from the cryptocurrency market. It is essential to conduct thorough research and only invest in projects that you believe in and have a solid foundation. It is also critical to be aware of the hazards associated with investing in any type of asset, whether crypto or not.

as is generally the case during a bull run, more and more new projects will appear and offer various offers to users. most of these projects usually offer very high token price increases or profit sharing from the tokens they stake. if there is a project that is too good to be true with high return offers, then 99% of the project is a scam and users should be wary of such projects.

but even so, even though there is a lot of knowledge like this spread on the internet, people still fall and become victims because of their greed and their lack of knowledge about things like this. therefore, it is important for potential investors to understand what projects are and avoid projects that are too good, so that they will not become the next victim of scammers.

That's why person must have knowledge before trying to invest because otherwise that's what we will receive. Some altcoins may have good potential but also have big risks when people try to hold them. Don't invest in assets that have no prospects because you will lose the opportunity to gain profits in other assets that have more potential. Look at assets that have good movements in the market so that the investments we make can be more meaningful because if we make a mistake, we will incur losses.

Awareness will arise if we understand what we are investing in because if we are influenced by hype then we will experience losses. There are many people who do not pay attention to the risks when investing because they are more affected by large profits than by safer methods, so when they face losses it will actually affect their psychology.

The complexity of the market is what gives necessity to critical thinking and research towards any project before embarking on any investment at it, it is not a fallacy that not all the altcoins we see today in the market both immediately new altcoins and old ones will be positively affected by the bitcoin bullrun when the race actually begins some if not most will not rise but remain dormant or even do the opposite while bitcoin is rising. Losing is part of the crypto investment and each investor has his/her own experiences of  these losses differently. To some huge, for others mild and this is a dependent on  what sort of  projects you invested in.

Whether you stayh away from meme coin or shit coins or altcoins you can still get scammed without knowing until you have lose your fund. This is why it is good for us to always search for information online that would help us know whether a project is a scam or not.
We need to know what we are doing so that we can always get the right information that would prevent us from getting scammed in the market. There are thousands of coins that are bad and can make us lose money if we are not careful.

Money invested in alt coins should be like few percentage of your total investment in bitcoin. They are all gamble coins and you should invest what you can afford to lose in them when considering adding them to your portfolio for the bull run season.
Dust attack that comes with airdrop are in their prevalent phases now, becareful of them as they are the most vulnerable ways for one to lose all of their live savings to scammers. If possible avoid airdrops for now as they’re very unlikely to not do well and put your wallet at risk anytime.

Anywhere there is money, just know that scammers will be there but this is not always the case of new projects launch during the halving and after the halving or during the bull run in general. If you notice during the bear market, people don't have any taste on any projects because even the potential ones usually are on losses, and with this, liquidity is taken away from the market but during the bull run, the market get excited and all of a sudden everyone want to invest this is why we see new projects comes to market this time.

However, in amidst of good projects, there will be bad people hiding under one or two trying to scam people just to get away with people's money and because the investors don't do investigations properly, they do fall victim especially the ones that has not experienced bull run before.


The ten shitcoins has been in existence for many years and a lot of people should know this by now but I have come to a conclusion that people that will listen will listen and the people that will fall victim will still fall victim and  most often than not, it's greed. Meme coins are just the worst but a lot of newbies are not ready for that discussion; ask them about their portfolio and you will be surprised with what's in there.

Honestly, bringing awareness to people who are really interested in projects that have the potential to be scams is quite difficult. Because, they are much more trusting of scammers who promise them lots of profits, compared to us. Therefore, we must provide various explanations that are very reasonable and also convincing for them. If not, then they will say no to what we said. This is ironic, but it often happens. And regret will only be behind.

In fact, there is a lot of education about scams. Never mind just education, there are also a lot of experiences regarding victimization scams. But unfortunately not many people want to understand that potential scams can happen to anyone. And they could be wrong. Therefore, being alert is necessary. By increasing our awareness and knowledge about various projects that have the potential to be scams, it is better to avoid than regret.

New projects have definitely their own timeline. Whether it’s launch pre halving or post halving, that will not guarantee that these certain projects are scams. We can only define that they’re scams once there is no real utility cases and their offers are quite good to be true that should lead us into thinking that they’re not reliable projects. If you are starting to see such kind of coins, avoid them at all cost. It’s better to stick to bitcoin and just buy and hold, than to risk your funds in altcoins where sustainable profits are hard to establish.

Using infiuencer suggestions and opinions to invest will be one of the greatest mistake a newbie will ever made. I myself have once fallen into this trap during the beginning of the last bear season. It is better for one to make his/her research on his own when investing than following all this paid influencers.

These is the exactly what happen to some investors during the bull market, people don't calm down and look for good project and invest in. some people think during the bull run every coin that get pump will make them money without getting scam, they think during the bull run Investors are full in the market so any coin that get pump will continue like that which is not true. at the point scammers lunch many coins that seems to be good project but at the end of the day the even disappear in the market you will not see them anymore, and by the people have already invested in there.

But all these people that mostly fall victim during the bull market are investors who don't have their own way of investing; they follow their emotions, and greed pushes them to invest, which is why they get scammed. These reminders that the OP brought up now are very good, but the issue is that only a few people will stick to them; many will ignore them and get scammed.

Most questionable fact about these new launching AltCoins and the MemeCoins is that where have they been all these while? Why haven't they been on the market trends during the the market prices are been frowning by investors?
Besides this is not really that the so coins gains increment effects by depending bitcoin increases. They basically obtains their potentials by hyping so why don't they trend when the market was on the low values?

It's obvious to have this figured that some of these coins are projected to vanish with the investors funds and strategically, they understands that they'd be successful on their Meme projects in gaining investors attentions only when investors are being excited during the bitcoin surge of increments in values there in the market trends.
Let's always stay watchful and don't fail to share suspicious informations that would help us manage the lost of funds in our investments while we remain a community in this forum.

Bitcoin halving draws attention to the industry as there is publicity all over the internet through news of Bitcoin having it's halving so it's expected that scammers will be coming to launch their projects to get some money from ignorant investors. Memecoins is their newest goldmine as they can hide behind being a memecoin to defraud their victims and yet they go untouched because the industry isn't a regulated one to punish them. Everyone is responsible for their safety here and if you decided to invest into a memecoins after all the discussion about them not being worth it by high ranked users, you should be accepting your fate for being ignorant.


To be safe, stay away from all altcoins not just the new ones because the old ones can also turn out to be an exit scam. Many altcoins will be using the bull market as an exit strategy knowing they don't stand a chance in the next bear bear as they escaped the last one with just luck. Investment in altcoins if there's any should be considered a gamble and not to be reliable. If you're new to the industry and don't have the experience yet, buy Bitcoin and hodl. Don't worry about the gains speculated on altcoins, accumulating Bitcoin that has a track record that's reliable and keep your Bitcoin offline through using a hardware wallet and storing your recovery phrase in a secure location that isn't connected to the internet should be your focus.

Recently, alot of new and old memecoins seem to be pumping hard even those that were 500%+ dump before.
Why?? It's  simple the meme market is more and becoming a means of trap to new investors, even old investors  fall into these traps because they  seem promising.
Devs are cunning  they make projects invest in it  dump in it after they gain alot of profits from it , using  out of that same same money to start and establish new projects  to fetch them much profit, exploiting  investors of their money and having nothing  to sacrifice  as a dev

That's  it  a new investors  should completely stay away from anything alt in crypto as it has it own games and how it's  being played , instead  they should focus on getting a privacy and secure wallet  to start holding BTC just as it has been  mentioned by CryptopreneurBrainboss

People who I fear for the most, are those who value new project so much, even before they get listed in an exchange. The fact that meme coins and shitcoin can seem to ba a potential coin and pass through all the KYC requirements is not a new update. We must be careful with the coins we choose for investment because there are scammers around the crypto network now. That is why after the bear run you'll observe that some coin will not get back up. That's because most of them are scam projects.

Those people are taking too much risk, although sometimes they make it quick before people that invested in bitcoin if they are wise enough to take profit once the coin get small recognition before it fell down again.

Some of these investors are not too vigilant about their privacy provided they will earn some $ if they if the coin do well, as such, they will do the KYC irrespective of the conditions involve Just for money.

No way I missed this, their case turned out to be a very funny one.
They were no architects, instead they turn out to be the last worke on chain structure investment  ;D which means they are working  for other investors

Correct, in as much as these coin are very volatile, they can give it holders a very rapid profit and can even take it all before the holder could realize that it was a shitcoin. Trading this coin requires a skill to know when to buy and sell. So if you want to become successful in trading altcoin, you'll need to stay vigilant and be able to read price charts to know what might likely happen next. But if it were to be Bitcoin investment, holding for long term doesn't necessarily mean you'll be learning all those reading of price charts and all of that, but having it as a added knowledge is a good one.

Having a project listed on exchange is not a guarantee that the project will be a potential one that will be reliable,  people need not to be deceived because a project is listed in exchange and they are fine with  it to invest a good amount of money in it. New projects needs to be handled with care and people should not just embrace new project so fast and expecting so much from it.

I will advise any developer to release their coins after Bitcoin halving, many investors don't understand that a bear market is also not very nice with developers, they struggle to keep their projects alive in a bear market, I dont feel like it is wrong to release your project after BTC halving, its smartness.

If your timing is right you can avoid dumps but still, a project released after bitcoin halving can turn into a scam, in this crypto space it's better to be more interested in timing, even shitcoin can bring you insane money if your entry is good enough, like how Dogwifhat did days ago.

I am into new projects but I always make sure that they raise goof amount of money and probably from Dao maker or Binance Launchpad, it gives me more assurance on how reliable the project is.

It really doesn't guarantee anything since they are just making it listed on public so that anyone could buy and if the dev have bad plans towards their token created then they can easily do what they want easily especially if they got a lot of volume on those exchange. So Its more better that we should not expect more on new project since the reputation of its creators is still questionable and much better for this is we should take our capital out so we can be safe for anything negative possibilities that might happen. If we want to continue to take the risk then we should use the profit we get and try to earn some profit with it so we will not get hurt so bad once those unexpected thing happen and we can move on easily.

Even scam projects get listed in exchanges. Scammer are now doing their best to make sure the coin looks perfect and running as every other normal coins. But the intent of why the coin was created is for scam purpose. We must be careful especially now that Bitcoin halving is on its way, will find lots of new projects in the market most of which some are scam project while other are good project. Sometimes due to lack of management or development skill a project could end up a shitcoin, even when it real Intent was to make a good project.

Indeed, during a bullish market like now, Altcoins always appear that promise exorbitant profits, but not all of them are bad because sometimes there are also projects that are good and have the potential to be good, but yes, we have to be careful WithAltcoins because there are so many victims who fall as a result of buying altcoins that are of poor quality.

This is good advice, hopefully this topic will make beginners and all of us be careful in investing and indeed the best thing is to keep investing in Bitcoin. Of course we have seen real evidence that investing in BTC has the potential to be good for the future and the proof is that Bitcoin has made New ATH and of course this is clear proof that Bitcoin is the safest crypto asset.

but yes, most people invest in coins that are not of good quality due to greed, which makes people always suffer because they speculate too high and end up crying and regretting losses afterward. Yes, in this case we have to be alert and have to continue to increase our knowledge so we can choose which crypto is worth buying.

I wish they can listen to this advise. However, I think people that fall into scam are the newbies most often, people that are here since last bull run and experience a bear market must have heard or read one or two scams and how people loss money through the things you have explained, we all experienced how people loss millions from various altcoins even though the claim to be legit but they failed. People that need this message are the people coming into the crypto space as we are experiencing another bull run.

My definition of newbies stretch not just random detail investors, I mean even some of these institutional investors that are buying anything they set their hands on, they need it too because no knowledge is a waste knowledge, it can save you anytime, it's just like doing precautions things and learning to stay out of the trouble.

There is no problem with the newly created and listed coins, the main problem is investing in them without deep insight about the project.
During or few months to halving is the right time to lunch new projects because that’s the time people come into crypto space just to make money. If you have good knowledge, you will only invest in Bitcoin and be using these new altcoins to make money through buy and sell because they are not a long lasting coins that will be reliable.

These advices are good ones, but discouraging people from altcoin looks somehow. Bitcoin is the best to invest on while Altcoins gives us money quick especially the meme coins.
Newbies come with the mindset of making it from meme coin because of FOMO which is what do lead them to lose money.

Avoiding airdrops is a good advice.

talking about staying away from altcoin and meme coin, but a lot of people have been benefiting from this coin? what i was expecting you to say is that altcoin and meme coin shouldn't be use for Long term investment, instead of discouraging people from altcoin and meme coin. However I agree with you that bitcoin is the best to invest, and if you want to get profited from bitcoin investment, you need to hold it for Long time. Talking about airdrop, though there are some airdrop project that is genuine, but I don't like participating in any airdrop project, I always avoid them.

In this space the choice and plans of individuals are different. This group of people knows the real reason behind choosen such investment.


Nothing is as good to invest in more than Bitcoin. It's really gives you a secured mind. I will really go against investing all ones capital on altcoin. They are not potential coin one could hold for long.

   One of the many reason why people fall victim to scammers is fear, in crypto is FOMO that is ,the fear of missing out on potential points which makes investors to make impulsive decision .

    Promising large profit ,one need to stay vigilant  in other for you not to be scammed such as verifying the source of information, secure your wallet and exchanges, educating yourselves and being aware of the various type of scams available.

It is a good decision to stay away from memecoins and shitcoins. Well, there's some people who are looking for a chance to earn more money through investing so they would still risk some of their money for a chance to gain profit. It shouldn't be just staying away from memecoins and shitcoins that people should do but also being updated to news/information about cryptocurrency and also about scam websites or platforms that a person may become a victim of it.

I have discovered that some people after investing in their major or preferred projects, they have some bucks they spread over some random shitcoins expecting great returns. Some of the times they are successful and most times they lose as well. This is supposed to be called some kind of gambling and not investment. Although, they claim they make research on the social media, maybe from the projects handle. But all these researches do not end well most. Then there are people who do not gamble, maybe they don't believe they can be rich overnight. Or they have phobia in investing in what they are not sure. I am like those.

A very good decision to stay away from it because they are not certain,  a lot of them are scam projects I don't see any reason why one would be trying luck to make profit on what is not reliable,  thst one might end up losing his or her money. Greed is just the problem of people which they think they can always get the profit they want in investing  in altcoins and they never think about the risk when investing in all these altcoins.