Am not much familiar with cryptocurrency, and that's why I need more guidance so that if eventual I see one, I will know how to handle it, this will help me to have a good knowledge on the path to settle for.
Don't expect someone to come here and tells you this is the coin or crypto project to invest on and this one is to be avoided, things aren't done in such manners, you have to engage on making research about them and take the risk after you would have been satisfied enough with your findings about them, there are few additional information i will like to let you know are needed when searching for a crypto coin for an investment.
1. Run a background check on the people behind the coin or project
2. Try to understand their aims and objectives for the project work they developed
3. Try know there liquidity pool, market cap and those major investors of the coin project.
4. Research on their precious projects and success made in recent times on same field.
5. If it appears to be too good to be real then it may just be too bad for an investment.
Well spoken, you have actually stated what should be considered before any investment, I have really learnt a lot from all your advices and opinions concerning this topic, as a newbie I don't really no much about cryptocurrency let alone identify a scam projects but with just reading all the messages here it has sharpened my mentality on how to avoid scam projects.
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