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Author Topic: How to stay away from scam coins (?)  (Read 1658 times)
rokkyroad
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August 15, 2014, 07:06:12 PM
 #21

It's pretty easy to stay away from them. Just stay away from them. Don't download or mine them or do anything. Just ignore them. 99% are pure crap.

Easy to say.

People still have the get-rich-quick mentality. They do not care if its a scam as long as it pumps once.

What really amazes me is the people buying into the shitty IPOs. Don't they know its free money for the devs?  Why would devs care if the coin succeeds or not - they already raked in some good btc for themselves?

You have to appreciate the entertainment value of watching bagholders support their coins to the end no matter how scammy they(the coins) are. This is when the real FUD begins.

" If you have to spam and shout to justify your existence then you are a shit coin."  TaunSew
thefunkybits
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August 15, 2014, 09:00:54 PM
 #22

Make sure you always do your research so you know what youre getting into. Also staying diversified will help protect you against losses.

The way I've been investing I always make sure I never invest more than 10% of my BTC into 1 coin. I currently have a few BTC spread evenly over about a dozen altcoins. My favourites being - XMR, XPM, QRK, LTC, DOGE

cheers and good luck investing  Smiley
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