Hi,
new here.
I read for days now on this forum and the impression I get is that there is about 10 % of its member that actually reads up on coins. The rest is the "the big mass" who follows anything.
I often see someone that writes professionally of a coin and then "hodlers" buy the argument 100% and hopes to become rich.
For example, ADA (Cardano) coin. In the first post in a thread people refer to scam in Japan with some substance actually. But in the end of the thread it seems forgotten, and people asks" is this good for hodl? They look really promising", they are high in Market cap". ADA has a nice homepage, some photos and some appealing information. Is this all it takes?
Is it a good coin? Maybe, but it scares me how easy you can fund money with a forum like this.
For myself I only invest in altcoins that actually has customers or companies linked and supported.
Good luck out there, don't buy everything just because some (often people related to the coin) writes something convincing here and has a nice homepage.
lol, my advice is is that you follow your own advice.
Just beacuse someone says something is a scam, you believe it is a scam? Wish I was scammed, the victims of the ADA-scam made tons of money.
Of course a good homepage doesn't make a good coin. But you have to actually read the homepage, google the people involved and check their credentials, check out their github repository to see that they actually has made something (as opposed to those countless ICOs that has nothing but the code for their ICO-token there), google for 3rd party information etc. You do that, and you'll find that ADA is arguably the worst example of the 1300 coins on coinmarketcap you could have picked to make your point.
