[GUIDE] Newbie guide: how to DYOR (and avoid wasting money on scams)?

[kawetsriyanto]

~snip

This is good information and basic enough to be known. And I think that it is not only for newbies but also for most of us here who really want to get more challenges in joining in the new projects.
however, if we are newbies and really new to this. I don't think investing in new projects is a good choice. I will better consider or suggest them to buy and focus on top coins in order to avoid scams, shitcoins, and also dead coins that never listed in exchanges.

[friends1980]

*bump*

[masulum]

I think this is a good time to bump this thread. Because at this time a lot of scam projects have sprung up in BSC and other networks. In fact, trade in APE, really wasted a lot of money on early projects. I am one of those people who likes to look for early shitcoin projects, I don't know how much money has been burned. I'm not the APE trader type, I did a little research before getting in any early project, however, in the end there are still a lot of projects that seem legitimate, losing in minutes, hours and days. various models.

One thing I want to remind newbie is, don't enter the early project with a large value, because if the project is a scam, you won't waste much money. I give an example of my experience, generally I enter the early project starting from 1 - 10 dollars, with this amount alone, I can lose more than $ 100 in a few days. That's why it's important why we manage money for early shitcoin.

[lovesmayfamilis]

There is an even older tip that is useful for newbies. Do not enter any new project. 99% of new projects will turn out to be a scam, and you will lose your money due to inexperience. It is very difficult to verify team members today, as many applications allow you to create a photo that is not detectable on the web. In addition, team members may be famous, but the people themselves may not even know that their photo is on display in the project.
The surest investment of your money for beginners and not only is Bitcoin. Ethereum is on the rise today, but it is not known what will happen to it next. By investing your money in bitcoin for a long time, there is hope for profit. There is little hope for the rest of the coins; experience is needed to trade them, and time must always pass to gain experience.