Advice for crypto bigginers who like chasing the next big thing in crypto.

[Z390]

There is one thing I have learned hard in crypto world for the past years, whenever a new hype or innovation comes, it will become the most talk about and bad actors will want to make use of this opportunity to scam crypto beginners.

If you are a beginner you should listen carefully.

We can see how the existence of Ordinals on Bitcoin network is turning out, pretty successful and profitable, bitcoin miners are making more money mining Bitcoin and that's a big thank to BRC20 but scammers are excessively bringing out new BRC20 projects and because ORDI is a big success, souring from $3 to $70 right now they are looking for the next one.

Hundred of BRC20 are now been printed everyday now, be careful fellas, as it's now a target for scammers, they have abandoned other hypes for Bitcoin BRC20, don't go and start buying any BRC20 that haven't pump yet with the hope that it will.

Scammers will go any lent to get your money from you, and as good as hype is for crypto, it's also the biggest weapon that scammers use against investors.

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[Odohu]

There is one thing I have learned hard in crypto world for the past years, whenever a new hype or innovation comes, it will become the most talk about and bad actors will want to make use of this opportunity to scam crypto beginners.

If you are a beginner you should listen carefully.

We can see how the existence of Ordinals on Bitcoin network is turning out, pretty successful and profitable, bitcoin miners are making more money mining Bitcoin and that's a big thank to BRC20 but scammers are excessively bringing out new BRC20 projects and because ORDI is a big success, souring from $3 to $70 right now they are looking for the next one.

Hundred of BRC20 are now been printed everyday now, be careful fellas, as it's now a target for scammers, they have abandoned other hypes for Bitcoin BRC20, don't go and start buying any BRC20 that haven't pump yet with the hope that it will.

Scammers will go any lent to get your money from you, and as good as hype is for crypto, it's also the biggest weapon that scammers use against investors.

The list of these hypes is endless.  Fresh in my memory include NFTs(aka Jpeg) on Ethereum network, P2E games, Metaverse, real estate projects powered by their shitcoin, and many others. As soon as the pioneer projects become successful, scammers will flood the market with shit projects and the hype will die faster than it grew.

Newbies and greedy fellow are usually the targets of these scammers. I don't know how long it will take people to learn that hypes are just for the purpose of scamming. Looking at the underlying real application of any project will easily reveal these cheap scams.

This BRC20 hype will definitely leave a lot of people crime because it is like foundation built on sand... no real value.

[cryptoaddictchie]

This BRC20 hype will definitely leave a lot of people crime because it is like foundation built on sand... no real value.

Well the only use case of the brc20 is to be traded at all. So when the hype is gone surely those who will be left behind will be crying hard. This is a game of who comes first and who end up last. Liquidity for those who will get fomo and a win for early buyers which mostly the influencers or shillers of some brc20 hypes. Its always them who will definitely exited with a good price.

[hd49728]

It does not stop with BRC20 tokens but Inscriptions started to invade to altcoin blockchains. It is very trendy now but this trend is even worse than past trends because those inscriptions are useless.

I don't know how highs those BRC20 tokens and Inscription tokens will get in 2023 to 2025 but after that, in 2026 and 2027 bear market, I am really sure that many of those tokens will go to the ground.

Like memecoins in 2020 and 2021, only Shiba Inu is still considered as a strong survival and is ready for a new bull run.

[Doan9269]

Scammers will go any lent to get your money from you, and as good as hype is for crypto, it's also the biggest weapon that scammers use against investors.

This life itself is all about risk, but when we cannot afford taking them, then we shouldn't go close to them at all, there's nothing bad in seeking for opportuinities around, but they should be what we can afford to bear if the opposite should happened, then as for newbies, we should abstain from making Investment in altcoins except we first made in bitcoin and we think we've got the necessary awareness and informations about altcoins Investment before going for them.

[Samlucky O]

There is one thing I have learned hard in crypto world for the past years, whenever a new hype or innovation comes, it will become the most talk about and bad actors will want to make use of this opportunity to scam crypto beginners.

I don't think if it's only for the newbies or beginners but also applicable to the old members. Though not all but few. And the real cause of this is, too much trust on something you are not sure of. I think most people are always conclusive and at times dont value advice from others that's why they make mistakes.
If you are a beginner you should listen carefully.

[Yamane_Keto]

If the investment is based on what you read or hear without research, then you will most likely lose your money. All new projects make big promises but do nothing, so what is the wisdom of paying 50 dollars in order to add a picture or obtain ORDI? You are not looking for value, but rather for illusions.

[Dave1]

We can see how the existence of Ordinals on Bitcoin network is turning out, pretty successful and profitable, bitcoin miners are making more money mining Bitcoin and that's a big thank to BRC20 but scammers are excessively bringing out new BRC20 projects and because ORDI is a big success, souring from $3 to $70 right now they are looking for the next one.

Yes, but I don't think that miners should be consider as scammers though? they are just making money from the ordinals and everything. And for them it's business as usual, with or without ordinals they will continue to do, that is to mine bitcoin to us with payments.

Hundred of BRC20 are now been printed everyday now, be careful fellas, as it's now a target for scammers, they have abandoned other hypes for Bitcoin BRC20, don't go and start buying any BRC20 that haven't pump yet with the hope that it will.

Scammers will go any lent to get your money from you, and as good as hype is for crypto, it's also the biggest weapon that scammers use against investors.

In any shape or form, this scammers are going to take advantage of our situations, create fake or jump on the latest bandwagon and they going after those who think that crypto is a get rich quick scheme.

[Zaguru12]

Hundred of BRC20 are now been printed everyday now, be careful fellas, as it's now a target for scammers, they have abandoned other hypes for Bitcoin BRC20, don't go and start buying any BRC20 that haven't pump yet with the hope that it will.

Let’s make it straight once you put any amount into Alticoins been it the top coins, it’s tokens, or NFTs, just accept the fact that it is a huge risk you have taken and it will either pump or dump as such you don’t expect the return of that money again. With this mindset then you’re save to buy them.

Concerning the BRC 20 tokens it is always the earlier investors that ape in or it’s developers that end up winning. Those who came in through FOMO are most at times the losers just like I predict will be for this ORDI. If you throughly want to gamble on them, then go in as an early investor before the FOMO starts, it is this FOMO that actually give birth to liquidity.

[Die_empty]

Scammers will go any lent to get your money from you, and as good as hype is for crypto, it's also the biggest weapon that scammers use against investors.

I have heard people saying that they made a lot of money from investing in altcoins. Some of them are very proficient in predicting the market and they are sometimes the lucky ones that make a profit from such moves. But one common feature about them is that they are aware that the altcoin crypto sector is a risky terrain and they are willing to bear the consequences. The truth is that anyone who is always buying and selling any new altcoins to make a quick profit will always be prone to scams and fraud.

I think these altcoin traders are always prepared to bear the loss when things go wrong because they also make a lot of profit when there is a pump. That I why trading in altcoins is not a good starting point for newbies until they have mastered the trade. I don't have any experience with these new altcoins and I prefer less risky Investments which is why my focus is only on Bitcoin.

[ImThour]

Just not BRC20, this applies on every single chain. If you go to find the next x1000 coin, you will get scammed of the ones you have with you.
It's pretty common. Those who are actually making the 100x every often are the developers of those scam projects and those influencers who tell it to you after they buy it already.

[Obim34]

These scammers are very intelligent and knows perfectly where to catch their victim, they keep monitoring the crypto system where ever there is a little space to get involved and scam they do so.
We are now left with the only option to learn base on someone else experience or a knowledge shared like this on this forum. As long as the bull market is about to begin they are getting ready with many scam projects, maybe as a memecoins, Game coins AI coins and so many Altcoins with so much hype just to deceive investors, we ought to be careful on where we invest into.

[Jegileman]

Scammers will go any lent to get your money from you, and as good as hype is for crypto, it's also the biggest weapon that scammers use against investors.

As long as the crypto community continues to launch new projects, scammers will also find a way of how to lure their investors into investing in their scam projects. This has been happening for long and for anyone that have been following the market closely over the years, you’ll know how to go about a new project that is launched. FOMO is the biggest weapon of scammers that they use, if you fall for it, you’ll lose woefully. Beginners fall mostly for this but it should be a general caution to everyone.

[Coyster]

Scammers will go any lent to get your money from you, and as good as hype is for crypto, it's also the biggest weapon that scammers use against investors.

Too many crypto enthusiasts are known for going after hype/trending coins, and i don't think anything is going to change about that. Quite a lot of people got scammed through different ICO's, but it didn't stop them from investing in other crypto schemes that have popped up since then, it is what it is; rinse and repeat. People will buy whatever it is, so long as it can give them money in the short term, notwithstanding if it is sustainable or if they are going to get scammed from it.

[traderethereum]

Scammers will return all the time when there is a new trend coming to crypto. They may use old methods to deceive people.
Surprisingly, many people are still deceived by what they offer even though if people are observant and thorough, they will find something odd about it.
The scammers will try to offer something new, in this case, BRC20, and pump it very high to attract the attention of investors or traders.
This is where we have to be careful in investing, and if we are in doubt, it is better not to choose it as one of our assets.
However, the BRC20 hype will surely end and leave disappointment for those who haven't had the chance to get out and take advantage. So be careful if you want to invest in BRC20 or others.

[Rruchi man]

Hundred of BRC20 are now been printed everyday now, be careful fellas, as it's now a target for scammers, they have abandoned other hypes for Bitcoin BRC20, don't go and start buying any BRC20 that haven't pump yet with the hope that it will.

These are part of the everyday temptation that must be overcome, these are some of the temptation to distract you from hodling that which is really important these season where bitcoin value is about experiencing a surge.

Older investors in bitcoins know and are well aware of these kind of temptations at periods like this, so because of the experience they do not chase around projects that they just think will be the next big thing without carrying out their own research.

[Mpamaegbu]

Hundred of BRC20 are now been printed everyday now, be careful fellas, as it's now a target for scammers, they have abandoned other hypes for Bitcoin BRC20, don't go and start buying any BRC20 that haven't pump yet with the hope that it will.

There's a new trend already in town called DRC20. These are cryptos built on the Dogecoin chain where people have the ability to mint their own cryptos. Surprisingly, many of those minted tokens on that chain are selling like wildfire. It's a very risky enterprise, though. I read of a dude who turned $2 to $84+ in less than 24hrs. No, it wasn't futures trading. It was just a spot trade. The ROI there is crazy. As enticing as it's, I don't advise noob traders or greenhorns in this space to try such type of investment. No one knows what the fate of such will be once the breeze of this bull rally subsides. Newbies, please keep your risk appetite low and stick mainly to Bitcoin investment. At least at a time like now.

[Neobanks]

Scammers will go any lent to get your money from you, and as good as hype is for crypto, it's also the biggest weapon that scammers use against investors.

This life itself is all about risk, but when we cannot afford taking them, then we shouldn't go close to them at all, there's nothing bad in seeking for opportuinities around, but they should be what we can afford to bear if the opposite should happened, then as for newbies, we should abstain from making Investment in altcoins except we first made in bitcoin and we think we've got the necessary awareness and informations about altcoins Investment before going for them.

Success is not just all about the level of risk we are taking but it's directly proportional to the level of calculated risk we are taking. Blockchain industry is too volatile so I think there is need for one to make a proper research and consultations before making any investment decision in the Blockchain industry to avoid being victim of scammers.
The reason why many people a falling victim of scammers is because of the desperation to make it big without the adequate knowledge and understanding of the particular trending coin, so to be on the safer side it's very necessary to do a proper background work on any said trending coin before considering investing on it.

[lovesmayfamilis]

If the investment is based on what you read or hear without research, then you will most likely lose your money. All new projects make big promises but do nothing, so what is the wisdom of paying 50 dollars in order to add a picture or obtain ORDI? You are not looking for value, but rather for illusions.

The one who can do reasonable research is the one who can do it. No matter how funny it was, today, the projects are designed for beginners, subject to greed and a superficial understanding of crypto as a way to make quick money. As stated above, only a few who manage to be the first can win, and the people who regret it will eventually begin to understand the research results and gain experience.

[Bushdark]

No matter the decision we are taking in the crypto world, we need to make decisions based on research. A lot to newbies are being decieved by influencers with useless reasons why they should or should not invest in a particular crypto projects. Many of them are been paid to promote both fake and original projects and the question arise on how we can determine whether a project is worth our investment or not. Crypto is a place where our financial decisions can either lead us to making profits or loses. Two things are involved and we need to be very careful.