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Author Topic: Don't Fall Victim  (Read 480 times)
snowpega
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March 13, 2024, 02:59:51 PM
 #21

.........                
These are my give outs
Stay away from new meme and shitcoins (altcoins generally)
Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
Avoid airdrops to prevent  dust attack on your wallets

Among others I could bring up are above. If there's  any addup, it's highly welcome.

You said well Newly launched projects have high risk if one is thinking of investing but this statement does not suit well every time or on every newly launched project. There are some newly launched altcoin projects that have strong communities and ecosystems and these kinds of projects perform well in the long term or sometimes in the short term time frames as well. We know that Investing in altcoin is the very picky part we have to conduct good research before investing in any of them and on the other hand investing in Bitcoin will be the best recommendation on the first priority.

Well, this can also be a wrong thing that strong community projects will be the best project or will perform best after the time it will be launched publically. I have seen one altcoin project that has a strong social community about in millions but the coin performance was too shitty and disappointed. That is why I am saying this investing in altcoins is a very picky part. Memecoins are never on the recommendation list ever because they work on high pumping and dumping schemes. DYOR!

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March 13, 2024, 03:17:47 PM
 #22

Stay away from new meme and shitcoins (altcoins generally)
Avoid airdrops to prevent  dust attack on your wallets
New investors in cryptocurrency will be the ones to be more prone to making the mistake of investing in shit coins and will also be the very involved in airdrops because they intend to profit from cryptocurrency as soon as possible. I am usually very scared of airdrops too because I believe that the time when they were real has long passed and now out of 10 airdrops, only like two can be legit.

Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
Any new investor in Cryptocurrency should make sure they have bitcoins even though they may decide to invest in other altcoins which should be few in number.

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March 13, 2024, 04:28:04 PM
Merited by Alone055 (2)
 #23

What to do??
Firstly, you need to question  the fact that this coins are getting established and lunched at the halving period, why not get lunched years back before halving......(looks fishy)..... "halving brings up a bull market"
Just because a project is launching near the halving event isn't enough reason to call it fishy or a scam. What if it's a genuine project that has been planned this way and it's a requirement of their roadmap to launch the project during these times, what if they have planned to use this opportunity in their favour to attract more users and investors towards their project by launching it around the bull run and halving event?

So, I don't think what you said is what one should see when they are analysing a project to check whether it is a legit or a scam. There are other factors that one should notice to understand if the project has potential or if it has just been created to scam its investors such as looking at their history, a genuine project would be active around the industry and on social media even before their launch.

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Faisal2202
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March 13, 2024, 07:12:46 PM
 #24

What to do??
Firstly, you need to question  the fact that this coins are getting established and lunched at the halving period, why not get lunched years back before halving......(looks fishy)..... "halving brings up a bull market"
I can't agree more with you, but we should not question why it did not launch years back, instead we should think this project is a copy of other projects, trying to lure investors, the team is not worthy, partners are not real, etc., etc. things like these give more information to us that if the project is real or not. Most of the investors are not programmers so they can't even check for the code's functionality so fundamentals are what remains there for us to audit on the basis of knowledge we have.
These are my give outs
Stay away from new meme and shitcoins (altcoins generally)
Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
Avoid airdrops to prevent  dust attack on your wallets
I liked your giveouts but the last one about avoiding airdrops is not so true, because airdrops are a good source of income, and they are in what way so vulnerable to dust attack, solely in airdrops? While every wallet can be vulnerable to dust attacks whether you are participating in airdrops or not. I suggest using the alternative wallet to join airdrops, if paid then also join an alternative wallet, don't use the main wallet. This will save your funds.

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March 13, 2024, 08:59:20 PM
 #25

The sad truth is that they won't decrease but instead, many of the newbies that keeps coming in the market will fall for those scams and traps.

Thanks to the social media and crypto shitty influencers that keeps on shilling all of those altcoins that they've been paid to promote. They get affiliate money from promoting it.

And these newbies that think they're safe with these influencers don't have an idea that they're being sold out.
I guess newbies are bound to be scammed, not because they are less knowledgeable, but because their greed to make instant profits are definitely high that even theirselves cannot control them. Good thing there are newbies who have been absorbing good information that they learned to avoid scams as much as they can. But it won’t lose the fact that majority are still prone to scams, even those who have been investing for long in the market.

While social media can be a perfect avenue to spread new information, but social media is also making the scenario about scamming worsen. That’s why beware of shitty influencers as they are only making their pockets full while leaving us empty.

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March 13, 2024, 09:25:13 PM
Merited by The Sceptical Chymist (3)
 #26

Stay away from new meme and shitcoins (altcoins generally)
New Meme coins and shitcoins are suppose to be avoided completely, if you want to invest in altcoins, then do your research and invest in strong altcoins that have been in crypto space for a long time. Most meme coin’s are just created to scam, because most of them have no use case, they are just created without any purpose.

Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
If you can’t stay off altcoins, then make sure your altcoin investments isn’t so much, don’t think you can only make big amounts of money from only altcoin investments, if you invest in bitcoin and you have patience, you will be making a good amount of money from bitcoin investment also, and if you invest in bitcoin, you are going to be having peace of mind, because the only thing that can happen to bitcoin is that a dump will happen, and with time it’s going to bounce back.

Avoid airdrops to prevent  dust attack on your wallets
When you are expecting free money from cryptocurrency, then you might end up being scammed, that’s why you have to avoid all this airdrop, most of them are created by scammers. Some airdrops will request you connect your wallet to their site, immediately you do that, then they will send everything you have on the wallet out. There are other strategies which scammers use to scam people through Airdrop.

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March 13, 2024, 10:20:53 PM
 #27

Firstly, you need to question  the fact that this coins are getting established and lunched at the halving period, why not get lunched years back before halving......(looks fishy)..... "halving brings up a bull market"[...]
Not all projects that are established and launched are bad. In my opinion, project owners prefer to launch their tokens during these times in light of improving market conditions instead of in bear markets. However, on the other hand, during these pre-halving times, you find scammers launching their fraudulent schemes and new projects, which are usually meme coins to attract greedy investors who do not have sufficient experience by deceptive promises of achieving huge profits through their investment and involvement in these projects. Bitcoin is undoubtedly the most promising and safest currency in the market. Instead of new altcoins, which entail great risks, one can invest in popular altcoins that will follow Bitcoin's price one day. As you can see, these times, many altcoins have approached and have reached their all-time highs, so any investor should not invest in any shitcoins and put his investment in the right place after doing his lengthy research without relying on any recommendations from any friend or influencer.

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March 13, 2024, 10:24:29 PM
 #28

The choice has always been theirs to make because even after this outcry of awareness many investors will still go ahead on investing into newly launched projects as they feel that that's where the fastest way to multiply profits lies meanwhile they forgot that the risk in incurring a loss of funds as as high as anything you can think of about a wrong investment. One could still make profit with bitcoin at this period, at $72k price if you could invest a good amount before the halving leading to the awaiting unprecedented bullrun envisioned for around $120k ATH anyone can make some considerable sure profit instead of going into an unsure project with no base.
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March 13, 2024, 10:30:11 PM
 #29


Despite warnings, individuals who are enticed by the promise of quick wealth often find themselves ensnared in the web of scamcoin schemes. The allure of easy money blinds them to the risks, leading them to pursue any opportunity, no matter how dubious. However, their belief in their own cleverness is often their downfall, as they discover too late that they have been deceived.

In the cryptocurrency realm, a proliferation of new projects has emerged, many of which are fraudulent in nature. These projects initially attract attention by artificially inflating the value of their coins, drawing in unsuspecting investors. Once a sufficient number of investors have been lured in, the perpetrators behind the scam promptly sell off their holdings, causing the coin's value to plummet and the project to collapse. Frequently, the same individuals are behind multiple fraudulent ventures, perpetuating a cycle of deception.

Bullish market times can offer opportunities for reputable investors to make money, but those who are obsessed with quick profits are particularly open to being taken advantage of. Even with the hazards involved, some people find the draw of quick money to be too strong, which ultimately leads to financial loss and sorrow.
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March 13, 2024, 11:53:02 PM
 #30

The choice has always been theirs to make because even after this outcry of awareness many investors will still go ahead on investing into newly launched projects as they feel that that's where the fastest way to multiply profits lies meanwhile they forgot that the risk in incurring a loss of funds as as high as anything you can think of about a wrong investment. One could still make profit with bitcoin at this period, at $72k price if you could invest a good amount before the halving leading to the awaiting unprecedented bullrun envisioned for around $120k ATH anyone can make some considerable sure profit instead of going into an unsure project with no base.
The space is complex, it will takes years to get acquainted with the system but with appropriate lessons taken, I don't think one will find it hard to adapts and invests in the system. Investment is certain but ensuring you're on the right lane of the market, that's winning big and also losing but its ratio should be minimized to the slightest points. I've not experienced the horrible moments of heavy losses that would shake my portfolio, though I record losses but using my head in appropriate proportions, keep pushing for greater heights.

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March 14, 2024, 04:47:57 PM
 #31

Just because a project is launching near the halving event isn't enough reason to call it fishy or a scam. What if it's a genuine project that has been planned this way and it's a requirement of their roadmap to launch the project during these times, what if they have planned to use this opportunity in their favour to attract more users and investors towards their project by launching it around the bull run and halving event?

I can't help but agree with that. It is no logic that a project launched around a bull run is a guaranteed scam and there can be other reasons for the team to launch it during these times. I also don't think a person should consider this point when checking the legitimacy of a cryptocurrency project whether to make an investment or to keep it in their watchlist.

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Z390
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March 15, 2024, 07:03:27 AM
 #32

               

What to do??
Firstly, you need to question  the fact that this coins are getting established and lunched at the halving period, why not get lunched years back before halving......(looks fishy)..... "halving brings up a bull market"

These are my give outs
Stay away from new meme and shitcoins (altcoins generally)
Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
Avoid airdrops to prevent  dust attack on your wallets

Among others i could bring up are above. If there's  any addup, it's highly welcome.

If you are a developer who want to create a new project, it will be so stupid of you to release your project a year before the bitcoin halving, because your token will probably dump a lot before the halving, I don't see anything bad with this and every projects launched in the same Bitcoin halving year are not all scam projects, it's a good way of avoiding dump, only a block chain dev will understand this.

Do you even know that a new project struggles to stay alive in a bear market? They need to manage their funds at the period that's why you will see some letting go of some workers, just to keep the project alive, it's not that easy until you build one yourself.

Bitcoin is more reliable, no scam at all if you can keep your private key safe, but it's undeniable that altcoins will make you richer than Bitcoin, it's just the plain truth, if you can't do good research on your own then stay with Bitcoin, you will still make some money but not the crazy gains.

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March 15, 2024, 11:41:07 AM
 #33

The choice has always been theirs to make because even after this outcry of awareness many investors will still go ahead on investing into newly launched projects as they feel that that's where the fastest way to multiply profits lies meanwhile they forgot that the risk in incurring a loss of funds as as high as anything you can think of about a wrong investment. One could still make profit with bitcoin at this period, at $72k price if you could invest a good amount before the halving leading to the awaiting unprecedented bullrun envisioned for around $120k ATH anyone can make some considerable sure profit instead of going into an unsure project with no base.

The matter wey you yan here tire me shall because the only truth be that, many think that newly lunch project can be affordable and they can acquire more that existing project which prize has gone up, but the issue lies as disappointment is always the other if the day.

This saying I never forget when ever I am dealing with newly lunch project though the risk taker stand the chance of greater success but a short cut is always a wrong cut, this give edge to invest with smartness using my number six by not laying my eggs in one basket.

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March 15, 2024, 12:52:27 PM
 #34

What to do??
Firstly, you need to question  the fact that this coins are getting established and lunched at the halving period, why not get lunched years back before halving......(looks fishy)..... "halving brings up a bull market"
Just because a project is launching near the halving event isn't enough reason to call it fishy or a scam. What if it's a genuine project that has been planned this way and it's a requirement of their roadmap to launch the project during these times, what if they have planned to use this opportunity in their favour to attract more users and investors towards their project by launching it around the bull run and halving event?

So, I don't think what you said is what one should see when they are analysing a project to check whether it is a legit or a scam. There are other factors that one should notice to understand if the project has potential or if it has just been created to scam its investors such as looking at their history, a genuine project would be active around the industry and on social media even before their launch.
I couldn’t agree more. Scam projects might be rapid during bullish market but questioning why such projects were launched in time of bitcoin halving, for me that’s also part of developer’s plan. However, whether it’s a scam or legit, just don’t entertain new projects that you have doubted in the first place. Stick to bitcoin and avoid too good to be true altcoins. That’s the safest way to avoid inevitable losses in the market. At the end of the day, if that certain project is really valuable and worth our funds, that will continue to progress in the market, and just like bitcoin, it will definitely offer us limitless opportunity even after bitcoin halving.

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Gormicsta
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March 15, 2024, 01:36:35 PM
 #35

               
 A Quick Reminder
It no more news that there's a bullish market drawing investors into the world of crypto especially  Bitcoin  which has been driving the pump of various kind of coins along.
However, this is the time to watch out for scam and good to be true projects as devs are desperate to have investors money stucked in their pockets  through this scam projects.

It's obviously something investors should be aware of. There are numerous projects out there that are not what they appear to be and seek to capitalize on people's desire to profit from the cryptocurrency market. It is essential to conduct thorough research and only invest in projects that you believe in and have a solid foundation. It is also critical to be aware of the hazards associated with investing in any type of asset, whether crypto or not.
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March 15, 2024, 02:52:10 PM
 #36

as is generally the case during a bull run, more and more new projects will appear and offer various offers to users. most of these projects usually offer very high token price increases or profit sharing from the tokens they stake. if there is a project that is too good to be true with high return offers, then 99% of the project is a scam and users should be wary of such projects.

but even so, even though there is a lot of knowledge like this spread on the internet, people still fall and become victims because of their greed and their lack of knowledge about things like this. therefore, it is important for potential investors to understand what projects are and avoid projects that are too good, so that they will not become the next victim of scammers.

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March 15, 2024, 03:54:57 PM
 #37

Two days ago, some of my friends introduced me to some altcoins and I tried to warn them about it because  I saw it was obviously scam but that was by the way.
My point is to create awareness  about the rapid increase in creation of shit and meme coins (altcoins generally)and most of them are about to lunch before the bitcoin halving
That's why person must have knowledge before trying to invest because otherwise that's what we will receive. Some altcoins may have good potential but also have big risks when people try to hold them. Don't invest in assets that have no prospects because you will lose the opportunity to gain profits in other assets that have more potential. Look at assets that have good movements in the market so that the investments we make can be more meaningful because if we make a mistake, we will incur losses.

Awareness will arise if we understand what we are investing in because if we are influenced by hype then we will experience losses. There are many people who do not pay attention to the risks when investing because they are more affected by large profits than by safer methods, so when they face losses it will actually affect their psychology.

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March 15, 2024, 06:31:54 PM
 #38

The choice has always been theirs to make because even after this outcry of awareness many investors will still go ahead on investing into newly launched projects as they feel that that's where the fastest way to multiply profits lies meanwhile they forgot that the risk in incurring a loss of funds as as high as anything you can think of about a wrong investment. One could still make profit with bitcoin at this period, at $72k price if you could invest a good amount before the halving leading to the awaiting unprecedented bullrun envisioned for around $120k ATH anyone can make some considerable sure profit instead of going into an unsure project with no base.
The space is complex, it will takes years to get acquainted with the system but with appropriate lessons taken, I don't think one will find it hard to adapts and invests in the system. Investment is certain but ensuring you're on the right lane of the market, that's winning big and also losing but its ratio should be minimized to the slightest points. I've not experienced the horrible moments of heavy losses that would shake my portfolio, though I record losses but using my head in appropriate proportions, keep pushing for greater heights.
The complexity of the market is what gives necessity to critical thinking and research towards any project before embarking on any investment at it, it is not a fallacy that not all the altcoins we see today in the market both immediately new altcoins and old ones will be positively affected by the bitcoin bullrun when the race actually begins some if not most will not rise but remain dormant or even do the opposite while bitcoin is rising. Losing is part of the crypto investment and each investor has his/her own experiences of  these losses differently. To some huge, for others mild and this is a dependent on  what sort of  projects you invested in.
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March 15, 2024, 06:56:26 PM
 #39

               
 A Quick Reminder
It no more news that there's a bullish market drawing investors into the world of crypto especially  Bitcoin  which has been driving the pump of various kind of coins along.
However, this is the time to watch out for scam and good to be true projects as devs are desperate to have investors money stucked in their pockets  through this scam projects.

Two days ago, some of my friends introduced me to some altcoins and I tried to warn them about it because  I saw it was obviously scam but that was by the way.
My point is to create awareness  about the rapid increase in creation of shit and meme coins (altcoins generally)and most of them are about to lunch before the bitcoin halving

What to do??
Firstly, you need to question  the fact that this coins are getting established and lunched at the halving period, why not get lunched years back before halving......(looks fishy)..... "halving brings up a bull market"

These are my give outs
Stay away from new meme and shitcoins (altcoins generally)
Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
Avoid airdrops to prevent  dust attack on your wallets

Among others i could bring up are above. If there's  any addup, it's highly welcome.
Whether you stayh away from meme coin or shit coins or altcoins you can still get scammed without knowing until you have lose your fund. This is why it is good for us to always search for information online that would help us know whether a project is a scam or not.
We need to know what we are doing so that we can always get the right information that would prevent us from getting scammed in the market. There are thousands of coins that are bad and can make us lose money if we are not careful.

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March 15, 2024, 08:16:01 PM
 #40

These are my give outs
Stay away from new meme and shitcoins (altcoins generally)
Although I'm not totally against  altcoins  but investment  should be focused on the real deal which is bitcoin
Avoid airdrops to prevent  dust attack on your wallets

Among others i could bring up are above. If there's  any addup, it's highly welcome.

Money invested in alt coins should be like few percentage of your total investment in bitcoin. They are all gamble coins and you should invest what you can afford to lose in them when considering adding them to your portfolio for the bull run season.
Dust attack that comes with airdrop are in their prevalent phases now, becareful of them as they are the most vulnerable ways for one to lose all of their live savings to scammers. If possible avoid airdrops for now as they’re very unlikely to not do well and put your wallet at risk anytime.











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