Leaving Dexscreener empty handed to Onchain

[Olamidetechie]

A few weeks ago, I almost cursed the person who introduced me to Dexscreener because almost everything I invested in vanished in a week. I followed their method without realizing that most projects on there are highly volatile, easily manipulated, and prone to rug pulls.

 I still remember one incident that left me in a mix of pain and laughter - I bought a coin and before I could even minimize the app, it had dropped by 100%. I've since moved on and now only trade on experience and on-chain projects.

This approach allows me to enjoy early access to new projects and conduct thorough analysis before investing. I've made some impressive profits this way, and also escaped the crash of some coins before they went down.

[Odusko]

Good to know that you have moved on and find a better landing in on-chain and following your own strategy, and also great to hear that you already recovered from you loses experienced on Dexscreener, although this is the first time I am hearing about that exchange and sure I know about, some trading and liquidity manipulation on some exchange with a lot of bits involvement in the trading and fake trading volume at the same time, so before you use any trading tool you have to do an indept analysis to come up with a clear standing as to know if you are up against market manipulators and bots or trading against real human traders.

[hyudien]

Probably around 95% of the coins or tokens listed on Dexscreener are all scams, it's like looking for a needle in a haystack and the chances are obviously very small to be successfully listed on the biggest exchanges, even if it passes and creates hype in the market, it's not certain that traders like us will get in early. Information can be early on Dexscreener only for those who are intentionally hired. So it's good that you end up on Dexscreener moving to a safer system at least Bitget has done the screening, but remember the main rule of playing with hype is you have to be wise to take advantage of it, don't hold it for too long.

[JeffBrad12]

Dexscreener is just a platform to monitor dexes, it's nothing more than a tool, from legit to scam crypto are included in there since the nature of dex is permissionless so even malicious actor can deploy whatever they want on the dex and dexscreener can detect it.
They even used jup and raydium router not providing their own, but yeah always be aware, too much scam coins out there.

[Iamcrypticguy]

Probably around 95% of the coins or tokens listed on Dexscreener are all scams, it's like looking for a needle in a haystack and the chances are obviously very small to be successfully listed on the biggest exchanges, even if it passes and creates hype in the market, it's not certain that traders like us will get in early. Information can be early on Dexscreener only for those who are intentionally hired. So it's good that you end up on Dexscreener moving to a safer system at least Bitget has done the screening, but remember the main rule of playing with hype is you have to be wise to take advantage of it, don't hold it for too long.

You've said it all. For me 30-60% is okay for me then i leave a moonbag. That's what I've been doing for a while when trading memecoins.. no greedy, very strict risk management etc. But with the exchange doing most of the work, it's easier ngl.

[Olamidetechie]

Probably around 95% of the coins or tokens listed on Dexscreener are all scams, it's like looking for a needle in a haystack and the chances are obviously very small to be successfully listed on the biggest exchanges, even if it passes and creates hype in the market, it's not certain that traders like us will get in early. Information can be early on Dexscreener only for those who are intentionally hired. So it's good that you end up on Dexscreener moving to a safer system at least Bitget has done the screening, but remember the main rule of playing with hype is you have to be wise to take advantage of it, don't hold it for too long.

I was shocked to see i lost my money on Dexscreener, but i have moved passed that one and only facing the onchain trading, and it has even taught me not to be greedy as you can see in the pictures i posted, 40% is enough for me and i move out of the market.

[Bournesparks]

Good to know that you have moved on and find a better landing in on-chain and following your own strategy, and also great to hear that you already recovered from you loses experienced on Dexscreener, although this is the first time I am hearing about that exchange and sure I know about, some trading and liquidity manipulation on some exchange with a lot of bits involvement in the trading and fake trading volume at the same time, so before you use any trading tool you have to do an indept analysis to come up with a clear standing as to know if you are up against market manipulators and bots or trading against real human traders.

Oh wow.. it's a T1 exchange by the way. Top3 derivative according to CMC.. anyways onchain trading needs strict risk management and strategy and I'm glad to see OP strategy has given him an edge. Knew about this product but I've not been consistent with it, maybe I'll be serious rn cos there's some potential here.. 😀😀

[TastyChillySauce00]

Probably around 95% of the coins or tokens listed on Dexscreener are all scams, it's like looking for a needle in a haystack and the chances are obviously very small to be successfully listed on the biggest exchanges, even if it passes and creates hype in the market, it's not certain that traders like us will get in early. Information can be early on Dexscreener only for those who are intentionally hired. So it's good that you end up on Dexscreener moving to a safer system at least Bitget has done the screening, but remember the main rule of playing with hype is you have to be wise to take advantage of it, don't hold it for too long.

Some exchange now offer built-in dex with handpicked coins, although it's no guarantee that it can avoid scam completely since we all know meme coin can always rug, but it's better than using dexscreener for people who aren't really well versed with dex and its red flags.
I'd say just use those if anybody is truly concerned about being rugged, always use the ticker that have verified badge if there is any.

[Olamidetechie]

Probably around 95% of the coins or tokens listed on Dexscreener are all scams, it's like looking for a needle in a haystack and the chances are obviously very small to be successfully listed on the biggest exchanges, even if it passes and creates hype in the market, it's not certain that traders like us will get in early. Information can be early on Dexscreener only for those who are intentionally hired. So it's good that you end up on Dexscreener moving to a safer system at least Bitget has done the screening, but remember the main rule of playing with hype is you have to be wise to take advantage of it, don't hold it for too long.

Some exchange now offer built-in dex with handpicked coins, although it's no guarantee that it can avoid scam completely since we all know meme coin can always rug, but it's better than using dexscreener for people who aren't really well versed with dex and its red flags.
I'd say just use those if anybody is truly concerned about being rugged, always use the ticker that have verified badge if there is any.

Yes, I will agree with you on that. For example, CEXs like Binance, Bitget, and others have their Onchain and Alphas that actually bring potential projects, and that's one of those things they have ahead of Dexscreener. As a user, you'd have known the risks. I, for one, can testify on a project called $BOB that was listed on Onchain and it gave me massive profits twice as i saw it early, and i watched it approach my target exit zone. After a 10x move, the price is consolidating, but with strong liquidity.