Be careful of the coins promoted on news

[Moreno233]

I have long zeroed my mind about any other coin different from Bitcoin because a lot of them are destined to fail. It is even worse for new coins because the chances of it failing is over 98%. This is the reason the altcoin market is suffering, scammers have bastardized the business by flooding the market with useless coins that offer no real utility but promoted mainly to rip people off. Even if a coin is promoted on national dailies to increase their credibility, I will not yield.

[promise444c5]

Don’t even take that particular site news really serious these days, they share fake, misleading and unhelpful informations on their page.

Unless you can check further, don’t use it as a reliable source.. they are only making use of their influence as a well known producers  of news paper during it peek era, to make extra profit by spreading all those nonsense and part of those nonsense is what you just highlighted.

[edit]
Noticed it’s been 2025.. someone must have bumped it but my comment still stands on it anyway ..  it’s even worse now..

[Richbased]

When you see a new coin think promoted the next thing you are supposed to do is to do a very good investigation on the coin for me I usually check if the coin is a decentralized coin if it is a decentralized coin I will then have little Trust on the coin, however if it is a centralized coin I will have very low trust in it after that I will check if the coin bring something new for example faster transactions, cheaper fees, privacy, interoperability, AI, DeFi, etc, i will also check How many coins exist Total supply & circulating supply I will then check if is a fair distribution or do the developers hold too much, I will na check lastly if they have strong and active communities on Telegram, Discord, X.
These are the things that will help you know the true potential of a coin before investing in it don't just see a coin and feel that it is okay to invest in it especially if it is been advertised online even though it is advertise by someone who you believe is a guru in cryptocurrency please still check if the coin has good potential.

This is a well thought idea of someone who doesn't want to fall to these scam hype coins that always pops up in the news or get promoted by social media influencers. I don't think that anyone who passes through this series of investigations that you've just outlined will end up investing in a baseless coin. All the processes you just listed is only done by few people who understand how these coins are being generated. Many other people practically follows trends and hypes then when the coin dumps and vanishes they start looking for who to blame but when they didn't do thorough research on their own to find out the authenticity of that coin.

[Youngrebel]

This is a well thought idea of someone who doesn't want to fall to these scam hype coins that always pops up in the news or get promoted by social media influencers. I don't think that anyone who passes through this series of investigations that you've just outlined will end up investing in a baseless coin. All the processes you just listed is only done by few people who understand how these coins are being generated. Many other people practically follows trends and hypes then when the coin dumps and vanishes they start looking for who to blame but when they didn't do thorough research on their own to find out the authenticity of that coin.

Hyping can easily be very very easy and making people rush into a coin without understanding what they are actually buying and also I doing proper research may not really remove the risk, but it might help you identify the red flags and avoid projects that have credibility and thats why I do tell people around me that they should not rely only on influencers or what is trending because so may things on social media this days are fake and taking time to verify things for yourself is very important mostly in a platform like crypto.

[Jegileman]

Hyping can easily be very very easy and making people rush into a coin without understanding what they are actually buying and also I doing proper research may not really remove the risk, but it might help you identify the red flags and avoid projects that have credibility and thats why I do tell people around me that they should not rely only on influencers or what is trending because so may things on social media this days are fake and taking time to verify things for yourself is very important mostly in a platform like crypto.

Many coins have come and gone and most of them still had more potential than what we are seeing and being exhibited by these coins. Just because a news talks about it, or it is being promoted by an exchange doesn’t mean it is not going to face scrutiny. The cryptocurrency market is something that needs to be studied over again. With the knowledge of the market, you can get to spot out red flags from there and can be avoided easily.

[Homemade-IQ]

[edit]
Noticed it’s been 2025.. someone must have bumped it but my comment still stands on it anyway ..  it’s even worse now..

The truth is that, those influencers campaigning or advertising these token are just doing it because of the money they are paid, because they themselves will never try to invest their money in it, because they know that nothing good will come out from it.

Wether you make this comment last year or not, it's still valid because almost all the new coin coming into the market are pump and dump scheme, so where is the lie?
If newbies can learn and take away greed of trying to get rich quickly, they will never fall victim to scam coin that are everywhere in the market.

[Obulis]

Scam happens at different intensity or level, from local to national and international. Nowadays, the news is a friend of nobody. Just seeing news and falling for it is not enough. But there is something very difficult in this matter, which is the fact that we are usually carried away by the fact that some News media has gained weight (so much trust of the populace). These can even be the reason behind the use of trusted news platforms.
They use trusted platforms to gain peoples trust.