Post
Topic
Board Altcoin Discussion
Re: Beware of lying project team
by
seamusdorakos
on 14/05/2020, 06:35:55 UTC
I often see a situation where the team announces on the forum that this coin is already traded on the exchange. But when I go to an unknown cryptocurrency exchange, I see that the coin is really traded, but its average daily turnover is only 10 dollars. Therefore, you need to check all the statements of the project team.
crypto market is too young to believe in words of X company/coin/token dev team or whoever speaks for them.
you can invest in stocks and you can partially believe that the company won't face bankruptcy anytime soon
same can't be applied to crypto