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Quote from: jemimah_f3 on November 11, 2020, 09:46:28 AM

Hey guys,
I've checked some intersting altcoins which are pretty cheap now, the projects look promising and legit but I'm still afraid that they could be another pump and dumps (there were so many of them already!). What are the signs or metrics that send alert signals about the projects and I should check deeper or not risk my money? Or is it just impossible to tell if it's another pump and dump scam project.

Pump and dump is only possible with low volume coins and that too on bad quality exchanges like yobit etc where most coins are just for the sake of pump and dump and they provide no real use case. To avoid such coins you should trade only genuine projects.

Top altcoins are the best where you know that those cannot be pump and dumped. Also, their rise is quite certain when the altcoins begins to rise as those low prices or lower volume coins are mostly used for pump and dump startegy. I choose to ignore such coins because I am happier with the top coins as I do look for a long-term holding which can yield good profits.

You have to be careful with dealing on the pump and dump of coins with less volume because it's very risky that it's possible we would end up as bag holder. of course I'm not saying you can't play with it, it's still up to an investors choice, if he is a risk taker, then maybe he will be playing with the pump and dump game for not so liquid altcoins.

Indeed, it is very risky to invest in some projects that have less volume, you should be careful of what decision you make because one single mistake can lead to loss of profit. There are lots of projects out there and it is normal to them when it pumps or dumps since it is the nature of cryptocurrency itself, the volatility is normal as long as there are some uyers and holders of that particular token.