Post
Topic
Board Altcoin Discussion
Re: Altcoin pump and dump
by
themohit
on 29/11/2020, 13:46:31 UTC
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.
You can assume just by watching at white paper (if there is one at all), by watching social media - new project can't grab a lot of attention (otherwise they did buy comments), by watching at team (if its their 1st project or not).
Ultimately, you can't be 100% sure if one project is a scam. There were scam projects that looked real and a lot of people lost their money.
So if that will happen with you - don't be hard on yourself