Quote from: virasisog on June 09, 2021, 08:06:28 AM

Quote from: LemonMaker on June 09, 2021, 07:57:18 AM

Quote from: Maus0728 on June 09, 2021, 07:52:04 AM

Although this was posted almost a year now, I think you can still learn some of the fundamentals and parameters to assess if the token will turn out to be a scam or not. It's a compilation of guides that you can read and it may take you a while to learn the patterns of what a scam project does.

Collection of comprehensive guides on identify and avoid scam projects

Just a heads up, even if the project has something nice to offer to the public, it doesn't mean that they will be always truthful to their investors all the time especially now where the market has turned upside down. I would rather use them to "degen trade" instead of falling in love with these altcoins that pop out of thin air during the bullish season.

Super helpful... thanks! One more question – what is "degen trade" and how long should I wait in a dip before pulling out?

It is trading without looking to a coin's real value but hopping in because of FOMO to just join the hype for quick trade profit. You don't want to hold a new altcoin since most of them are just hyped and remember that we were recently in a bull market and now it is almost over, most new coins might not survive once the bear market is over so holding it is not ideal.

coins that rely on fomo don't last long, I was tempted by 100x coins, but as soon as I got a 30% profit from my purchase I immediately released it and didn't come back again,
it turned out that my choice was right when the whale pumped it out, I should get away from the new coin
but whether in the future it can be 100x more than the current price or not