Post
Topic
Board Altcoin Discussion
Re: How do I know if an altcoin is a scam?
by
ancafe
on 20/07/2021, 10:51:28 UTC
many people buy even knowing that the coin is scam, just to flip it asap.
that's what that BSC tokens mania was about.
if you're not willing to gamble like that, then just stick to big cap coins or new coins that have well known backers like polychain capital or coinbase
Yeah, it's too risky. I prefer to choose coins that have promising prospects in the future. however, when the coin becomes a scam, it is very difficult to track it down until we know that it is a scam. because when the swindlers really intend, then almost anything made is good enough. however, doing research is the right thing to know if it could be a scam or not.