Post
Topic
Board Altcoin Discussion
Re: Crypto misinformation is turning into an issue for people new to the game.
by
Jackl87
on 02/10/2021, 08:33:14 UTC
I have seen topics and posts around with incredible amounts of misinformation. Mostly posted by newbies as their first or second post. Most people that have been in the crypto game for a while knows to take most "news" about crypto with a grain of salt. But some people that are newer to it might fall victim to fake information or fake investment "guides" that tell you to invest in some token that is, to an experienced person, obviously a pump and dump or scam coin.

The whole cryptospace is a really wild place and can therefore be very dangerous especially for people that are new to this kind of environment. Here we have a lot of scam projects, that are created within a day and their only purpose is to do a rugpull. Then there are the hundreds of meme tokens that came up in the last weeks and months. I am pretty sure that projects made a lot of newbies lose a lot of money and only a few lucky ones made profit with them.