Post
Topic
Board Altcoin Discussion
Re: A painful loss
by
Botnake
on 18/02/2022, 23:32:04 UTC

It's too late already but hope someone learn one or two lessons from this
This shouldn't be happening in crypto, the more of this kind rugpull news we get the more it get newbies to want to stay away. And you don't have to always learn the hard way, the amount of money you lost although may not be too big but I'll say it's too much to invest in such a project.
Before investing in a project we have researched thoroughly on especially those selling on Dex, I'll advice everyone to buy less than $10 worth and try to sell to know if you can actually trade it, I think that should help reduce losses.
I think we should also consider that good projects nowadays are already rare to happen and that too good to be true projects are definitely pure scams. However, as what you said OP you there were no suspicious activities listed in the project and that made you believe that its legit. But knowing that its a still a new project, you should have due diligence in looking for any unreasonable or suspicious activities and you should have invested just a small amount that you won't regret if the project ends up as a scam. Maybe this experience will be a lesson not to trust easily as scam projects tend to look like more legit projects than the real legit ones.