Post
Topic
Board Altcoin Discussion
Re: They want your money by all means possible
by
Farma
on 15/10/2022, 07:51:39 UTC
in this case not only for beginners but for all cryptocurency users should know this because scammers will not target beginners or legends but all crypto users. so in my opinion before making an investment it is certain that we do research on the altcoin we want to invest or DYOR. because without doing research will be high risk for yourself.
The scammers don't care whether they are newbies or old people in the cryptocurrency space. What they think is how the victims can be ensnared in their modus operandi. We cannot eliminate things like this because it is easy for scammers to enter. Moreover, they are smarter than us, they package the best possible projects they will create to attract interest in their projects.
Well, it is undeniable, that they have a very good imagination to create a project that attracts people to invest. for example like Squid coin which really exposes people to quite a big scam. However, we do need to be really careful in choosing the type of investment. we never know when the project can become a scam. nowadays, there are more scam projects than really legit ones. if you want to be safe, investing in popular coins will have a small risk, especially in bitcoin and ethereum.