Post
Topic
Board Altcoin Discussion
Re: They want your money by all means possible
by
d3nz
on 24/10/2022, 10:39:58 UTC
We are now in a era where scam devs don't care about anonymity anymore,  now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.

1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.

This is the main problem right now and a lot of people are being scammed without even their noticing it. They just take the bait for promising words or thinking that the project will be gonna huge in the future and even though the developers are hiding their information or just creating fake profiles on LinkedIn.

Even if we spread the about the scam projects we cannot control the investor or new investors that will spend their money on scam projects since they are thinking of quick and high profited money which can be turned into their loss.

I would prefer to only trade the altcoins on a known exchange and take the opportunity of the bear market which that has more potential in the future,