Quote from: Oasisman on December 27, 2022, 07:00:07 AM

Quote from: Sunrise360 on December 15, 2022, 08:30:48 AM

With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.

I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project. When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.
1. So as a new trader, it is always important to do your own research before any Investment with any upcoming crypto project.
2. Invest what you can afford to lose
3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?

This has been discussed so many times. When the return is to good to be true, that's most likely a scam. I mean, who gives free money nowadays? Just put your money in it and expect a thousand folds return? nah, you must be dreamin. You have like 0.1% chance of landing that kind of project, and you're putting 99.9% of risk in putting your money in it.
Why not put your money to Bitcoin? These days seems a perfect time to buy more Btc. In 2024 Bitcoin will most likely going to have a it's new heights.

I guess most people knew before investment that the project would be a scam. They either believed that the money was something they could afford to lose or held a pipe dream that the 5 times returns might happen because they are the lucky ones. It's not hard to judge a scam project and most of us are able to tell whenever we see one. The difficult part is that many people choose to believe that 0.1% chance of winning. What is the difference between this and gambling ?