Quote from: o48o on January 03, 2023, 10:48:52 PM

Quote from: Jentle on January 03, 2023, 04:56:02 AM

Often as a newbie, when you see a new project you are tempted to invest in it. Why I agree that not all new projects are scam, always ensure that you do your own research before putting your hard earn money into a project, otherwise you will wake up to discover that the devs have disappeared with your money.

I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without doing my little investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.

So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.

Please, be careful out there, the devs are not smiling
And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.

I refuse to call those people devs, as they are not developing anything, they never even meant to do so. Everyone who is pulling out liquidity is just a scammer. Anyone can create a token, you don't need to be a developer to do so. And these days they can pretty much do every step of design with ai. Make AI to write generic crypto whitepapers, roadmaps, descriptions... And spice it up with Midjourney's AI graphics. So they don't even have to even work on that anymore.

That's all they are. Scammers. Dev starts being Dev instead of scammer after he starts developing. That doesn't rule out scamming in the future though.

Lol. You may refuse to call them devs, but that doesn't change the fact that they developed something that turned out to be a scam.

Yeah, some actually start with a good and descent intention but end up as scam for reasons only known to them.