Post
Topic
Board Altcoin Discussion
Re: How to avoid a scam project?
by
Furious 7
on 31/05/2023, 18:21:27 UTC
So many scam projects out there one has to make very good research before investing in any project to avoid been a victim of scam.The market is full of scam one need to be very careful to avoid loosing their funds.
Even though paying attention to these conditions is a good thing because we are looking for and researching first whether this will end in a scam or not but on the other hand it is too time consuming in my opinion especially by doing something like this does not mean you will not be scammed in the end because of the possibility it is always there as long as you are struggling with new projects that are not clear.
The current condition is when we search every day, it's not even certain that we will find 1 good project in a day with the many fraud conditions currently.
The simplest way is to avoid it for whatever reason. Even though in the end we will be a little closed with a good new project but as long as we believe in what we are doing and want to be free from fraud I think it's not a problem.
people are looking for new good projects aimed at multiplying their money, thus making them rich. however it is difficult to research a new project that is not a scam and has a good future. moreover, we encounter many projects that have convincing roadmaps and in the end are scams, of course it will make us dizzy. I agree, the best way is to avoid it, while investing in trusted coins as if you don't need research anymore, we can buy at any time and wait for it
You have to sacrifice something if you really want something else because that's a real choice.
If indeed people who only easily carry out this condition with the hope of getting abundant wealth instantly then of course they also have to be aware of the conditions that will befall one of them being trapped in the project they are participating in and exposed to fraud because no matter how hard they are In researching it, we also don't guarantee that you won't be deceived, because that's just one way to minimize it so that we can avoid fraud.
As for when you don't want to know about all kinds of new projects and don't do anything there and only focus on old projects and invest in certain places like bitcoin then indeed we will definitely avoid new project fraud but with a note if you don't get instant riches from meme projects don't be too sorry.
I prefer the second option in this case because I'd rather be in a definite place for bitcoin than have to go back and forth looking for new projects that are just hit n run.