New currencies and new projects emerge in an endless stream every day, most of which are deceptive and make investors miserable. How can we better identify them? I hope everyone can make suggestions so that more people can learn from experience
Look this is not rocket science, I am sure that deep down you already know what you have to do in order to identify scams, it is just the majority of the people out there simply do not want to follow those steps, as if you really took the time to do your due diligence then you will need to spend months investigating hundreds of projects, only to not find a single one worth your time, and if that is the case then you should give up on those projects as I doubt that even experimented investors could reach a high accuracy rate when picking one of those coins.