Quote from: krishnaverma on Today at 02:04:48 PM

Quote from: lobo13hf on July 16, 2023, 10:45:40 PM

refrain from investing in a project that falls under category of shitcoin and meme coin, usually these project have no use case, rarely good products its just plain token that they offered and thats it.
you already do yourself a favor saving yourself from investing into shitcoin which definitely have the potential of scamming you.

I do not invest in new coins at all. I created this thread to help other new investors who get tempted from huge returns being offered by new coins. One must avoid these coins or his whole trust on bitcoin and ecosystem will collapse.

Perhaps, we can't fall into scam projects if we are able to determine whether that project is a scam or not but at some point, some promising projects had also turned into scams, and Terra Luna is an example. I would say that it was hard to determine early if the project is a scam or not because these developers are clever enough to keep their intentions, sometimes we only got surprised.

This is why if we have to invest in crypto, better to choose only those projects that it has existed for many years and still show good performance like BTC, ETH, and BNB.