Quote from: batang_bitcoin on November 02, 2023, 08:13:58 PM

Quote from: Belarge on November 02, 2023, 07:32:10 PM

Quote from: batang_bitcoin on November 02, 2023, 06:59:21 PM

Some altcoins or let's say that they are many now that are becoming fake and being soft launched in the market. They're just testing the waters if they're going to become popular and gain volume. But not all of them are fake, we know that there are legitimate ones and is being used by many like the top ones. If you're in the new ones, you'll have to deal with the risk that they bear usually when they come out freshly to the market. So if you have earned like the new releases and they're being listed in good exchanges, you won't call them fake because you earn upon dumping it.

We should never triggered positions in the market without mapping good strategies, instead let the market comes to us, triggered our buy and sell limits. Our opinions differs depending on our experience in the system, there are numerous projects we have encounter, some turn out to be legit and profitable while others are scammed projects that embezzled all our initial capital, leaving us in deep regrets. I'm not following the trends, rather sticking to price actions, because that's one of the smooth techniques in the process of generating substantial capital. Most altcoins are fake, they mostly turned into scam projects in the space.

Good for you if you are not following the trends and you're likely avoiding most of the scam projects that are released in the market. That's how many of the new investors gets in to these fake and scam altcoins. Because of their desire to cope with the trend and hype, they invest in almost everything they see and that's why they fall to projects that are just sucking their money and they don't know how to recover it because there is no way to recover it if you're going to ask me about it unless they recover in other ways or methods.

Unfortunately most of those fake altcoins are well package such that it's often very difficult to detect their genuineness, infact their developers employed influencers to promote the project so as to look real, as you rightly said getting updates and latest information of as many altcoins is one of the ways of avoiding investing in those fake altcoins, it's a pity that many newbies in their bid to make huge profit in s short time frame usually fell into the trap of those fake project especially memecoins which are mostly pump and dump coins, I am very sure a lot of unsuspecting newbies had lost huge funds after investing on those fake altcoins the best best is to invest in BNB, Ethereum, Bitcoin etc.