Post
Topic
Board Altcoin Discussion
Re: What tips you will give to a new investor to identify scam projects early ?
by
mattujusuruga
on 09/12/2023, 11:35:40 UTC
Be wary of premature project partnership announcements. Especially if the project has not existed for a long time. Building a strong reputation among companies such as venture capital firms, media or large stock exchanges takes time and effort. Questionable endorsements or celebrity given token boosts, can also contribute to making a project seem more important than it actually is. Remember, the scammer's goal is to increase the perception of the project's importance, which then translates into positive price action, further generating FOMO in its eventual victims. Therefore, we must carry out careful in-depth research in order to avoid losing money, especially as finding the latest forms of fraud is not always easy.