Quote from: Mate2237 on February 05, 2024, 09:25:07 PM

Quote from: FireDAO CY on April 26, 2023, 07:55:32 AM

There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.

Before you invest in any new project, you have to observe many things or factors and such as the popularity of the coin, the uses of the coin and the community support of the coin and if you investing in any coin without those factors then it becomes to the popular saying that "it is for the owner's risk". If you lost your funds in the process of investing in the altcoins then you don't have to blame anyone because you didn't make a concrete investigation before keying into the investment.

Make more research before you start your investment in altcoins before you came out and cry.

Yes, although research does not guarantee that the project is a legit project, it can reduce the possibility that the project we support is a scam. However, it is very difficult to identify early if the project really intends to deceive its investors. Because there are so many cases that a project will become a scam when the project has already released a product. However, with gradual research, you may be able to determine whether a project is good or not, or even a scam. Research is key.