> Just because a project has a huge following on Twitter or Telegram doesn’t mean it’s safe. **We need to be careful — it’s our money at stake.
True, the number of follower or subscriber does not reflect the validity of the projects. Followers and subscribers can be bought and it is very cheap. It should be also one of the red flag if there is a huge follower and yet only a few reponsdent can be seen.
> How about you guys — what are your personal tips or red flags when doing research? Feel free to share your experiences.
If anyone is new in the cryptocurrency, I would suggest to only invest in Bitcoin, we do not need to much research to see the validity of Bitcoin because Bitcoin has already proven itself. If there is any, it is the company that integrates Bitcoin into its service, especially in the investment area. Make sure that it is licensed by Central Bank since any company that deals with finances must be approved by the Central bank.