Post
Topic
Board Altcoin Discussion
Re: Red Flags I Look for Before Touching Any Altcoin
by
justdimin
on 22/08/2025, 20:05:50 UTC
Just because something looks promising doesn't mean it is what it seems we will face many scam coins that appear amazing at first but turn out to be worthless we should remember that scammers are skilled at their work and the best ones can even make a coin look genuinely good if they wanted to. The tricky part is that some projects are so well designed that if the creators had worked honestly they could have made a lot of money instead they choose to scam and that teaches us to be cautious it is not as simple as checking a list or following hype. Newbies face the hardest challenge because they see a project doing well and assume the next one that looks similar will also succeed they get excited by the profits others are making but often they are judging by appearance not by substance this leads to mistakes and losses, because of this, many newcomers end up with bad results and discouragement it is important to warn them that even projects that seem legitimate can be risky and appearance alone cannot guarantee success handling new projects requires patience analysis and a clear understanding of potential risks.
Yes, we face a lot of issues with people who look at what something "could" be, and not what it is. Promises are the worst part of new projects because many people fall for them. It's true that it's better than nothing, but if a project promises you a lot in return of getting funded, you have to realize and accept the fact that they could take that funding and leave.

There is no incentives for them to use those same funds to make the project better, they may do that, but they may also not do that. Which is why it's quite obvious that we are not going to get that much return from most of the new projects since the devs are only interested in getting rich themselves first, and ignore all the investors who lose money on it.