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Showing 2 of 2 results by Jentle
Post
Topic
Board Altcoin Discussion
Re: The Dev is not your friend, so be careful.
by
Jentle
on 06/01/2023, 11:57:14 UTC
If you see a new project and you are tempted to invest in it you are stupid because new projects require tough research first, there is a chance that the project is a scam so before clicking the buy button you have to be sure what you are getting into.

Developers are here to make money, let that sink into your head, if we turn the table around and you become a dev yourself will you work for free? So it's always about the money.

I disagree with the fact that only stupid people are tempted to invest in a new project.
Post
Topic
Board Beginners & Help
Topic OP
The Dev is not your friend, so be careful.
by
Jentle
on 03/01/2023, 04:56:02 UTC
Often as a newbie, when you see a new project you are tempted to invest in all. Why I agree that not all new projects are scam, always ensure that you do your own research before putting your hard earn money into a project, otherwise you will wake up to discover that the devs have disappeared with your money.

I have a personal experience, a friend and a mentor told me about a new project that was looking very promising, he advised that I invest in it. So, I did even without looking out for investigating, not too long, the dev pulled out liquidity and that was the end of the road for the project.

So, that's how I lost my investment in that project, though I didn't put much, just about 10$, but a lost is a lost.


Please, be careful out there, the devs are not smiling
 And if you must invest in a project you are not too sure of, always put something small, don't go all in, you might end up regretting.