Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: tenkansen on February 23, 2025, 04:22:24 AM
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Hi everyone! Anyone knows about this project? In the Telegram community, it´s said that it will be launched in Q2 2025. The project seems pleasant to me, but I always smell a rat. There are many people in the community. Anyway, what do you think?
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I personally don't have any informed about this project, I want to remind you that there are so many new start up projects on the crypto space that are fake, in fact, it almost like scammers has ravage the crypto economy with scams coins/token, we just have to be vigilant.
Again, it is not also guaranteed that very project planned to be listed will not turn scams, there are many projects coin that were listed but were scammed projects. Let be watchful!
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You must be referring to a dead rat so the stench is even going up your nose...and in that case you need to take out the dead rat so there is no more need to cover your nose every time the wind is blowing your way. In other words, if you have some doubt on something either you run away or maybe just limit your exposure so that in case you are right you won't lose that much or if you are wrong you are still able to ride the beast. Now, please tell us here what are the red flags you are seeing in this Lightchain Protocol (https://lightchain.ai/)...maybe you can be able to enlighten the readers of your post so they can be informed likewise.
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Hi everyone! Anyone knows about this project? In the Telegram community, it´s said that it will be launched in Q2 2025. The project seems pleasant to me, but I always smell a rat. There are many people in the community. Anyway, what do you think?
Basically I think one of the first signs to notice a project that is probably a scam or wouldn't go that much far is by how popular it is and how much hype it's packs. On my end I haven't actually heard of this particular project either just like others here mentioned too. This could be as a result of the fact that it possibly could be not worth it.
There are too many projects being launched generally in the crypto and web3 ecosystem and as a result it's important to be careful and research properly before taking any of them seriously.
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The crypto community has been flooded with excess scam projects, and the only way to avoid these scams is to be care with your investment choice. Projects coming from the telegram community these days are now using this as a means of reaching more people and because of that, those less enlightened falls into the pit hole set.
From my end, I am unable to access the website due to poor internet connection. You can throw more insights on what makes you think this site/project is a scam.
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Personally I don't know much about this project but you still haven't informed what trends the project is following. there are many such schemes who enter the market and make money and later run away. Therefore, even if a company whose name is not well known lists crypto assets and collects funds, it will not work in the end and there is a high probability that it will be delisted.
Which currency site to invest in should have a broad understanding of the currency. Know when that currency comes to the market, how much the maximum market rate went up, what kind of profit will be available in the future.
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Most of these projects are pump and dump, you may get good results on the first trading day but the general trend after that is downward. So it is good in one case and that is you get it for free in airDrop.
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Hi everyone! Anyone knows about this project? In the Telegram community, it´s said that it will be launched in Q2 2025. The project seems pleasant to me, but I always smell a rat. There are many people in the community. Anyway, what do you think?
I'm very active in twitter to see newly launch crypto projects and updates but I didn't notice about Lightchain. There are many scam projects out there you should be cautious because it's hard to detect especially these days. You should have check their twitter account if it's very active, have big community and have a yellow check badge. If you smell something bad with a project you are planning to invest with, don't be hesitate to leave.
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Most of these projects are pump and dump, you may get good results on the first trading day but the general trend after that is downward. So it is good in one case and that is you get it for free in airDrop.
In a pump and dump the price of a cryptocurrency is artificially inflated by collusion between participants, followed by a sharp decline. It is important to consider pump and dump as a different technique because it does not require technical or fundamental analysis knowledge. This tactic may be considered fraud so if we can't catch the opportunity here it is better to avoid. There are many people who can make good profits from pump and dump skim.
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This tactic may be considered fraud so if we can't catch the opportunity here it is better to avoid. There are many people who can make good profits from pump and dump skim.
Mostly the profits will be for the developers/platform but for the average trader it is difficult to make profits because of trading bots that make it difficult to buy at a low price and then force you to sell at a very low price to execute the sell order.