Be careful of the coin you invest on.

[bayu7adi]

Exactly as cryptocurrencies are gaining more recognition, that's how the numbers of scams that relate to this space are increasing too. So those of us we have to work our ass off before earning, should be careful of the way we invest those hard earned funds.  Because alot of scammers are at there , that are finding all means to get one hard earn money.

Like a friend of mine he said he Invested on a certain project, hoping for something big but at the end the project run with alot of people money even his . So avoid that from happening to us we have to be cautious.

Fraud in the crypto world will always exist because the crypto space is still very vulnerable and many people also lack concern about security. Making payments in advance without knowing what will be done with the money paid, is a big mistake that should not happen easily. Buying coins or tokens is normal in the crypto world, but buying coins and being promised a profit is a little suspicious.

Education about the dangers of fraud should be understood by all potential investors, because we will never know where, when and where this danger comes from. Projects that are abandoned by their owners can be used as valuable lessons for all of us to understand how fraud itself works.

[Dr.Bitcoin_Strange]

Fraud in the crypto world will always exist because the crypto space is still very vulnerable and many people also lack concern about security. Making payments in advance without knowing what will be done with the money paid, is a big mistake that should not happen easily. Buying coins or tokens is normal in the crypto world, but buying coins and being promised a profit is a little suspicious.

This used to be the order of the day in the crypto world, especially when it has to do with buying and selling of crypto, naive investors were tricked into sending their bitcoin first before they can receive their money, or to send in their money first before they can receive their Bitcoin, and this has been used to defraud so many naive investors, and even those who have somewhat knowledge of Bitcoin and the crypto world, Hence the introduction of escrows and p2p services, but even im face of these services set to enhance the security of one's assets, people are still being manipulated and scammed of their hard earned money.

[albon]

If bitcoin halves, altcoins in the crypto market will fall drastically because only the altcoins market can follow the price of bitcoin and raise its hype. However from your point if you invest in haste it can reflect loss and in most cases it is not possible to get rich by investing in haste. Different coins and activities of their development organizations are available in this crypto market. So you have to have a lot of experience in everything else you will never get a good project. There are many projects that die after successfully entering the exchange market so do proper research before jumping into any kind of investment.

[Agbe]

If bitcoin halves, altcoins in the crypto market will fall drastically because only the altcoins market can follow the price of bitcoin and raise its hype. However from your point if you invest in haste it can reflect loss and in most cases it is not possible to get rich by investing in haste. Different coins and activities of their development organizations are available in this crypto market. So you have to have a lot of experience in everything else you will never get a good project. There are many projects that die after successfully entering the exchange market so do proper research before jumping into any kind of investment.

many people got disappointed in this year halving because they're miscalculation about the halving for them to invest. And after the halving it becomes difficult for people to know the time to invest. Because they thought before the halving the market would come down to $20k or below but it wasn't. And the altcoins became stagnant and some of them were having some challenges so to invest was the problem so most people who were interested to invest at that time forfeit the interest to invest. Cryptocurrency is unpredictable so when you make research before investing too. The best is always know when to buy and when not to buy.

[Dyakoff]

All am trying to say is that we should be careful on how we invest our hard earned money, by doing proper research before jumping into any form of investment

I totally agree. Engaging with cryptocurrency inherently involves significant risks, so conducting thorough research is essential.
Everyone should be encouraged to do prior research before investing time or money. You can choose your own red flags and green lights, but here are a few helpful personal timps. To help identify reputable projects I'm using my personal system I call RIPPER for remembering it more easily. Currently, I’m participating in the Prom Testnet Campaign, and I'll use this example to explain how RIPPER functions.

1. Reputation: Examining a project's background and team involvement is crucial. For example, a newly created Twitter account could be a red flag. Prom Network, however, has been active on Twitter since 2020 and has its token listed on Binance, indicating a more established presence.

2. Investors: Identifying a project's backers is important. Prom Network is supported by DWF Labs, a well-regarded market maker, which reduces the likelihood of fraudulent activity.

3. Platform: The platforms used for project-related activities matter. Prom Network uses Zealy for its campaigns, a platform known for its partnerships with reputable projects, which increases my confidence.

4. People: A project with an active and knowledgeable community is promising. Prom's community is highly engaged, with members contributing valuable content on Medium and Reddit, which builds trust in the project.

5. Explicit Requirements: Clear understanding of rewards eligibility criteria is vital. Prom provides a transparent dashboard that tracks and calculates points for completed tasks, ensuring fairness and clarity.

6. Resources: Be cautious with testnets requiring significant financial commitments. Prom Testnet tasks are completed using free test tokens distributed daily from a faucet, eliminating the need for monetary investment over the past month.

I hope this explanation of my RIPPER system clarifies my decision-making process and helps you in your own research efforts.

[Dr.Bitcoin_Strange]

If bitcoin halves, altcoins in the crypto market will fall drastically because only the altcoins market can follow the price of bitcoin and raise its hype. However from your point if you invest in haste it can reflect loss and in most cases it is not possible to get rich by investing in haste. Different coins and activities of their development organizations are available in this crypto market. So you have to have a lot of experience in everything else you will never get a good project. There are many projects that die after successfully entering the exchange market so do proper research before jumping into any kind of investment.

Filling your bag with variety of shitcoins doesn't increase your chances of becoming rich or gaining profit from cryptocurrency, on the contrary, it increases your chances of losses, this is because, investing in several tokens without having adequate knowledge of what those tokens are all about only means that you're gambling, and not even knowing whether the tokens you've bought are in their dumping stage, which means even more losses.

The best approach is to first conduct proper and extensive research about the investment you plan to get involved with before indulging yourself, and then discover the best approaches to use in order to mitigate losses and maximize profit.

[JISAN]

Big yes, it is important to do research before investing in a project to avoid scams. we encourage those who are new to crypto to do your own research, don't jump right into a project that you don't know if it's legit

All types of investments have risks because scammers are everywhere.  Since crypto is decentralized, scammers attack more because it is almost impossible to find out the personal details of the fraudster.  So one should be very careful while investing in crypto to avoid falling prey to scams.  One of the fun things about investing in crypto is that it offers higher profits than other sectors and that too in a shorter period of time.  And crypto has a freedom that other fields don't have.  However, due to the large number of scammers here, you have to be very careful.

[bounceback]

Filling your bag with variety of shitcoins doesn't increase your chances of becoming rich or gaining profit from cryptocurrency, on the contrary, it increases your chances of losses, this is because, investing in several tokens without having adequate knowledge of what those tokens are all about only means that you're gambling, and not even knowing whether the tokens you've bought are in their dumping stage, which means even more losses.

The best approach is to first conduct proper and extensive research about the investment you plan to get involved with before indulging yourself, and then discover the best approaches to use in order to mitigate losses and maximize profit.

Put egg on several bracket has opportunity to earn much profitable the same with cryptocurrency or investing in shit coins, filling our bag by several kinds of meme or shit coin give us large opportunity to earn much profitable during investing when lower MC cap and selling later after raising to higher price without greedy keep hold it for longer time.
Make research when filling bad with varieties kinds of shit coins and filter which one most worth for investing with shitcoin, not all shitcoins has opportunity to earn much profitable exactly has pre sale moment make developer run away after success pre sale period.

[Crypto Library]

All types of investments have risks because scammers are everywhere.  Since crypto is decentralized, scammers attack more because it is almost impossible to find out the personal details of the fraudster.  So one should be very careful while investing in crypto to avoid falling prey to scams.  One of the fun things about investing in crypto is that it offers higher profits than other sectors and that too in a shorter period of time.  And crypto has a freedom that other fields don't have.  However, due to the large number of scammers here, you have to be very careful.

Then how you will say about the FTX incident, Luna incidents , OneCoin ? These are one of the biggest scams in cryptocurrency even if you don't call them scam you have to agree with me that people made huge loss from these. So investment are highly risk what ever you want to do.
I will say always avoid the new projects for high investment and also those that are created on hype and trend. So be careful about the coin you want to invest on also the platform what you are going to use.

[UNIVERSE]

All types of investments have risks because scammers are everywhere.  Since crypto is decentralized, scammers attack more because it is almost impossible to find out the personal details of the fraudster.  So one should be very careful while investing in crypto to avoid falling prey to scams.

Of course, there is no investment that has no risk. Even we invest in gold and land, they also have the risks. However, crypto investment has higher risks because it is decentralized and no institution has the power to control it. When we got scams, there is no way to recover our funds because we have no way to identify the scammers. Sure, we must be very careful because we have the responsibility to our own investment.

One of the fun things about investing in crypto is that it offers higher profits than other sectors and that too in a shorter period of time.  And crypto has a freedom that other fields don't have.  However, due to the large number of scammers here, you have to be very careful.

Indeed. Crypto investment offers higher profits than any other investments. If we know how to get maximum profits from crypto, crypto gives us a very big opportunity. But it is not easy to take the advantage from crypto, we must know well the nature of crypto. That's why knowledge and experience are very crucial and have main roles in crypto space.

[Sim_card]

All types of investments have risks because scammers are everywhere.  Since crypto is decentralized, scammers attack more because it is almost impossible to find out the personal details of the fraudster.  So one should be very careful while investing in crypto to avoid falling prey to scams.  One of the fun things about investing in crypto is that it offers higher profits than other sectors and that too in a shorter period of time.  And crypto has a freedom that other fields don't have.  However, due to the large number of scammers here, you have to be very careful.

Then how you will say about the FTX incident, Luna incidents , OneCoin ? These are one of the biggest scams in cryptocurrency even if you don't call them scam you have to agree with me that people made huge loss from these. So investment are highly risk what ever you want to do.
I will say always avoid the new projects for high investment and also those that are created on hype and trend. So be careful about the coin you want to invest on also the platform what you are going to use.

New coins should be avoided in order not to run at loss because most of them will not survive the market for long, because they were created to scam people of their hard earned money. Currently that the bull run is around the corner, I have seen a lot of new project coming out and they will deceive people that as bitcoin price is increasing gradually since onset is how the value of the coins will increase. A friend of mine came to me today and told me fake reasons why bitcoin price is the way it is. He said that because of the Ton network and the new coins that are created using the network, so a lot of people are abandoning bitcoin for it. I told him that it is a lie and the price of bitcoin is still moving as expected.