Benefits of Being Early in Crypto and Protecting Against Scams

[robelneo]

There's a good benefit if you invest early in the right Crypto, not only can you make a long term profit from that coin, but its a big achievement on your part as it's also hard to trace a good investment on the so many coins or tokens that are being launch.
There's the issue of rugpull, pump, and dump, you can hardly find developers who are dedicated to building a platform that has a use case for the community.

[Sim_card]

Beware of new projects because I think the best of projects are already out and we can know them with how long they have lasted in the market with their increase in value. Any new project now might not have the potential to last in the market because they are created to scam people of their hard earned money. The problem is that you cannot know which of these new projects are not scam and that is why one need to stay away from them to avoid losses.

[0t3p0t]

There's a good benefit if you invest early in the right Crypto, not only can you make a long term profit from that coin, but its a big achievement on your part as it's also hard to trace a good investment on the so many coins or tokens that are being launch.
There's the issue of rugpull, pump, and dump, you can hardly find developers who are dedicated to building a platform that has a use case for the community.

Yeah true. I actually wanted to be one of those who wanted to be as early as possible especially in newer tokens but I ended up rugged and I think most of them failed me. But yeah as an investor who is hoping for aomething good I should be very careful next time I had to buy so it won't hurt that much. Hopefully we will find the most profitable coin very soon so that we can achieve financial freedom.  😅

[SOKO-DEKE]

Honestly, all these new projects coming to the crypto industry nowadays are just built to scam people. It is very really hard to find a truthful new project now in the crypto industry market. There may be a few good projects, but it's not worth trusting them unless they've been established. I have tried to invest in some new projects in the past, but almost all of them ended in scams because I really lost a lot. For me, it will be better and advisable for someone to always invest in already established projects so they do not easily get scammed because many of them are just making fake promises to early investors.

[|MINER|]

To me, it is 50/50 these days because you will hardly identify a good project in the crypto space; most of the developers are used to ways people used to identify fake projects easily, and they have upgraded in a way they will look extremely real to deceive investors; therefore, investing early in new projects is risky, unlike before. Although if you do deep research, you can get it right and will definitely benefit from the project, sometimes the reverse is the case.

................................................................
Old projects can now be the best to invest in if you are not too greedy to cash out quickly.
Risk is involved in both new and old project, but old reputable projects can be safer.

You are also right because if you are looking for investing on old coin then there is low chances of losses and for the risk management their is already have the DCA method. But here people are have the chances of getting profit in lower way.
And in case of early investment on any project have the more chances of getting huge profit. Like when bitcoin price was 300$ and they hold bitcoin they are the early investor of bitcoin and imagine how much the get profit. But for altcoin this is really high risk to be a early investor on that because we see the luna incident in the previous time how they crash.

[Agbe]

Many early investors of cryptocurrency most bitcoin lost their wallets so they lost their coins as well. And the few who had bitcoin at the early stage makes gain in the previous all time high of the coin. And I don't trust all the old project to be good to invest because they are like wasting my funds in those place. Dogecoin and Ethereum are good example of old coins that is not god for the time.

[ZAINmalik75]

To be early on a crypto project could probably bring you massive gains. Whether it is to enter at a lower price, receive exclusive perks, or ride the initial growth wave of a token, such is the privilege of early adoption. But with this opportunity comes great risk, especially in a place where scams and rug pulls have become an unfortunate reality.

Use Contract Analysis Tools: The best way to protect yourself is to analyze the smart contract of a project. For real-time analysis, you may use tools like GUARIT Scan to check the vulnerabilities, honeypot risks, and legitimacy of the contract on your own. I always do it first before any early investment personally, and with that peace of mind, take a clear picture of what I am getting into

I agree with all of your statements and there are benefit and rewards for early users and investors and sometimes they give big rewards for example in January people have to stake an alt in Mantra paradigm airdrop in order to get the rewards. Stakers made good profit in lesser time because the project was promising following the schedule. Many international influencers talked about it. All that media and influencers investment was a trust that shows the project was legit.

When a project is advertised by trusted influencers not jus one but by many because all of them can't advertise a fake project. That project not going to scam people. Early investments can make people a lot of money.

There is no tool by the name of GUARIT can you provide the link directly.

[Z-tight]

The benefit of being an early adopter simply depends on the crypto project itself, if the project is a failure, i am sure you will regret being either an early or a late adopter. I don't think one should focus on this, but the project they want to buy, look at its use case, roadmap, whitepaper, etc; don't just buy any project because you wanna get in early.

[EluguHcman]

It is really a profitable privilege for investors who are frontliners of adopting crypto currencies at when it was newly introduced because you will stand chances to buy a lot of values in a cheap rate of fund and while holding patiently until the coin gains momentum forces of values in the market, you will be sure of earning treasury values in returns while those who awaits for the coin to be famous or gaining weight before those who buys lately will be considered because they bought at a high rate.

Although there is no limitation of who embraces a coin first and who came lather. Investing on a newly launched coins at the course of buying on a cheap rate is otherwise dangerous as risky too because you are not guaranteed about the coins reputations that is why we are required to enquire before adopting a coin

[Themepen]

It is really a profitable privilege for investors who are frontliners of adopting crypto currencies at when it was newly introduced because you will stand chances to buy a lot of values in a cheap rate of fund and while holding patiently until the coin gains momentum forces of values in the market, you will be sure of earning treasury values in returns while those who awaits for the coin to be famous or gaining weight before those who buys lately will be considered because they bought at a high rate.

Although there is no limitation of who embraces a coin first and who came lather. Investing on a newly launched coins at the course of buying on a cheap rate is otherwise dangerous as risky too because you are not guaranteed about the coins reputations that is why we are required to enquire before adopting a coin

I agree with you it is great for people who invest in cryptocurrency early. They can buy coins for low price and possibly earn a lot of money if coin becomes popular. But it is good to keep in mind that investing in new coins can be risky or they can scam. We do not have  knowledge if these coins will be successful or not because they are new in market. To reduce these risks we need to do our research and find coin carefully. We should always see at its potential team which is working behind it and how much demand there is for it in market and how much people believe in. We should not invest because price is low. By keeping careful and informed investors can make good decisions and possibly earn a lot of money.

[Z-tight]

Investing on a newly launched coins at the course of buying on a cheap rate is otherwise dangerous as risky too because you are not guaranteed about the coins reputations that is why we are required to enquire before adopting a coin

If a coin is new, it is almost impossible to know what the future holds for the coin, however, if a coin has a utility and solves a real problem, then it is likely to succeed. The thing is just that it is difficult to find a new coin that has any utility, it is usually fake promises and lies, that is why i don't recommend one to buy new coins early. It is better to buy BTC than trying to buy an altcoin because it is new.

[Captain Corporate]

This should be something that will be quite tough at the moment, that isn't really a situation that will grow to be a lot harder, we just need to focus on what we can do with what we have. This should be very important because its going to end up with a smart person trying to avoid doing any harm to their own finances if they are careful. Not getting scammed is a huge deal, it can't be dealt with all that much, so its going to be quite profitable if they know the market and not get scammed, so its very important.

[|MINER|]

This should be something that will be quite tough at the moment, that isn't really a situation that will grow to be a lot harder, we just need to focus on what we can do with what we have. This should be very important because its going to end up with a smart person trying to avoid doing any harm to their own finances if they are careful. Not getting scammed is a huge deal, it can't be dealt with all that much, so its going to be quite profitable if they know the market and not get scammed, so its very important.

I want to say agree with you. Because in the recent period we have seen lots of people being scammed just because of their greediness like those people want to be riches person by in a short period like the quick rich scheme most of them thought that cryptocurrrency are the quick rich scheme and that is why the get scammed.
And If I say then we will find most of them are the early investor of those coin who are being the rug pull or the failed project of alt-coins. I think here still have some coin where  people can be early investor but still amount should in afford of this losing power.

[Asiska02]

The benefit of being an early adopter simply depends on the crypto project itself, if the project is a failure, i am sure you will regret being either an early or a late adopter. I don't think one should focus on this, but the project they want to buy, look at its use case, roadmap, whitepaper, etc; don't just buy any project because you wanna get in early.

The long time effect of every project that will not be successful can easily be felt in the first few days that they’re being launched. Too many errors will be noticed from the developers of such project which sometimes may not be sighted on time by the users, they try to make everything look fine whereby deep inside, it was never like that and won’t be like that. The developers of a team contribute most to how lasting a project will be and if it’ll benefit the early adopters or not. Always do research before investing and it’ll save you from a lot of all this mess.

[SamReomo]

currently most devs are projects that have small capital but want to make a profit and end up running away with the community's money

Yes, they mostly create those meme coins to run away with the money of the investors. Meme coins are highly hyped and that's why investors often invest money in newly launched meme coins especially the Solana based ones and when those meme coins get listed on Dexscreener by paying the fee then those investors often spend thousands of dollars on those meme coins.

When such meme coins dev gets 10x to 20x return then he/she sell of his/her coins and rug the money of the investors. Some of those coins then get in control of community or CTO and so far I have seen only few successful CTO coins because most of the guys who run the CTO are the investors who lost their money and with the name of CTO they rug money of other investors.