Scams in Crypto: How to Spot Them!
Wow, the world of crypto is exhilarating, isn't it? But we have to be on the lookout for those sneaky scams that seem to be popping up everywhere!
Let's dive right in and uncover the telltale signs of these deceitful schemes that masquerade as legitimate projects. Ready? Let's go!
🚩 Long Presale Stages? Scam Alert!
Remember in 2017 when legit projects sold out in seconds? If a presale drags on for months, it's likely a scam! "The longer it runs, the more they take from you!" 🚩
🚩 Presale Bonanza
Oh, you won't believe how much supply they throw into the presale bonanza! We're talking 40% to 70% – they're swimming in it, big money frens! But you know what happens next? 🌊💩
When the token finally hits the market, it takes the most epic faceplant you've ever seen. It's like gravity is playing a cruel joke on them! 😂 So remember, when you see that presale whale, don't get too starry-eyed – there's a high chance it's headed straight for the dumps! 🐋🚀💥
🚩 Anonymous Team? Run!
Bitcoin may be anonymous, but real projects need legitimacy. If they hide behind random avatars, they're probably up to no good!
There are numerous services that offer KYC verification for a fee. However, it's essential to exercise caution and not rely on these services blindly. Unfortunately, scammers can exploit this system, for $1000 you can get KYCd.
🚩 Articles That Promise the Moon and Stars? Beware!
Watch out for articles promising insane returns! Scammers pay thousands to lure newbies in. Beware of those flashy headlines! 📰💸
Keep an eye out for articles that follow a certain pattern, like the one you read about Solana (SOL) and Polygon (MATIC) falling while [REDACTED] token rises.
🚩Say Goodbye to Shady Presale Websites
Oh, listen up, my savvy investor pals! The top-notch projects, don't mess around with sketchy websites, no siree! They strut their stuff on established platforms like the cool cats they are. But, oh my stars, if they expect you to chuck your money right into their wallets, it's time to wave them goodbye like you're seeing off an unwanted houseguest! 🚪😎
🚩Wallets as Black Holes? That's a Big No-No!
Watch out for those crafty scammers! They sneakily dance their way through Nowpayments.io, twirl their way to changenow.io, and poof! Your hard-earned money disappears like a magician's rabbit into a mysterious black hole. It's like they've got a Ph.D. in vanishing investments! 🎩✨
So, keep your eyes wide open, Sherlock-style 🔍, and don't let these swindlers waltz away with your cash! Stay sharp and keep those scam-dodging moves ready! 💃💰
🚩 Project Telegram: Full of Shills!
An army of shillers creates fake hype. Don't be fooled by member count; it can be easily bought-they might have been purchased through cheap Twitter promotions.
Check Twitter for real opinions. Don't get lured into their trap! 🕵️♂️
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😵💫 When in Doubt, Twitter It Out!
Before investing, search the project's ticker on Twitter. If you see scam warnings, trust your gut! Stay safe, my fren! 🛡️🚀💰