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/biz/ - Business & Finance

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29047747 No.29047747 [Reply] [Original]

More specifically how do you see if a project is a scam or not? What do you do? I'm in the War on rugs TG and those guys are massive fags that says everything is a scam, they even shitted on PAID lol. I just want some pointers so I don't have to relly on third parties and raging nocoiner fags

>> No.29048417
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29048417

Unless you have insider knowledge all this shit is complete speculation and gambling.

Anyone who tells you otherwise is a fucking dirty liar.

GL

>> No.29048614

>>29047747
look the team up, read the whitepaper, does it have real world adoption, is it a memecoin, how early are you, etc.

>> No.29048844

>>29047747

DYOR is almost a complete joke when it comes to crypto. You can study coins, teams, fundamentals, use cases etc. all you want but a single Elon tweet will blow you and your 'well-rounded' coin the fuck out. You either get in early as part of a co-ordinated pump or you hold for two years until your solid purchase eventually gives you a 32% return.

>> No.29049260

>>29048844
lmao retard, look at doge now and look at coins that have actual value behind them. value > memes long term. and if you're holding for 2 years with 32% gains you might be actually retarded
also check'd

>> No.29050364

>>29048417
This. XNS great example. Everything looks legit turned out to be a rug.

Best you can do is avoid the obvious scams that have no use case like MCDC.

Also bear in mind: there are tons of non-scam, completely legit and honest projects with real use cases that just fail for one reason or another, ASKO is a great example due to dumb devs. Then there are projects that are 100% legit, deliver on absolutely everything they promise, have several satisfied corporate clients, and yet the token value STILL crashes to almost nothing - see REQ.


Make no mistake, it's gambling. Educated gambling, sure but at the end of the day you arent playing quake, you are playing xcom: you can reduce and mitigate your risk to improve your chances but at the end of the day it is still luck. And sometimes you just lose.

>> No.29050484

>>29047747
When you see a million threads on biz, it's likely a scam/pump and dump. UNLESS the current price isnt that fat from absolute bottom price

>> No.29050566

>how do you DYOR
Spoon-feeding season is over. DYOR on how to DYOR

>> No.29050808
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29050808

>>29047747
it's super easy.
check if any of the programmers are brown or female. if so, shitcoin. simple as.

>> No.29050913

>>29048417
You're a retard.

Just don't invest in stuff that you don't understand. For example, I'm not putting any money in LTO Network, because I don't understand the usecase at all.

I do understand ChainLink.
I do understand Synthetix.

>> No.29051453

>>29047747
I go to the official site and after two or 3 seconds i know if it's a scam. If they talk about making you rich or something like burning/ deflationary shit probably is a scam.

If it's not I watch their twitter read some of their blog post and maybe skim through the white paper

And usually I invest in things that I understand