Topic: Don't get scammed with shitcoin investing _ step guide! - page 2. (Read 321 times)
That's the major problem with mostly people in crypto they don't follow these important points and their investments end up in loss. Undoubtedly investing in altcoins without proper understanding about the basics may not be worthy at all anyway the points which op mentioned is absolutely informative hopefully mostly people will learn with these important points.
numbers 8 to 10 are easy and common but the rest of the guides you made are new . this makes us a need for people that are specialized on those field if we are going to take investing a serious thing but we can also learn it on our own . for now im going to reply on those numbers that im more familiar with
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8. Watch out for scams in the form of clones, forks, similar names - make sure you have a good address for your smart contract.
forks are a part or a mechanism of a coin , btc and other top coins have thier forks . i dont think forks are a scam . same as the address because its only an address anyway ? but clones in a form of simillar names can be shady .Quote
9. Track the project whose tokens you have bought often get errors in the smart contract itself, which are used by people who only care about this.
error or no you must track the project that you invested because they give announcement that can be important Quote
10. Pay attention to who you are talking to on Telegram - impersonating, not using presale bots - scamming.
i have seen many groups , channels and bots . they can be scam if they want to . using presale bot does not mean legit . its obvious if there were impersonators 
Well your share seems quite interesting, but I think the way we are exposed to the most popular shitcoins, and they are projects that have relatively old working mechanisms and are not novelties, Most of such projects I think will only attract newcomers to this market, and then what those newcomers get will be the market's experienced people 
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And my advice, I think maybe this is probably very realistic that you have to spend money on shitcoin projects like that, you will draw yourself ways to stop it.
.And my advice, I think maybe this is probably very realistic that you have to spend money on shitcoin projects like that, you will draw yourself ways to stop it.
Before paying attention to the 10 guidelines that the OP calls, I first look at the Innovation of the project, use cases, products, and how important the project is in the future. Scam projects can be identified with fake teams, plagiarism whitepapers, or content that copied previous projects. Scammers usually promote their projects by promising multiple returns on investment or does not make sense. and only gullible people become victims.
I agree with the above statement. Technical details we can look simultaneously but for me, the important is - do they really have use case to implement or just using some sort of front to attract buyers? Because you will know if their concept is viable and ready to implement, when you check their whitepaper and their plans how to execute it. Actually, it is better to invest if they already have the working platform with users on board not just only in beta stage of their product. Many can create well-written whitepaper but in terms of implementation, they are very poor. Once they raised funds, expect that the team will avoid development questions and will just give promising talks about their real product. Not very many can actually make their platform a reality and working.
This is a very helpful lists especially to the new ones in this crypto industry. A lot of scam project lurking these days and some created for hype and to attract investors once it hit their goals the amount of money they suddenly exit. It is necessary to always do your research before investing to avoid getting scam. Invest on those project with real use case and products.
Thank you for giving this important points, this really helped me. Many people are deceived and don't do depth research when they are carried away by the hype. Remember, the number one point is research. If we only followed fomk or hype it will make us fooled.
Before paying attention to the 10 guidelines that the OP calls, I first look at the Innovation of the project, use cases, products, and how important the project is in the future. Scam projects can be identified with fake teams, plagiarism whitepapers, or content that copied previous projects. Scammers usually promote their projects by promising multiple returns on investment or does not make sense. and only gullible people become victims.
i'm sure most of the projects these days is hard to be identifiy just by the team members, contents or whitepapers. a non-plagiarism or good whitepaper doesn't mean it will guarantee you with the legit projects. the projects that have a real team members also can become an abandoned or scam projects in the end. that's why OP shared some other ways to identify the scam projects.
Before paying attention to the 10 guidelines that the OP calls, I first look at the Innovation of the project, use cases, products, and how important the project is in the future. Scam projects can be identified with fake teams, plagiarism whitepapers, or content that copied previous projects. Scammers usually promote their projects by promising multiple returns on investment or does not make sense. and only gullible people become victims.
11. there is no reason to invest in a new shit scam coins/tokens at this point. risk is much higher than reward.
A very useful guide.
This point is especially interesting to me. Is necessary to study Solidity for understand correctly? Or are there any stop commands?
1. Pay attention to the mint() function, its implementation may allow printing tokens at any time.
This point is especially interesting to me. Is necessary to study Solidity for understand correctly? Or are there any stop commands?
Good points though but it is impossible to stay away from scam projects for cent percent because scammers are always ahead of the investors and they are better at making the scam projects looks perfect. Investors should learn about analysis of a crypto project and they should update their knowledge from time to time.
1. Pay attention to the mint() function, its implementation may allow printing tokens at any time.
2. Liquidity Locked does not always guarantee security and safety, not all tokens that create liquidity can be locked, pay attention to using UniCrypt.
3. Lack of a temporary blockade for private sales, pre-sales usually results in quick sales of tokens as soon as they appear on the exchange, read and ask if there is such a blockade.
4. Read the source code, a properly prepared smart contract can prevent you from selling, you can only be allowed to buy - usually for ETH.
5. Pay attention to the number and occurrence of tokens - premined, smart contract programmers can have a significant impact on the price of a token.
6. Pay attention and often verify which contracts you have given access to your addresses, apply the one-time shitcoin address rule, think how much you would earn on UNI with this approach.
7. Check out services such as http://revoke.cash and http://approved.zone to cancel access to your funds for selected smart contracts.
8. Watch out for scams in the form of clones, forks, similar names - make sure you have a good address for your smart contract.
9. Track the project whose tokens you have bought often get errors in the smart contract itself, which are used by people who only care about this.
10. Pay attention to who you are talking to on Telegram - impersonating, not using presale bots - scamming.
2. Liquidity Locked does not always guarantee security and safety, not all tokens that create liquidity can be locked, pay attention to using UniCrypt.
3. Lack of a temporary blockade for private sales, pre-sales usually results in quick sales of tokens as soon as they appear on the exchange, read and ask if there is such a blockade.
4. Read the source code, a properly prepared smart contract can prevent you from selling, you can only be allowed to buy - usually for ETH.
5. Pay attention to the number and occurrence of tokens - premined, smart contract programmers can have a significant impact on the price of a token.
6. Pay attention and often verify which contracts you have given access to your addresses, apply the one-time shitcoin address rule, think how much you would earn on UNI with this approach.
7. Check out services such as http://revoke.cash and http://approved.zone to cancel access to your funds for selected smart contracts.
8. Watch out for scams in the form of clones, forks, similar names - make sure you have a good address for your smart contract.
9. Track the project whose tokens you have bought often get errors in the smart contract itself, which are used by people who only care about this.
10. Pay attention to who you are talking to on Telegram - impersonating, not using presale bots - scamming.
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