Scams are like the most constant thing in this present cryptocurrency space both in the bearish and bullish market. The bullish market that we are in offers a rich hunting ground for scammers because a lot of newbies are getting involved in cryptocurrencies now more than ever before because of the opportunities that they believe exist and it is really easy for them to fall victim of scammers.
Newbies must take their time to analyze projects before they buy this coins, especially the new coins that appear out of nowhere have have made massive returns in a few days shooting them up to the top movers category on coinmarketcap. Most times some of this coins are created for pump and dump purposes and if you are not careful, you will find yourself buying a bag of coins that can dump anytime and put your portfolio in a big loss.
Successful projects often have strong fundamental attributes to back them up such that even in a bearish market where the growth in valuation of the cryptocurrencies may not be huge, work still continues on the projects development and the project community sees it.
These fundamentals is at the heart of what makes most of the great projects we have today successful
Topic: Newbies Must Beware of Scammers - page 2. (Read 255 times)
Jump to: