Hey y’all! So I’m kinda new to this crypto world. Been seeing lots of projects lately, but some seem a bit sus. What are the signs a crypto might be a scam? Don’t wanna lose my savings!
Oh girl, trust your gut on that one! If a project’s promising crazy returns like “10x in a month,” it’s probably a scam. No legit project can guarantee that kinda gain.
Facts. Also, if the dev team is anonymous or you can’t find any info about them, BIG red flag. I like to stick with projects where the team’s transparent and actually known in the community.
Yup, team transparency is HUGE. I’ve seen so many “rug pulls” where the devs just vanish with everyone’s money. If their socials or website feel sketchy, stay far away.
Another thing—watch out for projects that are only hyped on TikTok or Instagram. If the whole thing feels like a marketing scheme, it probably is. No real utility =
Oh, true! I’ve seen some coins blow up on TikTok, but I never know if it’s just hype or something legit. So, social media buzz isn’t always a good thing, huh?
Exactly! Social media can pump a coin fast, but if the fundamentals aren’t there, it’ll crash just as hard. Also, if there’s no actual use case or the whitepaper is super vague… run!