👉get rid of your get rich scheme mentality : I know a lot of persons would be expecting me to say read their whitepaper, but like I said this guys are getting more smart and making a good whitepaper with excellent road map and all would not be a problem to them. But thign I know they can't change so easily is their offers, they would always work on your greed, trying to entice you with silly offers that are so good to be true. I'm crying 😢 right now cause I also wished they were true, but sorry they aren't and don't fall to such this year.
Having a mentality of getting rich is for me a very good mindset. What's bad is having a mindset of getting rich "QUICKLY".
Both have different meanings. A single word can change it all. One is good to have, and one is bad to have. To all users here, have a mentality where you can get rich by investing into crypto, but at the same time, learn more for you not to have a mindset where you need to get rich in the quickest way possible.
👉 track their anonymously: so far I've noticed that most scams don't project any team members to the public and if they do they are mostly fake and this way could be very effective than reading a whole whitepaper. Check if the project has any real life representative and follow them up and see if they are posting in line with their big project in hand. Why i feel this is a good idea is because they are still afraid of the government too.
Most of the time, having anonymous team members turns out to be a scam, and I don't know if some projects turned out to be successful despite the developers being anonymous, but I believe there are a few of them. Overall, showing the true identity of the team members is a plus for us investors, but also take note that some developers are just getting their face online - kind of like photo-grabbing.
👉 yeah and finally stop listening to influencers: many persons that have fallen for scam was found following one influencer or the other. Just know this people don't have you in mind and would promote any shit to get paid. Always do your own investigations if you must invest in any new project.
Nope. I disagree with this one.
You just need to follow the correct influencers that will help you. I know many influencers on YouTube are there just to shill out the projects that paid them, but there are still some who are posting good and informative content for us viewers to digest. I'm following influencers who are posting more on sharing their Technical Analysis than those influencers who are posting new projects and their opinions on it. Not all influencers are the same, so don't generalize them all.
👉only invest in bitcoin 😎: by know we all know that bitcoin is the only reliable crypto right now. And I have history to prove that, to me every other project is not decentralized as they claim to be because they still have a kind of supervisory body even tho they claim not to, people did fund those projects remember and they would want something, nothing is free, no altcoin is completely decentralized.
One of the worst advice that I can get online.
I don't want to follow this advice not only because I don't want to focus only on Bitcoin, but there are other altcoins out there that are still worthy of investing your money in. You just need to spend some time researching on them. Maybe if you're a lazy investor and you don't want to conduct research then yes focus on Bitcoin, but for me, I don't want to focus on a single coin only especially if I know that I can get more profit by investing into altcoins.