Red flags of crypto
There are a number of red flags in crypto which should help you determine which crypto to avoid. Here are some red flags that could help keep you or others safe when choosing a crypto to invest in:
  • It is using a popular crypto's name while not actually being associated with it.
  • Celebrities/influencers that have no connection/knowledge of crypto are advertising it.
  • It's copying the name of a previous meme-coin.
  • It doesn't have a whitepaper
  • It doesn't have a social media page, If it does, is it very small/unprofessional.
  • No website/website lacks information on the crypto.
  • The entire premise of the coin is to be a money maker. (invest to moon)
  • "It has huge, vague claims like decentralizing the internet."
  • "No real present (or future) application made clear, even if it's a new area/proposal."
  • "If it sounds too good to be true, it probably is." Added by
  • "You only make money or 'bounties' when you get friends to invest, or you get a percentage of whatever they invest."
  • "If it says things like:
- Liquidity locked πŸ”’βœ…
- 50% burned in Vitalilks wallet
- Easy 100x πŸ”₯
  • "If it uses the phrases:
- The next β€œβ€¦β€
- β€œβ€¦β€ killer
- Missed out on β€œβ€¦β€? This is the next β€œβ€¦β€ "
Breaking out!! soon to 1000x
Last modified 5mo ago
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