In the world of cryptocurrency, scammers are making everything seem scammy. Collecting money from NEWBIES and dumping coins on them is no LONGER a new thing. The NEWBIES are not ready to MAKE research before buying coins.. they are ALWAYS ready to buy memecoins making the scammers to have many strategy to dump coins on them.. These scammers are VERY greedy. Creating shitcoins on pancakeswap, marketing them on Facebook and Twitter and when a newbie buy, they will dump it on them. They have alot of strategies. Promising higher percentage that will never be possible.. Some of them promise 10,000%.
$LON , RAPDOGE were promoted by celebrity and people bought it but they were not able to sell it off because there was no liquidity to enable THEM to Sell..
For this scam to stop, I think people should focus More on buying and investing in reputable project such as $ADA $BTC $BNB $ETH $MATIC $SOL $SLIM $AAVE $ONE $VET $SXP. ETC.. Solid project still remains the Best
Newbies Should learn before investing their money in any CRYPTOCURRENCY project
They should have the mind of long TERM investment. Crypto needs patience. IF you want to Become rich in cryptocurrency, you should be able to invest in good projects and avoid high percentage ROI.
Think long investment project and avoid SCAMMERS. No get rich quick money in CRYPTO.
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