Ever bought a token just because it was trending ā then watched it crash overnight?
Yeah, Iāve been there too. My first year in crypto was full of emotional buys and painful lessons. I learned that hype is dangerous, and FOMO (Fear of Missing Out) is even worse.
Now, before I buy any token ā meme coin or blue-chip ā I pause and check for these 3 red flags. If even one of them shows up, I either walk away⦠or wait with extreme caution.
š“ 1. No Real Use Case (Just Vibes, No Value)
One of my biggest losses came from a hyped token that had no real purpose. The website looked cool, the community was loud⦠but when I asked āWhat does it actually do?ā ā no one had a real answer.
A good token should solve a problem or offer utility: payments, DeFi, NFTs, gaming, governance, anything! If the whole project is just ābuy now, moon laterā ā thatās a massive red flag.
Now I ask myself: Would this project still matter if the token price dropped 80%? If the answer is no, I walk away.
š“ 2. Anonymous Team With Zero Track Record
Iām okay with some privacy in crypto, but if a project hides everything about the team ā I get nervous.
In 2023, I invested in a token where the devs were totally anonymous. Weeks later, the token rugged (price went to zero), and no one could be held responsible. Lesson learned.
These days, I always check:
Do the team members have LinkedIn or GitHub?
Have they built anything before?
Do they show up in AMAs, interviews, or community chats?
If theyāre ghosts ā Iām not investing.
š“ 3. Locked Comments and Too Much Hype
Funny enough, this is now my fastest red flag filter.
If I visit a projectās X (Twitter) page and find comments turned off, bots replying, or deleting criticism ā thatās a sign of insecurity or manipulation.
In my early crypto days, I used to confuse āhypeā with ātrust.ā But Iāve learned that honest teams welcome questions and donāt silence critics.
If the community canāt speak freely ā I donāt buy. Simple as that.
šµ Lastly:
Iām not a perfect investor, but these 3 red flags have saved me time, money, and regret.
Crypto is full of opportunities ā but also full of traps. Donāt chase every moonshot. Slow down, do your checks, and trust your gut.
And hey ā if this helped you, follow me for more honest thoughts and real experiences. I also check out your posts and return the support š
Letās survive and thrive together in this space. š
#RedFlag #CryptoTrends2024