Cryptocurrency Market Crash! Come and receive this anti-scam guide!
Anti-scam Guide: Recognize these tricks!
Guide 1: Beware of High Yield Temptations If a project promises unusually high returns without actual value backing it, you should be cautious! High returns are just a lure to attract you in, and behind it may be a harvesting plan by large holders. Before investing, be sure to thoroughly research the project's fundamentals to see if it has real application scenarios and value.
Guide 2: Pay Attention to Liquidity and Trading Pairs Tokens with shallow liquidity in mainstream trading pairs may have issues. If a project intentionally guides you to participate in niche or complex trading pairs, you should be extra cautious. Try to choose mainstream trading pairs with ample liquidity and active trading for your investments.
Guide 3: Don't Blindly Follow Trends to Boost Volume Blindly following trends to boost volume for platform points often leads you to greater risks. When participating in similar activities, rationally assess risks and returns; don’t let short-term benefits cloud your judgment. Remember, large holders may be ready to “harvest” you while you’re boosting volume.
Guide 4: Understand the Background and Intentions of the Project Team Before investing in a project, try to understand the background, team strength, and intentions of the project team. If the project team's background is unclear or exhibits unusual behavior during price fluctuations, like the KOGE project team disclaiming responsibility when prices first fluctuate, this could be a dangerous signal.
Guide 5: Diversify Investments and Allocate Assets Wisely Don’t put all your eggs in one basket. When investing in cryptocurrencies, assets should be reasonably diversified, and not overly concentrated in one or two projects. This way, even if a particular project encounters problems, it won’t have a devastating impact on your overall assets.
Finally, a heartfelt message:
The cryptocurrency world is full of risks, and novices must maintain a clear mind when investing, not to be deceived by various tricks. Remember, there are no free lunches; high returns often come with high risks. I hope everyone can protect their principal in cryptocurrency investments and not be easily harvested!
