We live in the myth that cryptocurrencies are the instant financial salvation.
But behind this mantra are empty promises and bubbles about to burst.
Obscure creation teams emerge with flashy whitepapers, but with no concrete track record.
Without transparency, there is no way to verify the identity or reputation of the founders.
They play with technical terms to create an aura of misleading authority.
Aggressive marketing obscures the lack of a real product or solid adoption.
Novice investors become easy targets for pump-and-dump schemes.
Shortly after fundraising, many projects 'disappear' — classic rug pull.
You can lose everything by trusting poorly audited codes and centralized governance.
Communities are inflamed with FOMO, but there are no guarantees of returns.
Serious projects disclose audits, clear roadmaps, and in-person roadshows.
Doubtful ones hide audits or present generic reports.
Beware of schemes promising fixed profits in the short term.
Do your research: who are the developers? What is the real purpose of the coin?
Remember: true innovation does not need illusionism to gain trust.