💎 How to Find a Promising Shitcoin (Without Getting Scammed)? ✅ Selection Criteria 1. Strong Community (Active Twitter, Telegram, Reddit). 2. Liquidity Locked (Funds cannot be stolen). 3. High Trading Volume (Avoid dead coins). 4. Backing by Influencers (But be cautious, often paid to promote). 5. Not Too Inflationary Tokenomics (Avoid coins with infinite supply). #BTCRebound #AITokensBounce $TRUMP
The Major Risks of Shitcoins 1. -99% in a Few Days - Example: Squid Game Token (SQUID) – Scam, investors could not sell. - 99% of shitcoins end up at zero.
2. Trapped Liquidity (Rug Pull) - Developers withdraw all the money, leaving holders with useless tokens.
3. No Fundamentals = No Floor - Unlike $BTC or $ETH , a shitcoin can disappear overnight. Do your own research before investing
Why Can Shitcoins Bring Big Returns? 1. Hype Effect (FOMO – Fear Of Missing Out) - Communities like r/WallStreetBets or crypto influencers (Elon Musk, etc.) can make a shitcoin explode in a few hours. - Example: Dogecoin ($DOGE ) increased by +20,000% in 2021 thanks to Elon’s tweets.
2. Organized Pump & Dump - Some Telegram/Discord groups organize massive purchases to drive up the price before selling everything (dumping on latecomers).
3. New Narratives (Memes, Politics, Internet Culture) - Pepe ($PEPE ) rode the nostalgia of memes. - MAGA ($TRUMP ) took advantage of the American election.
3 reasons that make Binance the best crypto platform in the world
1️⃣. Multiple utility in the Binance ecosystem - 🔥Trading fee discounts🔥: Using $BNB BNB to pay fees on Binance offers discounts (up to 25% at launch, now 25% using BNB). - 🔥Participation in #Launchpool launchpads🔥: Allows investment in new crypto projects via Binance Launchpad. - 🔥Payments and services🔥: Accepted for travel, booking hotels (via TravelbyBit), or paying for services (like Crypto.com and other partners).
2️⃣. Deflationary economy (periodic burning) - 🔥Binance regularly destroys (burns) BNB to reduce total supply, which can support the price in the long term. - The 🔥automatic burning🔥 (since 2021) adjusts the amount based on price and volumes.
3️⃣3. The blockchain $BNB BNB Smart Chain (BSC) – Fast and inexpensive - 🔥Low transaction fees 🔥: Much cheaper than Ethereum (ideal for swaps and DeFi). - 🔥 EVM compatibility: Allows the execution of smart contracts like Ethereum, attracting developers. - 🔥 DeFi & NFTs popularity🔥: PancakeSwap, Venus, and other DApps dominate on BSC.
we are observing a nice rise of $BTC which is at $92000, the entire market is in the green today. In this nice momentum #Initia will be launched on #BinanceSpot today. $BTC
we are observing a nice rise of $BTC which is at $92000, the entire market is in the green today. In this nice momentum #Initia will be launched on #BinanceSpot today. $BTC
5 Steps to Losing Money Fast in Crypto 1️⃣. Investing Without Research** - Buy cryptocurrencies simply because they've pumped recently or based on rumors. - Ignore the technology, the team behind the project, and the fundamentals. - Follow the advice of crypto influencers who promise 100x returns without proof.
2️⃣. Trading with Leverage - Use 50x or 100x leverage on volatile altcoins. - Don't place stop-losses to maximize the chances of liquidation. - Trade in illiquid markets where the price can collapse in seconds. 3️⃣. Betting on Scams and Pump & Dumps - Invest in unknown tokens promoted by Telegram/Discord groups. - Trust projects without a smart contract audit (risk of rug pull). - Buy at the top after a pump and hold until the price collapses.
4️⃣. Leaving your crypto on an unreliable exchange - Store your assets on obscure platforms with no reputation. - Ignore secure storage solutions like hardware wallets. - Don't check if the exchange is regulated or has already been hacked.
5️⃣. Panic and sell at the worst possible moment - Sell urgently as soon as the market drops 10%. - Buy again at the peak after a rebound. - Repeat this cycle until your capital is exhausted.
🎁Bonus (to lose even faster)🎁 - Borrow money to invest in crypto. - Put all your savings into a single shitcoin. - Completely ignore risk management.
💡By following these steps, you're likely to lose your money very quickly!💡
If, on the other hand, you want to 👌invest wisely👌, do the opposite: ✅ Research projects before investing. ✅ Diversify and don't use too much leverage. ✅ Store your cryptocurrencies securely (cold wallet).✅ Don't panic