HOW TO AVOID CRYPTO SCAM! For NewBies!!!
Newbies in CRYPTO world are prone to be trapped in a scam very easily, specially when they are not aware of the risks involved. Most NewBies are scammed by Presales and Airdrops.
One of the Most commonly used trick to get investors attention to a presale is by making fake promotional articles in which the author compare the scam coin with other established CRYPTOs, seeing such article attract newbies and they think it might be there only chance to get that coin right now at a cheaper price before it jumps. In Fomo they invest a large amount of their money. End result, they lose their money because either the presale was a scam or a rugpull. In most cases, the launch price of an ico coin is 10 times lower than the presale price. Avoid any presale as in 99% of cases you will lose your money! The best way to make profit in crypto is to Avoid loss.