1. Check the name: the first crucial test
If the coin is called âSuperMoonX3000â, âShibaCatMarsâ, or something similar, stop for a second. Does it sound more like the name of a childrenâs video game than a serious project? Exactly. Move on. đ
But beware: if the coin seems too serious (like âStable Reserve Utility Tokenâ), you might fall asleep before you understand its usefulness. Find a balance between âfunâ and ânot obviously a jokeâ.
2. Study the project (or pretend to)
Behind every coin is a project. Some want to revolutionize the world, others simply want to empty your account. Go to the official website and look for answers to important questions:
⢠Who are the founders? People with real names or a nickname like âCryptoKing69â?
⢠Do they have a use case? (No, âjust making moneyâ is not an answer.)
⢠Is the roadmap credible? If they promise to conquer Mars by 2025, maybe they are a little optimistic.
3. Look at the community: hype or reality?
Go to Twitter, Reddit or Telegram and see what they say. If 90% of the posts are:
⢠âTo the mooooon! đâ
⢠âBuy now or you will remain poor!â
âŚit could be a scam or, worse, a project driven by fanatics with no logic.
Look for real discussions and intelligent questions. (I know, it's rare, but persist.)
4. Beware of the Charts: The Trap of Broken Dreams
⢠If the chart looks like a launch pad to the sky đ, it's probably already too late to get in.
⢠If it looks like a slope into the abyss đ, wait⌠or run away.
⢠If you can't understand it, don't worry. No one really understands it.
5. Don't get fooled by trends
âThis is the new Bitcoin! Buy now!!!â
Yes, of course, of course. How many ânew Bitcoinsâ have already ended up in oblivion? Too many.
Remember: If EVERYONE is talking about it, you're late. If no one is talking about it, it's probably for a good reason.
6. Ask yourself: âIs this a meme or a dream?â
⢠Meme coins are fun, sure. But are you really going to bet your future on a virtual dog or cat? (No judgment, but think about it.) đ
⢠Serious projects are⌠well, boring. But at least they have a slim chance of not disappearing tomorrow.
7. Follow your intuition (but not too much)
Do you feel like a genius because you discovered that $0.00000001 coin? Maybe so⌠or maybe itâs the âwow, itâs cheap, Iâll get rich!â syndrome.
Spoiler: Many of these cheap coins will stay cheap forever.
8. Remember: It's YOU against the market
The market is a huge money-eating machine designed to make beginners (i.e. everyone) lose. So, make an informed choice, prepare for the worst, and donât forget to laugh at yourself along the way.
Conclusion:
There is no perfect coin, but there are good questions to ask, a little bit of research to do, and most importantly, a healthy dose of sarcasm to get through it all. And if it all goes wrong? Well, at least you'll have an epic story to tell. đ