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A special awareness for articles with titles like: "Coin x pumped 10%. Buy now!". They're either paid shills, scams or the author wants to pump his bags.

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by COINS NEWS 118 Views

Hi all!

The market is recovering since a couple of weeks now and we're heading towards "greed" in the fear and greed index.

The index can be found here: https://alternative.me/crypto/fear-and-greed-index/

During green days people tend to search more for "crypto" in search engines. This means more and more articles show up like the following:

1) "Unification (FUND) Rises 20.07% Saturday: What's Next for This Bullish Rated Crypto?"

Link: https://www.investorsobserver.com/news/crypto-update/unification-fund-rises-20-07-saturday-whats-next-for-this-bullish-rated-crypto

2) "IOTA Price is about to POP 10%! BUY IOTA?"

Link: https://cryptoticker.io/en/iota-price-is-about-to-pop-10-buy-iota/

3) "Loopring's Cryptocurrency Is Gaining Today: Is It Time to Buy?"

Link: https://www.fool.com/investing/2022/03/29/looprings-cryptocurrency-is-gaining-today-is-it-ti/

These articles are trying to shill investors (especially beginners). That mostly result in losing peoples money.

There are multiple reasons why people make these kind of articles, here are the 3 most common ones:

1) It's a scam or a rugpull.
2) The website or author is paid to shill a coin/token.
3) The author wants to pump his bags. Mostly that coin/token already pumped and they're trying to FOMO people in to it.

That's why it's important to DYOR and to invest/DCA during crashes/dips. Don't let the FOMO take you when you see a bit of green. Remember to buy the fear and sell the FOMO!

Some tips while DYOR:

1) Read the whitepaper
2) Look in to the team behind the project
3) Check the tokenomics
4) Examine their use cases
5) Scroll through their social media and website

Have a good Sunday!

submitted by /u/ChemicalGreek
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