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How I preserved my wealth by not listening to liars on r/CryptoCurrency

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by COINS NEWS 176 Views

This post is at the top of the sub right now. In it, OP claims that he "accumulated his wealth" by combing through the vast sea of microcap shitcoins on CoinGecko and picking winners.

Don't listen to him.

First, even if a project meets all 7 of his criteria, there's still not a "good chance" that it will become valuable. There are tons of well-intentioned projects that go absolutely nowhere. And if we have anything like the bear market of 2018, then it's probably going to zero.

Second, OP is lying about his success. Just 16 days ago, he made this post asking how to find tokens before they pump:

I try to get in early, but it's so hard to find these gems. Anyone have a technique? I'm baffled that people are making 100x on a regular basis. Here I'm crying in my 5% gain per year coins :(

Maybe one day I'll get lucky too, but so far I've been hitting flat liners. One thing I heard is that people look into rank 1000-5000 market cap coins. But those seem so risky. What red flags are people looking at, and what are signs of healthy projects? I think doxxed teams are probably a good sign these days after all the scams. Anything else?

Screenshot from Google cache

So we're to believe that by some magic, he went from having zero success to amassing wealth through shitcoins, all over the course of 16 days. Incredible.

Stop upvoting this hopium, guys. Don't invest into microcaps expecting to make any serious returns, especially with the market the way it is right now.

(Props to /u/Moronicon for finding the old post!)

submitted by /u/beta_zero
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