Shitcoin frenzy strikes again! Guy looses almost half a million overnight. This is why you do some research and don't just throw money into random shitcoins!

I'm sure everyone has seen the Anubis DAO rugpull news by now but have you read the article about the guy who lost almost $500k in it? In the article he says, “We, in crypto, tend to have a ‘buy first, do research later,’ mentality."

Don't be like this guy! Do some research before putting your money into these projects. Especially if you're putting in large amounts! I'm not saying that research could have prevented this specific rugpull but Jesus Christ! To put almost 500K into a coin without doing any research is just a recipe for disaster!

I'm all for gambling on some low cap shitcoin projects if you view them for what they are. Lottery ticket type buys that may or may not pay off. Just realize that your investment can easily go to zero instead of the moon! Build a portfolio with some trusted tried and true cryptos and of course you can have some gambles in there. If they moon great and if not you're not going to get wrecked.

Edit: I am an idiot who doesn't know how to spell "loses".