( GUIDE) How do not fall in scam while you buying memecoins !

AlexKoro

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Scrolling through BHW forums, I’ve already seen two posts where people are complaining about not being able to sell a token that has risen significantly in price, and they don't understand why. Come on, people, I thought this ended in 2022, but with Bitcoin's price hitting ATH and many newcomers coming in due to stories like turning 1 Solana into 500 by investing in meme coins, I think this will be helpful for you.

I understand that trading meme coins is a risky activity, but that doesn't mean you should throw your money into the first token you come across without spending at least one minute researching. It's better to miss out on a small profit than lose everything!

Moreover, in 2024, there are plenty of tools available to quickly check a token. I won't go into all the scam types; you’re smart enough to use search modifiers and Google something like: crypto scam types site:reddit.com and spend 30 minutes researching. This way, you'll learn about the different scam types.

Here’s a small list of websites where you can easily check tokens using the contract address and chain:

Take a minute to verify before investing!

1733774266478.png

If you still have any questions or whatever, feel free to ask.
 
You should definitely include a warning to people that $SOL is Bitconnect 2.0.

However, education is important.
 
Honestly, this kind of analysis would work in 2020

Right now scammers are much smarter, any well made rug pull will easily pass those checkers, because they are not stupid, they know most people will copy and paste their CA in those checkers. Minted coins and not burned liquidity is for amateurs, only total newbies would buy this kind of coin.

Now they are bundling coins and many times it can't be even detected by bundler analysis because they are holding 0.5% in 20-30 wallets and in total they have 4-5% without attracting attention. They just sell all at once and when you see, you already lost 90%

Not to say about market makers and other scammers who create groups to manipulate the market...they buy and sell collectively, 50-100 people buying together at the same time or dumping together at the same time and you who are not aware of it, will just be their exit liquidity, and this kind of checker won't help you with those sophisticated scams

Good intentions in this post, but unfortunately (at least about it) we are not in 2020 anymore
 
Honestly, this kind of analysis would work in 2020

Right now scammers are much smarter, any well made rug pull will easily pass those checkers, because they are not stupid, they know most people will copy and paste their CA in those checkers. Minted coins and not burned liquidity is for amateurs, only total newbies would buy this kind of coin.

Now they are bundling coins and many times it can't be even detected by bundler analysis because they are holding 0.5% in 20-30 wallets and in total they have 4-5% without attracting attention. They just sell all at once and when you see, you already lost 90%

Not to say about market makers and other scammers who create groups to manipulate the market...they buy and sell collectively, 50-100 people buying together at the same time or dumping together at the same time and you who are not aware of it, will just be their exit liquidity, and this kind of checker won't help you with those sophisticated scams

Good intentions in this post, but unfortunately (at least about it) we are not in 2020 anymore
Yes totally agree with you, but at least checking for old-school honeypot is a good idea, I see a lot of people still fall into it , in bundle types they have some chances to exit in profit ( well 99% of memes die-young ) .
 
Honestly, this kind of analysis would work in 2020

Right now scammers are much smarter, any well made rug pull will easily pass those checkers, because they are not stupid, they know most people will copy and paste their CA in those checkers. Minted coins and not burned liquidity is for amateurs, only total newbies would buy this kind of coin.

Now they are bundling coins and many times it can't be even detected by bundler analysis because they are holding 0.5% in 20-30 wallets and in total they have 4-5% without attracting attention. They just sell all at once and when you see, you already lost 90%

Not to say about market makers and other scammers who create groups to manipulate the market...they buy and sell collectively, 50-100 people buying together at the same time or dumping together at the same time and you who are not aware of it, will just be their exit liquidity, and this kind of checker won't help you with those sophisticated scams

Good intentions in this post, but unfortunately (at least about it) we are not in 2020 anymore
Exactly, it's sad what is happening, but this is the game

I would ad gmgn.ai, it's a bit more advanced and you somehow have all those services in one place. But still, if you know how to bundle, you'll rug no matter what.

Only thing it can work if you know the dev and what has done previously, and even that is no guarantee.
 
Exactly, it's sad what is happening, but this is the game

I would ad gmgn.ai, it's a bit more advanced and you somehow have all those services in one place. But still, if you know how to bundle, you'll rug no matter what.

Only thing it can work if you know the dev and what has done previously, and even that is no guarantee.
yeah gmgn.ai is good tool
 
Scrolling through BHW forums, I’ve already seen two posts where people are complaining about not being able to sell a token that has risen significantly in price, and they don't understand why. Come on, people, I thought this ended in 2022, but with Bitcoin's price hitting ATH and many newcomers coming in due to stories like turning 1 Solana into 500 by investing in meme coins, I think this will be helpful for you.

I understand that trading meme coins is a risky activity, but that doesn't mean you should throw your money into the first token you come across without spending at least one minute researching. It's better to miss out on a small profit than lose everything!

Moreover, in 2024, there are plenty of tools available to quickly check a token. I won't go into all the scam types; you’re smart enough to use search modifiers and Google something like: crypto scam types site:reddit.com and spend 30 minutes researching. This way, you'll learn about the different scam types.

Here’s a small list of websites where you can easily check tokens using the contract address and chain:

Take a minute to verify before investing!

View attachment 401921

If you still have any questions or whatever, feel free to ask.
Great share! Thanks for this!
 
Your reasoning is solid—Bitcoin's dominance, post-halving trends, government involvement, and mining limits are valid concerns for the crypto market's trajectory.
 
Your reasoning is solid—Bitcoin's dominance, post-halving trends, government involvement, and mining limits are valid concerns for the crypto market's trajectory.
Dont use ChatGPT just to farm messages , read posts and answer only if you got what to say!
 
I use GMGN, and I can confirm there are additional tools that help identify potential rugs.

Most rugs right now are based on social engineering; still, some outdated idiots will use old techniques to rugpull newbies.
 
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