How to Avoid Investing into Rug Pull Projects

3 49

Every day you go into some of the telegram channels. You would find new rug pull project going on over there. Each of such projects are kind of random with the survival.

Some of those projects survive till 1 week and some are going to be till weekend. So you have to understand that if you choose to avoid investing into them then you would save a lot of money.

But how would you make a decision of avoiding the rug pull projects? How do you figure out how the rug pull projects exists in the market? How do you find value in bad or rug pull type of the projects?

Let's discuss how to avoid investing into such type of the rug pull projects.

Let's discuss some of the ways you can avoid investing your hard earned money into the rug pull projects.

Social Media Foot Print

Most of the rug pull projects only have twitter and telegram. They don't have strong social media presence. Most of the content on their social media accounts have the copied content. And that is just what they have in the footprint.

In terms of the social media, we have to understand that it has some good cleanup of the public. They pay attention. They know what is going on around. And they are going to be very specific on such content.

If you don't find much talked about the coin and the projects in general. You would realize that the footprint needs some work and you have to learn to change that approach of the social media accounts.

Real Humans behind Projects

You may notice that some of the time people are just fake in the project. It's like they are promising you "to the moon". All the time. You have to understand that such type of the promises are not realistic at all.

You have to think of the real humans who are managing the projects. If there are no real humans then you can say that this project is just going to run away after taking your money. It seems such projects are plenty out in the market.

How to realize if there are real humans? You may find that they show their real image. And another thing is that such projects makes it easy to connect with people if they are real. But if there are no real people, then it becomes hard from what I have seen so far.

Realistic returns through Investment

I have been getting the ads of many projects who promise 300 percent or more. But the thing is that such type of investment are often short. And also as long as you may find them slow moving they can be realistic with low value investment.

Another thing is that returns upto range of 50 percent or so in short term is fine but giving them forever is not sustainable. So if anyone is giving you 100 percent return for 1 year then you are basically going through tough times.

In order to judge some of the such investment you may find that you need to find out how realistic such projects are then choose to invest into them. Most likely such projects don't survive much from what I have seen so far.

How to Avoid Shills

Twitter and telegram is full of shills. Each account that is stranger to you comes with the promotion of the content. Like some are selling forex plans. Some are selling the other stuff into the market through telegram.

In order to understand some of such accounts, you can realize how the photo and the pitch in the DM works. Some are just desperate to win you over the business and they are pushy too.

You can easily avoid them by asking them. What do you want from me? You would get many answers easily managed through those type of the questions. I have had my shares of the accounts which manipulated me but didn't worked on me.

What do you think?

What's your experience so far with the trolls and the scam that happen through telegram and the twitter. Do you think some of such type of the scams works on you? Do you invest into the projects which are like this?

What's your experience with rug pull? How do you avoid them?

9
$ 1.47
$ 1.27 from @TheRandomRewarder
$ 0.06 from @TheGuy
$ 0.05 from @Tomi-Ajax
+ 3
Sponsors of esmeesmith
empty
empty
empty

Comments

Somehow luckily I have avoided them, at the start I did invested foolishly in some tokens during the bull run time. And now was thinking of investing in SmartBCH but I feel like unless there's a genuine name and feats of the team is involved I won't be investing in anywhere.

$ 0.00
1 year ago

I experienced it last month. No more regrets as I cannot makes it back but it will be a lesson for me.

$ 0.00
1 year ago

I already learned my lesson, so now, I see to it that I do a comprehensive research before investing in anything.

$ 0.00
1 year ago