Not every new coin is a shitcoin.(How to recognize the real gems inside the ocean of shitcoins)
Today while taking a cup of tea i thought to share my experience of trading in new coins and what i learned from them. What they are and how you can keep away from SHITCOINS. For greatest security, ensure you follow this guide in mix with the other guides. If you don't adhere to the standards , you will lose your cash. Remember one thing it is only a financial advice.
Before I start, some foundation: I exchange little coins professionally. At the outset, while learning, I succumbed to every one of the tricks very much like every other person. However, with each misfortune I discovered some new information and I'm currently very acceptable at it. Indeed, I have misfortunes like every other person, however generally I get out with little misfortunes contrasted with my benefits.
Anybody here despising shitcoins, I agree with you. I disdain shitcoins as well. Part of what I need to clarify here anyway is that only one out of every odd new coin is a shitcoin. Each coin needs to begin with 0 holders. Everybody needs to begin some place. Also, every strong undertaking merits an opportunity to develop. Indeed, by far most of new coins are shitcoins, yet I need to help you differentiate between the genuine jewels and all the shitcoin.
The Rules To Remember:
If you start looking for the real gems and want to trade in smaller coins, follow these rules/guidelines or you will lose cash.
Begin exchanging on the BSC (Binance) Smart Chain. Why? transactions cost around $0.20 max. You can't do this on the ETH chain however they're excessively high.
For the initial 1-2 months, don't contribute more than $5 per coin. I'm not kidding. Indeed, your benefits won't be a huge number of dollars, but if you go in with more you will wind up losing a great deal of cash, trust me.
Have a little sack of possibly $150 or $200. Be set up to lose your little pack totally. In the event that you can't bear the cost of this and sleep well at night, don't do it.
Ready? Let's start:
FIND THE COINS:
Go to the BscScan website (look up the links yourself, I don't want to link-spam this post). Then, go to "View BEP-20 Transfers". If the list looks confusing, don't worry. Look at the rightmost column that says "Tokens". You must look for the grey icon besides the coin names. Why? Because that means the coin is new. Established coins already have their icons listed and that means you're usually too late to make high gains. You can refresh that page for new coins each second, you will consistently discover new ones.
Open the new coins (with the grey icon) in separate tabs and look at them. In this way, presently you have discovered a coin, it's an ideal opportunity to examine.
1) Holders:
On the page you just opened, take a gander at the "Holders" list. The greatest holders of a coin ought to consistently be the liquidity pool which is typically distinguished as "PancakeSwap: COIN NAME" and the dead coins wallet, normally recognized as "0x000000000000000000000000000000000000dead". For what reason is this significant? It diminishes the chance of a rugpull to almost zero, particularly if the dead coins wallet is more than 50%.
Likewise look out if there are an excessive number of whales. For example, 10 wallets each holding 3% of total coins is a huge red flag. Abort immediately. A solid new coin should also have at least 200-300 holders. If it doesn't, also abort immediately.
2) Liquidity pool:
The liquidity pool is really significant. I generally don't buy any new coin except if the liquidity pool is at least $30k or more. Why? Since tricksters and shitcoins infrequently give a liquidity pool of that size. Once more, we're extraordinarily decreasing our dangers here. A locked liquidity pool is likewise significant. Ensure it's bolted for a more extended timeframe. 3 months, a half year, 1 year or longer are extraordinary. You don't need the liquidity pool to open tomorrow. You can duplicate the agreement ID and afterward go to "PooCoin" (once more, look into the connections yourself), at that point enter the agreement URL there, hit enter and on the following page on the left side it will show you something like "COIN/BNB LP BNB holdings:". That is the place where you need at any rate $30k or more. In the event that it has two or three hundred dollars or even just $5k or $7k, cut short right away.
3) Volume:
Look at the "Transfers" section. if the coin has just 5 holders and no movement, skip it. if you need, bookmark it and return to check tomorrow. You may have just been too soon. if it has a couple of exchanges each 2-3 hours, additionally cut short right away. It's not taking off yet. A decent number of transections for a new coin ought to be around 5-10 every minute.
4) Website & Tweeter:
Ensure the coin has a site and twitter account. On the off chance that it doesn't have the two of them abort immediately. If it also has a reddit page, a Telegram channel, a Discord, an Instagram page, a YouTube channel, etc. that's even better.
5) Coin Name & Design:
The logo of the coin and the plan of the designs and site are vital. if it's not alluring, individuals won't bounce in and it will not take off. if they use stock pictures that you've seen multiple times somewhere else, cut short right away. The name is likewise really significant. On the off chance that it has an appealing name like "Save The World" it's significantly more prone to take off than "Funky toilet Coin 55".
6) Bonus: Doxxed Team:
This one is a Gigantic reward. if the team members publicly identify themselves, for instance through YouTube recordings or live AMA, it lessens the opportunity of a trick to just about nothing. Why? Since their appearances and characters are freely known and they would in all likelihood wind up in jail.
CONCLUSION:
Did the coin you examined fail flat in any of the initial 5 stages? I must pressure this as much as possible, however: Cut short Right away. Try not to put resources into it. You will wind up losing your cash.
Did the coin pass the entirety of the above advances? Amazing! You may have discovered a diamond. Do some more research before you bounce in and ensure the coin has a genuine reason. Keep in mind, things like holding to get more coins or "to the moon!" are not genuine purposes.
And now we go back to the rules. If you are ready to invest in that coin, remember to only invest $5 for the first 1-2 months of doing this. I cannot stress this enough. You are learning and you will commit errors. Make sure you are okay with losing that money because even if a coin matches all of the above, it can still fail for a variety of reasons. If you stick to this rule, you can still make a good amount of money in 1-2 months. I easily made $10 to $50 with just $5. Sometimes I got out at $3.50 because a coin didn't take off and re-invested elsewhere.
Whenever you've done the above for 1-2 months and you've seen any potential mix-ups you made, you ought to be prepared to begin exchanging with $10 or $20 per coin (contingent upon your financial circumstance).
Two more important things to remember:
Early coins set aside effort to take off. It's entirely conceivable that your $5 speculation will drop to $3 or $2 around there and go up to $10 and afterward return down to $4. It might simply stay there doing nothing for 5-14 days. That is totally normal.
Monitor what the team is doing during this time. On the off chance that there are no updates for 2-3 days, sell and get out. A decent team should refresh its holders a few times each day through a few stations (Twitter, Discord, telegram, etc.) It's OK to get just 1 update each day, but less than that is a red flag.
I generally keep the above rules when exchanging with little coins and I presently have accomplishment with 90-95% of coins that I put resources into. Trust me, I attempted to skirt a portion of the standards above and I got burned every time. Indeed, it's a great deal of work. Particularly in the event that you need to rehash these means for each and every coin you need to research, however you will get a lot quicker at it over the long run. In the event that you wind up doing this professionally, you can likely explore 2-3 coins each moment.
now please excuse me and let me know if it works for you thanks .