2026-01-03 13:21:08

In the cryptocurrency circle, it is indeed difficult to distinguish between true and false. Some project teams rely on old tricks like hype and rug pulls, casually throwing out a CA and starting to harvest. Many newcomers lack the ability to discern and simply cannot tell what is a legitimate project and what is an obvious scam. As a result, a large wave of people end up getting wrecked.

Honestly, the number of people being scammed is enough to make one sigh. Some rush in without understanding the fundamentals of the project, while others are blinded by false promises. The problem is that when you cannot quickly judge authenticity, it’s easy to get taken advantage of. That’s why more and more people are calling for thorough due diligence, verifying project backgrounds, team information, on-chain data, and avoiding blindly following the trend.

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SelfMadeRuggee

· 01-06 11:35

Ha, it's the same old story. I was cut once because I didn't do my homework, and now I see newbies jumping into the trap and I just want to pull them out. Really, DYOR (Do Your Own Research) is easy to say, but in practice, everyone is lazy. There are so many on-chain data, who can keep up? CA (Crypto Asset) dares to buy just by flipping it, that courage is truly remarkable. There are quite a few projects with team information all faked with PS, I can't believe it. Getting scammed once is painful enough, but the key is that some people get scammed a second time. They talk about verifying backgrounds, but most people don't even know where to start looking. This circle is basically an information war; whoever has more knowledge wins. I'm already tired of those routines of cutting leeks, but they keep repeating them. There are still too many new leeks rushing in, and no matter how much you advise, it's useless.

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GasGuru

· 01-06 07:25

I’ve gone through it once, really, the methods of rug pulls in this circle are becoming more and more sophisticated. Every day I see people asking whether a certain token is safe, and it’s getting to the point where I don’t know how to advise them. The key is that there are few people doing dyor, and they go all in without checking on-chain data. It all comes down to two words: greed. Some CAs can spot issues at a glance, but still, people step into the trap. Honestly, you just need to be a bit more cautious; otherwise, it’s too easy to get eaten up in this circle.

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just_another_wallet

· 01-06 05:35

It's all greed that causes trouble. Isn't it okay to wait until the project looks promising before jumping in? --- The old trick of "cutting leeks" is really outdated. Does anyone still believe in it? I don't. --- Watching people get scammed every day, DYOR really can't save the brainless. --- Another newbie about to be harvested. Sigh, my premonition is coming true. --- On-chain data without checking, then going all-in. Serves you right. --- Honestly, too many people want to get rich overnight. This problem can't be cured. --- Wait, isn't this the project from last week? I saw right through it as a scam from the start. --- Due diligence? For 99% of people, that's too difficult, haha. --- Honest talk, this circle is just a game of information asymmetry. Early entrants make money while latecomers lose. --- Really, one CA can make people sleepwalk. This mindset is hopeless.

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PumpDoctrine

· 01-03 13:50

Really, I've seen too many scam projects after being in the circle for so long. One CA dares to run away, it's hilarious. --- The number of people who got caught is huge. It feels like half of the newbies have been trapped. It's time to wake up. --- Those who go all-in without doing DD, frankly, they deserve it. They don't even bother to check on-chain data. --- The tactic of launching a project to harvest investors' funds has been everywhere since last year. Do people still believe in it? --- The people I know who got scammed didn't do their homework. They went all-in without even looking at the fundamentals. No wonder they got caught. --- False promises are everywhere. If your discernment is poor, you'll have to pay tuition fees. That's the reality. --- The problem is that fake projects are packaged to look just like real ones. Without checking on-chain data, you can't tell the difference. --- Doing thorough DD can indeed help avoid many pitfalls, but some people still prefer to be the chives. There's nothing we can do.

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BlockchainArchaeologist

· 01-03 13:44

Once again, someone has been exploited. Is this a new project or just an old trick? Honestly, this circle relies on information asymmetry to make a living. Those who understand on-chain data make money; those who don't have to pay tuition. Can due diligence really avoid 100% of the pitfalls? I doubt it. It's always the same spiel, and when the next project comes along, there are still people rushing in. Isn't that just gambling? Actually, the problem isn't that complicated; it's a mix of greed and laziness. After watching for a while, no one can teach newcomers how to quickly identify scams. The teachings are too complicated. Due diligence, by the time you finish investigating, the hype has already passed—that's the real picture.

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SchrodingerGas

· 01-03 13:41

Essentially, it's an imbalance of game dynamics caused by information asymmetry, with newcomers being at a complete disadvantage. Those scam projects are just exploiting this cognitive gap through arbitrage.

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governance_lurker

· 01-03 13:30

Really, there are too many greedy people in this circle. They go all-in without even looking at the fundamentals. They deserve to be cut.

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GasFeeCrier

· 01-03 13:22

It's the same old story again, but how can you blame the newbies for being so easy to trick? Those who don't do due diligence deserve it; I've said this long ago. Speaking of which, now even rug pulls can be disguised as legitimate projects—how naive do you have to be to fall for it? The real issue is greed, not being able to tell what's real from what's fake.

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