Before putting money into a project, I think people should check a few basic things:
What permissions does the contract have (mint, freeze, ownership)?
Is liquidity locked or can it be removed?
Who holds most of the tokens?
Is the project driven by fundamentals or just hype?
A lot of losses don’t come from bad luck — they come from not checking these things.
Curious what others look at before investing.
Most people don’t understand this before investing in crypto
byu/safeblockguardian inCryptoMarkets
Posted by safeblockguardian
2 Comments
Don’t tell me how to bet my money on crypto.
That isn’t how you “invest” in crypto. Plenty tokens have pumped a shit ton while following 0 of your criteria. It’s really just an attention game. You have to get lucky and buy the project before it gets the attention then sell when it’s being frequently talked about.
Deeply studying fundamentals is a great way to lose a lot of time and also probably money.