Tracyit 🍖🎩Ⓜ️
@tracyit
HELP I'm so confused Help me understand. I saw this shill and a few frens jumped in so I was gonna too. But I got there and saw all sorts of red flags -low liquidity (in fact no initial LP) - top 10% of holders own more than 50% - Mint function is not disabled. so more tokens can be created anytime - Dev tokens are still in play On the other hand so many BC holders are in, and the first 70 buyers looks dreamy and only 4% are insiders
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Mikado
@mikadoe.eth
I have no idea what all this means but I hope it's safe cause I sold everything else and went all in on this 🙈
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Breech 🎩🍖Ⓜ️
@breech
NGL, you should NEVER go all in on a random new launch, whether it's from a public figure or not. This was a very low effort launch and they made a fortune from people FOMO'ing in. Couldn't add liquidity, didn't even pay for dexscreener, along with a lot of other red flags as shown in @tracyit's OP. Hopefully it's not a large sum of money, and who knows, maybe it'll work out, but you should refrain from FOMO'ing on that level in the future fam. 💜
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Mikado
@mikadoe.eth
yeah I have no idea what I'm doing and I've been lucky so far. I should stop.
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Tracyit 🍖🎩Ⓜ️
@tracyit
If you wanna ping me any ca you're looking at . . .I'll give it my 2sats Can't tell you to buy, but we can look for red flags together before you ape in. unless you're aping in an amount equal to a cup of coffee or cheap lunch. something you don't care to lose, and would love to moon. you can always double back and buy more.
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Breech 🎩🍖Ⓜ️
@breech
Trading with FOMO and emotions, and using all your funds in 1 trade are surefire ways to lose it all at some point. Like Tracy said, take a step back, start utilizing some research tools, and spread the funds out a bit. Unless we're talking about a very small sum, then it's ok to be all in a singular project, but with the assumption you might go bust and have to start over sometimes too. The bull run is on, there are tons of legit, safe projects in the top 100 market cap to park money in as well!
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Tracyit 🍖🎩Ⓜ️
@tracyit
You don’t need to stop you need to study a little 🤍 It’s pretty easy to spot the red flags and move along, it’s harder when there are no red flags to decide if it’s going to moon or not
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