HOW TO AVOID BUYING SHITCOINS With the emergence of cryptocurrency, the market is flooded with a variety of coins, some of which are legitimate investments and some of which are complete scams. It can be difficult to determine which coins are worth investing in and which are not. To avoid buying “shitcoins”, it is important to do your own research and to be aware of the potential risks. The first step in avoiding buying shitcoins is to research the coin’s history and track record. Look for any red flags such as a lack of transparency, a lack of a clear roadmap, or a lack of a strong development team. Additionally, look for any negative press or reviews about the coin. If there is any indication that the coin is a scam, it is best to avoid it. The second step is to look for any signs of a pump and dump scheme. These schemes involve a group of people buying up a large amount of a coin in order to artificially inflate its price and then quickly selling off their holdings. These schemes are often used to scam unsuspecting investors. To avoid falling victim to a pump and dump scheme, be sure to research the coin’s trading history and look for any signs of suspicious activity. Finally, it is important to be aware of the potential risks associated with investing in cryptocurrency. Cryptocurrencies are highly volatile and can be subject to manipulation. Furthermore, there is no guarantee that a coin will increase in value, so it is important to only invest what you can afford to lose. By following these steps, you can avoid buying “shitcoins” and protect yourself from potential scams. Do your own research and be aware of the risks associated with investing in cryptocurrency.