Watch Out for Crypto Hype: Avoid Presales

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pixel2014Hero Member
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#1Jul 13, 2021, 05:36 PM
That title is super misleading, all thanks to the cash news sites get. Don’t fall for it. Don’t trust presales promoted by news sites. The way the title reads is how they’ll spin it in the news. A couple of years back, I noticed this trend on one of the biggest news sites in my country. I even spotted similar stuff on Cointelegraph and other online platforms. That’s exactly how they’ll frame the title, but don’t be tricked. It’s just a tactic to lure in more victims for scams. Stay away from these presales. If you read the articles, the first coin mentioned is usually some presale, while solid coins like Bitcoin get pushed down the list. They’re just trying to promote that presale coin to grab attention and get more people to buy in. Check it out here to see what I mean: https://punchng.com/the-best-crypto-to-buy-now-stellar-bitcoin-cash-chainlink-and-blockdag-deserve-a-closer-look-in-2026/ Seriously, don’t let yourself be fooled. I’ve tracked many of these coins in the past, and trust me, you’ll end up losing money. I can’t understand why news companies would gamble with people’s money for their own profit.
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#2Jul 15, 2021, 09:17 AM
In my opinion, one of the crypto mentioned have existed already for quite some time but still, for someone who wants to earn profit in long term should have a portfolio that isn't focused on one crypto to start with. Another thing, I think it's a shill to make people buy that crypto during the time where the price decrease for many of the crypto in the market. If they aren't doing that then they shouldn't have mentioned such crypto and only mentioned why it is best to buy now and explained why it is best to buy now rather than saying what's the best crypto to buy now.
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d4rk5tackSenior Member
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#3Jul 15, 2021, 11:44 AM
Even if some is to take crypto advice I don’t think it should be from a place as Punch news outlets I actually do not see how they have experience in this areas even though I know that yes they have financial and business experts. Any one listing those coins or tokens they lists as good for buy in 2026 is simply either doing a promotional article for the coin or simply doesn’t have any iota of knowledge about the crypto market and thinks that every coin that is one the ground is actually good for buying. That aside I saw the likes of ICO and presale meta creeping back into this crypto space late last and as expected it ended in many people loosing out their funds in the process of buying. Presales are dead and so are ICO. While I won’t actually stop any one from buying it is pure gamble which isn’t worth it to me
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pl4nkt0nFull Member
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#4Jul 15, 2021, 01:37 PM
This are usually common in X social . Where many promote some shit projects just to get pay . For promoting , some are ambassadors of those shit projects , so as the users increase their pay will also increase like a referral program and stuff . And some of this site will literally scam you , the best thing is to off the noise and focus on solid project like BTC . Because if you listen to the noise you will definitely regret it later .
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ryan_vaultFull Member
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#5Jul 15, 2021, 04:35 PM
I have seen lots of posts of this nature on X, and I know what they are up to. I do not think I would make such a mistake of investing in anything outside Bitcoin for now, till the market is a bit stable. Influencers are the people who mostly do this on the X platform because of their massive followership, so they too would benefit something from the project as they have agreed. As a grounded enthusiast, you should know that most of these X posts on ICO, etc., are mostly fake, as the majority of them are not genuine, but people still promote them just to get something out of it.
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w0lf404Hero Member
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#6Jul 15, 2021, 07:41 PM
The part that is often missed is: "This is not financial advice" which is usually placed at the end of the narrative. This is just a formal word of the author or influencer to avoid public complaints if their recommendations end up harming followers. However, as long as more people believe that people can change their lives overnight with altcoins, this kind of recommendation sounds like good advice.
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ryan_vaultFull Member
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#7Jul 16, 2021, 12:04 AM
That aspect of "This is not a financial advice" is what they use to escape legal action so if anything happens as they would tell you you are liable for your actions, hence you should do your own research but still yet they shill and promote fake projects knowing to them all for their selfish interests and this is why we should be extremely cautious the type of advert we see influencers and celebrities promote because most of what the advert are fake while some do not even have idea what they promote and at the entire end, the community get scammed and they will justify their actions that they already warned their followers as they are not a financial advisers.
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s4t88Full Member
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#8Jul 16, 2021, 12:35 AM
The main purpose of this Punch News article is pure business, https://punchng.com/advertise-with-us/. They get paid from the project that eagerly wanted to have many investors, and they know that this Punch News article has heavy traffic since it has a number of followers.  There's nothing new on this social media, even big companies like Google advertise scam projects without searching if it's legit or not, as long as their clients pay them, they don't care about the outcome. IMO, it's really on us to avoid scam projects like presale on social media. Always DYOR before diving into any project that is promoted by the big companies.
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john.cobraHero Member
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#9Jul 16, 2021, 05:42 AM
I have a very simple solution for such "problems" - I no longer read such sources of information because at least today the choice is so great that it is easy to find an alternative source. When it comes to social networks, I personally think that they are a big waste of time and that they have very negative consequences for the majority of people who use them excessively. It used to be really weird if you told someone you didn't have a Facebook or Twitter account, but today it's becoming something positive. I hope that countries around the world will protect at least young people from the trap of social networks that, in combination with AI, cause serious psychological problems that then lead to other extremes and addictions.
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calmguruSenior Member
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#10Jul 16, 2021, 05:57 AM
That was definitely a paid ads to promote that shit coin. The content on the link you provided is purely an advertisement for the first coin listed on the list. Reading down their article, you'll see several other links directing you to read more on that coin and also their official website. The ending part is another reason to conclude without doubt the post was promoting that particular coin. They intentionally mentioned Bitcoin and other popular coins in the list as a bait to lure people into reading their shit project. Punch and other online platforms are more concern about making money than their reader's safety. It's user's responsibility to read and apply caution in every platform now.
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5h4rd_2015Full Member
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#11Jul 18, 2021, 02:19 AM
I was surprised to read the topic title, especially knowing the OP. But yes, this is good clickbait, and OP has perfectly attracted the attention of newcomers, forcing them to be attentive, especially to their minute-by-minute desires. Of course, this is a rather old method of manipulation to attract the attention of newcomers, but we can't blame anyone, because it's hard to find anything on the Internet that wasn't created for our own interests. It's time to get used to the fact that every website and every advertiser has their own root cause of manipulation, and it's their own business and their own desire for profit. Therefore, until we become skeptics, it will be difficult for us to stay online, untouched by various fraudulent schemes.
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anonSenior Member
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#12Jul 18, 2021, 05:21 AM
Isn't it obvious, no body really cares about others. They are only bothered about their own self interest. The best thing to know about in the crypto space is the right coins to invest. Most people are simply fooled and mislead by some testimonies about making profits from these kinds of coins. Simply because they exist doesn't mean it's worth your money.. you will get tricked by these kinds of title alot on social medias, that's why you shouldn't listen to everything you see or hear online. They pass out misleading information, outdated and most times promote scams. I still wonder if these kind of headlines aren't checked before they are released, but like I said, no body really cares..
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bengweiSenior Member
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#13Jul 18, 2021, 10:24 AM
I see more news like this in X too and it often makes me wonder how people still fall for these kind of promotions and cry in the end. Stellar, Bitcoin Cash, Chain link are real, but the culprit is BlockDAG, which is the main reason for such a paid promotion. This is a perfect example of what is called 'shilling' when it comes to paid promotions we see on social media, internet, newspapers and even tv programs too. For one, BlockDAG is a high risk gamble, not even qualified to be called an investment and that's why anyone willing to take such a risk, should use only funds they can afford to lose.
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#14Jul 19, 2021, 11:58 PM
Oh, clears my doubt now. The topic was indeed misleading, not to me, because I had always known this coins are worthless. The best coin to buy is always bitcoin. When looking for quick cash, most folks run to these trash coins. It will surely lead to regret before they can change. Likewise anyone who would be foolish enough to be persuaded by them, will face the same consequences.
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cipher_lynxSenior Member
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#15Jul 20, 2021, 04:04 AM
And I just read the entire best crypto to buy bullshit from them, and they started with the exact coin they wanted to shill and ended with the same coin, suggesting it with almost all certainty. But there is one thing I did not see there, which could have saved them some future trouble (disclaimer), which is to say anyone who follows their suggestion has the right to sue them in future if the coin eventually turns out to be a scam token.
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