đ Back in school there was this statement that was casually thrown around during exam time, "You cannot fatten a bull on the market day." This was said in jest especially you can count the number of days someone read a book or did some research and yet they want to peruse through the entire syllabus on the eve night of the exam. Be ahead of the game!
đȘ In the advent of Cryptocurrencies where every Tom, Dick and Harry is at liberty to launch a token,a coin,altcoin or even a memecoin this "fattening is highly the case. There are entities out here who will subsidise on your ignorance,lack of information or poor research by enticing you with a token that will sky rocket to the moonđ One that promises higher returns, has innovative features and even create a hype around it only for it to turn out to be a modern day Ponzi scheme.
â ïž Some suddenly remove liquidity and abscond with investors funds. In this era of rugpulls where liquidity is suddenly removed from a project or a token causing its price to plummet and market manipulation you may loose your hard earned money đ°
đ©Red flags
đ Anonymous or unverified Developers.
đ Unrealistically high returns or guaranteed profits
đ Opaque, unclear or complex smart contracts
đŻ Key Insights
1ïžâŁ Do Your Own Research (DYOR)đ
2ïžâŁ Have a strategy and follow it to the fullstopâ
3ïžâŁ Do not trade with your emotionsđž
4ïžâŁ Constantly Monitor liquidity levels or any other red flags đđ
5ïžâŁ Verify credibility; always look for verified developers, audits and community feedback đŠ
6ïžâŁ Exercise Patienceâł
đ REMEMBER đ
When a bull is about to be sold the farmer fattens it, not out of love, but for profit. Sudden kindness is not care it's purely strategic calculation.