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54976087 No.54976087 [Reply] [Original]

Learn to read smart contracts, learn to track wallets, learn to browse block chain.
There, that's it. That's how you increase your chances of finding winners when you gamble with shit coins. It doesn't mean everything you pick will be a guaranteed winner. It just helps filter out the obvious bullshit and leave you with coins that has a better chance of surviving.

>> No.54976105

What do I look for

>> No.54976128

>>54976105
Look for obvious things, like bad smart contracts where liquidity isn't locked, dev can steal funds, etc. Or follow bread crumbs to see who is buying the coin. 30 $3000 buys are a lot less impressive when you realize they're all from wallets that link back to the dev who is trying to pretend there is volume.

>> No.54976130

>>54976087
>ape the successes of some other nerd
sad! good pic tho

>> No.54976141

>>54976130
Isn't that the story of human history?

>> No.54976183

>>54976087
That is actually good advice but I always get inundated with solidity. How/where is a good place to learn the technicals if I'm below average iq and not up to date with crypto?

>> No.54976246

>>54976087
The only thing i need to learn is the location and adresses of every single financier parasite so we can euthanize you cancer parasite bastards

>> No.54976440

>>54976183
I wouldn't worry about solidity. Just learn what to look out for. Between chatgpt and YouTube, you should get a good idea of what to look out for. You won't avoid every pitfal, but you should miss obvious things like liquidity not being locked, or dev having the ability to siphon all coins to his wallet

>> No.54976556

>>54976440
Thanks. I assume you're talking about ethereum only since most L2s are either ded or full of scams. But if I want to bother with those, specifically AVAX and Arbitrum are things changing when it comes to looking out for what you said?

>> No.54976640

>>54976556
I'm not 100% sure about other Blockchain, I'm only familiar with doing this kind of stuff with erc-20 coins. But, I'd imagine it's the same principles. Follow the money, make sure the contract doesn't have any glaring issues, and understand the basics of block chains + smart contracts.

>> No.54976756
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54976756

>>54976640

>> No.54976851

>>54976640
I came up with another question before hitting up chatgpt for more guidance. When it comes to wallet tracking, is there any sort of advice that a dumbass like myself should follow that openai deems too edgy to give an answer? I try not to use YouTube since it seems very hard to see explanation videos in a sea of paid shills

>> No.54977116

>>54976851
Locked liquidity, renounced contract, no taxes, proper distribution. Track wallets to find source of funds (best you can), marketing effort, engagement on social media discord, twitter, telegram, etc.

You can sift through a single project in about 2 minutes to determine if it's properly done or if it's just smoke and mirrors. Check the narratives as well. Do they have a reasonable roadmap? Are they making huge promises, or being very practical about what they are trying to achieve? Is it for actual community, or is it just a quick pump and dump to farm exit liquidity?

If you're looking at something that looks good, but also looks dead, it may be worth just throwing a little bit into it incase it gets some life again. 99.99% of tokens are 100% bullshit, and the other .01% may have *some* substance, but focusing on thos metrics will make those .01% stand out so you have a 30% shot of finding something that will double your money at least.

Also, Market Cap doesn't mean a fucking thing. The only thing that matters is liquidity. Market Cap is a metric for lemmings.

>> No.54977698

>>54977116
OK, I'm noting these and start learning more how to get better at those things. Another q I have is if there are any rough numbers that tell if liquidity is safe or any other metrics I should keep an eye out for. I have not used discord or tg for crypto related stuff until after the 2020 bullrun so there are still many things I want to ask questions about but I'll be happy with any sort of advice on what things to looks out for.