nwele2017:
Trading shitcoins.
1. The first thing to checkout before apeing into any shitcoin project is the social media presence of the coin you want to buy. You need to check the Telegram group of the said coin. Things to check are:
a. The numbers of members they have in their telegram groups and how many of these members who are online. A coin with thousands of members will do very well because these members are potential investors of the coin also check the numbers of this members who are online, anything above 1k is very good. (you seriously have to be careful here, most dev hire people to pose as potential investors in their group making people to believe that these people are real investors while they are not.)
b. Activities of the telegram group (In their telegram group you can read about the teknomics of the coin, their roadmap , what people are saying about the coin in the group and check out the offer they are offering to members who hold the coin (something like giving bnb to member who hold the coin for certain amount time. This helps the coin to grow very well. A perfect example of coins with these features are: Ghostface, vanity, hodl , etc and these coins did very well because of the offer that comes with.)
c. Check their Twitter account, their website and confirm the have all these things and reasonable number of followers)
2. Once the release the CA of the token copy it and check on it. I have provided you guys with some tools that check some this thing without doing manually. The things you need check are:
a. The percentage held by the top 10 holders (this is avoid dumping). To check that use the link to the website below.
https://apps.justbuyitffs.com/
Anything below 20% is very very good and anything above 35% is very bad (could possibly be a dumping ground for the dev.). The website above also helps you check if owner is renounced, possible honeypot function (a contract function that enables you to but not to sell, run from this kind of coins), possible Mint function (A function that allows the dev to re-write the codes of the contract even if he has renounced ownership).
b. You also have to check if the liquidity is locked. You can use the Arasi Bot on th Telegram group below
https:///arasibsc
The Arasi bots provides you with information like “is the liquidity locked”, “is owner renounced” , “how long is the liquidity locked”. It also gives you the link where liquidity is locked (some common liquidity lockers are: deeplock , unicrypt , etc) A liquidity lock below one days is very bad. Also owner being renounced is not that always important for quick trades like pre-sales and fair launch since you will not hold this coins for more than five days.
3. With the Ca of the shitcoin go to poocoin.app and paste it on the search bar of the website. Before buying the coin now, click info on the poocoin website, it brings out a side bar, click on the coin holders (not liquidity holders). The coin holder link is the second to the last of the link you see when the side bars opens. Click on it and check the total supply of the coin, the percentage of the coin that was burnt (most at times it might not be necessary for quick gain but look out for it. burning 50% of the token inside the dead address(0x00000000000000dead) is good. Any burning above 60% is a scam especially those coins with 90% burnt token. Run from 90% burnt token, they are major scam. (they burnt token is the token inside the address 0x00000000000dead.). Also for fair launch when you see two or more wallets having the same percentage of coin(something like u see a wallet having 0.45% of the token and another one having the same 0.45% and another one having same, 0.45%,0.45%,0.45%) know that the owner possibly re-distributed the token to this wallets so that he can dump this coins from this wallets and he will not be noticed. For a pre-sale it is a little bit tricky, this because during pre-sale you will see a lot of people buying a coin with the same amount before the coin is launched. The best way to avoid being dump by pre-sellers is to wait for the first dip before buying the coin.
Note you should not buy the top of any coin, always allow the coin to dip before buying. For example, if after doing all these and you find out the coin has done 200% 2x or more (I taught you guys how to calculate the numbers of X a coin has done. Scroll up you will see it.) don’t buy it, allow it to dip below that 2x before you ape into it because many buyers take profit at 2x and above. There might be some exception that will be if the coin has good volume (people buying quickly and with big big money, then the dip will be eaten easily. This only happens to a coin with above 5k real potential buyers on their telegram and has good shilling(promotion) in other social media with many celebrities promoting it.)
That will be all for now. You can ask your questions.
The information, tips and techniques I provide in this WhatsApp group is totally free. I provide it because I want you guys but bear in it comes with risk attached to it. The same way you are trying to cut money from other people money buy entering early is the same way they are also cut from your own money ,so you have to play it smart, There are many people out there trying to make money of you through this. Regard every shitcoin as scam. Don’t believe what the developer tells you about changing the world with is coin and how he is going to turn everybody into a millionaire with his coin, the truth remains that some people will make good money and many people will lose money. So, trade with what you can afford to lose.
You can join our WhatsApp using the link below
https:///KzBOwq82KRuFtCDPPXcrEF
'https:///KzBOwq82KRuFtCDPPXcrEF'
nairaland bot hides WhatsApp link but you can still get the correct WhatsApp link yourself. To get it, Click "Qoute" under the post where I dropped the WhatsApp link, like you want to quote this article. You will see and be able to copy the correct link right inside the quote.
Just copy and paste it into your browser Hi, the WhatsApp link isn't working, can you update it ? 1 Like |
