I see many newcomers to crypto getting lured into scam coins, priced at just a few cents but offering the chance to own hundreds or thousands of coins. Compared to Bitcoin, which needs over $52k, scam coins are much more accessible, making people quickly "become millionaires" on paper.

The main trap is that scam coins are really hard to see significant price increases. I’ve noticed most only rise when listed on major exchanges, otherwise they are very easy for whales to liquidate or to be manipulated. Such projects often lack long-term plans, and many are scams from the start.

Meme coins are a typical example. They are promoted through miraculous stories, making everyone want to FOMO in, but rarely does anyone actually make real money. In reality, scam coins are easy to swing trade but also easy to get stuck in. If you plan to play, you must be very careful and avoid investing funds you’re not willing to lose.