If I see a contract is renounced it sets off big alarm bells. No reputable dev renounces these days. It prevents you from keeping the contract healthy by making necessary adjustments. In fact... directly after this video someone asked about another token, which was renounced... but the dev was using a back door modifier and they are stealing a lot of money. If you want to have a look at it here's the CA 0xCC8b870ddB18C211e376b306302C29B46AFc3Ab3 Renouncing doesn't mean a contract is safe. 9/10 times it means that a dodgy dev wants you to think it's safe so they can take your money.
since you have done this video this owners wallet is cashing out plenty more from somewhere. would be interesting to know where else he is scamming from
Hi, me too Im in a honeypot token that I cant sell, its seem that my address is blocked I was the first 5 to buy. Its going up and up everyday but I see 2 wallets sell per day thats it.
When buying shitcoins i always check sniff data if available, check holders, check liquidity and then i check the contract, if there is an issue in any of these or the contract functions seem iffy then im out. Even then ive still been scammed and those had a website and tg group, just gotta be vigilant out there and focus on reputable sources.
@@BBWahoo Last year Id say it was 85% legit, 15% scam for BSC, but in saying that at least 25 percent of the legitish ones i pulled out quick because of liquidity changes. Id say 60/40 in all honesty. On polygon there was hardly any scams, most were legit enough to sleep holding the token, but these days even polygon is 50/50ish. I find that bsc has more transfer from failed scams, whereas polygon is more of price impact/can only sell small amounts. Recently ive stopped trying for shitcoins, as id rather risk nft volatility over being shitcoin scammed. I only buy shitcoins now if its developed by a trusted source.
@@BBWahoo 100 can go a long way, but id never put 100 into any shitcoin unless it was a trusted source, I find the smaller shitcoins have more chance to be rugged the more you put in, I use to put in between 10 and 20, get 2× or more and pull out, In one night I could turn 15 into 100, even with a few scam losses. Best Ive had was 15x in 20 minutes, 5er turned into 80. Thats the thing, you cant go aping into shitcoins because you will always lose. Shitcoins are either a small profit or large investment, and thats only if its a legit and trusted source with public backing.
Somw of U guys R lucky, going in with only THAT LITTLE! I always thought crypto currencies R safe, but it seems 2 B an open sh**-pit without any control. 😢
I fucking hate these taxes on sells i lost all my money on scam coins with high tax sell even when u make 2x profits u find ur self losing after selling u coins, pfff what a waste of money on shitcoins
people won't learn to invest in safe projects til they loose all their money I guess...wise up!.... thx Gen your a champion!!
Everything I heard about YOU is bad. you are a scammer and its very obvious to everybody. go away
What are functions that disable the sellers to sell?
I keep saying 100... it's 99!
this is why renouncing ownership is valued - otherwise the dev can keep manipulating taxes and shift money about without ppl knowing
If I see a contract is renounced it sets off big alarm bells. No reputable dev renounces these days. It prevents you from keeping the contract healthy by making necessary adjustments. In fact... directly after this video someone asked about another token, which was renounced... but the dev was using a back door modifier and they are stealing a lot of money. If you want to have a look at it here's the CA 0xCC8b870ddB18C211e376b306302C29B46AFc3Ab3 Renouncing doesn't mean a contract is safe. 9/10 times it means that a dodgy dev wants you to think it's safe so they can take your money.
@@GenTokens Hi Gen Tokens, I need your help regarding a crypto token. Is there an address I can write you?
since you have done this video this owners wallet is cashing out plenty more from somewhere. would be interesting to know where else he is scamming from
dope staff
Does anyone know anything about Simpson Ai?
I'm in a honey pot right now and passed token sniff and Honeypot it's going up hundreds of dollars and I only put 50 in but I can't freaking sell
Hi, me too Im in a honeypot token that I cant sell, its seem that my address is blocked I was the first 5 to buy. Its going up and up everyday but I see 2 wallets sell per day thats it.
@@deeangel6396 update?
When buying shitcoins i always check sniff data if available, check holders, check liquidity and then i check the contract, if there is an issue in any of these or the contract functions seem iffy then im out. Even then ive still been scammed and those had a website and tg group, just gotta be vigilant out there and focus on reputable sources.
What's your legit to scam ratio when investing in shitcoins?
@@BBWahoo Last year Id say it was 85% legit, 15% scam for BSC, but in saying that at least 25 percent of the legitish ones i pulled out quick because of liquidity changes. Id say 60/40 in all honesty. On polygon there was hardly any scams, most were legit enough to sleep holding the token, but these days even polygon is 50/50ish. I find that bsc has more transfer from failed scams, whereas polygon is more of price impact/can only sell small amounts. Recently ive stopped trying for shitcoins, as id rather risk nft volatility over being shitcoin scammed. I only buy shitcoins now if its developed by a trusted source.
@@syphon7474
Thank you for all of that information, I appreciate your honesty. I wouldn't mind seeing how far 100$ can go for when trading shitcoins
@@BBWahoo 100 can go a long way, but id never put 100 into any shitcoin unless it was a trusted source, I find the smaller shitcoins have more chance to be rugged the more you put in, I use to put in between 10 and 20, get 2× or more and pull out, In one night I could turn 15 into 100, even with a few scam losses. Best Ive had was 15x in 20 minutes, 5er turned into 80. Thats the thing, you cant go aping into shitcoins because you will always lose. Shitcoins are either a small profit or large investment, and thats only if its a legit and trusted source with public backing.
Bruh i just lost 14$ on a scam coin, i wish i watched this video before,
so sad
I lost 5k lol
14 is nothing lmao
@@ImJaxzy I lost $20 today, very sad situacion
Somw of U guys R lucky, going in with only THAT LITTLE! I always thought crypto currencies R safe, but it seems 2 B an open sh**-pit without any control. 😢
Sir can you help me how to withdraw or sell my bitsubishi coin.. coz i cant sell it.. thank you so much
he cant
I fucking hate these taxes on sells i lost all my money on scam coins with high tax sell even when u make 2x profits u find ur self losing after selling u coins, pfff what a waste of money on shitcoins
so true
I'm in a honey pot right now and passed token sniff and Honeypot it's going up hundreds of dollars and I only put 50 in but I can't freaking sell
@@freemygrandma8752U guy R so lucky U put in only 50!
sell tax 99% damn
yep :( there are scammers.... and then there are SCAMMERS!!!
why dont you just exchange the coin and then sell it?
Swaping it of course isn't possible either.
I hope this token got reported and it's taken off. If your a legit exchange I would hope the do this
There must be 1000s of 'em out there!
not solid project