Among those who have lost money in the crypto market, eight out of ten have fallen for the same traps—clinging to a pile of stagnant junk coins, hoping for a comeback, or foolishly catching the "cash-out machine" tokens dumped by project teams. Back in the day, I myself almost threw my entire $20,000 into these pitfalls because I couldn’t see through these tricks. Today, I’m going to break down these two types of toxic coins for you, so you don’t have to repeat my mistakes.
**First, let’s talk about those zombie, outdated altcoins**
I can recognize these coins with my eyes closed now. The pain from the traps I fell into back then still feels fresh:
The codebase hasn’t been touched in years, and the tech is completely obsolete; the Telegram groups are silent for days, while the Twitter account is still active—posting about AI hype today, jumping on the metaverse bandwagon tomorrow. But if you look closely, it’s all empty talk and clichés, with zero real progress.
The most terrifying part is that exchanges could delist them at any time. Last year, I held an altcoin that suddenly got a delisting notice one day, and its price instantly dropped to zero. Want to cut your losses? Too late.
To put it bluntly, these coins are just "digital collectibles"—the project team bailed long ago, and the price will only rot away day by day. No matter how long you wait, there’s no miracle comeback.
**Next, the money-printing inflation coins**
The project teams treat tokens like worthless paper, dumping massive amounts onto the market as soon as the unlock period hits; early investors who got cheap tokens cash out and leave, while retail investors are left holding the bag. The longer you hold, the more you lose—the inflation rate is even crazier than fiat currency.
Look at OMG, crashing from $20 all the way down to $0.2, a 99% drop; STRAT is even worse, basically vanished; and FIL? Every unlock leads to a crash, and countless people keep getting fleeced without learning their lesson.
You think you’re buying the dip, but your principal has already ended up in the whales’ pockets.
**A few words from the heart**
Don’t jump in just because the "price is low"—that’s not an opportunity, it’s a trap; don’t stubbornly hold on just because a project was once "glorious"—99% of outdated projects won’t make a comeback; don’t touch coins with crazy inflation—your holdings are just someone else’s withdrawal password.
If you’re not sure whether the coins you hold fall into these two traps, feel free to ask me anytime. I’ll help you take a look and see what’s really going on.
**First, let’s talk about those zombie, outdated altcoins**
I can recognize these coins with my eyes closed now. The pain from the traps I fell into back then still feels fresh:
The codebase hasn’t been touched in years, and the tech is completely obsolete; the Telegram groups are silent for days, while the Twitter account is still active—posting about AI hype today, jumping on the metaverse bandwagon tomorrow. But if you look closely, it’s all empty talk and clichés, with zero real progress.
The most terrifying part is that exchanges could delist them at any time. Last year, I held an altcoin that suddenly got a delisting notice one day, and its price instantly dropped to zero. Want to cut your losses? Too late.
To put it bluntly, these coins are just "digital collectibles"—the project team bailed long ago, and the price will only rot away day by day. No matter how long you wait, there’s no miracle comeback.
**Next, the money-printing inflation coins**
The project teams treat tokens like worthless paper, dumping massive amounts onto the market as soon as the unlock period hits; early investors who got cheap tokens cash out and leave, while retail investors are left holding the bag. The longer you hold, the more you lose—the inflation rate is even crazier than fiat currency.
Look at OMG, crashing from $20 all the way down to $0.2, a 99% drop; STRAT is even worse, basically vanished; and FIL? Every unlock leads to a crash, and countless people keep getting fleeced without learning their lesson.
You think you’re buying the dip, but your principal has already ended up in the whales’ pockets.
**A few words from the heart**
Don’t jump in just because the "price is low"—that’s not an opportunity, it’s a trap; don’t stubbornly hold on just because a project was once "glorious"—99% of outdated projects won’t make a comeback; don’t touch coins with crazy inflation—your holdings are just someone else’s withdrawal password.
If you’re not sure whether the coins you hold fall into these two traps, feel free to ask me anytime. I’ll help you take a look and see what’s really going on.
