Looking for new gems, not having much luck, but I did come across something to write about. I've seen enough garbage in the crypto space to know what crap looks like. I want you all to check out a project whitepaper for a project called Polkabridge. It's awful. Looks like a couple of high school kids wrote it in an attempt to sound smart and attract some liquidity for an easy rugpull.

Bad English and elementary thinking won't keep me completely out of a project, though. As you can see from that project's Coingecko listing, it's very possible to make money from this shit. Plenty of people like it and the social groups are populated.

But.

Red flag number 1! The Telegram group has 39,000+ members with more than 4,000 online, but conversation is slow. With that kind of adoption for a new project, there should be countless people asking questions and a steady flow of conversation. The fact that isn't happening yells "fake followers" to me. Projects that launch on Polkastarter don't even have that kind of adoption. Youtubers with hundreds of thousands of subscribers have less people in a telegram group than this.

Red flag number 2! The shit whitepaper along with the cartoony anon dev avatars screams unserious development to me. At best, this kind of project is an experiment for the devs — just some shit they dev-aped into.

Red flag number 3! They are following easy trends. Everybody is "developing" on Polkadot right now. Polka this, Polka that. If you follow crypto, you know where the action is, and if you have even a modicum of coding and UI skill, you can slap up a website in an hour, make an ERC-20 and create the next "gem."

So the project says clown shit at best, insidious money grab at worst. Neither inspires confidence. But making money off of this kind of project is what crypto is all about. I've written about it a number of times. Go look! Do some research of your own, dammit.

My gambling issues notwithstanding, these are just a few of the ways to identify a piece of shit project. Fortunately, there are enough noobs in the space that even the worst of these projects will get aped into so you can grab a few ETH if you know what you're doing.

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YOUR GUIDE TO MAKING MONEY IN CRYPTO STARTS HERE ---> Making Money in Crypto Part 1

Always remember:

Burgerswap Bridge will steal your crypto
Deus.Finance is led by a psychotic wannabe despot
AllianceBlock is a shit project
All algorithmic stablecoins (Basis Cash, Mithril, Empty Set Dollar) are a SCAM

Don’t get your bitcoin from PayPal
Trade on BSC, not Ethereum
Ivan on Tech, Elliotrades and Bitboy are complete liars, and
If you are always losing money trading crypto, read here.

Gems I'm investing in:

NFTs - Doki Doki
Trading - Unimex
Finance - Soar