There are scams in crypto, but some projects will go on to help the world. I just don't think this one is going to make it. Even though I invested in the coin heavily a little while ago, you've lost my trust.
(Source)
When it comes to investing in crypto, I try to pick projects that I trust to bring change in the world. One project that I liked back in November was Reddcoin.
Reddcoin says it wants to be a tipping system that is integrated into social media.
It sounds like a really cool idea and one that could really grow to become something in the future. The website is nice and the videos are good. The team seems strong, and they look to be doing all the right stuff.
One thing they are not doing is updating anything. They have not updated their website since October. What is that about?
I also downloaded the wallet and found it very clunky and not what they demoed on the video. I really thought about why I was in Reddcoin and decided that I just don't trust them. I get emails and updates from a lot of coins that I invest in weekly.
After selling my Redd I invested back into ADA, ANT and XLM. I believe in those projects. I am getting nervous that I'll wake up one morning and hear that Redd is a scam or Facebook is instituting it's own ICO. The price would plummet, and I'm not willing to take that risk anymore.
Remember, I am not a Financial Advisor and this isn't financial advice. I'm just telling you all about my decisions after a ton of research. There is a good chance Reddcoin will skyrocket after I sell it, because that has happened to me in the past. lol
Thanks for reading and let me know your thoughts on Reddcoin. Did I make the right decision?
Let me know your thoughts in the comments below.
