I prevented a friend from buying a shitcoin today. Here's how...

He texted me: "You know anything about Swftcoin?"

I responded: "A little, it's scammy" (I actually knew nothing about it)

Him: "You think it will or has the potential to go back up?"

Me: "I believe very strongly that bitcoin is the only cryptocurrency that competes with fiat currencies and central banks, and therefore is a worthy investment. Buying any other cryptocurrency would be more like gambling.

If you do consider buying alternative cryptocurrencies, look into whether or not there was a pre-mine before the coin or token was launched. If there was, it means the founders of the project have the ability to, and likely will rug the investors, meaning they can sell their pre-mined coins for a profit causing the price to crash."

Him: "Ahh ok that is a good explanation thanks. I'll probably hold off on getting any Swftcoin lol"