Avoid Scam Projects | Bitcointalksearch.org

pantek talacuik

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Soil.co - Earn USDT/USDC

Quote from: ThemePen on February 18, 2023, 01:57:38 AM

For these kind of scams I only believe in Bitcoin I always invest or trade in Bitcoin because I know if it will ho down so I have the opportunity to hodl and sooner or later it will go in profit and it will never disappoint to its users. And now the Bitcoin is slightly moving up and soon I think the king will show its power.

And scammers always invent new and new methods to grab your money so we all should avoid.

Many ways to deceive many people and make hot money for people who have played in it. So it's a good thing to keep struggling to see and analyze what you are going to invest. This is a serious thing to think about because everything is your own funds or your own capital to get to success.

ThemePen

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I stand with Palestine.

For these kind of scams I only believe in Bitcoin I always invest or trade in Bitcoin because I know if it will ho down so I have the opportunity to hodl and sooner or later it will go in profit and it will never disappoint to its users. And now the Bitcoin is slightly moving up and soon I think the king will show its power.

And scammers always invent new and new methods to grab your money so we all should avoid.

Sakanwa

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I wan to initially say a big thank you for the information as a beginner here I am pleased by this information and I hope it will guard me to a safer side. I was thinking of we shooting out these scammer and put a negative trust on them an let them pay for there mis lead.
I guess there is a punishment for these act in this forum and I urge the industry to take control of it because it make alot of people to have this scam thought in bitcoin and they need to punish anyone that would have to per-take in this act.

Darker45

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The truth is that if you intend to get into altcoin projects, into hype like DeFi tokens and NFTs and AI tokens and otherwise, you can't avoid the risk of getting into scam projects.

What will somebody look for in doing his/her own research? The whitepaper, reviews, testimonies, articles? They all can't provide a guarantee. Does it mean that since a token or coin is listed on CMC or Coingecko it is already legit? Nope. Does it mean that since a project doesn't offer 100x ROI quickly, it is legit? Nope. Does a listing on Binance a guarantee that it will succeed? Not, either.

You want to truly avoid scam projects? Avoid projects.

Razmirraz

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Catalog Websites

Quote from: Gcrypto786 on February 12, 2023, 11:19:55 AM

1) Do Your Own Research (DYOR), instead of believing in the Project Team, Ads, Marketing, Hype, etc.

DYOR really helps prospective traders identify Crypto assets to be purchased, to find out the prospects for crypto assets can be seen from the whitepaper. Traders need to be suspicious of whitepapers that are poorly written or have similarities to whitepapers from well-known Cryptocurrencies, this type of Cryptocurrency is very vulnerable to Scam Crypto.

Quote from: Gcrypto786 on February 12, 2023, 11:19:55 AM

3) If a project guarantee 100x or 200x profit return, then avoid such projects in terms of investment, as this is also a trick to trap you.

One of the most frequently used strategies scammers guarantee very lucrative returns. Traders should always remember, nothing is really free, especially when it comes to cryptocurrencies. Another point that newbie traders need to avoid is don't just join in and feel FOMO, because other people may be wrong and you are responsible for the actions of the bandwagoning.

Smartvirus

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Scam projects are never known to scream scams, scams about them. They present themselves to be as true as possible. They don't even mind giving in to pioneer investors just to make them spread the word as to how true they've been to them and the rest of there customers and what promises they have for long lasting and future investors. Its often like that about them and that's some major driving force to make prospective investors who are ignorant of the schemes out there or choose to be blind to the signs right before there eyes due to greed falls victim for.

If your a newbie investor with no idea on how to decipher scam projects from those of true or at least some good potential, its always best you stick with bitcoin. It's better to have your money fluctuate between some x-values of which, you stand a real chance of getting profit in a few years than having it zero out in a matter of weeks or months.

drwhobox

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Quote from: RockBell on February 12, 2023, 04:39:54 PM

First of all, I don't invest in altcoins because of the risk involved. Even though bitcoin has its own risks, I still prefer to invest in bitcoin over any other cryptocurrency. Before you invest in a project to x100 and it eventually becomes a dead project, take a look at what happened to Luna, despite everything, they still crashed. Not all cryptocurrencies can withstand a bear market. and too many scam projects

Altcoin investment now is very risky. I don't even hear about a new project for so long time. So yes you are right on this note that with all the flashy expectations from a project you will get a dead project in the end.
I used to invest in altcoins, and although I made so much profit from altcoins now there are no good projects to invest in. At least from my point of view.

omgitsmehehe

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Quote from: Saisher on February 14, 2023, 06:36:13 PM

Your advice or points are all good but even if the project has all the potential to be great, investors are still losing, because the admin left the development of the project or the team cannot keep up and the platform is not serving the majority of the community.
It's not good that you pick a project that you think has potential, you also need to follow it up, monitor its development, and check if the motivation of the team is still high to promote their platform and make it usable by the majority of the community.

It is challenging to avoid scams, but it is only realistic to lower the minimal rate of initiatives in the field that commit fraud. Scamming cannot be completely eliminated from the market because it is growing every day, but investors and traders must be made aware of how scam ventures operate. There are many projects on the market that are frequently reported as scams, but there are also legitimate ones among them; however, it requires extensive investigation to understand the project's whole roadmap. Before investing in any project, that is the primary goal, as are the project's road map and crew.

wajik-tempe

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There are some general and easy-to-look indicators of scam projects based on my experience
1. Unrealistic promises, project promises high returns or claims to have a revolutionary technology that will change the world
2. No real-world adoption, project does not have any real-world adoption or usage
3. Project has no active or engaged community on social media or forums

It's always important to conduct our due diligence and research any cryptocurrency project thoroughly before investing.

uchegod-21

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BTC, a coin of today and tomorrow.

Quote from: Saisher on February 14, 2023, 06:36:13 PM

Your advice or points are all good but even if the project has all the potential to be great, investors are still losing, because the admin left the development of the project or the team cannot keep up and the platform is not serving the majority of the community.
It's not good that you pick a project that you think has potential, you also need to follow it up, monitor its development, and check if the motivation of the team is still high to promote their platform and make it usable by the majority of the community.

You speak fact, the potentiality of any given project is the function of the developers behind the project. A project might look good, with an excellent road map but if it has poor or non serious team members or developers or promoters, it will gradually fade away.
Also a project might not have a good road map, infact could be scam project but if it has smart team behind it, the project will recieve more publicity and adoption than the former.

tranthidung

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Farewell o_e_l_e_o

Before mentioning about scam projects, let's emphasize that if you are not afford to lose, do neither join cryptocurrency market nor invest in any cryptocurrency.

Quote from: Gcrypto786 on February 12, 2023, 11:19:55 AM

1) Do Your Own Research (DYOR), instead of believing in the Project Team, Ads, Marketing, Hype, etc.

Check their Domain history with https://www.whois.com/

White paper, Team members and Tokenomics. If it is a PoW project, pay attention on their pre-mined coins.
[Guide] Identify scam projects by hidden premined coin indicator via explorer

Projects that are only listed on decentralized exchanges will have higher risk of rug pull. Not all of them will do rug pull but be careful.

It does not mean projects that listed on centralized exchanges won't scam you, won't scam exit at the end. Take care.

Pay your attention with settings for your account on Telegram: avoid to be added to scam groups by strangers, automatic download files that can contain malwares and steal your fund.

[Guide] Prevent scam!!! Some useful tools for find scam / fake ICO team
Telegram scams (Fake admins/ moderators)
Do this if you don't want to be dragged to different telegram ICOs
Some Telegram tips for newcomers in the crypto community
How To Stop Telegram Auto-Download. Do this to avoid hacks.

Crypt0Gore

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Quote from: Cantsay on February 12, 2023, 03:57:11 PM

Quote from: Gcrypto786 on February 12, 2023, 11:19:55 AM

2) Avoid all the non-related users, who ask for payment or pretend to be a member of well-known projects, as actually, they are trying to Scam you by using different means, like:
If a project has Telegram Community and there is an admin with the name “Dan Joe” and you get a PM from the same name person, then don’t just believe him/her as they can use the same name but you have to verify the user from the community or by cross-check his username by clicking on the user name.

My advice is that you/they should try to minimize the usage of telegram for business related issue because telegram is just like a den of scammers, I have received several messages from those claiming to be part of the team of a project and after I make enquiry in their official telegram group chat they all deny not to know such person and that they don't work for them. Most times this happens when you try to ask of solution to a certain problem you're facing and then boom you'll see your PM flooding your telegram trying to provide your with solutions and at the end they'll want you to give them some of your personal information.

Minimize the usage of telegram? There is nothing wrong with telegram, it's one of the best chatting apps for business that I know, the problem is scammers will constantly use anything functional to scam innocent people, I have blocked over 100 scammers on telegram, they PM me first and that I don't like if all telegram users can adjust their telegram security settings to 'not allow PMs' they will be free. After so many blocking of strangers on telegram, the security settings saved me from a lot of headaches.

Rikafip

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Quote from: Gcrypto786 on February 12, 2023, 11:19:55 AM

Do Your Own Research (DYOR), instead of believing in the Project Team, Ads, Marketing, Hype, etc.

Its kinda funny to hear that coming from a bounty hunter like you that promotes all kind of crappy shitcoin projects. I wonder how much research you do before deciding whether to join bounty campaign or not.

Quote from: Gcrypto786 on February 12, 2023, 11:19:55 AM

If a project guarantee 100x or 200x profit return, then avoid such projects in terms of investment, as this is also a trick to trap you.

You mean like this shitcoin project you promoted, which offered 480,419% APY. Do you think that something like that can be sustainable in the long run? Better listen to your own advice buddy instead bullshitting in Beginners&Help section, hoping for some merit.

rachael9385

sr. member

Activity: 476

Merit: 337

Thank you for the advice bro , I have been scammed many times on social media while trying to invest on Bitcoin, so now I have lent my lessons, I will never rush into any online stuffs, like someone coming to my DM to persuade me to invest such amount of money on any investment i will not participate. After been scammed I letter realized that am the cause of it, why because I don't do research about the project.

aioc

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Quote from: Gcrypto786 on February 12, 2023, 11:19:55 AM

4) Avoid Low grade, Less Secure, & have no proof of record on CMC, Coingecko, etc projects.

Coingecko and Coinmarketcap listing do not guarantee that the coins or tokens are worth investing, it used to be but there are reports that for a fee you can get listed on these two market aggregators there seems to be under-the-table negotiation, its just hearsay but there are people who claim that they can list their token for as fast as ten days for a fee when it's free based on their terms.
Developers are paying people to list their tokens, create a press release and pay people to promote their project, so it's not really creating hype that will add value to the project.

Saisher

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Activity: 2324

Merit: 175

Your advice or points are all good but even if the project has all the potential to be great, investors are still losing, because the admin left the development of the project or the team cannot keep up and the platform is not serving the majority of the community.
It's not good that you pick a project that you think has potential, you also need to follow it up, monitor its development, and check if the motivation of the team is still high to promote their platform and make it usable by the majority of the community.

Dunamisx

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20BET - Premium Casino & Sportsbook

Quote from: Gcrypto786 on February 12, 2023, 11:19:55 AM

3) If a project guarantee 100x or 200x profit return, then avoid such projects in terms of investment, as this is also a trick to trap you.

I will like to emphasize on this aspect well, when newbies got advice not to go for crypto projects that promises to this amount they feels bad as if we don't want them to make profits or break even with their interest on making investment, but they need to consider the risk, the assurance that they will eventually get the said amount as promised, which is why a thorough research is expected to be conducted before taking the risk but not every beginners knows how to go about doing all this to ensure not being a victim to their trap, you can also get more than this if patiently wait for a bullrun with bitcoin.

Sandra_hakeem

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Goodnight, ohh Leo!!! 🦅

It's good that you've written something to us...but it's even more worse that you've not realized that alot of peeps in here aren't as dumb as you are to think this is a newly invented content, or is it? Roll Eyes

Hmmm..
Well, let me pretend to have read this for the first time in here; it's a nice appraisal and I'll advice every newbie, including the OP -- to stick to these common rules.
Newly created projects aren't really advisable to dumb/sink in so much cash Capital; at some point, they could actually strive through and create a decent legacy, but it's not even advisable to invest in centralized exchange at first..

Sandra 🧑‍🦰

Nheer

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Quote from: Gcrypto786 on February 12, 2023, 11:19:55 AM

3) If a project guarantee 100x or 200x profit return, then avoid such projects in terms of investment, as this is also a trick to trap you.

this is true, a project cannot guarantee its success and any project that makes such promises like 100x profit is surely a way to lure investors so newcomers into crypto should take note and avoid such projects. Even a well established project can fail just as the case with luna and so many other projects. Alot of people have fallen for this trick and so did i in my early days.

Quote from: Gcrypto786 on February 12, 2023, 11:19:55 AM

1) Do Your Own Research (DYOR), instead of believing in the Project Team, Ads, Marketing, Hype, etc.

This is important as well, for some projects when a new token is about to be created the project team makes lots of promises just so they get people to invest in the project so its very important to do your research before investing into a project and also do not just invest in a project when you’re told to do so by anybody without doing proper research on the project.

Lots of scam project everywhere lets all be careful and carry out proper research before investing.

RockBell

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Underestimate- nothing

First of all, I don't invest in altcoins because of the risk involved. Even though bitcoin has its own risks, I still prefer to invest in bitcoin over any other cryptocurrency. Before you invest in a project to x100 and it eventually becomes a dead project, take a look at what happened to Luna, despite everything, they still crashed. Not all cryptocurrencies can withstand a bear market. and too many scam projects

Topic: Avoid Scam Projects (Read 262 times)