Topic: Avoid Scam Projects - page 2. (Read 262 times)

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.

Doing your research could work to an extent and save one from some scam and shit projects as well as those that start off relatively well, but eventually lose direction.

Sticking to Bitcoin however would save one from 100% of them. You do not need to diversify within the crypto space.
Buy and hodl Bitcoin and avoid keeping altcoins in your stash and more so, do not risk your money on new projects.

Those irritating scams in Telegram, you've said it right that many of them are there and just finding someone who's innocent enough with such.

I agree with most that you've said but even with such volume and they've got records and listed on these listing websites, this isn't limiting a project to be a scam.

Rug pulls can happen anytime with projects that can be seen there having decent volume. That's why just go back to the #1 tip you've mentioned and do it as much as you can.

Thank you very much for this information. This is very important and useful to me as I'm new to this environment. It will help me a lot in surfing the internet for a better and trustworthy investment platform. I also think for now the best investment platform is bitcoin

Greetings BitcoinTalk Community,

Just in case for the Newbie, I want to share some precious information regarding Scam Crypto Projects and Legit. As you all know that there are many Scam projects introduced in the market and many new users become victims of those projects, So to avoid it you need to do the following:

1)   Do Your Own Research (DYOR), instead of believing in the Project Team, Ads, Marketing, Hype, etc.
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.
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.
4)   Avoid Low grade, Less Secure, & have no proof of record on CMC, Coingecko, etc projects.
5)   In terms of real investment select those projects whose aim is to be listed on the Top exchanges like Binance, etc.
Please keep all the above basic points before involving any project. The most common and irritating Scam is the Telegram Scam, as each day you will have to avoid such users who claim to be a top manager or want to double your investment, etc.

Happy Crypto Trading.