Topic: Be aware, so many scam coins are around - page 15. (Read 3690 times)
Competition in crypto currencies to get as much profit is indeed very fierce. Many people want to get big profits in a fast time in various ways so they choose to commit fraud. As a wise crypto currency player, we should be careful in following every investment in the ICO. The large number of frauds requires us to be smarter in analyzing truly trusted and responsible ICOs. I only hope that as soon as possible there will be an official international regulation governing this ICO. I hope that with the existence of strict and compelling laws there will be no more ICO fraud.
At present there are more than 2100 coins and tokens officially registered in the coinmarketcap, too many coins and tokens will make the competition very tight and I'm sure many coins will die and become scams.
Just because a project ends up failing doesn't mean its always a scam. Some ideas just don't work out or they aren't good at marketing.
I think its unfair for you to call something a scam when it had entirely free distribution.
I think its unfair for you to call something a scam when it had entirely free distribution.
There are a lot of scammers in the crypto market, so we need to be aware of and before taking any action (investing in a project, buying coins or participating in a bounty program), we need to carefully analyze the project.
The simplest decision of this problem is not to be greedy and run to catch the tokens, which are supposed to pump quickly soon. You can lose when you are not in time to sell them. Invest in reliable altcoins.
Very obvious in this space, many coins /projects are scam that is why before one invest in any coin or project, you must do a thorough research because that is the only way out, you just don't see any coin and buy.
One really needs to be careful about the issue of scam in this industry. Scammers are always swift to change their strategy to attract uninformed individual. I know that their technique now is to dump the tokens on gullible buyers on exchange platform.
We can't definitely define if the coins are scam or not but make reviews on the project and their products to make sure what ever ot take the tokens you buy you can use it.so go to projects that has good products to able use tokens from this.
I think with what's been going around us for over a year people already know that scams are very eager to scam us all, even projects that looks too good to be true can turn to scam and escape our radar, just take a look at Resto after distributing tokens their devs are nowhere to be found.
we must be able to see how the performance of the fake coins works. with this iming, there are now many who feel cheated about it and this is one of the things we must be aware of,
This is true scam coins are everywhere now in cryptocurrency so be wise on investing especially on promoting them,I promote a good project and good product of yanu.io and if you dont have a token from them this your chance to buy visit their official Ieo here https://exmarkets.com/launchpad.
I still remember those days I hustled Profish bounty very well. It's really becoming the order of the day what these so called ICO does. You are not far from it, most use listing on exchange to beautify their scam.
that's a good analysis you got there. I will be spreading it on my groups where almost everyone is looking for new ICO's to join even after they got scammed a lot of times. Some people just do not want to believe that these scammers are just there trying to make money out of us by using our precious time and money to promote their scam.
There are a lot of scammers in the crypto market, so we need to be aware of and before taking any action (investing in a project, buying coins or participating in a bounty program), we need to carefully analyze the project.
Scammers overs a period of years now have become a big problem to the cryptocurrency community and the government are actually doing thier best to deal with this scams. But we all have to carefull as well
Well basically, I didn't see how the government acts to the problems we are facing here on the cryptocurrency space by the way, it is decentralize and even banks and governments have nothing to do with it. I think what they should better do is just to promote to avoid fraud acts, and not to interfere by providing regulations.
It can be said that many altcoins are so prevalent and scam so investors are especially careful because you can threaten and lose if you buy altcoins that you are not sure whether it is legit or not or is it potent or not so be careful because the scammers are now cunning to make every effort to get someone else's head in the bounty so many bounty scams are coming out so be careful about why everyone does not legit out the bounty so be careful with your share so you do not lose sense of what you are doing or working on a scam project.
Scammers overs a period of years now have become a big problem to the cryptocurrency community and the government are actually doing thier best to deal with this scams. But we all have to carefull as well
Well basically, I didn't see how the government acts to the problems we are facing here on the cryptocurrency space by the way, it is decentralize and even banks and governments have nothing to do with it. I think what they should better do is just to promote to avoid fraud acts, and not to interfere by providing regulations.
there are so many scam cryptocurrencies and investors should do the due diligence of making some good researches about all these cryptocurrencies before invested into them. I lost some good amount of money when I started invested into some masternode projects. Don't just invest in any fancy thing that raises an ICO people, get to know the project and what they offer before you invest okay. It's safer that way.
Its true, we should do due diligence on the project we want to invest. But if we want to make it more easier, better invest on top 10 coinmarketcap. Most of that coin have big liquidity and already have working product. We should never invest on pump and dump project
there are so many scam cryptocurrencies and investors should do the due diligence of making some good researches about all these cryptocurrencies before invested into them. I lost some good amount of money when I started invested into some masternode projects. Don't just invest in any fancy thing that raises an ICO people, get to know the project and what they offer before you invest okay. It's safer that way.
Its true, we should do due diligence on the project we want to invest. But if we want to make it more easier, better invest on top 10 coinmarketcap. Most of that coin have big liquidity and already have working product. We should never invest on pump and dump project
there are so many scam cryptocurrencies and investors should do the due diligence of making some good researches about all these cryptocurrencies before invested into them. I lost some good amount of money when I started invested into some masternode projects. Don't just invest in any fancy thing that raises an ICO people, get to know the project and what they offer before you invest okay. It's safer that way.
You're right and thanks for your sharing these topic but, ever since their were already many scammed around in crypto. And I think many crypto users already aware of these things. To avoid those newbie being scam make them a deep research about crypto and what factors to determine a scam project or such a coins.
It's easy to find out a scam project if you are talking about ICO, on ther hand any coin with premine is most probably or 90% is scam. I doubt privcy has done a fair distribution. They had sold a lot of coins back in the day which was premined, which is why I don't trust such project anymore.
You're right and thanks for your sharing these topic but, ever since their were already many scammed around in crypto. And I think many crypto users already aware of these things. To avoid those newbie being scam make them a deep research about crypto and what factors to determine a scam project or such a coins.
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