Yes we know that there are so many scam project that would launch their useless tokens and coins and that's why there is lot of people wasted their money. And I had a different experiences I was participated on some scam ICO project and Airdrops and that is my big mistake because I provided times to get well but it's not worth it.
Keep in mind that there a lot good and bad thing that could really happen when you are entering in crypto currency so make sure to learned a lot of things to be more wisely and cleverly in order to avoid huge mistakes on future.
Topic: Be aware, so many scam coins are around - page 6. (Read 3668 times)
its a sad thing that people so much love for people leads them to scam the people by means of crypto projects, but we people should be smart enough to analyze every situation, scam projects and a scammers are a shame to crypto industry and community.
I am awared that crypto is full of scam around. Look, I enter every tg chat and immediately scammers pm. I hate it!
But you know. even scam can be profitable, the moment to sell coin does matter
But you know. even scam can be profitable, the moment to sell coin does matter
Now that most of the people are well aware of scam ICOs, scammer has found another way to scam people. I have observed 3 projects till now which I will list here and give you a highlights how they scam people, specially the newbie.
1. Privcy
Privacy was a free airdropped coin which was distributed freely over the community for helping promoting the project. Later, they decide to reward more to the holder of the coin in airdrops. The more coin you hold, the more airdrop coin you get. Newbies started to buy coins for getting more airdrop coin and DEV were selling their coin. I am sure they had a lot of fake accounts participating in the Airdrop. Can you believe they scammed people in such a way? Now, the project is died, 24 hour volume is- $620 which was less than $100 couple of weeks ago.
2. Profish
Profish was an ICO which came into the exchange before the bounty end. They were listed in mercatox and used to have some fake volumes. I don't know what happened to their ICO but they sold a lot of coins through mercatox and later, the price is now 1 or 2 satoshi from 650 satoshi. This is also a dead project. They scammed people.
3. Helios Protocol- Be aware
Helios Protocol is now airdropping coin to their community. This attract my eyes when I see user vectisitch was vouching the project. He was a moderator in privcy, so, there's no doubt that both of the project are from same person and this helios shit is also going to scam money. I want to alert you guys not to invest in this scam project.
Here is the vouching comment- https://bitcointalksearch.org/topic/m.50087444
1. Privcy
Privacy was a free airdropped coin which was distributed freely over the community for helping promoting the project. Later, they decide to reward more to the holder of the coin in airdrops. The more coin you hold, the more airdrop coin you get. Newbies started to buy coins for getting more airdrop coin and DEV were selling their coin. I am sure they had a lot of fake accounts participating in the Airdrop. Can you believe they scammed people in such a way? Now, the project is died, 24 hour volume is- $620 which was less than $100 couple of weeks ago.
2. Profish
Profish was an ICO which came into the exchange before the bounty end. They were listed in mercatox and used to have some fake volumes. I don't know what happened to their ICO but they sold a lot of coins through mercatox and later, the price is now 1 or 2 satoshi from 650 satoshi. This is also a dead project. They scammed people.
3. Helios Protocol- Be aware
Helios Protocol is now airdropping coin to their community. This attract my eyes when I see user vectisitch was vouching the project. He was a moderator in privcy, so, there's no doubt that both of the project are from same person and this helios shit is also going to scam money. I want to alert you guys not to invest in this scam project.
Here is the vouching comment- https://bitcointalksearch.org/topic/m.50087444
if we pay attention, cryptocurrency that ends with scam, at most born through airdrop or give away that has an easy rule or task, what do you think?
Should we avoid the airdrop program to not get a scam cryptocurrency?
I have always said that fraudsters are very much in this market, especially now when the market growth has gone up and the saddest thing is that there will never be fewer of them because it is a cryptocurrency and in the world of cryptocurrencies most fraudsters because it is here that you can earn quickly and much at once.
in my opinion it has become a risk in investment by participating in the ICO and in that investment I think we should be able to do the right research and research and to get ICO that can be profitable to follow in investing
besides the three that you mentioned they also made an announcement that the ICO had been hardcap and attracted bounty hunters so they were trapped. I always check their team to avoid a coin scam.
Scam coins I think is everywhere, where the money I think scammer is always around it.
So, the investors must be careful in in choosing coins which He/She like to buy to trade it in the market.
That's why We need to have a pattern to find out if the ico are legit or not.
So, the investors must be careful in in choosing coins which He/She like to buy to trade it in the market.
That's why We need to have a pattern to find out if the ico are legit or not.
to find out which projects are legitimate and not difficult and require skills in researching them, so to be safer we only have enough coins popular in the market, because popular coins that exist are also very many and we can make choices that are free in this case
This is very true. I'm a victim to Profish scam and have been victims to similar ones. Profish for instance lured people through losting the coin. I actually got trapped by this. We reall need to be very careful as these scammers have found new ways to scam us
Scam coins I think is everywhere, where the money I think scammer is always around it.
So, the investors must be careful in in choosing coins which He/She like to buy to trade it in the market.
That's why We need to have a pattern to find out if the ico are legit or not.
So, the investors must be careful in in choosing coins which He/She like to buy to trade it in the market.
That's why We need to have a pattern to find out if the ico are legit or not.
They are hundreds of those and it's sad how they are spoiling the image of crypto. Let's be careful the projects we invest in.
It is very sad that this ICO scammers get different strategies for them to still dump their token for investors and then exit. Another method some fake projects use is trading competitions, they will dump alot of shitcoins for unsuspecting people. Though not all projects that engage in trading competition are fake.
I like this kind of topics, it’s always good to spread awareness about scam. Unfortunately there are still a lot of people wants to make money and they are ready to believe anything. So everyone needs to be careful because scammers always find new ways.
I like your last sentence, that scammers are always there and find new ways to do that. It's actually better to produce a little but it's real. Compared to want to produce a lot but the risk is big like fraud. So many fraudulent coins now, I'm sure everyone is careful now before doing anything.
these many scam coin have long existed and are still around. It takes those with the eyes of an eagle to bypass these coins and select the legit ones. Why trust these coins without doing your own analysis or research into these coins. crypto is for the learned and without hard work researching or learning, trust me you will get lost with your money as well. Research and then be cautions for the snakes of scam coins are always ready to bite.
I like this kind of topics, it’s always good to spread awareness about scam. Unfortunately there are still a lot of people wants to make money and they are ready to believe anything. So everyone needs to be careful because scammers always find new ways.
scammers everywhere and even where you do not expect to see them because this is the Internet is not a secure connection that allows you to break into your offices and take everything that you have.
They can do that if you give them a even a little chance to penetrate, hackers and scammers are everywhere so better to start learning more advancesecured process to make a much better security with your assets, even those new introduced coins can be harmful if you will not pay attentions with
potential threat that it can bring to your machines, be very careful before joining.
Yes, I myself have met many fraudulent projects. 2 websites for carbon paper on 2 different forums were promoted simultaneously. I found it, examining one expert at ICOBench, a guy just scam promoted. Be careful check everything.
scammers everywhere and even where you do not expect to see them because this is the Internet is not a secure connection that allows you to break into your offices and take everything that you have.
the list could go on and on ICOEthics has his own list plus those listed in the scam sections, every coin has their own way on how to scam investors, so it's important that every investor should know how they scammed their victims, even if the project that looks good could turn around and scam their investors and bounty hunters.
You are right! While the ICO is still a risky event that guarantees neither profit nor a reliable method of saving personal funds in digital format. It is sometimes very difficult to recognize a scam project, because fraudsters also find ways to gain confidence in investors, clouding their minds with various bonuses and discounts.
fraudsters were and will always be from them no one is insured everyone needs to fight only for his wallet and provide protection to him. You also need a very tactile check what you invest.
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