I once joined a project that promised that they would give big prizes to the participants, but when they were on their way they changed the prize rules and even disappeared without further news. from then on I began to reconsider before joining a project that gave a big prize
Probably everyone has a story, after which we begin to take more care of our money. Sometimes we have to make a mistake to start thinking with our heads and not make hasty decisions. Not everyone can learn from the mistakes of others. 
Topic: be careful with projects that offer you great prizes, that is not a guarantee of - page 10. (Read 1274 times)
September 06, 2019, 05:22:37 AM
September 06, 2019, 05:17:13 AM
Right. Be careful with high-bid projects to avoid things that can lead us to losses. My advice, just choose BTC to invest that is more controlled and guaranteed, rather than trusting projects that promise to offer high but deceptive offers.
September 06, 2019, 04:13:04 AM
From experience , a good project dosent bother about price value and investors also are not quick to judge project with its price value! The most important is how to develop what’s on white paper and make it a reality. Any project that puts price tag and ROI ahead of project development is not to be taken serious !
September 06, 2019, 03:31:56 AM
I called projects with high rewards PONZI,the following is how i categorized these projects
Short term ponzi projects
These projects are famous in crypto space,they aim to do pump and dump and mostly this projects are rushed,they have bad designs and cheap domains like xyz or .mobi, they are mostly Prove of Work based algo as well
Long term ponzi projects
These projects are they most scary ones,they are hard to detect because they mostly plan to stay around for a year or even more,this projects are build by pro scammers and they go all lent to make sure the project looks so real,they introduce high returns investment and they pay investors with the same money from investors,if care is not taken you will easily fall victim
Short term ponzi projects
These projects are famous in crypto space,they aim to do pump and dump and mostly this projects are rushed,they have bad designs and cheap domains like xyz or .mobi, they are mostly Prove of Work based algo as well
Long term ponzi projects
These projects are they most scary ones,they are hard to detect because they mostly plan to stay around for a year or even more,this projects are build by pro scammers and they go all lent to make sure the project looks so real,they introduce high returns investment and they pay investors with the same money from investors,if care is not taken you will easily fall victim
September 06, 2019, 02:51:54 AM
We should be vigilant enough to select which projects we should be joining in. Great and high prize or high returns seems attracting and majority of the peope joined with them because of in need of the money. Without further thinking that it is impossible to give such high prizes with unsure results. Thus making it surely a scam. I do hope, people will get to know the project even better before choosing to join them not to waste one's effort and time.
September 06, 2019, 01:40:55 AM
I once joined a project that promised that they would give big prizes to the participants, but when they were on their way they changed the prize rules and even disappeared without further news. from then on I began to reconsider before joining a project that gave a big prize
September 05, 2019, 07:32:47 PM
yes the fact is like that, in this crypto industry there is no full guarantee for you. Even in traditional investment, nothing guarantees you profit. There will be no certainty in future income, and if a project claims their tokens will become more and more expensive over time, it is very likely that they are lying. Of course, that does not mean that they are wrong, however, ensuring that everyone in the inevitable benefit is not responsible, to say the least. If you see a project that claims that your profits will grow tenfold in just six months, it's far more likely to be a good old Ponzi scheme than it really is, as seen in BitConnect.
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.
The wise investors know this fact and they avoid to invest in these projects: If there is no product, the product is you. So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.
The probabilities are not going to solve the problems caused by the teams, the team is responsible to deliver the product by the promised idea. Investment strategies are not prepared in one night, the Ponzi scheme projects are carefully filtered by the smart investors.
Great rewards can be 5% of the total coin supply in bounty campaigns, but the experienced bounty hunter avoids to participate in the highly ridiculous boutny allocation projects. The similar logic is also used by the investors and they don't want to be a part of the shilled crypto projects as a shareholder.
September 05, 2019, 07:29:25 PM
Yeah there's a lot of people getting scamm because they offer great prizes and grab the opportunity without any learning, that the mistake of the people specially the newbies herein crypto community, they grab the high prize offer but at the end they get scam because of laxk of study about the offer.
September 05, 2019, 07:24:00 PM
I really like that statement.
snip~
So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.
In fact, many lay people who are new to cryptocurrency want to join and get the maximum profit, they are easily influenced by the lure of multiplying profits. They do not understand the cryptocurrency ecosystem, so they are easily fooled. So, no matter how this promise actually looks, if you see that the project offers you sky-high profits for literally no effort, it probably means that they want to make that profit out of you.
September 05, 2019, 07:15:36 PM
Are there still investors who can believe the empty words of the project team? I think that all now only trust action and do not build illusions about sky-high profit.
September 05, 2019, 07:00:45 PM
This type of fraud can occur with a variety of tempting offers, offering to tens of times over several months and many other methods.
In my opinion, there are so many ways that we can not get trapped as long as our minds are still running logically. Only people who never think that often experience it.
I have seen this kind of event myself where I live, one of the crypto investment projects held a meeting with the aim of attracting investment to invest in the project, I just mentioned the name of the project (True Coin).
In my opinion, there are so many ways that we can not get trapped as long as our minds are still running logically. Only people who never think that often experience it.
I have seen this kind of event myself where I live, one of the crypto investment projects held a meeting with the aim of attracting investment to invest in the project, I just mentioned the name of the project (True Coin).
September 05, 2019, 06:35:01 PM
When I select a project for participation, I make sure that the project has a finished product and what profit can be obtained at the same time. Most projects that promise huge amounts of profit turn out to be fraudulent. I do not believe such promises - this is always a hoax and therefore I do not participate in them, as I have come across such a trick several times.
September 05, 2019, 04:45:59 PM
You are right and we need to know that in such ponzi or high yield projects the true winners are the people behind them because they have the control over all the money and a few early joiners who had maximum opportunity to withdraw the most, i always suggest friends to stay away from ponzi like projects as i have also fallen for many in the past so i do not want others to loose in such projects as well.
September 05, 2019, 04:31:38 PM
Anything in life that offers returns too good to be true for the amount of risk you're taking by attempting to get those returns is likely not legitimate, or there's string attached that aren't clearly stated. Do your own research and decide if something's worth investing in, don't ever just take the word of the project you're looking at. Almost all of the crypto-based projects with insanely good returns or promised returns that I can remember have turned bad for investors.
September 05, 2019, 03:56:20 PM
A lot of projects say they have a big bounty fund and quote some huge figure, but they don't really highlight the fact that this is often a maximum, based on the project hitting hardcap. If they have hardcap of $100m, but only sell $1m in ICO, then that bounty reward drops by a factor of 100. The figures quoted do sometimes need to be considered carefully.
September 05, 2019, 03:23:52 PM
Now a very large number of bounty campaigns promise a good profit if the conditions they dictate are met.
But not everyone fulfills the promise.
I always try to learn as much as possible about the development team and this guarantees that they will not deceive me.
But not everyone fulfills the promise.
I always try to learn as much as possible about the development team and this guarantees that they will not deceive me.
September 05, 2019, 02:25:35 PM
Promises of high income do not carry the slightest trace of truth. Many projects use a well-established scheme to lure potential investors. Playing on people's weaknesses, some bad guys make a lot of money. Be choosy and reasonable.
September 05, 2019, 02:16:24 PM
We all need to be patient and calculative in our investment strength, one of the most prevalent schemes in this space is the ponzi scheme, though it's not openly revealed to be one, but could be detected by the details of the investment. Every investment which promises huge returns within a short period of time is a ponzi scheme and should be avoided because they all end up deceiving the investors.
September 05, 2019, 02:06:38 PM
Greediness is what makes people invest in projects that promises high return of investment in a short period of time,good projects don't give out promises of ROI to investors,they work to achieve greater milestone and this can take years to achieve but in crypto space today we have too many projects that are ponzi kinda
September 05, 2019, 01:40:43 PM
Just like the saying goes that not all that glitters is gold and not everye that supports you wishes you well, most projects promise us moon yet they cant lift us from earth
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