High Profit Projects Are Prone To Scam - page 4.

Desmong

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Quote from: harizen on December 20, 2022, 06:41:41 PM

Every project that promises a huge profit in return should be automatically blacklisted to you.

What should they show to attract some possible investors are those key fundamentals of that coin and why should we trust their projects.

For me, I always ignored new projects where what they talked about is the possible huge return in the future.

This is one of the real methods that scammers had been using to steal money from people especially for those that are very greedy and want to make fast money. I had fall victim to something like this before and I lost almost all my Bitcoin. I regretted the day I was born because of my big loses and I learnt a lesson never to go for something like that again.

Xal0lex

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Quote from: Natalim on December 20, 2022, 04:56:08 PM

If we aim for earning a profit, we better stay away from new projects but instead, go buy Bitcoin and potential altcoins then we are safe.

New projects are not a sentence, new projects are opportunities and prospects. You just need to study them in more detail. For some reason I often see calls in the community that it is better to stay away from new projects and buy proven coins. Which ones? For example LUNA and FTT, which were also once tried and trustworthy, but now have become garbage. I agree that new projects scam much more often than established and proven ones. But when it comes to quick and big profits, let's be honest, without investing in new projects you can never get rich with a small deposit.

Jatiluhung

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thank you for sharing your experience OP with us who are new to the Crypto industry especially in altcoins. I also just realized that some altcoins are even listed on major exchanges. The altcoin offers a large percentage of profits per year if we do staking. and after I observed in more depth. it turns out that most of the altcoins that offer hundreds of percent of profits per year actually the price of the coin itself continues to experience a very deep decline. so that the hundreds of percent profit that we get from staking becomes worthless at all. I was bummed by this. and I hope all beginners can be more careful in staking.

nurilham

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Quote from: Sunrise360 on December 15, 2022, 03:30:48 AM

1. So as a new trader, it is always important to do your own research before any Investment with any upcoming crypto project.

Indeed, researching project is a must when we are going to invest or trade in the new projects. However with high scam probabilities, we must be aware that every new project will probably tend to be failed or scam. that is why if we are a trader and going to trade the token, we must know the right phase for buying and selling. If we are too late, it will probably eman that we maybe closed tot he loss.

Howeever for me, I personally rpefer to choose the old coins or top coins to trade ebcause it is much better than the new one. Why? because I am not really good at the researching the new proejct, this will be likley a gambling if invetsing without good analysis and research.

isaac_clarke22

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5x during presale was already a red flag. If that was legitimate, that would be a really risky move for the project devs themselves from how invested they were in their project, it would gain a lot of investor but the cost and return of it are not going to be worth it in the end.

Quote from: TimeTeller on December 24, 2022, 04:46:37 PM

Discord itself is not a scam, but scammers used this channel to sell their masternode coins.

I recall mass closing of those Discord servers that I had joined back then when I was still looking for new coins to invest. The nightmare. Cheesy

TimeTeller

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Quote from: Silberman on December 24, 2022, 04:42:00 PM

Quote from: Hypnosis00 on December 24, 2022, 02:19:09 AM

Quote from: Derrickiell on December 24, 2022, 02:08:43 AM

Many crypto projects have excessive false claims to provide investors with maximum profits, and greedy people are always baited and scammed. Over time scam projects will slowly reveal their true colors, they are just trying to deceive investors.
So learn to analyze crypto projects and don't believe in any promise of high profits.

Well, the truth is that some people had learn from their mistakes but some still accumulating these shitcoins. That is why we could see that still a lot of people get scammed and the number of scam projects is also growing. If we all just know how to assess the project or even just be cautious in investing in projects who promise huge returns (APY), I could say that they will be getting out of their numbers and turning to zero in the future. But I'm not sure how we could change this situation knowing that there are a lot of greedy people that are still looking for instant money and quick-rich.

And this is one of the most important reasons why those projects refuse to disappear, anyone that has been in this market for long enough should be able to recognize that all of those projects are scams, however since the possibility still exist of making some money despite this fact many traders decide to ignore this as their greed takes over them and it becomes impossible for them to resist such offer, but once they lose money then they come to the forum to complain about it, as if they knew nothing about the project being a scam.

These scam developers can always repeat their scamming process as they can introduce it anonymously.
I remember, a lot of pump and dump masternode coins that were introduced via discord channel.
Discord itself is not a scam, but scammers used this channel to sell their masternode coins.
And most of these MN coins become dead few months after they hit the trading market.
Leaving most of the MN owners not getting even their initial investments.
So yes, people should be aware of these scammers, because they are still here, waiting for their next victim.

Silberman

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Quote from: Hypnosis00 on December 24, 2022, 02:19:09 AM

Quote from: Derrickiell on December 24, 2022, 02:08:43 AM

Many crypto projects have excessive false claims to provide investors with maximum profits, and greedy people are always baited and scammed. Over time scam projects will slowly reveal their true colors, they are just trying to deceive investors.
So learn to analyze crypto projects and don't believe in any promise of high profits.

Well, the truth is that some people had learn from their mistakes but some still accumulating these shitcoins. That is why we could see that still a lot of people get scammed and the number of scam projects is also growing. If we all just know how to assess the project or even just be cautious in investing in projects who promise huge returns (APY), I could say that they will be getting out of their numbers and turning to zero in the future. But I'm not sure how we could change this situation knowing that there are a lot of greedy people that are still looking for instant money and quick-rich.

And this is one of the most important reasons why those projects refuse to disappear, anyone that has been in this market for long enough should be able to recognize that all of those projects are scams, however since the possibility still exist of making some money despite this fact many traders decide to ignore this as their greed takes over them and it becomes impossible for them to resist such offer, but once they lose money then they come to the forum to complain about it, as if they knew nothing about the project being a scam.

Hypnosis00

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Quote from: Derrickiell on December 24, 2022, 02:08:43 AM

Many crypto projects have excessive false claims to provide investors with maximum profits, and greedy people are always baited and scammed. Over time scam projects will slowly reveal their true colors, they are just trying to deceive investors.
So learn to analyze crypto projects and don't believe in any promise of high profits.

Well, the truth is that some people had learn from their mistakes but some still accumulating these shitcoins. That is why we could see that still a lot of people get scammed and the number of scam projects is also growing. If we all just know how to assess the project or even just be cautious in investing in projects who promise huge returns (APY), I could say that they will be getting out of their numbers and turning to zero in the future. But I'm not sure how we could change this situation knowing that there are a lot of greedy people that are still looking for instant money and quick-rich.

Derrickiell

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Many crypto projects have excessive false claims to provide investors with maximum profits, and greedy people are always baited and scammed. Over time scam projects will slowly reveal their true colors, they are just trying to deceive investors.
So learn to analyze crypto projects and don't believe in any promise of high profits.

lobo13hf

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Quote from: harizen on December 20, 2022, 06:41:41 PM

Every project that promises a huge profit in return should be automatically blacklisted to you.

What should they show to attract some possible investors are those key fundamentals of that coin and why should we trust their projects.

For me, I always ignored new projects where what they talked about is the possible huge return in the future.

projects like this usually only talking about how much ROI they offered meanwhile their project itself is either mainstream or lack of innovation, the thing with these projects is that they're too focused in gathering funds from the masses and everyone with right mind could see at simple glance that these projects are no good and just trying to steal your money, good projects always talk about their innovation first and how it is revolutionary.

dunfida

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Quote from: Sunrise360 on December 15, 2022, 03:30:48 AM

With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.

Most of the time.

Investors should really open up their eyes and shouldn't really be that getting fooled on where these project owners do really promising into.Everything would really be depending on the demand because
this would really determine projects success and potential which is something that we cant able to know ahead. Although its really that hard to make out decisions because of all
the projects thats recently launching then it is really hard to choose which one is good and which one is shit, this is why its recommendable on taking up your
time on verifying and researching up on everything in relation to that.

serjent05

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Quote from: harizen on December 20, 2022, 06:41:41 PM

Every project that promises a huge profit in return should be automatically blacklisted to you.

What should they show to attract some possible investors are those key fundamentals of that coin and why should we trust their projects.

For me, I always ignored new projects where what they talked about is the possible huge return in the future.

Obviously, if the project's promise is too good to be true then the risk of the project being a scam is huge. But projects that generate high profit is situational. I mean not all high-profit project are scams or will turn into scams. One example is Bitcoin. Bitcoin is the currency that gives the highest return in the history of cryptocurrency, basing it on the initial price and the all-time high. So is Bitcoin prone to becoming a scam project?

sulendra12

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Quote from: Sunrise360 on December 15, 2022, 03:30:48 AM

1. So as a new trader, it is always important to do your own research before any Investment with any upcoming crypto project.

It is always nice to ask other opinions about your question if you are a new trader especially when it comes to research so you have good grasp about how you do the research by yourself later on.

Quote from: Sunrise360 on December 15, 2022, 03:30:48 AM

2. Invest what you can afford to lose

Correct, but if they offer you insane amount of return with over-promoting something that does not exist yet and then you shouldn't bother to invest in the first place. It wastes of your money and your time.

Quote from: Sunrise360 on December 15, 2022, 03:30:48 AM

3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?

True, they are struggle to even gather the sales value. How come they even provide us with such return with the struggle to make sales even worth going? It's a common sense.

MFahad

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I don't think so, with interests being reduced next year and a down trend from inflation, falling treasury yields , I believe risky assets will be more attractive to investors and money will be move from banks back to the stock market and crypto

Wakate

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Quote from: Sunrise360 on December 15, 2022, 03:30:48 AM

With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.

I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project. When the complaints on the Telegram group became too much, the project team just abandoned the group, leaving Investors with bot.
1. So as a new trader, it is always important to do your own research before any Investment with any upcoming crypto project.
2. Invest what you can afford to lose
3. Try to avoid some of these projects with that promise outrageous profits on investment, most of them are not realistic. How can you expect 300,000% annual percentage yield from a new project?

It is not just only high profit projects but also new projects that has no recognized dev or team. There are plenty projects in the cryptocurrency market that are prone to scam which is one of the major reason why we should always do research before jumping on any project no matter what weight have heard about it. Many of the cryptocurrency projects we have now are mainly hype which is the centre of attraction for investors to keep investing in such a project. When the hype is gone or finished the project might end up becoming rug pull or losing momentum.

Psynthax

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Quote from: landheer on December 20, 2022, 07:50:24 PM

every project there is a right and some are not. it depends on us who should be able to choose. but in the most important investment do not be greedy.
this is a simple example: we have a lot to learn from ants, try to pay attention when ants walk even though slowly, but the end will surely arrive. so is investing in crypto. you still have to look for the safest crypto and don't be greedy, the point is, even though the profit is small, keep it up, don't be tempted by bigger profits.

the thing with investments is that even if you wanna invest slowly but sure there's always chance that eventually you gonna make a wrong decision and that causes loses in your investments, you could never be sure which coin that you invested gonna gives you profits, after all, from the paper these projects seems all outstanding but the execution usually is different and most of the time they failed in delivering their promises.

Silberman

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Quote from: harizen on December 20, 2022, 06:41:41 PM

Every project that promises a huge profit in return should be automatically blacklisted to you.

What should they show to attract some possible investors are those key fundamentals of that coin and why should we trust their projects.

For me, I always ignored new projects where what they talked about is the possible huge return in the future.

Correct, no project should be able to guarantee to you that you will obtain profits by investing with them, and if they do then you will know there is something suspicious about that project, now you could take your time to try to find how exactly they are trying to scam you but this is a waste of time, it is better to simply move on and look for other projects which may have some honest developers behind them, but lamentably this is very rare these days.

landheer

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every project there is a right and some are not. it depends on us who should be able to choose. but in the most important investment do not be greedy.
this is a simple example: we have a lot to learn from ants, try to pay attention when ants walk even though slowly, but the end will surely arrive. so is investing in crypto. you still have to look for the safest crypto and don't be greedy, the point is, even though the profit is small, keep it up, don't be tempted by bigger profits.

harizen

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Every project that promises a huge profit in return should be automatically blacklisted to you.

What should they show to attract some possible investors are those key fundamentals of that coin and why should we trust their projects.

For me, I always ignored new projects where what they talked about is the possible huge return in the future.

lalabotax

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Quote from: Sunrise360 on December 15, 2022, 03:30:48 AM

With my little experience so far, I have come to realize that most crypto projects that promise Investors excessive returns on their Investment eventually turn out to be scam.

I once participated in a a certain project that was giving Investors about 5 times (5×) bonus during their presale. The team kept postponing the exchange listing date until everybody got tired of them and realized that, it was a scam project.

This really often happens. Many investors are trapped with the high bonus of pre-sale with under price. However, many kinds of those projects are as you said. Moreover, even if they are listing their tokens, they are living in a small exchange or even in a non-trusted and reputable exchange. Additionally, some of the projects always postpone the time for listing and end to be never listed in any exchange. The developers then run away and leave the investors. This always happens but there are still many people who become the victims. Commonly, projects that promise big things too good to be true will always end as scams.

Topic: High Profit Projects Are Prone To Scam - page 4. (Read 1257 times)