Actually, from the offer, it can be seen that we are really careful because in any case promising x5 or more at the beginning is really worth asking why they say so confidently about this.
I think it can be used as a lesson and try to avoid things like this because it's just a waste of time really. Reasons like this are too classic to be made and we are still too naive because we consider this as one of the truths without paying attention to the worst possibility that will happen.
Topic: High Profit Projects Are Prone To Scam - page 7. (Read 1249 times)
Projects that offer high ROI are pretty clear they will end up being scammed as well as projects that offer large APYs, in the end, the token is worthless and the project owner runs away with investors' money.
It's a shame that there are still many people who are preoccupied with new projects on pre-sales, they always want high returns, on the other hand, they never think about how big risks are ready to be waiting for you to lose your money, no matter how smart you do this research, it will be very difficult now to find a good project, essentially leaving the new project behind and switching to a coin that is already on the market with a large market cap.
It's a shame that there are still many people who are preoccupied with new projects on pre-sales, they always want high returns, on the other hand, they never think about how big risks are ready to be waiting for you to lose your money, no matter how smart you do this research, it will be very difficult now to find a good project, essentially leaving the new project behind and switching to a coin that is already on the market with a large market cap.
You are right, about 99% of projects that promised high returns always end up a scam but one project proved me wrong two years ago, that's HEX, the learn of the day is whenever a project promised high returns it won't cost a thing to just check the project out first.
The promised returns might be on a fact about how rare the project utility is, those who knows how HEX works will understand better.
Do not confuse this with high APY and insane daily returns that some projects promises, I am only talking about good utilities only.
The promised returns might be on a fact about how rare the project utility is, those who knows how HEX works will understand better.
Do not confuse this with high APY and insane daily returns that some projects promises, I am only talking about good utilities only.
Also too high discounts during presale make it similar to pyramid scam, where early investors would just supposedly make more. Or they could just dump everything 2x on top of other investors. How does that make any sense in any form of investing?
Yeah the high yield projects. Pretty much scams only. They want quick attention of investors and want to get lot of deposits into their wallets in exchange of those fake tokens. This type of scam is not new really. This has been around since very long. There was era of ICO when users were lured into the projects very quickly as they had impression of high returns and also at that time the boom was at another level. It’s always better to play slow but play steady. Rule of thumb, you can earn higher profits that way with least risk.
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.
You are right that there are many cryptocurrency projects that turn out to be scams. This is because cryptocurrencies are still a relatively new and not always organized environment. This allows some people to take advantage of inexperienced or unscrupulous investors. To avoid getting caught up in this scam, always do your own research on cryptocurrency projects before making any investment decisions. Never invest money you can't afford to lose and never buy cryptocurrency from an untrustworthy or untrusted seller. 
1. So as a new trader, it is always important to do your own research before any Investment with any upcoming crypto project.
Its normal to have bonuses or additional perks or tokens when you join the early rounds. This is an incentive to them actually but it doesnt mean a solid profit or guaranteed income.
Also joining a project must have a deeper research about it and dont invest too much money on a start up, cause who knows if that will really materialize or success in the end. Always be cautious.
Also joining a project must have a deeper research about it and dont invest too much money on a start up, cause who knows if that will really materialize or success in the end. Always be cautious.
You are very correct, some may not appear as a scam from the way they operate but indirectly, they will take away your investment without you knowing or should I say recognizing that you are being scammed.
Often times those high-profit projects will re-adjust their high reward offers and leave investors to earn peanuts at the end, the best bet is to avoid them completely.
Often times those high-profit projects will re-adjust their high reward offers and leave investors to earn peanuts at the end, the best bet is to avoid them completely.
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?
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?
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?
As we have a saying here, it if it too good to be true, then probably is.
Who would be in their right frame of mind give investors 5x, so given that they can do it, what do you think will happen to the project? So yeah, it's really very important to check everything first specially if you are a newbie, see what this project are offering because with huge returns? it's sort of sketchy.
DYOR, invest what you can afford to lose as you have said and just simply used our logical thinking.
A scam scheme is not significantly different from the old ways before cryptocurrencies evolve, a method that was already being used to scam is only merely incorporated with cryptocurrency.
There is a few methods that use cryptocurrency technical stuff to practise scam, and it does works. Some scammers also get the benefit of the pseudonymous nature of cryptocurrencies so they might get away easily. But still, there are characteristics that are already known used for scams, like giving a sense of urgency, etc. Which is a basic red flag when dealing with anything online.
My point is that scam techniques keep evolving, in addition, it might due to technological progression. Almost likely, a known scam method for ages, being polished with a shade of new fancy things, like in this case cryptocurrency, which makes some people forget that such claim is absurd.
There is a few methods that use cryptocurrency technical stuff to practise scam, and it does works. Some scammers also get the benefit of the pseudonymous nature of cryptocurrencies so they might get away easily. But still, there are characteristics that are already known used for scams, like giving a sense of urgency, etc. Which is a basic red flag when dealing with anything online.
My point is that scam techniques keep evolving, in addition, it might due to technological progression. Almost likely, a known scam method for ages, being polished with a shade of new fancy things, like in this case cryptocurrency, which makes some people forget that such claim is absurd.
Try to avoid cryptocurrency projects that promise returns? More like totally avoid projects that promise returns; regardless if the claimed returns are excessive or not.
Exactly, I think profit making should depend on project quality and market condition.
Gauge and know the difference of realistic and unrealistic rewards. If it is too much and is not in line with the market behavior, expect for risks on engaging into it. Well, there are still high paying projects both as an investment and campaign. But when it comes on high paying projects, only a few are legitimate. If you would be able to observe few projects nowadays succeed. In contrast with the situation years from the past. Ofcourse there are chances that a project is really that great but always check if the informations they are using; from promotion to public sale, are also real. There are many instances scam projects are manipulating promotional informations and you better be cautious of it.
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.
As you already said, it is just not possible for a financial project to be sustainable if they are offering stupidly high APY's. I mean it is also relatively simple mathematics that it can not really work out if a project is paying interests of 1000% per year or even more to their stakers. That projects like this can not last long should be clear to everyone that is able to think logically no matter if they are completely new to the crypto world or not. Also i suspect a lot of those projects are created with the intention already to only last a few days or weeks. The team and the very early investors make a huge profit that way but everyone that is joining to late will lose almost everything.
It's good when you finally realize that projects that promise high returns will not always deliver. Many new projects say that their project is the best that will provide the greatest profit for investors. But with time, we will find that what they say is false and only want to deceive investors.
As new traders, we are required to be able to learn to analyze every project that we want to use as an investment so that that project won't fool us. Even if you can gather a lot of information, it doesn't guarantee that the project will run successfully because a lot of it has turned out to be a scam. And I agreed to invest the money we can afford to lose so that we don't lose more money if the project proves fraudulent.
As new traders, we are required to be able to learn to analyze every project that we want to use as an investment so that that project won't fool us. Even if you can gather a lot of information, it doesn't guarantee that the project will run successfully because a lot of it has turned out to be a scam. And I agreed to invest the money we can afford to lose so that we don't lose more money if the project proves fraudulent.
Try to avoid cryptocurrency projects that promise returns? More like totally avoid projects that promise returns; regardless if the claimed returns are excessive or not.
Perhaps, it was a broken promise and mostly it happens in new projects during their pre-sale. Well, greedy people could think they become rich if that will happen without thinking of the possible scam in the end. Unfortunately, this always happens,s and many people got fooled and lose their money despite several warnings spread to the forum in regards to scam tricks, they still ignore it until such time it arrives.
Like to say X1000 ROI from early investors when staking. It is really tempting...I can really feel it because I've once been a victim of this trick before. And it was not stopped because many people remain ignorant.
Like to say X1000 ROI from early investors when staking. It is really tempting...I can really feel it because I've once been a victim of this trick before. And it was not stopped because many people remain ignorant.
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?
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?
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