How do I know if an altcoin is a scam? - page 7.

jajorforce

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Quote from: LemonMaker on June 09, 2021, 03:04:35 AM

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

It is still possible to earn 100 times profit from the trusted old altcoins. I lost some money even after a good exchange listed. We need a little time to know the legit admin, so we should leave some time to build something interesting. Even we shouldn't trust high volume altcoins only after a few months trade exon exchange.

CaVO32

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Quote from: kevindjunaidi on July 17, 2021, 06:39:24 PM

Quote from: LemonMaker on June 09, 2021, 03:04:35 AM

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

if I personally do research first and never invest in a new altcoin, then the research I do to find out if altcoin is a scam or not is,
1. in recent months the project has progress
2. altcoin have quality and useful product for the future
3. the team is always active in providing information about the project
4. project according to roadmap and whitepaper
5. the team always keeps promises

Also, if you are in doubt, better not to invest funds on them yet. Let them do their part first, like, if they can implement the tasks laid out on their roadmap. Or let them develop first their platform to be up and running. Because most of the time, the team are only good in talks but you can't see them progress in terms of implementation of their roadmap. Even if the team doxxed their ownership, which is the trend these days, that's not an assurance that they will not rug pull. They know their contract or their project itself, and they can easily manipulate what needs to be done if in case they wanted to disappear after getting some money.

kevindjunaidi

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👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

Quote from: LemonMaker on June 09, 2021, 03:04:35 AM

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

if I personally do research first and never invest in a new altcoin, then the research I do to find out if altcoin is a scam or not is,
1. in recent months the project has progress
2. altcoin have quality and useful product for the future
3. the team is always active in providing information about the project
4. project according to roadmap and whitepaper
5. the team always keeps promises

marissa23

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Merit: 101

Quote from: indo1 on June 09, 2021, 05:40:41 AM

It can't be fully precised, but you can do research, scam projects also have characteristics, such as no seriousness in project development, teams with no profile picture, minimal information, too closed.

Many indications of scam projects include poor web graphics, not much information about telegrams, bad project whitepapers, and even plagiarism results. The more you know the indications of a scam project, the more than 60% accuracy of the analysis is right for new projects.

deathcode

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Eloncoin.org - Mars, here we come!

Quote from: ?? on ??

Don't trust a new project that gives a statement or excessive lure because it's clearly a scam. what we need to know now is how the team and the coin are performing in the market whether it has a good development or is it just hype

especially for ICO projects that offer huge discounts on their initial sales.
I laugh at some of the current new projects that give birth to new tokens and then trade them without any real projects supporting them.
trades are manipulated by those who are part of their own team. then they disseminate information through social media with attractive graphics.

adzino

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www.Crypto.Games: Multiple coins, multiple games

You will know if its a shit/scam coin if you study about the coin a little. Most of the shit coins are just a clone of another well developed coin with a different name. They even copy the whole whitepaper and just makes some small changes over there. Some of the coins will make no sense at all. You will also notice most of the projects will have fake team members and community. They will keep on trying to shill for the coins. Another way to know that its a shit coin is by looking at the charts. You will see that they usually get pumped and dumped at regular intervals. Stay away from those.

Woodie

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Rollbit.com ⚔️Crypto Futures

If you are quite exposed with altcoin projects and have the technical know how, you could go through the white paper proof read it for any plagiarism, if you find it alert everyone to avoid orhwrs from being scammed!

Sometimes a simple Google search on reviews about a project can reveal so much which should help you make the call it its legit or not, just don't fall for the hype people are paid to paint a picture a project is promising.

magnum cyber

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Activity: 775

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Sometimes we are interested in the token booster when we want to enter the LP, but if we choose the wrong altcoin, of course all of our assets can be lost without the nominal listed when the LP has been opened, so we better re-examine the token with some tools available on the web as well as some of the websites that have been mentioned in this thread, of course it is very helpful for those of us who are involved in LP farming.

Golftech

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Quote from: cunguks on July 17, 2021, 09:25:01 AM

Quote from: sgenuine on July 17, 2021, 09:12:41 AM

Unfortunately, you can’t be completely sure that the altcoin you are going to invest in is safe. Moreover, if it is a new one. But as you have said about LP, I can guess that it is a token of defi project. So the steps you definitely need to take before investing are investigating the idea and docs, then an overview of the team and also you should see if any “whales” are going to invest in it.

Honestly, never trust a project like that. eventually, there will be a regret.
after all, anything new project like that will just attract market hype and then they walk away with the profits. leave them far if you still want to stick with your money. because some assets and projects are more feasible for us to choose from.

Always a case of those new hypes projects, they been pumped by whales or pump and dump group

used as tool to attract interest from their prospect victims, if you want to take the risk much better

to focus with invetigating the team first and see if there's real use for the project in the long run.

RokokGudangGaram

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Quote from: Maslate on July 17, 2021, 09:59:48 AM

Quote from: cunguks on July 17, 2021, 09:25:01 AM

Honestly, never trust a project like that. eventually, there will be a regret.
after all, anything new project like that will just attract market hype and then they walk away with the profits. leave them far if you still want to stick with your money. because some assets and projects are more feasible for us to choose from.

It is very simple to choose which one is profitable and sustainable coin the market. They are a lot of them, actually. Only we need to keep them rather than looking for other potential coins which we are not sure about. For we are about surrounded by scams and fake projects, the more careful we are going to choose of what project we invested as this can be final and no way we can get our money back once we fall into scam projects.

It is wiser to stick and choose the sustainable coins that have been in the market for the long time rather than going into the new hyped ones. By doing so, you are choosing those that are with reliable background which can give a stable profit in the right time. Also, following what the majority or even the whale are going after is dangerous because it can be just that they are taking advantage of luring people into a shit coin then leave it after they got what they want.

Geeenz

newbie

Activity: 17

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One thing if the altcoin is a scam. First to check their team if new to crypto or not.. Second , fake website of their project or poor whitepaper, Lastly, is the token sale of the project, then you can say its a scam.

Maslate

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Message @Hhampuz if you are looking for a CM!

Quote from: cunguks on July 17, 2021, 09:25:01 AM

Quote from: sgenuine on July 17, 2021, 09:12:41 AM

Unfortunately, you can’t be completely sure that the altcoin you are going to invest in is safe. Moreover, if it is a new one. But as you have said about LP, I can guess that it is a token of defi project. So the steps you definitely need to take before investing are investigating the idea and docs, then an overview of the team and also you should see if any “whales” are going to invest in it.

Honestly, never trust a project like that. eventually, there will be a regret.
after all, anything new project like that will just attract market hype and then they walk away with the profits. leave them far if you still want to stick with your money. because some assets and projects are more feasible for us to choose from.

It is very simple to choose which one is profitable and sustainable coin the market. They are a lot of them, actually. Only we need to keep them rather than looking for other potential coins which we are not sure about. For we are about surrounded by scams and fake projects, the more careful we are going to choose of what project we invested as this can be final and no way we can get our money back once we fall into scam projects.

cunguks

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Activity: 854

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Polkadog - Multi-Chain Defi Meme

Quote from: sgenuine on July 17, 2021, 09:12:41 AM

Unfortunately, you can’t be completely sure that the altcoin you are going to invest in is safe. Moreover, if it is a new one. But as you have said about LP, I can guess that it is a token of defi project. So the steps you definitely need to take before investing are investigating the idea and docs, then an overview of the team and also you should see if any “whales” are going to invest in it.

Honestly, never trust a project like that. eventually, there will be a regret.
after all, anything new project like that will just attract market hype and then they walk away with the profits. leave them far if you still want to stick with your money. because some assets and projects are more feasible for us to choose from.

sgenuine

full member

Activity: 854

Merit: 103

Unfortunately, you can’t be completely sure that the altcoin you are going to invest in is safe. Moreover, if it is a new one. But as you have said about LP, I can guess that it is a token of defi project. So the steps you definitely need to take before investing are investigating the idea and docs, then an overview of the team and also you should see if any “whales” are going to invest in it.

coin-investor

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Leading Crypto Sports Betting & Casino Platform

Quote from: LemonMaker on June 09, 2021, 03:04:35 AM

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

When in doubt don't, but if you are asking about what to look for if the project is legit it should be transparency and the developers are capable of bringing to reality what's in their roadmap, it's also important that they are honest and continuously updating their supporters and investors, but I would like to remind you even if all these all elements are here, there's a possibility that the project can become shitcoin.

Wong Gendheng

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Quote from: LemonMaker on June 09, 2021, 03:04:35 AM

Hello, I'm new here and I wanted to ask something I've been confused about for a few days.

I recently got into an altcoin (called startup boost token) and the devs are doxxed and presale LP locked, they claim to have live use case and all.

I want to know how I can determine / what kind of questions I should be asking to know if its a real 100x token? Any advice?

I've benefited a lot by always viewing the Scam accusations in sub forum here: https://bitcointalk.org/index.php?board=83.0

A lot of expert advice is there that can make us avoid scam projects, if in doubt about a scam project or not I suggest asking directly there.

ansarose1

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I think it is necessary to research about that altcoin and the team staffs involved on the said altcoin project. The project would be scam if the team has no transparency such that, the team is fake and the members are fraudsters that uses plagiarized whitepaper. That is only i think for a concrete scam project. So if the team staffs are fake people and are fraudsters, mark them whenever they build another project its a scam thing again for sure.

_MrTuyul404

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first, you have to Get to Know the Team
second, Pore Over the White Paper
third, Look to the Token Sale
Fourth, Exercise Caution
these four steps are my way to avoid scams

enawati

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Activity: 574

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https://adonx.one

Too many new tokens created by using smart contract platform, and many of them just copy others project. To invest in low cap coin/gems is better doing more research and spend more time to looking for the review from trusted influencer. Use small amount to buy this kind of tokens because too risky and use bigger portfolio to buy medium or high cap coins that already listed on most popular exchanges, like Binance. To gain high profit from crypto, I prefer doing compounding than buy new tokens with small cap.

NicNacCoin

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Activity: 1344

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Hey guys, it's very difficult to identify a project scam but some important sign can you help for identifying scam projects. A scam project which have no definite whitepaper, technical paper, roadmap and team management. They have poor communication community. They try to plagiarism another whitepaper information.

Topic: How do I know if an altcoin is a scam? - page 7. (Read 2341 times)