How do I know legit and scam investment? - page 3.

Ahli38

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Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

How to indicate scam /fraud or not is quite difficult nowadays. because the fraudsters/scammer have developed to become more reliable.
So the way to analyze it is enough with "we really need to know the real identity of a person or company that we are going to invest in".

However, today's identity is easy to fake.

but as long as we want to try to dig deeper into the related information. then it can minimize us being deceived in the future.

Quote from: martina14 on January 01, 2022, 09:44:20 PM

Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

In terms of the exchange here in the cryptocurrency that's hard to know dude, but to make sure it is one of the legit one always use the platform exchange in which they are listed on top just like at the coinmarketcap and coingecko is one of the good for this matter. now in terms of choosing projects, always check their whitepaper if they don't have it, avoid it and ignore something like that.

I agree with your opinion.

But for extra.
We must identify who is behind the project we will enter into to invest.

Now a lot of tokens/coins have been registered with CMC and CG but it turns out they are scammers.

Because I experienced it several times.

I invest in coins that have been released in CMC and CG but it turns out that the owner of the coin withdraws liquidity or someone sells the coin on a large scale so that the price drops drastically.

Then make sure who owns the project. and the background of the project owner.

[moderator's note: consecutive posts merged]

martina14

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Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

In terms of the exchange here in the cryptocurrency that's hard to know dude, but to make sure it is one of the legit one always use the platform exchange in which they are listed on top just like at the coinmarketcap and coingecko is one of the good for this matter. now in terms of choosing projects, always check their whitepaper if they don't have it, avoid it and ignore something like that.

boyptc

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Quote from: Kelvinid on December 31, 2021, 02:29:04 PM

The only way to help us to identify if that project is a scam or legit is to do searching. But some are very careful to hide who really they are and we just get surprised that they turn into an exit scam. Although we could think that searching never gives 100% assurance, well, that seems right but at least, we do something that could help us to warn ourselves. But in the case like I've mentioned (exit scam), that really be our unlucky day to choose such a project that are/is worthless and untrusted developers.

This is the only way.

@OP, there's no short cuts in knowing what are the scams because these days they seem look legitimate too. That's why you have to be curious at most time and add precaution with any of them that you're interested in.

Quote from: BuNga_cute on December 31, 2021, 09:50:47 PM

Actually, collecting information from various sources helps us to determine which projects are good for investment.

Yeah, it's the reason why DYOR is mighty.

redsun114

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Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

No matter how good a scam might look, someone who would find out will always find out. I do see a lot of them like every day, and they might pretend to be legit and try to look like one, but at the end I still find out they are not legit. It’s just all about you knowing the strategies that are being used by these scammers every time, and also you have to know the things that you are to be looking out for.

You started like in general scam and legit but while finishing up your post you sound like you are looking for a legit crypto exchange and in my experience, you can easily find one and I guess binance must be an obvious choice for most people here.

BuNga_cute

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Quote from: stadus on December 31, 2021, 04:35:13 PM

Quote from: ?? on ??

Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

This will only serve to a new project because if you don’t want to get scammed, you can go for the good projects that are already out in the market. There’s a lot of factors to be consider when analyzing a project, this may take time to analyze but at least you can have the assurance that the project is legit once you analyze it properly. You can always ask here if the project is legit or not, many will help.

Well, raising the thread and asking the members in the forum is definitely a big help not to fall in scam projects. But you also need to do your part through engaging in a deep research so you will know if the project itself is legit or a little bit suspicious like a scam one. If you are seeing some faults in it, then decide not to invest in it so you can save your money and time. After all, if you are knowledgeable particularly for new projects, then its hard to choose which is legit or not.

Actually, collecting information from various sources helps us to determine which projects are good for investment. So don't be in a hurry to be
interested in investing because team projects promise big profits, because scammers will do various ways to attract investors. My advice is always
to avoid projects that promise something too good to be true. Especially now that scammers are getting smarter in committing fraud, even some of
the scam projects that I found look very legit. So it's not easy to determine which project is legit right now, so when we find something suspicious,
even the slightest, it can be a consideration for us to leave the project. We better play it safe, by choosing projects that we really believe that
the projects are legit.

24Kt

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Quote from: LastKiss on December 31, 2021, 06:44:34 PM

Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

Well, many scammers give us good returns just in a few days while a good investment will give us a normal return except in trading where you can get 5x in return in a week. Always do some research before you invest in a project, its roadmap, the team, its utilities, and many more. Dont let new people who enter the investment world get scammed from scammers because when they got scammed they will be afraid to invest again.

This is true. If they are offering too-good-to-be-true ROI, doubt the legitimacy of the project. Because if they are generous at the beginning, they may be planning something. Like attracting naive investors and later on, they will disappear. Also, it is hard to identify at the early stage of the project as they still need to establish their platform. So if you want a better security, just invest in long running projects like ETH or BNB. Because you know for sure they are not a scam. Some are into new projects for the hope of high profits, but you have no assurance that they will survive.

LastKiss

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Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

Well, many scammers give us good returns just in a few days while a good investment will give us a normal return except in trading where you can get 5x in return in a week. Always do some research before you invest in a project, its roadmap, the team, its utilities, and many more. Dont let new people who enter the investment world get scammed from scammers because when they got scammed they will be afraid to invest again.

Hypnosis00

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Quote from: Kelvinid on December 31, 2021, 02:29:04 PM

The only way to help us to identify if that project is a scam or legit is to do searching. But some are very careful to hide who really they are and we just get surprised that they turn into an exit scam. Although we could think that searching never gives 100% assurance, well, that seems right but at least, we do something that could help us to warn ourselves. But in the case like I've mentioned (exit scam), that really be our unlucky day to choose such a project that are/is worthless and untrusted developers.

You are right. Making a good research does not guarantee that we will not be scam anymore. I think being scammed is inevitable but we can still do things to prevent ourselves from not falling from it. But if its happening already, then we can't do nothing about it but to learn from it and be more cautious every time we invest in new projects. I think being scammed once or twice is still acceptable, but beyond that already means that you are not good enough as an investor. Give yourself a time to grow and keep learning.

To keep ourselves aware of the current situation will help us to know what is legit and what is a scam investment. It is all about learning from our experience, as the more we engage on the market, having spare time doing research, the more we become knowledgeable enough. And this will guarantee that it saves from falling into the wrong investment but having it right. We can't just be reliant on others but rather have our own investigation, which certainly lies on us and we make choice to what project we invested in after doing this.

stadus

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Quote from: ?? on ??

Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

This will only serve to a new project because if you don’t want to get scammed, you can go for the good projects that are already out in the market. There’s a lot of factors to be consider when analyzing a project, this may take time to analyze but at least you can have the assurance that the project is legit once you analyze it properly. You can always ask here if the project is legit or not, many will help.

Well, raising the thread and asking the members in the forum is definitely a big help not to fall in scam projects. But you also need to do your part through engaging in a deep research so you will know if the project itself is legit or a little bit suspicious like a scam one. If you are seeing some faults in it, then decide not to invest in it so you can save your money and time. After all, if you are knowledgeable particularly for new projects, then its hard to choose which is legit or not.

Kelvinid

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The only way to help us to identify if that project is a scam or legit is to do searching. But some are very careful to hide who really they are and we just get surprised that they turn into an exit scam. Although we could think that searching never gives 100% assurance, well, that seems right but at least, we do something that could help us to warn ourselves. But in the case like I've mentioned (exit scam), that really be our unlucky day to choose such a project that are/is worthless and untrusted developers.

jaberwock

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Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.

Over gaining experience on this crypto space, you could get enough knowledge to deal against scams to save yourself from all such scammy traps. It will happen only when you are open to learn. People who never spend time on forum like this cannot learn the life's important lessons but may get scammed more frequently.

Quote from: Richycryp on December 29, 2021, 11:38:05 AM

We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

Do you mean that trading company means crypto exchanges? Or anything else? What kind of differences that you are looking for? I guess you must add more information on this.

AakZaki

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In-depth research is important to be able to find out legitimate investments and scam investments.
Seeing in terms of real teams, whitepapers and clear frameworks and how much we will get when we invest. an unreasonable amount will be suspicious, as well as an unreal team and just plagiarizing all existing projects.
Be more vigilant and thorough before investing, because the more investment projects there are, the more scams there will be.

mindrust

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Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

Here is a quick guide:

> If you are getting poor by holding it, it is a scam. If holding it makes you rich, then it is legit. Grin

Tbh most of the projects are scams. If I had to throw a number, I'd say 999 out of 1000 are scams.

Most people see doge as a scam but that didn't stop doge from making a huge moon shot. It made lots of people rich in the end. ShibaInu is a lot newer than Doge and it is as big as doge now. Lots of people think it is a scam too but still it made lots of people rich.

Investing in a scam don't always mean you are making a bad move. Lots of legit projects died. Look where namecoin is at. You won't find it. Maybe on the 9th page of CMC at the 850th spot Cool

That was a legit shitcoin once.

The Cryptovator

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Just don't be greedy then you will be safe from a lot of scams. Don't look for something free, then you will safe from many scams. Although definitions of the scam are the same but way is different. So you should be updated on time. There aren't strict rules to prevent scams, because scammers always break rules. If you ask me, all kinda investments online are likely scams. Staking in a reputed platform is different, it's staking not investment. Otherwise, I can't see a profitable investment platform over the internet. Rather than play with your funds by trading would help gain some profit or lose it as well.

Kasabus

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Quote from: nurilham on December 31, 2021, 10:36:02 AM

There are a lot of scams here so if we are wrong to take steps then it will plunge us into losses. They provide various attractive offers to attract investors. it is difficult to determine whether an investment project is a scam or not but on the other hand we can learn to choose a good project by understanding the project itself. in the sense that we understand the concept, the team and also the development of a project. Only then can we decide whether the investment project is worth following or not.

The risk is always at the new projects in the market since most that are arising today are scams. And they look like legit projects in the first place so its really hard for us not to fall for them. But if we create good analysis and a thorough research on the project and the staff behind it, we can see differences between a scam and a legit project. This is the advantage of having a full knowledge on the project because you'll come to uncover its faults. And only then you can avoid falling from scam projects.

nurilham

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There are a lot of scams here so if we are wrong to take steps then it will plunge us into losses. They provide various attractive offers to attract investors. it is difficult to determine whether an investment project is a scam or not but on the other hand we can learn to choose a good project by understanding the project itself. in the sense that we understand the concept, the team and also the development of a project. Only then can we decide whether the investment project is worth following or not.

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Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.

Those who have been a victim before is unlikely to be a victim again by the same scam. If ever that person becomes a victim again, he doesn't learn from his experiences and still aims to earn fast money with these projects. There's no need to know about a trading company because if you're talking about it and like a brokerage, many of the scammers are hiding into that form for which that you should avoid most of them.

Quote from: Richycryp on December 29, 2021, 11:38:05 AM

Do you really know the difference?

At least for the obvious scams that are asking you to deposit this xx amount and then promising you a guarantee and exact amount.

Reid

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My experience is I don't know if I should line them up with other scams. Most of my investments before didn't hit the soft cap so they need to stop their campaign and closing all the connections from presale buyers. Maybe it's a scam or maybe they just also want their money back. I don't know. Maybe I am a little soft about it.
So how could you tell. First, the true scammers are obvious especially those who don't really know what they are doing. But, those who knows how to manipulate people and to look like they are legitimate business, you cannot tell. Check the team behind it. That's what I always do first.
The project. Is it to good to be true? Their offers on early birds. Are they giving away too much bonus? Good luck.

AicecreaME

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It's hard actually to tell which project is a scam or not to be honest.

But what I'm always doing is first I will always check their whitepaper, scam projects will always have a plagiarized whitepaper. Next would be their website, I will check which companies or people they are in partnership with, scam projects would have fake reviews of fake people as well in their website. Also, fake projects would always be going too good to be be true.

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Quote from: Richycryp on December 29, 2021, 11:38:05 AM

I have come to realize that most of the real investment do look like scam. meanwhile the scam looks like the real once,50 percent of us here have been scammed in one way or the other, But still yet we call ourselves good investors meanwhile we are investing into the wrong company.We really need to know the good and real trading company because they are all like the scam.Do you really know the difference?

Yes, this is true, many projects are now engaged in fraud. The main thing for an investor is to withdraw money on time, when the project is launched, unless, of course, the project is launched, then it will not be possible to withdraw money from anywhere.

Topic: How do I know legit and scam investment? - page 3. (Read 620 times)