How do I know legit and scam investment? - page 4.

iv4n

legendary

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Quote from: Fatunad on December 31, 2021, 12:58:22 AM

Too good to be true
Fast ROI
Fast way on getting rich
Easiest money making

These are the common indicators on which you could really say that you are dealing with a scam. Dont make yourself get fooled or let your greediness inside you
would take over or would control you because that would really be a big problem if you do that.

Research and be wise on taking decisions because once you do make a mistake then that would surely cost you.

I agree with you, we always come back on those common and simple indicators, too good to be true and fast ROI! Probably it's greediness that makes us believe in something that can make us rich in the short run, and I guess all of us made a mistake or two when we started investing and learning about the markets! Definitely, people shouldn't allow being fooled with big promises, and people should never trust something with all their money... careful approach, research, and thinking before making a decision is what can keep us safe and give us more chances for making a profit!

doomloop

hero member

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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?

To find a legit trading company is not a big deal. You can easily find them in this crypto space with the help of bitcointalk forum (please not trading company only for cryptocurrency trading and not for forex trading or similar to).

You can find crypto exchanges which are providing active support from these sub:
Service Announcements.
Exchanges.

Outside this forum, you can use coinmarketcap for that: here is the direct link:
https://coinmarketcap.com/rankings/exchanges.

Personally I am using binance and bittrex; both must need KYC clearing. If you want to KYC free exchange means then you can go for kucoin. Avoid exchanges which are having open scam accusations.

adaseb

legendary

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Crypto lately has been in the main stream and as a result there are tons of scams due to it. And most of the scams are pretty obvious but people keep falling for them.

Nobody wants to buy Bitcoin because you won’t get rich off Bitcoin anymore. Even if it eventually does hit $100K it’s only 100% gains. And that’s if it hits $100K which could be never or in a few years.

The obvious scams like Floki or Shiba inu are pump and dumps pretty much. And there are many ponzi which claim 10% profit a day, which is also a very obvious scam but people keep falling for it.

Fatunad

sr. member

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Quote from: lienfaye on December 30, 2021, 09:29:13 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?

Usually scam projects has a too good to be true offer that makes people dive into it for believing it is legit (majority of these investors are either lacking of knowledge or greedy).

Thus, to avoid the scam investment we need to do an extensive research before investing, much better to not invest if you dont know what you're getting into.

We're going to invest our hard-earned money so its better to be careful to avoid becoming a victim of scammers.

Too good to be true
Fast ROI
Fast way on getting rich
Easiest money making

These are the common indicators on which you could really say that you are dealing with a scam. Dont make yourself get fooled or let your greediness inside you
would take over or would control you because that would really be a big problem if you do that.

Research and be wise on taking decisions because once you do make a mistake then that would surely cost you.

lienfaye

hero member

Activity: 3024

Merit: 629

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?

Usually scam projects has a too good to be true offer that makes people dive into it for believing it is legit (majority of these investors are either lacking of knowledge or greedy).

Thus, to avoid the scam investment we need to do an extensive research before investing, much better to not invest if you dont know what you're getting into.

We're going to invest our hard-earned money so its better to be careful to avoid becoming a victim of scammers.

adzino

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www.Crypto.Games: Multiple coins, multiple games

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?

If the real investment looks like scam, then it is very highly likely a scam. Something that is legit should never look sketchy. It shouldn't because they wouldn't be hiding anything and they will have full transparency. And no. The scams doesn't look "legit" if you dig deep into those offers/investments/platforms. There is always something that should trigger the scam alert in you. Just do proper research. If they offer something that is too good to be true, then are very highly likely trying to scam you. So avoid them. The only way to know the difference is to use your common sense.

Vaculin

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Winding down.

Quote from: Smartvirus on December 30, 2021, 04:35:37 PM

Legit and scam investments are always subject to onces judgment. In a few instances, you could be wrong but other times, could be right too. One thing you should know is, scamming comes in various forms but, a few have been noted to have some similarities not limited to huge returns with even the smallest of investment capital and over a short time frame too. Once you come across things like this, be scared already. Most times, they approach you and not you getting to find out about them, they've got no reputation to reference with and are always in a hurry for you to invest with them. Just shy away or risk loosing your funds.

If you see suspicious acts on the team behind like they are pushing you to invest your money and they offer huge ROI that is too good to be true, then better stay away from it. Its one of those signs that you are in a wrong and scam investment. However, identifying a legit project is sometimes quite hard too as most of the legit ones look like scams, and scams look even more legit. So its better not to make instant decisions, but research first and create a background analysis on the project you wish to invest. Be careful too not to fall for the tricks of the team behind the project because i'm sure they have become smarter on scamming people as the years pass by.

Smartvirus

legendary

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Legit and scam investments are always subject to onces judgment. In a few instances, you could be wrong but other times, could be right too. One thing you should know is, scamming comes in various forms but, a few have been noted to have some similarities not limited to huge returns with even the smallest of investment capital and over a short time frame too. Once you come across things like this, be scared already. Most times, they approach you and not you getting to find out about them, they've got no reputation to reference with and are always in a hurry for you to invest with them. Just shy away or risk loosing your funds.

wxa7115

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Bitcoin is GOD

Quote from: hyudien on December 29, 2021, 01:36:41 PM

Ensuring completely that the project is a scam or not is hard enough, experience will take you one day to find out. Studying their non-plagiarizing legacy of white papers, their unsuspecting social media, in the sense that the latest meme coin has shown how rampant scam projects are. Maybe you can learn from how they cheat and ask you to join the pre-sale but you find a lot of gaffes. Well, I always try to research it myself, although not 100% sure. But every time I avoid a project then at least I reduce the losses in investing.

It depends, there are many projects which can be easily identified as a scam in a matter of seconds, for example any project that promises that you will make profits with them is a scam, after all there are no guarantees in the markets that something could become profitable as the number of factors that decide this are infinite, and no one can analyze them all.

However there are scammers that are able to hide their tracks and it is more difficult to demonstrate that their project is a scam, which is why it is better to avoid new coins entirely as most scams due to their nature do not last for a long time before they collapse.

el kaka22

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www.Crypto.Games: Multiple coins, multiple games

The best method is to not risk it at all. If you are not sure about it, then it is not worth it at all. I mean why would you risk your money on an investment that has a chance to be a scam? I personally invest only into things that I know not to be a scam, that way I never get scammed. We all know investing by buying bitcoin will not turn out to be a scam, do it on a website like binance or coinbase and you won't be getting scammed. Buying eth, ltc, bnb or whatever at the top.

This is the way to make sure that you do not lose money and you are not getting scammed. Plus, they are great projects for the long term as well, meaning if you end up holding them as long as you can then it means that you are going to profit from it a lot. It may not look like it as of right now, but these are all the good coins that you could make a lot of profit from in a few years.

pawanjain

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Nothing lasts forever

Keep reading various kind of scams and hacks on the internet and you will find out how to identify an obvious scam.
Anything that is too good to be true is an obvious scam. Some scams are hard to find out and you have to trust your gut feeling for that.
You need to have a scammers mind to identify a scam. The best way to stay safe is to invest only in fully trusted assets.
For example: Instead of investing in new coins invest in established coins like BTC, ETH, BNB, SOL etc...

BitcoinAccepted

legendary

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Quote from: barbara44 on December 30, 2021, 10:26:40 AM

Not just 50%, I am afraid about 90% of crypto people's security against scammers. Because, these days, scammers are too smart to make themselves up to look like legit.

You cannot distinguish between legit and scams easily hence you got only few methods to safeguard you against scams:
1. Stay only with bitcoin investments. Ignore all other investment opportunity.
2. Create your own investment opportunities and run a legit business.
3. Follow the basics of investment principles:
a. Diversify your investments: as you say you may invest 50% into legit even other half get scammed.
b. Invest only your excess amount and not the committed money.

Agreed. It is as if scammers are getting better day by day in finding ways to execute their schemes. I second these methods in safeguarding oneself against scams. While it is true that it is through research that one ca distinguish scams form legit projects, it is something that must be done thoroughly and in different aspects like the team, concept, products, marketing, reward system, or even those people who had experience with such before you, plus a lot more matter that concerns any legitimacy subject.

barbara44

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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?

Not just 50%, I am afraid about 90% of crypto people's security against scammers. Because, these days, scammers are too smart to make themselves up to look like legit.

You cannot distinguish between legit and scams easily hence you got only few methods to safeguard you against scams:
1. Stay only with bitcoin investments. Ignore all other investment opportunity.
2. Create your own investment opportunities and run a legit business.
3. Follow the basics of investment principles:
a. Diversify your investments: as you say you may invest 50% into legit even other half get scammed.
b. Invest only your excess amount and not the committed money.

freedomgo

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Playbet.io - Crypto Casino and Sportsbook

Quote from: checkmatesir on December 30, 2021, 08:49:37 AM

It is actually hard to find about the scam as you know very well that if one project launch then everyone want to start investing in it and with the passage of time the number of users of that project increases so you cannot find that weather it is scam or not. But if certain project asked for more money then you can realize that it will be scam. In cryptocurrency there are certain projects that are scam and you invest in these project and lose your capital as you do not know about its scam.

Most of the scam projects are offering rewards that are too good to be true that you end up realizing if this is legit or not. And also at some point, legit projects look like scam too. So if you are not knowledgeable enough and create decision instantly, then you will fall as one of their victims. I think its definitely a must to go in depth with the project and the team behind it if they are really existing or just ghosts. Its also good to trace the history of the project if they have been successful or not in the past.

However, scamming has been rampant these days so you need to avoid it as much as possible. By keeping yourself updated of all the current events and studying the crypto space continuously, and not being greedy to make bigger profits, then there will be less chances for you to be scam.

jrrsparkles

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Hire Bitcointalk Camp. Manager @ r7promotions.com

On most of the cases its really simple to identify the scam and real but if its really new then it may take time, I don't know what yiu define as trading company but if its an exchange there are very few reputed exchanges are here so you no need to pick a new exchange for whatever reasons until someone tested it atleast for few months.

checkmatesir

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$CYBERCASH METAVERSE

It is actually hard to find about the scam as you know very well that if one project launch then everyone want to start investing in it and with the passage of time the number of users of that project increases so you cannot find that weather it is scam or not. But if certain project asked for more money then you can realize that it will be scam. In cryptocurrency there are certain projects that are scam and you invest in these project and lose your capital as you do not know about its scam.

Peanutswar

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Top Crypto Casino

Most of the scamming platforms are having a promising statement told that they can double your earning in just a short time, next is a system of earning like referral system, of course, its looks like a pyramid scheme that requires the number of people on invites to earn. It's better to double-check the platform or the coin you want to invest in if this is a farming token avoid this investment because it's not profitable. Investment with the projects is in some points is risky because it's a high risk-reward situation. Ideal to use platform and to invest with is the coinmarketcap.

perla

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It's really hard to know if legit or scam investment but whenever I go to new projects what I always do is to look for some suspicious thing such as fake community, unclear or impossible things that they offer or they don't have clear explanation how things work on the website and their plan, not accurate roadmap, inexperienced, anonymous or fake team members.

A small things like that could really be a good indication that it was a scam project for me.

goldkingcoiner

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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?

The only way to be sure is to do the research on the team, product, whitepaper and so on for yourself. And by research I mean you have to spend a lot of time, digging deeply. Is the team legitimate? What were their previous experiences? Go ahead, message them for an interview, yourself. Look at the product: Is it well coded? Is it audited? How does their business plan work? Is it necessary? What are the use cases? How well is their marketing going? Do they have an active, real community based on organic growth? Have they started making profits?

These are the questions that you should be researching.

Ararbermas

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Make research of course, and don't use any sites to find crypto investment aside of CoinGecko and coinmarketcap because these two is known as a very legit site ever since before when it comes crypto currency. And indeed most of the information is already there so you don't need any sites for example for data, site, social media and etc where you can obtain specific information.. So go directly on that sites instead of looking for any feedbacks in the internet because it's quite skeptical wherein mostly are fake. So be aware!

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