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Topic: How to avoid a scam (Read 660 times)

copper member
Activity: 266
Merit: 2
Ako Bayot!
January 09, 2019, 08:47:43 AM
#39
Also, avoid the hype. Many people are just shilling or hyping that ICO or coin. Do your own research and never rely on other's opinion.
In short it is very difficult to spot a scam projects. There are only few projects here that are really worth it to invest and others are just like a good for nothing crowd funding projects. Anyway, I have read somewhere of a post that related to the new system of crowd funding activity from ICO to STO (Security Token Offering). The post indicated that the STO projects are registered as a requirement from the government for the project to proceed and promote the crowd funding activity. Though I have not read any article that support it but it may be good if we can see more STO projects in the altcoins section.

STO projects will  be the best project to join with and investors will not be having more difficulties to spot and do diligent research to identify scam projects. 
member
Activity: 868
Merit: 16
January 09, 2019, 06:18:40 AM
#38
Although it is difficult to distinguish between legit and scam projects, but there are many ways to at least reduce for we to choosing a project scam, including those written by the OP. I think ICO investors are very brave, they can save their money without knowing the future of the project. Like we lend money without knowing who the borrower is. So think again for you when you decide to invest in ICO, indeed when the project is legit, you will get multiple benefits, but if it's not a legit project then your money is not left at all.
jr. member
Activity: 101
Merit: 4
January 09, 2019, 06:04:12 AM
#37
Thanks guys. I really hope this will help anyone who is new to this.
hero member
Activity: 2926
Merit: 657
No dream is too big and no dreamer is too small
January 08, 2019, 07:15:21 AM
#36
Those were just some of the factors to consider, thanks for sharing OP, I hope somehow this helps the newbie who wants to enter the market.
No. 2 which is Stay suspicious: is very important, with the fact that you presented that 80% of ICO are scams, you should be suspicious all the time.
member
Activity: 560
Merit: 14
January 07, 2019, 03:09:21 PM
#35
Avoiding scam project is more than just reading white paper
A scam project can even have a better white paper than that of a real project well there is no best way to avoid scam project
But one important way is to deal with reputable project manager although this is not completely sure but it's a bit ok
newbie
Activity: 23
Merit: 0
December 24, 2018, 07:06:43 PM
#34
Good tips for new members, I know these from my own bad experience. Invested in almost the shittiest projects of them just because of the hype during 2017 xD
newbie
Activity: 33
Merit: 0
December 24, 2018, 04:11:30 PM
#33
Scammers can now deceive you in the most sophisticated way, in spite of experience and knowledge, everyone can get caught in all sorts of traps.
newbie
Activity: 3
Merit: 0
December 18, 2018, 04:59:49 AM
#32
There is already a ready skam-checkers, that allow to collect all the above information and doing an activity analysis ICO in social media https://cryptomado.com/ico/
hero member
Activity: 3150
Merit: 636
DGbet.fun - Crypto Sportsbook
December 16, 2018, 10:50:02 PM
#31
Can anyone suggest how can we differentiate the ICO rating website are worthy, that is better to take it as a reference website to understand and learn more?
The sad fact is most of them are paid to give good ratings to these ICOs. Don't trust any of them and have your own basis as for checking what ICO to invest. But it's better if you'll just stop investing to these ICOs.

Every reference can be paid, good or bad review so if its for your own decision making be cautious for every possibility. Start looking for other legit investment vehicle instead of ICOs now. They are the same in schemes and ideas nowadays.
newbie
Activity: 39
Merit: 0
December 16, 2018, 10:31:49 PM
#30
Can anyone suggest how can we differentiate the ICO rating website are worthy, that is better to take it as a reference website to understand and learn more?
newbie
Activity: 112
Merit: 0
December 16, 2018, 10:17:28 PM
#29
Before making the investment you have to survey the project which you are going to invest.
You have to read their whitepaper and should be knowing about the community well and good.
newbie
Activity: 30
Merit: 0
December 14, 2018, 11:12:39 PM
#28
Do your own independent research, use many different information resources, and if something sounds too good to be true - so just go ahead Smiley
jr. member
Activity: 304
Merit: 5
December 13, 2018, 05:18:53 AM
#27
The fact that an ICO has a set of social media channels in play is no indication as to whether the ICO can turn out to be a scam. Perhaps the content they feed may hint to some fishy things going on, but the channels per-se do not serve to discriminate scam from non-scam ICOs really.

Oh sorry, i mean this social media is real and that post is real about their project. I see more scam project is only share crypto news from cointelegraph or anything website that share  about crypto
legendary
Activity: 2338
Merit: 10802
There are lies, damned lies and statistics. MTwain
December 13, 2018, 05:13:04 AM
#26
<...>
The fact that an ICO has a set of social media channels in play is no indication as to whether the ICO can turn out to be a scam. Perhaps the content they feed may hint to some fishy things going on, but the channels per-se do not serve to discriminate scam from non-scam ICOs really.
jr. member
Activity: 304
Merit: 5
December 13, 2018, 05:01:43 AM
#25
At the first of your suggest, i think you can add Social Media/Official Fanspage. This is for see a news about that project. This project is good if it has Reddit,Linkedin,and Medium. Its will good too if that team of project has Sosial Media Account too.

member
Activity: 350
Merit: 10
A Blockchain Mobile Operator With Token Rewards
December 12, 2018, 04:04:35 PM
#24
Avoid being greedy and you no scamming schemes can elude you. it is the greed of investors that makes them fall prey to the schemes of scammers. Nonetheless the information that OP has shared here is very resourceful and i believe it would really enlighten other new members to stay off their schemes.
member
Activity: 336
Merit: 10
December 11, 2018, 08:16:00 AM
#23
It such a sad situation that we have in crypto these days and i believe that if most people are to take certain things seriously and conduct research into their investments they would not fall prey to such schemes.
newbie
Activity: 55
Merit: 0
December 11, 2018, 07:37:07 AM
#22
we must be knowledgeable to judge scams , or see other falling into scams and learn from there experience dont just get greedy and fall for scams first do research and see the actions going on   
newbie
Activity: 16
Merit: 0
December 11, 2018, 04:36:36 AM
#21
Before investing in any projects you should be knowing about the project. And you have to be very careful while dealing in the market.
while your are ready to invest you have to check out the background and read the whitepaper of the project.
newbie
Activity: 30
Merit: 0
November 29, 2018, 10:28:01 PM
#20
 The post has definitely mentioned the basic research and understanding but you should be aware of the advertisement or promotion, be super careful and do not let yourself fall into the trap easily whenever you see some advertisement or attractive posts  with any reward.
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