With so many new projects emerging today, one way to test which ones are good is to see what goals they come up with. And their websites should be checked thoroughly and justified about the team and check whether there is any connection with any other company. And check whether investors have any appetite for the fund through various means of checking the team and checking the website. It is not true that all teams will be like this, I think that all these things should be given importance to test the project.
Topic: How to avoid a scam project? - page 13. (Read 2376 times)
I think the best & weakest strategy to avoid a scam project is, by not investing with new project but investing with old valid potential projects. It sounds wired but scam projects are making smart strategy what are sounds more than real one but they develop those strategy to make People victim. Reading whitepaper, having good roadmap or team members can't guarantee validity of a project. Although anyone can analysis and take risk by his own responsibility
The top strategy is that never get involved in investing in new altcoins because it is very risky and you will even lose your investment if the altcoin will be scammed, there are many scam cases from new altcoins so don't ever be tempted to get high ROI from new altcoins, because only a few new altcoins are lucky and average is just a scam coin, so only choose top altcoins for investment so that you avoid any scams from bad projects.It's important that you're not investing blindly because of hype or because of the suggestions of other investors. Do your own research to know if the project is legit, check their website, whitepaper, roadmap and the team behind it. There should be transparency about the team and their backgrounds to know their past handled projects. Check if they have strong community and lastly the project must have a use case that can solve real problem. If the project is offering a too good to be true profit, stay away because it is likely a scam. So always DYOR before investing.
I think the best & weakest strategy to avoid a scam project is, by not investing with new project but investing with old valid potential projects. It sounds wired but scam projects are making smart strategy what are sounds more than real one but they develop those strategy to make People victim. Reading whitepaper, having good roadmap or team members can't guarantee validity of a project. Although anyone can analysis and take risk by his own responsibility
The top strategy is that never get involved in investing in new altcoins because it is very risky and you will even lose your investment if the altcoin will be scammed, there are many scam cases from new altcoins so don't ever be tempted to get high ROI from new altcoins, because only a few new altcoins are lucky and average is just a scam coin, so only choose top altcoins for investment so that you avoid any scams from bad projects. 
I think the best & weakest strategy to avoid a scam project is, by not investing with new project but investing with old valid potential projects. It sounds wired but scam projects are making smart strategy what are sounds more than real one but they develop those strategy to make People victim. Reading whitepaper, having good roadmap or team members can't guarantee validity of a project. Although anyone can analysis and take risk by his own responsibility
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
There are different ways of knowing scam projects which include monitoring the project team from the start till the end because so many projects are coming with lies and plagiarised white papers just to attract investors.Before investing in any crypto project, you should make sure you make good research about the project so that you will not fall victim of scam projects.
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
And talking about identifying well, that is hard to do knowing that scammers are smart too. They keep improving their strategies which makes it hard to detect if it was a scam until someone claims that they got scam. It is too unfortunate that yeah, someone had to lose their money before the community become aware of the situation. And I believe that everyone is aware of this thing but guess what, because of greed and the instinct of many people to -instant rich, many still fall into scam projects. Not all who invest have one thing in mind, and that is to become instantly rich because they know that it was hard even for a legit project but they only invest to earn something in the future. Getting scammed is part of the risk in investing so one should not over think about it but they can just move on and try their luck again on the other project.
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
This has already been told a million times, but I'm not sure people will be less likely to fall for such projects after that. Always look at the team, the investors, whether there are investment rounds, look at token distribution methodologies, the roadmap, where the token is listed, on which exchanges it is traded.
99% of scam projects have none of this. Do not make a decision about investing based only on the project concept, always look at the real figures, they will tell you much more about the project than sweet speeches from white paper, which can be stolen from some other project.
Focus in old project, and try avoiding new project that has questionable team because mostly those are the one that run
By the same team rhat had been dominating project after project
And taking investors money. And what i can tell? Forget being greedy and that is the main point here. Not to ve greed is not to be scammed.
By the same team rhat had been dominating project after project
And taking investors money. And what i can tell? Forget being greedy and that is the main point here. Not to ve greed is not to be scammed.
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
The difficult thing about recent new projects are that even though they look legit at first, but at the end they could turn away from you 180° and then scammed you off. It's been a trend in recent new projects, starts from they fail to maintain the price so they abandon the project they already fulfilled the "goal", bad project teams, scammers, etc.You can start to check from the whitepaper, the legitimacy of those people that working as a team(they could impersonate as famous person out there just to scam you), the usage of that project, etc. It's started from reading it carefully and you will know the pattern that differentiate between good and bad projects.
It might take some time before you can actually verify if they are really legit or not because aside from looking at the whitepaper, there other factors as well that you need to verify like having your own research and getting some fresh opinions from other investors before confirming their legitimacy. But if you're really into new projects then you should gather all the facts first even if that will take some of your precious times just to make sure that your investments will be safe.
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
Based on my experience, some times we do not know certainly or be sure one hundred percent on projects that have analyzed by us. Even if the projects completely meet to all of aspects that we have analyzed. But at least we should keep analyzing the projects what would happen in the future regarding to the legitimate of the project. We can follow this step: - First of all, Read the white paper of the project care fully. What is the goal of the project, vision of the team, how the core business works
- assess the claims that were mentioned on the white paper.
- Looking carefully at the team behind the project and how their background.
- asses how feasibility of the project. Their promised return of investment is achievableor not
Whitepaper: Read the project's whitepaper to understand its goals, technology, and use cases. Look for a clear and concise explanation of the project's mission, how it works, and what problem it aims to solve.
Team: Research the team behind the project. Look for their experience, credentials, and track record in the industry. Check their social media profiles and professional background to see if they have a history of involvement in reputable projects.
i think 2 of this is the most important thing, there are still many clue but you must focus more on this and check it very specific.
Team: Research the team behind the project. Look for their experience, credentials, and track record in the industry. Check their social media profiles and professional background to see if they have a history of involvement in reputable projects.
i think 2 of this is the most important thing, there are still many clue but you must focus more on this and check it very specific.
Its a very hard and lengthy process to find out the purity of a project..you need to read the whole whitepaper to understand them and check if its plagiarism or not. Then check out team members, are they real? Imagine search them on Google as well as analysis their profile, check out their purpose and their social media if they are using fake followers or not. And so many things you should have to notice to find them out
While most projects will fail your due diligence in a matter of minutes, when you consider there are thousands of coins out there suddenly the task of finding a good project seems incredibly daunting, and even if you find a coin that eventually pass all your tests instead of being happy of finally finding a coin that did, you will be suspicious about it, after all if you can check all of those things then it is possible for the developers of that coin to find a way to fake all of that information, pretend to be a legitimate project and still be a scam at heart. 
Its a very hard and lengthy process to find out the purity of a project..you need to read the whole whitepaper to understand them and check if its plagiarism or not. Then check out team members, are they real? Imagine search them on Google as well as analysis their profile, check out their purpose and their social media if they are using fake followers or not. And so many things you should have to notice to find them out
Yes, it's true that there are many new projects launching in the cryptocurrency space every day, and it can be challenging to distinguish between good projects and scams. Here are some tips that can help identify potential scams in the cryptocurrency space:
Do your research: Before investing in any project, it's essential to do your research and understand the project's fundamentals, including its whitepaper, team members, and roadmap. You can also check out the project's social media channels and online forums to gather more information and feedback from the community.
Check the team's background: It's crucial to research the project's team members' background and experience. Look for projects with a reputable and experienced team that has a track record of successful projects.
Analyze the project's technology: Check the project's technology and its potential for innovation. Be wary of projects that promise unrealistic returns or use buzzwords without any substance.
Evaluate the project's community: Look at the project's community and its engagement. A strong and active community can indicate a healthy and legitimate project.
Be wary of promises: Be cautious of projects that make grandiose promises, such as guaranteed returns or high profits. No investment is entirely risk-free, and high returns often come with high risk.
This might be little derailed topic but i do know on what are those common factors or criterias which you would be needing to check it out even when you do deal up with degen or shit coins in the market.Do your research: Before investing in any project, it's essential to do your research and understand the project's fundamentals, including its whitepaper, team members, and roadmap. You can also check out the project's social media channels and online forums to gather more information and feedback from the community.
Check the team's background: It's crucial to research the project's team members' background and experience. Look for projects with a reputable and experienced team that has a track record of successful projects.
Analyze the project's technology: Check the project's technology and its potential for innovation. Be wary of projects that promise unrealistic returns or use buzzwords without any substance.
Evaluate the project's community: Look at the project's community and its engagement. A strong and active community can indicate a healthy and legitimate project.
Be wary of promises: Be cautious of projects that make grandiose promises, such as guaranteed returns or high profits. No investment is entirely risk-free, and high returns often come with high risk.
Im also a fan of making myself some investment into those meme coins which are mostly been listed on Poocoin or simply with DEX on which prices are really that into their lowest or start up
which it would really be a hit or miss and in speaking about scam projects then there are lots into this kind of space but somewhat if you do able to hit up the right one then it could bring out 10-30x easily or more.
Basing up on the hype and marketing of a certain project.
Thing here is that you should really be knowing first on whats their real use case. Sometimes those having zero tax tokens are really indeed that getting that much attention
but there are moments that even 10/10 is really that being considered out when it comes to buy and sell taxes which i could say its too much but
when we do speak about earning on reflections then it is really that worth.
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
When you are searching for a project to invest but scared, there are many red flags to look out for, but their presence does not guarantee complete satisfaction with the project. If you are unsure about a token's transparency when making a purchase, you should investigate the team's background to determine if they are legitimate and worthy of investment, or if you should move on to the next project.
You should also verify the authenticity of the project to ensure that it is not just hype, but a valuable asset that can withstand market fluctuations in both bullish and bearish conditions, especially if you plan to hold it for a long period of time. Finally, you should also review token allocations to ensure that the team does not scam you by selling all of the tokens and then later run away.
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
The difficult thing about recent new projects are that even though they look legit at first, but at the end they could turn away from you 180° and then scammed you off. It's been a trend in recent new projects, starts from they fail to maintain the price so they abandon the project they already fulfilled the "goal", bad project teams, scammers, etc.You can start to check from the whitepaper, the legitimacy of those people that working as a team(they could impersonate as famous person out there just to scam you), the usage of that project, etc. It's started from reading it carefully and you will know the pattern that differentiate between good and bad projects.
The easiest way to do it would be making sure that you are doing the right thing by checking it twice. If you ask around, talk to people who are both in the community of the scam project but also out, learn why someone invested into it, and learn why someone would never invest into it, and compare the logics about it.
That is why I don't want to get involved in a community in a certain project that only talks about a positive view as it only influences my mind to invest with them and take our money. Because these scammers will hire influencers to promote their project, perhaps they are very convincing which is why many people had fallen into investing in the wrong projects. To avoid scams we must have to do thorough checking, particularly the nature of this project and how functioned. No working product is barely not going to succeed and a scam is very possible to happen. 
for those who have joined the bitcoin talk project, of course they are no strangers to scam projects and surely you have been trapped in this project. I have experience joining a new project and at that time I was very disappointed because I had high hopes for that project. Now, when I join the project, I see that the manager is a habit. If the manager is big and has handled many projects, there are rare projects that are scams, but if the manager is new, there is a possibility that the project will fail or be scammed.
There are so many new projects launching everyday and some of them can be good and some of them can be a scam as well. How can we identify it well? Perhaps we should have more discussion about it so we all can learn from everyone's experience.
As of now yes you are right there are many projects has neem launch yet but we don't need to trust them all it because some of them are scammed project maybe it will work a couple months but in the end they will leave you empty handed so we need to be careful dealing with projects. And there's only way to find out if they are scam or not do a research deep more and for sure we will know how does the project go.
In fact, it is difficult to choose which project will scam because many times it is seen that the best projects suddenly become scam. But we always want the best project to invest and you should be wise. At least how fast a project's development organization is can tell the future of the project. All the tasks they promised should be done on time and how professional the CEO is that project.
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