Simple avoid them. That could be the only solution. New projects are for them who have deep knowledge about them. Although that type of investor also get scam even after that much qualifications and knowledge.
The question is: how do you know that the project is a scam? Avoiding it is easy; what makes it difficult is what most people don't know: how to determine whether a project is indeed a scam. This is what we should teach people who don't know.
Topic: How to avoid a scam project? - page 2. (Read 2460 times)
First you need to know how to find out a valid project. If you can teach yourself how to analyses about a project and verify it, then you can automatically avoid scam project. But it is not possible for every person to teach themselves and educate themselves about Cryptocurrency, so it is advisable for them not to investment new project, better to go with old top project. Scam project is really a big headache for cryptocurrency market even despite all the due diligence, People get scammed. So need to be very careful
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.
I don't know how anyone knows Islam project but I didn't understand before but now I don't understand like myself because good project or high quality project will never corrupt your website or your ICO and manager with you? Because if you have some website behind you or ICO but there are twitter who are very verified and see their high quality posts, you can understand how good it is. and Total Supply and their brand ambassadors or someone with them. For example, if there is Coin Gecko Coin Market or E, then I can identify the projects myself. Also you need to see how are the managers behind the project or are they trustworthy if they are trustworthy and their logic is with a good exchanger then surely the project will be of high quality like Binance Coin. Like there are many others who are trustworthy and very good quality. And there are bills in it you can see them if you want. If there is a list you must have good value of your token and the project is very less likely to be a scam. 
I haven't found any 100% valid rule that could be applied to find out the scam project before it scam. Cause all new project concept is kind of same. That's why to avoid scam project, need to avoid new project first. That is the most common and most suggest strategy for being scam by investing new project but if a new project has good team member or popular person who managing new project or if a new project sig partnership with a well known brand, could be consider for investment but need dyor
How about the "If it's too good to be true then it probably is" rule? I think that will definitely work 100% of the time, they promise you big bonuses or questionably high ROI then you're most likely going to be having doubts about that since that's an unlikely thing for an investment to triple your investment in a short amount of time, another foolproof thing that you can do if you can talk with the people behind the project is to ask them if this is a pyramid or a Ponzi scheme? Depending on how they would react on this question, then you'll be able to measure whether they're a scam project or a legitimate one because a legitimate one would quickly tell you that they're not and will probably present to you their business model and they'd likely laugh it off but the scam project will be defensive and hostile with that question and they won't be able to prove to you or other potential investors that their project isn't a rug pull and a scam.
i think in this time many type of fake projects are ongoing according to my experience is that must check project whitepaper check there roadmap and more important check there future planning if project have a strong support so invest they give you a great profit otherwise without checking anyone invest its so risky.
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.
If you want to avoid scam projects, you must not be trusted with new projects. If you become a believer in new projects you will be scammed so to avoid scams you must trust the token listed on the best exchange. Because most of the projects that are being developed today are being developed by scam teams. We have been seeing some teams come up with projects that disappear very quickly without creating any excitement in the market. So to avoid scams I definitely ask to trust Bitcoin and trust the most popular and top exchange listed coins.
I haven't found any 100% valid rule that could be applied to find out the scam project before it scam. Cause all new project concept is kind of same. That's why to avoid scam project, need to avoid new project first. That is the most common and most suggest strategy for being scam by investing new project but if a new project has good team member or popular person who managing new project or if a new project sig partnership with a well known brand, could be consider for investment but need dyor
Yes, awareness is required but when your money is involved, awareness comes naturally. It's like trading with demo account and real trading account, lessons come from latter one.
Trading using a demo account is just trading that does not have any meaning. has no emotions, no challenges.Being smart in demo trading will not guarantee success in real trading because it will be very different. This is indeed about how someone learns to trade from each trading history carried out.
usually some newbies just think some random project as the "next big thing" and call it a day, thats what make some scam project easily scam people more prominently newbies because they hesitant to ask question and even when they try to ask question they don't even know what they should ask and this is also where finding out knowledge about how altcoin works, what fundamental many altcoin present comes into play.
but honestly once we get the gist of how altcoin works in general, and also we've been dealing enough with so many altcoin even more so with thos high quality altcoin backed by some big company like coinbase for example we could know just at glance that some project are just pure shit, because we have that instinct to find the weak point of certain project when we are always investing in good altcoin and also finding technicality aspect of that coin, but for newbie, just see whether some project is overpromising.
If anyone new to this crypto world... So it is important to be careful and not get too excited by all the talk. Look into the people behind the project what they have done before and the project plan. See if there are any real world examples or partnerships that show the project is worth considering.but honestly once we get the gist of how altcoin works in general, and also we've been dealing enough with so many altcoin even more so with thos high quality altcoin backed by some big company like coinbase for example we could know just at glance that some project are just pure shit, because we have that instinct to find the weak point of certain project when we are always investing in good altcoin and also finding technicality aspect of that coin, but for newbie, just see whether some project is overpromising.
Check if there is behind the project the Luna owner or others who already have a scammer tag so you should be careful from these kind of projects.
Once you have a good understanding of how altcoins work and have experience dealing with various projects and have good research about them. So your mind automatically led you to the right way and this will tell you that this project is good or not. So always be careful while investing in a project.
Having money in project and losing it teaches you most why particular project was a scam. Invest (what you can afford to lose) in projects you think are good and lessons will show up themselves, you'll automatically be able to identify scam projects from first glance after few experiences.
will not automatically be able to identify fraudulent projects even though they have been trapped in fraudulent projects before. but this is about awareness of how you invest money in projects that you believe in or not. thorough research is important to do. There are some people who always fall into the trap of fraudulent projects because they are tempted by large returns, even though if you calculate it, it doesn't make sense. no one will give big returns or bonuses without any frills behind it.Yes, awareness is required but when your money is involved, awareness comes naturally. It's like trading with demo account and real trading account, lessons come from latter one.
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 see a scam projects you can know them, but the problem with people is that some certain investors do get excited and also be curious whenever they see some of the investment, so therefore I believe cryptocurrency investment if you don't want to venture into the wrong investment you have to at most make a research concerning any projects that you want to establish with, I know quite well that cryptocurrency investment or any newly established projects required a proper investigation before someone can invest in such projects, its the newbies that doesn't ask questions before investing. but honestly once we get the gist of how altcoin works in general, and also we've been dealing enough with so many altcoin even more so with thos high quality altcoin backed by some big company like coinbase for example we could know just at glance that some project are just pure shit, because we have that instinct to find the weak point of certain project when we are always investing in good altcoin and also finding technicality aspect of that coin, but for newbie, just see whether some project is overpromising.
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 for me I think we can easily identify them by there market cap and total number of supply. Sometimes if you take a look at them in exchanges you will observe that these so called scam project has a fake market cap and number in supply are in trillion that is to tell you that 1 person may buy as much as billions of it and most of them don't have white paper or even community and social media platform. So when you see such project jus run away because they are for your money. 
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.
If a person is experienced here he can identify good and scam schemes by himself. There are thousands of good and scam projects in this bitcoin forum you just need to be aware. Especially the way I identify good projects and scam projects is that I never buy any coins from pre sale and invest. Always choose good cex exchange listed coins to invest. The only reason to choose from a good exchange is because scam schemes will never list on a good exchange. Scam projects they always list on a small exchange so they can sell it and take it all in later. Also for better consideration analyze their website, telegram, white paper, discort etc. and see if they are original or fake. 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.
A bad project will usually look like it was rushed. They immediately create a roadmap and whitepaper quickly but they always fail to achieve it according to the roadmap that has been created. Their telegram channel is filled with bots. a lot of unorganic chatter in groups and such. But there are also projects that look real and really have potential. But then once they are known enough then the team goes and withdraws the token liquidity. Well it happens a lot so be careful. The most important thing is that we have to look at everything realistically. Don't be tempted by projects that offer 1000x from the start because we know they are just bragging. Because it was an original project, they immediately made a massive increase without having to say it many times to the community. Serious projects also have a clear vision and mission. But I personally am sometimes still confused about this. But at least we can minimize it. And only enter projects that really have a clear vision and mission. and usually not a vision and mission that imitates another project. When you see a scam projects you can know them, but the problem with people is that some certain investors do get excited and also be curious whenever they see some of the investment, so therefore I believe cryptocurrency investment if you don't want to venture into the wrong investment you have to at most make a research concerning any projects that you want to establish with, I know quite well that cryptocurrency investment or any newly established projects required a proper investigation before someone can invest in such projects, its the newbies that doesn't ask questions before investing.
If you have been here long enough, you can easily spot a scam in the making project.
You will see that they are all pure talks and promises, but no tangible results is being presented.
Also, if you are serious in investing in a specific project, better do your own due diligence.
Because these scammers don't care about your funds as long as they can siphon it from your vaults.
And don't believe in hype, mostly they are just to attract attention of gullible users.
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 see a scam projects you can know them, but the problem with people is that some certain investors do get excited and also be curious whenever they see some of the investment, so therefore I believe cryptocurrency investment if you don't want to venture into the wrong investment you have to at most make a research concerning any projects that you want to establish with, I know quite well that cryptocurrency investment or any newly established projects required a proper investigation before someone can invest in such projects, its the newbies that doesn't ask questions before investing. 
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.
I once fell victim to a scam project and since then I proceed very cautiously with any kind of project. However, when we observe the market we see that most of the projects fall prey to scams. So we need to do our own research very carefully and make informed decisions based on facts rather than guesswork. Take the time to read the project's white paper, study the team behind it, understand the technology and market potential. If we buy something with money or invest, I have to decide whether it is good or bad. The Internet is a vast and unpredictable place, so always proceed with caution and skepticism.In most of the scam cases of the past that has happened to us or other people, it might have come from the way we are being decieved through our greediness, there are some things in which a normal reasoning should tell us that it's likely not to be a legit offering before we accept them, but many of us usually fell of the cliff before thinking of the alternative means of never to have fallen from the first place.
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.
I once fell victim to a scam project and since then I proceed very cautiously with any kind of project. However, when we observe the market we see that most of the projects fall prey to scams. So we need to do our own research very carefully and make informed decisions based on facts rather than guesswork. Take the time to read the project's white paper, study the team behind it, understand the technology and market potential. If we buy something with money or invest, I have to decide whether it is good or bad. The Internet is a vast and unpredictable place, so always proceed with caution and skepticism.In most of the scam cases of the past that has happened to us or other people, it might have come from the way we are being decieved through our greediness, there are some things in which a normal reasoning should tell us that it's likely not to be a legit offering before we accept them, but many of us usually fell of the cliff before thinking of the alternative means of never to have fallen from the first place.
Having money in project and losing it teaches you most why particular project was a scam. Invest (what you can afford to lose) in projects you think are good and lessons will show up themselves, you'll automatically be able to identify scam projects from first glance after few experiences.
will not automatically be able to identify fraudulent projects even though they have been trapped in fraudulent projects before. but this is about awareness of how you invest money in projects that you believe in or not. thorough research is important to do. There are some people who always fall into the trap of fraudulent projects because they are tempted by large returns, even though if you calculate it, it doesn't make sense. no one will give big returns or bonuses without any frills behind it. 
If someone wants to avoid scame project then he should put sligher aggregation in new coin and should often plump for old or top coin because new coins cannot give you huge profit like that of bitcoin or Ethereum. First try to evaluate the roadmap of selected project because you will easily confirm about its goals and also read about utility of token and concerning its exchange on which it has been launched.
If you have joined groups on telegram then share your thoughts with expert and also take their suggestions as it will be helpful to take and decision actually expert have more experience in selecting a coin but if we are buying a coin without investigation then it is not a sound well decision. information are present on the website of that project so if anyone wants to decide whether to select or leave the project then he should look into the website of that project.
If you have joined groups on telegram then share your thoughts with expert and also take their suggestions as it will be helpful to take and decision actually expert have more experience in selecting a coin but if we are buying a coin without investigation then it is not a sound well decision. information are present on the website of that project so if anyone wants to decide whether to select or leave the project then he should look into the website of that 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.
I once fell victim to a scam project and since then I proceed very cautiously with any kind of project. However, when we observe the market we see that most of the projects fall prey to scams. So we need to do our own research very carefully and make informed decisions based on facts rather than guesswork. Take the time to read the project's white paper, study the team behind it, understand the technology and market potential. If we buy something with money or invest, I have to decide whether it is good or bad. The Internet is a vast and unpredictable place, so always proceed with caution and skepticism. Jump to: