Topic: how to avoid fraudulent projects? - page 7. (Read 3094 times)

You cannot just stop those projects that is a scam. It will pop out even if you are going to try to stop it. The only thing that you can do is not support it so that other people will not going to support it also. If people saw someone supporting the project, they tend support it also so be the first move not support it and read the projects carefully if it has a potential or not.

What is a fraudulent project? I'm thinking about 5 years ago, I was here at that time, do you know what people use to say about Ethereum? Check it out, some of the high ranked members here on the forum said that Ethereum is one big scam! You can believe that the project is a scam, or you can do your own research and decide to trust them no matter what others are saying.

not a bad idea, but now we are all familiar with projects in this cryptoqurrecny room which most of them look very promising, offer big prizes but don't come true. it's actually very difficult to find projects that are really good to follow, but my advice is important for you to always research and reconsider before investing in or joining any project.

Finding scammers has become very difficult,
they mask their projects very well,
and those places by which it was possible to determine them, they modify them
so that the second time in this place it will be impossible to determine them,
they constantly work on bugs

Like everyone here I would like for fraudulent projects to disappear but that is not up to me to decide so the only thing I can do is avoid those projects and warn other persons about it, but it can be a very frustrating activity as you see newbies asking for advice and when you give it to them they do not want to listen and when they eventually get scammed you try to encourage them to not make those mistakes again and they begin to make accusations against the market when it was them the ones that refused to listen and invested in a scam.

Avoiding fraudulent project is a better way to keep funds. The best way to avoid such projects is to cut off greediness. Greediness is a very bad apect which has caused many investors to get scammed. The cryptocurrency sphere is full of risk so therefore one need to open his or her eyes to see what exactly the kind of project one is venturing into. One need to rerally check if the project has good team and good products.

Avoid scam project is really difficult but all scam project definition is same, scammer always apply new ways to scamming people, and some scammer are success. I think you need to check roadmap and white pepper and team member.       

its really hard to tell if the project is fraudulent or not, i agree that most of the time people were given false hope and provided investors potential high profit program, we cant stop them but we need to be very careful when investing in new launch project by checking every details and people behind it.

True, it is indeed very difficult to eradicate fraudsters, because they also have ways and tips in deceiving everyone, even though we also have lots of tips to avoid them from being fooled.

I dont think there is really a specific way to avoid fraudulent projects, unless you just dont participate in anything at all. There have been long lists of tips but still there are new ways to scam people.

I have different thoughts. In investing sometimes we encounter fraudulent projects. So before you make money, learn how to keep money, learn how not to lose money to make money. Pay attention to your capital investment wisely. Learn carefully about projects that need investment to avoid fraud. Believe in your knowledge, not in anyone. Most people lose money because of gullibility and not knowing anything about investment projects.

if indeed it can be done by the forum team/moderator it will be very helpful for everyone, but if that happens it will make everyone more lazy in reading and doing research on a project

Change always starts from us and it can't be done without any initiation. Because it's us who can keep this fraudulent projects alive and the ones who can also dig the pit of its grave. As long as we all don't patronize and show support to any of those, then there won't be any progress and profit for it to continue theur project. Warning others and warning ourselves are the only possible tool that all of us can use bevause completely getting rid of it is impossible for they just won't let it happen.

Disagree with you, no project in this space that  came into the space with the intention to build a good cryptocurrency and later turned to be a scam, as you have said. Most of these projects have scam hidden under the project for you not to disclose, but, with a proper search or research into the project can actually reveal the true position of the project. Making the project look real when not means that; you as an investor did a shallow research into the project.

I do it by doing due diligence on the core team of them like CEO, for example, and the rest doing due diligence also on the clarity of the project they run is rational? or just bullshit, especially if the project is very promising profit when in fact it should not be suspected.

The best way to avoid fraudulent projects is to never invest in any new projects right now. I have seen hundreds of ICO and IEO projects in 2018 and 2019, but to be honest, so far most of those projects have died and prices have dropped hundreds of times over ICO prices. Invest in top projects in this market and invest in bitcoin, which is the best and right choice.

Nope, this is not an IPO which should fill Terms and Conditions. This is crypto which is decentralized, free, open source
you can make your own coin, project, if you want. that's why we should be smart here

There are many scammer around us. dont too believe with any project (especially new)
keep doing hard research to avoid lose, invest only you can afford, dont invest in one basket, are basic tips for us.

Indeed, besides whitepaper can be plagiarized so you can't use it as a basis if a project is legit that is why having your own research is always advised and recommended because in that way you can see different information regarding that specific project. It will serve as your guide to make the right decision since you can't easily assure if that project is unlike any other projects. As an investor you will do your responsibility to protect and secure your funds from scammers because we can't change the fact that scammers will always look for some opportunity to deceive us. In researching, you can easily identify if it's legit and profitable. It will not be easy to get rid of them particularly these days that scammers are getting wiser and it should be the reason why we need to be cautious when making decision or any actions. Also, we have to change our mindsets regarding earning profit easily and less hassle because it will never be easy since earning is a result of hard work and patience,we have to analyze the possible things that may happen because it is one thing to consider before investing. Understand and learn from other people's mistakes because it can have a huge impact on our decision making. Be responsible and accept everything because sometimes we are also the reason why we are ending up falling into the scammers tricks, after that we keep blaming everything and everyone even if we are the reason why it happened. We have to accept that mistake and experience, we have to suffer the consequences of our action because it's true that people never learn until they have experienced it. Don't let them deceive you by their words and promises because some of you can be easily derived by it, they will surely take advantage of you.

You can avoid scams by investing in exchange tokens like ecxx and bnb or only buy IEO coins vetted by exchanges you trust.

You can't avoid fraudulent projects forever unless you stop investing in new projects, even few old projects turned scam, we invest based on how good or promising a project look but sometimes even very good projects can scam you