how to avoid fraudulent projects? - page 8.

Periodik

sr. member

Activity: 1022

Merit: 256

Quote from: thisnewcoin on January 04, 2020, 10:17:50 PM

That's why sometimes I feel the Bitcointalk forum should come with a rule for lunching bounties. If the forum asks a certain amount for launching bounties then scam shit project won't get the place for free promoting. Most of the newbie people do social bounties, so, they never research hard! That's why any kind of shit project gets free promoting just by lunching a bounty thread! I agree with you that people should stop doing shit bounties, but newbie bounty hunters don't care about these things.

This has been demanded from this forum before but it is highly unlikely that the administrator would agree with this. Besides, this forum is not the only place where crypto projects could freely promote their shit projects. They can promote them anywhere, on social media sites, on crypto online magazines, etc.

It is good though that there are also some scam detectors in this forum trying to uncover some projects faking as legit.

thisnewcoin

full member

Activity: 406

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Convert Crypto at BestChange

That's why sometimes I feel the Bitcointalk forum should come with a rule for lunching bounties. If the forum asks a certain amount for launching bounties then scam shit project won't get the place for free promoting. Most of the newbie people do social bounties, so, they never research hard! That's why any kind of shit project gets free promoting just by lunching a bounty thread! I agree with you that people should stop doing shit bounties, but newbie bounty hunters don't care about these things.

Adriano2010

hero member

Activity: 1414

Merit: 516

I think some can be avoid by doing some research and if see incomplete info or fake team then who see it should open a scam accusation here on forum so much many people to know about and avoid it, but some are hard to be find as fraudulent on first phase and investors might lose a lot of money.

Bossfidelity

copper member

Activity: 350

Merit: 1

The best way to avoid fraudulent projects is to always apply your common sense and be less greedy. Most times we enter into fraudulent opportunities because we want to rip where was not sown. The Cryptocurrency industry is obviously very risky and most opportunity which seems to be very laudable are probably scam.

pikkie

sr. member

Activity: 924

Merit: 256

Quote from: sayaya17 on January 03, 2020, 07:52:57 AM

Actually it is difficult to avoid fraudulent projects as long as we are still in the crypto room and work as bounty hunters, because bounty hunters cannot be fully blamed in promoting projects, sometimes some bounty hunters join several projects and of them only one or two projects pay. Bounty hunters always hope that the projects that all follow are good projects and pay, but the reality doesn't talk like that.

indeed, fraudsters from various types of projects have prepared strategies to bribe the promoters and as much as possible it does not appear that there will be a scam, the beginning of their project will always respond well and the service is very good but when the fundraising is complete they will leave the project and take money from investors, this method I have often encountered in various ICO.

drachman

sr. member

Activity: 756

Merit: 252

Quote from: Senar Gitar on October 21, 2019, 10:33:40 AM

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

If there was a simple way in which we could stop scammers then those measures should have been taken already, look the only responsibility that we have is to try to warn others when they express their desire to invest in a scam, if they decide to not listen and invest anyway then that is their choice just remind them the next time they begin to say bad things about the market that you did in fact warned them and they were the ones that decided to not listen.

sayaya17

sr. member

Activity: 1638

Merit: 255

Actually it is difficult to avoid fraudulent projects as long as we are still in the crypto room and work as bounty hunters, because bounty hunters cannot be fully blamed in promoting projects, sometimes some bounty hunters join several projects and of them only one or two projects pay. Bounty hunters always hope that the projects that all follow are good projects and pay, but the reality doesn't talk like that.

RussiaUkraineTranslation

jr. member

Activity: 224

Merit: 1

If you buy exchange tokens like BNB and ecxx you can profit in bear and bull markets. IEOs on reputable exchanges help weed out the scam projects.

tianglistrik

sr. member

Activity: 626

Merit: 250

Quote from: ?? on ??

Quote from: KnightElite on December 29, 2019, 12:03:28 AM

Ignore the ICOs and IEOs, that is the best way to avoid fraud projects. Right now, the IEOs and ICOs investment have small percentage of win rate and I can say that it is not profitable investment anymore. Most of the victims nowadays are the ICOs and IEOs participants. It is better to buy a coin that is current listed than to participate in shit projects where the scammers are common.

Wise scammer found a another way of scamming the people, they directly give a bonus tokens to the exchange for listing their token. Later the new announcements will attract the investors to the exchange, the team dumps the tokens to the investors again from the higher prices. The token gets delisted from the exchange due to the dead volume.

sometimes we see projects like that, they pump first to find new people to buy it then when they get a price advantage they will leave it and usually coins like that will die and be erased from the exchange. there are quite a lot of such projects and we have to study them so they don't participate in such projects

KnightElite

sr. member

Activity: 924

Merit: 275

Ignore the ICOs and IEOs, that is the best way to avoid fraud projects. Right now, the IEOs and ICOs investment have small percentage of win rate and I can say that it is not profitable investment anymore. Most of the victims nowadays are the ICOs and IEOs participants. It is better to buy a coin that is current listed than to participate in shit projects where the scammers are common.

gwaposakon

full member

Activity: 854

Merit: 101

Quote from: Senar Gitar on October 21, 2019, 10:33:40 AM

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

It is hard to avoid fraudulent projects especially that it is getting rampant right now. As the technology and the industry develops, so as the growth of illegal activities that take advantage of the situation. I think making your own research aside from the reviews of sponsored crypto critics is a must nowadays. You should look for realistic projects, stable community, and credible development and marketing team behind it.

princecharles

copper member

Activity: 210

Merit: 1

It's a known fact that bounty hunters are only interested in promoting projects for a reward. Any project that is willing to give a good reward would be promoted, so investors should not be considering the fact that the project has a very good review as a condition for validity.

ampere

full member

Activity: 1246

Merit: 116

The simplest way to avoid fraudulent project is to tackle personal greed
Then learn patience and endurance so that you can always dyor before making any decision

daglordjames

member

Activity: 550

Merit: 10

Quote from: Novatech8 on October 21, 2019, 10:54:10 AM

Quote from: Senar Gitar on October 21, 2019, 10:33:40 AM

I think there is still a way to overcome the problem of scamers in this crypto room (but I'm not saying to eliminate it completely). . This might not have a big effect but at least it can reduce some of the fraud projects that exist in this industry. . like avoiding and not promoting suspicious projects repeatedly. .
I have always observed that many of them and even have high ratings but still support suspicious projects, especially participants (social media).
maybe this is one reason why many fraud projects are increasingly rampant, because someone always gives hope to them and makes someone trapped in it.

so what do you think?
I draw the conclusion above based on what I saw there.

Low rated projects most time turns scam as well, its not about the ratings because good projects can get low or high rating, it doesn't matter cos even bad projects pay rating websites to get good rating, i think the solution is doing research yourself

I agree, sometimes other projects pays the ratings so that it will look good for their project.

joshua123

full member

Activity: 527

Merit: 113

Quote from: Crypto5060 on December 19, 2019, 06:28:01 PM

To many people, life is all about the money. Even in the obvious case of fraudulent projects, many people will still collect money and promote them even though they know it's a scam project.

Yeah and this is the disappointing part cause they dont mind even they are just wasting time on it. I actually fond of joining campaign but I see to it that my effort wouldn't be wasted when I joined one. Time is gold and also money, so if youre joining an obvious fraudulent project then youre also wasting time and money.

mandor

sr. member

Activity: 1638

Merit: 260

Trphy.io

depending on accuracy and confidence before investing, although many new projects will emerge but not all will end in fraud. indeed, scam projects will never stop for to steal investors' money and one thing to do is be careful. if you don't want to lose money and are afraid of receive risks then don't invest and you will successfully avoid a fraudulent project. Cool

Crypto5060

jr. member

Activity: 444

Merit: 2

Theagriverse.io

To many people, life is all about the money. Even in the obvious case of fraudulent projects, many people will still collect money and promote them even though they know it's a scam project.

styca

sr. member

Activity: 1078

Merit: 354

If you are going to get involved in new projects, it's probably impossible to ensure you never invest in a scam.
You can do as much research as possible, and if you are good you can weed out a lot of the bad stuff, but you'll never catch them all.

Kotone

hero member

Activity: 1372

Merit: 503

Quote from: btcmurat on December 07, 2019, 04:28:26 PM

Scammers and bounty hunters are spoken as if they were the same. Bounty hunters are looking for projects where they can profit. However, the problem is that the following bounty hunters do not know the intentions of the project owners. It's a moral problem in general. People need to be prevented from turning to fraud.

Personally, I can't understand what are you saying here. All of the sentences you made doesn't have any sense at all. Also this line, "People need to be prevented from turning to fraud"

Can you explain this? If not, someone will notice and tagged you as spamming here for signature campaign. Improve youre post or yet post on youre local board if English isn't youre first language.

anjiitem

sr. member

Activity: 798

Merit: 250

Vave.com - Crypto Casino

Quote from: tiang_tower on December 06, 2019, 05:21:43 AM

Quote from: FireBallex on December 05, 2019, 08:38:28 PM

Its easier said than done, everyone knows there is no way to know a or detect a real project because scam projects are of different levels, some are detectable and some are not, research is no more enough but it helps too

Detecting project scams is indeed very difficult, because between real and unreal projects is almost similar at this time, so research on projects is still needed even though it is not entirely helpful, but everyone must do research on the projects they want to participate in.

Doing research is something that must be done by investors and people who will participate in a project so that what they do does not fail because they do not understand about the project and the team behind it so that they can participate in the scam project.

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