Topic: How to distinguish scam? (Read 152 times)
When here that the team vision is to moon the coin and all shill stuff, that's the signal that you should get out if that project. Most the crap project priority was the price, listing and shilling marketing just to get a temporary hype for there initial token sales. A legit project will never gonna shill instead the project will gonna speak for themselves. A dodgy devs about doxxed matters is surely a red flag. Remember that a good and legit project has nothing to hide and there goal is for long term not by just listing the coin on exchange the sales.
Some scams are obvious and some scams are not intended to be scams until the project fails. There is no way to predict whether legitimate projects will fail and end up scamming its members. The ones which are clear scams usually do not put much effort into their websites or plagiarize. Before investing in any project I recommend running their whitepaper through a plagiarism checker and see if there are any matches. If there is a match then they are probably not a legitimate project and will try to scam.
Scam projects are sometimes too good to be true. If you think the project has definitely the best things to offer even without much effort to do, then be aware of that because most of them fall into scams.However, a legit project needs enough funds for its promotion and development so its very impossible to land into a reliable project nearly zero cost. If you want a good outcome for your investment, then start taking risk. After all, investments are sometimes seem to become gambling especially if you have less knowledge on the project you invested.
I think any project that requires money to invest has risks and the possibility of fraud.
So it’s safe for us to find one project-nearly zero cost project.
So it’s safe for us to find one project-nearly zero cost project.
It seems that you are confused, but I agree with your first sentence and it's true and I personally experience that way back in 2017, in a particular project that raises a very good amount of money from ICO the project team is showing their faces and doing some marketing exposures and meetings despite in all of that there gone with the funds. so you are correct that any project has a possibility to become a fraud.
But your last sentence in a question was seems to be impossible to attain because most of the crypto startups have no funds to develop the project and its product that's why they are doing some fundraising campaigns like ICO, IEO, IDO, etc. so it's pretty much impossible for a start-up project to become a nearly zero cost.
you don't know contacts you out of the blue.
you've never met in person asks for money.
asks you to pay for something or to give them money through unusual payment methods such as gift cards, wire transfers or cryptocurrencies.
you've never met in person asks for money.
asks you to pay for something or to give them money through unusual payment methods such as gift cards, wire transfers or cryptocurrencies.
Some scams are obvious and some scams are not intended to be scams until the project fails. There is no way to predict whether legitimate projects will fail and end up scamming its members. The ones which are clear scams usually do not put much effort into their websites or plagiarize. Before investing in any project I recommend running their whitepaper through a plagiarism checker and see if there are any matches. If there is a match then they are probably not a legitimate project and will try to scam.
The possibility of fraud will always be there.
When you're dealing with the volatile market and then you will always face the risk of investing your money in crypto. The purpose of investing to doubling your money or even more. if you didn't wanna use money as a way to invest in the project and do you expect to get a free token?
It will never happen dude. These days we must be rational if anything will always be involving money in the development progress. As long as you are picking up a good project and your money will be safe.
it's not all of the projects were requiring money to invest were fraud projects. It's only a few that has turned to be fraud projects
When you're dealing with the volatile market and then you will always face the risk of investing your money in crypto. The purpose of investing to doubling your money or even more. if you didn't wanna use money as a way to invest in the project and do you expect to get a free token?
It will never happen dude. These days we must be rational if anything will always be involving money in the development progress. As long as you are picking up a good project and your money will be safe.
it's not all of the projects were requiring money to invest were fraud projects. It's only a few that has turned to be fraud projects
I think any project that requires money to invest has risks and the possibility of fraud.
So it’s safe for us to find one project-nearly zero cost project.
True. Investing has a risk, not only with the legitimate risk but also in being wrong with your choice if you don't know how to spot scam investments. What do you mean by zero cost project? investing and starting a project won't get you near to zero cost. All of them have a cost and budgeting and most of the projects lately have their own huge amount that's being used that shall contribute to the success of the project.So it’s safe for us to find one project-nearly zero cost project.
And to distinguish scam projects, it's fairly easy if you've been in the market for so long through their description, team, and other composition of the typical scam.
In the currency circle, if you want to make a fortune at zero cost, it is impossible.
In the currency circle, risks and opportunities coexist, high investment may get a lot of returns, Capital may be returned to zero at the same time.
In the currency circle, risks and opportunities coexist, high investment may get a lot of returns, Capital may be returned to zero at the same time.
Fraudsters who use the guise of investing are very clever. They can come up with new fashions and faces to trick their victims. Research is a basic thing that you should always do before doing anything, including investing.
Before investing, it is better for you to ask for recommendations or ask people who are experienced in the investment field first. You can ask questions on internet forums, social media, etc.
Being critical is good before investing. By being critical, you will be difficult to seduce.
With a critical attitude, you will also be able to dig up information in more detail so that you can minimize the risk of becoming a victim of fraud.
Before investing, it is better for you to ask for recommendations or ask people who are experienced in the investment field first. You can ask questions on internet forums, social media, etc.
Being critical is good before investing. By being critical, you will be difficult to seduce.
With a critical attitude, you will also be able to dig up information in more detail so that you can minimize the risk of becoming a victim of fraud.
I think any project that requires money to invest has risks and the possibility of fraud.
So it’s safe for us to find one project-nearly zero cost project.
if that you want, then start joining airdrops as it was 100% free. But if you are looking for potential coins that you need not spend at least $5 that seems impossible and most of us know that for sure. So it’s safe for us to find one project-nearly zero cost project.
If I were you, I'd rather have to spend huge money that we certainly know that we can make some returns after, unlike searching for new projects that haven't been proven yet. Actually, you can't be a fraud if you are using legit exchanges.
I think any project that requires money to invest has risks and the possibility of fraud.
So it’s safe for us to find one project-nearly zero cost project.
If you can find a project like that then care to share it in here. Most projects run a fundraising for the project and a project like that may be a scam. Even the legit projects are even running a fundraising by selling their own token. Years ago, projects run an ICO and this time l projects run IEO or lets put it as selling their own token to have a budget for their project. There are some previous projects that run fundraising and have been successful until right now. So it’s safe for us to find one project-nearly zero cost project.
A vast majority of projects will fail, especially in this space where its easy to start up almost anything and gain support and investment from outsiders looking to potentially earn some quick money in the ICO or initial pump. The due diligence required to uncover some of these frauds is easy as looking at the whitepaper and website. Sometimes it is much harder but the red flags are out there if you dig deep enough. There is no risk free venture out there so always ensure when you do decide to pick a few to put money into that you are comfortable losing it all.
The fact that a project conducted ICO, IDO, launchpad etc to fund such project does not translate to scam. The scam will start when there is no transparency, no accountability and the team are not known! Most successful altcoin today started with fund raising, ethereum, bnb, eos all raised fund and they have been successful so far!
I think any project that requires money to invest has risks and the possibility of fraud.
So it’s safe for us to find one project-nearly zero cost project.
So it’s safe for us to find one project-nearly zero cost project.
Zero cost project or zero cost investment?
Both are different and you need to invest money to call something as investment and it always comes with the risk of losing even if its a complete legit project.
Investments are never safe,DYOR!
I think any project that requires money to invest has risks and the possibility of fraud.
So it’s safe for us to find one project-nearly zero cost project.
So it’s safe for us to find one project-nearly zero cost project.
There are no full proof of distinguishing scams in crypto. Investing requires money and there's were this opportunistic people come in. They disguise themselves, so even a a project with nearly zero cost (not sure if that exists), won't scam people around here.
One thing that this scam projects offer though is the good return of investments. You should be careful when this is the sales pitch of the project.
I think any project that requires money to invest has risks and the possibility of fraud.
So it’s safe for us to find one project-nearly zero cost project.
All projects must have costs for development. The risk of fraud will always be in investment, therefore we must do research first on a project before investing to minimize the risk of fraud. So it’s safe for us to find one project-nearly zero cost project.
I think any project that requires money to invest has risks and the possibility of fraud.
So it’s safe for us to find one project-nearly zero cost project.
So it’s safe for us to find one project-nearly zero cost project.
Almost 90% are fraud and destined to fail, you can distinguish them if they are giving unrealistic profits and promises, they are faking their profiles so people cannot trace them they are afraid to show their real face because they are planning to run away with investor's money, they also have a fake whitepaper, fake location everything are all fake, if you think something is wrong on the project you are intended to invest do not proceed.
...So it’s safe for us to find one project-nearly zero cost project.
Goodluck with that strategy. The projects you normally see now that cost cents are those that has trillions and quadrillions of supply like meme coins. It is not safe to invest in these projects just because they look cheap. Buying tokens based on price without looking into other factors is a huge gamble. 
Almost impossible to find a project that didn't require money as early funding. I have been experiencing with so many projects that didn't require the funds but the developers are having all of control over the tokens and they were also selling their pre-mined token or coin to the market.
The development will always need the fund. You will never find a nearly zero cost project. I just try to told you about the reality in the market.
Did you know litecoin? this project didn't need the funding but the creators of this coin was also selling his coin to the market to get money and this time the project lack of fund to continue the development.
You are in the crypto and you must also understand the risk will always there, remember this slogan " no gain no pain"
The development will always need the fund. You will never find a nearly zero cost project. I just try to told you about the reality in the market.
Did you know litecoin? this project didn't need the funding but the creators of this coin was also selling his coin to the market to get money and this time the project lack of fund to continue the development.
You are in the crypto and you must also understand the risk will always there, remember this slogan " no gain no pain"
I think any project that requires money to invest has risks and the possibility of fraud.
So it’s safe for us to find one project-nearly zero cost project.
So it’s safe for us to find one project-nearly zero cost project.
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