Topic: How to fight so many scams among Altcoins? (Read 217 times)
What can one do? The only thing is not to be a victim and research the project before participating or investing
1.- Know the team
2.- If there are no clear funds accounting, just run away.
3.- Invest in new technologies, not new coins.
4.- Knoweledge.
2.- If there are no clear funds accounting, just run away.
3.- Invest in new technologies, not new coins.
4.- Knoweledge.
There are many scams in the Crypto world. This is the fact. The most important thing is to learn relevant knowledge and improve your recognition ability. Before investing, we should read the white paper carefully, understand his team members, understand the background of the project, and your investment risk. Will be greatly reduced
There are so many scams going on in Crypto world. Useless coins and tokens are released everyday just to scam investors. Currently we are also witnessing so many Masternode coins with crazy rate of interest. I got scammed in such a masternode recently (Brig in my case). Is there any way we could fight this menace?
Most masternode projects are just copies of another codebase with no innovations whatsoever
Researching is the best way to become better informed and lower the chances of making losses on your investments
sCAMS have become a pain for most people in the crypto market as there has been reports all over about projects coming up but with no intentions of solving problems but rather with an aim of scamming people off their hard earned money, The only way out is to be cautious with how you go about choosing your coins
Don't stop learning. Your crypto experience will help you to detect scam projects for the seconds.
All I would I sag it is very common nowadays most of the coins are introducing and scamming with innocent peoples all we can do is simply research on the base of these coins usually people advice to talk with manager In this case. But I personally don't believe in new and introducing coins.
You want to avoid many scams coint in crypto?
Some people is called with the name "crypto expert", "ICO analysis expert", ... who have more experience in this market. So if you become a person like that, you can avoid more scam coin.
Some people is called with the name "crypto expert", "ICO analysis expert", ... who have more experience in this market. So if you become a person like that, you can avoid more scam coin.
The best way to fight scams would be to not give them your money. The reason these scams are here is to make money so if they are not making any money then they have no option than to die out. If we are going to rid ourselves of this menace then we have to do it together, if you discover a scam then spread word out so other investors would know not to put their money into it.
There are so many scams going on in Crypto world. Useless coins and tokens are released everyday just to scam investors. Currently we are also witnessing so many Masternode coins with crazy rate of interest. I got scammed in such a masternode recently (Brig in my case). Is there any way we could fight this menace?
Not a new thing yet scams do even exist already since the beginning of crypto market where there are people would do sort of things which can generate them easy money. How to stop? No we cant as long there are people who do have knowledge on creating a coin and setting things up to be realistic then the cycle wont stop where there would always be a victim on losing out funds and feeding those scam devs.One thing i do believe on nearly to somehow reduce this thing is on regulating ICO.
There are so many scams going on in Crypto world. Useless coins and tokens are released everyday just to scam investors. Currently we are also witnessing so many Masternode coins with crazy rate of interest. I got scammed in such a masternode recently (Brig in my case). Is there any way we could fight this menace?
That's one of the indications with the bolded part of the quote, they offer crazy rates of interest, unbelievable ROI that the source of income is unknown, insane bonuses that attract potential investor victims, you can check scam accusations board here for the potential ICO frauds or you can check the ICO for yourself, there's a lot of pointers to consider whether the project is fraud or not, we can fight them by unmasking their true colors then inform the community or investors as soon as possible.
Thank you for your disclosure and let more people be free from such scams.
But you have to know that exposing them is not an easy task. Their means are hidden. When you find that you are a liar, you can't catch them. You can only think of your approach, report them in relevant forums and social media. .
But you have to know that exposing them is not an easy task. Their means are hidden. When you find that you are a liar, you can't catch them. You can only think of your approach, report them in relevant forums and social media. .
If people will carefully choose the projects and not be greedy, the scammers will not be able to raise a lot of money.
There are so many ICO that are scam now, Its hard to find a good project nowadays because theres a lot of scammers. To fight these scammers is you need to do it for yourself. Make a deep research about their project and also check their team. Some says if their bounty manager is good their project is good too.but i dont think so thats the basis of a good project.. The best thing to do if you dont want to lose your money is not to invest in ICO if your not sure with the project.
There is no such way to fight scammers here in cryptocurrency because most of scammers are using the identity of others aswell they are anonymous the only thing we have to do is to avoid being scammed. We need to be vigilant and also we must learn to be skeptical about investing to an ICO.
First you need to know that scams do not come to you and catch you. Obviously you go to them so proper way to avoid them is too know them clearly. There are some signs that will give you hints about is it legit or not. Like proper presentation of the project, solid whitepaper, renowned team members, good ico and bounty managers etc are the sign of good Altcoins.
I totally agree with you. The signs are written all over the wall, it's just left for us to spot them using various parameters. like:1. Public Team
2. if the amount they intend to raise is not too much for what they intend to achieve
3. Do they have a prototype
4. is the project too ambitious
5. Solid team
These points are important when you're about to invest on some ICOs, yet many people still fall for some projects with photoshopped picture of the team members and shit. Lol I don't understand anymore. Greed is hell of a drug for these people.
To not get to scammers, you need to analyze a lot. And this is not an easy matter. Sometimes you can still run into them and it's inevitable. Unfortunately, scammers are more and more and nothing can be done about this.
First you need to know that scams do not come to you and catch you. Obviously you go to them so proper way to avoid them is too know them clearly. There are some signs that will give you hints about is it legit or not. Like proper presentation of the project, solid whitepaper, renowned team members, good ico and bounty managers etc are the sign of good Altcoins.
I totally agree with you. The signs are written all over the wall, it's just left for us to spot them using various parameters. like:1. Public Team
2. if the amount they intend to raise is not too much for what they intend to achieve
3. Do they have a prototype
4. is the project too ambitious
5. Solid team
That's why regulations are very much essential in crypto. Many people sees regulations as bad thing in crypto, but I don't think so. Regulations will help elimination of many scams from crypto. Many ICO'S are just money grabs and dies after few months. Regulations will end this eventually. Also Regulations will help in building up the confidence of investors and will help in mass adoption.
What you should do is to research on the project or coin first before investing in it, or even joining bounty campaigns. This is the most important thing to do as you should see who the people are behind the certain project, what are its goals, and what do they offer as well. It is very important to be very skeptical in investing in altcoins. Also, take into account as well the hype that is existing regarding the coin by checking their websites or telegram.
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