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Topic: How to fight so many scams among Altcoins? - page 2. (Read 217 times)

full member
Activity: 350
Merit: 110
good ico and bounty managers etc are the sign of good Altcoins.
Well, I became skeptical in relying on reputable bounty managers recently. I learned that some of the manager that I follow, most of their campaigns turns out to be a scam and a lot of members here in the forum are proving that accusation. I read the issue about them and as I saw it, it was really a scam and some of them got a red trust because of that. Maybe they are just accepting the job for the sake of the money unlike other campaign manager who really determine the ICo first if they will do their due diligence.
member
Activity: 504
Merit: 10
You can fight with scam altcoin by never holding your coin too long, when you see you can take profit more than 6% to 10% you have sell your coin. You can find another altcoin could take more profit again, never waiting for too long to take much profit until more than 50% because you can loss your money and you have hold more than two or three years. Sell if your profit was reached more than 10% is betetr than you have hold forever.
member
Activity: 373
Merit: 13
indeed a lot of scam bounty projects out there and we can not predict, in my opinion better see and read from the concept of their project, if you get a scam project we can only surrender and proceed to other projects.
sr. member
Activity: 2016
Merit: 283
Actually all problems has a solution, especially here in crypto world which is we are able to know if the project is safe to invest or not , by searching quickly the background of the project if the team behind is really a professional and has a good intention. 'cause that is the most important,.   So if you want to fix that problem always remember this useful tips , to prevent such issues and repenting .
legendary
Activity: 2268
Merit: 18711
Stop throwing your money at shit projects. Almost all ICOs and altcoins are scams. They keep popping up because there is an apparently endless stream of morons willing to give them their money.
hero member
Activity: 931
Merit: 500
Good question. I think, the most effective way of fighting fraudsters is knowladge. What mistakes do we make when we choose them, what are our mistakes in terms of knowledge and research. Unfortunately, fraud is everywhere in our world, we need to develop ourselves first to prevent scam projects as investors.
legendary
Activity: 1268
Merit: 1009
In my opinion, the masternode projects are all fishy. I would advice you to check the team first before investing. It is the most important aspect. If the members of the team have established names in crypto world then project is a bit safer. Advisors are also important, check that they are indeed linked with the project. Last but not least, check out their partnerships and if they are real. A few google searches should do the job!  Grin

Yes, that's just a new way of tricking investors into thinking what an innovative project it is.
But the underlying whitepaper might seem copied from different source with minor tweaks.

That's why everyone should do their own homework before approaching any masternode projects.
jr. member
Activity: 504
Merit: 3
In my opinion, the masternode projects are all fishy. I would advice you to check the team first before investing. It is the most important aspect. If the members of the team have established names in crypto world then project is a bit safer. Advisors are also important, check that they are indeed linked with the project. Last but not least, check out their partnerships and if they are real. A few google searches should do the job!  Grin
newbie
Activity: 68
Merit: 0
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.
jr. member
Activity: 43
Merit: 1
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?
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