How to find scam coins - page 4. | Bitcointalksearch.org

lobat999

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Activity: 1078

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Quote from: Innocant on October 03, 2019, 06:36:43 AM

Their are lot of ICO right now are coming some of them are scam on when the time of ICO ends. So if we want to be aware of those kind of ICO must better to read more some of them information they have. And take a look sometime about the whitepaper and the roadmap of the ICO because some of them one of the important thing if the ICO are scam or not. And the team also if they are active always and have some improve of the ICO.

Indeed most ICO's are scams and I agree on most of the tips listed on previous posts to spot scam projects but I have to mention also those AIRDROP projects that were giving away free coins supposedly consisting a large portion of total supply to attract participants!

Most of them don't have enough transparency and once community bite this scheme, they tried to list the project to exchanges and will do pump and dump to victimize innocent people and once they get what they want, they leave the project without any trace - a classic exit scam! I think the community should always be vigilant about this type of scam.

ned.ryerson

full member

Activity: 756

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Oikos.cash | Decentralized Finance on Tron

Quote from: Thefrolly on October 03, 2019, 05:11:55 AM

There are really no specific guidelines towards finding scam coins. Basically, there are just a few tips and tricks people tend to follow to help them what coin is safe to invest and what coin is not, and mostly scam. Research and knowledge are two weapons to equip yourself with in order not to fall for the scam coins.

but in order to earn the skill of high-quality research of coins and to get the knowledge for this, you need to get a lot of experience, which will not always be pleasant

Innocant

sr. member

Activity: 1414

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Their are lot of ICO right now are coming some of them are scam on when the time of ICO ends. So if we want to be aware of those kind of ICO must better to read more some of them information they have. And take a look sometime about the whitepaper and the roadmap of the ICO because some of them one of the important thing if the ICO are scam or not. And the team also if they are active always and have some improve of the ICO.

Xardasim

sr. member

Activity: 1624

Merit: 250

Since scammers do not use the same trick to scam indicates that there are no standard ways to find them. I recommend follow the scam accusation section at all times, be sure it will add more information.

Quote from: Kupid002 on September 30, 2019, 11:55:00 PM

Here is the good example of scam project https://bitcointalksearch.org/topic/m.52575229

If you check it you will see that they use fake team just to start an ICO.

Many thanks to forum members helping us to reveal those fake scam ICO. Its really hard to find scam project at the start but with the help of each member we can see it early.

Scam accusation section is highly appreciated in this regard. When I investigate any projects, I also check whether the project is there or not. Even it protected me one time.

Roidz

sr. member

Activity: 1386

Merit: 250

1XBit.com

1. Team,
A company can walk and develop with a reliable team. The success of a coin is not young, much will depend on the experience, expertise, and teamwork in the team.
2. Roadmap / project target.
The Roadmap will usually announce targets and missions that will carry out usually quarterly and will notify interested people by:

Product in progress.

Product to be issued.

Presale and sale to the public.

Investors don't believe if lookout for a roadmap that is “too good to be true” because usually, it's a trick to cheat.
3. Whitepaper.
The whitepaper will inform investors about the Coin in detail from the mission, the team, to the technology to be used, Whitepaper can also be seen as a “proposal” of the coin for ICO to investors. False companies usually either do not have a Whitepaper because they are not professional enough to make an ordinary Whitepaper, or the company cannot describe their company, vision, mission and ideas in a reasonable manner.
That's a little knowledge for us to be able to avoid project scams in investing in ico or ieo.[/list][/list][/list]

bassbity

sr. member

Activity: 1092

Merit: 284

Quote from: Menawi12 on October 01, 2019, 09:25:00 AM

Quote from: quierx16 on October 01, 2019, 08:26:27 AM

Quote from: leea-1334 on September 30, 2019, 03:21:22 AM

Blame the investors. They do not want to learn,,, say to them about profit and potential and they already have $$ signs in their eyes. You do not need to find scam coins. Assume they are all scams. It is the non-scam coin that is incredibly difficult to find,,, and those who can find it will not be shilling about it for sure.

Not really hard for me if you are just not lazy to do some research about the project before investing and not just invest because they show you digits that you can earn.

It is important that when you invest in a project you trust it 100% because if not then you have a doubt about that project and you will only have a doubt because you see something wrong about the project then just ignore it.

"its better to waste time on researching than to waste money on a scam project."

It's better to do research before investing. If we don't want to do research, more we invest in tokens or coins that have already been traded on the market and in my opinion this is one of the safe choices as long as we invest in coins that already have a product.

I choose investment always researching in the future product development if they have a lot of products in my interest will I invest there? but if the team just always promises but there is no evidence I always stay the project.

Thefrolly

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Activity: 672

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There are really no specific guidelines towards finding scam coins. Basically, there are just a few tips and tricks people tend to follow to help them what coin is safe to invest and what coin is not, and mostly scam. Research and knowledge are two weapons to equip yourself with in order not to fall for the scam coins.

Ridwan Fauzi

full member

Activity: 1330

Merit: 147

Earn money through cryptocurrency is not an easy way as most everyone thinking especially newcomers, yeah I'll say just newcomers who end up in lost their all of money when decided to invest in cryptocurrency. The reason is simple, they just pick an altcoin who suggested by someone else but they didn't know the token/coin itself.

It seems like they just take a decision by hype and an emotional which should not be done to become an investor. But, they deserve to accept this situation in order to they are aware that become an investor must have a knowledge about it. There is a bunch of article such as you mentioned and indeed it should be used as an elementary knowledge for them.

lobat999

sr. member

Activity: 1078

Merit: 310

I would like to share my previous post that could be used as a checklist in determining if a coin is scam or not. I hope it will be of useful reference to other crypto enthusiasts. Please see the checklist below.

Quote from: lobat999 on May 17, 2019, 11:53:33 PM

1. Does it have a sound business plan and original and not a copy paste idea?
2. Does it already have an MVP?
3. Does it have a Github repository already?
4. Do the development team are capable in delivering the product?
5. Does the team's identities verifiable or have been verified?
6. Does it have a realistic roadmap?
7. Does the team give utmost importance to their promises and perform deliverables?
8. Does the project exercise more transparency on project related matters?
9. Does the project's tokenomics been distributed fairly?
10. Does the project have positive peer reviews among trustworthy members of the community?

Menawi12

member

Activity: 700

Merit: 10

Quote from: quierx16 on October 01, 2019, 08:26:27 AM

Quote from: leea-1334 on September 30, 2019, 03:21:22 AM

Blame the investors. They do not want to learn,,, say to them about profit and potential and they already have $$ signs in their eyes. You do not need to find scam coins. Assume they are all scams. It is the non-scam coin that is incredibly difficult to find,,, and those who can find it will not be shilling about it for sure.

Not really hard for me if you are just not lazy to do some research about the project before investing and not just invest because they show you digits that you can earn.

It is important that when you invest in a project you trust it 100% because if not then you have a doubt about that project and you will only have a doubt because you see something wrong about the project then just ignore it.

"its better to waste time on researching than to waste money on a scam project."

It's better to do research before investing. If we don't want to do research, more we invest in tokens or coins that have already been traded on the market and in my opinion this is one of the safe choices as long as we invest in coins that already have a product.

jcarlo

member

Activity: 798

Merit: 10

Quote from: ?? on ??

now there are lots of new projects or new coins being launched and you can check them out, it's easy to find or see a scam coin, before investing better check all the details of the project and the team that works behind it. as has been explained by people here that it is the best way to find scam coins so bounty hunters or the investors are not fooled.

Sometimes scam projects have very good details such as convincing whitepapers or have a good website appearance. It's hard to distinguish a scam project unless we know the details about the developer team. Many scam projects were revealed because the developer team listed was someone else's photo

quierx16

full member

Activity: 434

Merit: 110

Quote from: leea-1334 on September 30, 2019, 03:21:22 AM

Blame the investors. They do not want to learn,,, say to them about profit and potential and they already have $$ signs in their eyes. You do not need to find scam coins. Assume they are all scams. It is the non-scam coin that is incredibly difficult to find,,, and those who can find it will not be shilling about it for sure.

Not really hard for me if you are just not lazy to do some research about the project before investing and not just invest because they show you digits that you can earn.

It is important that when you invest in a project you trust it 100% because if not then you have a doubt about that project and you will only have a doubt because you see something wrong about the project then just ignore it.

"its better to waste time on researching than to waste money on a scam project."

asdalani

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Quote from: johankimmey on September 30, 2019, 02:45:45 AM

Hi!
Thanks for information! Cool

I like the information too. I hope that there is more guides on finding scams.

attech21

jr. member

Activity: 224

Merit: 1

Most of us didn't how to find or look or see a scammed coins but we have the basics to determine it like knowing the team behind the coin or the team that created the group and produces the coin. If thier was a spreedsheet so there must be also a whitepaper to see if the coin was true.

dirgayeah

full member

Activity: 868

Merit: 103

*Indonesian Professional Translator and BM*

Do you have 4 strong point from your article. and Interested with this both.

1. Know the team behind the coin

this is was same way for me when trying to investigate the project team. most of project nowadays are using fake name and photo for their team. and the stupid things when they using fake facebook account for their evangelist or angel investor and try to made us believe Grin

2. Read the Whitepaper.

bdw I'm Indonesian Translator, so of course, I must check their whitepaper as well for investigation. we should be careful with this point, due some of their concepts are irrational for using blockchain. and as investor/bounty hunter, we must be more experts to analyze this part.

BRODIN

member

Activity: 655

Merit: 10

Quote from: AliMan on September 30, 2019, 04:27:33 PM

Quote from: Vitamin_52 on September 30, 2019, 03:17:59 AM

it is difficult to recognize scammers, in 2019 I came across 3 such projects in which I invested. completely disappointed in the ICO. now I take part only in the IEO they have more confidence as the participation is on the stock exchange.

This has been taking badly from previous years, and now it's hindering lot of investors who avoided themselves in getting into crypto. Scammers will only be detected once the project was launced, sadly the ICO token listed has no definite trading value.

even very few ICO tokens are listed on the exchange, most of them do not yet have an exchange to trade. I think 2018 and 2019 are not good years for ICO projects or fundraising methods for projects. IEO is currently more profitable

Kupid002

sr. member

Activity: 1036

Merit: 329

Here is the good example of scam project https://bitcointalksearch.org/topic/m.52575229

If you check it you will see that they use fake team just to start an ICO.

Many thanks to forum members helping us to reveal those fake scam ICO. Its really hard to find scam project at the start but with the help of each member we can see it early.

manok jepang

full member

Activity: 757

Merit: 101

Somewhat difficult to distinguish, because most coins are scam because they do not reach sales targets. For me, I usually observe from the total supply of coins, if the amount is too fantastic, I usually ignore it. Well, to avoid getting hit by a scam, you can do this by looking at the bounty manager. For gift managers who already have a good reputation, the average project they bring will succeed. and one more thing can be seen from the reviews, but if ICO is very cunning, the brand will fake reviews and ratings

fosco333

full member

Activity: 1260

Merit: 100

You can find scam coin by an intense due diligence toward the project of the coin.
we will find many red flags in scam coin such as team profile, whitepaper content, etc.
The most important to find scam is the time, you will need more time so you can find them

btcholder

full member

Activity: 686

Merit: 102

Quote from: ppblockchain on September 30, 2019, 02:19:09 AM

There are many many dozens of cryptos launching each and every month, and side by side that there are many new tokens come out of a series of Initial Coin Offering or ICOs. The desire among a wide pool of people who invest for these kinds of opportunities has grown so much, even despite the fact that cryptos have been shabby in 2018.

All of these elements unite to attract scammers. In the end, if investors have shown that they have the will to throw dollars toward a highly hypothetical crypto, they seem to invest in a crypto that might be fraudulent ICOs or tokens.

Read more : https://paperblockchain.com/how-to-find-scam-coins/

Well, first of all thank you for sharing your article with us. You really are give us such a good point about knowing scam project. Keep it up. Wink

1. Know the team behind the coin
2. Read the whitepaper
3. Look for unrealistic crypto claims
4. Not being open-sourced

In your article you talk about those topic. I know about already first 3 topic but never hard about Not being open-sourced. It's seems like very good point. Can you give us more details about it..?

Topic: How to find scam coins - page 4. (Read 902 times)