Topic: How to Identify Cryptocurrency and ICO Scams! (Read 215 times)
There are indeed scams in the cryptocurrency and ICO projects. As investors, they should diligently collect information about the project, strengthen research on team background, read more white papers, and improve their ability to distinguish. As the government should strengthen the supervision of ICO, develop relevant The law, take measures to resolve these scams.
well in my opinion, the main causes why cryptocurrency or ICO become scam is depends on their team behind the project
why ? if the team serious with their project and try to build trust from the community i believe a cryptocurrencies or ICO will not be scam my friend
why ? if the team serious with their project and try to build trust from the community i believe a cryptocurrencies or ICO will not be scam my friend
Thank you for the article is quite informative . I learned a lot for myself . since I'm new
Here is the blog on how to identify scam ICOs, there are main tips: https://icoguide.com/en/blog/how-to-identify-scam-icos but I think except all this general tips and advises, intuition also works.
The easiest way for you to determine if a cheating bonus is your community is if you join the community and have a high number of participants but are not very active.
A very useful post, Currently a scam project has been greatly improved and makes some investors or newbies like me easily scammed. Anyway besides this thread lately the SEC made Fake ICO which tries to educate crypto enthusias to conclude an ICO is a scam or not.
Check here: https://cryptocurrencynews.com/icos/ico-news/sec-launched-fake-ico-howey-coins/
And here: https://bitcointalksearch.org/topic/annicohoweycoins-the-only-bitcointalk-endorsed-ico-guaranteed-profit-3920469
Check here: https://cryptocurrencynews.com/icos/ico-news/sec-launched-fake-ico-howey-coins/
And here: https://bitcointalksearch.org/topic/annicohoweycoins-the-only-bitcointalk-endorsed-ico-guaranteed-profit-3920469
Very useful information and I think that it will be easier to find the necessary ICO. Now, unfortunately, it is very difficult to get into a bad project
Gather some informative information regarding with there project and have some background study with the team and also read the white paper if they have.
This is probably correct. We need to be a critical thinker in ordee to analyze everything. At the same time we need to gather data or somewhat proofs, or maybe information in order to have a better judgement. Also do not believe easily on someone's opinion even if that someone stated a fact. Trust only yourself and your intuition.
Indeed, for beginners, these are things to be concerned about.
In particular, the prospects of an ICO, which is very important, for a project to be successful, you have to have a good outlook, then you have hope of success.
In particular, the prospects of an ICO, which is very important, for a project to be successful, you have to have a good outlook, then you have hope of success.
it is already done in every ico, obeying government regulations in ico is required by doing KYC on every investor, and the rule is valid for the reason of avoiding money laundering from all corrupt state officials, to protect public investors from fraud the government has not fully pay attention to it , so investing in crypto has big risks that must be faced on its own
KYC is only for citizens of a country that does not allow it's people to participate in an ICO. Besides, government will be having a hard time in regulating cryptocurrency due to it's anonymity. 
I had a few bad luck and I got caught up in the scam. Now I still have tokens that no one needs and I can't sell them. But I think that Scam projects a little less
Honestly, Government should take steps towards these scams. I suggest things like regulation on ICOs and to make sure that every ICO in their country is compliant to their law when it regards to cryptocurrency. An international that countries should agreed upon so that people around the world could enjoy cryptocurrency more and to avoid these projects. But as I see it, government bans and its just silly because they didn't consider those small people and freelancer who uses bitcoin to receive their payment for services rendered.
it is already done in every ico, obeying government regulations in ico is required by doing KYC on every investor, and the rule is valid for the reason of avoiding money laundering from all corrupt state officials, to protect public investors from fraud the government has not fully pay attention to it , so investing in crypto has big risks that must be faced on its own
80% of the encrypted currency is worthless in the end, and at present, it only has the value of hype. 90% of ico is a fraud, which is to swindle investors' funds.
To recognize a bad project, I look at the team, what kind of experience the team members have, how many people are on the team.
Nice, but next time you could try sourcing your information... That could give you some more reliability and the original authors some credit.
Here is the link to its likely source for anyone interested: https://www.investopedia.com/tech/how-identify-cryptocurrency-and-ico-scams/
Here is the link to its likely source for anyone interested: https://www.investopedia.com/tech/how-identify-cryptocurrency-and-ico-scams/
information that is very useful for us all as a bounty hunter and for investors so we are more selective in choosing the ICO project that we will follow. analysis is our shared responsibility. ranging from bounty managers, investors and bounty hunters. so that we all escape from fraudulent projects
This is certainly good information for beginners. But still, unfortunately, if you follow all these tips, then there is no guarantee, because the ICO project can still be a scam.
Honestly, Government should take steps towards these scams. I suggest things like regulation on ICOs and to make sure that every ICO in their country is compliant to their law when it regards to cryptocurrency. An international that countries should agreed upon so that people around the world could enjoy cryptocurrency more and to avoid these projects. But as I see it, government bans and its just silly because they didn't consider those small people and freelancer who uses bitcoin to receive their payment for services rendered.
I think you seem to be missing one of the most important issues: open source，Too much attention should be paid to the open source code of GTIHUB, because the open source code can judge the quality of a project.
How does an open source code affect the quality of the legitimacy of a cryptocurrency? Open source codes are free stuff correct? Just need to know because I'm usually just talking to the team,doing some background check and reading the whitepaper in order to determine if its scam or not
Thanks for your sharing. This article is very useful for me and those interested in ICO Scam.
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