They are manipulating as long as they can, sometimes they are saying that they have reached the hard cap but they can't even enter a good exchange, they just listing on an exchange which is free and no actual volume at all. So, for me, that's very obvious that they are not telling the truth, especially if they can't provide what was the actual raised, or proof of what have been collected and where are they going to use those fund.
Topic: How to Identify Cryptocurrency Scams - page 3. (Read 7130 times)
They are manipulating as long as they can, sometimes they are saying that they have reached the hard cap but they can't even enter a good exchange, they just listing on an exchange which is free and no actual volume at all. So, for me, that's very obvious that they are not telling the truth, especially if they can't provide what was the actual raised, or proof of what have been collected and where are they going to use those fund.
This article is a must-have for every crypto or non-crypto newbie.
Agreed. But actually all these things are so simple that even a child can guess them before investing.
Yeah, that's examples of TT accounts seems to be scam at first glance, but some of them are made pretty good and some newbie could unfortunately fall for it.
They are manipulating as long as they can, sometimes they are saying that they have reached the hard cap but they can't even enter a good exchange, they just listing on an exchange which is free and no actual volume at all. So, for me, that's very obvious that they are not telling the truth, especially if they can't provide what was the actual raised, or proof of what have been collected and where are they going to use those fund.
Detecting a scam is no longer a hard job for me. Sometimes, there are projects I will see and I wouldn't need anyone to tell me that they are scammers, I just see them and automatically I know that they are scammers. Some scammers are just so dumb and when you see them talk, they talk rubbish, unless you are someone without experience.
If you check some scam projects on this forum or other places, the kind of projects they post you wouldn't need anyone to tell you. And another way I easily tell scammers is through their team, I never fail to check out their team through their social handles , their activities can tell if they are real, and whether the account was created newly or not.
If you check some scam projects on this forum or other places, the kind of projects they post you wouldn't need anyone to tell you. And another way I easily tell scammers is through their team, I never fail to check out their team through their social handles , their activities can tell if they are real, and whether the account was created newly or not.
I might add some more to these in order to understand a scam cryptocurrency. Firstly, we need to check the raise amount, if it is too high, this will be suspicious. Team should put a low limit to increase their motivation for the upcoming investments. On the other hand, if they offer incredible bonuses, it is probably scam. This is pre-ICO. If they hide somehow, check these details and decide to buy their coins or not.
I will agree to you sometimes an ICO faking what they raised so when it is listed in the market they will sell it there . They faked it to create hype to investors that will look like a good coin to invest but actually they just want to sell it to investors In exchange. Since they have more of the supply they can easily manipulate the price and faked the demand by seting buy Orders They are manipulating as long as they can, sometimes they are saying that they have reached the hard cap but they can't even enter a good exchange, they just listing on an exchange which is free and no actual volume at all. So, for me, that's very obvious that they are not telling the truth, especially if they can't provide what was the actual raised, or proof of what have been collected and where are they going to use those fund.
Cryptocurrency exchange spam is one thing, but it could go worse, if while looking for some advice and way how to get funds back, we may be deceived again. There are plenty of platforms which offers help in this case and then it turns out that is another fraud. So I think it’s much safer to use services of companies focused on such stuff e.g. Coinfirm, they can reclaim stolen cryptocurrencies. Reclaim crypto is only one of many products offered by this company. Coinfirm has been on the market for several years now and has worked with the biggest giants such as Binance throughout its history. You can gain more info in this article: https://www.coindesk.com/theres-a-new-way-to-get-your-stolen-crypto-back
I might add some more to these in order to understand a scam cryptocurrency. Firstly, we need to check the raise amount, if it is too high, this will be suspicious. Team should put a low limit to increase their motivation for the upcoming investments. On the other hand, if they offer incredible bonuses, it is probably scam. This is pre-ICO. If they hide somehow, check these details and decide to buy their coins or not.
I will agree to you sometimes an ICO faking what they raised so when it is listed in the market they will sell it there . They faked it to create hype to investors that will look like a good coin to invest but actually they just want to sell it to investors In exchange. Since they have more of the supply they can easily manipulate the price and faked the demand by seting buy Orders This article is a must-have for every crypto or non-crypto newbie.
Agreed. But actually all these things are so simple that even a child can guess them before investing.
And because they know the trend to make money they will still join others even though they know it's risky because of this they will earn, In referrals. And we should avoid this because we are just bringing our crypto partners to ruin! I've seen this happen many times and it just keeps coming back.
So let's avoid it! Let's avoid ponzi investments.
I might add some more to these in order to understand a scam cryptocurrency. Firstly, we need to check the raise amount, if it is too high, this will be suspicious. Team should put a low limit to increase their motivation for the upcoming investments. On the other hand, if they offer incredible bonuses, it is probably scam. This is pre-ICO. If they hide somehow, check these details and decide to buy their coins or not.
There are many ways to identify crypto scammers, but one of the most important is to be suspicious of too profitable offers.
If its sounds too good, its a scam. Thats the easiest way to check. ;-)
for me is simple, I only rely on general information. if that doesn't meet, I'll consider it a scam, here's the criteria that I hold:
1. check the web and roadmap
2. Check sales or progress
3. what is the value of the coin
4. check social media
5. Check the telegram / discord
6. check the ICO / IEO list
7. check the market
8. check out Coinmarketcap.
if all is crowded, I consider it not or not yet a scam. if some are not updated. I assume is a scam.
Check website and road map because many ICO use fake site domain and we know about where their project location between place mention in website the same or not with place with domain, we can check value of some altcoin, never investing with coin have higher value because less interested by investor, price under $0.3 is very good for investing in IEO or ICO, never invest with coin have price above $1 because after listing will be dump. 1. check the web and roadmap
2. Check sales or progress
3. what is the value of the coin
4. check social media
5. Check the telegram / discord
6. check the ICO / IEO list
7. check the market
8. check out Coinmarketcap.
if all is crowded, I consider it not or not yet a scam. if some are not updated. I assume is a scam.
We know some ICO and IEO are scam with lower interesting by investor, always checks how many investor have buy and invest their money at some cryptocurrency project.
But in my experience, the most easiest way to spot if a certain ICO is just a scam is if they can't provide solid information about their ICO, they don't have any website or their whitepaper is just copy pasted on other ICOs.One way also is to look at their advisors. ICO's way back 2017 have some popular advisors like the creator of ethereum or waves. If they support the project then it will reduce the chance of being a scam. If they join many blockchain or crypto events then that proves they are serious about their project.
It seems to me that at the initial stage it is very difficult to detect fraud, since fraudsters also work and improve their skills in order to present information about the Project so that even more attentive and professional investors are deceived. Today, many cryptocurrency users are very attentive to the new project, and not as it was in 2016, and therefore even bad projects today look very attractive and promising.
The people that will always fall victim of scam more are investors that are more interested in pre ico, you know those investors only invest by faith and basically by the whitepaper that they read because no matter how much they try, they cannot verify the authenticity of a project from the beginning before they enter an exchange like those who wait for the project to enter an exchange first for them to fully verify if the project is according to what they promised and stand for or they have diverted from their main focus.It is also when they have entered an exchange that you will get to know if the coin is really good to be held on to as a long term investment or just to be used as short term investment. The only way one can truly get to know a genuine project is when they have entered an exchange.
Hey, this recently published article on how to avoid risky investments and spot frauds mentions our forum 
Link: https://medium.com/@Peter_UXer/how-to-identify-cryptocurrency-scams-813c32816ddf?source=friends_link&sk=da150ce8128c348da4b0dfdbf57e8e12
In that article discusses the scams of making and use of fake sites (phishing) that are similar to the original site, with several attractions such as promoting social media using women's accounts and spreading. I was expecting something more technically in-depth information and analysis, indeed the article could help to identify fake investments for beginners. But for people who have long been in the world of cryptocurrency most likely such fraud will not be useful, we know that distinguishes the official/original site with fake. Link: https://medium.com/@Peter_UXer/how-to-identify-cryptocurrency-scams-813c32816ddf?source=friends_link&sk=da150ce8128c348da4b0dfdbf57e8e12
This article is a must-have for every crypto or non-crypto newbie.
Agreed. But actually all these things are so simple that even a child can guess them before investing.
Most of the projects are showing in their platform that their project is legit and they have a long term plan for the project.
Hey, this recently published article on how to avoid risky investments and spot frauds mentions our forum
Link: https://medium.com/@Peter_UXer/how-to-identify-cryptocurrency-scams-813c32816ddf?source=friends_link&sk=da150ce8128c348da4b0dfdbf57e8e12
Link: https://medium.com/@Peter_UXer/how-to-identify-cryptocurrency-scams-813c32816ddf?source=friends_link&sk=da150ce8128c348da4b0dfdbf57e8e12
This was a great help, as a crypto user we should know how to identify cryptocurrency scams. For me, having a research was very important. We should be sure that the company has the credibility to operate to secure that they are not just decieving people. Also, as a trader we must have an experience on the actual trading of crypto asset so that we are aware with the crypto environment.
That is maybe hard maybe easy depend on what ico.
The easy way is looking roadmap, identify when they announcement match it with roadmap. Also check their social media like Linkedin, Facebook, Twitter, is it fake? That is easy if you already know how to compare it.
Hard way is looking review from the other investor, there is still many fake review. You need know why they give good review, must be keep take caution.
It seems to me that at the initial stage it is very difficult to detect fraud, since fraudsters also work and improve their skills in order to present information about the Project so that even more attentive and professional investors are deceived. Today, many cryptocurrency users are very attentive to the new project, and not as it was in 2016, and therefore even bad projects today look very attractive and promising. The easy way is looking roadmap, identify when they announcement match it with roadmap. Also check their social media like Linkedin, Facebook, Twitter, is it fake? That is easy if you already know how to compare it.
Hard way is looking review from the other investor, there is still many fake review. You need know why they give good review, must be keep take caution.
That is maybe hard maybe easy depend on what ico.
The easy way is looking roadmap, identify when they announcement match it with roadmap. Also check their social media like Linkedin, Facebook, Twitter, is it fake? That is easy if you already know how to compare it.
Hard way is looking review from the other investor, there is still many fake review. You need know why they give good review, must be keep take caution.
The easy way is looking roadmap, identify when they announcement match it with roadmap. Also check their social media like Linkedin, Facebook, Twitter, is it fake? That is easy if you already know how to compare it.
Hard way is looking review from the other investor, there is still many fake review. You need know why they give good review, must be keep take caution.
Scam project can identify with transparent team or owner, many team use fake data for their website get many investor to buy with their coins. Not according the road map we can identify cryptocurrency is look not good and have potential become scam, we can get not according road map after success ICO how long they listed coin on the exchange market and which one exchange market become destination for lsting.
My knowledge in identifying ICO scams is not very expert, for that a clue or article on how to avoid investments that are at risk of fraud is needed especially for those who are new to join in investment in crypto, but before investing there is a good thing we have to keep doing various analyzes from any source regarding a project, be it in the social media community, telegram or from the crypto forum community. The point is we must always be on guard and alert to any fraud
That's absolutely right, but the direction of the ICO trend has been decreasing since there was IEO. Strict regulations and also the market used for IEO, have made investors return by buying Jump to: