how to identify scam coin - page 2. | Bitcointalksearch.org

bp.comp69

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Quote from: tutchpa on November 28, 2017, 02:01:49 AM

dear friends im a newbie did lots of air drops and received lots of coins.some are telling those coins are scam.
eg-piggy,ohni
how can i identify whether they are scam or not?

I also do not know yet, how to know the coin scam, I often follow the airdrop and get the coins, from the many airdrop that I follow only 2 sapai 3 who have quality coins, maybe the project failed, or did anyone commit a fraud to take the wallet, 2 days yesterday my wallet was hacked probably because it follows the airdrop scam

Mobilelagitrens

newbie

Activity: 40

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how to distinguish the scam altcoin is from the absence of a market and the author does not have good communication as there is no communication on the telegram and is rarely seen in bitcointalk forums and does not have bounty managers and uncertain dates when

xenxen

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just read there whitepaper and roadmap see there ceo and there telegram if they are always update and check there feedback by the user.. it is easy to know if the coin is scam if you understand there platform....

Chan8

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Take a look at the development team behind the coin or project. Alot of scam coins will have unclear team ehind them, meaning not much information. Read forums regarding the coin, alot of programmers can tell you how well the codes are written or just copy and paste. Also see if they have a road map, clear plan of how they will make the project successful. But unfornatutely alot of dodgy projects or coins have seen alot of price gains on the market. Will theyast thats another question. Ut in the mean time you see alot of pumps on dodgy coins.

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

Quote from: tutchpa on November 28, 2017, 02:01:49 AM

dear friends im a newbie did lots of air drops and received lots of coins.some are telling those coins are scam.
eg-piggy,ohni
how can i identify whether they are scam or not?

if we talk about airdrops or ico then we don't know which one is legit and which one is scam because if the project is still running then they will promote the project to many place. we only know they are scam is after they launch the coin into the market but people dont interested with the coin and suddenly the coin is down into deep.

RealKhan

newbie

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If it looks too good to be true, then it’s probably a scam. There’s no free lunches

The best way to avoid falling into these various scams and shady schemes is to identify common characteristics such as: no white paper, ghost team members,guarantees of high profit, ambiguous details on how it actually works or minimal to no information on founding team or company and etc.

More importantly, it pays to acquire knowledge and understanding of how cryptocurrencies work and the underlying technology that powers them. Arming yourself with the right knowledge would safeguard you against these scams.
Scams and Ponzi schemes do not possess these common characteristics and are usually centralized and opaque.

inyakizuryel

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Activity: 378

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You can identify it by reading many articles and stuffs regarding to that ico and that might as well give you an idea if the coin is a scam or not. There are many experts in finding the coin and they are posting it so you can read it, spend time reading articles that is my advice for you

Tone147

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Many of these are rubbish, but what you need to focus on is not that they cheat, but where they will trade and sell them in time, my friends.

totnaksquad

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Revolutionising Marketing and Loyalty

If the coin is too good to be true,developers are not good,if tthey dont have existing product and if they sell their token for 50% + bonuses i wouldnt recommend it.

swaptaker

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Quote from: Dart18 on November 28, 2017, 01:09:10 PM

It aint scam for those who will just join the airdrop. You are just sending them your receiving ERC20 address and they cannot do anything with that.
It is the investors that will be buying that coin which will be affected. Due to the users that joined the airdrop and a hype in twitter or telegram they might victim some big time investors which could make them profit.
If you are just an Airdrop joiner then you wont need to worry.
How to know they are scam is they dont really have a team to back it up or they are not real person or copies.

Check their white paper and their official sources, if there is even one inconsistency in between those, they're probably scammer project members. I say this many times before. Their sources should be consistent.

captain_blood

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The Most Profitable Mining Pool

When one of the team say this magical word "TO THE MOON" Grin

Stay away from that coin, you regret investing it when the team run away Grin

mahimonliner

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Join FlipNpik Telegram : t.me/flipnpikico

If you did found some coins from airdrops do sell them when they hit any exchange. They probably hit etherdelta first so sell them there if you think they are scam coins.
Secondly there is no proven way to identify scam coin. So you have to research well on any coin before investing.

CryptRoller

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Mining. Hosting. Cloud Mining.

Some give-aways I like to check:
* bad, crappy or absent website
* copied website
* little social media activity (interacting with followers, not just spamming messages)
* team-members have actual active linked in accounts?
* coin has a contract?
* activity on BCT or newby?

detector

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Activity: 484

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★

IMO, ICO is more risky project compare with bitcoin trading but they yield more profit.
But if you want to keep follow the project, you can check their legitimacy , their feedback based on forum community or other social media reference !

Dart18

sr. member

Activity: 1400

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It aint scam for those who will just join the airdrop. You are just sending them your receiving ERC20 address and they cannot do anything with that.
It is the investors that will be buying that coin which will be affected. Due to the users that joined the airdrop and a hype in twitter or telegram they might victim some big time investors which could make them profit.
If you are just an Airdrop joiner then you wont need to worry.
How to know they are scam is they dont really have a team to back it up or they are not real person or copies.

lelecoeg

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Activity: 98

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There are several definitions/criteria by which you can detect whether a new cryptocurrency is a scam or not.

BLOCKCHAIN
The digital currency was created on the BITCOIN or ETHEREUM BLOCKCHAIN, then it has some level of legitimacy.

LIQUIDITY
It is easy to liquidate the commodity asset of your digital currency asset and turn this into other digital currencies or back to cash.

FUNCTION
The company has a business model/plan within which the digital currency or token will solve a real problem for a large channel to market.

PEOPLE
The people behind the company and the company itself have an ethical background and have not been involved in Ponzi Schemes, Penny Auctions and are operating with transparency and conservatism.

HYPE MARKETING

The policies of the company meet the standards for advertising practices of financial services and technology, as prescribe by the SEC or ASIC or similar regulatory body.
Typically this means that claims must be substantiated
HOWEVER - in most cases, the claims of Digital Currency ICOs are more generally OUTLANDISH in nature and feature HYPE MARKETING which promotes only a potential upside that has no correlation with reality.

ICO - Initial Coin Offering
Specifying terms and conditions of the downside is a legal requirement not adhered to by most ICOs. ICOs divert this by saying they are technology advisors. However, unlike IPO rules under SEC, ICOs only need a white paper about a potentiality and a funky website to solicit millions of dollars in digital currency investment.

Altero

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Quote from: tutchpa on November 28, 2017, 02:01:49 AM

dear friends im a newbie did lots of air drops and received lots of coins.some are telling those coins are scam.
eg-piggy,ohni
how can i identify whether they are scam or not?

It become a wild guess to tell if this coin is legit or not. But base on my experience, mostly fake coins have run by a newbie account. It is not safe to have a deal for newly account, unless it shows sincere with your dealings. Because it most probably scammers are hiding on it, especially in joining airdrops that requires us to send donation in return of their coins. It is better if you just ignored it and stay away from them.

Ichitaka

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What do you guys think about Lockchain?
https://lockchain.co/

Hotel Booking & Vacation Rental marketplace With 0% Commissions

I don't see much on google about it but more on facebook.
https://www.facebook.com/LockChainLOK/

black45

member

Activity: 350

Merit: 15

Quote from: tutchpa on November 28, 2017, 02:01:49 AM

dear friends im a newbie did lots of air drops and received lots of coins.some are telling those coins are scam.
eg-piggy,ohni
how can i identify whether they are scam or not?

now is so many ICO, every day always have new ICO and sure its can just scam. so we must know what thats coin is scam/ not, through the following ways
1. ICO team must have experiece peoples in crypto
2. how long thats company are walking
3. have market coin
4. whitepapers is clear

xandriel

sr. member

Activity: 586

Merit: 251

Actually, If you are investing in ICOs, it is hard to find out the scam project. But you can focus on some points to know:
- The experience of devs
- The project possibility
- The way to execute.

Topic: how to identify scam coin - page 2. (Read 1006 times)