Topic: How to identify SCAMS? Got in one :( - page 2. (Read 472 times)
I think there is no guarantee for this problem after our money is taken away then lost our money, and there is no handling it is very difficult to distinguish which one is scam and which one does not all look the same and there is nothing to distinguish and most importantly when we want investing in ico looking for accurate information and see on the web apaha properly listed or just a scam
Have you invested or been a bounty hunter? You can lose money even on a promising project with smart creators. There are many pitfalls in this business
You can check their linkdin account, see if their connections are legit. Don't judge an ICO solely on its whitepaper; it may be plagiarized or greatly romanticized to deceive many newbie investors. You also have the right to demand to see if they have the proper documents for their project to operate.
Team profile with verification if real person like public appearance can tell a project is scam or not. Thats onlybtonknow whether it is a scam or not but not I mean it is good investment ot to participate in the program. There must be more research to find it
If you have experience. Find out in white paper. team development of that project. If you are a newcomer then you should explore these projects through the ICO rating websites. I like the site so much, very useful.
A lot of scams happening in the ICO market due to lack of knowledge and desperation to dive into crypto market. Although there are many ways by which you can identify these scams like: Team profiles, whitepaper technicalities and etc. But is there any way to identify when all these things are taken care of?
as I just lost some money in a scam named DenCity. Everything seemed genuine at first. what to do in such cases or for assurance?
as I just lost some money in a scam named DenCity. Everything seemed genuine at first. what to do in such cases or for assurance?
Taken care of? How can they manage to fake a team profile if you are going to look at them at a video chat?
Skype. Use it or any video chat application to see them. You are an investor. Remember that.
They will do anything so that you will get in. If they deny the possibility of a video chat then tell them you will invest it with other ICO.
There will be a chance that they will go back and will agree with you. Every dollar means to them cause they need it to continue the project which is also for their own.
Spend a lot of team reading basically. Also having some well known names into projects (like Vitalik into Kyber.network for example) helps a lot.
A lot of scams happening in the ICO market due to lack of knowledge and desperation to dive into crypto market. Although there are many ways by which you can identify these scams like: Team profiles, whitepaper technicalities and etc. But is there any way to identify when all these things are taken care of?
as I just lost some money in a scam named DenCity. Everything seemed genuine at first. what to do in such cases or for assurance?
To determine where the scams are not too hard , but it's not easy to detect it. Especially for new people entering the virtual money market. To identify a con project , find out the information about it , home founders , market capitalization, detailed information about the founders of it , the development plan as well as the future orientations , see if it's appropriate and feasible. If you find suspicious questions , they' ll help you. Good luck as I just lost some money in a scam named DenCity. Everything seemed genuine at first. what to do in such cases or for assurance?
There's no specific technique to identify scams. But, i saw a software which can do so. I don't know whether its reliable or not. You can search it on google.
it is not a guarantee, all fraud happens in because of the developer ico itself, to identify it is very difficult, in searching ico who does not cheat that must be known is a developer that has been trusted and has good repotationThe KYC procedure for developers, some kind of "regulatory framework" (maybe SEC) = a good guarantee. Not 100%, but very good. And yes, the chance to fall for the bait of scammers is very big today. But even a small security guarantee is already a lot
A lot of scams happening in the ICO market due to lack of knowledge and desperation to dive into crypto market. Although there are many ways by which you can identify these scams like: Team profiles, whitepaper technicalities and etc. But is there any way to identify when all these things are taken care of?
as I just lost some money in a scam named DenCity. Everything seemed genuine at first. what to do in such cases or for assurance?
as I just lost some money in a scam named DenCity. Everything seemed genuine at first. what to do in such cases or for assurance?
This is asked a lot of times. The reason why a lot of ICOs fail is because investors are now skeptical on joining ICOs since a lot of IcOs are scam. Some investors are just waiting for the ICO to finish and get listed just to make sure that a project is legitimate. Some ICOs are just copying other's whitepaper to make their project look real.
The way I avoid scam ICO is that I use icodrops website to pick my ICO, icodrops website list good and verified ICO's so I normally go there and find some ICO then I will continue my research on them to find the one I will invest.
A lot of scams happening in the ICO market due to lack of knowledge and desperation to dive into crypto market. Although there are many ways by which you can identify these scams like: Team profiles, whitepaper technicalities and etc. But is there any way to identify when all these things are taken care of?
as I just lost some money in a scam named DenCity. Everything seemed genuine at first. what to do in such cases or for assurance?
There are many indicators how to recognize scam, starting from team members, poorly written whitepaper, too good to be true project, self moderated thread, team using bumping service, new facebook, twitter, linkedin accounts, i think there is thread on this forum about this. If everything looks ok you can't identify it, but if you think something is strange with project move to next one. as I just lost some money in a scam named DenCity. Everything seemed genuine at first. what to do in such cases or for assurance?
That is unfortunate. There is no guarantee that you will not fall in any scam in the future. Perhaps the best weapon against these scams is experience. I know some of those who have been in crypto for quite a long time who could spot a scam at first glance.
Sometimes its impossible to know. Some scams can be really convincing with real team members and such but you still end up losing a lot of money.
very difficult to know fraud or not, identifying the team and others do not guarantee it is a good project, I think there are luck factors that contribute to this, and the other is experience. and therefore for now I have not thought to invest in ICO.
Scams are really common in these days. People try to avoid them but its not possible everytime. You need always be careful.
For bounty Hunter, I only check whitepaper, Team, and their partnership. Also check ICO rating to ensure that the project aren't SCAM. But for investment I will check Furthermore because I didn't want to lost my money.
Unfortunately many projects this Scam . and many of them look very convincing . check thoroughly will not work . even the most hoped-for , they turn out to be a bench
There's no specific technique to identify scams. But, i saw a software which can do so. I don't know whether its reliable or not. You can search it on google.
it is not a guarantee, all fraud happens in because of the developer ico itself, to identify it is very difficult, in searching ico who does not cheat that must be known is a developer that has been trusted and has good repotation
There's no specific technique to identify scams. But, i saw a software which can do so. I don't know whether its reliable or not. You can search it on google.
Jump to: