How to recognize scam - page 4. | Bitcointalksearch.org

MrFeasible

newbie

Activity: 42

Merit: 0

Quote from: aleksandra_kickcity on December 05, 2017, 06:03:48 AM

Hello everyone!

Today I've read a couple of articles and I've noticed that the most people are used to label each ICO as a scam. That is not fair, I know. Especially when you work in a startup launching ICO and do your best to make a project successful. However, having worked in ICO industry I learned how to recognize a scam just from one conversation with a Founder. I don't know how to explain this feeling. Probably, my subconscious translates knowledge, but I could not say a have a large experience.

So I decided to make a list of scam signs: (and this is just my own opinion)

- A founder and a team are not open.

Talking with a founder is always nice. They are usually full of energy and ready to talk about their project for hours. No matter how tired he/she is: when one is asking about a project, a founder starts talking about it with eyes burn with a fire. No matter who you are. When a founder deflects, tries to escape and avoids it makes you think that he/she just can't tell you anything important. What is more, it is crucial talking to a team. When a team member doesn't know how to answer a simple question about a product, it is also a bad sign.

In case of the lack of opportunity to visit an event and to talk to a team, you always can contact a founder and a team online. They should be open and answer patiently all your difficult questions. Even if you ask it every minute.

- Spending a lot of money on marketing isn't always show professionalism.

Just think. A company needs ICO to raise money for a company development. Isn't it a little bit queerly when an unknown company is too fancy. How? And Why? Why do they need ICO if they already have money on expensive advertisement? I don't know too Huh

- You know nothing about a founder. And you cant find any information about him/her.

Always google the founder. Always. And now I'm not talking about his/her FB page. I'm talking about his experience, education, photos, events he took part in. A founder should not be a mysterious person who came from nowhere. His background should be open to everyone.

- They don't have a readymade product.

Let's make a sober recognition. The competition is high. In the end of 2017 - the beginning of 2018 you just can't appear with an idea and ask for money. You need to develop your product before ICO. It should not be an amazing one. It could be just prototype. But investors need something real. They need to touch and try your product. However, just 16% of all ICO has a product.

And what do you think about it? What are your signs of a scam?

Not a sure fire way, but for me, when they ask users to send some currency, that's a bad sign. Also not being able to find much on the team/product online. That said, there have been some genuinely convincing scabs the past that really look legit...

Janienregado1992

newbie

Activity: 169

Merit: 0

To recodnize that a scam ! He want to sent you fro the address that he gives to you to pay your fee to get that token you want and your private key they. Need that to !! Be ware of that act

davisagughalam

jr. member

Activity: 105

Merit: 1

Googling the founder is a good idea but doesn't always work. Some project teams may decide to be anonymous without revealing their real names. That doesn't mean they are a scam. Another thing I'd add is that if their project idea seems too good to be true, then it's probably a scam.

ApocalypseNow

full member

Activity: 476

Merit: 100

Normally, experiences will teach people how to recognize scam quickly. I remember when I warned someone about the scam that he joined, he mocked me and insult and did not care about what I said and I also remember that I was like him when I was still new and joining scam investments. I'm defending the scam company because I don't know if the accusation is really true and that experience taught me to recognize scams easily.

Fatimah Azzahra

newbie

Activity: 182

Merit: 0

most of your opinion I think many people who agree and agree also with the crowd because the list of posts that you make reasonable also to be included in the mind.
but it's all still difficult to prove and think that it's all a scam.
I think we'd better explore the founders of the project in the previous project project they've handled or created.
especially in the white paper section as well.
I hope that with the various fraud modes now increasingly difficult to distinguish from the honest, it would be nice if we have to be more careful if you want to invest in ICO and do not be easily seduced by anyone if we want to invest in a project, because the money we will go out as well large enough.

CrazyJoker

full member

Activity: 689

Merit: 102

Scam sometimes difficult to determine, but the obvious signs - it's: the anonymity of the team under any pretext, a horrible or just a curve / uncomfortable site (if it's saved on this), if you collect some huge amount for a non-original project (casino, bet, poker -room). Evaluate the site, read all the documents published, chat with the administrators in the telegraph. Imagine what a general impression you have and you start to work, well, or do not start.

Tahir460pk

jr. member

Activity: 308

Merit: 4

Its a difficult to find scamers for a unprofessional person i only check that what kind of project whats media and advertising team whats the ratings and check that they are offering normal and making the much greed its a sign of scam but experts can judge more than us.

saycryptohello

member

Activity: 574

Merit: 11

it seems to me that only time can show who is a normal project and who is not. The time has already passed, we saw many ICOs projects, and reality showed that even star teams cannot make a good project.

yourselfe99z9

newbie

Activity: 98

Merit: 0

Pay more attention to the conditions. As a beginner, it was difficult for me to recognize what was not yet what the results were. Closed projects often that were chosen at random

Spoop

newbie

Activity: 101

Merit: 0

It is quite easy to spot a scam because most times these scams are always offering unrealistic profits and promises. It is always too good to be true and they do it this way so that they know that they are only getting the most gullible and greedy people to carry out these scams on. Also a scam project never has a face behind their project

nikay12

member

Activity: 230

Merit: 10

For me, you'll know it simply by knowing the manager of the project. Search their past projects if it is successful,or what. Also by kmowing if they have only a few participants then it can be a scam.

JustQueen

member

Activity: 238

Merit: 10

In my own opinion, it is easy to know or to recognize if it's a scam. First you should be expert in searching or investigating about the information of it. What are their goal, what they want to achieve until the very end.

Hopeliza

member

Activity: 216

Merit: 10

Nowadays, it is easy to recognize if it is a scam. Younwill knownit first to the admins if they are not communicating with their participants daily and not answering question maybe it is a scam. You should know also forst their all information.

maiden

member

Activity: 457

Merit: 11

Chainjoes.com

For me, you can actually recognize on your own eyes if its a scam project or not. You have to make your own research and investigation about the project before considering it as a good ico. You can see that some scam projects is too good to be true, next, if you dnt have any idea who the founder is, and you cant find any information about them. Next is, if they dnt have a white paper or it isn’t written properly and last they dnt have any readymade product. You can also check their websites, telegram community and the feedbacks about the founder and team members

phas129nnn

newbie

Activity: 98

Merit: 0

You have to be good about it in searching the good project or coin,check the dev team, their plan, with ico check the feedback about their project if good or not.

Leftneck

member

Activity: 476

Merit: 10

A Blockchain Mobile Operator With Token Rewards

Quote from: Dendy69 on December 05, 2017, 06:45:46 AM

Quote from: aleksandra_kickcity on December 05, 2017, 06:03:48 AM

Hello everyone!

Today I've read a couple of articles and I've noticed that the most people are used to label each ICO as a scam. That is not fair, I know. Especially when you work in a startup launching ICO and do your best to make a project successful. However, having worked in ICO industry I learned how to recognize a scam just from one conversation with a Founder. I don't know how to explain this feeling. Probably, my subconscious translates knowledge, but I could not say a have a large experience.

So I decided to make a list of scam signs: (and this is just my own opinion)

- A founder and a team are not open.

Talking with a founder is always nice. They are usually full of energy and ready to talk about their project for hours. No matter how tired he/she is: when one is asking about a project, a founder starts talking about it with eyes burn with a fire. No matter who you are. When a founder deflects, tries to escape and avoids it makes you think that he/she just can't tell you anything important. What is more, it is crucial talking to a team. When a team member doesn't know how to answer a simple question about a product, it is also a bad sign.

In the case of the lack of opportunity to visit an event and to talk to a team, you always can contact a founder and a team online. They should be open and answer patiently all your difficult questions. Even if you ask it every minute.

- Spending a lot of money on marketing isn't always show professionalism.

Just think. A company needs ICO to raise money for a company development. Isn't it a little bit queerly when an unknown company is too fancy. How? And Why? Why do they need ICO if they already have money on expensive advertisement? I don't know too Huh

- You know nothing about a founder. And you cant find any information about him/her.

Always google the founder. Always. And now I'm not talking about his/her FB page. I'm talking about his experience, education, photos, events he took part in. A founder should not be a mysterious person who came from nowhere. His background should be open to everyone.

- They don't have a readymade product.

Let's make a sober recognition. The competition is high. In the end of 2017 - the beginning of 2018 you just can't appear with an idea and ask for money. You need to develop your product before ICO. It should not be an amazing one. It could be just prototype. But investors need something real. They need to touch and try your product. However, just 16% of all ICO has a product.

And what do you think about it? What are your signs of a scam?

Vitalik Buterin has good scam filter. He, on one of conferences, just said: "Dear scammers, don't use ICO for your bad scam projects, please."

So. Do the same. You see ICO? Just have a contact with them and ask if they are scammers? If they answer no, everything is ok. You can participate))

I think just by asking like that can not be a benchmark.
just a scam or not usually I see it from other web reviews and analysis of yourself.

deus030518

jr. member

Activity: 224

Merit: 1

Quote from: aleksandra_kickcity on December 05, 2017, 06:03:48 AM

Hello everyone!

Today I've read a couple of articles and I've noticed that the most people are used to label each ICO as a scam. That is not fair, I know. Especially when you work in a startup launching ICO and do your best to make a project successful. However, having worked in ICO industry I learned how to recognize a scam just from one conversation with a Founder. I don't know how to explain this feeling. Probably, my subconscious translates knowledge, but I could not say a have a large experience.

So I decided to make a list of scam signs: (and this is just my own opinion)

- A founder and a team are not open.

Talking with a founder is always nice. They are usually full of energy and ready to talk about their project for hours. No matter how tired he/she is: when one is asking about a project, a founder starts talking about it with eyes burn with a fire. No matter who you are. When a founder deflects, tries to escape and avoids it makes you think that he/she just can't tell you anything important. What is more, it is crucial talking to a team. When a team member doesn't know how to answer a simple question about a product, it is also a bad sign.

In case of the lack of opportunity to visit an event and to talk to a team, you always can contact a founder and a team online. They should be open and answer patiently all your difficult questions. Even if you ask it every minute.

- Spending a lot of money on marketing isn't always show professionalism.

Just think. A company needs ICO to raise money for a company development. Isn't it a little bit queerly when an unknown company is too fancy. How? And Why? Why do they need ICO if they already have money on expensive advertisement? I don't know too Huh

- You know nothing about a founder. And you cant find any information about him/her.

Always google the founder. Always. And now I'm not talking about his/her FB page. I'm talking about his experience, education, photos, events he took part in. A founder should not be a mysterious person who came from nowhere. His background should be open to everyone.

- They don't have a readymade product.

Let's make a sober recognition. The competition is high. In the end of 2017 - the beginning of 2018 you just can't appear with an idea and ask for money. You need to develop your product before ICO. It should not be an amazing one. It could be just prototype. But investors need something real. They need to touch and try your product. However, just 16% of all ICO has a product.

And what do you think about it? What are your signs of a scam?

You are correct in what you have said, for me to know if it is a scam you have to filter their ICO. Like reading what is their platform all about to understand what is their project goal, check their website to fully understand their project. Read their white paper if it is written properly. Check their roadmap if their timeline is the same at tjeir current project time. Then lastly check their team to know who is their manager, if the member has done a project already, if their is a newbie check his progress if the bounty manager is not reachable then it means the bounty is not working well or it is not updating. The good bounty has a reachable manager. The manager should be easily reachable so that if you have concer with their project you can contact the manager easily.

isaqyomex1

newbie

Activity: 52

Merit: 0

Quote from: aleksandra_kickcity on December 05, 2017, 06:03:48 AM

Hello everyone!

Today I've read a couple of articles and I've noticed that the most people are used to label each ICO as a scam. That is not fair, I know. Especially when you work in a startup launching ICO and do your best to make a project successful. However, having worked in ICO industry I learned how to recognize a scam just from one conversation with a Founder. I don't know how to explain this feeling. Probably, my subconscious translates knowledge, but I could not say a have a large experience.

So I decided to make a list of scam signs: (and this is just my own opinion)

- A founder and a team are not open.

Talking with a founder is always nice. They are usually full of energy and ready to talk about their project for hours. No matter how tired he/she is: when one is asking about a project, a founder starts talking about it with eyes burn with a fire. No matter who you are. When a founder deflects, tries to escape and avoids it makes you think that he/she just can't tell you anything important. What is more, it is crucial talking to a team. When a team member doesn't know how to answer a simple question about a product, it is also a bad sign.

In case of the lack of opportunity to visit an event and to talk to a team, you always can contact a founder and a team online. They should be open and answer patiently all your difficult questions. Even if you ask it every minute.

- Spending a lot of money on marketing isn't always show professionalism.

Just think. A company needs ICO to raise money for a company development. Isn't it a little bit queerly when an unknown company is too fancy. How? And Why? Why do they need ICO if they already have money on expensive advertisement? I don't know too Huh

- You know nothing about a founder. And you cant find any information about him/her.

Always google the founder. Always. And now I'm not talking about his/her FB page. I'm talking about his experience, education, photos, events he took part in. A founder should not be a mysterious person who came from nowhere. His background should be open to everyone.

- They don't have a readymade product.

Let's make a sober recognition. The competition is high. In the end of 2017 - the beginning of 2018 you just can't appear with an idea and ask for money. You need to develop your product before ICO. It should not be an amazing one. It could be just prototype. But investors need something real. They need to touch and try your product. However, just 16% of all ICO has a product.

And what do you think about it? What are your signs of a scam?

Well said, but I want us to note that there are exceptions these observations
As mentioned earlier in the post, spending an unreasonably high amount of money on marketing doesn't always show professionalism, agreed!
But before we conclude on this , we need to look at the net worth of the firm coming up with this. We don't expect small firms to spend a huge sum on marketing compared to a firm with a high net worth. If it happens that a small firm is claiming to spend a huge sum on ICO then we could sense scam.
In conclusion, we all need to be watchful.

vova.andreyan.94

jr. member

Activity: 336

Merit: 1

Sometimes you look at the project and everything seems too good to be true ...)

crypt0sc0pe

member

Activity: 392

Merit: 11

Quote from: aleksandra_kickcity on December 05, 2017, 06:03:48 AM

And what do you think about it? What are your signs of a scam?

I would still have extracted to your list the quality of the website itself and the investor's area. In scammy projects, the website is usually made very cheaply, very uncomfortable and there is a desire to leave it as soon as possible.

Suppose I'm absolutely sure that the project Spotcoin is not fraudulent, because in addition to all other factors, it has the highest quality website with a comfortable investor's cabinet and all other necessary attributes.

Topic: How to recognize scam - page 4. (Read 3159 times)