How to spot a Scams | Bitcointalksearch.org

Chicky213

copper member

Activity: 476

Merit: 4

Quote from: SistaFista on June 02, 2019, 10:48:44 AM

Quote from: FinnethB on August 09, 2018, 11:46:46 AM

It’s so hard to know that the ICO are scams. Unless if you’ve been a victim before. Have you heard about Myshield the first decentralized Anti-Scam platform that will definitely help us eliminate and destroy those Scams in Crypto industry. If not now then when? So join the community now. t.me/MyShield_TM

When you become a victim of scam project, you will more caution before join every ICO.
To spot scam project, it is difficult at first. If you find a trustful ICO, don't be hasty to buying in ICO, just keep attention to the project.
But now is easier to investing because IEO. You can joining IEO project because it more trusted than ICO i think.

You are right, cause one need to investigate thoroughly before investing in any ICO. Go to the profile of the teams LinkedIn, check the activities of the project on social media. Study the whitepaper, even the Telegram community activities should be monitored. IEO trend has reduced the scam rate.

ljane

full member

Activity: 467

Merit: 100

It's quite difficult yo spot a scam from the start because some projects looks very genuine but in reality, its no where genuine. Its a scam. That's why its important and necessary to find out more about the project before investing. This will help you get the right projects.

pedpedped101

jr. member

Activity: 552

Merit: 1

There are different platforms that offer the service of detecting scam projects, but not everyone of them can be trusted. I guess any of them that want people to patronize them, should first tell us and give evidence of their portfolio.
Also, scammers are these days coming up with different strategies that make it difficult to detect them. Even at that, those who have enough experience can easily spot them.

OptimusPrime_3

jr. member

Activity: 308

Merit: 1

Spotting scams are not that easy because the manipulators take their time to cover their tracks they make everything look so perfect that you can find it very difficult to differentiate a real project from a dubious one. Just be careful

siorapokk

copper member

Activity: 190

Merit: 1

The only thing that can stop scam are the regulations, but if we would implement hard regulations we will lose the major feature of all crypto currencies and this is the anonymity. I will rather stay decentralised and will avoid scams on my own.

SaRmY

full member

Activity: 645

Merit: 100

Quote from: ?? on ??

I think that it is very important that the project has an impeccable history about itself. Which is in their documentation where everything is described. This you should study very carefully. Then everything will be clear.

All these paper stories mean nothing to many. They can also share. Very easy. In general, electronic documents here will not help us. It is necessary to verify the identity of the developers. And follow their past achievements.

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

Quote from: Folajuwon56 on June 01, 2019, 07:01:09 AM

Even if you have been a victim of scam project before, it's still not easy for one to spot out which project is scam or not. Talking about the Anti-scam stuff, I haven't seen anything about it but I hope it's real.

Scam is always a hoax, which means checking all the information sooner or later you stumble upon proof of deception. It all depends on your effort.

chatedha

member

Activity: 247

Merit: 17

Some time ago, I know some project like myshield, they want to help an investor to avoid scam ICO, but now I can't find them...

SistaFista

sr. member

Activity: 1638

Merit: 251

Hexhash.xyz

Quote from: FinnethB on August 09, 2018, 11:46:46 AM

It’s so hard to know that the ICO are scams. Unless if you’ve been a victim before. Have you heard about Myshield the first decentralized Anti-Scam platform that will definitely help us eliminate and destroy those Scams in Crypto industry. If not now then when? So join the community now. t.me/MyShield_TM

When you become a victim of scam project, you will more caution before join every ICO.
To spot scam project, it is difficult at first. If you find a trustful ICO, don't be hasty to buying in ICO, just keep attention to the project.
But now is easier to investing because IEO. You can joining IEO project because it more trusted than ICO i think.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

After checking the site of the project I can conclude this project is legit or not. It is as simple as that for me. What they wrote in the whitepaper doesn't mean anything to me if there is no capable team which can count ten successful projects they were part of it.

Markperop

member

Activity: 448

Merit: 10

Quote from: Folajuwon56 on June 01, 2019, 07:01:09 AM

Even if you have been a victim of scam project before, it's still not easy for one to spot out which project is scam or not. Talking about the Anti-scam stuff, I haven't seen anything about it but I hope it's real.

I think that you are absolutely right that it is very difficult to determine an intelligent cheater. The fact is that even the most professional users of cryptocurrency, after careful analysis of the project, still cannot give a 100% guarantee that the project will be successful or authentic.

Folajuwon56

copper member

Activity: 462

Merit: 1

Even if you have been a victim of scam project before, it's still not easy for one to spot out which project is scam or not. Talking about the Anti-scam stuff, I haven't seen anything about it but I hope it's real.

baeva2

member

Activity: 728

Merit: 10

Currently it is difficult to identify fraudulent projects. They are sophisticatedly faked and look like worthy projects. You need to be very careful not to make a mistake.

syamster

hero member

Activity: 1078

Merit: 501

Quote from: ljane on May 31, 2019, 03:00:56 PM

Its quite difficult to spot a scam but there are some characteristics you can use to determine if a project is a scam or not. Some of these characteristics are the inproper documentation of the project and.some concepts which may not have sense.

You can spot scams in the crypto industry because scammers are uncontrollable as we have been doing up with scammers who were controlling the ICO projects as developers but in real they were scammers. You should get rid of ICOs because you can be scammed there but all ICOs are not scams you can find good one. However, you can get the same benefit from other alternative projects recently launched.

ra_pl

member

Activity: 251

Merit: 10

I will say it's very difficult to spot a scam in a project. Most of this scam projects, tends to have a good fundamentals, good roadmap well planned use cases and products. So it's kinda difficult to spot it, sometimes during ICOs they tend to raised money , and then lock up the whole project. It's difficult

endogan

member

Activity: 415

Merit: 10

Colletrix - Bridging the Physical and Virtual Worl

Quote from: Golstrim on May 31, 2019, 04:25:51 PM

What do you mean? If you have participated in some scams and lost money, then you know how to determine each of them.
As for me I am trying to participate in good projects and avoid scams

select projects that are really good and thorough in detail so that you are not stuck in a Scam project.
You have to be careful and not easy to trust anyone, you have to be sure of yourself.
many fraudulent projects so you should avoid them as best you can by looking at the truth of the project to be chosen.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: ljane on May 31, 2019, 03:00:56 PM

Its quite difficult to spot a scam but there are some characteristics you can use to determine if a project is a scam or not. Some of these characteristics are the inproper documentation of the project and.some concepts which may not have sense.

Concepts that doesn't have real possibilities should also be avoided, it's a sign of nothing will be accomplished along the way, those scammers always have a good sets of promises but there's nothing to provide, avoiding them is a must to lessen chances being scammed.

Sonik33

jr. member

Activity: 138

Merit: 1

Quote from: FinnethB on August 09, 2018, 11:46:46 AM

It’s so hard to know that the ICO are scams. Unless if you’ve been a victim before. Have you heard about Myshield the first decentralized Anti-Scam platform that will definitely help us eliminate and destroy those Scams in Crypto industry. If not now then when? So join the community now. t.me/MyShield_TM

Honestly I just heard and read about the Anti-Scam platform now. So far, I feel that there is no specific strategy to know and eradicate this fraud. This is evidenced by the number of victims of fraud. I just hope there are special institutions that handle ICO, IEO, and STO so that this fraud can be detected and prevented from the start. I only hope that crypto currency competition will be healthier without harming one party in an improper way.

Nwaka20

jr. member

Activity: 112

Merit: 1

There are so many scam projects everywhere, you have to check them out on social media, study the whitpaper, join the Telegram community and monitor the chats. If the team attend blockchain meets. All this help in spoting fake projects.

Golstrim

sr. member

Activity: 1456

Merit: 253

Margin Trader

What do you mean? If you have participated in some scams and lost money, then you know how to determine each of them.
As for me I am trying to participate in good projects and avoid scams

Topic: How to spot a Scams (Read 11067 times)