Topic: How we know scam altcoin project - page 4. (Read 1323 times)
It's very difficult to find out about a scam altcoin project, that's because almost all altcoin projects end in scams, this is more than 90%. It is very difficult to avoid it, sometimes an altcoin project has succeeded and won a hardcap, but in the end it turned into a scam and eventually hurt. A project that will become a scam usually has signs that it has been inactive for a long time, usually on social media it is increasingly rare to update. Then always postpone payments even for months. Actually there are still many features, but to make it easier to find information on ICOdrops, this will help a lot.
to verify if the project is scam is difficult.. even some experts cannot tell also.. but if you dig deep specially into their their is a chance that you can verify the project if scam or no
if you study all the available information and delve into their documentation, team names, and so on, it still does not give a full guarantee of success in participating in this project. To date, there is quite a lot of project, whose coins have no value comma although therefore, the company ico everything went quite well for you.When you do a research on the exchange, you can see the volume of trades, liquidity. In this case, it is not matter whether the project is scam or not.
it was difficult to be able to avoid or choose a project that was not a scam, because what I had experienced when I attended a bounty program, although I have seen it in terms of white paper, background, investors and other things. but always in vain and hit by a scam. but I don't know if my analysis is wrong.
to verify if the project is scam is difficult.. even some experts cannot tell also.. but if you dig deep specially into their their is a chance that you can verify the project if scam or no
if you study all the available information and delve into their documentation, team names, and so on, it still does not give a full guarantee of success in participating in this project. To date, there is quite a lot of project, whose coins have no value comma although therefore, the company ico everything went quite well for you.
Bitforex is an exchange which engages in nefarious fraud practices to take advantage of unsuspecting crypto projects wanting to list on the exchange and consumers wanting to trade. Projects should avoid listing on this exchange unless they want to lose their funds.
https://medium.com/@sallyalexon/bitforex-the-biggest-wash-trading-exchange-in-the-world-8245e9ca910a
https://medium.com/@sallyalexon/bitforex-the-biggest-wash-trading-exchange-in-the-world-8245e9ca910a
to verify if the project is scam is difficult.. even some experts cannot tell also.. but if you dig deep specially into their their is a chance that you can verify the project if scam or no
if you study all the available information and delve into their documentation, team names, and so on, it still does not give a full guarantee of success in participating in this project. To date, there is quite a lot of project, whose coins have no value comma although therefore, the company ico everything went quite well for you.
to verify if the project is scam is difficult.. even some experts cannot tell also.. but if you dig deep specially into their their is a chance that you can verify the project if scam or no
A project is a scam if the team members are fake, and sometimes they will say that they already reached the softcap even they just only started thier token sale, and another one is no one is answering question on thier telegram group.
Even i see that many project team was real and project is looking so transparent, huge success but after token sell end they raised couple of million dollars and go to scam. And some fraudulent team assuring before token sell their token will be listed in the major exchange. 
Money ,,, everyone need money.. Some people choose the right way some not..
I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?
I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?
like this, bro, everyone who has been in this forum for a long time or not seems like the same. because it identifies scam projects and projects that don't scam it is quite difficult. so I think we need careful thinking so that we are not fooled by scam projects.
For me the most dangerous is downloading wallet. Most of altcoin wallets need to unlock antivirus and many times also other protections of our desktop or mobile. Unfortunatelly scam projects use that way to infect our systems and try to steal our money. Before I download anything i make really big and long research about project.
How effective are your studies as a result? In my opinion, even dollars and closer study of the project still cannot guarantee you real success. In any case, there are risks.But I hope that the situation should change for the better soon.
For me the most dangerous is downloading wallet. Most of altcoin wallets need to unlock antivirus and many times also other protections of our desktop or mobile. Unfortunatelly scam projects use that way to infect our systems and try to steal our money. Before I download anything i make really big and long research about project.
How effective are your studies as a result? In my opinion, even dollars and closer study of the project still cannot guarantee you real success. In any case, there are risks.But I hope that the situation should change for the better soon. Money ,,, everyone need money.. Some people choose the right way some not..
I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?
Here is one good thread to learn how to find them,though ofcourse this needs your effort and knowledge also https://bitcointalksearch.org/topic/how-to-protect-yourself-from-scammers-3415026 but atleast you can have some points from the comments below I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?
And heres another one to prevent scam sites as this was used by manynd victimized alot
https://bitcointalksearch.org/topic/how-to-know-if-the-website-is-a-scam-there-you-find-it-4456502
For me the most dangerous is downloading wallet. Most of altcoin wallets need to unlock antivirus and many times also other protections of our desktop or mobile. Unfortunatelly scam projects use that way to infect our systems and try to steal our money. Before I download anything i make really big and long research about project.
The cryptocurrency world is highly decentralized and unregulated, making it very susceptible to fraud and forgeries and many coins are susceptible to be a scams.
Investors should research in the credibility of the project through assessing the credibility of the developer and teams.
a clear white paper outlines everything that an investor might want to know about this coin.
By doing this, you are increasing your chance to find projects that can lead you to a possible success, with how the team behaves will revealInvestors should research in the credibility of the project through assessing the credibility of the developer and teams.
a clear white paper outlines everything that an investor might want to know about this coin.
the potentials of the said tokens, everything that too good to be true promises mostly will open project and raise an ico's then scam investors
money after.
Based on my experienced, here are the list. First thing is check the project, is it a repeatble project or a project that same like others, if yes just leave it. Check the team behind the project, the team members usually have a photo and linkendin link. Check it out and if the photo is from google, then it's a big red flag, check their whitepaper, join the telegram group, check how active the team or admin there answer the question from members or investor and many else.
The cryptocurrency world is highly decentralized and unregulated, making it very susceptible to fraud and forgeries and many coins are susceptible to be a scams.
Investors should research in the credibility of the project through assessing the credibility of the developer and teams.
a clear white paper outlines everything that an investor might want to know about this coin.
Investors should research in the credibility of the project through assessing the credibility of the developer and teams.
a clear white paper outlines everything that an investor might want to know about this coin.
Its hard to generalize, but basically I make my judgement based on the "look" of the website and the whitepaper. Very rare to nothing updates on social media accounts are also a red flag for me.
Sometimes we found out it easily but it sometimes they really hiding it. They know also of what scammers are doing and they strategies it for not caught easily, and it sad that many were become victims of these people. It is our own instinct and our observation of a certain project to know if that is legit or not. It is very important to read feed backs and so we are all aware.
Yeah I think we all agree that the lists that we all came up with are NOT accurate and will NOT give you 100% assurance that the project youre promoting are 100% legit. As a bounty hunter, I feel like I owe it to my audience that I shouldnt feed them wrong infos and scam ICOs. I would never exchange my integrity over some tokens whether big or small. The first sign of malice on the project, i would stop promoting immediately.
Money ,,, everyone need money.. Some people choose the right way some not..
I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?
In my experience, phishing projects often have false signals about Team's information, making ambitious goals and promises. Such as they will be able to achieve 100 million dollars hardcap at the end of the project.I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?
In addition, they do not have a lot of practical activities and just add poor quality articles to Medium, Twitter or facebook.
See these signs and stay away from them.
Money ,,, everyone need money.. Some people choose the right way some not..
I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?
I new in this crypto world.. N newbie in this forum.. You guys that have a lot experience must be know the sign of scam project..
Can you tell me ?
Just research the project as much as you can, and you will likely find some red flags if any are there... so what the coin is supposed to do, the team and their history, quality of website is often a good indicator, white paper full of buzzwords but little of any substance etc... the list goes on, but many scams are quite easy to spot. Those that ask for KYC for airdrops are probably worth avoiding as well - not necessarily scams, but certainly not worth the risk.
You need to follow it for a very long time and continuously watch the project's activity. These scam projects often have no products and and the dev team has very little activity. You should stay away and should not invest in these projects
Jump to: