Topic: How would we know which cryptocurrency would be Scam? (Read 3130 times)
You need to do your research. You need to do some research about their team and project. That is hard issue . You can not call anybody and you can not ask about these projects. You should do your own research carefully and you need to choose best coin. There are too many scam projects but with searching their team and project you can find the truths about these projects.
Well, so far the most reliable way to invest in the top 100. Below does not make sense. The only thing if the project is very cool can be invested below. Well, it's only if you are willing to risk your money.
Scams normally don't put too much effort in it as they are not making the project to last. You can tell as you introduce yourself with the project. There are many flaws that catches one's eye
So how can i know the currency ,where i am putting my money is not a part of scam?
There is no way to be 100% sure in any crypto, the main reason - the crypto market is too young and it has too weak legislative regulation. But there is a number of rules "How to avoid scams" which you can find on the forum
I think there is no answer to your question, I have seen the project with my own mind many times, the team is promising, in reality it turns out to be a scam. Now fraudsters disguise themselves very well and it is increasingly difficult to distinguish them.
Well, I would certainly first began to look at what cryptocurrency has done over the past 2 months , and of course before a long investment, I would talk in a telegram with the creators
Take a look at Dev team and see it at github. If Dev team does not work and develop product of the project then surely the project is scam. They just created a fake project to raise capital of investors
With your own brains. You can detect a scam ICO by yourself before investing in it. Spend several hours by checking every information that could be useful like docs, team members, bounty manager and so on.
As of now there are 1500+ cryptocurrency exists in the world.
Many dead many rising and many has to come.
So how can i know the currency ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?
Many dead many rising and many has to come.
So how can i know the currency ,where i am putting my money is not a part of scam?
Or is there any other way so we can check about respected crypto might be it'll work?
From the beginning, it can be very hard to tell which kind of coin is going to be a scam when you are looking at it, so when you are looking at a new coin then what you want to be looking at is the kind of product that they have with the coin, that project is what will determine if people will want to put their money into it and if it is applicable in every day life then you can be sure that the coin will be good
usually when you find out about a scam, it's too late to do anything.
therefore it is better to buy the top coins
therefore it is better to buy the top coins
There is no one way to know which coin is going to be a good one but there is something you can do which is looking at the project themselves and making sure that you are looking at things like the roadmap and the whitepaper for the coin. You can also check out the coins on their social media sites to make sure that you are able to follow what they are working on
the simplest way is to see the soft cap. if crypto does not reach a soft cap, we can be sure that it is a scam because no investor wants to invest.
alas, even projects that have become a tough cap do not guarantee the disappearance of the team with the project. there are many different withdrawal schemes except for direct fraud. many do not want to share with investors, especially with disenfranchised investors.
the simplest way is to see the soft cap. if crypto does not reach a soft cap, we can be sure that it is a scam because no investor wants to invest.
alas, even projects that have become a tough cap do not guarantee the disappearance of the team with the project. there are many different withdrawal schemes except for direct fraud. many do not want to share with investors, especially with disenfranchised investors.
Unfortunately, we cannot be 100% sure that altcoin will bring profit. Before I buy a coin, I study the product, watch how it develops, study the team, buy a coin.All subjectively, but still helps to remove very bad coins.
the simplest way is to see the soft cap. if crypto does not reach a soft cap, we can be sure that it is a scam because no investor wants to invest.
Check the team first of all. Because if team buil big projects and worked in big companies its guarantee...but not 100%
if a project uses a unique idea and team has very experienced people the project will not be scam
although there are exceptions
The project got to be unique if I were to invest in it because that coin might be able to be exchanged for luxury items later. although there are exceptions
Doubt everything. Suspect everything. Think every project is a scam. In that way, you will be careful on what you are joining. Research is your best way to find out if it is really a scam or not. I think that's how you spot a scam.
If you are on the website of the coin looking for information and it looks like a scam when you find it, it more than likely could scam the purchaser of the coin.
You can find out the ICO that potentially scams if you can actively monitor the course and development of the ICO. Both external and internal developments. Communication in the team is very obligatory to be maintained so that the strategy for the goals can be achieved well. Other developments that you can monitor such as the team's activity in providing information in either the thread, telegram, or the web.
too much current crypto and among it there also would be able to produce. but to know the scam is a difficult thing to ascertained from among a large number of existing crypto. If you want to look for safer then at least select a Crypto was certainly well established then it is good enough to be owned for investment.
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