How would we know which cryptocurrency would be Scam? - page 13.

Digital_Lord

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Quote from: amih on March 06, 2018, 09:44:37 PM

a failure in a project because the lack of interest from some investors who want to join in the development of projects that use crypto based system this raises a problem that causes losses from some investors who have invested in the project. so I think the thing that needs to be done to find out if the crypto is a scam or not of course before you join the project should be the most important thing is to do a research on the project being developed in detail so that you can know the objectives to be developed by the project.

Sure, once you can make sure you are on the right track in all your ICO investment, with some proper research and most especially on the team and the availability of product, then you will not miss it.

Most look at the whitepapers, websites and roadmap and as long as they feel it is interesting enough for them, they just go ahead and forget the most important thing which is the team that would deliver. If you get that wrong, then you get everything wrong.

justdimin

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Quote from: tabas on March 06, 2018, 02:53:13 AM

Quote from: jtbcoins on March 04, 2018, 12:30:29 PM

I think 80-90% of altcoins will worth nothing at the end of year. I prefer to hold Bitcoin or Ethereum.

This is why I prefer most with bitcoin and just forget and abandon most of my altcoins and sell it. Most of the scams can be found through ICO's, there's a big hype of the ICO and it is making the whole crypto market big because projects are popping like mushroom everywhere, every hour.

In the aspect of it making the whole market big though, it is not bad, since that is giving the cryptocurrency space some attention from investors, but the diversion the whole ICOs, both the scam, shit and good ones have been creating sometimes from the real deal can be appalling and that is causing so many investors to start getting greedy, but at the end of it all, as long as some of us know how to play safe around it, then we should be fine without forgetting bitcoin as the main focus.

For someone like me, knowing cryptocurrency as a scam is even more heart breaking if I end up falling prey out of stupidity to scammers. I have been investing in ICOs now and I have never gotten scammed for once and as long as I keep doing what I have been doing, then I will always be fine which is making sure I investigate the team thoroughly before anything else. I do not need to have all the coins; just the right ones are good enough for me.

Kiweikoo

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Quote from: richminded on February 22, 2018, 06:24:56 PM

Quote from: atjiat on February 22, 2018, 04:15:59 PM

Quote from: Cryptochuchis on February 20, 2018, 05:38:33 PM

Hey, in my opinion, investing in ICO's is a bit dangerous... most of them are scammers. So in case you are planning to invest in a ICO, make sure you do your research. Get to know more about the project, their team, check their website... Try to check every single thing, that way you will reduce the risk of losing your money due to a scam. Hope it helps! Grin

at least from this there is no means to protect yourself from fraud. Even with full information about the Project, you can still be deceived. Scammers also know what they are doing and trying to be as convincing as possible.

Definitely, some of them succeed on their ICO but failed to work for their project after that. It's hard to tell now which ICO's are legit cause most of them works very well on their site and even with the team so if you don't want to take much risk better not to participate on any ICO, or if you really want that project then participate but don't expect something in return for just a year.

And this was the reason I stopped investing on empty promises. As long as a team cannot show their product or give some proof of having one, then I really do not bother myself and it even depends on the product anyway. I am looking to always investing in the long run, and investing in empty promises these days no matter how solid the team may look sometimes, you may run the risk of bag holding shitcoins.

Digital_Lord

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Quote from: kcollins1971 on February 24, 2018, 06:35:20 AM

I am not a crypto pro but usually when you see a coin that has like price 75% gains for the last 24 hours and only has like $324 dollars in volume....that drives me nuts but there will always be scams and it makes it hard for me to decipher between a coin that may be legit but just not have a lot of publicity yet or a coin that has two or three jerkoffs trading coins to pump it up.

Lol. You do not even need to be a crypto pro before you know it is a shit coin, and that sort of shitcoins are plenty a lot on Yobit and HitBTC. No offense to the fans of those exchanges. I am sure no one will even want to claim to be a fan anyway.

Not all coins roaming the market are alive, some are dead already and just waiting for time before they fade out completely and those kinds of coins are the type you just mentioned because the fake devs have all pumped and dumped on all the holders a long time ago.

YellowZapdos

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i just hope it is not
the subject is gaining its popularity so more and more people start investing in crypto ico. I myself invested in several projects because i believe it's legit and worth the money (both fiat and crypto) invested in VLB ( decentralized registry wherei nformation about vehicle ownership, insurance history, repair and maintenance records will be recorded in partnership with Qiwi and IBM) and also Sharpay that is a new share and multi-share button for websites with blockchain-based rewards of content promotion for users.

Cosbycoin

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Quote from: etron on March 06, 2018, 10:14:21 PM

there really is not a crypto project scam, because they have experienced a decline of currency from the investors, so the project is considered a scam, if you want to invest your money better be careful, you better research first before starting investing that project is good or not.

There are more than 100 crypto coins and that so far, we haven’t heard of even a single crypto coin which has been declared as scam or any other thing like that.

There are definitely some coins which are not that much worthy that you should invest your money into it and that it is an impossible sort of thing to know about any of the crypto currency as scam as there is no such technique available which can help us know that.

Kevin77

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Quote from: etron on March 06, 2018, 10:14:21 PM

there really is not a crypto project scam, because they have experienced a decline of currency from the investors, so the project is considered a scam, if you want to invest your money better be careful, you better research first before starting investing that project is good or not.

There is always going to be scam and what you said is even contradictory. If there is no scam, then why would you need to do research before investing ?

A lot of investors have been victim of scammers who gave them promises and immediately after the ICO carted away with a lot of the investor's funds. As long as you do a thorough research and taking the originality of the team into consideration first as well as all the achievements they have had in the past, it would make it easy not to fall victim for such scams.

Arkham Knight

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Look for red flags. Check if they really have an office because it's the usual setup of a scam crypto. And another one is fake profiles. Their names should come out anywhere when you search them on the web.

etron

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there really is not a crypto project scam, because they have experienced a decline of currency from the investors, so the project is considered a scam, if you want to invest your money better be careful, you better research first before starting investing that project is good or not.

amih

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a failure in a project because the lack of interest from some investors who want to join in the development of projects that use crypto based system this raises a problem that causes losses from some investors who have invested in the project. so I think the thing that needs to be done to find out if the crypto is a scam or not of course before you join the project should be the most important thing is to do a research on the project being developed in detail so that you can know the objectives to be developed by the project.

cp3mc

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Crypto scam is real and it's heart break to lose your money. We have to me extra vigilant to trash out the bad cryto project. The future is bright and we have to put things in order from now

katrimans

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The only ways you can identify cryptocurrencies that will turn to be scam at last is just by falling victim of their scam, or getting early information from someone who did, unless you’re too smart. If you’re smart, then you already know what to do, the strategies you can use to uncover their dirty secret.

First thing you will notice is that they always look unprofessional. No need to go further, some people already mentioned them.

tabas

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Quote from: jtbcoins on March 04, 2018, 12:30:29 PM

I think 80-90% of altcoins will worth nothing at the end of year. I prefer to hold Bitcoin or Ethereum.

This is why I prefer most with bitcoin and just forget and abandon most of my altcoins and sell it. Most of the scams can be found through ICO's, there's a big hype of the ICO and it is making the whole crypto market big because projects are popping like mushroom everywhere, every hour.

Bitlord88

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Quote from: zhekinsp on January 22, 2018, 07:37:38 AM

Quote from: tirthraj on January 22, 2018, 03:37:07 AM

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?

No crypto currencies are scam,everything is real.But the truth is that they will lose their value in some years this caused by decrease in the demand of the coin when days passes.So it is very important to pick the right coins by means of future usage.
Many coins are created for the sake of just earning money so they will left the coin without any development once they got enough profits from the project.So we have to pick the coins with good development team.

If you still want to invest on good coins you can pick the coins based on their market cap value so the chance of losing your investment might be less.

I agree with this, almost most new cryptocurrencies just exists to topple up what Bitcoins standing in the market is, those nuisance cryptos take the chance that maybe they will do have the same market share as those high players in the cryptocurrency market. Personally I think it is better to invest to those sturdy crypto just like Bitcoin as these are sure to grow and expand even more and become more stable in comparison to other cryptocurrencies.

VclDm

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Quote from: niceone on March 05, 2018, 06:51:11 AM

Well to be sure check the background of a cryptocurrency a lot of crypto is not a scam it's just that sometimes their project failed so by checking the background of a crypto and it's whitepaper you will have the idea if this coins has the potential to rise or it will just gonna end up crashing, another thing to look out for is the research team of the project or coin try to search about the background of the people that created the coin it will help you see if the coin will gonna crash or it will gonna rise.

Be sure to always check the project thoroughly before investing, but sometimes you also encounter some fraudulent projects. What you need to do is keep track of the project so you always know how the community reacts to the project to make the most accurate decision. Currently the cryptocurrency market is receiving great attention from investors so it is an opportunity for fraudsters to take advantage of the property of others.

futuret

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Quote from: eann014 on March 05, 2018, 06:40:53 AM

We can see a lot of scams on altcoins section, especially to those who offers airdrops. You can still notice if they are legit or not. Just read all about their campaigns, and look at their spreadsheet form if they are requesting with your private keys. Don't ever give your private keys because private keys are just created for your security.

It should be the public key which has to be involved on the public platforms and never a private key, so first of all do check the security because this is what effects us the most in all the way. After that you can see the papers published and what is the system on which the currency is working. Never go for the shortcuts in this because to get the heavy profits fortnightly, we always end up loosing the money in our hands.

niceone

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Well to be sure check the background of a cryptocurrency a lot of crypto is not a scam it's just that sometimes their project failed so by checking the background of a crypto and it's whitepaper you will have the idea if this coins has the potential to rise or it will just gonna end up crashing, another thing to look out for is the research team of the project or coin try to search about the background of the people that created the coin it will help you see if the coin will gonna crash or it will gonna rise.

eann014

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We can see a lot of scams on altcoins section, especially to those who offers airdrops. You can still notice if they are legit or not. Just read all about their campaigns, and look at their spreadsheet form if they are requesting with your private keys. Don't ever give your private keys because private keys are just created for your security.

rhayot

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It is really hard to find whether the cryptocurrency is a scam or not but you can check their sites with great whitepaper and platforms, you can make a comparison to those cryptocurrency that you've encountered. And also the most easiest way to determine if the cryptocurrency is not a scam, you can check in coinmarketcap because all good cryptocurrencies are listed there.

bitgolden

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Quote from: gabinsight on March 03, 2018, 04:56:16 AM

Well obviously some cryptocurrencies are introduced with a foundation to scam investors, but thats very few compared to the number that is actually introduced for a good purpose. Well as for those introduced for a good purspose one of the reason they finally turn out looking like scam is the fact that couldn't meet the expected target so the coin ends up being almost worthless. At such situations some the cryptocurrency inventors gets discouraged and closes the campaign with the little they have earned.

It is really very much difficult for anyone of us to get to know about this thing that any of the particular crypto coin is scammed or not until and unless we fall victim of the scam of that particular coin. Just by looking at the coin, it is very much hard to predict anything like that.

However, you can get to know but for that you need to experience that coin first and then can let others know about that scam.

Topic: How would we know which cryptocurrency would be Scam? - page 13. (Read 3150 times)