Topic: How would we know which cryptocurrency would be Scam? - page 16. (Read 3117 times)
I think we can determine scam projects only in retrospective. But there are some indicators, for example the level of the project realization, its whitepaper and roadmap, functioning product etc.
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?
Well i want to know that if im joining campaign i want to know if that campaign is scam so that many people are wanted to knowing to that cryptocurrencies if that is scam but how we to know? Any suggestions about this replyMany 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?
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?
Well i want to know that if im joining campaign i want to know if that campaign is scam so that many people are wanted to knowing to that cryptocurrencies if that is scam but how we to know? Any suggestions about this replyMany 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?
In particular, forms that ask for the same information as your wallet address and private key on your google form are strictly fraudulent.
When ever someone ask you for more info than usual, that should sound an alarm in your head. New icos that ask for more then your address are trying to take info about you that they can use for robbing you later, or making some purchase in your name.I use this forum to check is some ico is a scam or not, other than that I use my common sense when I read their white paper and road map, if they promise too much I am running out, if not I think its OK. There is no other way to check new ico , maybe if you know development personally that changes everything.
I think you just need to remember this thing "Stay away from lending coin" 
). All lending coin will turn into scam so if you don't want to lose your money you should take care about the system of any coin before you invest. Except lending coin and token, I think all other cryptocurrencies are legit but not all of them are good to invest in
). All lending coin will turn into scam so if you don't want to lose your money you should take care about the system of any coin before you invest. Except lending coin and token, I think all other cryptocurrencies are legit but not all of them are good to invest in
I think that first of all you need to pay attention to the team, correctly compiled by White Paper and the website. And also how actively the team communicates with potential investors.
Scam coins are the ones that have:
a) no website or website that is shady looking
Their website is not secure and don't be deceived by the looks. There are beautiful interfaces that turned out to be a website of a scam coin.a) no website or website that is shady looking
b) no trace to the team (though some good ones have anonymity)
Scams are also grabbing photo's out of nowhere and use it as part of their team.c) no clear objective for the coin or problem to address (use case)
And they are adding that they are the best and will replace bitcoin soon.d) sell coins or tokens without project updates to provide
A literal move of a scam. 
It so hard to find which cryptocurrency is Scam, but for me if the crypto have many discount gave and give-away that's sign of Scam. For you not to be Scam, I think you should search about the crypo you want to invest or you should just invest in the Top10 crypto in the world.
You can only know whether you are being scammed or not. Other than this, you can hardly know anything regarding any of the crypto currency that this currency is being scammed or not. You main focus should be on keeping yourself secure from such kind of thing as if you will ever become of such kind of thing, then all your investment will be lost and you will be left with nothing.
Scam coins are the ones that have:
a) no website or website that is shady looking
b) no trace to the team (though some good ones have anonymity)
c) no clear objective for the coin or problem to address (use case)
d) sell coins or tokens without project updates to provide
It's not just one of these but has to be a combination to contextualize that a coin is more or less a scam.
a) no website or website that is shady looking
b) no trace to the team (though some good ones have anonymity)
c) no clear objective for the coin or problem to address (use case)
d) sell coins or tokens without project updates to provide
It's not just one of these but has to be a combination to contextualize that a coin is more or less a scam.
Check if the volume is high enough and if the team is active. If they are releasing new roadmaps, partnerships and newer versions of wallets then they are very serious to make their project successful. If they don't have all those things then it can be considered as a scam.
But sometimes at the ico level, you can't really know their genuity. They flag off with high hopes but at the time of being listed in an exchange, they die down. Meaning they made enough of their money and never bordered to continue.
Basically, I think you can know a good coin when they have their own separate wallet be it web or separate blockchain. Also when in exchange, you observe an addition of coin in the max supply - you just know something is fishy. For example, we all know bitcoin has 21million as max supply. So, any time you observe an additional coin to that, you can begin to look for an exit door.
You can just wait for the project to hit the market, see how it fairs, which is if you have the desire to still want to hold. The team that has worked on a project before and have an old profile with some reputations on linkedin cannot be compared to a team that just opened a professional account. That is a clue to always detect fast before even considering digging further.
personally I am looking to their core team and advisors, their project mission,vision is quite important as well in order to spot the scam and the comments of people who have been in that coin`s ICO before.
Very few get termed to be a scam in between due to the lack of development as well other issues that prevail in the market. In specific should not go with coins that promote to make investments without any form of road map for the future.
There are also projects that even they have an existing road map they tend to be scam at the very end of their promotion. Finding out a token that is scam nowadays is getting harder, especially those coins that are totally into coming out as a privacy coin.But to find out if they tend to be a scam, its impossible to find it out at the very beginning of their promotion.
Look closely on their progress and people who are behind their team so that you can find it out if they are legitimate working class or those names are just copied somewhere and their pictures are robbed elsewhere on internet.
Very few get termed to be a scam in between due to the lack of development as well other issues that prevail in the market. In specific should not go with coins that promote to make investments without any form of road map for the future.
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?
it is very difficult to know that the krypto is a scam or not important you should be careful choosing the right crypto and do not join the crypto based in the country of mexico because there are many mafia to deceive us. 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?
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?
Well i want to know that if im joining campaign i want to know if that campaign is scam so that many people are wanted to knowing to that cryptocurrencies if that is scam but how we to know? Any suggestions about this reply 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?
It so hard to find which cryptocurrency is Scam, but for me if the crypto have many discount gave and give-away that's sign of Scam. For you not to be Scam, I think you should search about the crypo you want to invest or you should just invest in the Top10 crypto in the world.
You can only know whether you are being scammed or not. Other than this, you can hardly know anything regarding any of the crypto currency that this currency is being scammed or not. You main focus should be on keeping yourself secure from such kind of thing as if you will ever become of such kind of thing, then all your investment will be lost and you will be left with nothing. Scams are getting so good and they are so difficult to identify certain project is a scam or not. I think there is more risk than reward. There is still opportunity to make money in the short term. but, we should do our own research and risk the amount we can afford to lose.
I definitely agree on your point in here which scammers are evolving into much better and better as the days goes by. If they are being busted up in the past they would create another one which would really be look so legit even experienced users on scam incidents do still have the chance on getting scammed by them again.This is why we should really make some research anytime we do decide to invest. 
Scams are getting so good and they are so difficult to identify certain project is a scam or not. I think there is more risk than reward. There is still opportunity to make money in the short term. but, we should do our own research and risk the amount we can afford to lose.
In particular, forms that ask for the same information as your wallet address and private key on your google form are strictly fraudulent.
When ever someone ask you for more info than usual, that should sound an alarm in your head. New icos that ask for more then your address are trying to take info about you that they can use for robbing you later, or making some purchase in your name.I use this forum to check is some ico is a scam or not, other than that I use my common sense when I read their white paper and road map, if they promise too much I am running out, if not I think its OK. There is no other way to check new ico , maybe if you know development personally that changes everything.
In particular, forms that ask for the same information as your wallet address and private key on your google form are strictly fraudulent.
When ever someone ask you for more info than usual, that should sound an alarm in your head. New icos that ask for more then your address are trying to take info about you that they can use for robbing you later, or making some purchase in your name.I use this forum to check is some ico is a scam or not, other than that I use my common sense when I read their white paper and road map, if they promise too much I am running out, if not I think its OK. There is no other way to check new ico , maybe if you know development personally that changes everything.
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