Topic: How would we know which cryptocurrency would be Scam? - page 19. (Read 3133 times)
cryptocurrencies which is offering lending service with daily or weekly profit more than 10% i think this is could be identified as scam cryptocurrencies because basically they're running MLM or Ponzi scheme impersonate cryptocurrencies and currently i saw several altcoin has properties just like this and people have to avoid them because basically cryptocurrencies does not offering the profit for the particular time
All cryptocurrency are good, but as the time goes by its value decrease or gone. Because of some reasons.
So to avoid that, we should check first the cryto currency we will going to invest with. Check all the information you need to know if that crypto is good or not.
And try to invest or join in a ico that has a good or trusted developers. In that way we can avoid some scam ico.
So to avoid that, we should check first the cryto currency we will going to invest with. Check all the information you need to know if that crypto is good or not.
And try to invest or join in a ico that has a good or trusted developers. In that way we can avoid some scam ico.
We cannot determine whether a specific ICO Bounty and an altcoin is a scam. But we need to learn the basic and that is to check the white paper.
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?
if you want to play it safe in digital currency,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?
is a bitcoin that has a great chance to make a profit and not a SCAM.
but if you want to gain multiple benefits,
look for a promising project because there can be very visible if the project is potentially a scam
To me i only put my money on any i c o with real devoloper that displayed their profile team..
It base on the development like they spread that for free so the price go grow and if it's going down then you can call it scam coin because if it's go down like the price go no value then turn to scam or token also,You can also check it if the developer is already trusted here in crypto so youcan trust that but for i think if they give some free then i try their coins or it's already in some exchanger.
i think those crypto currency are the currency which loose their volume and they turn to be scam, and i think the coins who are not be mined is they will be turning to me scam in the long run. Much better to choose well know coins to make your investment safe or lessen the risk.
Read their whitepaper. Check their developers. Ask questions about their token and its primary purpose. Though none of these might totally let you know if the coin is a scam or not as at first none of them are scam, but you will have the slightest idea if the project is worth investing in or not if you check these things before. One more sign that I see a lot of times that makes it suspicious is the promotional rewards are way higher then how much they should be. It probably means they are trying to attract more people to advertise their service and let the coin get some value and then they might take the money collected from ICO and run away with it.
Interacting with their team is probably the best way to decide whether a project is legit. Ditto on at the whitepaper, roadmap and bogus airdrops. Most of the time if a coin is airdropping a huge number of coins, it just shows that they don't value their own coin very much. If they did they wouldn't be throwing handfuls of it away...
In my view some ico try to promote their projects sending pm and requesting to invest on their ico without having even an Ann thread. This lets me think that those were scam coins, but haven't thought of making an investment and experiment the truth.
it happens in me many PM's i received from the newly registered account is promoting their token , and it let me think that they maybe a scam coin but lets not set aside those ICO that they have their own thread promoting their coin and at the end of the day it is a scam.
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 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 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.
More of like some ICO projects are scams but the currency itself is legit. It's just after the ICO stage devs abandon the project with the outsource funds, leaving the currency unregulated.
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 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 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 dont know what part of the world you came from but you need to read up and learn a lot more, not just about cryptocurrencies, but learn more about the world in general.
The truth is, cryptocurrencies are an easy medium for scammers to create ponzi schemes.
If the cryptocurrency gone with no reason and lost its value in instant.
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?
One of the things that I look for when a cryptocurrency has a potential to be a scam is a coin like bitconnect. When a coin has a guaranteed return then it would be like a ponzi scheme because nothing is guaranteed when it comes to crypto. There are many lending coins that are emerging nowadays and I can see that most of them has a scheme like bitconnect so avoid this kind of coins. In this forum alone, you can check the sentiment of the people in a coin by looking at their post in the announcement topic of the coin. You can also check those ICO rating sites if they have a good outlook of the coin.
Almost all the cryptocurrency is right. Only few of them even below 1% we say that scam. Actually they are not in the scam rather losing their value because of massive degradation of demand and not in use. So, while a business is not demanded in the market how their business makes the money and the value of share. These tokens are like a company share. So, the value is reflected on it. Also, these occurs may be the company's brand value of degradation or the business is not done well.
In my view some ico try to promote their projects sending pm and requesting to invest on their ico without having even an Ann thread. This lets me think that those were scam coins, but haven't thought of making an investment and experiment the truth.
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 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 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.
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?
checking developing team and coin chart will really help you to know Scam cryptocurrency from real.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?
try to invest in specific coins like bitcoin and ether will be safe more than unknown coins.
this is new market and in future this number will back less than 100 coin.
Read their whitepaper. Check their developers. Ask questions about their token and its primary purpose. Though none of these might totally let you know if the coin is a scam or not as at first none of them are scam, but you will have the slightest idea if the project is worth investing in or not if you check these things before. One more sign that I see a lot of times that makes it suspicious is the promotional rewards are way higher then how much they should be. It probably means they are trying to attract more people to advertise their service and let the coin get some value and then they might take the money collected from ICO and run away with it.
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?
Even a scam coin have some value so if you are playing on them thru trades, then you must know that chances that you might be wrecked on the way is possible. There are people who plays even on a shit and scam join because their purposes is only to take advantage of the volume and not on the technology of that cryptocurrency itself. Risky after all.
If we about to point on crypto project that undergoes crowdfunding, you can't really say at first if they are scam because at most of the cases, their roadmap and future developments are really promising at all and the technology behind on that coin is so unique. So for me, to minimize somehow the risks, they must be transparent all the way. My main consideration is they must establishing a regular seminars and meetups, media appearances and everything related to that.
So for your own safety, learned also to make a self research before throwing money on a specific coin. Reading community's feedback about that specific coin might help you as reference.
I think you need to analyze first if the project is good. If it regularly updates or not. Moreover, if you have some background in dev, make sure to scrutinize the site or platform first before buying a coin from that site. Do some extra research if you must. If it's a super duper new coin with very few feedback, do not invest in any coin yet. If you want to invest, do not put a big amount of money in that coin. Make sure your investments in coin are spread out in case something happens.
And read whitepaper and look at roadmap. See if developers did what they planned on roadmap in past, did they delivered or not. Look too at github do they have lot of commits.
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