Topic: How would we know which cryptocurrency would be Scam? - page 20. (Read 3117 times)
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.
Most Crypto-Currencies are created with the intent of bumping its price fast without legit demand and then it dumps forever, or after some pumps and dumps it finally dumps forever and the currency is dead. I think that would be the "scam" you talk about?
It's hard to escape this kind of AltCoin if you are looking for AltCoins in general, the safest way to avoid going through this path would be by investing in well known currencies, those who you have sure the demand isn't fake, those currencies traders are using in a daily basis. And if you want to try a strange AltCoin that is being launched soon and that promises huge profit, make sure to find more informations about the project and look for opinions about it, if you have doubts in particular about an AltCoin/project, ask about it.
It's hard to escape this kind of AltCoin if you are looking for AltCoins in general, the safest way to avoid going through this path would be by investing in well known currencies, those who you have sure the demand isn't fake, those currencies traders are using in a daily basis. And if you want to try a strange AltCoin that is being launched soon and that promises huge profit, make sure to find more informations about the project and look for opinions about it, if you have doubts in particular about an AltCoin/project, ask about it.
There were some cryptos in past which later turned into scam projects but almost cryptos are legitimate these days because people are now aware and can easily detect intention behind project. You should carefully choose a good project by doing research on their development team, social media profiles, roadmap, etcitra. An example of successful and carefull team is Postoken.org, Soferox.com
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?
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?
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