Topic: How would we know which cryptocurrency would be Scam? - page 5. (Read 3150 times)

Cryptocurrency can't be a swindle whether it solely abide in the activity symbolizing trading. You contractor be referring to the volatility itself

If that coin was listed on the exchange and can trade, I don't think there is any scam here. If you don't earn profit from it, it's simply a failed coin, not a scam coin.  Did you mean about scams in ICOs?

I generally encourage individuals to pay special mind to in any undertaking before wholeheartedly contributing, is the group, not at all like this venture The Dbrain group is comprised of industry-famous experts and has just propelled a few AI items that we will develop the Dbrain stage.

Moreover, which sane ICO will even want to quickly give up their mission in such case when obviously people are not that gullible to fall for such crap ? That is even the last thing anyone should be looking for in terms of ICO level, as there are other major factors which are realistic like the team, the project and their plans for the future, but the team most especially.

some of coins now is dead and some of it is doing well because some crypto are scam. because its so diffucult to find the scam.

I don't generally think there is trick in digital money, the thing is that heaps of them lose esteem mind time.What individuals ought to took out for is the one with great qualities and that have incredible thankfulness with time. Digital currency regards contribute on.

There are so many crypto currencies in the overall list of the crypto currencies which are there and that their number is increasing as newer crypto currencies are being introduced with time. Amongst so many crypto currencies, it is hard to find out any kind of scam till the time you don’t make an investment in that crypto currency yourself. Invest only in well reputed currencies to avoid any kind of loss.

Well, if you are a fan of ICO (getting into projects before they kick off), you could go through different ICO rating platform to get reviews on the project. Check to see if you can reach any of their team members and get to understand their project. If you can do all these, then I can say you are 70% far away from scam.

It is going to be pretty difficult to know that. Of a truth, we can not conclude all are scam, and I do not think we can say because they failed to reach softcap means they are no scam. Some reached that and failed to do the needful. Background check on their white paper, research team would be if help. It is a risky adventure altogether. One can either make or Mar.

I dont think that all cryptocurrency are scam. Some just did not make it since they were not able to get enough funds to make their project successful.

imo Menlo One is most probably one of the best projects of 2018. I think it's only a matter of time before it gains mass adoption.

I think all the coins you've listed are worth investing in. However, Menlo One is a little different in a good way since it opens the door to future ICO opportunities which means that this project is potentially huge.

I trust the various sites , such as icodrop and icobench , I find the projects there ....I don't know how to spot a scammers

To know whether the ICO is scam or not is very very difficult. But,m we may know the criteria of them. first is the unclear project and very high promising project. The token allocation and its supply are very high. The community is not active. Or sometimes, their team members are not belonging into the real person.

Crypto scam and not indeed a hard thing to predict much less for beginners because the already senior just sometimes there is still wrong. see the team behind the crypto is the important thing. with a good and experienced team then could be the right growth crypto to be better for the future. But if the team can be said to be anonymous, so don't take the risk for it.

I believe in Menlo one almost as much as I believe in projects related to renewable energy (GreenX & WePower). One thing they have in common is that they are both game changers which means they could literally change in a positive way, how we view ICOs and power consumption respectively.

Like picking a real currency - Know the Original, then the fakes will stand out.  

There are certain Common Features of Legitimacy that can help you avoid the landmines:

#1)  Is it based on an idea that can clearly be Market Disruptive by solving some inefficiency/annoyance in current  paradigms?

RATIONALE:  Even if it's not a scam,  it has to eventually be profitable or the effect on you will be the same as a scam:  Dollars in and $0 out.

#2)  Is this coin's Whitepaper coherent, realistic, and brief?

RATIONALE:  While Whitepaper's are "a dime a dozen",  if someone can't explain to you in a short paragraph (even in one sentence, while standing on one foot), WHAT their objective is, then their idea; though it may not be a scam, is not focused enough to trust with your talent or your stored labor (your money).

#3)  Is this a single entrepreneur with an idea or a head entrepreneur with a small team of different subject-matter experts with Vision, Marketing, Technical, Administrative, Legal, and Administrative skills.  

RATIONALE:  One person with an idea had better quickly put a great team together to get past the sticky Scam-Trap starting line.

#4)  Is this enterprising team TRANSPARENT?  Do they have a Master Schedule?  Are they ON SCHEDULE?  Do they have a handle on costs?  Have they stated what they are doing NEXT and how long they expect it to take?  Will they promptly answer your tough questions and those of others out in the open?  Are they honest about the RISKS they (and you) face?  Do they have means to show real-time whether they have a prayer of penetrating the Market - that the Market is taking more notice of them each day, that others whom you already trust to have as much or more knowledge as you are positively inclined toward them?  

RATIONALE:  Figures don't lie, but liars do figure.


Crypto is here to stay!  Consider the condemning jeers of the horse lovers around the turn of the Century around 1900:  

- Horse lovers jeered automobiles:  They're too noisey.  
- They require their own mechanic to ride along.  
- The tires don't last.  
- Gasoline is hard to get, but horse-feed is everywhere.  
- They get stuck in the mud!

Yet; today,  automobiles are everywhere.

This is No Longer the time to be skeptical of shared-ledger crypto algorythms.  It's a time to maximize gain potential at the lowest risk potential.

Below is a legitimate paradigm and matching ICO in progress for your consideration:
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Javascript Enabled Coin (JSEcoin): https://platform.jsecoin.com/?lander=3&utm_source=referral&utm_campaign…

OBJECTIVE:  Be the first "Publicly Accessible CryptoCoin".

GOAL:   JSEcoin will achieve this goal by disrupting the massive Web Advertising Industry; thus, enabling Webmasters to monetize their sites with software who currently have no serious alternative to obnoxious, in your face, Ad-Craziness.

SOLUTION:  The Browsing User can unobtrusively pay their browsing freight for a given website through an ad-free, hassle-free, or ad-minimal method; thus, the user visits the website hassle-free and the Webmaster can pay for their website's existence.

OTHER BENEFITS:

- Far more mining energy is saved than for Bitcoin and similar "server farm" mining, because JSECoin uses what currently is wasted energy from underutilized CPU cycles of user browsing.  The browsing computer is on anyway, and huge numbers of CPU cycles (i.e. electricity and time) are wasted, simply because the browsing computer is turned on.  Use those wasted cycles and save energy and dollars.

- Every user HAS TO Opt-In or not (Unlike sneaky coins that steal your CPU cycles, this is a voluntary arrangement.)
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Even if you are a sure crypto-skeptic, you still have curiousity!  If you are curious at all whether crypto-currency has any real/lasting Market-Disrupting potential that you may be missing, invest 5-10 entertaining minutes examining  

https://platform.jsecoin.com/?lander=3&utm_source=referral&utm_campaign…


DISCLOSURE:

- I like JSECoin's intelligent ambition and believe you may very well like it too.

- They have achieved their first milestone in the current ICO and will be listing on Exchanges after the ICO

- Their track record of doing what they have said they would do is EXCELLENT!

- I can understand this one!

- I do NOT work for JSECoin.

I guess it's easy now to detect if the crypto is scam as we have all the resources to check if it is legit or not. Most of the crypto are legit,  however in some cases  the developer abandon the project or it has a low support from the community. They have no demand on the market and new crypto came which is better the previous one.

Although it maybe very hard to know crypto which would be scam or not because even the scam ones also have very good features and things that will really attract investors but it is left for the investor to do a very deep research before investing in it. For you to know, I think you should read the whitepaper very well, if it doesn't state clearly the idea, products and it oesn't have good dev and management team with good records, then you should not invest in such crypto.

I think, that each of us has a lot of methods to know, which cryptocurrency would be Scam, but I usually look at the activity of the team, as I believe, that the development of the project will depend on this very much