Topic: How would we know which cryptocurrency would be Scam? - page 8. (Read 3150 times)
If you new on crypto currency, you can't understand which is real and which is scam. For this, you should need deep analysis. You can check their social media, roadmap, team and how potential the project is.
So lets say we have 1500+ candies in a jar, all has the same sizes but different flavors and manufactured by only one company. You doesnt even know which candies has a factory defect unless you unwrap it or guess by its deformity. Just like knowing what are scams on the ICO. All has same nature but different purpose. Some can tell by what listed on the ANN thread or whitepaper and is obviously seen. Some just pops up when you are already investing in 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?
Identifying a legit or scam project is really hard, but there some other ways that might help you to lessen the risk in investing in ICO's. Like reviewing of there whitepaper if they really have a project that is having a great potential and can be useful to its owner, and identifying the members behind the team if they are really credible members and not fabricated only.
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?
The only risk free method of not being scammed when selecting a coin is to only buy bitcoin and no other coin if you do that you will not have any chances to get scammed, the moment you choose to invest in an altcoin your risk goes higher, but if you insist to do it take the time to read their entire ANN thread, I know that will take a lot of time but you will see a lot of information about what people tought about the coin at the time. 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?
i don't think there are many scam cryptocurrencies, at least not that I am aware of. But still you should read the white paper, learn about their team and do a little background check. You will find out whether its scam or not.
There are many altcoin who have disappeared after a while. it's true. But there are many problems when a business fails or it is not viewed as a scam. But in the crypto market, scam is always a sensitive isue. There is no solution to verify scam related issues. You should be vigilant and trust high altcoin on the cmc.
I just hope ,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
Certainly white paper should be looked at and road maps should pass. In addition, information about the project team should be collected. Finally, it is important to look at whether the project has an investment plan to claim money.
The better way is to research white paper in order to judge for a good ICO project. I already did for a project SciDex. Looks everything legit and genuine.
I think it is hard to find which cryptocurrency is scam. I usually use to observe market cap of a currency and mostly I think that one should invest only in famous currencies like, bitcoin, Ethereum, Ripple, Litecoin and many more. No need to invest in any anonymous crypto to avoid yourself from scams. This is the best way in my opinion to be safe.
When investing in a speculation, or a new ICO, it is difficult to predict, the future outcome, you can check the parameters and decide whether it has a good layout, but that doesn't guarantee that it would survive when in the market.
The most effective way to avoid scams and failed projects would be to invest in already established altcoins, and top currencies.
The most effective way to avoid scams and failed projects would be to invest in already established altcoins, and top currencies.
There are some crypto currency that are made to scam people in order to make profit so they make it crowd funded and when they reach their desire market cap it turns into a scam. I have not seen an ico asking for private keys but any ico doing that should be immediately labeled as a scam since there is not a reason for them to be asking that
Scammers are everywhere especially when it comes to that of the electronic world and the world that is there on internet. Since crypto currencies do need to have an internet. Nobody know early altcoin project will be successfully or being an scam altcoin but you can minimize the risk with do some research regarding upcoming altcoin project but it will not ensure you will get decent answers
You will never know if the crypto is scam or not. You can check their spreadsheet if it is updating or not you also check some review on their projects. You can also check how many join the project we can never tell until the project ends. Since the cryptocurrency market was born, analysts have identified and judged that investment is fragile and unstable. However, this is a great opportunity and potential
This is an important topic. However, we need to understand when to call a shitcoin, scam coin or fake. This mean different thing in different sense. I guess scam is promising a value and not delivering and probably going away with people's fund from ICO
The better way is to research white paper in order to judge for a good ICO project. I already did for a project SciDex. Looks everything legit and genuine.
I think it is hard to find which cryptocurrency is scam. I usually use to observe market cap of a currency and mostly I think that one should invest only in famous currencies like, bitcoin, Ethereum, Ripple, Litecoin and many more. No need to invest in any anonymous crypto to avoid yourself from scams. This is the best way in my opinion to be safe. 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?
acctually when cryptocurrency had appear in the market, it's not scam. Just when the price down, the value of it was lost. 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 necessary first of all to look at the technology of the coin itself. The team that leads this project, the road map. generally in general to study the market. Many startups go well. I wait when finally the correction is over. I like the green market more 
The better way is to research white paper in order to judge for a good ICO project. I already did for a project SciDex. Looks everything legit and genuine.
When investing in, there are pointers that indicate legit ICOs.
Scam ICOs won't have reputable members in their team.
Also the projects social media accounts are usually misinformative, and unresponsive.
A scam project usually doesn't have a working product that targets a long-term solution.
Scam ICOs won't have reputable members in their team.
Also the projects social media accounts are usually misinformative, and unresponsive.
A scam project usually doesn't have a working product that targets a long-term solution.
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?
By conducting a detailed research; reading their white paper, checking their road maps, Is the team reliable(And by reliable I mean have they got some good projects in their portfolio) and checking their ratings on ICO rating platforms such as icobench.com, icodrops.com, Icocreed.com.
Jump to: