Topic: if you want to invest in crypto... - page 7. (Read 1229 times)

True but these days even the real project can get you into trouble if DEVs decide to go numb and no longer update I have seen legit project that ended up like scam but that crypto for you 100% is basically not realistic So when you look up projects I will be good to check both angle and make sure the team have the energy to materialize the project. Maybe the team past projects and their level in the cryptocurrency market

this has undoubtedly been a big headache because what most of the time what happens is that the scammer can create fake profiles so that people are convinced that they are dealing with someone real when in fact they are dealing with a fake profile


if you look at the team members and see their curriculum, you may have a sense of what direction the project can take


one more reason for people to get smart

Scammers are also learning how to update  from how to trick possible victims, it's hard to identify and investors needs
to research more deeper in order to prevent being victimized.



Not enough as this scammers knows how to deal with that, they can fake things and they are really good doing it.

I exactly agree. Seeking for the team and prove they are real humans and not a bot or some sort of technological manipulation to lure people does not guarantee that a project is already legible and can be trusted. At times like this it really difficult to prove whether a project is safe by just looking or checking the background of the team developers because we do not really know what they are thinking inside their heads. You still in need to do thorough research regarding the project and look at every angles possible for you to convince yourself and be satisfied that what you have searched are already enough to prove it is a legit one or a scam.

Listing is an old yet helpful method to note how the project deals to success and how everything is working out. It is really good to have some sort of  choices on hand to better see good comparison between those projects and to see if into which project you must invest after seeing the results of the comparison you have in your list.

Be mentally, emotionally and physically ready when you do investment because for sure there are lots of challenges and struggles that the project will undergo which is commonly part of the process so you must keep those three equipped and healthy to carry out the challenges so you won't give up easily on the investment you will do.

These are not enough. Real people? How would you verify their identity? Also, as far I know there were people who scammed others even after being public.
Here by scamming, we don't mean they run away with your money. It is more like they start showing excuses and the work doesn't get completed eventually. In the end the project dies and investors loses their money.
The best thing is to avoid all those new projects that pop up and stick to investing on regular well known coins.

investing certainly has a high risk let alone we invest in the digital eye if you do not have the mentality and knowledge of crypto, do not invest because it will definitely bring harm

Don't put all your trust in any project on IEO. From my finding, there is plenty of bad IEO exchanges that only made to host scam IEO projects. From manipulating trade volume to not allow users to withdraw that particulate IEO coin,...

Most of the projects have their team members from Russia and still the projects succeed, I guess you should edit it and change it into, if the social media accounts are new or aren't related to blockchain having recent change in the style of writing.

Moreover many a times the people related to the project also are in dark that the owner is going to scam them and the owner uses their names for scamming the innocent investors and the people that are involved in marketing and development of the project.

Other than the team's information like you said, I would try to find how they manage their social channels like telegram, discord and such. If they try to shut down or going around any person asking about the project or criticize it, then that is a red flag for me.

I think so but that will need to consume a lot of our time just try to take a look at the track record of the members of the team. is not it better to focus on the community and product that has already made before? It will bring us into the main point to determine whether the project is a good project to invest or not. that will consume less than the first choice to identify the project.

asking for advice on this forum is probably the best. the most important thing is that you must filter all available information. because there are so many people who are interested in topics like that. Good or fraudulent projects, threads will likely help other members assess projects from a different perspective.

if you choose to use the IEO method then I think it is a very smart choice and a very appropriate choice because for now there is no good project anymore only from IEO you can get a good offer and will certainly benefit when you participate in IEO in place exchanges that are affected and have a good reputation.

I'm not sure how they got this not REAL HUMAN?
Just like asking your KYC just to prove that you are human not a robot or an animals. Well, that is very important but we can't assure that those who use their real names and Identity won't commit such scam, of course, they can.

if we would like to invest crypto, better to know more about in a certain project. Not only they have a real team member but to look how this could be more usable in the market.

There is also the audit service that usually makes a report on any new promising project. If that project is legit with a good team or just some random information patched up to fool gullible investors. If you aren't sure or just suspicious, you can always make a thread on bitcointalk to ask anyone to shred light about it.

Even if we spend much time analyzing the project and the teams, it doesn't guarantee us to find the right project because we don't know if they will not scam us or not in the future. Perhaps, you need to invest in the project with the money you can afford, so if something worst happens, you don't lose too big money, and you don't feel too sad. It is not easy to find the project because we know that many projects offer that seems too good to be true, so you must be careful choosing the project.

Analyzing will the project and the team will give you much information so you can determine if investing in their project can be profitable in the future. Perhaps you can try to analyze the existing project rather than select the new project because we don't know how good their progress from time to time, especially if the market is still at the bearish trend.

and what stops them from stealing investors money after the video call? you made a video call with the team - they said everything is fine. A year later, they collect a lot of money and disappeared. Where will you try to find them?

You know you can do millions of hours of research and still get scammed. The point is that this is the internet and here everything is a joke unless you are the one who is running the scam.

In a more professional way what I mean is, if you are investing into a legal security, like stocks, bonds, commodities then at least you have some regulatory body to back you if the thing turns out something illegal. But this is not the case with altcoins. If you want to make money put money in bitcoin and not in any altcoin.

The scammers are intelligent enough to not reveal information on the internet that can allow them to be caught, they have learnt our scam detection tactics and thus use the pseudo-anonymity provided by crypto and the internet together to run these scams and believe me they are very successful at it.

Video call for assurance.
Since it is the normal thing to do now, they cannot just decline that request especially if you are a buyer.

I think I have said this also a hundred times here in the altcoin section especially to the bounty hunters.
They want less risk, better do your homework to minimize the risk of joining a bad company to advertise.

You are right, we should be very careful when investing because without researching it is impossible to find out how potential the company is going to be, we should purchase the coin only when there are some developments in the market and it will help us to get more accurate answers from the company.

Legit people behind the project means almost nothing for it success. Idea is much more important