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Topic: Is there a fake coin? - page 11. (Read 2805 times)

member
Activity: 462
Merit: 11
August 17, 2018, 04:33:09 AM
Usually fake crypto is use MLM marketing to sell their coin, like Onecoin and Bitconnect. This crypto just use ponzi shceme and fraud. Real crypto is has Proof of stake or Proof of work mining reward and less premine.
hero member
Activity: 2436
Merit: 516
August 17, 2018, 04:27:35 AM
I do not quite understand the phrase "counterfeit" coins. Do you mean the same name but another contract?
He must have meant scam project coin. Research states over 80% project result in scam, sometimes the project produce a scam coin than never survive. it either does not exchanges or do not stay beyond 4 months on the market
sr. member
Activity: 1106
Merit: 250
Vave.com - Crypto Casino
August 17, 2018, 03:57:33 AM
When you buy any coin you need to every details about the coin. You need buy coin with exchange no other third party. You also careful some airdrop where they want your private key.
jr. member
Activity: 168
Merit: 5
August 17, 2018, 03:55:47 AM
fake coin. in my opinion there is a coin that has no value and no exchange. This fake coin is found on some ico that contain scams. this was very disappointing because it was very detrimental and made a bad image on crypto currencies
newbie
Activity: 63
Merit: 0
August 17, 2018, 03:53:03 AM
I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?
Yes a lot of coin was fake make a researh on it to avoid buying fake coin because many of them are scammer if you are going to buy coin make sure that it was on the top 100 so that you are aware that is not a scam coin and choose wisely
member
Activity: 700
Merit: 10
August 17, 2018, 03:52:41 AM
I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

I think it called death project coin and not fake coins. Too many coin/token in market and its hard to determine good coin or death coin. But i identify death coin by their daily transaction volume, if they have small transaction volume, i will not buying that coin
member
Activity: 938
Merit: 14
Earn more with Earn Network
August 17, 2018, 03:51:31 AM
I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?
I don't call them fake coins, rather i call them unsuccessful coins. There are a lot of these coins on the market which are developed by inexperienced team which is incapable of carrying the coin to a success. It is always smart to read about the team members of each project before investing in them.
newbie
Activity: 43
Merit: 0
August 17, 2018, 03:32:23 AM
I think what you mean is the manner by which to maintain a strategic distance from valueless coins. There are a few ventures in the encoded world that are totally air and have no particular business or network support, and a large number of the early coins are currently at near zero, and these are useless coins. There are some new coins as of late. Perhaps they pay a few expenses when they enter the trade. We should focus on not getting them.
newbie
Activity: 24
Merit: 0
August 16, 2018, 05:54:00 AM
I think it is not the coin that is fake but the project and the team behind it because each coin in order to be listed in the market will definitely become legit first but scams happen whenever the team behind happens to plan to just get initial investors.
sr. member
Activity: 1876
Merit: 289
Zawardo
August 16, 2018, 05:35:56 AM
Yes there are many fake coins these days that not increasing anymore they just made that coin to scamming people, mostly victims are no knowledge about cryptocurrency. To avoid buy fake coins just make a research for that coin so that you know if it is legit.
newbie
Activity: 154
Merit: 0
August 16, 2018, 05:33:13 AM
I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

A lot of fake coins out there, for example they are did distributed the tokens to investors and bounty hunters. But after they distributed, thats all. The teams were gone with no updates, news , no exchangers.. Nothing.
We can called it a fake coin right ??
newbie
Activity: 17
Merit: 0
August 16, 2018, 05:28:31 AM
Ofcourse it is. Because the basic of blockchain is creating a direct market to seller and buyer then there is no control about fake coin.
Problem is that you should choose the best coin to inevst in.
full member
Activity: 406
Merit: 100
August 16, 2018, 05:25:16 AM
Of course there are, even in large numbers. Think carefully before you invest in coins, always be careful in dealing directly with these coins because this can change your life poorly.
full member
Activity: 546
Merit: 100
August 10, 2018, 07:25:58 AM
I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

I don't know if by fake you mean counterfeit, if so then now, the point of cryptocurrencies is that no one can be able to make more of the same coin anytime they want but there are  a lot of scam coins in the market which is the coins that you would want to avoid investing in. These are the coins that have no good products and are run by scammers.
member
Activity: 280
Merit: 10
August 03, 2018, 07:48:11 AM
before buy you should research about the coin project team and road map.if it is clear we can tell the coin is good and real one ,if their is no team and no project behind the coin we can say t is a fake and dead coin,so do  your own research before buy Smiley Wink Wink Wink
member
Activity: 242
Merit: 10
CRYPTASSIST.io
August 03, 2018, 07:46:37 AM
Yes, there are many such coins, many users simply do not want to study the project, so they fall on such coins. Study projects closely monitor them and you do not fall for such coins in most cases
newbie
Activity: 71
Merit: 0
August 03, 2018, 07:45:13 AM
Fake coin ? Did you mean scam? There are so many coin and someones has not a project, they just a scam. There are many topic about scams in forum.
jr. member
Activity: 196
Merit: 1
Express Gratitude With Merit
August 03, 2018, 07:42:31 AM
There are a lot of fake coins on the market at the moment. The majority of them are the coins released this year after the ICO of the project that stays behind them. After the tremendous success of plenty of projects reached by the ICOs launched in 2017, a lot of companies decided to enter crypto and blockchain market in order to make a fast fortune without any significant contributions in it and without any essential knowledge in this area. For that reason, they fail.
newbie
Activity: 89
Merit: 0
August 03, 2018, 07:37:04 AM
I do not quite understand the phrase "counterfeit" coins. Do you mean the same name but another contract?
newbie
Activity: 40
Merit: 0
August 03, 2018, 07:32:42 AM
Positively there are or could be phony coin in light of some trick extends .Those venture in the first place endeavor to sort out a high encouraging prize abundance since they need to pull in a great deal of members yet at last the flee leaving vagrant projects.These venture are phony or the group isn't

sufficiently visionary to put in awesome promoting methodologies to draw in great investors.This will surrender a phony coin and slip away
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