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Topic: Is there a fake coin? - page 9. (Read 2805 times)

newbie
Activity: 126
Merit: 0
September 07, 2018, 07:12:59 AM
It depends on the study and awareness. We must discuss about the crypto if we want to either follow or buy or investment in crypto organization. I think that it will be beneficial and help to prevent the fakes in the market. 
full member
Activity: 473
Merit: 100
September 07, 2018, 06:56:31 AM
There are no fake coin in crypto but I will rather call then shitcoin because many of them are not legit as they are not really potential and do not really have anything to offer the crypto community and that is why before you invest in any coin, you should try as much as you can to do a very good research of it and be sure it is promising before you invest in it.
full member
Activity: 420
Merit: 100
The World’s First Blockchain Core
September 07, 2018, 06:50:47 AM
Counterfeit coins are often issued for real. You should carefully look at the coin index. For example, recently discovered a new scam-project EOZ, the last letter differs from the classic and successful EOS. Be vigilant.
full member
Activity: 333
Merit: 100
September 07, 2018, 06:48:52 AM
I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?

Yes, these coins didnt even reach the finish line of an ICO campaign. Coins without value, no communities, under-developed or you might say sh*t coins. These coins are considered no value at all.
full member
Activity: 1358
Merit: 100
September 07, 2018, 06:46:04 AM
yes they are many fake coins existing in the market and some are not yet listed, to prevent buying fake coins just research the coin and know their project if it is real or not.
newbie
Activity: 7
Merit: 0
September 07, 2018, 06:36:35 AM
No this is second biggest currency and this is the valuable currency it not FAKE coin.
sr. member
Activity: 672
Merit: 251
September 07, 2018, 06:34:48 AM
there is, now we can make two coins with the same symbol but the contract address is different
Now the ID of a coin is a contract address (if in Ethereum)
make sure the coin contract address that you have, must be the same as the contract address that the relevant coin developer informs, so that it can be deposited in the exchange
Yes it is, when we're not see this correctly, it will certainly trap us. While there are now a lots of new shit coins in the market that don't have a good dev team background. Maybe we can makes an addition a fake coin symbol on their main coin symbol which uses the same name ID as the another previous coin Cheesy
There's a quite not seen difference about this thread, fake coin is such a coin that does not exist or to be simple " a scam project". Which is different to a existing coins but has a low value or near to be useless "named shitcoins". Shit coins is existing but the real product or the service are too slow to develop or mostly they don't want to develop it at all. All they want is the money from investing, which is turn to a disaster. But like I said, that is not a fake coin.
So many ways if people want to get rich quickly through crypto and that's one of them. Create coin and website then wait for investors to get the bait. So you assume it was scam coin instead fake coin. Yes that is what matches what you mean, indeed it's have no difference.
newbie
Activity: 252
Merit: 0
September 07, 2018, 05:22:53 AM
Coins that do not have many communities, the coins will be removed and eventually disappear, let alone the project team is unable to develop.
Coins that are unable to compete will lose and lose along with time.
newbie
Activity: 44
Merit: 0
September 07, 2018, 05:12:45 AM
I met identical coins on the shoals. if it is a coin in the etherium network and there is an opportunity to compare contracts, I always look that I would not lose my money. but it's best to go into the chat and ask the admins whether their coin is traded there
copper member
Activity: 365
Merit: 1
September 07, 2018, 12:12:40 AM
Yeah! They're lot of fake coin, some are to collect your data's while some are to scam investors. Always make sure you do a proper research by checking the team behind and if the project already have a working product before joining a project
full member
Activity: 686
Merit: 100
September 06, 2018, 11:54:54 PM
Indeed, many new coins have sprung up and this is a lot of coins left behind because there are no developers or managers who manage them so they don't have any coins.
To prevent it, do not give the originals or plunge into the coin, start learning the coins in each place.
newbie
Activity: 37
Merit: 0
September 06, 2018, 11:50:05 PM
The cause of the decline in market prices that have taken place in the last few months, one of the causes is because the circulation of coins and also the fake ICO in crypto has been more intense. The negative impact makes investors reluctant to invest because the expectation of getting a high amount of profit is very small.
maybe you right, when the project is fake and dev sells the results of the funds collected causing prices to fall, because they commit fraud to investors and infestor trust is getting smaller.
member
Activity: 378
Merit: 10
September 06, 2018, 11:47:14 PM
The cause of the decline in market prices that have taken place in the last few months, one of the causes is because the circulation of coins and also the fake ICO in crypto has been more intense. The negative impact makes investors reluctant to invest because the expectation of getting a high amount of profit is very small.
full member
Activity: 616
Merit: 118
September 06, 2018, 11:31:58 PM
I just saw this somewhere on the internet. Are there any fake coins existing? How do you avoid buying fake coins?
there are so much fake coins (shitcoins) until this time, i avoid it through my own analysis, such as learning the whitepaper, looking at the website closely and also finding the information about team
newbie
Activity: 294
Merit: 0
September 06, 2018, 11:24:53 PM
What do you mean by fake coins?
I think the coin is not fake, it's just that the coin didn't develop because the development team failed to manage it. Indeed, coins are difficult to develop, and many things hinder these developments, leaving the team and its holders.
member
Activity: 322
Merit: 21
September 06, 2018, 11:23:25 PM
there is, now we can make two coins with the same symbol but the contract address is different
Now the ID of a coin is a contract address (if in Ethereum)
make sure the coin contract address that you have, must be the same as the contract address that the relevant coin developer informs, so that it can be deposited in the exchange
Yes it is, when we're not see this correctly, it will certainly trap us. While there are now a lots of new shit coins in the market that don't have a good dev team background. Maybe we can makes an addition a fake coin symbol on their main coin symbol which uses the same name ID as the another previous coin Cheesy
There's a quite not seen difference about this thread, fake coin is such a coin that does not exist or to be simple " a scam project". Which is different to a existing coins but has a low value or near to be useless "named shitcoins". Shit coins is existing but the real product or the service are too slow to develop or mostly they don't want to develop it at all. All they want is the money from investing, which is turn to a disaster. But like I said, that is not a fake coin.
member
Activity: 434
Merit: 10
September 06, 2018, 11:18:54 PM
the fake coin is clearly just that many sprung up. the more promising field of crypto is going more and more counterfeit coins are also among them. avoid that kind of thing is certainly better with doing the analysis before getting invested in it. This will at least give you an idea of the coin is it worth to invest or not.
full member
Activity: 476
Merit: 112
IDENA.IO - Proof-Of-Person Blockchain
September 06, 2018, 10:56:42 PM
there is, now we can make two coins with the same symbol but the contract address is different
Now the ID of a coin is a contract address (if in Ethereum)
make sure the coin contract address that you have, must be the same as the contract address that the relevant coin developer informs, so that it can be deposited in the exchange
newbie
Activity: 238
Merit: 0
September 06, 2018, 10:42:28 PM
Many fake coins develop for a moment, and after the manager has made a lot of profit the coin is left and worthless.
I think fake coins are present in some time and disappear after that so there is no price.
legendary
Activity: 1526
Merit: 1001
September 06, 2018, 06:42:36 AM
What do you mean exactly when you say a fake coin? do you mean scam coins? then yes, there are a host of them. this coins mean no good, and they were  in the first place created fpr selfish reasons. only a few were birthed from a place of good intentions, and didn't just succeed cos of certain limitations or some unforseen circumstances.

If there would be only "a" fake coin that would be perfect but every day there are being created new altcoins which are known as shit coin or fake coin until they prove us the opposite.
Many coins that were successful in the past have been shut down and are delisted from the exchanges because nobody is going to buy it or cost near to 1 satoshi mostly.
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