This type of projects brings fast money if you know your ways but not advisable for newbies, some projects only deserve your money for few weeks and take instant profits once you see their volume increasing, it's why I made much money from meme coins this year, I knew they are not good but still invest and took profits asap.
I did similar this winter with p2e games get in early and get out after some time. Long run bad investment but makes profit in short term.
Topic: Its a big red flag - page 2. (Read 311 times)
A common method used by scammers. Scammer was using the project as money machine that already promised to the newbies if it can be used to give them money anytime. This is very similar with the ponzi mechanism where the holders will get daily reward from holding their tokens but scammers took the native coins and it will be running away with it soon. I think that people aware if a common trick like this will never work for twice and people being so careful with their money. It's a big red flag with there was a project that already promised non sense ROI in a short time. I see some even promised hundreds times of ROI for the investment that already made to the such scam project.
Many people now follow crypto money projects, so the number of scams may increase a lot. If we don't notice the formations such as the Ponzi scheme, we will incur great losses. Think about it a thousand times before making an investment.
Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
It is totally obvious, people must be dumb not knowing where did the money came from and still go for it. I once see a project like that and in the last moment they were just a mere ponzi scheme. They even paid great amounts of money promoting their site and in the end the ones who participated gets a negative trust. It was called bizillion. Despite the obviousness, people don't bother to investigate and the money is gone when they have tried to. Id rather focus of the development of the product than to invest in something like that.
Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
well, this is the same as HYIP sites that often happen. such projects are more often about profit percentages than the work they do. however, it is not worth choosing a project because of its profit, not because of its function and benefits.If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
Another thing, many projects sell their tokens for very large bonuses, sometimes more than 50%. Well, I think a project like that has a purpose only to attract investors to invest. investors will think that profits above 50% are very good, so they dare to invest. Unfortunately, such investments sometimes don't end well. Yes, this happens very often.
What I often see is that they offer DeFi projects with sustainable profits. however, they have no progress on the project at all.
there is only a staking platform, farming is like DeFi in general, which is sad what they promise on an ongoing basis is bullshit because after a month has passed they disappeared by selling all tokens from the developer and running away. however, this kind of scam I also encountered in token sale projects, they usually give discounts of up to more than 70% in their promotions, every day promoting sales, how much they sell, and not updating at all what they are doing. I'm always wary of those dangerous projects.
there is only a staking platform, farming is like DeFi in general, which is sad what they promise on an ongoing basis is bullshit because after a month has passed they disappeared by selling all tokens from the developer and running away. however, this kind of scam I also encountered in token sale projects, they usually give discounts of up to more than 70% in their promotions, every day promoting sales, how much they sell, and not updating at all what they are doing. I'm always wary of those dangerous projects.
Projects that promise guaranteed profits should be avoided because the team implements the Ponzi scheme concept in the whitepaper, especially on many new projects, stays away from investments from low reputation projects and must actively analyze projects for investment decision considerations.
I think we should start to realize that Ponzi schemes are not a good thing,it's better to just avoid it if the project applies it, that's why it's important to do research first,
it is clear that everyone has responsibility for himself regarding his decisions
I usually look for solid and practical use-cases of the specific project and see to it that there is going to be a big demand of the said use-case either with the current market or into the future. Determining which of the new projects in the market will make it can be a hard thing to do since there were good projects that are now six feet under the ground. All one can do is to analyze according to what we know and then leave many things on the table for possible some luck. Just make sure that you are not dealing with an outright scams or frauds especially perpetuated by people who already got history of scamming people.
Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
You are talking about a pump and dump coin where they only care about making big money from late buyers and they don't have any plan to further develop or update their project and once they got some profit, they abandon it and create some new bait and the cycle goes on until now. Investors should be vigilant, especially those new ones where they think altcoins are the same, well, they're not and the best thing to do is not rush to invest when you see the hype, rather stay focused and relax and think of it twice before doing any first move.
We all know many projects since crypto is widely known by the general public, not a few certain parties take the opportunity to profit from the projects they create.
This problem has mushroomed in the crypto world, they managed to enter the crypto market world and lock 1-2 exchanges, selling and running is what often happens nowadays, our OP is aware which projects are worth investing in and which are not.
This problem has mushroomed in the crypto world, they managed to enter the crypto market world and lock 1-2 exchanges, selling and running is what often happens nowadays, our OP is aware which projects are worth investing in and which are not.
Unfortunately, that is the direction that majority of the projects are taking. Although of course they need to present the technical side, it is very obvious that many of the projects we have right now are nothing but profit-making attempts. While they have whitepapers, a development team, planned products, roadmaps, etc, we could easily tell that they are only presenting these to comply with the basic. Behind all these presentations is the only agenda which is to make profit.
We also invest to make profit, the only way for investors to make profit is to invest early provided that we know that we are in a right project. Since some good projects no matter how good their perspective and idea of what their project can achieve once they see money and got blinded in the idea of having it without doing anything in their project will be the start of the dump of their project. ICO before have bright future and the ideas were too good that after they got money from investors they just left and make their project a scam.but some investors like to invest when the token is open for trading on the market. and they just came in. indeed can avoid the risk of tokens not being listed on the exchange. but it does not cover the risk of fraudulent projects. nowadays many are listed on exchanges and traded but the development team is missing.
Unfortunately, that is the direction that majority of the projects are taking. Although of course they need to present the technical side, it is very obvious that many of the projects we have right now are nothing but profit-making attempts. While they have whitepapers, a development team, planned products, roadmaps, etc, we could easily tell that they are only presenting these to comply with the basic. Behind all these presentations is the only agenda which is to make profit.
We also invest to make profit, the only way for investors to make profit is to invest early provided that we know that we are in a right project. Since some good projects no matter how good their perspective and idea of what their project can achieve once they see money and got blinded in the idea of having it without doing anything in their project will be the start of the dump of their project. ICO before have bright future and the ideas were too good that after they got money from investors they just left and make their project a scam.That is why the risk has gotten so high in terms of investment in cryptocurrency projects. There is the risk that the project might not be successful despite all its efforts. There is also the risk that the project is nothing but a scam. As you've said, there is also the risk that even if the project is legit, the development team might be blinded with how much money they have that they will lose sight of development and instead run away with the money.
Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
In my opinion this is the most easily recognized feature of fraud.
Only those who take advantage of the public sale as a trend and explode the hype just like that they will run away with our money as soon as the public sale ends.
I am very sad because their target is people who are new to investing in cryptocurrencies so easy for them to rob. The most important tip is never to be greedy in investing.
This is just a game of psychologists but is heavily exploited by bad people to scam.
Yo, most scammers are professional, they have will not talk about money directly, rather hint towards it more, indirectly. They have also grown as anti-scam methods have increased and people started becoming aware. The old promise of big returns is now only working on smaller groups of hyped newbies.
The bigger scams that are difficult to detect are the ones where the team stops development and leaves and then some investor usurps the company and goes to hostile takeover. These cannot be stopped by community efforts.
Technical details not be discussed is fine to some extent since most of us here are not tech people, but investors. Even then someone must verify and check those too.
The bigger scams that are difficult to detect are the ones where the team stops development and leaves and then some investor usurps the company and goes to hostile takeover. These cannot be stopped by community efforts.
Technical details not be discussed is fine to some extent since most of us here are not tech people, but investors. Even then someone must verify and check those too.
Unfortunately, that is the direction that majority of the projects are taking. Although of course they need to present the technical side, it is very obvious that many of the projects we have right now are nothing but profit-making attempts. While they have whitepapers, a development team, planned products, roadmaps, etc, we could easily tell that they are only presenting these to comply with the basic. Behind all these presentations is the only agenda which is to make profit.
(......)
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
Indeed! They are more focused on how to collect money from people other than working on their projects.If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
This is the most scam project these days, they want people's money because they know they can't deliver the project so they will start on the money. This is already proven especially last 2017 - 2018 during ICO fever.
Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
Maybe it will be seen in the projects that will be released where the team will talk about how investors can get a lot of profit in the future.If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
They can easily convince potential investors that their project will thrive in the future.
Unfortunately, investors take their word for it without finding out more about the project.
It is what makes many investors deceived by those false promises and they end up losing their money.
You already know what and how a project will try to deceive potential investors, so hopefully, you'll know how to avoid it.
Agreed, So many people have been getting trapped. Im sure that any scam projeect have no reliable source to get the money to be distributed to the its investors. I have learned a lot from so many cases if the fact that this is the worst thing that always be mentioned by scammers to attract its victim. People never learn from their mistake and they are still making more and more mistake by investing in the garbage project like that.
Those scammers keep doing shit by releasing more and more scam token to the market. I personally think that if this will be a disaster for long term.
People will blame crypto caused by this but only those without any knowledge about crypto
Those scammers keep doing shit by releasing more and more scam token to the market. I personally think that if this will be a disaster for long term.
People will blame crypto caused by this but only those without any knowledge about crypto
Avoid investing money on projects where their main point and focus is on the profits you will make, they promise fake guarantee also a a safeguard method that will make you very rich..this is a big red flag
If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
That's mostly it is and most of them are meme coins. If all the team talks about is money that you will earn without any explanation how they will make that happen and also no technical professionals behind it it's a big red flag.
These kinds of projects usually result in hype coins which are only talked about profit, technically there's no real usage which is possible, it turns out into a shitcoin in the future. This project should be avoided for a long-term trader not unless you are willing to risk or gamble your money.
We have been witnessed a lot of projects on CMC at Top Crypto Gainers And Losers. As you can see, most of the top gainers are purely hype projects.
Projects that promise guaranteed profits should be avoided because the team implements the Ponzi scheme concept in the whitepaper, especially on many new projects, stays away from investments from low reputation projects and must actively analyze projects for investment decision considerations.
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