Topic: Its a big red flag (Read 310 times)
I myself, if I want to invest, focus on buying crypto that has been listed and has good fundamentals, then diversify into several cryptos and long-term hold and crypto daily trading is also high risk because crypto price movements can go up and down very quickly every day at least this way is much easier. safe for future 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.
Right.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.
Good projects are those that explain how the project was developed so that we know how we will benefit instead of talking about how much profit we will get without us knowing how they work so that it can give us a profit.
Indeed this is always stuck for investors who want to get quick profits so they do not realize that it is an offer that only gives a false lure, Many projects like that work teams do not develop their projects as much as possible because they do want to forgive investors for profit alone, so things like this are very rare for us to develop so that we do not fall into fraudulent projects.
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.
True. I always question any project that promises huge profit, and not just only the ones that are promising huge profit, but all of them. I always make sure that I understand what the project is all about and how the team plans to be making their own money, then I evaluate with how much they promise to be giving their investors to see the possibility of that and know whether it is going to work out or not.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 I don’t really see the possibility of what they are promising, then I am out of it and not taking any of those risks.It’s very important that everyone gets to assess anything they see before they decide to take part of it. Some people, especially those are new to this make the mistake of not checking properly.
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.
it's validIf 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.
a project should provide a concept and also provide a roadmap of a real long-term investment plan before releasing it to the public.
a project that has a real and clear goal usually doesn't always look for big profits, they focus on the project journey. So, if there is a project that gives a lot of promise and is big in terms of money, I think it's a fake investment
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.
The risk is much higher if you invest in a project which is just launched. There are so many information that we can get from the history of crypto investment which tells us that investment in new projects could fail more than investment made in already running and established projects. If I am made to choose between Ethereum for example and a new project which has nothing but promises, I would rather choose Ethereum.
somehow projects like this are easier to attract people to buy. Even though they know about the risks of getting into a potentially scam project like this they just don't care. What they consider cheap will make a lot of profit in the future. I think that's an unreasonable statement how a project that was originally only promoting their sales could survive in the long term. They only whisper a big discount on every public purchase. after that go when their coin release on the market a few weeks. This kind of project should at least be completely avoided whatever the losses we make also come from our greed to get big profits. that's why we're interested in obscure projects like this.
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.
there's no such thing, i mean a way that can make you rich easily.. Its immediately a red flag for me when i see a information which obviously very impossible and suspicious. 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.
Probably if you're new on these space especially if you are lack of information because surely you will fell on that way of scamming people around the internet as its still very common even these days.
You must think twice before investing. You must discuss enough about the project you want to invest in and then invest.There are many projects where they will make you dream of becoming very rich and later they will deceive you.Never invest in projects that will make you dream. They are covered by the biggest red flag.Invest before looking at the team and their activation before investing otherwise don't.
This is an old investment scheme, they always give you a promise about making profit but in reality it doesn’t exist at all. If the project talks more about the possible income without even talking about their future plans on how to provide quality services and improve their project, then that is a red flag. Avoid investing on a too good to be true project, analyze properly and don’t be a victim of those scammers. Before, a lot of projects were saying "to the moon", and most of them actually died after few months.
I believe many investors already did learn their lessons well in the past.
Only few and mostly newcomers are being victimized by these substandard projects.
If you can't see a tangible plan and progress and all talks only, for sure, they won't last in this market.
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.
I mean that should be standard. The problem though is no one really cares about altcoin projects and it's technicals. They want to put their money in pump and dumps. No one really believes in most any of these alts. They are just pump toys to stack more sats.
You must think twice before investing. You must discuss enough about the project you want to invest in and then invest.There are many projects where they will make you dream of becoming very rich and later they will deceive you.Never invest in projects that will make you dream. They are covered by the biggest red flag.Invest before looking at the team and their activation before investing otherwise don't.
This is an old investment scheme, they always give you a promise about making profit but in reality it doesn’t exist at all. If the project talks more about the possible income without even talking about their future plans on how to provide quality services and improve their project, then that is a red flag. Avoid investing on a too good to be true project, analyze properly and don’t be a victim of those scammers. ~
There was one attempt on me just recently where they were like wanting to "work with me" but then started talking about money in the end. They might had thought that I was into them already and I wouldn't mind handing them over my money but meh. I don't trust a lot of people in the internet.One of the usual tactics of these scammers also is targeting the elderlies and having to throw random techy words into them making them somehow convinced that the crap was real.
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.
It certainly is.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.
A project should be focusing on its development and that's what they should boast of and not on how much money you can make. If they have that type of guarantee and promise, it's likely that they'll giving false promises and that should be taken into account by potential investors.
Money will follow the project if the development is great but there's no guarantee that even it's successful, they're still prone into some rejections and possible losses at the start.
You don’t just be telling investors that they would be making up to 20% and you can’t elaborate on what it is really all about and how that profit would be coming. Such thing wouldn’t make sense to any investors that has been in the business for long and knows the in-and-out of it. So, it’s definitely a red flag for most of the 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.
It certainly is.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.
A project should be focusing on its development and that's what they should boast of and not on how much money you can make. If they have that type of guarantee and promise, it's likely that they'll giving false promises and that should be taken into account by potential investors.
Money will follow the project if the development is great but there's no guarantee that even it's successful, they're still prone into some rejections and possible losses at the start.
You don’t just be telling investors that they would be making up to 20% and you can’t elaborate on what it is really all about and how that profit would be coming. Such thing wouldn’t make sense to any investors that has been in the business for long and knows the in-and-out of it. So, it’s definitely a red flag for most of the people.
It's an old tune and I think it doesn't really work right now.
Scammers have new type of invitations now like "we have the best project" then comparing it to one of the top of their industry. That way it won't be suspected as a scam attempt.
What I find amusing now is for a developer to say you will "enjoy" it rather than make money out of it. The problem with most of their work now is it gets boring at a certain amount of time just holding the coin and waiting for "big moment".
Scammers have new type of invitations now like "we have the best project" then comparing it to one of the top of their industry. That way it won't be suspected as a scam attempt.
What I find amusing now is for a developer to say you will "enjoy" it rather than make money out of it. The problem with most of their work now is it gets boring at a certain amount of time just holding the coin and waiting for "big moment".
The big problem with projects that promise profits that's it most of them are but not all, result is end up losing your money. Even not a few people are trapped in the past, you must be always focus on research and don't be easily fooled by 10x profits at the beginning.
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.
Most project developers are also doing so with profit making at the back of their mind so people should do their due diligence and invest in good projects that have good fundamentals and development team.
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.
hit and run fitting. I did so, but I was disappointed with Shiba after I went all in, he survived until now, but I don't regret leaving Shiba I have got 50% profit already, grateful for the favors obtained from MEME coins
this one,
A good project is one that gives a clear project roadmap, focuses on building a product, promoting the product to the community, trying to listen to the community's feedback. And the special thing is that they will never mention the return that investors can get when we invest in them. Because when a product is accepted by consumers, the token value will increase with the quality of that product.
Those projects that have no product, vague idea and always announce to buy their tokens and promise us high profits, I think it's a scam project.
Those projects that have no product, vague idea and always announce to buy their tokens and promise us high profits, I think it's a scam project.
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.
I would like to add high profits. As most of the sto's do provide a fixed percentage of profit but they are generally on the believable side. There are also many dapps pools and farms that provides a fix percentage of reward, most of the time when it's a inflationary coin, the practice yield would be smaller.
Anything above 0.05% a day or 1.5% per month or 45% above could be considered a plain ponzi specially when they have no valid business to prove and all they offer is just a website.
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.
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.
It is definitely a big red flag when you see the core team engage in discussing the money to be made rather than talking about the next goal to achieve, better to walk immediately,
Most serious team doesn't talk price and they sometimes don't allow it in the main group channel, their main focus is to build a solid project.
Most serious team doesn't talk price and they sometimes don't allow it in the main group channel, their main focus is to build a solid project.
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.
That's what we called Ponzi scheme, it's their main strategy of marketing to entice people from investing. However, educated investors would not fall for that trap, that's why it's very important to spread awareness so investors would choose to invest in a real project with long-term potential, not in the short term that is trying to scam investors only.
With education, they will not mistake crypto as a scam if they fail, they would understand the risk so failing is possible.
That's pretty obvious a scam, any sensible investor will be looking for the technology and service the project has to offer rather than going for their false ROI chart because if the roadmap and service which the project has to offer is good then by default investors will get good ROI. Gone are those days when investors used to blindly invest and now investors thinks multiple times even before investing in legit projects due to scams.
Already people have lost lot of money by investing in projects which only talks about profits and now apart from newbie others won't be investing on such projects.
Already people have lost lot of money by investing in projects which only talks about profits and now apart from newbie others won't be investing on such projects.
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. ~
No shit, OP.Sorry but that's a really common knowledge now these days, OP. There's just those too good to be true thing in every single part of crypto especially when it involves investing your own money and sanity.
+200% overnight? Who would thought?
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.
We must be careful, because not only projects which keep talking about money gains are scams, but there are also many projects which have useless purposes nobody is asking/demanding for or that are impossible to work on practice, for being too surreal, like the popular metaverses.
Scammers developers use different strategies and better if we are aware about all of them.
Scammers developers use different strategies and better if we are aware about all of them.
HEX is one of those projects that promised insane amount of profits to their investors and still manage to keep their promise, I thought the project was a scam until it proved me wrong, till today hex is still doing so well, the only difference here is HEX team are not new to blockchain technology.
It should be so, but unfortunately, many of those projects do not directly promise that false guarantee. They tell their prospective investor that their project is very good and could provide benefits in the future. That makes many investors fall into their trap. In the end, that investor invests some amount into the project. The fraudsters are getting smarter in hiding their true intentions and goals because they know that the old trick will not work, so they modify it according to the existing situation and conditions.
Perhaps, if you see that what they promise looks too good to be true, you need to be more careful because that could be a trap waiting for you. That's why you don't invest a lot of money if you are not ready to take the risk.
Perhaps, if you see that what they promise looks too good to be true, you need to be more careful because that could be a trap waiting for you. That's why you don't invest a lot of money if you are not ready to take the risk.
In a world where projects with utilities still fails there comes projects that have nothing to offer but empty world and broken promises, who should be blame for this? Thanks for sharing this warning those who will learn will learn and those who won't will end up learning the hard way.
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.
Even legit projects promise profit and yield to their investors, investors will not invest in a project that they think will not give them profit in the future, let's be honest to ourselves we are investing to make money the big difference is legit projects back it up with a platform and great project, compared to fake projects that just backed with an empty promise and hype.
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.
I think and i really hope that every investor is aware that money can not be generated out of thin air. So as you already say, every project that is promising an APY of 1000% per year for everyone can not be a serious project in my opinion. This may be true and sustainable for a few weeks or so when new people are still coming in but as soon as the first big investors are selling of their tokens the whole system crumbles, so in the end it is all just a ponzi scheme. That being said, in the end every asset will lose it's value as soon as their are more sellers than buyers and if there are no buyers there are at all it's value will go to zero.
Yeah, 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!!!
The next thing to pay attention to is the team behind the project. Do they have a good reputation? Have they worked on other projects before? Can you find any information about them online? The better you know the team and their track record, the more likely it will be that this team will follow through with their road map
The next thing to pay attention to is the team behind the project. Do they have a good reputation? Have they worked on other projects before? Can you find any information about them online? The better you know the team and their track record, the more likely it will be that this team will follow through with their road map
Expected..what do scammers have to give than their empty words and promises? 
the sad part about this point from op is people will still believe those fake promises, if I'm in a position to talk to billions of crypto newbies I'd say don't invest money on that very first month you know what crypto is all about, take time to do some research and learning.
the sad part about this point from op is people will still believe those fake promises, if I'm in a position to talk to billions of crypto newbies I'd say don't invest money on that very first month you know what crypto is all about, take time to do some research and learning. legendary
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this seems true and I do agree, a team that always talking in regard of profits and return of investment always seems rather greedy in my eyes, and it could means that our investment will definitely not be safe .
if they are more focused in their products more and talks about the development of their products it could mean that they are really committed in building their own products and the profit and return of investment will always follow if they could
create some really extraordinary product but if they are just talking about the scheme of making great profit out of their promised product, then most of the time it’s just bullshit.
if they are more focused in their products more and talks about the development of their products it could mean that they are really committed in building their own products and the profit and return of investment will always follow if they could
create some really extraordinary product but if they are just talking about the scheme of making great profit out of their promised product, then most of the time it’s just bullshit.
Indeed, that is true.
Most projects now are a pyramid scheme which is an old tactic and easy to recognize. First investors are the ones who will harvest more and the newcomers will be the ones providing that profit for them. It should be a never-ending scheme to become an inviting investment. But what if you are the last? I kind of join some projects that have that kind of strategy but first I make sure that I am part of the initial wave or the beta investors before purchasing their coin.
Most projects now are a pyramid scheme which is an old tactic and easy to recognize. First investors are the ones who will harvest more and the newcomers will be the ones providing that profit for them. It should be a never-ending scheme to become an inviting investment. But what if you are the last? I kind of join some projects that have that kind of strategy but first I make sure that I am part of the initial wave or the beta investors before purchasing their coin.
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
Yeah i do agree with this. The project didn't even focus into the product but this project was giving promise like when you are investing on it and then you will be able to earn degular big passive income from tokens that you have bought it during the ico sale. I have seen that bunch of scam projects are also using this idea to fool the new investors. The new project has no active source income and that will be a disaster for investors who got promised to get passive income from there. 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.
Yeah but mostly the new projects have no clue about what should they do. They are offering so many promises to trap the investors. I just avoid to deal with this kind of project. So many scam projects are using this shitty strategy.
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.
It certainly is.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.
A project should be focusing on its development and that's what they should boast of and not on how much money you can make. If they have that type of guarantee and promise, it's likely that they'll giving false promises and that should be taken into account by potential investors.
Money will follow the project if the development is great but there's no guarantee that even it's successful, they're still prone into some rejections and possible losses at the start.
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.
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