I think that most people who invest on these new projects are those people who actually knew these projects are going to run. But think differently and risks only to hype the project , go with the flow and run together with the team, or even earlier soon as they make profit and never comes back.
Why i think this way? Because it's too obvious, there are lots of info you can read on how to prevent scams on google even on TVs. But you will still wonder why people are hype, still posting about the projects on twitter or everywhere and even self promoting it.
Plus, new projects are really prone to getting pump and dump scheme where these smart investors make profit out of scam/suspicious projects.
Topic: They want your money by all means possible - page 7. (Read 1350 times)
Preventing scams becomes harder nowadays. Even public teams scam investors. Investing in a brand-new project becomes like gambling with your funds. Do even you know the team who will take action against them? Just investors will gossip for a few days and forget. Then invest again in a new project. Either we have to leave new projects or have to gamble. There is no other choose. But serious projects have some symptoms that would help prevent bigger losses.
You are the one that completely understand the situation we have found ourselves in this industry. Even public teams scam aswell. The best way to be safe is to assume that all new projects are scam and threat them as scammers until it is proven otherwise.
Those projects you see springing up are organised by a very small niche of scammers, who after scamming successful in one project, they will reinvest a little percentage of their scam gains into another new project to continue the scam under a new umbrella, a new brand and with a modified strategy to make you believe they are new team.
I have learnt my lessons the hard way and I don't wish to repeat such horrible mistakes. I no longer want to be super rich in crypto, but I just wan to be comfortable.
It is a pretty sad state of affairs for the cryptocurrency community at large when the vast majority of ICOs are nothing more than scams. Many crypto-enthusiasts have been living under the false belief that because the team has proven to be legit and because the token is listed on exchanges, then they will never get scammed. But sadly, this is not the case. It is now more important than ever that investors take precautions and do their due diligence before investing in any coin offerings. Doing so will help ensure that you do not become a victim of fraud, but ironically, many investors still do not do this.
Before investing in any ICO, you should research the listed team members to make sure their past record is clean and that they look reliable. You must also ensure a scam-free smart contract by auditing it with a proper company, and yes, do your own due diligence on the project and its whitepaper inside out before investing even one satoshi towards it. While researching for ICOs, it is always a good practice to do your homework.
Before investing in any ICO, you should research the listed team members to make sure their past record is clean and that they look reliable. You must also ensure a scam-free smart contract by auditing it with a proper company, and yes, do your own due diligence on the project and its whitepaper inside out before investing even one satoshi towards it. While researching for ICOs, it is always a good practice to do your homework.
Preventing scams becomes harder nowadays. Even public teams scam investors. Investing in a brand-new project becomes like gambling with your funds. Do even you know the team who will take action against them? Just investors will gossip for a few days and forget. Then invest again in a new project. Either we have to leave new projects or have to gamble. There is no other choose. But serious projects have some symptoms that would help prevent bigger losses.
As a Newbie give yourself time to progress. I would not want to direct you on how to swing your investment but if you don't like losing money stick to Bitcoin. This won't fail you, I know in your mind you might have weighed your pocket and Capital and thought you can't achieve anything judging by how little your capital is.
But did you know with if you start now to accumulate Bitcoin as little as your can you would be doing yourself good favour for the future. Not only would it help you not to regret in fake projects or coins that failed but also you would be better off than when you started accumulating it. It's probably the surest fact in crypto-currency right now.
But did you know with if you start now to accumulate Bitcoin as little as your can you would be doing yourself good favour for the future. Not only would it help you not to regret in fake projects or coins that failed but also you would be better off than when you started accumulating it. It's probably the surest fact in crypto-currency right now.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
I once started a topic where I urged and encouraged forum users not to be fooled by titles. and what they see. Scammers are going the extra mile these days to ensure people believe that they are real since the old ways are becoming outdated and people are more aware and more wiser. You have to be on extra look out and on guard always as you can easily be deceived. As newbies and others not too skilled at detecting scammers and their projects, always learn to ask questions and DYOR, they can save you from making mistakes. 2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
Beginners mostly have a limited ability to research, even on legitimate projects that sometimes don't yield good results. So the simplified advice for them is:
Want stable P/L (manageable) = take advantage of volatility (old established coins > trading)
Want significant P/L (unmanageable)= take advantage of hype (New coins> fundraising)
The choice is yours, it's that simple.
Want stable P/L (manageable) = take advantage of volatility (old established coins > trading)
Want significant P/L (unmanageable)= take advantage of hype (New coins> fundraising)
The choice is yours, it's that simple.
If they have shown you interest that they want your digital coins by all means then prove to them you're wise enough by protecting your asset at all cost, don't trust a third party person or exchanges in handling your financial assets, avoid links referrals and cryptocurrency influencers advertisement or promotion of a project, don't be greedy or hasty for making profit, learn cryptocurrency by yourself and acquire the knowledge so that no one will come up with framed up gist to enties you have investment with them, DYOR, and finally protect your asset by using a decentralized exchange, cold storage wallets or bitcoincore for safety.
We are now in a era where scam devs don't care about anonymity anymore, now they aren't willing to hide their faces, they will come out in the open, throw you some videos on YouTube and still run away with your money, if you are a newbie you need to have the following in mind when researching projects.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
1. Visible team members don't mean they are scam free.
2. A audited smart contract project can still scam you.
3. Scammers can spend a lot on their website to make it look attractive just to make you invest your money.
4. High volume on the listed exchange doesn't make a project clean from going scam.
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