Well Organized Scam Projects | Bitcointalksearch.org

jerrison

full member

Activity: 1442

Merit: 106

Quote from: Bitbtc8 on April 13, 2020, 01:00:07 AM

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people, to my own understand research doesn't help here at all, use case, whitepaper, team, every thing are so real and make sense, please give advice about this

its a step higher than just research, most times the affiliates of the projects should be considered and also the team should have a known face and a averifiable link to vet if truely he or she is involved in that project as scam is fast becoming a challenge in the industry and also a major force resisiting the futherance of the adoption of the technology in the globe. Blockchain technology was more assuring interms of investors funds years ago than it is now.

bussybuddy

full member

Activity: 1204

Merit: 105

PredX - AI-Powered Prediction Market

Quote from: Mister.Satan on April 22, 2020, 03:55:21 AM

Honestly, if they are so well-organized and use any meant just to scam people then there is not much to do against them. Because they are well-organized so you can't spot out any shady thing or red flag. They usually operate very normally and legitimately at first so very hard to see through their tricks.

A lot of projects now work the same way you describe them, we won't be able to recognize them as scams because they are so well organized. The project is always active and updated every week, but after they finish the ICO and the IEO they gradually disappear from this market.

leatutz

full member

Activity: 523

Merit: 100

Quote from: Bitbtc8 on April 13, 2020, 01:00:07 AM

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people, to my own understand research doesn't help here at all, use case, whitepaper, team, every thing are so real and make sense, please give advice about this

Every thing can make fake even exchange listed announcement. I think you should check cross partnership to find legit one. Some team members still supporting by their best to fight against scam. Only experience will help to find any team members who's related or not with previous any others projects

Mister.Satan

member

Activity: 163

Merit: 10

Honestly, if they are so well-organized and use any meant just to scam people then there is not much to do against them. Because they are well-organized so you can't spot out any shady thing or red flag. They usually operate very normally and legitimately at first so very hard to see through their tricks.

elisabetheva

full member

Activity: 1708

Merit: 105

Quote from: jahepahit on April 19, 2020, 12:51:43 PM

I myself also do not know exactly how to distinguish between fraudulent projects and not. because most projects that really pay are projects that have a simple concept. not too much about allocations and other things for bounty hunters

Broadly speaking, usually people will see who is behind a project that is running and see the whitepaper and website. but instead they are smarter by outsmarting all of it so as not to be suspected of being a scam project.
if you are not hit by a scam project because looking at it from having a simple concept, it is a fortune that is hard to come by now.
scam project criteria quite a lot at this time, from just disappearing to giving a reward but the price under the ICO is not even worth it anymore, or delay without any explanation

ahyadinnn

hero member

Activity: 1554

Merit: 503

Quote from: Divinespark on April 21, 2020, 09:53:02 AM

Quote from: t3m4nc0k on April 21, 2020, 09:02:09 AM

yes it is very difficult to determine real projects and scams these days because they are really the same, the only thing that I see is still looking for the background of each team and keep seeing the products they offer. if it looks like crap then I avoid it

How do you know which crap projects? I also do a lot of research before engaging in their bounty. But to be honest, sometimes it confuses me, projects that are rated as bullshit but they end IEO or ICO with success. And those projects that are considered good become scammer

it is difficult to research a project, I sometimes research and make my own decisions without seeing the decisions of others, I have participated in projects that are considered unsuccessful but after they made sales they were a huge success and until now their coin prices are still good, and in the past only some people are following their bounty

AD Node

member

Activity: 140

Merit: 57

https://streamies.io/

LPC was something really well build, a lot of good exchanges, stable price, high volume, at least for2-3 months, they created more 2-3 coins linked directly with LPC and people was still investing on it, only a few months, everything crashed.

cahbagus555

member

Activity: 756

Merit: 12

Quote from: Bobby park on April 21, 2020, 05:55:32 PM

There's a lot of projects that was created so perfectly, even you search deeply in order to determine whether it is scam or promising projects there is no simple way to find out. Some projects cost million dollars providing realistic project platforms including whitepaper, websites, team developers and many more. So the possibility to know or determine a scam project is quite difficult, but if you are here in this environment (crypto world) and a lot? Experienced you had about different types of scam I know that you have other way or strategy to avoid and break this problem.

It is indeed difficult to identify new projects as scams because they have whitepapers or projects that look legit. We will know that the new project is a scam after the sales period ends and there are no steps from the team to work on the project or not listing on the exchanger.

Bobby park

member

Activity: 546

Merit: 24

There's a lot of projects that was created so perfectly, even you search deeply in order to determine whether it is scam or promising projects there is no simple way to find out. Some projects cost million dollars providing realistic project platforms including whitepaper, websites, team developers and many more. So the possibility to know or determine a scam project is quite difficult, but if you are here in this environment (crypto world) and a lot? Experienced you had about different types of scam I know that you have other way or strategy to avoid and break this problem.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: jahepahit on April 19, 2020, 12:51:43 PM

I myself also do not know exactly how to distinguish between fraudulent projects and not. because most projects that really pay are projects that have a simple concept. not too much about allocations and other things for bounty hunters

They've learn from how things works inside the market and they just follow the trend to make sure people will also follow them, it's tough to determine most of the time it's luck that will bring success because even you deal with research things can still turned into scam or failed project that will victimized you and just wasted your time and efforts.

Convery

sr. member

Activity: 966

Merit: 254

Simply, you can´t. Those who are longer here, knows about scam that raised hundreds of millions of dollars without doubts that it could be a scam. I am talking about PinCoin, PlexCoin or Centra. Roll Eyes

disconnectme

hero member

Activity: 1876

Merit: 512

There is no way a scam projects can cover all their loophole, they can not dot every i's and cross every t's. From what I have learnt about this space most of the time is not about the scam projects but the greedy investors. If some is too good to be true, then is not. If you ask questions from the team and you get no real answer then there is a but.

travwill

sr. member

Activity: 1313

Merit: 278

Quote from: t3m4nc0k on April 21, 2020, 09:02:09 AM

yes it is very difficult to determine real projects and scams these days because they are really the same, the only thing that I see is still looking for the background of each team and keep seeing the products they offer. if it looks like crap then I avoid it

Any scam project sooner or later reveals itself. It would be better if this happened as early as possible, and not at the stage when the developers are hiding with the funds of investors.
This is one of the tasks of this forum, to find and learn how to find and determine scam.

Slingshot

sr. member

Activity: 616

Merit: 250

Lol, there are scam projects one never expected to even occur. There are some that owners promised heaven and health, claimed good team and Crypto enthusiasts, some even did bounty with huge rewards and active admin , some do even claim partnership with huge companies that knows nothing about them and finally some claims to partner with some exchanges. It's not easy in this space.

Mila52

full member

Activity: 1022

Merit: 106

The scammers can successfully disguise themselves and leave with the investor's money of in a few months. Even they can give hunters a some money.I'm always grateful the Bitcointalk forum and the not indifferent members for their help in researching the projects

soramon

full member

Activity: 983

Merit: 100

👉bit.ly/3QXp3oh | 🔥 Ultimate Launc

From my experience we can detect the project legit or not by monitoring the project it self. Maybe after 2 weeks you can ask them about the goals or roadmap. If they start ignoring people you should worry and leave that project. Finding a real project is very hard task.

Divinespark

hero member

Activity: 938

Merit: 501

Quote from: t3m4nc0k on April 21, 2020, 09:02:09 AM

yes it is very difficult to determine real projects and scams these days because they are really the same, the only thing that I see is still looking for the background of each team and keep seeing the products they offer. if it looks like crap then I avoid it

How do you know which crap projects? I also do a lot of research before engaging in their bounty. But to be honest, sometimes it confuses me, projects that are rated as bullshit but they end IEO or ICO with success. And those projects that are considered good become scammer

t3m4nc0k

full member

Activity: 616

Merit: 100

www.jacs.tech

yes it is very difficult to determine real projects and scams these days because they are really the same, the only thing that I see is still looking for the background of each team and keep seeing the products they offer. if it looks like crap then I avoid it

desticy

sr. member

Activity: 1512

Merit: 292

www.cd3d.app

The surest way is to check the team and project managers.
First of all, you need to find out everything you can about their career and past activities, as well as identify the reality of accounts in social networks.
Scamers very often use other people's pages, and also often come across this.

Anonylz

hero member

Activity: 2562

Merit: 577

Quote from: YOSHIE on April 13, 2020, 02:48:18 AM

Quote from: Bitbtc8 on April 13, 2020, 01:00:07 AM

How can we safe ourselves from well organized scam projects? Some projects are so well crafted and in the end they scam people,

Good project or not that's all your luck, in this forum, if you get paid after you work at a certain bounty and get a token.

There is nothing you can do when you find a scam project at the end of the story.
Many cases happened to members here, after working 6 months to one year, finally they were told by KYC, even though from the beginning they were not KYC, like this: https://bitcointalksearch.org/topic/m.52624092
That's all you can do, nothing more, the project still does the deception.

Exactly, most times luck plays an important role when it comes to bounty hunting and getting paid or not getting screwed over, even though you do some extensive research and dyor still when you are not lucky the bounty will turn out to be a scam, and when this happens, there is nothing you can do about it,
Yes the forum may tag the project but is the really enough to put a dent in their project and stop people from investing? It is not, so best thing you can do is hope luck is on your side, because you are gonna need it if you are a hunter especially in altscoin project.

Topic: Well Organized Scam Projects (Read 1057 times)