Topic: Well Organized Scam Projects - page 2. (Read 974 times)
Research helps one to stay away from scam projects. Secondly not falling in love with any token, we should take our profits and move on as fast as we can itoght help us not to get trapped.
Not many people are prepared to go into that stress of the kind of research you are asking for here. I know it is very easy for you to do as a bounty manager because if you do not do a thorough research and you make a contract with a scam project, everybody will accuse you of knowingly promoting a scam. This will affect your reputation here. But not many hunters and investors care about all that and they may not have that time for a vigorous research.
That's a problem right there. Many bounty hunters are too quick to jump in and join any bounty campaign they see as long as the payment is good. Not even thinking of digging deep about the project itself.As I've said in a topic similar such as this, cooperation between the BM, bounty hunters and even the investors is crucial. Even if just one of them found a red flag about the project, it should immediately be published and announced for everyone to be aware and possibly save everyone's time and money from pouring it in on a possible scam project.
This is why the crypto investors are leaving crypto, because many well scam projects on crypto world.
Unless there are many success crypto projects shown to investors, they won't interested to investing on crypto again.
Even well organized scam bounty campaigns are exist to scam bounty hunters.
Crypto investors are doing back again to the market and as you can see there was a small growth in bitcoin. More people have already started to pick bitcoin and ethereum as their main portfolios. You must see the latest growth that was happening with bitcoin and ethereum dude. Unless there are many success crypto projects shown to investors, they won't interested to investing on crypto again.
Even well organized scam bounty campaigns are exist to scam bounty hunters.
Before we invest in who we should invest in, we need to choose the right kind of verification.Social media sites and various websites should be well verified.But even then, in some cases, we faced the loss.The best option is to then invest in news through this forum.
Your explanation is a bit chaotic and wordy, because I do not understand the investment in what you say, and if it is about the right verification I still agree, so that when making investments can be more clear direction. 
This is why the crypto investors are leaving crypto, because many well scam projects on crypto world.
Unless there are many success crypto projects shown to investors, they won't interested to investing on crypto again.
Even well organized scam bounty campaigns are exist to scam bounty hunters.
Unless there are many success crypto projects shown to investors, they won't interested to investing on crypto again.
Even well organized scam bounty campaigns are exist to scam bounty hunters.
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
Extensive research. Not just the kind of research wherein you're just scanning the project/startup's website and not doing extensive background search.You need to look past the wonderful looking website, the listing promises to a prominent cryptocurrency exchange and even to how well-known the team behind such a project is.
Dig deeper until you find some red-flags. Avoid getting lured in with the "nice things" others may say about the project/company; you'll have to do your assessments on your own.
If everything checks out then you may jump-in, but remember, invest only what you can afford to lose.
Before we invest in who we should invest in, we need to choose the right kind of verification.Social media sites and various websites should be well verified.But even then, in some cases, we faced the loss.The best option is to then invest in news through this forum.
what do you mean by invest in news through this forum? sorry not understanding what you wanted to convey here.
But anyway, from what I encountered here through the years, even if the project has transparent team with corresponding profile links, nice whitepaper, it doesn't mean that they will not run away from their responsibilities. There are several projects that you will think that they are totally legit with attached docs, registration and proof of having assets. But wait after few months in the market, they will start to disappear and their coin's value will go down drastically, you have no time to sell your holdings just to recover your initial investments. What I am trying to say here, is that no matter how much effort you put in studying the project, if the team themselves decide to abandon their platform, you can't do anything much about it but to sell your coins even at a loss. So right now, it is better not to invest during their ICO or IEO stages, but if you see a good project, just wait for it to hit in the exchanges and just do the trading. Just my 2 cents here.
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
Before we invest in who we should invest in, we need to choose the right kind of verification.Social media sites and various websites should be well verified.But even then, in some cases, we faced the loss.The best option is to then invest in news through this forum.
Only pro forum members can help us to identify. Because most of the people do not have the ability or quality and knowledge to do deep research about the project and check its legitimacy. So Pro member from this form can check every new project is a copy of another project or it has any project or people that are accused to be a scam before. I think these will help a lot.
I always rely very much on the bitcointalk forum and on all its authoritative participants, who always help newcomers and other users with little knowledge, to decide on good cryptocurrencies, cryptocurrency exchanges and new projects. Fraudsters in the cryptocurrency market have always acted and with the development of the market, their activities have also improved and determining the prospects and authenticity of new projects has become much more difficult. The fact is that even a more thorough study of the available information about a new project did not always give confidence that this project would have prospects in the future and that the developers were really honest people.
Only pro forum members can help us to identify. Because most of the people do not have the ability or quality and knowledge to do deep research about the project and check its legitimacy. So Pro member from this form can check every new project is a copy of another project or it has any project or people that are accused to be a scam before. I think these will help a lot.
No scam project can hide everyone's eyes. If you doubt that the project is a scam even though you have carefully researched it, you can rely on the community, there's always someone who is very good at finding scam projects.
What you need is to have deep investigation and research,
Even those good to be true project have their flaws that you can uncover once you perform a deep research. Looking with their documents and comparing it if there are other projects that are similar or something that you see any suspicions can help to determine if the project is legit or not.
Even those good to be true project have their flaws that you can uncover once you perform a deep research. Looking with their documents and comparing it if there are other projects that are similar or something that you see any suspicions can help to determine if the project is legit or not.
The Golden rule of investment is to always risk what you can afford to lose. Having done app the necessary homework on any project, sometimes it is difficult to pick out the scammy ones, in this case little risk will save you from losing too much.
The first golden rule should be (1) never investing in something you don't understand, then if you know what you are doing, (2) never use too many leverages.Anyway, if you guys want to invest in altcoin, better try community coins (preferably PoW) first like Monero, LTC, raven, etc. Tokens are just 99.9% scam most of the time. Better buy stocks!
Scammers of today can easily make a project looks very real with full details, they will wipe out every leak that investors can use to detect them until they finally achieve their aims
short-term projects are also very good and can bring big profits to investors. it is important to evaluate the marketing strategy of the project as well. if it is at a high level, then a project that will exist for 2-3-4 years can bring very good profits to its first investors
I wouldn't investing in any altcoin project for that long. You need to book profits within 6-12 months and pull out most of your investment. You may decide to keep a certain amount for the long term, but I would advice you to keep the proportion low (somewhere between 20% and 30%). There are multiple risk factors associated with these projects and it will be better if you don't associate with them for too long.
To be honest, I also have difficulty in determining project scams or not, because nowadays scammers are very smart. Can make fake projects
looks like a real project. So from that if you really intend to invest in new projects, invest money that we can afford to lose. So if until fooled
not too sorry. Right now I am choosing projects, not relying on research and investigation. I also saw the number of people participating in the
project. Because in my opinion more and more people are following the projects, it's possible these projects are very large is real.
looks like a real project. So from that if you really intend to invest in new projects, invest money that we can afford to lose. So if until fooled
not too sorry. Right now I am choosing projects, not relying on research and investigation. I also saw the number of people participating in the
project. Because in my opinion more and more people are following the projects, it's possible these projects are very large is real.
My suggestion is don't believe a new project easily. Investors should think thousand times in invest any new project. When a project start it's looking good. But after they scam. So i think investors should make deep research about project.
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
This is the problem nowadays because scammers now are more look like legit than the first one,they seems to be trustworthy and you can't find fishy just by looking at them.but if you dig deeper and check their Site,and the team
behind this mostly the are using fake accounts specially the Photos they are using mostly scams that is why this is
one of the best way to find their legitimacy because no scammers that will let Him be known and will always Hide their
personalities .
Proper research needs to be done but most of us investors most especially bounty hunter don't do research that much or do not do at all. You can not simply presume a certain project by having a good whitepaper or having at least a respectable team members. Remember scammer will anything for the money, even hire celebrities, or credible advisory to advertise their project. Do it at your own risk, you'll never know what you would be the outcome until you try.
Yes, it is very true, scammers at this time are already very clever in making projects, so research is clearly needed, because they are willing to spend a little capital to hire people who are trusted in crypto to get a lot of money through investors who enter into the project they. Jump to: